The Petulant Teleprompter: Obama "Abruptly" Walks Out Of Debt Negotiations

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Wed, 07/13/2011 - 19:22 | 1454093 goldencross10
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Obama was going to be late to tee time

Wed, 07/13/2011 - 19:31 | 1454129 camaro68ss
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he prob fogot to bring his telepromter and had to run out and get it.

Wed, 07/13/2011 - 19:37 | 1454158 MiguelitoRaton
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Does the market punish the action, we'll find out in 14 hours...

Wed, 07/13/2011 - 20:00 | 1454265 rocker
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CNBC reported that the market turn around today was after Boehner said raising the ceiling was a crap shoot. The comment was on the trading floor too. 

I guess ZH missed this one.   

Wed, 07/13/2011 - 20:21 | 1454321 oldmanagain
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Methinks someone only hears out of one ear.

Wed, 07/13/2011 - 20:27 | 1454350 Dolar in a vortex
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"I'm going to take this to the American People."

You will notice that he didn't say taxpayers. Don't want those evil rich getting in the way of a good snit!

Wed, 07/13/2011 - 20:43 | 1454406 Guy Fawkes Mulder
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Reminds me of this moment:

Wed, 07/13/2011 - 21:07 | 1454489 Rick64
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Wed, 07/13/2011 - 22:29 | 1454767 jeff montanye
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my take on the farce is the only thing they can agree on is giving the imperial presidency yet more power:  now he (will it be ever thus?) can raise the debt ceiling on his own.  

in my youth if you had asked me which would happen first, the president would claim the power to raise the debt ceiling without congressional approval or to kill u.s. citizens without trial or appeal, i would have missed the question.

Wed, 07/13/2011 - 22:36 | 1454787 markmotive
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Meanwhile, China (in addition to Moodys) puts US on ratings downgrade watch:

The world is watching these politicians with dismay.

Thu, 07/14/2011 - 00:49 | 1455066 Mr Lennon Hendrix
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Greenlight must have scared the crap out of Moodys.

Wed, 07/13/2011 - 23:29 | 1454913 hound dog vigilante
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agreed. mcconnell's move to drop the potato in the president's lap was as poorly judged/measured as obama's hissy fit.

these asshats are still playing politics. apparently they don't realize that every one of them will likely be voted out or forced to retire in the next election cycle.


things will get worse before they get better.


Wed, 07/13/2011 - 23:53 | 1454973 El Oregonian
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Was that the beginning of the "Domino Effect" of the collapsing markets?

Thu, 07/14/2011 - 01:04 | 1455090 Guy Fawkes Mulder
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Thu, 07/14/2011 - 01:45 | 1455128 Michael
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The market will love 1 million government employee layoffs if the debt ceiling is not raised, and so will I.

Too bad they are all Obama democrat voters that will be laid off. At least they can collect 99 weeks of unemployment compensation.

Thu, 07/14/2011 - 04:20 | 1455237 Michael
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A better title for this thread I personally could not have conceived.


Barak Obama is a made man . He is now one of the untouchables just like his predecessors by virtue of achieving the status of being the President of the United States of America.

The person occupying that office could be Elmer Fudd. It doesn't matter who the hell that person is.

But because he has been made, no one for the rest of his life on the planet can touch him and do harm to him or his family.

It's one of the perks of the office.

It's as simple as that.

Bugs Bunny and Elmer Fudd battle-cartoon(Un-censored)


Thu, 07/14/2011 - 04:39 | 1455247 Michael
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I will elaborate later.


Thu, 07/14/2011 - 07:02 | 1455323 fockewulf190
Thu, 07/14/2011 - 09:45 | 1455738 DosZap
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But because he has been made, no one for the rest of his life on the planet can touch him and do harm to him or his family.


Michael, this is the dumbest statement I have read.

Tell it to JFK's relatives...............

Anyone can be gotten to, anyone,anytime, anywhere.

The fact your a POTUS does not make you invincible.



I wish the GOP would walk the next meeting, and show that Mr.Big is not the only one who can say kiss our ass.


Sick of these thugs that think they OWN us.

You work for us, not the other way around.


Thu, 07/14/2011 - 05:11 | 1455256 Popo
Popo's picture

The Spender in Chief is powerless without his credit card.  

Ultimately that's all the president does:  Allocate resources that we don't have.

Take away his plastic and he has a tantrum.



Thu, 07/14/2011 - 07:12 | 1455336 Escapeclaws
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However, the market may not love it if Obama does not get his way. If the debt ceiling is not raised, I'm afraid the government will need to raid our IRA's and 401k's to make up the difference. Does anyone know the total value of these funds? At least the 1,000,000 jobs will be saved that way!

Thu, 07/14/2011 - 09:47 | 1455746 DosZap
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I DARE them to do it.

Thu, 07/14/2011 - 11:04 | 1456051 MikeyrInFL
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Nice! Maybe instead of POTUS, Obama should be PPOTUS...Pissy President Of The United States?

Thu, 07/14/2011 - 02:42 | 1455180 darkstar7646
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He is.

With a gun to the head of about 20-40% of the population.

Basically, he is either going to stop the checks, threaten to turn the people loose (believing the fear on the streets of Sh*t-cago is good for this entire country!), or both!

Thu, 07/14/2011 - 08:00 | 1455428 MonsterBox
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Chill.  It's the "W's" fault, somehow.  Give his minions a day or two to figure out how.....

Thu, 07/14/2011 - 22:15 | 1458272 darkstar7646
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Personally, I don't give a rat's rear end whose "fault" it is.

The fact is now that either it blows up when the market can't sustain it or it blows up when they try to sustain it.

