Art Cashin's Presidential Debate Summary: "Not A High Moment In The History Of The Republic"

Tyler Durden's picture


For those who watched last night's pre-presidential theater, our condolences. You were not alone, however. Art Cashin was there too and here is his post-mortem.

From UBS Financial Services

The Debate – Here's how Politico's Ben White described the debate this morning:

DEBATE WRAP: BARE-KNUCKLE BRAWL — It was an intense debate between President Barack Obama and Mitt Romney on Long Island last night, with the candidates often circling, interrupting and generally trying to outalpha male each other. Obama turned in a much stronger performance than the first debate and ripped into Romney's tax proposals — especially the notion of cutting marginal rates 20 percent without adding to the deficit — as well as his primary season stances on contraception coverage and immigration and his opposition to the auto bailout. Obama also used his final answer to invoke Romney's 47 percent comments dismissing nearly half the country as free loaders. In short, Obama hit all the points his supporters could not believe he mostly skipped in the first debate.


But Obama was far less effective in making an affirmative case for a second term, saying only that he wanted to create more manufacturing jobs and reduce the debt and deficit and keep investing in alternative energy sources.  Romney had his strongest moments ripping up Obama's first term record, citing the persistently high jobless rate, the rising debt and the lack of action on Social Security, Medicare and immigration reform. Obama mainly tried to refresh his campaign's initial — and largely successful — disqualification effort against Romney rather than making a strong pitch for a second term vision.

What struck me was the large number of viewers, including reporters, who expressed discomfort at watching the debate. The contentious, uncivil nature of it, prompted phrases like "I had to look away" or "I almost switched it off". Certainly not a high moment in the history of the Republic.

Overanalyzing a bit, the alpha-male aspect may have hurt Romney a bit. My thinking was that the first debate made him look competent and human. He could have built on that with a chance to build empathy with the audience, especially women.

While the President was given the nod by a plurality of viewers, I think Ben White hit the mark. The President continues to run on a "why you can't choose Romney platform" rather than a "Why you must choose me". Next week's polls could move markets.

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Wed, 10/17/2012 - 09:51 | 2897758 Dalago
Dalago's picture

It took THIS to underscore that government is destroying America?  Strong-arming Ron Paul and his supporters out of contention for the "crazy" Liberty ideas would have been enough to know that there is something stinky going on.


Its not so much the government as its that most people are lazy.  TWO things need to happen to prevent run-a-way gov't.  (1) Honest politicians, haha thats funny, and (2) involved people.  These two will never happen at the same time all of the time.  When you vote you're actually rendering your responsibilities away to some cocksucker. SOO... get rid of fed gov't!  The People responsibilities will be within reach; the States will pick up the slack and more People are more powerful at the State/Local level.  Fed. gov't would simply be an enforcer of contracts and the Constitution under whatever the States decide.  Fed. gov't will be unable to make laws.

Wed, 10/17/2012 - 09:53 | 2897806 Daily Bail
Wed, 10/17/2012 - 10:01 | 2897841 Pladizow
Pladizow's picture

Pepsi vs. Coke - Different cans, same SHIT inside!

Wed, 10/17/2012 - 10:32 | 2897942 Nothing To See Here
Nothing To See Here's picture

I'm surprised the moderator didnt asked the two actors about Michelle's food program and crusade against obesity?

Wed, 10/17/2012 - 11:15 | 2898060 LMAOLORI
LMAOLORI's picture



I'm not did you see Creepy Crowley she's even larger then MOO chelle I see you got junked by an Obot your not supposed to bring up the subject that fat ass on MOO chelle is a sore spot only people who can talk about that and get away with it is Snoop Dogg. So plus one from me for the courage to talk about it.

Wed, 10/17/2012 - 12:24 | 2898227 nmewn
nmewn's picture

And Crowley is back flipping on Bengahzi, now that the camera is off...same old same old.

What he said in the Rose Garden...

Of course, yesterday was already a painful day for our nation as we marked the solemn memory of the 9/11 attacks. We mourned with the families who were lost on that day. I visited the graves of troops who made the ultimate sacrifice in Iraq and Afghanistan at the hallowed grounds of Arlington Cemetery, and had the opportunity to say thank you and visit some of our wounded warriors at Walter Reed. And then last night, we learned the news of this attack in Benghazi.

As Americans, let us never, ever forget that our freedom is only sustained because there are people who are willing to fight for it, to stand up for it, and in some cases, lay down their lives for it. Our country is only as strong as the character of our people and the service of those both civilian and military who represent us around the globe.

