Ron Paul: "0% Chance Of 'Grand Bargain' Over Fiscal Cliff"

Tyler Durden's picture


Shining a little reality light on the otherwise pollyanna-like dearth of pragmatism that is the mainstream media's guest-list, Ron Paul provided Bloomberg TV's Trish Regan a little more than we suspect she bargained for when asked if he had any hope that we avoid the fiscal cliff. The constant "delaying-of-the-inevitable" enables our politicians to avoid facing up to the serious consequences of our reality and as Representative Paul notes the chances of a grand bargain are "probably zero... that's why I think we're over the cliff [already]." Just like the handling of the debt ceiling debacle, Paul notes they will "pretend they are going to do it" until we get a total crash of the dollar and the entire financial system (which he notes is what will occur if we continue the status quo). "We are at a point of no return" unless certain things change, since "we are not the productive nation we used to be."

Paul on the fiscal cliff and whether politicians are under more pressure to just do what they need to do to get votes:

"Well I think that's true and I think it's been that way for a long time but the big difference is the Treasury is bare. It isn't like we're in the 1950s and 1960s where economic growth could work our way out of these problems that you could print money forever. Printing the money right now, what does it do, it fills the banks with excessive reserves and they get paid to park it at the Federal Reserve. So it's quite different. We're not the productive nation we used to be…we have a lot of jobs gone overseas. Our dollar is weakening because prices do go up and as long as we do that, the politicians are going to keep pushing that and trying to get away with that but the big question is how long will politicians will be able to get away with that."

On the probability that a grand bargain will be reached on the fiscal cliff:

"Probably zero… that's why I think we're over the cliff. We're past bargaining states because they will not address those things I just stated. They're going to try to pretend that they are going to do it. The way they handled the debt increase, last summer, that is a pretty good example. And matter of fact the debt increase might be the big event come February that might be big because they can roll things over…they can postpone big decisions in January and yet that still does not remove the uncertainty. Uncertainty is a major cause of the inability for the market to get moving again and they have to revamp it in a much more detailed fashion than they are even talking about right now."

On whether Obama will be able to bring Congress together for some kind of reform before the end of the year:

"Oh no, I think there will be something, but it will be very temporary, it won't be long lasting and restore confidence and fix the problem. But there will be some type of reconciliation of saying we'll do this and a little of that and it may even help the financial markets for a little while, but since it won't solve the problems it will only be temporary. "

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Tue, 11/13/2012 - 21:12 | 2978269 TeamDepends
TeamDepends's picture

What happened to the Deltas I used to know?

Where's the spirit?

Where's the guts?


This could be the greatest night of our lives.

But you're gonna let it be the worst.

Oh, we're afraid to go with you, Bluto.  We might get in trouble.

Well just kiss my ass from now on!

Not me!!!

I'm not gonna take this!!!!!!!!!


Tue, 11/13/2012 - 21:24 | 2978320 New_Meat
New_Meat's picture

well, u b talkin' to u-sef

??? tonight is the greatest night????

I think that Phil Collins did something along those lines.

- Ned

Tue, 11/13/2012 - 21:25 | 2978322 New_Meat
New_Meat's picture

well, u b talkin' to u-sef

??? tonight is the greatest night????

I think that Phil Collins did something along those lines.

- Ned

Tue, 11/13/2012 - 23:48 | 2978571's picture



What happened to the Deltas I used to know?


Those Deltas have been replaced by these Deltas. Toga parties are one thing but you do not want any alcohol introduced into your incubator.


In this world, a person's class status is biologically and chemically engineered. The genes that determine brains and brawn are carefully selected. Then, a bottled embryo undergoes the initial conditioning that will determine its skills and strength, in keeping with its destiny as an Alpha, Beta, Gamma, Delta, or Epsilon.

Wed, 11/14/2012 - 02:51 | 2978990 tenpanhandle
tenpanhandle's picture

Didn't Blutarsky become a senator?

Wed, 11/14/2012 - 07:59 | 2979179 TeamDepends
TeamDepends's picture

And a damn fine one at that.  But when he let it slip he had presidential aspirations he was put on double secret probation.

