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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lakecity55's picture

The MSM would squall, but he would have gotten more votes.

The Shootist's picture

Who knows. What if he'd made RP his running mate? Of course they have different views on nearly everything...

MiltonFriedmansNightmare's picture

He would have pissed-off the banksters and he never would have been allowed to take office, but it would have been interesting to watch.

willwork4food's picture

Exactly why he went slow and knew he was playing with fire. I kind of also think he knew he didn't stand a chance in hell, so he was hoping down the road the people would get it and start kicking ass.

lunaticfringe's picture

Excellent moniker and dead on. I am libertarian and given Romney's elite banker status and status quo- squish handling of the economy with no plan and support of Obamacare, I said fuck him. I voted for Johnson. Me and a 1.1 million other souls. Btw, fuck the GOP too.

Translational Lift's picture

you and a 1.1 million other souls.


Elected obummer.....way to go.........

Antifederalist's picture

You say it as if it were a bad thing, Mittens, Obummer what is the difference again?

Refusing to vote for two bad choices is not an error, even if one is slightly less bad than the other.

A lesser evil is still evil.

DaveyJones's picture

went around and around with family and co-workers on this. 

It's amazing.

The two criminal parties have succeeded in convincing most people the world is flat

and they are the edges 

One eyed man's picture

The blame goes to the GOP voters who nominated a Wall Street insider just four years after a huge financial collapse that most people blame on Wall Street. What were they thinking?

People looked at Romney and thought "Here is one of the guys that made their fortunes by wrecking the economy.". Amazing he did as well as he did. A testament to Obama's leadership.

Repubs might have won the election if they had been able to find someone with some financial expertise who wasn't connected with Wall Street. Like a successful small businessman.

Antifederalist's picture

Well said. Any half way decent Rebublican would have beat Obummer. A 1% club member, flip flopping, Ken doll, who made his money doing LBO's, and belonged to a weird Christian sect that thinks Smith received the tablets in upstate NY. Not to mention the 47% comment. This guy and his supporters are so fucking stupid they deserved to lose. Which is not to say it is right. Obummer is as bad or worse.

In the end I believe Mittens will be glad he lost and Obummer will be sad he won. It is just math and the second derivative is now rising.......

DaveyJones's picture

upstate NY? Everyone knows God does his business on the island

hawk nation's picture

At least he is not a socialist/marxist like obamy who if the collapse comes will attempt get supreme power's picture

Romney ran for president not because he wanted power but because he honestly had the best interests of the average American at heart. Now that the election is over he's headed down to help Paul Ryan at the soup kitchen.

formadesika3's picture

-- Repubs might have won the election if they had been able to find someone with some financial expertise who wasn't connected with Wall Street. Like a successful small businessman.-

Last time an outsider (okay, maybe not the financial expertise part) crashed the party, a peanut farmer from Georgia got elected POTUS. The TPTB made sure that would never ever happen again. That's why RP never had a chance within the republicrat two-for-one party system. The fix was in from the start.

razorthin's picture

Would you rather die of rabies or a bullet to the skull?  That was your only choice between the two clowns.'s picture

Who saw "Old Yeller?" Who cried when Old Yeller got shot at the end?  Nobody cried when Old Yeller got shot? I'm sure. I cried my eyes out.

DaveyJones's picture

you're not an old feller if you don't cry for old yeller

knukles's picture

No, the people who did not vote or voted for RP that you blame for Obie's election are not the case, the problem.  That is a symptom.

The problem was the R's running a neo-con that has no place within the philosophical structure of the party I knew it and remember, a la the olde Western Conservatism of Barry Goldwater, et al.

RP represented a Pure Return to those Standards.
Almost Idyllic.
Which is what is needed with respect to a clean break from the New Normal.

Nope, I am madder than hell at my Republican friends for reelecting Obie... madder at them than my uber-liberal buds who voted and supported the O.

DaveyJones's picture

brass knuckles hit it on the head. Now we're all bleeding. Whether you agree or disagree with their original principles, neither party practices them. Corruption has no principles 

Dr. Engali's picture

No a poor choice offered up by the republican establishment got Obummer elected. Had they offered up a viable candidate other than Obummer lite things would heve been much different. You really didn't think a man who made his living off of dismantling America had a chance did you?'s picture



Elected obummer.....way to go.........


