• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

Will Reid's Rebuff Mark The Top Again? Transcript Below

Tyler Durden's picture




 

Harry Reid's rebuttal full transcript - ES 1410 as he speaks...

  • *REID SAYS `WE'RE NOT GOING TO KICK THE CAN DOWN THE ROAD'
  • *REID SAYS HE HAD `NICE MEETING' WITH GEITHNER
  • *REID SAYS STILL WAITING FOR `SERIOUS OFFER' FROM REPUBLICANS

 

It seems not saying that Republicans suck is bullish and just the excuse themarket needed tro ramp to VWAP - though we warn of what that means...

 

 

Reid: Reasonable Republicans Urge House Leadership To Stop Holding Middle Class Hostage

November 29, 2012

Washington, D.C.- Nevada Senator Harry Reid spoke on the Senate floor today regarding the fiscal cliff. Below are his remarks as prepared for delivery:

 

It took four months, but Republicans are finally realizing the way back from the fiscal cliff has been right in front of them all along.

 

In July, the Senate passed legislation to give economic certainty to 98 percent of families and 97 percent of small businesses – to every American making less than $250,000 a year.

 

For four months we’ve been one vote away from a solution to this looming crisis.

 

And for four months, House Republicans have refused to act.

 

Instead they have held the middle class hostage to protect the richest 2 percent of taxpayers – people who have enjoyed a decade of ballooning income and shrinking tax bills.

 

Now reasonable Republicans are coming around to what Democrats have said all along: let’s reassure millions of middle-class Americans their taxes won’t go up by $2,200 on January 1.

 

Prominent Republicans are calling on Speaker Boehner to end the suspense for millions of American families.

 

Republican Congressman Tom Cole of Oklahoma urged his caucus to pass the Senate’s legislation keeping taxes low for those making less than $250,000.

 

And conservative, Republican Congressman Tim Scott of South Carolina admitted yesterday that if the Speaker brought our bill to a vote, it would surely to pass.

 

It’s time House Republican leadership listened to the will of the American people – and the advice of reasonable members of their own caucus.

 

The way out of this standoff is clear.

 

Yet we’re left wondering how long Republicans will force middle-class families to wait and worry.

 

Unfortunately, resolving this standoff won’t eliminate every conflict over our fiscal future.

 

If we’re serious about reducing the deficit, it will take a balanced approach.

 

Last year, we successfully worked across party lines to cut a trillion dollars’ worth of spending we just couldn’t afford.

 

Now, even our Republican colleagues acknowledge budget cuts alone won’t solve our fiscal challenges.

 

A majority of Americans – 60 percent – want to end needless tax breaks for the richest Americans. Democrats couldn’t agree more.

 

But we can argue over whether to give more unnecessary handouts to the wealthy tomorrow.

 

We can discuss balanced, responsible ways to reduce our deficit tomorrow.

 

Let’s take care of the middle class today.

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Thu, 11/29/2012 - 13:13 | 3020894 SheepDog-One
SheepDog-One's picture

O RLY, no more can kicking? Uh huh...sure.

'Nice meeting with Geithner' OH so he brought the good cocaine and underage hookers with him then.

Thu, 11/29/2012 - 13:14 | 3020904 Conman
Conman's picture

That can has been upgraded to a barrell, so barrell kicking now.

Thu, 11/29/2012 - 13:18 | 3020923 Quinvarius
Quinvarius's picture

And they bought a dumptruck to haul it around in.

Thu, 11/29/2012 - 13:19 | 3020936 flacon
flacon's picture

Stock markets are a barbaric relic. 

Thu, 11/29/2012 - 13:25 | 3020966 derek_vineyard
derek_vineyard's picture

enough of the fucking obvious. every person from a elementary school kid to the guys at the gym knows this perpetual deficit cannot continue and i personally tire of reading about the obvious

Thu, 11/29/2012 - 13:37 | 3021023 forwardho
forwardho's picture

I... AM... NOT... AN...ALGO. I am a man.