Tue, 11/13/2012 - 20:53 | 2978176 LetThemEatRand
LetThemEatRand's picture

I have no regrets about "throwing away" my vote by writing in Paul on my Florida ballot.  I disagree with him on probably half of his fundamental policy ideas, but I agree 100% on the others (states' rights, much smaller federal government, dismantle police state, MIC, and others), and I believe he would honestly try to do what he promises.    With the other choices, that made him the clear candidate to vote for.  Too bad his son is a douche corporatist, because he could otherwise take up the mantle.  Given that Ron Paul is probably at the end of his career for national office, we can only hope that the coming collapse will usher in a new round of reasonable alternatives to the Blue Team/Red Team nonsense, but I suspect our political candidate choices are going to get much worse before they get better.  

Tue, 11/13/2012 - 21:23 | 2978310 Harbanger
Harbanger's picture

"I have no regrets about "throwing away" my vote by writing in Paul on my Florida ballot. "

So you wrote in Ron Paul right?  And told others to do the same yet you're anything but a Libertarian.  I see you enjoy rubbing salt on the wound.  Enjoy the script you wrote for yourself because I will.

Tue, 11/13/2012 - 21:37 | 2978362 LetThemEatRand
LetThemEatRand's picture

So my vote for Ron Paul is salt in your wound?  If that is the case, I'd say your wound is self-inflicted.

Tue, 11/13/2012 - 22:08 | 2978444 nmewn
nmewn's picture

LTER is apparently attempting a conversion/intervention I what purpose I have no idea.

But in the past, it has always defended more government regulation (now proclaiming a belief in smaller government). Not long ago, it defended "you didn't build that" to the disgust of those who did build that.

Maybe it was being contrarian then...but you are wise to keep this one at the end of a stick...I damned sure do.

Tue, 11/13/2012 - 22:25 | 2978489 LetThemEatRand
LetThemEatRand's picture

Wow, I guess I have the winker so afraid of my consistent message that black and white thinking is counter-productive, that he refers to me as a non-person ("it"), and is encouraging others not to talk to me.  How free-market-of-ideas-really-a-hypocrite-who-doesn't-like-dissent-freedom-is-for-me-and-not-you, of "him."

Tue, 11/13/2012 - 22:46 | 2978527 GoinFawr
GoinFawr's picture

You were able to see the forest for the trees and wrote in RP for Prez, congratz. I'd wager there were hundreds of thousands of other 'progressives' right there with you. 

Now consider how many 'Libertarians' were able to make an equally grand gesture and wrote in 'Ralph Nader' for Veep?

Count on one hand all the ZH echochambermaidens such an idea even occurred to I betcha y'all...

as long as we're on the subject of '~0% chances for Grand Bargains', I mean.

Tue, 11/13/2012 - 23:09 | 2978618 nmewn
nmewn's picture

"I'd wager there were hundreds of thousands of other 'progressives' right there with you."

As long as you didn't make the wager in like a bomb went off...

Tue, 11/13/2012 - 23:13 | 2978628 fuu
fuu's picture

I was going to write in Ralph as Vice President but I chose slewie instead.

Wed, 11/14/2012 - 00:25 | 2978799 HurricaneSeason
HurricaneSeason's picture

I voted for Roseanne Barr. She's the same as Ron Paul, without the whiney voice. End the federal reserve and usury and stop being the country with the most prisoners per capita and legalize weed. Paul should run as her vice president under the peace and freedom party next time.

Wed, 11/14/2012 - 01:49 | 2978924 Cathartes Aura
Cathartes Aura's picture

weeellllll, not quite the same as. . .

Roseanne Barr strongly supports a woman's right to choose.

but other than that, she's covered all the points made often, here.  and she'd be hella funny in the role, you have to admit.

upvote for creativity, ha.

Tue, 11/13/2012 - 22:36 | 2978535 TruthInSunshine
TruthInSunshine's picture

The establishment grows increasingly paranoid with each incremental loss in the power of their propaganda.

You're doing it correctly. They must come over to the correct "side." Compromise only hastens our demise at this point.

Tue, 11/13/2012 - 23:04 | 2978609 nmewn
nmewn's picture

"that he refers to me as a non-person ("it")"

Ok, clarification is in order then...are you male or female?...this would be a yes or no question to you LTER.

