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Cliff-On Or Off As Obama And Boehner Take Turns Again - Live Webcasts
S&P 500 futures are at 1412 as our leaders address the nation (or each other)...
Obama's Approach...
Boehner's Rebuttal...
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clap sheeple muppets, clap.
The Obama zombie clap
It's all pops & buzzes from here.
Oh please, it's "Cliff Off". Who are they kidding? The whole thing is political theater. In order to believe that it's "Cliff On" you have to pretend that the Republican party is the party of "fiscal responsibility" like it says in their propaganda. Everyone knows that the US has one-party rule that comes in two mildly-different flavors. The Republicans are no more able to spend responsibly than Obozo. They'll talk about "making cuts" for a while, just to give everyone the idea that there's an ideological difference between the parties, but in the end they'll fold like a cheap suit because both parties are filled with spend-happy political whores.
Save yourself the anticipation. It's "cliff off". Both parties can't wait to resume spending money they don't have.
I am surprised that ZeroHedge and its readers are even talking about "Cliff Off".
It is a Kabuki theater. At the end, the Congress will cut government expenditure in 2025 and, in a mean time, FED will print more funny money. It is all. There is no any mystery. The ending is well known in advance.
Look into Modern Monetary Theory, you'll understand Obama more...
Masturbatory Monetary Theory, its why central bankers don't have children.
shouldnt our lord and savior get back up on that cross?
We're running a bit low on wine too!
pods
would that be M.D. 20/20?
notice the box behind bummer stamped TOYS? the infantilization of citizenry reinforced in inane nanny state speeches.
Obammy got his jacket off. Shirt sleeves are up. He's ready to do work for the American people..... which doesn't include upholding the law and prosecuting white collar crime, but anyway, he's ready to do that work! I'll wait and watch until he picks up a hammer and starts building a Chevy volt.
I suppose a racist comment would appear here on some websites.
You mean like NWA?
it's all the evil white people's fault! white people had to go fuck everything up for everyone.
http://nlpc.org/stories/2012/11/29/obama-set-unleash-lawsuits-mandate-ra...
"It is set to become more defining in his second term, especially in light of a federal appeals court ruling two weeks ago. Obama, by various accounts, wants to be more aggressive about suing banks, employers, schools and other institutions whose practices, however unintentionally, adversely affect "disadvantaged" (read: nonwhite) populations. This is the doctrine of "disparate impact."Attorney General Eric Holder (see photo, to the left of Obama) already has used it to extract hundreds of millions of dollars in settlements from Wells Fargo and other major banks. Its widespread application is further evidence, as if any more were needed, that "civil rights" has become a well-organized shakedown racket."
just cause i'm white don't mean i'm not black. you follow?
Indeed, you and me both.
Locally we had a story about how a Kroger was closing a store on MLK blvd. And how much it would impact locals. Local leaders were going to talk to Kroger execs to make them keep it open, blah blah blah.
Comment by the exec was that the store in question has not turned a profit in 10 years no matter what they did.
I guess wanting a profit is racist now?
Or are supermarkets now simply non-profits that sell food instead of give it away?
pods
All they had to do was:
1) put in a half dozen or so of those rotisserie chicken roasters.
2) grape-drank and oran-pop stocked up.
3) profits!
Same thing happend here in the 'Lou... Schnucks Stores owners couldn't make a profit and every day it rained or snowed they'd have half a dozen people "slip" and fall in their entry way and sue them.
I guess that oft-imitated corporate competitive model of opening loss-leader stores near their rivals to draw business away isn't quite the note we're hitting in the circle-the-drain "downturn" - wonder where the locals do shop?
you mean like "Fear of a Black Planet" type NWA?
Oh.... the other NWA.
Hate to split hairs, but that's Public Enemy. NWA was more "Fuck tha Police".
You got me man... I'm even more white bread than Vanilla "Robby VanWinkle - OG" Ice.
He has already picked up a hammer...and a sickle
don't be hatin' on the black man
I don't hate him because he's black, I hate him because his heart is.