Thu, 11/29/2012 - 14:41 | 3021054 hedgeless_horseman
hedgeless_horseman's picture

 

 

2-25-10 

 

11-29-12

  • *REID SAYS `WE'RE NOT GOING TO KICK THE CAN DOWN THE ROAD'
Thu, 11/29/2012 - 14:59 | 3021418 ACP
ACP's picture

"Put that ho on a leash! Bitchez runnin' wild, man!"

Thu, 11/29/2012 - 13:39 | 3021028 Boris Alatovkrap
Boris Alatovkrap's picture

BTFD!

Thu, 11/29/2012 - 13:37 | 3020925 Boris Alatovkrap
Boris Alatovkrap's picture

Barrel already is fall over precipice, Niagra style.

Thu, 11/29/2012 - 13:43 | 3020930 AlaricBalth
AlaricBalth's picture

Reid, Boehner. Can someone tell me what the difference is between these two empty suits. If Congress only has a 12% approval rating, why do the incumbents win re-election 90% of the time. There is  a disconnect somewhere. From a macro-political standpoint Americans think Congress is inept. From a micro-political standpoint they will continue re-electing the same idiot who keeps giving them handouts.

We are truly screwed.

 

Thu, 11/29/2012 - 14:29 | 3021262 NooooB
NooooB's picture

I would wager that voter turn out for House elections are much lower than Presidential year elections. And Local elections even less.. The Media has people focused on the shit that effects them the least. And with an increasingly renter society. People are more and more disconnected from what is happening in their own neighborhood... That is the root of the disconnect. A small minority can get reps elected and keep them there. The rest of the population just shrugs as if it is not in their power to do something about it... At the risk of sounding like a radical; The only reason you can ride a horse is because it has no idea how big it is... Learn it, know it, live it.

Thu, 11/29/2012 - 13:26 | 3020973 resurger
resurger's picture

Yes we Canball effect..

Forward.. --->

Thu, 11/29/2012 - 13:15 | 3020911 CPL
CPL's picture

Hookers and blow!!

 

Bullish!

Thu, 11/29/2012 - 13:16 | 3020913 slaughterer
slaughterer's picture

UN - KA CHING

Reid now long

Boehner now short

Thu, 11/29/2012 - 13:19 | 3020937 spastic_colon
spastic_colon's picture

again....just watch ctrl/p of eur/usd

Thu, 11/29/2012 - 13:41 | 3021022 vast-dom
vast-dom's picture

TOLD YOU SO. Flip a tungsten coin.

 

who say Chinese only like ping-pong - increase sound bite increase up down up down at indsicriminate level up down 

Thu, 11/29/2012 - 13:16 | 3020915 Boris Alatovkrap
Boris Alatovkrap's picture

Why is kick can!? Can is already fall over precipice, now is only wait for thud!

Thu, 11/29/2012 - 13:21 | 3020946 Quinvarius
Quinvarius's picture

Man who fail to kick can lose control of can.

Thu, 11/29/2012 - 13:29 | 3020989 Boris Alatovkrap
Boris Alatovkrap's picture

Man who open can, drink beer is certainly lose control in can.

Thu, 11/29/2012 - 13:25 | 3020917 TruthInSunshine
TruthInSunshine's picture

Boehner's prior seeming lofty heights deflated by Reid's flaccid rebuttal.

 

In other news, and this is my 1x OT for the week (it burns...), someone here metioned P.J. O'Rourke saying that:

"If you think health care is expensive now, just wait until it's free." 

Unaffordable Cost Seen for Some Under Affordable Care Act

...The landmark health-care law, which survived the threats of repeal and a Supreme Court review, now confronts another hurdle: living up to expectations. As the administration spells out the details, many uninsured will be surprised at how much they will have to pay. It may involve “very substantial amounts,” and “there still will be a significant number of people who can’t afford health coverage,” said Ron Pollack, head of Families USA, a consumer group that backs the law.