"and is encouraging others not to talk to me."

No, it would be just what I said...holding you and your ever changing ideas at arms length...even to the point of holding you on a stick.



Mmmkay. I clearly said, you may have been being contrarian in your previous arguments in defending more government regulation and the "you didn't build that" hogwash.

But you defended both of them...did you not? In so doing, how do you reconcile that with your new found "small government" position?

Wed, 11/14/2012 - 00:26 | 2978800 LetThemEatRand
LetThemEatRand's picture

Hey straw man.  Good to see again, as always.  You post here every day, 12 or 14 hours a day, so you must read even more often (assuming you care what anyone says but "you").  Find a single quote from me defending "big government."    I consistently defend the concept of government, which brings us such awful things as roads, schools, airports, GPS, etc, but I never defend a bloated government defined by the MIC.  I'm sorry for you that you can't see the difference.  Rander.

Wed, 11/14/2012 - 07:28 | 2979152 nmewn
nmewn's picture

1) Ok, I'll continue to call you an "it" you didn't answer the question. Even though you object to being called an "it"...when given the opportunity to clarify, to right some feigned indignity on your person, you declined. 

2) So, in your opinion, THE ONLY place you can find "bloat", across the entire expanse of federal government, is in the defense department? Mr.Chu can stuff cash in the pockets of Obama crony's for Fisker Karma's, Mr.Holder can run guns across the border to kill innocent mexicans and Mzzz. Sebelius can regulate a citizens health care until they go on the government dole and you are all good with that?

Over 6,000 new notices & regulations in just the last 90 days is the definition of bloat...

November 9, 2012 ( – It’s Friday morning, and so far today, the Obama administration has posted 165 new regulations and notifications on its website.

In the past 90 days, it has posted 6,125 regulations and notices – an average of 68 a day.

Looks to me like, they have a lot of people sittin around thinking up things to regulate.

What have you got to say about this?...Citizen It ;-)

Tue, 11/13/2012 - 20:52 | 2978215 Chupacabra-322
Chupacabra-322's picture

Huffington Post
November 13, 2012

A Republican state legislator in Montana who once supported U.S. Rep. Ron Paul (R-Texas) for president is asking to be paid in gold and silver coins to guard against a collapse of the dollar.

State Rep. Jerry O’Neil (R-Columbia Falls) wrote to the state’s Office of Legislative Services on Friday making the request, noting that concerns among his constituents about the national debt have prompted him to ask for payment in gold and silver coins “that are unadulterated with base metals.” O’Neil, who is entering his sixth term, had not objected previously to being paid in dollars by the state for his services. Politico first reported the story on Tuesday.

“My constituents, when I went door to door, one of the things they were interested in was the $17 trillion national debt,” O’Neil told The Huffington Post. “Some of my constituents said we would not have this problem if we had currency backed by gold.”

Tue, 11/13/2012 - 21:52 | 2978398 PeaceMonger
PeaceMonger's picture

Ron Paul was simply the messenger of an "Idea whose time has come".  

Tue, 11/13/2012 - 22:33 | 2978521 zorba THE GREEK
zorba THE GREEK's picture

Ron Paul may speak the truth but he never had a shot at the presidency.

On the other hand, General Petraeus did and now he has been compromised

because of his affair. I have been telling my friends for years that Petraeus was

the only hope this country had. A military coup after the collapse of the dollar,

was our only hope of getting back on track to a government of the people.

Petraeus was the obvious candidate to lead the coup. In my heart I believe

Petraeus is a patriot and could lead us back to Democracy after the demons

have been exorcised. 

Tue, 11/13/2012 - 23:00 | 2978596's picture

If you're looking for a Caesar, that's not the one we need. Try this one:

Wed, 11/14/2012 - 01:03 | 2978867 markmotive
markmotive's picture

It's too late for bargains anyway.

Wed, 11/14/2012 - 02:46 | 2978983 JKearney3153
JKearney3153's picture

a Republican who wants to cut military spending!?!? i'm all in, Paul 2016

Wed, 11/14/2012 - 04:43 | 2979060 JuliaS
JuliaS's picture

Ron Paul first ran for president in 1988. I find it extraordinary that he managed to keep his patience for another 24 years.

