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Plan 'C' Anyone? Boehner Humiliated As "Plan B" Lacks Enough Votes To Pass

Tyler Durden's picture





 

Update: wow:

  • HOUSE SCRAPS PLAN TO VOTE ON BOEHNER'S TAX `PLAN B' TONIGHT
  • U.S. HOUSE PLANS NO VOTES UNTIL AFTER CHRISTMAS, BURTON SAYS
  • BOEHNER SAYS `PLAN B' TAX PLAN LACKED SUPPORT TO PASS
  • BOEHNER SAYS UP TO OBAMA TO WORK WITH REID ON BUDGET PLAN

Absolute total chaos. ES at lows of the days right now. Luckily, at least the debt ceiling is a firm deadline... Sometime in late March. Oh, and goodbye Boehner?

Market Reaction:

Finally, the outcome really is not that complicated as we pointed out over a month ago:

 

* * *

Following the unexpected gavel-out recess from the house, it appears Plan B is a no-go...

  • *REPUBLICANS ARE DELAYING VOTE ON BOEHNER'S TAX 'PLAN B'
  • *HOUSE REPUBLICAN LEADERS SAID TO PLAN 7:45 P.M. CONFERENCE

Plan 'C' anyone? EURUSD and ES sliding a little more on this news...

 


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Thu, 12/20/2012 - 20:40 | Link to Comment inevitablecollapse
inevitablecollapse's picture

wow...i am jack's complete lack of surprise...

Thu, 12/20/2012 - 21:22 | Link to Comment I think I need ...
I think I need to buy a gun's picture

everyone have nice christmas and happy new year!!!!!!

Thu, 12/20/2012 - 21:54 | Link to Comment Zer0head
Zer0head's picture

Flaccid - or should I say  Foehlccid

Thu, 12/20/2012 - 22:37 | Link to Comment Never One Roach
Never One Roach's picture

LOS ANGELES (Reuters) - The California city of San Bernardino paid $2 million in cash-outs to employees for unused vacation and sick time in the three months before declaring bankruptcy on August 1, data reviewed by Reuters show.

 

http://news.yahoo.com/exclusive-san-bernardino-paid-2-million-cash-outs-...

 

Everything's just fine. Go back watching Dancing with the Idols and eating those cheeseburgers.

Fri, 12/21/2012 - 01:40 | Link to Comment Element
Element's picture

Do those 'market' charts look a little neurotic to you?

Fri, 12/21/2012 - 07:19 | Link to Comment Go Tribe
Go Tribe's picture

Neurotic? No, they look like someone about to snap and go shoot up an elementary school.

Fri, 12/21/2012 - 08:19 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

The freakishly over sized Oompa Loompa......is once again foiled by those damn conservatives.

 

He thought he was in charge....turns out.....not so much.

Fri, 12/21/2012 - 09:15 | Link to Comment trav777
trav777's picture

the democraps will never split...they are lockstep with each other, PARTY COMRADE right or wrong.

What this shows is that the country is no longer a country.  Years of multicult and the massive divergence in just core values between the yankees and the left versus the conservative white population means that we need secession/partition.

Thu, 12/20/2012 - 21:52 | Link to Comment knukles
knukles's picture

LOL
O and Reid to come up with Budget Plan.
Not a budget, just a plan.

Dare ya'!

Thu, 12/20/2012 - 21:24 | Link to Comment I Got Worms
I Got Worms's picture

With exactly 100 billion to go to the debt ceiling, I see late January as the breach at the current burn rate. Check this debt clock link: http://www.usdebtclock.org/

 

Thu, 12/20/2012 - 21:43 | Link to Comment Ness.
Ness.'s picture

No prob... the currency exchange is still open.

Thu, 12/20/2012 - 21:25 | Link to Comment LongSoupLine
LongSoupLine's picture

Holy fuck!!

Nobody could have seen this coming...NOBODY!

Thu, 12/20/2012 - 21:44 | Link to Comment ACP
ACP's picture

I've never had a Boner this humiliated!

Thu, 12/20/2012 - 21:47 | Link to Comment Supernova Born
Supernova Born's picture

Wonder why the middle class is screwed?

Three classes, two parties.

Thu, 12/20/2012 - 21:53 | Link to Comment knukles
knukles's picture

Nice

Thu, 12/20/2012 - 23:13 | Link to Comment cougar_w
cougar_w's picture

Whoa. All kinds of seemingly stupid random shit just started to make sense.

Fri, 12/21/2012 - 03:46 | Link to Comment woolly mammoth
woolly mammoth's picture

Very good. Thanks for the chuckle.

Fri, 12/21/2012 - 00:00 | Link to Comment Againstthelie
Againstthelie's picture

I think, the failing of the "Plan B" has been orchestrated: it allows, that the anti-tax-lawmakers can keep their face, keep their voters, without going over the cliff: Therefore they got out today.

Boehner can now work out a compromise with Obama over weekend, since he doesn't need to take care of the hardliners anymore and then the votes without the hardliners will be enough to get a deal done.

A quite clever game from the hardliners, to keep up the believe of their voters.