No acts of terror will ever shake the resolve of this great nation, alter that character, or eclipse the light of the values that we stand for. Today we mourn four more Americans who represent the very best of the United States of America. We will not waver in our commitment to see that justice is done for this terrible act. And make no mistake, justice will be done."

Nowhere in this does he say that Bengahzi was a terrorist attack.


Now I direct the rest of this to Mzzz Crowley...

He says "terrible act"..."no acts of terror"...he never calls it (Bengahzi) a terrorist attack and he definitely does not say they allowed members of the September 17 Martyrs Brigade inside the Bengahzi compound itself and paid them to be there!

Read it and weep...

"As far as the Obama administration is concerned, putting local boys in barracks inside the consulate compound was a great idea. Why not? President Obama’s ambassador, the late Christopher Stevens, was, as they say, “reaching out” across the jihad spectrum on official business.

Meanwhile, Ansar al Sharia (“Supporters of Islamic Law”), the al-Qaida-linked militia believed to have led the consulate assault in September, is a spinoff of the February 17 Martyrs Brigade, but that didn’t scratch the lacquered political surface, either. And even as reports remind us of ties among February 17 Martyrs Brigade leadership, the Muslim Brotherhood and the web of jihad-poison spun by Qatar’s Yusuf al-Qaradawi and Libya’s Ali al-Salabi – the latter having been tapped by the Qatari dictatorship to distribute $2 billion to Libyan “rebels” – the focal point remains elsewhere."

Thats the real scandal here...hiring a cheap ass Welsh security firm (Blue Mountain) who hired even cheaper Libyan former and active terrorists to guard the damned compound...Mzzz Crowley.

Wed, 10/17/2012 - 17:59 | 2899437 MrSteve
MrSteve's picture


Thanks for your excellent homework for the rest of us. The Obama administration's lame coverup of its bloody hands-incompetence for the Bengazi Embassy Massacre and then hiding behind flag-draped coffins is reason enough to disqualify these clowns from a second term; never mind the failed uneconomic plans.....

Wed, 10/17/2012 - 11:15 | 2898061 Deo vindice
Deo vindice's picture

Yet another reason why I chucked out the TV so many years ago. I wasn't even tempted to waste the time.

Wed, 10/17/2012 - 10:04 | 2897850 JPM Hater001
JPM Hater001's picture

""I had to look away" or "I almost switched it off". Certainly not a high moment in the history of the Republic."

"I had to look away" - Check

or "I almost switched it off". Check

"Then I switched it off." Check

Certainly the moment in the history of the Republic we realized we were done.


There Fixed.

Wed, 10/17/2012 - 10:32 | 2897947 killallthefiat
killallthefiat's picture

No longer a Republic..Res Publica Ariena

Wed, 10/17/2012 - 10:39 | 2897979 bigkahuna
bigkahuna's picture

Could not justify my time wasted watching these two. Very unproductive and "mind-fucking".

Wed, 10/17/2012 - 11:58 | 2898163 Jam Akin
Jam Akin's picture

Didn't watch the "debate".  Decided to play my guitar instead.  Much more productive.

Wed, 10/17/2012 - 12:06 | 2898182 JonNadler
JonNadler's picture

sleeping would have been more productive

Wed, 10/17/2012 - 12:13 | 2898204 pods
pods's picture

I watched a Harry Potter movie with my wife that was on tv.

I know, it is fantasy and needs a belief in magic to make it work, but is it really that different?


Wed, 10/17/2012 - 12:37 | 2898273 Jam Akin
Jam Akin's picture

Why not?  It's going to take some powerful juju to move us in a better direction.

Wed, 10/17/2012 - 13:21 | 2898410 Panafrican Funk...
Panafrican Funktron Robot's picture

Summary of the debate at :43.

Speaking of MTV, the slow motion collapse of the Republic was made very clear to me as a young lad back in 1985 by this:


Wed, 10/17/2012 - 13:49 | 2898478 blunderdog
blunderdog's picture

Interesting takeaway from Knopfler...but I do agree that if you want to understand American history, you're better off talking to the Brits.

Wed, 10/17/2012 - 10:04 | 2897855 chunkylover42
chunkylover42's picture

I would be careful drawing too many conclusions from this.  Every worker has part of their paycheck withheld for unemployment insurance, which is just that - insurance paid for by the worker.  The program is run at the state level and every worker, regardless of household income, is entitled to have the money set aside for them paid back.  These dollars run out after 6 months, but it's their own money they're collecting.