 

A family of four earning $75,000 will pay $7,125 in annual premiums and as much as $8,333 in co-pays and deductibles, according to a preliminary estimate by the Kaiser Family Foundation. A single 40-year-old earning $30,000 will pay $2,509 in premiums and as much as $3,125 in cost sharing. For a 60- year-old making $40,000, the amount will be $3,800 in premiums and up to $4,167 in out-of-pocket costs, according to Kaiser.

Do you see? All those Everest, Pajamascollegeconnection.com & University of Phoenixicans, who are extended-extended-unemployed or making minimum wage will be covered, families will catch that much needed "break," and seniors will rejoice! Those MANDATORY premiums and co-pays are only equal to an approximate 212% of most peoples' net-negative savings/extra cash!!!

-AND-

 

Unemployment Benefits Cost: $520 Billion

In case the "subtlety" of that headline and its import were lost on any/some, that's 1/2 trillion dollars in BernaxBux expenditures for what most deem to be a "relatively minor component" of the U.S. Budget.

Welcome to the recovery, BITCHEZ!

Thu, 11/29/2012 - 13:35 | 3021008 Boris Alatovkrap
Boris Alatovkrap's picture

 

From same report:

 

"The fine would be $695, or 2.5 percent of a person’s income, whichever is greater."

 

For financially illiterate, this also is known for Regressive Taxation. Poor people of Amerika, you are vote for populist selling class-division rancor - now is remember what was sold as compassion is actually reality. Sorry if Boris disdain for Amerika electoral ignorance is transparent.

 

Thu, 11/29/2012 - 13:58 | 3021061 TruthInSunshine
TruthInSunshine's picture

Many more will go on welfare. Everyone will be doing it! Why pay 20% to 30% of your income in mandatory premiums and co-pays (at a time when the net cost of basic necessities for many who do still work wipes out their income and then some)?

All the coolest kids will go on welfare (not Galt):

Go on Welfare

 

No wonder the insurance companies "capitulated." How unselfish of them. A 40 year old will be forking over around 1 out of every 4 dollars they work to earn just for medical premiums and co-pays, and will be PENISlized if they don't "voluntarily comply"...that's, like, a totally awesome deal.

Thu, 11/29/2012 - 13:31 | 3020985 scatterbrains
scatterbrains's picture

The Jeethner is only interested in figuring out which side of the aisle is going to get blamed for the flush..  he just wants to make sure that no one blames his banker bosses..  he could care less which party takes the hit.

 

Thu, 11/29/2012 - 13:56 | 3021110 azzhatter
azzhatter's picture

A "nice" meeting with Geithner would result in Geithner taking a dirt nap

Thu, 11/29/2012 - 13:12 | 3020896 Central Bankster
Central Bankster's picture

idiots, the lot of them.

Thu, 11/29/2012 - 13:18 | 3020926 Bam_Man
Bam_Man's picture

Not idiots. Crooks and whores is what they are.

Thu, 11/29/2012 - 13:20 | 3020944 Boris Alatovkrap
Boris Alatovkrap's picture

Amerika is great whore, but once is pure virgin. Sad for America, sad for world! Maybe Boehner is tears for fallen nation, not painful maxio-facial surgical procedure of former Speaker Pelosi.

Thu, 11/29/2012 - 13:23 | 3020959 fuu
fuu's picture

As an aside an anagram of your name is "A Vibrators Polka".

Thu, 11/29/2012 - 13:27 | 3020984 Boris Alatovkrap
Boris Alatovkrap's picture

Boris cousin, Dotty, is famous Polka artist. Are you to make fun!?

Thu, 11/29/2012 - 13:39 | 3021033 fuu
fuu's picture

An anagram of her name is "Total Vodka Party".

Thu, 11/29/2012 - 13:50 | 3021070 PhattyBuoy
PhattyBuoy's picture

Where Natasha is great whore ...

Thu, 11/29/2012 - 14:07 | 3021170 Boris Alatovkrap
Boris Alatovkrap's picture

Now is my sister to insult!? Why is no shame?