Dude, his DOJ doesn't prosecute blue collar crime, either! They are colorblind!
Classic ZH: it is like the Brady Bunch split screen.
Boner verses O'boner. Would the best bone, leave my butt alone.
Boner verses O'boner. Would the best bone, leave my butt alone.
That's the entire point, THEY will not.Matter of fact it get's worse by the hour.No live and let live,follow the 235yrsr + laws of the land,it's a frigging coup.
And we just THOUGHT they were against slavery!!!
The Progressives were never against Slavery. They were against not having power and control over the way things were ran. They took the Abolitionist movement and distorted it to their own benefit. They are not against slavery so much as they are against there being slave owners other than themselves.
They are Leninists of the worse kind, because they hid behind the Liberty groups for nearly a century in order to destroy it.
He's got his sleeves rolled up. Must mean business now. I want my phone.
When one is unwilling to actually work to earn that weekly paycheck one is obligated to at least put on a show of work-like activity.
<Thus all the useless political eaters talkers.>
What the hell is obama running for now?
Pretty sure if he wants to be "head of the union" it is his for the taking in 4 years and 2 months, until then why doesn't he go to work and quite fucking campaining.
Good theatre. Let's distract everybody from the REAL problem.
Cliff Clavin on the cliff
the black prezz wants to kill or starve 100 mill white people....it's that simple
yes, you are, apparently.
Now I know what all the Nascar fans are jonesing for: They watch simply for the crash.
That's all I'm wanting to see now too. The crash.
it's like a drug!
with really bad side effects
Pig men have a new term for the inevitable do nothing fiscal cliff can kicking scam, "the baby grand bargain."
Im so sick of this fucking subject...both these assholes can kiss my ass, tired of both democrat and republicans!
bread and circuses bitchez!
See you December 21 when you decide to announce what we all know is going to happen. More money printing.
BTW that is also the Mayan calander date for when the world changes.
Lol
I'll pass out cold in my cereal, if Boehner gets another blank check bill, out of the House by Dec 21st!!!!!!! But who knows, they only need 40 republicans to defect and Nancy coud get her day!!!
Hold on Mr President...I thought if Americans were not spending on Chinese consumer crap they were saving to make up for government's broken promises on Social Security.
How is that a bad thing?
No YoY increase in debt=Crash.
pods
There is a solution to that. Just get Al Gore to start a morality deficit futures exchange. Instead of increasing money via debt instruments you replace it with money created from corruption.
I'm happy he has such a strong mandate, as Congressional Democrats are saying !
You lost Boehner, time to kiss ass.
The more I hear this guy speak, the more I'm convinced he's a sociopath.
As opposed to all the non sociopath politicians?
He should bring Buffet out in leather ass cheekless garb and whip him around the stage as he speaks. The key to a successful speech is using metaphors. I learned that at a conference at the Holiday in Newark airport 10 years ago.
Ohhhhhhhh my god, I'm laughing so hard I can't type!!!! That was the funniest mental image I've had in a long time!! Thanks
I am a fan of analogies. Our current one at work is that we are living the movie The Bad News Bears if you play it backwards.
Guess you could apply it to the country as well?
pods
So we're the karate guy getting nut-sacked off the top rope? Wait, sorry, that was the 2nd movie, "The Bad News Bears go to Japan".
Feels like that, though.
I was thinking more clockwork orange run sideways. The old are trying to brainwash the young and the young will strike out possibly in psychotic malicious ways.
I was going to go with a sober'd up Walter Matthau increasingly drunken as his team/kids deteriorate - but a quick search threw up *cough* yet another remake, with Billy Bob - one can only imagine how the story goes. . .
but in the end, yeah, that most likely works as a metaphor - go team!
I'm crying, I'm laughing so hard now!! That would have went along nicely with his jacket off and sleeves rolled up imagery he already was going for!!