Extended unemployment is run at the federal level and is generally a welfare program paid for by taxpayers at large.  Households with that kind of net worth or income have no business collecting those benefits.

Wed, 10/17/2012 - 10:06 | 2897861 SokPOTUS
SokPOTUS's picture

Presumably, Vikram Pandit would qualify to collect unemployment.  It's not welfare.  It's unemployment.

Wed, 10/17/2012 - 11:08 | 2898037 LMAOLORI
LMAOLORI's picture



Social Security isn't welfare either people pay for it themself's along with their employer. I suppose it all depends on your view point the ticker guy has an article defending it.


Latest Lefty Lie: "2,400 Millionaires Get Unemployment!"

Wed, 10/17/2012 - 11:23 | 2898067 Observer
Observer's picture

True but social security is handled by the government which given that it is controlled by the Oligarchs who play "pass the buck" among themselves is neither social nor secure

Wed, 10/17/2012 - 13:50 | 2898485 blunderdog
blunderdog's picture

     Social Security isn't welfare either people pay for it themself's

How can you say this while pretending you care about "lies"?

Fuckin' comedy gold.

Wed, 10/17/2012 - 11:16 | 2898062 Observer
Observer's picture

That was a below the belt attempt. They paid premiums for the unemployment insurance when employed so they are collecting the checks when they are unemployed. It is not unemployment checks from the government. Try and understand the difference

Wed, 10/17/2012 - 12:23 | 2898132 LMAOLORI
LMAOLORI's picture



Which is why I put up Denningers article people did pay premiums same is true for Social Security. That's the thing about Socialism/Communism it's a slippery slope.  You either side with the people whose money was taken or the takers. Keep in mind they could come for your gold and silver. If you believe Millionaire's should be able to collect unemployment then the same should be true for the people whose money was taken from them for Social Security irregardless of whether the politicians borrowed from it or not it's still a debt just like any other debt owed by the U.S. 

Would you as a Capitalist believe Money Market Mutual Funds or China or your 401K that is invested in a fund should not be paid back for example? 


The TRUTH About Who Really Owns All Of America's Debt

BTW I didn't junk you


Wed, 10/17/2012 - 09:40 | 2897759 otto skorzeny
otto skorzeny's picture

wasn't this old mick facedown in a puddle of Jameson's by the time the debate came on?

Wed, 10/17/2012 - 09:46 | 2897772 gmrpeabody
gmrpeabody's picture

If he wasn't..., I was.

Wed, 10/17/2012 - 09:55 | 2897820 francis_sawyer
francis_sawyer's picture

Since when were we a 'Republic'?...

Wed, 10/17/2012 - 10:01 | 2897840 pods
pods's picture

That timeframe is debatable.  My thoughts are the time pre-Sumpter.

About the time of the 17th amendment was when we ran with democracy.


Wed, 10/17/2012 - 10:36 | 2897960 Nothing To See Here
Nothing To See Here's picture

It ended the day national political parties were created. Thanks to Martin Van Buren before he became president.

Wed, 10/17/2012 - 10:49 | 2898005 Nothing To See Here
Nothing To See Here's picture

The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.

- Alexis de Tocqueville

Wed, 10/17/2012 - 10:07 | 2897866 SokPOTUS
SokPOTUS's picture

It probably ended about 30 seconds after Ben Franklin walked out of Independence Hall.

Wed, 10/17/2012 - 10:15 | 2897893 Dickweed Wang
Dickweed Wang's picture

One of the main problems with our schools today is that "civics" is hardly taught, if at all.  Your comment "Since when are we a Replublic?" is apparently a perfect example of this.

You are probably someone who is a US citizen but you don't even know what form of government we have in this country - THE USA IS NOT A DEMOCRACY!  The US federal government (and most if not all state governments) are constitutionally limited republics.  This form of government is different from a true democracy in that the majority still gets to make the rules but they can’t make rules that violate the rights of minority groups without good reason.  Some people call this form of government a representative democracy but the term constitutionally limited republic is most accurate.  This form of government prevents mob rule from occuring where 51% of the population could enact laws that discriminate against the other 49% percent - which is the dark side of a true democracy that folks conveniently forget to talk about.

Wed, 10/17/2012 - 10:55 | 2898015 pods
pods's picture

Not to speak for francis, but I think he gets it.
Everyone goes around bitching about how we are a republic and not a democracy.

In point of fact, we are a functioning democracy.  So let's just drop the bullshit talk of "a republic."

Many have pointed this out, even in Congress.

Think of it like this:

We started out with milk, but that smelly, goopy mess in the fridge is definitely not milk, even if it says milk on the carton.