Thu, 11/29/2012 - 14:15 | 3021201 PhattyBuoy
PhattyBuoy's picture

You sleep with sister ?

Thu, 11/29/2012 - 14:19 | 3021220 Boris Alatovkrap
Boris Alatovkrap's picture

Boris sister is 2+m height, 170kg, dead lift crappy Lada, more hair on back than Putin's chest. Don't messing with Natasha!

Thu, 11/29/2012 - 14:24 | 3021240 PhattyBuoy
PhattyBuoy's picture

Who great whore ... now?

Thu, 11/29/2012 - 14:08 | 3021177 Boris Alatovkrap
Boris Alatovkrap's picture

Anagram this... F U

U

Thu, 11/29/2012 - 14:48 | 3021365 Boris Alatovkrap
Boris Alatovkrap's picture

Funny is joke for cousin name. In russian, "Dotty" is "Tochechnya" which is make fun for pimple! So is or "Polka Pimple". Boris is laugh so hard, vodka is escape nasal passages!

Thu, 11/29/2012 - 19:51 | 3022295 fuu
fuu's picture

"Catch Honey"

Thu, 11/29/2012 - 13:31 | 3020998 forwardho
forwardho's picture

Fantastic! An agile mind at play.

Thu, 11/29/2012 - 13:15 | 3020907 SheepDog-One
SheepDog-One's picture

'Let's take care of the middle class today'.....thats IT I'm grabbing my ammo and headin for the remote cabin!

Thu, 11/29/2012 - 13:30 | 3020997 Winston Churchill
Winston Churchill's picture

The Pol Pot solution took care of that middle class.

Thu, 11/29/2012 - 13:33 | 3021003 CPL
CPL's picture

They were given executive synergies to leverage and manipulate pick axes to further expand the commodities extraction from the various geological offerings of Cambodia.

 

aka A Mining Death Camp

Thu, 11/29/2012 - 13:15 | 3020908 alangreedspank
alangreedspank's picture

"We're not going to kick the can down the road right now, but we're going to spend billions extending that road so it can accomodate more cans for a longer period!"

Thu, 11/29/2012 - 13:51 | 3021074 Winston Churchill
Winston Churchill's picture

"invest billions".

Politicos never spend,they invest it.

Thu, 11/29/2012 - 14:14 | 3021200 Boris Alatovkrap
Boris Alatovkrap's picture

"Invest Money" is euphemism for "Screw People"

Thu, 11/29/2012 - 13:15 | 3020909 docj
docj's picture

It's really, really difficult to imagine a deeper hatred than that which I have for this fucktard, the Senate Majority (guffaw) Leader.

Thu, 11/29/2012 - 13:21 | 3020947 lakecity55
lakecity55's picture

A prime example of the utterly corrupt political class. Went to DC with 5$ in his pocket, came home with 5,000,000$.

When this bastard dies, Hitler and Stalin had better get out of the  way less he hits them on the  way down.

Thu, 11/29/2012 - 14:16 | 3021205 Boris Alatovkrap
Boris Alatovkrap's picture

Not so fast, Hell is have special place for Stalin. Maybe Reid is assign to clean up Stalin spittle, though. Hitler is have latrine duty.

Thu, 11/29/2012 - 13:27 | 3020981 Renewable Life
Renewable Life's picture

Ohh there is a deeper emotion then hatred, it's called indifference or no emotion at all, which is what I feel for these fucking clowns both Reid and Boehner at this point!! I wish they would both fall off an actual cliff!!

Ahhhhhhh "let it snow, let it snow, let it snow", this is going to be one amusing Holiday season indeed!! What do we got, two weeks before the Christmas break and this lame duck bullshit charade is over, these fucking clowns couldn't agree on drafting a bill, get it voted on in both chambers, in two weeks, if it was about providing orphans with Christmas gift, let alone the fucking debt ceiling!

See you in late January!!!! The big O is warming up his executive order pen as we type!!

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