Are you suggesting that votes for Johnson were added to Obama's tally by the vote counters? Because you certainly can't blame Romney's loss on people who never would have voted for him not voting for him.


MiltonFriedmansNightmare's picture

The GOP needs a wooden stake driven through it's collective heart.


dwdollar's picture

It was never a surprise who Romney was and what he stood for, but maybe he misjudged libertarian support WHEN HE GOT A BIG FUCKING ENDORSEMENT FROM RAND.

NidStyles's picture

Rand Paul =/= Libertarian. Rand Paul is a Conservative. Libertarians =/= Conservatives.


Some day the plebes will get this through their head.

dwdollar's picture

And Ron? Is he not a Libertarian too?

I'm sure Rand had no input from papa on his decision... /sarc

Ron and Rand really fucked up. The sooner they admit that, and the sooner their ass kissing supporters admit that, the better.'s picture

Here's a statement Ron Paul made last month. As always he encourages individuals to make up their own minds. I've heard him use the phrase, "I don't encourage it, I don't discourage it" in regard to various topics. I'm sure he treats his adult children the same way.


Ron Paul: I get a lot of questions on that, a lot of phone calls and emails, and people sometimes want me to sign something, to fully endorse it as a legal matter. But I haven’t signed anything, so I neither encourage it nor discourage it, because of the frustration, because in some places they won’t count the votes. But if people feel totally exasperated and still want the satisfaction of doing something, there shouldn’t be anything wrong with it.

LetThemEatRand's picture

"Romney really blew it by alienating the libertarians."

I agree in the sense that libertarians would have been fools to vote for him regardless of whether his words alienated them or not.  He is not a libertarian.  He is a corporatist-oligarch-big federal government-status quo politician.  Like Obama.  

ersatzteil's picture

Seems to be a trend, especially among younger voters. Tired of bunking 3rd class on the Titanic; the lifeboats may be cold and exposed, but you stand a better chance.

monopoly's picture

I look at our failures every day, see this "statesman" and pray for our country. It will take a long time to bring it back, if it is possible.

And Tyler, off topic, but not really, just an interesting story even though it cannot happen.

Texas Governor Rick Perry says no to 'secede' petition

MiltonFriedmansNightmare's picture

Succession may be the only viable option. Texas to lead the way?

post turtle saver's picture

First of all, it's spelled SECESSION. As in to SECEDE.

Second, Texas will not lead the way because Texas has renounced all claim to right of secession per the Texas state constitution - Ordinance, Declaring the Ordinance of Secession Null and Void, March 15 1866.

"... and the right heretofore claimed by the State of Texas to secede from the Union, is hereby distinctly renounced."

Note that's a claimed right to secession that they're renouncing as opposed to an actual right, as the claim was never validated or recognized by ANYONE, not even the international community at that time.

I swear to Christ Almighty, that's all this country needs... more tea partiers, freepers, and tenthers that only see what they want to see and hear what they want to hear - as opposed to the actual TRUTH of the situation. Ask the ghosts of the Whiskey Rebellion how things turned out when they were protesting taxes and formed an armed insurrection. George Washington himself rode at the head of 15,000 men to make sure that mad bullshit was put to rest right quick - that pretty much set the precedent and the Civil War sealed the deal... you join the Union you pay your fucking taxes, and you don't secede without a fight. I mean a real fight, blood and guts style, not this impotent raging armchair keyboard warrior bullshit. It's just hot air, no one cares. Grab your guns and put up or shut up.


knukles's picture

What the fuck you expect?
Rick Perry rock the establishment boat?
You gotta be kidding me....

Big Hat No Cows

BeansBulletsBandaids's picture

not to be nit-picky but I'm pretty sure it's "all hat, no cattle"

and you're right, gov good hair would never rock the boat. i wish kinky would have won the last election down here.....

nmewn's picture

The forced destruction of the dollar (and individual labor for profit) must be maintained at all us, we're from the government and we're here to help.

Insideher Trading's picture

Guns kill and they should be banned. Pencils mispell words and should be outlawed. Bloomberg will ban tablespoons, because as we all know it's the size of the spoon that causes obesity.

This is the progessive future. Forward citizen.

