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Boehner's Briefing (Following Pelosi's Pounding) - Live Webcast

Tyler Durden's picture




 

Nancy spoke and markets followed her words down. Will Boehner be the bright shining light of compromise and positivity that so many are hoping for? (So far his record is 4 sell-offs and 1 rally) It appears going in to the speech that the market is anticipating less-than-compromise... We will see at 1115ET - live-stream below...

 



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Thu, 12/13/2012 - 12:14 | 3059607 VisualCSharp
VisualCSharp's picture

Can a man be any oranger (more orange)? LOL

EDIT: Who's oranger: Tanzillo or Boner?

Thu, 12/13/2012 - 12:17 | 3059641 otto skorzeny
otto skorzeny's picture

that has something to be with being the spawn of Satan

Thu, 12/13/2012 - 12:20 | 3059660 francis_sawyer
francis_sawyer's picture

Oompa Loompa Doopidy Doo...

Thu, 12/13/2012 - 18:19 | 3061014 eatthebanksters
eatthebanksters's picture

l love the title of this article...perhaps though it could have said 'Boner Pounds Pulossy!'

Thu, 12/13/2012 - 12:21 | 3059667 machinegear
machinegear's picture

Satanulatto?

Thu, 12/13/2012 - 12:47 | 3059791 TruthInSunshine
TruthInSunshine's picture

That Boehner....looks stiff & rigid. What a dick.

 

/no more dick jokes.

Thu, 12/13/2012 - 13:16 | 3059912 francis_sawyer
francis_sawyer's picture

awwww come on, it's the holiday season... one more for the road...

~~~

http://www.youtube.com/watch?v=0B4suxQVUAQ

Thu, 12/13/2012 - 12:20 | 3059645 LawsofPhysics
LawsofPhysics's picture

Maybe he has finally figured out that the Fed owners have sold him down the river as well.  Glad I bought the 30 year, thanks Ben.  Get what you can from the criminal enterprise, before they shut it down I guess (if they have the balls to shut down the real criminals here and revoke their charter - End The Fed).

Thu, 12/13/2012 - 12:33 | 3059730 williambanzai7
williambanzai7's picture

MERRY BOEHNER

Thu, 12/13/2012 - 12:43 | 3059775 francis_sawyer
francis_sawyer's picture

Where are the tears?... (Is that represented by the snow)?...

~~~

He actually looks more like the Notre Dame Mascot...

Thu, 12/13/2012 - 12:48 | 3059797 Colonial Intent
Colonial Intent's picture

Is he the confidence fairy?

Thu, 12/13/2012 - 12:50 | 3059809 ptoemmes
ptoemmes's picture

Speaking of Christmas (Holiday) cards from helpful gummint people...that has to be a targert rich envrionment...

Thu, 12/13/2012 - 13:40 | 3059990 DaveyJones
DaveyJones's picture

he specifically picked out the orange tie to go with his complexion. He's thinking of starting a whole wardrobe line called "burnt out and fake."

Thu, 12/13/2012 - 12:13 | 3059611 bnbdnb
bnbdnb's picture

Now we are front-running speeches? This is so fucking stupid.

Thu, 12/13/2012 - 12:17 | 3059614 NoDebt
NoDebt's picture

Do people still listen to Republicans?

Democrats talk, market moves.  Republicans talk..... not so much.

Thu, 12/13/2012 - 12:30 | 3059698 LawsofPhysics
LawsofPhysics's picture

That's a good sheep, don't bother to look behind the curtain, for if you did, you would notice that the majority of their funding comes from the same sources.  Left... right... left... right...  forward to the slaughter house.

Thu, 12/13/2012 - 13:42 | 3060003 DaveyJones
DaveyJones's picture

mother should I build the wall

Thu, 12/13/2012 - 15:52 | 3060540 koncaswatch
koncaswatch's picture

naw... just get comfortably numb

Thu, 12/13/2012 - 13:49 | 3060029 Silent Running
Silent Running's picture

No left or Right. Only Up and Down. Guess what position you hold.

Thu, 12/13/2012 - 12:14 | 3059620 Spanish Lizard
Spanish Lizard's picture

Question is will he tell us anything we don't already know?

Thu, 12/13/2012 - 12:15 | 3059623 koaj
koaj's picture

what a big fucking waste of time and money and energy and attention paid to these stooges

same as it always is...no spending is cut, no taxes are raised...just print away

Thu, 12/13/2012 - 12:15 | 3059628 mrktwtch2
mrktwtch2's picture

i had a nice boner last night..but used my lady to get rid of it..lol

Thu, 12/13/2012 - 12:16 | 3059631 eatthebanksters
eatthebanksters's picture

What's the more appropriate word to describe Nancy Pelosi:  twat or cunt?

