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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Wed, 12/19/2012 - 15:19 | 3079760 kliguy38
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

Wed, 12/19/2012 - 15:21 | 3079763 Tim Knight from...
Tim Knight from Slope of Hope's picture

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

Wed, 12/19/2012 - 15:22 | 3079772 Stoploss
Stoploss's picture

2 words:


Press conference over..

Wed, 12/19/2012 - 15:24 | 3079784 HD
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.

Wed, 12/19/2012 - 15:47 | 3079895 falak pema
falak pema's picture

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

Wed, 12/19/2012 - 15:24 | 3079782 fuu
fuu's picture


Wed, 12/19/2012 - 15:20 | 3079764 MillionDollarBoner_
MillionDollarBoner_'s picture

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

Wed, 12/19/2012 - 15:21 | 3079765 Cult_of_Reason
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.

Wed, 12/19/2012 - 15:26 | 3079794 buzzsaw99
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.

Wed, 12/19/2012 - 15:34 | 3079836 MillionDollarBoner_
MillionDollarBoner_'s picture

Fitch can felch the peanuts outta my ass...

Wed, 12/19/2012 - 15:22 | 3079766 Waterfallsparkles
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.

Wed, 12/19/2012 - 15:26 | 3079795 TruthInSunshine
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.

Wed, 12/19/2012 - 15:45 | 3079890 Missiondweller
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.

Wed, 12/19/2012 - 15:53 | 3079915 Spastica Rex
Spastica Rex's picture

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

Wed, 12/19/2012 - 15:59 | 3079949 Missiondweller
Missiondweller's picture

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

Perhaps I don't understand your post.

Wed, 12/19/2012 - 16:14 | 3080010 Dumpster Fire
Dumpster Fire's picture

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

Wed, 12/19/2012 - 16:23 | 3080031 Spastica Rex
Spastica Rex's picture


Wed, 12/19/2012 - 16:46 | 3080091 Joe moneybags
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.

Wed, 12/19/2012 - 15:21 | 3079767 CClarity
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.

Wed, 12/19/2012 - 15:26 | 3079790 dracos_ghost
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.

Wed, 12/19/2012 - 15:21 | 3079770 USS Bernanke
USS Bernanke's picture

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

Let's listen in and be informed.

Wed, 12/19/2012 - 15:22 | 3079775 HD
HD's picture

Tyler nailed it as usual.

Wed, 12/19/2012 - 15:24 | 3079777 slaughterer
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.  

Wed, 12/19/2012 - 15:23 | 3079778 Rathmullan
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".

Wed, 12/19/2012 - 15:25 | 3079786 Oldballplayer
Oldballplayer's picture

I could just cry.

Wed, 12/19/2012 - 15:27 | 3079793 The Gooch
The Gooch's picture

There's no crying in ping pong.

Wed, 12/19/2012 - 15:30 | 3079810 Oldballplayer
Oldballplayer's picture

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

Wed, 12/19/2012 - 15:27 | 3079798 Waterfallsparkles
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.

Wed, 12/19/2012 - 15:33 | 3079830 youngman
youngman's picture

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

Wed, 12/19/2012 - 15:35 | 3079841 Arthur
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.

Wed, 12/19/2012 - 15:50 | 3079903 ShrNfr
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".

Wed, 12/19/2012 - 15:35 | 3079843 TrustWho
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?

Wed, 12/19/2012 - 15:36 | 3079848 Vincent Vega
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.

Wed, 12/19/2012 - 15:39 | 3079861 TrustWho
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!

Wed, 12/19/2012 - 15:42 | 3079875 Vincent Vega
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.

Wed, 12/19/2012 - 15:43 | 3079887 pods
pods's picture

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


Wed, 12/19/2012 - 16:09 | 3079990 Dumpster Fire
Dumpster Fire's picture

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

Wed, 12/19/2012 - 16:27 | 3080040 ptoemmes
ptoemmes's picture

And Pelosi now has the karaoke...

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