Watch The Teleprompter Discuss The Latest "Deficit Reduction Efforts"

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Tue, 07/05/2011 - 16:37 | 1427649 Ahmeexnal
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blah blah blah

Tue, 07/05/2011 - 16:52 | 1427721 MarketTruth
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YOU LIE!!!!!!!

Tue, 07/05/2011 - 17:08 | 1427779 Oh regional Indian
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All men with ties, lie.

You can take that to the bank.

Only to have it stolen from you.

By a man in a tie.

You can certainly take that to the bank.



Tue, 07/05/2011 - 17:09 | 1427771 EscapeKey
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No fucking shit. So far it's been words, words, and more words. No concrete solutions, no word on cuts on the programs where it's necessary (but would cost jobs), no word on cuts to the military - nothing. It's just more bullshit spawned about "we know the problem, we know how to solve it, we will move forward with it".

"Without getting into details, a lot of hard choices will have to be made, there's will, balanced budget deal... we believe it's possible..." blah blah fucking blah.

"He takes it very seriously."


"That's like saying... you'd put a gun to your head and pull the trigger. Is that wise? I don't know"

That's why you're a high paid official. Apparently, you can't even tell if pulling the trigger is a wise move.

Oh, and apparently starting infrastructure projects is blasted as GOOD while at the same time talking about deficit reduction. Jeez, the insanity here is just boundless.

Tue, 07/05/2011 - 17:13 | 1427799 carbonmutant
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How long before the MSM discovers that his ramblings aren't doing their credit ratings any good?

Tue, 07/05/2011 - 17:20 | 1427812 bigdumbnugly
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that was rhetorical, right?

Tue, 07/05/2011 - 18:17 | 1427936 Xibalba
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VAMANOS!!! ... no....OBAMANOS!!!!!!!!!!!!!!!

Tue, 07/05/2011 - 23:52 | 1428665 Pitchman
Tue, 07/05/2011 - 16:38 | 1427651 Internet Tough Guy
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I'd rather have a bottle in front of me than a frontal lobotomy.

Tue, 07/05/2011 - 16:55 | 1427737 DoChenRollingBearing
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+ 80 proof

Tue, 07/05/2011 - 17:18 | 1427808 johnQpublic
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i watched almost 43 seconds of this B.S. just to get beat to my comment by an internet tough guy

Tue, 07/05/2011 - 17:07 | 1427653 baby_BLYTHE
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Tue, 07/05/2011 - 16:40 | 1427662 Michael Victory
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Tue, 07/05/2011 - 16:41 | 1427666 putbuyer
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Can't take more that 2 minutes

Tue, 07/05/2011 - 16:43 | 1427670 QQQBall
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Tue, 07/05/2011 - 16:45 | 1427676 RobotTrader
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Only a matter of time before O'Bummer has to save his own hide by announcing a "shock and awe" stimulus plan, tax cut, or some other Hail Mary pass to rescue his legacy.

Why else would XLY and XRT be pricing in a consumer spending boom of collossal proportions in 2012 - 2013?

Tue, 07/05/2011 - 16:46 | 1427687 equity_momo
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1 to 10 Robo , 1 to 10 , thats all i ask.  Is that a 9?

Tue, 07/05/2011 - 17:04 | 1427768 fuu
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That one was pretty lack luster, I would guess no more than a 3.

Tue, 07/05/2011 - 19:45 | 1428130 ceilidh_trail
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couldn't resist  (10)

Tue, 07/05/2011 - 16:48 | 1427693 DonnieD
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...and gold be up $30

I agree, an announcement of supreme idiocy has to happen. Perhaps the announcement of Paul Krugman as Treasury Secretary.

Tue, 07/05/2011 - 16:52 | 1427717 NotApplicable
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Now that would be idiocy. Krugman is very valuable to them where he's at now. Well, at least as long as the herd pretends to read him.

Tue, 07/05/2011 - 17:00 | 1427754 Caviar Emptor
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That's an almost philosophical question there, Robo. 


Tue, 07/05/2011 - 18:40 | 1427989 Saxxon
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Robot gets junked again by frustrated, masochistic shorts.

But Robot is right.  The Pres needs to put grimy Dinero directly into the hands of the roiling, unwashed masses.  This will buy him Love and kick the momo over the edge to where it needs to be to vanquish his Republican foes.  The move will also hasten a market Celebration and further fuel inflation; both of which I personally welcome.

Zero sum game.  You pays yer money and takes yer chances.  Why fight the Fed?