Thu, 12/13/2012 - 12:23 | 3059647 otto skorzeny
otto skorzeny's picture

how bout "twunt"-can be used in their presence without eliciting rage. the beauty of those words on their own is that there is nothing women can call men that carries the same power-it's the verbal equivalent of a haymaker.

Thu, 12/13/2012 - 12:39 | 3059747 Colonial Intent
Colonial Intent's picture

Over here in UK twat means idiot, cunt means a nasty person so your spoonerism works in the UK, 'Twunt' would be a 'stupid cunt' will try it on what friends i have left and let you know if i get a broken nose.

Thu, 12/13/2012 - 12:21 | 3059663 Taterboy
Taterboy's picture

Sadly she doesn't melt like the Wicked Witch of the West.

Thu, 12/13/2012 - 12:50 | 3059804 Colonial Intent
Colonial Intent's picture

Use better acid.

Thu, 12/13/2012 - 13:57 | 3060062 1100-TACTICAL-12
1100-TACTICAL-12's picture

she has no reflection either..

Thu, 12/13/2012 - 12:21 | 3059665 The Gooch
The Gooch's picture

yes.

Thu, 12/13/2012 - 12:29 | 3059697 H E D G E H O G
H E D G E H O G's picture

how about "scrotum sucking rat bitch"?

Thu, 12/13/2012 - 12:18 | 3059646 slaughterer
slaughterer's picture

As long as it is not a "joint announcement" this is bearish.

See Orange Man without Black Man holding his hand = SELL  

Thu, 12/13/2012 - 12:29 | 3059700 nope-1004
nope-1004's picture

lol...... What do you get when you mix orange and black?

Thu, 12/13/2012 - 12:31 | 3059719 cossack55
cossack55's picture

Screwed

Thu, 12/13/2012 - 14:37 | 3060177 Taffy Lewis
Taffy Lewis's picture

Orange and black are Halloween colors. How fitting.

Thu, 12/13/2012 - 13:23 | 3059941 James-Morrison
James-Morrison's picture

There is an orange one that won't accept the black one 
That won't accept the red one that won't accept the blue one 
And different strokes for different folks 

 And so on and so on and scooby dooby doo-bee 


Thu, 12/13/2012 - 12:20 | 3059654 Dr. Engali
Dr. Engali's picture

Good Lord will these people please just sut up?!  Politics...theater for the ugly.

Thu, 12/13/2012 - 17:06 | 3060848 DaveyJones
DaveyJones's picture

and that's just their looks. if we're talking their soul, it's the really ugly

Thu, 12/13/2012 - 12:20 | 3059655 LFMayor
LFMayor's picture

fucking ken doll.

Thu, 12/13/2012 - 12:22 | 3059668 Inthemix96
Inthemix96's picture

Boehner you perma-tanned cunt.

Take your orangey coloured face and fuck off, no-one believes a word you cry about you pathetic excuse of a human suit.

Its about time this shit-show ended.  Seeing disengenious fuckers like this two faced bastard has reached fuck off stage.  Why dont they all fuck off and leave us alone.  Someone help this fucker from his crying mortal coil, please.

Thu, 12/13/2012 - 12:25 | 3059675 odatruf
odatruf's picture

Easy there fella.  Don't push some lines too hard....

Thu, 12/13/2012 - 12:42 | 3059699 Dr. Engali
Dr. Engali's picture

It's not revenue growth you clown....call it what it is...... theft.

Thu, 12/13/2012 - 12:31 | 3059717 blunderdog
blunderdog's picture

Why does he keep saying "spending" and not saying "Social Security and Medicare"?

It's almost like he doesn't want people to understand what the real problem is.

Thu, 12/13/2012 - 12:41 | 3059737 LawsofPhysics
LawsofPhysics's picture

How much are we spending on the military industrial complex again?  < sarc on > yeah, it's all those social programs that are the problem, especially those programs that people have paid into and are still paying into. < sarc off >

 

Tell me blunderdog, who enables the spending?  End the Fed you dumb fuck, that is the real problem.  I wonder why none of these elected officials want to talk about that?  You have owners dipshit, if that interest dosen't keep coming they are going to take any and all physical assets that the U.S. has, now what the fuck are you going to do about it?  Boy, the cognative dissonance is strong today in the sheep.

