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 - 22:10 | 2978452 Evil Bugeyes
Evil Bugeyes's picture

I agree. Something very funny is going on. Since when do a few spiteful emails warrant an FBI investigation?

Petraeus is a Republican and perhaps he might have had political ambitions. Are the Dems eliminating possible 2016 opponents?

Or is the FBI showing the CIA who is really boss?

Wed, 11/14/2012 - 00:59 | 2978855 lakecity55
lakecity55's picture

Seven Days in May (November).

Only the roles are reversed. This time, the prez is NOT on the side of the Constitution.

Paging RP. Paging RP.

Emergency.

Tue, 11/13/2012 - 21:42 | 2978379 The Gooch
The Gooch's picture

Fuck 'n' a right. +1000

 

Wed, 11/14/2012 - 00:55 | 2978852 lakecity55
lakecity55's picture

Shades of Stalin's Purge! You're right!

These Reds never alter their game plan.

The military had better fight back before they are replaced with russians.

Tue, 11/13/2012 - 21:33 | 2978345 toomanyfakecons...
toomanyfakeconservatives's picture

JFK was shot dead in broad daylight by George H.W.'s  assasins and even that was whitewashed. The current story is entertaining and damning, but at the end of the day, it's a fart in a windstorm.

Tue, 11/13/2012 - 21:56 | 2978406 Antifederalist
Antifederalist's picture

Not just Bush assassins, pretty sure Johnson, CIA and military industrial elite in there too.

Tue, 11/13/2012 - 22:35 | 2978531 toomanyfakecons...
toomanyfakeconservatives's picture

Absolutely... I can't say enough about the Dark Legacy documentary... and people say NetFlix is useless.

Wed, 11/14/2012 - 01:24 | 2978900 hamstercheese
hamstercheese's picture

Right now I'm convince the driver shot him..that's why Jacquelin tried to get out of the vehicle....

Tue, 11/13/2012 - 22:01 | 2978420 fuu
fuu's picture

<golf clap>

Tue, 11/13/2012 - 21:24 | 2978318 Temporalist
Temporalist's picture

I think the issue of the fiscal cliff  is the same as what Germany is doing with Greece.  Wait it out and stagnate which keeps things from getting better but more importantly getting worse fiscally as they are essentially freezing everything by simply waiting.

Neither party cares that taxpayers will slowly be wrung dry from joblessness, low wages, layoffs, benefit cuts, pension cuts; little by little bleeding the public but so slow so they don't notice and don't complain at once in a loud voice but instead in intermittent squeaks. 

The frogs are being boiled slowly and politicians are not in the pot and only have to worry about being elected again to remain out of the pot for a few more years.

Tue, 11/13/2012 - 21:36 | 2978356 toomanyfakecons...
toomanyfakeconservatives's picture

"The frogs are being boiled slowly and politicians are not in the pot..."

 

They are most assuredly in the pot and within the reach of pitchforks and torches.

Tue, 11/13/2012 - 23:13 | 2978629 dark pools of soros
dark pools of soros's picture

blah blah....  kill a few and they are replaced by who?? more people who get bribed to fuck over workers who don't have time or access to bitch slap them

 

people have to start local, fix all local governments and clean up the mess from the bottom to the top...  but people hate the real boring town hall budget talks.. they love the big stage of gay this and that, abortions, war, etc

fools everywhere shaking their fist

Tue, 11/13/2012 - 21:44 | 2978383 Yen Cross
Yen Cross's picture

 Ok Fellas, have at it.  At least you have the guts enough to claim your " Chinese, everyone< wins Trophy>

  Z/H isn't a flower shop!  bitchez

Tue, 11/13/2012 - 22:04 | 2978429 hamstercheese
Wed, 11/14/2012 - 00:12 | 2978456 BlackholeDivestment
BlackholeDivestment's picture

Awe come on, the two parties told everyone, when they gave ''Favorite Nation Status'' to the Great Wal Mart of Communist China Suicide Vampire Squid abortion of the Constitution, that the 2012 New World Order Out of Many In (g)od We Trust Debt Note Egyptian Pyramid Mark of the Beast is the symbol they confirmed when they sealed the ceiling. They did not paint George as this (g)od on the inside ceiling of the Temple these builder's mapped out with their ''Sirius Screw You'' over ''their'' Apollyon's Shoulder and through the White House window because they have not mapped out their plan from the beginning. LMAO. Even if the majority know not what they do, the spirit of corruption is so moved among the blind U.N.SEALedTEAM hosts. Who was tempted to cast a vote? ...but the deceived, and given into temptation, delusional morons! Does anyone, with half a brain, really think; the current geopolitical Israeli NeighborHOOD's and willful idiots of ''controlled demolition malitia men'', counterintelligently imploding from within, around Israel, being armed by the BiPolar East West Eagle of Lagash, are not part of the global borderless effort to establish their Preemptive Nobel Peace Prize for Nuclear NonproLIFEration response? LMAO. Damn it Jim, Ron is just a country Doctor, how much more of a telegraphed punch do people need in TBTB ZIRP Global Guyana? LMAO. YOU ARE ABSOLUTELY STUPID IF YOU THINK THIS AIN"T THE MARK OF THE BEAST EVENT HORIZON BEING CROSSED, THAT HAS ALREADY EATEN THE CONSTITUTION AND LABOR, AS IF IT WAS NOT AN S&P BABYLON IS FALLEN ...is fallen, LMAO, ...666 ...Print BITCHEZ! ...666 APPLE ...666 CITI MARKET MAKER ABORTION CALL OF DEMAND DESTRUCTION WAR AND DEATH IN THE BLACK HOLE, ...or, you could be just a blind General BetratU.S. thinking with the same 666 dick over your shoulder evil bastard. Bla haa haa. 

