The US Is Not Egypt But Is Obama About To Go 'Morsillini'

Tyler Durden's picture




 

UPDATE: Senate Republicans block vote on President Obama's debt-limit plan

The Pharaoh-like power-grab of omnipotence that Egypt's Morsi recently pulled seems to have set a precedent among newly 'elected' leaders. This morning, as per Bloomberg, we hear that Obama (and his viceroy Harry Reid) plan to demolish the idea of congressional checks on the debt limit. Incredibly ironic timing - given our previous post (in which Rick Santelli explains why this is a potential disaster), but placing that much unlimited money power in the hands of one man seems like a mistake:

  • *OBAMA PLAN CALLS FOR END OF LAWMAKER APPROVAL OF DEBT LIMIT
  • *REID SAYS SENATE MAY VOTE ON OBAMA DEBT-LIMIT PLAN TODAY

 

Perhaps - though obviously politically biased, Mitch McConnell is on to something (as per National Review):

“By demanding the power to raise the debt limit whenever he wants by as much as he wants, he [Obama] showed what he’s really after is assuming unprecedented power to spend taxpayer dollars without any limit,” McConnell said.

 

“Look: the only way we ever cut spending around here is by using the debate over the debt limit to do it,” he added. “Now the President wants to remove that spur to cut altogether.”

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Thu, 12/06/2012 - 14:19 | 3039795 Lost Wages
Lost Wages's picture

NO LIMIT!

Thu, 12/06/2012 - 14:20 | 3039800 EnglishMajor
EnglishMajor's picture

Laws? We don't need no stinking laws.

Thu, 12/06/2012 - 14:22 | 3039812 Chuck Bone
Chuck Bone's picture

Obamana republic

Thu, 12/06/2012 - 14:24 | 3039826 DoChenRollingBearing
DoChenRollingBearing's picture

Wow, I leave the country for just DAYS, and things get worser and worser and worser.

Hey, but it´s what America voted for...

Forward, Soviet!

Thu, 12/06/2012 - 14:31 | 3039863 nope-1004
nope-1004's picture

Obummer for Osama.

 

Thu, 12/06/2012 - 14:41 | 3039899 TruthInSunshine
TruthInSunshine's picture

Seriously, who is bold enough to believe that there should be any constraint, however procedural and even symbolic, on the King, bitchez?

 

Thu, 12/06/2012 - 14:45 | 3039919 Dr Benway
Thu, 12/06/2012 - 14:59 | 3039984 Raymond K Hessel
Raymond K Hessel's picture

I couldn't be happier until I read the update. 

The quicker we head towards the end, the quicker we can pull ourselves out of this.

I hate the idea of it, but if we just limp along to get along, we'll never blow this place up.

Thu, 12/06/2012 - 15:19 | 3040075 NotApplicable
NotApplicable's picture

"Shall Not be Questioned," bitchez!

Thu, 12/06/2012 - 15:28 | 3040111 Race Car Driver
Race Car Driver's picture

Most folks don't have a clue of what you're talkin' about.

Thu, 12/06/2012 - 15:34 | 3040123 TruthInSunshine
TruthInSunshine's picture

I heard that once you go unlimited fiat printing whore, smoking the roof-less crack, you never go back.

Thu, 12/06/2012 - 18:26 | 3040749 chet
chet's picture

"but placing that much unlimited money power in the hands of one man seems like a mistake"

As I've pointed out here a hundred times, the President isn't in charge of spending.  Congress, the Legislative Branch, is in charge of adopting a budget and okaying the spending.  If there is not enough money to cover it?  Congress is responsible for that too, because they determine taxation.

What happens in the US, and has happened for decades, is that Congress spends more than it has, and then the President has to ask to then to increase the debt limit.  Because they Congress created/perpetuated the debt.

Doing away with the debt ceiling votes (which is basically automatic anyway) would not give the President "unlimited money power."

Fri, 12/07/2012 - 00:19 | 3041682 A Nanny Moose
A Nanny Moose's picture

Seriously, who is bold enough to believe that there IS any constraint, whatsoever?

Fixed. He what makes the gold, makes the rules.

Thu, 12/06/2012 - 14:45 | 3039921 old naughty
old naughty's picture

Ever wonder the two spellings are so alike?

Thu, 12/06/2012 - 15:16 | 3040064 Doña K
Doña K's picture

I have posted this several times. Obama will pull a Chavez before 2016. 

Warnings of take overs are never foreseable. They just happen while you are hugging your children during Christmas or sleeping during a long weekend.

Thu, 12/06/2012 - 14:44 | 3039911 Shameful
Shameful's picture

Now in America's defense it's not like there hasn't been widespread vote rigging since at least Kennedy.  Further it's not like Mittens was different.  At this point all we can do is kick back and enjoy the free fall.  Least now we know the metals are money good as America accelerates towards the wall of reality.  If we are lucky they will burn through money so fast they won't be able to afford a brutal police state, keeping my fingers crossed.