Thu, 12/13/2012 - 12:41 | 3059768 adr
adr's picture

The military spending is at least partially constitutional. SS, Medicare, Welfare and the rest of the $2 trillion per year social welfare complex, not so much.

Should we stop spending money on the military and dedicate all that cash to feeding the welfare zombies? Might postpone the collapse of SS for about a year or so.

Thu, 12/13/2012 - 12:45 | 3059790 Colonial Intent
Colonial Intent's picture

Pray tell, what happens to the value of the USD once you cut back from 12 carriers to 6?

Apparently the US military still thinks it can fight two land wars at the same time.

US mil Spending is'nt just a sacred cow it gives the USD a competitive advantage.

Thu, 12/13/2012 - 12:56 | 3059837 LawsofPhysics
LawsofPhysics's picture

Correct, the underlying structural problem has everything to do with energy.  The U.S. military is far and away the largest consumer of energy.  Gee, I wonder if all that energy could be put to better use?  Stupid sheep, no surprise the U.S. labels countries the way they do, especially when these countries won't exchange dollars for oil.  Stupid sheep, let them be slaughtered.

Thu, 12/13/2012 - 13:17 | 3059918 Colonial Intent
Colonial Intent's picture

Sod the FED, audit Ghawar.

Thu, 12/13/2012 - 12:50 | 3059815 LawsofPhysics
LawsofPhysics's picture

well over 6 trillion in military spending since 2000, the we know of...  Good luck, that which cannot be sustained, won't be.  The underlying structural issues will bring this shit-show down soon enough.

Thu, 12/13/2012 - 12:41 | 3059771 blunderdog
blunderdog's picture

Sorry, I was distracted by all the profanity.

Did you have a point?

Thu, 12/13/2012 - 12:42 | 3059778 LawsofPhysics
LawsofPhysics's picture

Answer the question then, who enables the spending?  Waiting.......

Thu, 12/13/2012 - 12:56 | 3059838 blunderdog
blunderdog's picture

Congress does.  I realize this isn't the answer you were fishing for, but it happens to be the truth.

Thu, 12/13/2012 - 13:08 | 3059851 LawsofPhysics
LawsofPhysics's picture

LMFAO!!!!    Riiiiiiigggghhhhhtttt, tell me, who do you think is buying those 30 year treasuries today (which is what really decides what the cost of capital will be for congress and the taxpayer)?  Get a dictionary, look up enabler.  You are halarious!!!!!  Bah ha ha ha ha ha!!!!

Congress controls the purse strings, but "markets" set the cost of capital.  Come on sport, tell me, do you really think the current treasury yields reflect a free market and true price for capital?   Man, you sheep are going to be slaughtered.  Your statement would be true if the treasury coined the money itself.

Thu, 12/13/2012 - 13:12 | 3059888 i8emallup
i8emallup's picture

Congress could end the fed.

Thu, 12/13/2012 - 13:16 | 3059916 LawsofPhysics
LawsofPhysics's picture

Exactly,  and the Fed could call in all their loans, like any other private bank.  This is the war that must be waged, as we all know the "loans" are fruadulent. Sorry, I don't see anyone in congress with the balls to do it, especially since when anyone has this conversation they are immediately labelled a "crackpot".

Thu, 12/13/2012 - 13:21 | 3059930 blunderdog
blunderdog's picture

You sound a bit infantile on this subject, bro, which is weird 'cause I know you're an old fart.

Once Congress ends the Fed, you realize THEY WILL TAKE OVER monetary policy, right?  "Ending the Fed" doesn't fix any FISCAL problems.  It's FISCAL problems that are killing us, and Congress refuses to address them.

So what do you think is going to happen when you give the same organization that's currently maintaining our existing FISCAL policy direct control over MONETARY policy?

You think they're suddenly going to decide that BOTH policies need to be changed dramatically?  Really?

I'm baffled that you can't seem to understand this.

Thu, 12/13/2012 - 13:33 | 3059967 LawsofPhysics
LawsofPhysics's picture

Wrong on so many levels, I don't have time to educate you, but the simple summary is that the real underlying structural problems have more to do with the disrepect for capital and resources that both parties promote, primarily through the Fed's intervention and unique ability to print and steal the value of everyone's labor.  You still haven't answered the question regarding the true cost for capital creation and you are ignoring the interest being paid to the Fed (a very real fiscal issue that you wouldn't have without the Fed).