Tue, 07/05/2011 - 16:45 | 1427682 EscapeKey
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I'd rather watch porn.

Tue, 07/05/2011 - 16:53 | 1427723 Dr. Richard Head
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I resemble that remark.

Tue, 07/05/2011 - 16:58 | 1427740 Careless Whisper
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better be careful with the x rated stuff if you live in florida. there is an avalanche of civil lawsuits over copyright protection... of x rated movies.

florida about to institute rocket docket - part deux - to protect copyrighted porn


Tue, 07/05/2011 - 16:55 | 1427739 baby_BLYTHE
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the SEC certainly does

Tue, 07/05/2011 - 16:57 | 1427748 docj
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I'd rather watch Casey Anthony doing porn.

Tue, 07/05/2011 - 17:54 | 1427871 Race Car Driver
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If she doesn't get a good book deal, you just might.

Tue, 07/05/2011 - 16:47 | 1427690 DNB-sore
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telescreen on...

Tue, 07/05/2011 - 16:47 | 1427692 LoneStarHog
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Is he going to speak in his native Kenyan?

Tue, 07/05/2011 - 16:50 | 1427707 Bastiat
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Why not have his crack birth cert. team print up some US Treasury checks.  How hard is that?

Tue, 07/05/2011 - 16:58 | 1427749 Sudden Debt
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It took them 18 months to make 1 paper....

Even if they printed 100 billion on every check, they wouldn't cut it.




Tue, 07/05/2011 - 17:08 | 1427783 Bastiat
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Good point! You are right on today!

Tue, 07/05/2011 - 18:21 | 1427943 Agent 440
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That was a good one Bastiat. You owe me a keyboard.


Tue, 07/05/2011 - 16:48 | 1427694 Mercury
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 Following the earlier news that government retirement accounts have been plundered by the most since the breach of the debt ceiling,...

It doesn't matter if the actual accounts are fully funded, empty or invested in cattle futures; a federal employee defined benefit plan is as good as gold. 

Tue, 07/05/2011 - 16:57 | 1427747 Dr. Richard Head
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Are you referring to barbaric relic meme of the MSM or the gold referred to by the survivalist crowd?  I assume the former?

Tue, 07/05/2011 - 16:49 | 1427695 djsmps
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And once again, the Arrogant One makes his minions wait to hear his golden voice.


Tue, 07/05/2011 - 16:47 | 1427696 Bastiat
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I'll bet he hasn't touched Secret Service pensions!

Tue, 07/05/2011 - 16:50 | 1427711 Sudden Debt
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those are secret, remember ;)


Tue, 07/05/2011 - 16:54 | 1427726 Bastiat
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Funny story:  I don't know what the deal is now that they've moved SS to Homeland Security, but in the old (Treasury) days they were in the DC police and fire pension system.  A retired agent told me:  "best public pension around -- why?  A DC cop once told me they've got something on just about every worm in Congress."  This was in the 1970s.

Tue, 07/05/2011 - 16:57 | 1427699 plocequ1
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Tue, 07/05/2011 - 16:49 | 1427704 Sudden Debt
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To reduce the deficit, Obama has decided that all the funding for the construction of the cold fusion reactors which would provide near free energy will be cut. Also all the new free schools, free hospitals, libraries, new roads... will be stopped.




Tue, 07/05/2011 - 16:51 | 1427712 Bastiat
Bastiat's picture

Is free basing OK?

Tue, 07/05/2011 - 16:51 | 1427710 djsmps
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He said "balanced approach" pretty early on.

Tue, 07/05/2011 - 16:52 | 1427720 Sudden Debt
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"Balanced" as in "tipping point"

Tue, 07/05/2011 - 16:52 | 1427715 Rynak
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Oh gods..... please stop posting that photo of him. Everytime i see it, i want to punch into my TFT-Screen...... i mean, even harder than when i usually see him.

Tue, 07/05/2011 - 16:55 | 1427736 EscapeKey
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No, keep using it. Reminds me what a shit-eating grin Wall Street sellout he is. It's a little known fact that the picture in question was taken 3 seconds after he removed his face from Blainfein's ass.

Tue, 07/05/2011 - 18:18 | 1427938 Cheesy Bastard
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Eww.  Is that why it's all brown?

Tue, 07/05/2011 - 19:56 | 1428147 Kali
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Cheesy Bastard, Oh no! you didnt!  Too funny.  I think since about 1976 or so, when i started waking up a little, I can't stand to watch any of these mofo potemkin presidents after about 4 weeks of campaigning, before they even get elected!  Face smash pic fo sho.  Keep it!

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