Thecomingcollapse's picture

I wish that your statement was sarcasm.... but it's not and it is truly sad what we are becoming as a nation.  We will strip everybody of their liberties to "protect" them. sad..... truly, truly sad

A Lunatic's picture

The problem is with States like NY and Kali that have socialist assholes for leadership and the electoral votes needed to outvote those in states with more "conservative" values. I'm sick and tired of the likes of Bloomberg and Pelosi railroading us into servitude to the State. This secession business may be nothing more than noise right now, however, it is making more sense as each year passes.

Insideher Trading's picture

Your neighbor's obligations are your responsibility; shared sacrifice citizen.

A Lunatic's picture

You say shared sacrifice, I say organized theft.................

Almost Solvent's picture

NY is a large state. 


Here in my neck of the Empire State, I'm 500 miles away from asshole Bloomberg and it didn't even rain for more than a couple hours and never lost power for 1 second with Sandy.


I got guns, gold and farmland, plus LAKE ONTARIO less than 2 miles away - fresh water 4ever even when your aquaifer is dry to the bone.


So, lump NY into one at your own risk and go fuck yourself. 

A Lunatic's picture

And how were your electoral votes applied again??

Almost Solvent's picture

So, your team Red Romney.

If you really care about who is president you just don't get it. 

And thus, attack the blue states. Because the red state you live in must be so much better and different than upstate NY. 



A Lunatic's picture

You have obviously missed my points on all counts, no doubt due to poor reading comprehension skills. I think I would rather accept your kind invitation to go fuck myself than attempt to rehash that which I have already hashed. The offer is still good I hope?

you enjoy myself's picture

before going with the secession route, plan A should be to eliminate the state/local tax deductions from federal taxes.  any remaining productive citizens that hadn't already left a blue state would be gone by the end of the year, and it would collapse.  that, or the citizens would get a real hard lesson on the importance of fiscal/tax sanity and start voting accordingly.  either way, its a win. 

similarly, we're so far gone on the federal level that the best thing R's could do to salvage the country is to fold, and go along with O's agenda - stop the futile effort to slow down the inevitable crash and let Dems own it, and let citizens learn from it.  people actually believe that raising taxes another 4% on those making over $250K would solve our problems, and that the meanie Repubs are the ones blocking the way to a glorious fiscally responsible future.   so give in, and remove that strawman from the argument.  when we crash anyways, people will at least start re-evaluating their assumptions.

post turtle saver's picture

Hear hear! Everyone's up in arms about federal taxes and budgets yet they turn around and vote yes on every goddamned tax and bond issue put in front of them at the city and county level. Seriously, what the fuck people? Did you think all that money was free? Idiots.

Jugdish's picture

That's ridiculous. So when the democrat plans don't work out all the fucking retarded moron idiots are suddenly going to go ohhhh it was Obama's fault. Let me be clear, at this point, if you don't see what's going on and who the players are and what their role is, there is no hope of any kind for you. You are a fucking idiot and will die a fucking idiot and your shit that you accumulated will be confiscated or passed on to another complete utter fucking moron only to be squandered.

You are a defeatist, a loser, an excuse maker. You are a compromiser, a Mitt Romney. I've heard this think-tank idea from other idiots who listen to Rush Limbaugh and Hannnnity like yourself. Look at yourself in the mirror. That's what a spineless loser looks like.

CaptainObvious's picture

They won't learn from it, are you fucking kidding me?  Average Joe who charges and borrows his way into debt oblivion with credit cards and auto loans and a mortgage and a HELOC doesn't pay off his debt...he goes to the courthouse and declares bankruptcy.  Once his bankruptcy is discharged, the very first thing Average Joe does is fill out an application for another credit card  to "rebuild his credit".  And then Average Joe finds himself in exactly the same situation a decade later and declares bankruptcy again, reasoning that he'll get it right the next time.  And then Average Joe fills out an application for another credit card to "re-rebuild his credit" etc. etc. ad nauseum, lather, rinse, and repeat.

The gimmedats aren't going to accept the blame when the puppet theater burns down, oh hell no.  They are going to sit in front of the pile of ashes and scream like wet-diapered infants because the funny puppets are all gone and Mommy isn't there with a bottle.  And then they're going to crawl to your puppet show and demand your bottle.