Fundamentally, any valid unit of monetary exchange represents real work.  In the real world, it takes energy to get any real work done.  It baffles me that you can't connect the dots as to why the Fed and zero interest rates are beyond stupid.

But, this is a typical response from those who have enjoyed comfortable positions paper-pushing their whole life.  There is a major shift in the capital flows and precisely what is being exchanged for real work around the world.  It's happening right now and a lot faster every since bernanke spoke.

Good luck blunderdog. The Fed is slitting it's own throat, but it's by design, and the real owners, will still desire getting paid what they are owed.  The last such paradigm shift occured in 1912.

Thu, 12/13/2012 - 13:55 | 3060055 blunderdog
blunderdog's picture

Yeah, I get it, you're real big on the abuse, but you haven't demonstrated you know what you're talking about.

The Constitution grants CONGRESS the power/authority to control currency for the USA.  If the Fed is eliminated, Congress will resume its duties and will CONTINUE deficit spending.

But rather than having to use the Fed and the banking system to buy bonds, they'll just SKIP the existing "check" on government money printing and print the money THEMSELVES.

The problem is that revenue is tanking (because we're 4 years into a MASSIVE global depression) and government spending is increasing. 

It doesn't matter that this is currently "enabled" by the Fed.  What matters is that Congress is GOING TO continue to deficit spend regardless of what steps it has to take to do so.

Thu, 12/13/2012 - 14:06 | 3060078 LawsofPhysics
LawsofPhysics's picture

Wrong again.  There was a mechanism to keep them in check!!! (With or without The Fed), the "check" was a transparent bond market.  Spending does indeed slow when yields rise (or use to), once this mechanism is broken, the underlying currency dies.  If they continue deficit spending from here, the currency is dead and so is any "wealth" in federal reserve notes.

Thu, 12/13/2012 - 14:16 | 3060112 blunderdog
blunderdog's picture

So you've never heard of greenbacks or treasury notes, huh?

History.  Check it out.

Thu, 12/13/2012 - 14:19 | 3060121 LawsofPhysics
LawsofPhysics's picture

Yes, both are dead.  Thanks for helping.

Thu, 12/13/2012 - 14:31 | 3060153 blunderdog
blunderdog's picture

Congress enacts laws.  They don't have to follow any they don't like--they can and will CHANGE THEM.

The only reason the bond market is currently important is BECAUSE of the Fed.

What do you think killing the Fed accomplishes?  Skyrocketing interest rates, huge growth in debt service...and....

Then what?

Thu, 12/13/2012 - 14:43 | 3060205 LawsofPhysics
LawsofPhysics's picture

In the absence of a stable means of exchange, what any CONgresse does will become irrelevant (one thing history is very clear about).  What comes next you ask?  Default.  (or WWIII) Try and keep up blunderdog.  We have seen another superpower in the exact same position not so long ago.  Tell me, what happened to the Soviet Union (no longer exists as a sovereign, and neither do it's debts)?

Thu, 12/13/2012 - 14:55 | 3060275 blunderdog
blunderdog's picture

You're living in a fantasy-land, which is certainly a popular residence these days, but your belief that it makes you some kind of genius is amusing.  Don't think for a second I'm not "keeping up" with you.  I just see right through you.  You don't have a rational analysis, here.  You have a lot of bluster and a lot of wacky assumptions.

This has ALL HAPPENED BEFORE, and accelerating the process isn't going to improve anything. 

What would ACTUALLY happen is Congress would start issuing its own currency (to pay entitlements and salaries) through the Treasury, the other major currency providers (the Eurozone/China/UK/Australia) would ALL jump on the same bandwagon, and all currencies would continue to inflate.

Nothing would play out any differently than it is now.  "This time" isn't different.

Thu, 12/13/2012 - 15:32 | 3060453 LawsofPhysics
LawsofPhysics's picture

Everyone is already printing, until they aren't.  Will be interesting to see what your response is to a gold/oil-backed basket of asian currencies and the less than 30% of the world's trade is conducted in FRNs.  England has been here before, America hasn't.  Again, good luck.

Thu, 12/13/2012 - 16:36 | 3060714 blunderdog
blunderdog's picture

     gold/oil-backed basket of asian currencies

That'll have to happen, of course.  Until it happens, you're just spouting rubbish.  Hey, isn't Mexico going to release a silver-backed currency any day now?

A new currency IS what's coming.  Just don't hold your breath.  The CBs can stave it off for quite awhile.