Ron is just being polite, at best. 

http://www.youtube.com/watch?v=a_AAD7Dij-8

Wed, 11/14/2012 - 15:46 | 2981092 Chaos_Theory
Chaos_Theory's picture

I got a contact high from your post!

Tue, 11/13/2012 - 22:19 | 2978478 Yen Cross
Yen Cross's picture

 It's one thing to fit in Dr. Englai. It's another thing to lie? I'm putting together a Z/H get-together for next summer.

   I cordially, expect your presense, when I return from Australia! after the 'cyclone season'/

Tue, 11/13/2012 - 22:30 | 2978511 Antifederalist
Antifederalist's picture

It is not a lie! Motherfucker. Google Lawrence Lepard Ron Paul ads and then STFU and go back to your convict laden homeland you piece of human excrement.

Tue, 11/13/2012 - 22:34 | 2978525 Yen Cross
Yen Cross's picture

Child/ When you have even approached my abilities. When you have grasped the abilities of " ?"

  Don't give me a call. You are not even remotely capable!

Tue, 11/13/2012 - 22:37 | 2978534 Antifederalist
Antifederalist's picture

Lame. Pwowned. Goodnight.

Tue, 11/13/2012 - 22:44 | 2978549 Yen Cross
Yen Cross's picture

What is a " quad-angle"?   Hint, It's tin and you fish in it!   At least you are smart enough to build a alluminium boat!

Tue, 11/13/2012 - 22:54 | 2978581 Yen Cross
Yen Cross's picture

Fuck you inbred Jed! It's Quail and Dove season!

Tue, 11/13/2012 - 22:22 | 2978490 Miramanee
Miramanee's picture

oh the irony....what makes a fascist in greece (golden dawn, golden shower...who are those a-holes?) become a facist? is it ideology??? not really. anger? perhaps...but only when that anger is reflected and echoed by others. it is dopamine my friends...the most powerful substance on the planet. mobs thrive on dopamine....and you'all here at zerohedge; in your view you make reasoned and rational comments about such figures as ron paul, the ben bernank, 'little' timmy geithner, etc. but reasoning has very little to do with your lives on this blog. you thrive on one-another's doomerism, regardless of the facts. ron paul...the sanest man in congress? has anyone here actually considered what would happen if we retunred to a commoditized monetary standard? instant 30% contraction. many here say, "good...that's what we need...clear the debt from the system." THAT would be the SHTF...and that is WHAT YOU PEOPLE ACTUALLY WANT!!....austerity gives rise to extremism...and extremism in all of its manifestations keeps the dope flowing through your veins. You people WANT collapse because it feeds your dopamine habit. Take that to the bank, ZH.

Tue, 11/13/2012 - 22:38 | 2978540 Yen Cross
Yen Cross's picture

 3rd year, out of money "Triste".. Have you ever twisted a "79" 911 Turbo? Do you know what heel and toeing is?

  Do you know why the tensil strength of steel was changed/ CHILD!

Tue, 11/13/2012 - 22:41 | 2978543 Miramanee
Miramanee's picture

Ummmmm.....what?????

Tue, 11/13/2012 - 22:49 | 2978562 Yen Cross
Yen Cross's picture

 How many "crocs do ya fish for"? Average the size/ cost of gas/labor/> you have a ballace sheet for your lenders.

   Then you compare the industry, and resourses/costs. and get a whole sale cost...   

   Shit the New Guineans are smarter!

Tue, 11/13/2012 - 22:25 | 2978502 mogul rider
mogul rider's picture

the doomsday thing is so yesterday.

human ingenuity will win out

that is if it's not taxed out of existence first

Tue, 11/13/2012 - 22:33 | 2978519 toomanyfakecons...
toomanyfakeconservatives's picture

American ingenuity will win out.

 

There... I fixed your post.