At least nobody here and so far nobody of the journalists has recognized, that this seems an orchestrated exit-strategy. "Plan B" works - but plan B is another one than the sheeple believe.

Fri, 12/21/2012 - 10:58 | Link to Comment trav777
trav777's picture

there's a struggle within the GOP.  There are two factions now, the actual conservativish ron paul style wing, teaparty, etc., and the GOP that wants to be Democrats.

Remember, the GOP House voted DOWN TARP. 

This mirrors the growing divide between the blue and red sections of the USA.  If you look at any electoral county-by-county map, you can clearly see the problem and it is only worsening.

Demagogues in cities are using their population advantages to screw 99% of the rest of their jurisdictions.  This is because cities, despite the malarky about "GDP" (cities are heavily SERVICES, NOT PRODUCTION) are net drains of resources.

Think about that most reliable blue city, NYC (or DC).  Think about how much fresh water gets sucked in and how much trash and sewage go out.   The rest of the state has to subsidize NYC and in response, the population advantage the city has up and VOTES to abscond with the water and send back trash and sewage.  It doesn't matter what real thing it is.  NYC doesn't power itself, water itself, feed itself.  It merely VOTES that someone else do so.

You have seen the same thing a little more starkly in places like NV, where Vegas used its population majority to vote itself the water upstate that ranchers and growers (on their own land) thought they should use for ranching and growing.  And, in doing so, they shut production down.

But who cares, right?  Someone ELSE will just feed us, sayeth the cities.  With vast tracts of Section 8, there is a giant voting bloc, in NYC up to 30% of the population, that has no clue where ANYTHING comes from; they are a cargo cult.  Pulling a voting lever to them = getting stuff.

California is a study in population bullying neighboring states as well...CA can't even keep their own lights on; the voters have SPOKEN and they expect electricity but without power plants.  Liberalism is a form of insanity, seriously...a mental illness.

Fri, 12/21/2012 - 07:42 | Link to Comment Go Tribe
Go Tribe's picture

He'll hold a press conference today in his crying voice.

Thu, 12/20/2012 - 21:25 | Link to Comment fockewulf190
fockewulf190's picture

Bullish for Phyzz.  Expect another smashdown to commence shortly.  2013 is going to be one fucked up year for sure.

Fri, 12/21/2012 - 00:14 | Link to Comment Againstthelie
Againstthelie's picture

Look at Golds almost perfect correlation with growing debt. A deficit reduction of 50% would smash Gold in the short-medium term.

Fri, 12/21/2012 - 04:04 | Link to Comment Hobbleknee
Hobbleknee's picture

But there will never be a deficit reduction.

Fri, 12/21/2012 - 08:34 | Link to Comment Againstthelie
Againstthelie's picture

600 bn/year higher taxes is no reduction of the deficit?

Invest accordingly. Be prepared.

Fri, 12/21/2012 - 08:45 | Link to Comment StychoKiller
StychoKiller's picture

-1, NEVER is a lonnnng time.

Thu, 12/20/2012 - 21:44 | Link to Comment Jumbotron
Jumbotron's picture

wow...i am jack's complete lack of surprise...

 

From Fight Club ...the Novel

 

I found stacks and stacks of Reader's Digest in the basement, and now there's a pile of Reader's Digest in every room. In the oldest magazines, there's a series of articles where organs in the human body talk about themselves in the first person: I am Jane's uterus. I am Joe's Prostrate. I am Joe's Gallbladder. I am Joe's Raging Bile Duct. I am Joe's Grinding Teeth. I am Joe's Inflamed Flaring Nostrils. I am Joe's White Knuckles. I am Joe's Enraged, Inflamed Sense of Rejection. I am Joe's Clenching Bowels.

Thu, 12/20/2012 - 21:53 | Link to Comment akak
akak's picture

I am Joe's ulcerated Stomach.

I am Joe's Fed-kicked Nutsack.

I am Joe's Bernanke-raped Anus.

I am Joe's status-quo-powers-that-be propagandized Brain.

I am the American citizen's former Spine.

Thu, 12/20/2012 - 22:00 | Link to Comment Eternal Complainer
Eternal Complainer's picture

I am Joe Biden's failed gun confiscation scheme.

Thu, 12/20/2012 - 23:02 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

I am Joe Poorfarmer, member and one of the many monarchs of the US American 'american' citizenenism middle class (the king class), shit on more than a Chinese citizenism roadside.

Fri, 12/21/2012 - 10:35 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

I am Jon Corzine.....and I am still at large.

Thu, 12/20/2012 - 23:20 | Link to Comment Tijuana Donkey Show
Tijuana Donkey Show's picture

I was worried about the gun thing until they put Biden on the case. Worrying about Biden taking your guns is like an eskimo worrying about running out of ice. 

Thu, 12/20/2012 - 22:22 | Link to Comment tnquake
tnquake's picture

I am Boner's limp dick.

I am Pukelosi's ugly snatch.

Thu, 12/20/2012 - 22:41 | Link to Comment Papasmurf
Papasmurf's picture

Circular reasoning.