Thu, 12/13/2012 - 14:40 | 3060195 Nick Jihad
Nick Jihad's picture

I have to agree with blunder - sure the Fed enables congress, but if the Fed were abolished, congress would create another way to monetize debt. The bottom line is that the 47% outvote the 25%.  State politicians are disciplined to the extent that the 25% can move to a different state. The feds could not care less what state you move to.

Thu, 12/13/2012 - 14:45 | 3060215 LawsofPhysics
LawsofPhysics's picture

"congress would create another way to monetize debt."

--------------------------------------

And real capital, wealth and talent will go elsewhere.  See my comments above.  Tell me, what's the fed gonna do when I move to another median of exchange.  

Thu, 12/13/2012 - 17:24 | 3060894 JimBowie1958
JimBowie1958's picture

They will tax you in that other medium of exchange the same way they have rigged up other ways of taxing things like barter and local currencies.

You cant get away from the bastards so easily.

The hanging tree is fast becoming the only option left.

Thu, 12/13/2012 - 17:30 | 3060907 blunderdog
blunderdog's picture

More realistically, if someone isn't worth over $250 million and/or isn't controlling more than $20 billion in assets, they'll never even notice.

One guy going to run off to Belize or Honduras and do all his transactions in wampum?  I don't think that threat is going to have a big impact on Congressional policy.

Thu, 12/13/2012 - 14:57 | 3060282 maximin thrax
maximin thrax's picture

Nixon closing the gold window enabled deficit spending as we have come to know it, otherwise our gold would have been depleted paying for debt incurred fighting in Vietnam. Most of the loss in the purchase power of the Dollar has come since 1971, about 4% annually. The Fed is Congress's bayoch more than the other way around.

Thu, 12/13/2012 - 15:39 | 3060482 LawsofPhysics
LawsofPhysics's picture

"The Fed is Congress's bayoch more than the other way around."

-----------------------------------------------

Really?  Well then I will look forward to them telling the Fed to "fuck off" as the majority of the debt is fraudulent.  Let's see now, Ron Paul would back precisely what you are saying.  Remind us, how did the GOP treat him and his delegates again?

Thu, 12/13/2012 - 12:33 | 3059727 surf0766
surf0766's picture

New stimulus spending

That statement will never make the air on cnn, msnbc,abc,cbs, etc

 

Thu, 12/13/2012 - 12:34 | 3059731 Lost Wages
Lost Wages's picture

Stocks, treasuries, metals, everything droppin' like an anvil. EUR/USD and dollar index not doing that much. Seems like the calm before the black hole.

Thu, 12/13/2012 - 12:36 | 3059745 LawsofPhysics
LawsofPhysics's picture

Wrong, the 30Y treasury is up, thank the bernanke for that gift this morning.

Thu, 12/13/2012 - 12:34 | 3059736 H E D G E H O G
H E D G E H O G's picture

excuse my lapse of memory, (graduated from HS in '67), but isn't Orange Man 3rd in line for the Presidential office if Joe "The Joke" Biden, and The Mulatto are terminated? just askin. Damn, I'd hate to look at that fucker on tv all the time.

Thu, 12/13/2012 - 12:34 | 3059738 azzhatter
azzhatter's picture

Everybody assumes Obama doesn't want to go over the cliff? I think he does

Thu, 12/13/2012 - 12:42 | 3059773 Colonial Intent
Colonial Intent's picture

Its a win-win for him either way.

If the repubs dont get a deal the MSM will make sure they own the depression.

Thu, 12/13/2012 - 12:44 | 3059783 surf0766
surf0766's picture

He does. Overwhelm the system and cause the collapse then have the fix waiting.

Thu, 12/13/2012 - 13:12 | 3059898 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

"Overwhelm the system and cause the collapse then have the fix waiting."

Cloward-Piven Strategy!

Thu, 12/13/2012 - 14:56 | 3060217 maximin thrax
maximin thrax's picture

Of course he wants the cliff. It's going to be the Boehner Recession next year, or else it will be the inevitable Obama Recession a year or two later.

Thu, 12/13/2012 - 12:37 | 3059752 adr
adr's picture

Put it in words da peoples can understand.

The Government EBT card has a monthly allowance of $1200.00, you are asking us to spend $1800.00. So we can either put the 24 pack of malt liquor back, or the diapers. You can't have both. We know you won't sacrifice the lobster tail, but you might need to make due without the fresh garlic bread from the bakery. You can however afford the frozen New York Brand Texas Toast.

We all have to make sacrifices, but don't worry we will try to get an increase in the allowance of our EBT card so you don't have to.