Tue, 11/13/2012 - 22:40 | 2978542 Yen Cross
Yen Cross's picture

 Beat it! You are clueless!  You are the master of "nothing"

Tue, 11/13/2012 - 22:52 | 2978575 BlackholeDivestment
BlackholeDivestment's picture

Yeah riiight, Private Snowball. The Disney World Robot will sing ''A Deeper Shade of Soul'' and the whole world of labor is not now taxed with the mark of a Billion plus Commies and the rest that think they are not so exposed. LMAO. Watch out for that Tree of Life, George. You obvioulsy do not know where you are, and don't recognize the fact that you are not in the woods going down the slope, or the fact that the Big APPLE is way past fermented. Yer in the drakness of the black hole and there is no way out of the dark pool the beast pissed in. http://www.youtube.com/watch?v=CzSHhcXpCqg

Tue, 11/13/2012 - 22:43 | 2978546 Seer
Seer's picture

Ron's overlooking the real undercurrents to "poor productivity."  I don't think that he'd like to sign up for improving it lest he wants to join up with the neocons, for it is the neocons who are trying to get their hands on the REAL source of productivity (OIL = ENERGY).

The US was on the downslope when it started becoming a net importer of oil/energy.  The dots get separated if you push past this timeframe via savings and or manufacturing (that was built with cheap energy), leading people to forget about the energy flip.

Tue, 11/13/2012 - 23:24 | 2978662 MikeMcGspot
MikeMcGspot's picture

As I see it we are rushing on a crap load of energy now. There is no dearth of it for most in the USA or Europe or China or Russia or India or the rest of the usual suspects.

The powerful questions are “what is being done with it”?

Who does it benefit?

Like Dr. Evil coming out of a long seaway out of context and asking ransom in the million rather than trillion range for world salvation..

Though humorous in light of our human condition it is not funny.  Life for me is not a joke.

Let’s move on to the Mike Meyers manufacturing theme..

Bring manufacturing back!

Lots of jobs right?

Yep! For robots..

 

Tue, 11/13/2012 - 22:46 | 2978556 nah
nah's picture

public servants

.

zero

Tue, 11/13/2012 - 22:47 | 2978560 MikeMcGspot
MikeMcGspot's picture

Belief system questions and certainty.

Follow those who call for certainty knowing you and they are right.

Within them is the equation that spells out the ultimate outcome for that was and is and may be.

Salvation!

Spell check may correct your grammar at a Flesh rating of 6.0 but not convey your meaning.

Why do you believe what you believe?

What and who is programming me?

Is this the way I want it to be?

Who cast the spell of my existence?

Who is the god of meaning I bow down before?

How do I know this is the truth?

Who are you to say?

McGspot

Tue, 11/13/2012 - 22:52 | 2978573 Yen Cross
Yen Cross's picture

 Fuck these hill billies. I'm short risk.

Tue, 11/13/2012 - 22:58 | 2978590 Antifederalist
Antifederalist's picture

As leader of the hill billies, I am politely asking you to scram. No one wants to read your crap.

Tue, 11/13/2012 - 23:04 | 2978605 Yen Cross
Yen Cross's picture

As the leader of the dip shits , you are banished! lets make a bet ass hole!

 I'll donate 1ok to your favorite charity, if you win. you donate 10k to Zero Hedge if I win smart ass!

Tue, 11/13/2012 - 23:06 | 2978613 Antifederalist
Antifederalist's picture

You don't have $10k.

Tue, 11/13/2012 - 23:10 | 2978624 Yen Cross
Yen Cross's picture

Pussy! I have 200k sitting in my hand/ right now! Buying some Maple Leafs this week end!

Tue, 11/13/2012 - 23:15 | 2978634 Antifederalist
Antifederalist's picture

Eeeeeeeeewwwwww. Big man. You are my hero.

Tue, 11/13/2012 - 23:21 | 2978654 Yen Cross
Yen Cross's picture

 That donation, is redirected to "colon cancer" research. You would have done the same.

 

Tue, 11/13/2012 - 23:46 | 2978715 Money 4 Nothing
Money 4 Nothing's picture

Buy with both hands in or before Feb and dump it in March, the metal markets are laging behind in price 3 months right now.

Wed, 11/14/2012 - 01:03 | 2978866 Yen Cross
Yen Cross's picture

I would be happy to provide a picture?

Wed, 11/14/2012 - 00:05 | 2978758 BeansBulletsBandaids
BeansBulletsBandaids's picture

We prefer the term "ozark-american".

 

hillbilly is rayciss

Wed, 11/14/2012 - 09:11 | 2979318 alibi
alibi's picture

and clearly long fucktard. don't forget to hedge.

oh, and spellchecker.

Tue, 11/13/2012 - 22:59 | 2978595 Yen Cross
Yen Cross's picture

 Ron Paul couldn't find his way out of a "chilli cookoff"!

  The guy will be dead in 3-5 years. Young people like him because they  are looking for direction!

Tue, 11/13/2012 - 23:20 | 2978650 Savyindallas
Savyindallas's picture

you're really stupid-aren't you? You can at least get that question right  -I hope.  

Tue, 11/13/2012 - 23:29 | 2978669 Yen Cross
Yen Cross's picture

 You are really indoctrinated aren't you?  What are you 20 something years old/

Wed, 11/14/2012 - 00:06 | 2978760 jomama
jomama's picture

Yen Cross voted Romney.

Wed, 11/14/2012 - 00:25 | 2978798 Yen Cross
Yen Cross's picture

 Yen cross, (did not vote)...

  Better ways to improve life./

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