One of the reasons I've told people that I am dead before the year is out -- because I don't think they're going to get it that far.

Then, either I die trying to rob somebody or I die for somebody robbing me for what little I still would have.

Thu, 07/14/2011 - 11:06 | 1456061 MikeyrInFL
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Agreed. After all, he is a community organizer.

Wed, 07/13/2011 - 23:53 | 1454972 SpiritBlade
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Prediction says...


Ceiling raised, and... no balanced budget.




Thu, 07/14/2011 - 01:02 | 1455085 Mr Lennon Hendrix
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Lindsay WIlliams said they would fail to raise it, which is interesting because he is usualy right.  The Senate seems bent on raising it while the House does not.  It will start in the House, so it may just wither there.  Zodiac, bitchez.

Thu, 07/14/2011 - 01:43 | 1455127 Michael
Michael's picture

The market will love 1 million government employee layoffs if the debt ceiling is not raised, and so will I.

Too bad they are all Obama democrat voters that will be laid off. At least they can collect 99 weeks of unemployment compensation.

Thu, 07/14/2011 - 02:46 | 1455186 darkstar7646
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From whom? Certainly not the Feds. They'd probably get maybe 13 weeks from the state and that'd be about it.

Thu, 07/14/2011 - 06:47 | 1455312 Gavrikon
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I wouldn't worry about the ex-government workers.  They will just join the other democrat flash-mobbers.

Thu, 07/14/2011 - 22:16 | 1458274 darkstar7646
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And you'd better be real worried about that one.

Unless you plan to start shooting first, the Republican upper-middle class might end up sitting ducks (quite literally!) in all of this.

Thu, 07/14/2011 - 08:55 | 1455541 MonsterBox
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furlough, not lay-off.  it's like unpaid leave. 

it'd be nice to have a 3-4 week vacation just before the SHTF.  You know, time to load up on the lesser metals for the "friends" coming to visit: steel, brass, lead.... .

Thu, 07/14/2011 - 22:18 | 1458275 darkstar7646
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The problem is that it wouldn't be a 3-4 week vacation _just before_ TSHTF...

it'd be a 3-4 week "vacation" _for the first 3-4 weeks WHEN_ TSHTF!

Wed, 07/13/2011 - 22:20 | 1454743 Republi-Ken
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Boys, Boys, A little TRUTH...Eric Kantor put out that Press Release...

Presidents DON'T walk out of a meeting...

The President starts and ends any and every meeting...when he decides! DUH!

Wed, 07/13/2011 - 22:38 | 1454793 SRV - ES339
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+ 4T

Wed, 07/13/2011 - 22:41 | 1454803 Calmyourself
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That must be why Carney felt the need to defend the teleprompter in chief.  Cannot wait to meet your ilk on the other side..

Wed, 07/13/2011 - 22:51 | 1454834 narapoiddyslexia
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Why anyone around here would believe anything Cantor says surprises me. He represents everything this virtual community appears to despise; a paid-for political hack with dual citizenship. A neocon saint.

I'm not carryin' water for the Nigerian, mind you, but the Israeli doesn't interest me either. They deserve each other.


Thu, 07/14/2011 - 01:36 | 1455122 Mr Lennon Hendrix
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He ended the meeting and walked out, however you want to call it.  Canter?  Yeah, he is a bitchh, but whatever, should the POTUS get all uppity and end one of the most important meetings of his career?  To what?  Golf?  Come on.

Thu, 07/14/2011 - 05:13 | 1455257 Popo
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If you tell a spoiled 17 year old girl that her credit card is being confiscated,  she'll behave exactly the same way.


Thu, 07/14/2011 - 09:29 | 1455676 narapoiddyslexia
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Eric Cantor is a traitor. He announced it himself. Read it -

Even some of his fellow Jews were surprised by Cantor's anti-Americanism -


Thu, 07/14/2011 - 11:40 | 1456229 MikeyrInFL
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I read this article which is old news. What's the problem? "Traitor?" Really? In what reality is Eric Cantor a traitor for meeting with Bibi? Also, what the heck is the "anti-Americanism" in this? Get a grip!

Thu, 07/14/2011 - 04:04 | 1455228 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

The last president to be re-elected with unemployment above 7.2% was Franklin Delano Roosevelt.

Wed, 07/13/2011 - 20:00 | 1454130 Hard1
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It was actually shootin' hoops, not tee time.

Wed, 07/13/2011 - 21:01 | 1454468 dlmaniac
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OweBummer probably received a tweet from Wiener.

Wed, 07/13/2011 - 21:49 | 1454634 max2205
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I read that MacArthur stomped out WW I Vets who stormed capital hill because the Govt reneggerd on bonus payments. Doesn't that action negate the law stated above?!

Wed, 07/13/2011 - 22:42 | 1454808 jeff montanye
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i'm not sure the 14th means the gov has to make good on its promises to, say, vets, as much as whatever promises it chooses to actually pay, the debt to pay it cannot be questioned.  questioned by whom is a bit unclear.  but clearly some (gross, durden) are in violation, if not in the letter then in the spirit. 

Thu, 07/14/2011 - 09:33 | 1455701 knowless
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the full text of section 4 of the 14th amendment shows that it was a way to negate all confederate debt. I don't see how it's applicable besides a one time action. unless some debts are suddenly those of "insurrectionaries". The intent seems obvious, so to cut out the rest of it and just say "the validty of the debt of the united states shall not be questioned." seems like a sham..



the validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.

Wed, 07/13/2011 - 22:44 | 1454813 Calmyourself
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Patton was there also and contributed to the stomping of the "bonus Army"  who were there to demand the bonuses they were promised post WWI, very interesting history.

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