Thu, 12/13/2012 - 12:39 | 3059753 paint it red ca...
paint it red call it hell's picture

Who even gives a shit anymore how they choose to play out this farce. So far its been the elephant walk, the boyz n'girlz all have each other by the political pecker dancing around in a circle. Nobody breaks in, nobody breaks out.

Until the game changer rears on it's overdue hind legs wrecking their little circle, I am no longer interested in how the deck chairs are shuffled or who is doing the shuffling.

Thu, 12/13/2012 - 12:38 | 3059754 slaughterer
slaughterer's picture

We are going to be watching these press conferences everyday until Christmas and the uncertainty created through them is going to spoil any chance of a Santa Rally.  

Thu, 12/13/2012 - 12:41 | 3059774 LawsofPhysics
LawsofPhysics's picture

but the instability will be profitable, look at the 30 year this morning.  Thanks Ben.

Thu, 12/13/2012 - 12:38 | 3059756 Quinvarius
Quinvarius's picture

Hoe does USD survive this embarrassing baby fight?

Thu, 12/13/2012 - 12:46 | 3059794 Mad Mohel
Mad Mohel's picture

Pelosi pounding, I'd pay to see it. That dirty old bag gets down I bet.

Thu, 12/13/2012 - 12:46 | 3059796 JR
JR's picture

The political earthquake now arrives.

It’s in an open letter to Republican House and Senate members from the people at redstate.com: Morton Blackwell, et al. (signed by 138 major Republican activists).  It declares, frankly, that Republicans legislators are “being tested” and were elected in 2012 by even a stronger mandate in the Congress and the state houses to hold the line than the thinner margin for Obama.

This group is a major grassroots factor in the Republican base and when it relates: “If you give in to the Democrats now you will be weaker “because your conservative base will be outraged” and when you need help in the future we “will never lift a finger for you again,” it also reminds “that a great many potent conservative organizations and millions of conservative and liberty-loving voters do not believe in the divine right of incumbents to be re-nominated.”

http://www.redstate.com/morton_c_blackwell/2012/11/30/an-open-letter-to-u-s-house-and-senate-republicans/

http://www.salon.com/2012/12/12/conservative_activists_to_gop_lawmakers_you_are_being_tested/

Thu, 12/13/2012 - 12:51 | 3059822 Tank_
Tank_'s picture

"...we will never lift a finger for you again..."

Oh, I'm about to lift a finger!

Thu, 12/13/2012 - 12:50 | 3059808 RobotTrader
RobotTrader's picture

"Boner" has been instructed by TPTB to "sandbag" the Fiscal Cliff discussions to bait the bears.

 

Then, at the absolute worst possible time, when the markets are down and the bears are piling on, "Boner" will suddenly and unexpectedly unleash the news that a deal has been reached.

Result?

Yet another "searing, rip your face off rally" as Doug Noland will describe it in his next Credit Bubble Bulletin.

Thu, 12/13/2012 - 12:58 | 3059845 blunderdog
blunderdog's picture

Ooh, that'd be hilarious!

Thu, 12/13/2012 - 13:10 | 3059875 LouisDega
LouisDega's picture

The king has returned. Welcome back sensei, I bow to your stockinged feet

Thu, 12/13/2012 - 16:42 | 3060730 Zymurguy
Zymurguy's picture

Robo' is back!!!  Awesome!!!

Thu, 12/13/2012 - 12:52 | 3059823 Navigator
Thu, 12/13/2012 - 13:17 | 3059917 thedrickster
thedrickster's picture

So, if spending cuts arent really possible and taking as a given that despite the bluster, there is no way that tax increases can make up the gap, then it's all unsustainable anyway, let it burn.

In actuality I don't believe that ANYONE thinks it to be sustainable, it's all about biding time until the baby boomers die off. The IRS and the grim reaper are in a footrace, the FedGov is "losing" badly.

Thu, 12/13/2012 - 13:07 | 3059872 JR
JR's picture

The Democrats' take on this election is that they have the majority of Americans in their pocket. They are wrong. A lot of Republicans and independents voted against Romney because they believed him to be a banker stand-in, because they believed he was going to war and that he was pretending to hold conservative principles.

These are not people who want a Marxist welfare and surveillance state.

Yet, Bloomberg News is running drivel that they do. Financial ruler Mayor Michael Bloomberg is using his ill-gotten financial media power to trumpet a questionable poll that says “Americans Back Obama Tax-Rate Increase Tied to Entitlement Cuts.”