Tue, 11/13/2012 - 20:18 | 2978087 Insideher Trading
Insideher Trading's picture

Hear that? zero, nien, kaputsky. The sun will not rise nor set. Finished. Game over. Move on, start a war.

Tue, 11/13/2012 - 20:18 | 2978088 koncaswatch
koncaswatch's picture

I'm really going to miss this guy's candid responses to dumb econo-questions.

Tue, 11/13/2012 - 20:27 | 2978132 rodocostarica
rodocostarica's picture

Dont worry he will still be around

Tue, 11/13/2012 - 20:19 | 2978091 Yen Cross
Yen Cross's picture

 Nice person, good intensions... Out of touch with reality... 

  Ron Paul is a , pragmatic person...  Ron Paul is "just Ron Paul"!

                                                                                               Invigoration BITCHEZ!

Tue, 11/13/2012 - 20:22 | 2978109 monopoly
monopoly's picture

Disagree Yen, maybe out of touch with those voters who need their social fix from Obama, but not out of touch with reality. In fact, I would say he is one of the few who is "In touch" with the truth. He was our hope, and it is gone.

Tue, 11/13/2012 - 20:35 | 2978160 Yen Cross
Yen Cross's picture

 nO oFFENCE , to Mr.Paul. I think he is trying to "teach " his legacy to people that weren't around 3-4 decades ago.

  When I went to school, "cigarettes were bad".   Funny thing is cigarettes are still bad...

Tue, 11/13/2012 - 23:07 | 2978614's picture

I think cigarettes are pretty good. That's why I'm willing to risk death by smoking them.

Wed, 11/14/2012 - 00:33 | 2978811 Manipuflation
Manipuflation's picture

I'll second that risk.

Tue, 11/13/2012 - 20:42 | 2978181 booboo
booboo's picture

"He was our hope, and it is gone."

Well to be honest, you sir are our only hope, think about that for awhile.

Wed, 11/14/2012 - 00:43 | 2978830 Assetman
Assetman's picture

Well... that, and Obi Wan Kenobi. ;)

Tue, 11/13/2012 - 20:42 | 2978182 Hi Ho Silver
Hi Ho Silver's picture

"He was our hope, and it is gone."

Considering his unprecedented record of success how could he fail?


I had better luck at the track with dog names that were anagrams of his.

Tue, 11/13/2012 - 20:43 | 2978188 A Lunatic
A Lunatic's picture

No offense but it's time we man up and be our own hope.

Tue, 11/13/2012 - 20:56 | 2978231 Dr. Engali
Dr. Engali's picture

+ 1 Agreed.

Tue, 11/13/2012 - 21:04 | 2978252 Yen Cross
Yen Cross's picture

 Plus 2!                  Junks/down votes< are for pussies!

Tue, 11/13/2012 - 22:59 | 2978593 DaveyJones
DaveyJones's picture

worked for an island up north

Wed, 11/14/2012 - 02:11 | 2978953 xtop23
xtop23's picture

Exactly. Unplug from the matrix.

Get as much of your life out of the system as feasible and starve the leviathan.

Wed, 11/14/2012 - 00:55 | 2978851 Yen Cross
Yen Cross's picture

Short Risk

Tue, 11/13/2012 - 21:21 | 2978304 ersatzteil
ersatzteil's picture

I like your Afghan heroin-induced version of reality, but I like keeping my teeth better. I'll continue to support the Paul and say no to freebasing h-bombs while looping Krugman lectures on youtube.

Stagflation BITCHEZ!

Tue, 11/13/2012 - 22:14 | 2978462 Hulk
Hulk's picture

Now U went and dun it...

Tue, 11/13/2012 - 20:19 | 2978092 Squid Vicious
Squid Vicious's picture

Romney really blew it by alienating the libertarians ... but of course no mention of this in MSM....

Tue, 11/13/2012 - 20:21 | 2978103 Yen Cross
Yen Cross's picture

Thanks S/V, I just couldn't verbalise?

Tue, 11/13/2012 - 20:24 | 2978122 kaiserhoff
kaiserhoff's picture

Perhaps, but imagine the shit storm Romney would have got FROM the MSM if he had simply endorsed most of Ron's quite rational economic policies.  There's the heart of darkness.

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