Thu, 12/06/2012 - 14:58 | 3039977 ZerOhead
ZerOhead's picture

If we are lucky they will burn through money so fast they won't be able to afford a brutal police state, keeping my fingers crossed.

Now that's what I call the ultimate Silver Lining to the dark storm clouds gathering on the horizon... or directly overhead if you live in Greece, Spain, Ireland, Italy, Japan...

Thu, 12/06/2012 - 16:18 | 3040309 cxl9
cxl9's picture

If we are lucky they will burn through money so fast they won't be able to afford a brutal police state, keeping my fingers crossed.

Yes. The ability of a government to harass, abuse and oppress the citizens is directly proportional to the amount of money it has, whether that money comes from taxes, oil sales, borrowing, or any other source. That is the reason I feel so much safer and freer living in Mexico than in the United States. The Mexican government barely has enough money to keep itself functioning, never mind building a totalitarian state. Plus, of course, it's difficult to build an estado policíaco when your employees take two-hour siestas.

Things probably don't bode well in the United States. At some point in the last few years, those in power realized that the collapse is now inevitable, and since then they and their friends have been actively looting the Treasury (and by extension the "full faith and credit") of the nation as fast as they can. But the Federal government has so much money and access to such resources that it could probably still build and maintain a police state for a long time. Eventually it will collapse, of course, as all police states do. But not before a lot of people have been beaten, robbed, imprisoned, or murdered by a menacing government, flailing about in its death agonies.

Thu, 12/06/2012 - 14:44 | 3039914 j0nx
j0nx's picture

1 rifle, 2 comrades. FORWARD!

Thu, 12/06/2012 - 14:59 | 3039980 camaro68ss
camaro68ss's picture

the man with the ammo follows the man with the rifle, if the man with the rifle falls, then the man with the ammo picks up the rifle and moves forward.

you must keep moving forward commrads, not one step back. FORWARD, OFF THE CLIFF.

Thu, 12/06/2012 - 15:17 | 3040063 zapdude
zapdude's picture

Call of Duty

Thu, 12/06/2012 - 15:41 | 3040150 LFMayor
LFMayor's picture

I think you mean the Battle of Stalingrad.  There actually was history before the advent of video games, you know.

Thu, 12/06/2012 - 18:09 | 3040692 zapdude
zapdude's picture

Yes of course.  I enjoyed COD largely due to its historical accuracies from the perspectives of American, British and Russian soldiers.

Thu, 12/06/2012 - 14:46 | 3039929 MachoMan
MachoMan's picture

Considering voter turnout, I'm not sure how you can say america actually voted for anyone in particular...  a plurality at best (especially considering the number of real voters was probably materially lower than the number of votes cast).

Thu, 12/06/2012 - 14:53 | 3039956 DoChenRollingBearing
DoChenRollingBearing's picture

MachoMan, I am not sure exactly what you mean here, but let me pass on something I both read and heard.  If we had GREATER turnout, it would have been even more a lopsided victory for the D-Team.  If so, then we have a long grim future ahead of us as the Takers will take from the Producers.

I cannot say for sure, as I have not studied this wrinkle, but it does make some sense.  Comments on this notion, for the education of a Bearing, are most welcome.

Thu, 12/06/2012 - 15:30 | 3040113 MachoMan
MachoMan's picture

I am saying that most americans did not vote for the president...  only a plurality did.  Technically speaking, he is elected according to the requirements of our laws (or, alternatively, no one is going to have a successful challenge), so in this sense, you may say he is elected... 

however, I dispute that the election was anything for americans to be elated about...  there was less of a turnout than 08 and 04...  somewhere between 50% and 60% of americans eligible to vote (significantly less than the number of americans) turned out and voted for the election...  roughly 1 out of every ~3 (probably upper 2.xx range) people in america voted...  to me, this says people do not believe that it is in their interest to bother voting...  of the remaining idiots who did vote, their vote was fairly evenly split, with a slight nod to obama. 

In the end, we're left with 1 out of every ~2.75 folks living in america voting in the election and half of those voting ended up choosing someone other than the president.  Tell me, with a straight face, america elected him...  I think it would be more accurate, substantively speaking, to say that inertia elected him... 

Thu, 12/06/2012 - 15:33 | 3040132 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

election fraud only happens when the candidate with "D" does not win. when was the last time a "D" cared about voter fraud unless the "R" won?

Thu, 12/06/2012 - 18:04 | 3040675 holdingontomypants
holdingontomypants's picture

it wasn't a voter turnout it was a welfare turnout.