The “fiscal cliff,” of course, is a Bernanke-created term couched to deceive the people into thinking they created this financial mess and to force Congress to heel to the bankers’ will to strip the middle class (the “rich”) of  its last dime of productive wealth and retirement security.

The bias of Bloomberg’s useful-idiot pollster is obvious: “J. Ann Selzer of Selzer & Co., the Des Moines, Iowa, firm that conducted the poll, says the findings encapsulate American views on the fiscal debate.

’Obama won the election promising to raise taxes on the wealthy,’ Selzer says. ‘Republicans who refuse to budge from their pledge not to raise taxes are wrong-headed. Failure to strike a deal would put the national economy and the people who live in it at risk.’”

Today, using the “fiat-credit-control mechanism,” the Fed – the bankers – have near total control of all credit, life and happiness in America and, by extension, in the Euro Zone. Buying and controlling Congress, these international bankers now dictate all basic creative activities of Americans.

The American people need to know where and to whom the trillions and trillions of fiat cash the Fed prints and lends is going and what it is buying (stealing) to create, as Pope Pius XI charged, this “despotic economic dictatorship” that rules our economic system.

Bloomberg - another rags-to-riches-to-civic servant emanating from Russian roots that no doubt extend to the Federal Reserve and the doors to the U.S. Treasury - issued the winning bid for Businessweek in 2009 and BNA in 2011, and now is weighing up whether to make a bid for The Financial Times Group.

According to Wikipedia: “In March 2012, Forbes reported Bloomberg’s wealth at $22 billion, ranking him 20th in the world and 11th in the United States. In March 2009, Forbes reported Bloomberg's wealth at $16 billion, a gain of $4.5 billion over the previous year, enjoying the world's biggest increase in wealth in 2009. At that time, there were only four fortunes in the U.S. that were larger (although the Wal-Mart family fortune is split among four people). He moved from 142nd to 17th in the Forbes list of the world's billionaires in only two years (March 2007 – March 2009).”

Thus, by allowing bankers to use the flick of a pen or a keyboard to create and pocket money into existence that did not exist, Americans have become the witless serfs of the bankers and their mouthpiece - the  MSM propaganda Bloomberg machine.

Thu, 12/13/2012 - 14:14 | 3060106 blunderdog
blunderdog's picture

The Dems are going to end up with a huge boost in popularity if the Republicans don't knuckle under.

Obama's marketed his "tax cuts for 98%" message quite effectively.  MOST of the "uninformed/misinformed" believe that Republicans are holding out for tax-cuts on the top 2% income earners, and they really don't see that as a priority.

If we go start sequestration, it's going to cause huge pain across the board, and MOST of the electorate is going to think it's the Republicans' fault.

(Note: this is "politics."  That means it's just about appearances.  Neither party is prepared to do anything about the real issues.)

Thu, 12/13/2012 - 14:46 | 3060222 JR
JR's picture

The Republicans can’t maintain their base on a lie put out by the Democrats.

The deal hasn’t been made and already the Republicans have lost, especially as personified by the man now wearing an “L” for Loser on his suntanned forehead, Boehner.

In his press conference today, Boehner said tax increases alone (implication on household income above $250, 000) won’t solve the problem; spending cuts will be needed; in other words, Obama, you already have the tax increase, we’re just now starting to negotiate spending cuts.

Translation: there won’t be many spending cuts either because when winners and losers play, losers lose.

Republicans can simply say No! to this deal and suffer the tsunami of media criticism but they need to do one thing more: to very simply explain why this Democrat deal destroys incentive, jobs, and the economy. If they will stand on truth, the Republican base will rise up and defend them like never before.

In this cat and mouse game, the real cat is the public’s investment in their lives and futures; the mouse is the voice of a mob on the take.

When the mouse starts eating the cat’s food, guess who is the loser?

When you’re the mouse, you don’t threaten the cat. When you’re the mouse, you don’t say: “I’m the mouse, and I won!”

Thu, 12/13/2012 - 15:07 | 3060336 odatruf
odatruf's picture

blunder - what pain is the average person going to see or feel if the sequestration goes into effect?  I'd love to get as detailed an answer as possible because for the life of me, I can't see why people who don't work for .gov or the MIL aren't begging for that to start.

 

Thu, 12/13/2012 - 16:51 | 3060776 blunderdog
blunderdog's picture

The Fed cutbacks on "unnecessary" services are going to make visiting government offices even less fun, and tax rates are going to go up for EVERYONE a little bit.

Plus, if there are any specific departmental cutbacks that put Federal employees out of work, it'll just increase unemployment and decrease income available for current employees to spend on consumption.