Not to mention the priceless and timeless "post racial" full circle imagery it would have been to see a fat, aging, billionaire white guy, in ass chaps, being whipped by our black President!! After that a whole generation of black and Latino kids could see themselves differently!! Victimization will be over, they will have become the fucking "Man"!!!!
Ohh damn it that was funny!
Oh down arrow motherfucker, are you serious, I was joking Saturday Night Live/George Carlin style, you no sense of fucking humor, stick in the mud assholes!! Don't worry, we already know in this Country, we could elect a Black, Asian, or Latino President for the next fucking 60 years straight, and it won't make up for slavery and manifest destiny having occurred!! I Know, it's the fucking subject that can't be laughed about, talked about, acknowledged, or moved beyond..........unless your a black comedian or entertainer, then you can make millions laughing about it on Comedy Central, Fox, and every fucking stand up show all day, then slavery is the fucking funniest thing anyone's seen! Otherwise, your a racist, your fired, and shut the fuck up, right?
Lighten up people, or start mining diamonds from your tight puckered asses, to make up for it!
Paying people not to work is fair and responsible. ;)
No sound here. Probably for the better :-)
Sheesh, I hit pause as soon as the page loads. I get the cliff's notes version from commenters.
pods
"Honey? We cannot keep dropping $2000 bucks a month on the credit card. Anyway we can trim some stuff cuz our credit is going to be hurt really badly and our house could go into foreclosure if we miss payments?....it's not like I can just print money in the basement."
"Well, I will tell you what. I will knock off a couple hundred a month by not going to the hair salon so we should be good from there, ok?"
"So go from spending $2000 a month to $1800......ummm....."
How does everybody realize what "else" is in this agreement passed by the Senate? There's a reason the Health Care bill is over 2,000 pages long, its contains so much crap that has nothing to do with Health Care, just as this does. Im am going crazy with all these Obama followers that think he is Jesus Christ.
Long hopium.
Get Boehner on, my shorts need payday.
The jacket comes off, the emporor has no clothes. He continues perpetuate the myth that his plan will save the middle class; when in reality it will further enslave the middle class. The financial elites are controlling the puppet's string; increase the tax on the rich (this will not impact the wealthy in the least), keep up the entitlements (these are the sheeple that voted for him), and lower corporate tax rates (this will allow the wealthy to increase their incomes even more). We have been off the cliff for years now, the trashing of the dollar by the Treasury and the Fed has provided an updraft to prevent the economy from entering terminal velocity and crashing. Though we are still falling and getting close to the flames. Ask anyone in the U.S. if prices have gone up in the last 4 years?
The cliff was years ago, and it was more like Mt. Everest. Right now, we're just hitting the bumpy part on the way down off the summit.
But as I learned a long time ago, what goes up must come down.
As my son would say as he watches the Little Einstein's getting ready for their mission... "Hold on tight 'cuz here we goooooooooo!"
When he says middle class, read double paid and double pensioned government workers that produce little.
S&P up 5 on back of Obama chats to crowd scene.
S&P is back up in anticipation of a drop during Boehner's response. This way bad news is good news as a selloff tests support levels prompting a new algo buying frenzy.
The Demos are in the driver's seat, as the Fiscall Speed Bump, should the gov do nothing, will result in the higher taxes and cuts in defense spending that they want. The only downside is some cutting of social spending, but it's a drop in the bucket, and the Dems won't have to take any heat on it from their constituents in the future. They get credit for doing the right thing.
Obama's foreplay hasn't worked as of 12:32 EST. , i.e. no Boner.
Cliff? Jump!
SP 1414.
The algos are all waiting to buy a cliff resolution and the humans are all waiting to sell it lol.
Tomato Man says yes!
"Almost nowhere"- Mr. Tang
Boehner.. Boehner.. Boehner..
http://youtu.be/NP0mQeLWCCo
Anyone else getting deja vu? I hear d the same he said, she said yesterday.
