Boehner Pongs To Obama's Ping - Live Webcast

Tyler Durden's picture

After spending a few seconds earlier discussing gun law, President Obama discussed at length how Plan B is a no-go, how he has come more than half-way, and how Boehner seems happy to allow those earning $800k or $900k to 'get away' without paying more taxes. Speaker Boehner's rebuttal is due at 215ET...

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kliguy38's picture

Don't worry......hehehe....."they" won't get away...........It was all setted several weeks ago....this is just foreplay to make the fochin look good

Tim Knight from Slope of Hope's picture

I think the Speaker is responsible for the shortest press conference in American history.

Stoploss's picture

2 words:


Press conference over..

HD's picture

Now there would be a politician I can support.  I'm voting the strait "FUCK OFF and DIE" ticket next election season.

falak pema's picture

correction:  you fukk off and I die...fixed it.

MillionDollarBoner_'s picture

Meantime its back to the Choom Wagon for a massive bong hit...and this time he's gonna hold it!...

Cult_of_Reason's picture

Fitch Warns of Possible US Downgrade

In Fitch's opinion, the tax increases and spending cuts implied by the fiscal cliff would not address the long-term drivers of higher public spending and the narrow and volatile tax base. Many of the measures would probably be partially reversed if the economy slowed and unemployment began to rise, perpetuating the uncertainty over government tax and spending policies that is weighing on the economic recovery. Failure to avoid the fiscal cliff would not, in Fitch's opinion, place US public finances on a long-term sustainable path. It would exacerbate rather than diminish the uncertainty over fiscal policy, and tip the US into an avoidable and unnecessary recession that could erode medium-term growth potential and financial stability. In such a scenario, there would be an increased likelihood that the US would lose its "AAA" status.

buzzsaw99's picture

opinions are like assholes, everyone has one. fitch has a high opinion of themselves that's for sure. they tried to come in here and tell us how to run the local university too. we told them to take their big brass ballz and gtfo of dodge.

MillionDollarBoner_'s picture

Fitch can felch the peanuts outta my ass...

Waterfallsparkles's picture

Good for him.  Let Obama be responsible.  After all he is the one stonewalling.

And can you even believe Obama wants to no limit on the Debt limit.  Where he is the only one who says how much the Nation prints.

TruthInSunshine's picture

If the ECB, Fed, BOJ, BOE & PBOC don't keep printing fiat, the system crashes.

A closed loop, diminishing return/productivity, credit/debt based economic system that depends on the printing of inevitably larger batches of fiat to try and extend its life is a precarious thing.

Missiondweller's picture

Exactly, both Marc Faber and Charles Biderman have shown that we are so drownding in debt (both public and private) that it takes $5 dollars of new debt to produce $1 of economic activity.

The converse of this is that we can reduce $5 of spending and only suffer $1 of lost economic activity. So I say, let's go over the cliff. We'll be closer to a balanced budget and start the deleveraging we must have before a real recovery begins.

Spastica Rex's picture

I agree, except for the part about recovery, if "real recovery" entails a return to never ending 3%+ YoY growth.

Missiondweller's picture

3% growth is undesirable? Its twice the current growth.

Perhaps I don't understand your post.

Dumpster Fire's picture

aint gonna happen.  I think that's what hes getting at.

Joe moneybags's picture

America won't hold Obama responsible.  The 98% want the top 2% to kick in more.  Boner is playing to only about 1.5%, those in the bracket between 200K and 1 mil.

Poor old Newt can tell you who gets blamed when the federal teat runs dry.

CClarity's picture

A "quickie" from Boehner.  Typically only made it "good for him", no satisfaction for his "partner".  Ongoing witty repartee not adequate for this encounter.

dracos_ghost's picture

Well he obviously isn't suffering from priapism.

A shout out to everyone here, what exactly are they negotiating again with the fiscal cliffy thing. There is NO BUDGET. What are the talks detailing. ZIP. NADA. NOTHING. 1 week of government expenditure at best.

The Mayans better be right dammit, because this is ridiculous.

USS Bernanke's picture

Oh look, two unqualified people bantering back and forth about unrealistic solutions.

Let's listen in and be informed.

HD's picture

Tyler nailed it as usual.

slaughterer's picture

Can't let another day go by without the ping pong of politically agressive psychosis.  Just what the populace needs as it warms up the fireplace for the holidays.  

Rathmullan's picture

Excruciating minutiae. Dandruff on a terminal cancer patient. But hey, the pastrami munchers will trade on it and somehow the net of those trades will be: "market higher".

The Gooch's picture

There's no crying in ping pong.

Oldballplayer's picture

Ok. I won't. But I thought that is what these guys did here.

Waterfallsparkles's picture

I think it is good for the Market because it appears that this back and forth is DONE.  At least until the begining of next year.

youngman's picture

Pass it....then get it over...then we can all make plans...

Arthur's picture

What about the AMT?


Kills me every f*cking year.  Not index to inflation either.


I could live with 800k and up.  I am thinking O's taget is really 400 to 500k and up.

ShrNfr's picture

The AMT was more or less "class warfare" to catch a couple of people long ago. Past is prologue with the present "class warfare".

TrustWho's picture

Boehner has a boner for Obama. His kurtness demonstrates a man who is pissed and frustrated.

How high will stock market rise when America goes over the Bernanke cliff?

Vincent Vega's picture

What a bunch of finger pointing pricks. And the dumbest mother fucker of them all is ME. Why do I continue to come to an office every day and bang my head against the wall, paying a tax rate set by bureaucrats fucks (for their benefit), and paying in to a social secruity system which will either a) defualt on me. or b) pay me in devalued dollars that won't buy shit.

Sorry for the rant.

TrustWho's picture

....quit whining! You just swallowed the red pill and discovered your worthless place in the matrix. A serf is just a serf!

Vincent Vega's picture

Actually I took the red pill quite a while back. I'm just frustrated that I'm not completely out of the matrix yet....but I am working on it.

pods's picture

Well to quote your partner:
"That seems to be the situation."


Dumpster Fire's picture

If my answers frighten you then you should cease asking scary questions.

ptoemmes's picture

And Pelosi now has the karaoke...