My 49 year old former electrician now disabled social security beneficiary brother who had been full blown republican all his life pulled the Rhino act and voted for Obama not once but twice. It took awhile to get him to admit this at last months family BBQ and he probably wished he never shared that with us. He left the BBQ after five minutes of tongue lashing from the rest of the family over his disclosure. Asked why he voted for Obama he said he felt Obama would do more to protect his disability payments. He went on disability 5 years ago after winining a cancer of his throat battle. It did not surprise me as I already knew most welfare recipients voted for Obama for pretty much the same reasons my brother stated.

Thu, 12/06/2012 - 21:30 | 3041293 midtowng
midtowng's picture

Christ. Do you guys bother to read more than the headlines of an article?

A president calling for Congress to do something is NOT a power grab.

Whoever wrote this article needs to apply for a job at Fox News.

Thu, 12/06/2012 - 16:02 | 3040239 zerozulu
zerozulu's picture

Laws are for pussies.

Thu, 12/06/2012 - 14:23 | 3039803 Looney
Looney's picture

The US Is Not Egypt But Is Obama About To Go 'Morsillini'?

Sure! Go muslim all the way! ;-) And also make the Supreme Court handle traffic tickets! ;-)

Looney

Thu, 12/06/2012 - 14:50 | 3039908 caconhma
caconhma's picture

Please don't compare Egypt and America.

Morsi (who by the way has an American citizenship) miscalculated Egyptians. He assumed that they are passive and stupid like his fellows Americans.

There in Egypt, people have learned to fight and die for freedom, democracy, and changes and are not afraid of their secret police, army, and torture prisons. In America, people will have to learn to fight and die for their freedom. It is not known yet that Americans will be able to do it. After all, America is a Zionist-controlled colony with a Kenyan ruler in charge.

 

 

Thu, 12/06/2012 - 15:43 | 3040156 LFMayor
LFMayor's picture

Yeah, those rape squads with their dirty little brown dicks are JUST LIKE Adams, Hamilton and Jefferson!  Patriots, all!

Thu, 12/06/2012 - 16:13 | 3040289 TonyCoitus
TonyCoitus's picture

Walk like an Egyptian Bitchez!

Thu, 12/06/2012 - 14:36 | 3039880 LongSoupLine
LongSoupLine's picture

here's the difference:

 

Morsillini = rioting in the streeets and storming of the presidential compound.

Barry O = "We should riot...right after I cash in my SNAP and watch X-Factor.

 

We are completely fucked because this country got what it voted for...a mirror image of the majority voting base.

Thu, 12/06/2012 - 14:44 | 3039916 SV
SV's picture

Might as well go no limit because you're sure as heck not going to run it on 8 days of revenue.

Thu, 12/06/2012 - 15:28 | 3040112 youngman
youngman's picture

CNBC did a survey this am and they found that 30% of the people didn´t even know what the term fiscal cliff was......so Obama´s tax the rich will work for them...they have no idea what is going on...unfortunatly they can vote

Thu, 12/06/2012 - 15:46 | 3040171 astoriajoe
astoriajoe's picture

so 70% had some idea? I find that unlikely.

Thu, 12/06/2012 - 16:13 | 3040292 object_orient
object_orient's picture

The 70% knew it had something to do with a "fiscal" or a "cliff."

Thu, 12/06/2012 - 18:44 | 3040808 BraveSirRobin
BraveSirRobin's picture

 I pledge allegiance to Barak Obama, and the hope and change for which he stands, one nation, under Obama, with spreading around the wealth and redistributive justice for all

Thu, 12/06/2012 - 14:20 | 3039798 Xibalba
Xibalba's picture

All hail King Kong!  

Thu, 12/06/2012 - 14:21 | 3039805 mrktwtch2
mrktwtch2's picture

THIS PRESIDENT IS GOING TO GET  A HEART ATTACK IF HE KEEPS GOING DOWN THIS PATH..LOL.

Thu, 12/06/2012 - 14:22 | 3039808 Dr. Engali
Dr. Engali's picture

Fucking spend it! Turn the debt creation up to ludicrous speed, and let's see what this bitch can do!

Thu, 12/06/2012 - 14:24 | 3039820 inevitablecollapse
inevitablecollapse's picture

Ludicrous Speed!  http://youtu.be/ygE01sOhzz0

Thu, 12/06/2012 - 14:28 | 3039847 Overfed
Overfed's picture

What the hell do we have, a Quisinart!?

Thu, 12/06/2012 - 14:53 | 3039960 bigdumbnugly
Thu, 12/06/2012 - 18:21 | 3040735 XitSam
XitSam's picture

Wow, the driver has all that safety gear on and she .... hey ... oh.  Nice.

Thu, 12/06/2012 - 14:24 | 3039824 t_kAyk
t_kAyk's picture

Just crank it up to plaid, maybe if we hit the cliff fast enough we can jump the gorge. 

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