Now that everyone's gone short on Boehner's "we're almost nowhere" comment, it's probably time for Kevin Henry to fire up another stop hunt.
cut the budget to 2001 level, rescind all legislation post 2001 that requires spending and fire everyone hired with new Federal spending since 2001.
so when do we get our bread?
I want my cake
and edith to
Boehner comes out and says Obama and Democrats are NOT serious, NO deal!! Where are the headline reading algos?? Market actually improved on the release. Could those running this corrupt system be anymore obnoxious??? Ben is now safe guarding any chance of a pullback. Until the boys in charge decide their shorts are nicely in place!
As I've alwasy said, this casino is 'news proof'.
News have no effect, none whatsoever on the the market, zero, zilch, nada.
The reality is that the Primary Dealers have become the greater fool and have only one option left:
Push the buy button with Fed's money until the casino runs out of chips (stocks).
The Barry-Boner shit show again.
Im sure Boner got his fudge packed last night and Barry was the packer.
Its the same shit every day, just going down a different toliet.
So let's see, we're going to have negotiations on the fiscal cliff except each side has given the other the ultimatum that they will not accept the one thing the other person wants to do.
Ready, set... twiddle your thumbs!!!!
What's frustrating is all of these clowns in CONgress are making over $150,000 per year (just in salary) to carry on this charade.
The Speaker, aka Mr International Lobby (Goldman Sachs, Google, Citigroup, R.J. Reynolds, MillerCoors and UPS), second in line to Presidency, makes $223,500. He can earn another 15% from other sources, has up to 21 staff aides earning up to $156,848 each ($3.3 M total). He can cut staff and use that money plus expense allowances that include free mail, gym restaurant, travel. He can retire at any age after 25 years seniority, or after 62 with five years, at 80% of final salary, while the current Speaker advocates delaying Social Security Retirement age to 70 without means testing. But the real money was funneled in by AT&T, Murray Energy, First Energy, SLM and Paulson Corps (some $21 M this campaign) plus hundreds of millions from tax-exempt 501 (c) orgs to the Party:
http://en.wikipedia.org/wiki/John_Boehner
http://hobnobblog.com/congress-by-the-numbers/pay-and-perquisites-of-mem...
http://www.opensecrets.org/politicians/summary.php?cid=N00003675
http://www.irs.gov/pub/irs-tege/eotopicl03.pdf
The President, funded my the same international lobbies, draws a $400,000 salary, plus free room and board, free travel on Air Force One and 20 day multi-million dollar family vacations to Hawaii, India, Spain andother exotic locations with aides and security.
What was that in our Constitution about no foreign emoluents that was watered down?:
http://ofacp.od.nih.gov/ethics/pdfs/EmolClause.pdf
More unproductive idiot vandals who can't comprehend, read or think and have no assets or income to protect, allowed to misuse red markers on the internet psyop...
Will stock outperform PM again today? This year? Will the US$ finish the year much stronger than it was at the beginning? I can't wait to find out if all the pundits were wrong ... again.
Does anyone else get the immediate urge to scream or punch someone when you see a politician's picture?
GOP needs to shut up, and refuse to co-operate period,let HIM and them OWN it.Allow them to do what they are going to do anyway, leave their finger prints off 100%.
All the indigents that put this clown back in, cannot blame anyone for whats next, they OWN IT.
All the Americans that put these political clowns in office for the past 30 years cannot blame anyone for whats next, they OWN IT.
Give a man some money and he'll be paid for a day
Teach a man to print money and he'll be paid for a lifetime
(Instead of all the bullshit QE and deficit shit and debt cliff crap we really should have just given every household in the US a computer w/ a printer so they could just print their own stimulus dollars and buy, buy, buy - I mean really, what difference does it make any more how much the debt is. It'll never be paid down - some other grand write off program will have to occur.)
These pieces of shit get to frontrun every pronouncement. They get off the phone with their brokers, and proudly step up to the mike.
dude, it's like television - the most you can do is touch the screen while watching your show unfold.
or wise up, turn it all off, go outside.