Wed, 10/17/2012 - 11:09 | 2898049 francis_sawyer
francis_sawyer's picture

trust me ~ I get it & was being facetious...

Wed, 10/17/2012 - 11:55 | 2898153 Dickweed Wang
Dickweed Wang's picture

The assholes that run this country have done everything in their power to move us away from our true form of government and towards a true democracy because guess what - their propoganda machine, which is used to control the masses through manipulating "public opinion", doesn't work nearly as well when government operates under the constraints of a constitutionally limited republic.  They want mob rule  . . . . so guess what we are living under now? If we don't force them to go by the rules instead of letting them make the fucking rules up as they go along or when they feel like it - we're screwed.

Wed, 10/17/2012 - 12:19 | 2898212 pods
pods's picture

I can understand your anger.  I was angry when I first woke up, but that argument (republic or democracy) was settled a long time before any of us were born.

My other standby (learned belief) was in the constitution.  Then as I deeply examined my beliefs, I found this quote to be very enlightening:

But whether the Constitution really be one thing, or another, this much is certain - that it has either authorized such a government as we have had, or has been powerless to prevent it. In either case, it is unfit to exist. 

-Lysander Spooner


Wed, 10/17/2012 - 13:53 | 2898490 Cathartes Aura
Cathartes Aura's picture

great quote pods ~ does the job of bringing us to the present moment, instead of endless quoting of how the FF supposedly were or acted.

until folks get their last foot out of the quicksand, there's NO going forward. . .

Wed, 10/17/2012 - 13:54 | 2898496 blunderdog
blunderdog's picture

       In point of fact, we are a functioning democracy.

Oh, come on.  No pure democracy could ever POSSIBLY have produced 80,000 pages of tax code.  It literally CANNOT HAPPEN. 

We're a failing republic. 

I confess part of me looks forward to the democracy of the lynch mob, though.

Wed, 10/17/2012 - 14:12 | 2898563 pods
pods's picture

I guess all of us have a bit of Mencken in us?

"Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats."


Wed, 10/17/2012 - 14:42 | 2898634 blunderdog
blunderdog's picture

Wisdom and perspective is often mistaken for cynicism and nihilism.

Wed, 10/17/2012 - 10:14 | 2897890 youngman
youngman's picture

Art Cashin suer does not need a debate drinking game....hes a pro

Wed, 10/17/2012 - 09:48 | 2897784 CunnyFunt
CunnyFunt's picture

Hun, self-medication would seem to be the proper course of action in order to wade through that bullshit.


Wed, 10/17/2012 - 09:49 | 2897792 Cortez the Killer
Cortez the Killer's picture

werent you cheek deep in some storm trooper's ass?

Wed, 10/17/2012 - 10:01 | 2897817 otto skorzeny
otto skorzeny's picture

My tastes run more towards Eva Peron-not the Aztec jungle trash you and your Spanish goons were busy giving deadly VD to.

Wed, 10/17/2012 - 11:04 | 2898036 viahj
viahj's picture

huh?  not this trooper!

Wed, 10/17/2012 - 10:05 | 2897856 CPL
CPL's picture

It's a burden to bear being Irish, you have to drink to your ancestors and family.  There are just so many to honour.

An Irishman is never drunk enough as long as he can hold on to a blade of grass on not fall off the earth.


Two whales go up to the bartender.

The bartender asks them what they want.


The second whale says, "Shut the fuck up, Frank.  You're drunk."

Wed, 10/17/2012 - 10:22 | 2897913 otto skorzeny
otto skorzeny's picture

actually-society has to bear the burden of the Irish through increased healthcare costs and the mental costs of pretending to like them-it's kind of like paying lip service to feeling sorry for Jews and the Holocaust.

Wed, 10/17/2012 - 10:57 | 2898019 pods
pods's picture

That's far enough kraut boy. Don't make me come over there and jam a potato in your ass!


Wed, 10/17/2012 - 14:31 | 2898601 CPL
CPL's picture

Then it sounds like you need to avoid a centralized, government run medical system if you are worried about alcohol and tobacco running up costs.  Lobby for individual insurance, that should clear things up with your conscience burdened by another man's pint.


Or maybe you could shut and drink your beer. 



Wed, 10/17/2012 - 18:40 | 2899503 MrSteve
MrSteve's picture

Get it straight, clown, nobody feels sorry for the Jews after the Six Day War. They are not counting on the kindness of others and they are surely done being pitied by fools like you, to quote Mr. T.

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