Plus, the folks on "extended" UI benefits will be cut off.

It's a pretty long list of stuff that's going to change--MOST of it will hit the affluent folks (say the top 15% of income earners) a LOT harder than the poor.  But the poor will still remember the story, and if a nanny gets fired because her Lawn Guyland housewife can no longer afford to pay her out of dividend income, she's likely to place the blame on the 'Pubs.

Thu, 12/13/2012 - 23:50 | 3061860 odatruf
odatruf's picture

The return to normal UI benefits are not part of the sequester. Otherwise, I understand what you are saying.  So to you, the pain will be mostly referred as in your nanny getting fired as opposed to direct, since veterans, SS and Medicare benefits are excluded.

Doesn't your concern about the nanny prove the argument about the well off being job creators?

 

 

Fri, 12/14/2012 - 11:23 | 3062660 blunderdog
blunderdog's picture

That wasn't something I was discussing, but you can certainly try to make the argument.

Thing is, the US is a primarily consumer-spending driven economy, so I think more honestly, it just "proves" that an economy requires participants, and anyone without money is unable to particpate.

By reducing any individual's income, there's a passed-on effect to all of the businesses and dependents which benefit from that individual's spending.  Of course, that applies just as well to all the recipients of foodstamps and welfare as it does to rich people living off interest and dividends.

If Walmart didn't have millions of foodstamp-subsidized customers, they'd have to lay off more workers or raise prices.  If folks getting Social Security checks stopped getting them, they wouldn't be able to buy chicken and beer at the local bar & grill.

If you want to call an employer a "job creator," more power to you.  I've usually only heard that word used in a bullshit context, though, so I don't think it's necessarily helpful to whatever point you're trying to make.

Thu, 12/13/2012 - 13:12 | 3059886 Pooper Popper
Pooper Popper's picture

what a TWAT!

Thu, 12/13/2012 - 13:15 | 3059909 Everybodys All ...
Everybodys All American's picture

Pelosi just proves that smoking dope can be bad for your country's health.

Thu, 12/13/2012 - 13:23 | 3059940 Walt D.
Walt D.'s picture

Actually, Nancy is suffering from "Mad Hatters Syndrome" due to mercury poisoning.

Thu, 12/13/2012 - 13:29 | 3059956 Everybodys All ...
Everybodys All American's picture

lol, but I'm referencing the people of California that keep voting for her.

Thu, 12/13/2012 - 14:09 | 3060093 Walt D.
Walt D.'s picture

The've got mercury poisoning too - too much swordfish and tuna fish!

Thu, 12/13/2012 - 13:22 | 3059934 Walt D.
Walt D.'s picture

Will Obamacare pay for a backbone transplant for John Boehner?

Thu, 12/13/2012 - 14:05 | 3060080 JR
JR's picture

Depends on his age. sarc/on

Betsy McCaughey, former lieutenant governor of New York, writing in Investor’s Business Daily, reports that “On Oct. 1, the Obama administration started awarding bonus points to hospitals that spend the least on elderly patients.”

Says Paul Craig Roberts: “Mrs. McCaughey reports that doctors will be paid only one-third as much for treating Medicare patients as for treating a patient with subsidized private insurance and that Obamacare means that hospitals will have $247 billion less over the next decade to care for the same number of seniors.”

The result, says Roberts, “will be fewer knee and hip replacements, angioplasty, bypass surgery and cataract operations – those procedures that transformed aging by allowing the elderly, who formerly languished in wheelchairs and nursing homes, to lead active lives.

“What Obamneycare does is to steal from Medicare in order to finance Medicaid and private insurance policies.” sarc/off

Thu, 12/13/2012 - 14:51 | 3060203 NuYawkFrankie
NuYawkFrankie's picture

Boaner-The-Moaner & Botox-Bimbo are "Leaders Of the House"???

Is this some kind of twisted sick joke???

 

May The Merciful Lord deliver us....

Thu, 12/13/2012 - 14:48 | 3060230 Zymurguy
Zymurguy's picture

The headline "Pelosi's Pounding" - schwing, tent pole!

Thu, 12/13/2012 - 15:38 | 3060481 Fix It Again Timmy
Fix It Again Timmy's picture

"You're going to like the way you've been fucked, I guarantee it!"  Prez Obammy

Fri, 12/14/2012 - 00:54 | 3061934 Moonrajah
Moonrajah's picture

Yeah! Pound that pelosi with a big hard boehner!

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