Thu, 12/20/2012 - 21:52 | Link to Comment ball-and-chain
ball-and-chain's picture

Speaker Boner is a rube.

He needs to go back to his room and cry some more.

What a loser.

http://www.angrysinner.blogspot.kr/2012/12/yesterday-i-hiked-ten-miles-through_20.html

Thu, 12/20/2012 - 22:40 | Link to Comment brettd
brettd's picture

who could replace him?  Cantor?

Thu, 12/20/2012 - 22:49 | Link to Comment Supernova Born
Supernova Born's picture

Eric Cantor, the invisible man.

Dick Cheney must have given Cantor his key to the "undisclosed location".

Cantor is an opportunist, not a fighter.

Fri, 12/21/2012 - 09:17 | Link to Comment trav777
trav777's picture

he's tribe, go figure

Fri, 12/21/2012 - 04:15 | Link to Comment vato poco
vato poco's picture

WTF is it with republicans? It must be something actually physiological: their eyes SEE the words "party leadership" just fine. But by the time it zips down the optic nerve into their 'brains', it gets processed as "impotent, incompetent pussies" - and so they vote their "leadership" accordingly. You see a skinny kid getting sand kicked in his face by bullies at the beach, you kinda feel bad for him, sure. But when it goes on for 80 or 90 freakin' *years*, and the punk kid never once calls Charles Atlas; or looks into Krav Maga; or hires a blackmalier...er, "opposition research" to ruin that mean old bully.......

You start to figure maybe the skinny kid IS a pussy. Either that, or he likes being the big bullies' little bitch. Yo! Boehner! Fuck You, ya gutless candyass!!! Now go have a good cry at Nancy's: she'll hold you while you sob, maybe she'll take you down to the tanning salon like you like, and soon you'll feel much better.

Fri, 12/21/2012 - 07:36 | Link to Comment Go Tribe
Go Tribe's picture

They think  like morticians.

Thu, 12/20/2012 - 21:53 | Link to Comment Ident 7777 economy
Ident 7777 economy's picture

 

 

 

This was Pelosi's plan right?

 

The tax-only-millionaries and above plan? (Which she NOW says was a 'ploy')

 

Right?

Thu, 12/20/2012 - 21:59 | Link to Comment knukles
knukles's picture

Stepford Wives syndrome.

Thu, 12/20/2012 - 22:12 | Link to Comment Yen Cross
Yen Cross's picture

 AKA " Inbred Jed" syndrome.

Thu, 12/20/2012 - 23:23 | Link to Comment Harbanger
Harbanger's picture

Someone should tell these American socialists that Russia only has a 13% flat tax.

Thu, 12/20/2012 - 23:47 | Link to Comment vast-dom
vast-dom's picture

see Tyler when you try to keep calling the Ponzi game you get your ass handed to you.

careful now. this motherfucker is rigged and when the scam doesn't come together you get your face ripped off: plan D E F....con.

Thu, 12/20/2012 - 23:58 | Link to Comment Lost Wages
Lost Wages's picture

Good idea. Let's put Jack from Jack in the Box in charge. Anything's better than this clown show.

Thu, 12/20/2012 - 20:41 | Link to Comment max2205
max2205's picture

Print baby

Thu, 12/20/2012 - 20:42 | Link to Comment Bunga Bunga
Bunga Bunga's picture

Jump!

Thu, 12/20/2012 - 21:41 | Link to Comment Cursive
Cursive's picture

@Bunga Bunga

Is this your advice for Boehner?  I literally chuckled at the ZH retweet that there was booing in the emergency house meeting as cry baby wuss paints complete fuck up umpa lumpa colored Boehner was going down in flames.  Please, please TD, when Boehner is pushed over his own cliff, give us a name the caption for it.

Thu, 12/20/2012 - 22:33 | Link to Comment TuesdayBen
TuesdayBen's picture

How about Cock Blocked?

Thu, 12/20/2012 - 20:41 | Link to Comment max2205
max2205's picture

Get to work Ben, fucking last ass congress won't do shit.....again

Thu, 12/20/2012 - 20:47 | Link to Comment cougar_w
cougar_w's picture

Yeah it's like they didn't take any lessons away from the brutal tongue lashing he gave them last time he gifted Congress moar moniez.

Thu, 12/20/2012 - 21:33 | Link to Comment IndicaTive
IndicaTive's picture

Maybe a good time-out will work this time

Thu, 12/20/2012 - 20:42 | Link to Comment michiganmaven
michiganmaven's picture

Someone call Kevin from the Fed !!!! Markets are down 4 points !! the world is ending PRINT BUY PRINT BUY PRINT BUY FED !

Thu, 12/20/2012 - 20:42 | Link to Comment IridiumRebel
IridiumRebel's picture

Plan CTRL-P

Thu, 12/20/2012 - 20:50 | Link to Comment Bunga Bunga
Bunga Bunga's picture

until Failer's plan 'F' fails.

Thu, 12/20/2012 - 21:14 | Link to Comment IridiumRebel
IridiumRebel's picture

See ya in the hot tub!

Thu, 12/20/2012 - 21:24 | Link to Comment NoDebt
NoDebt's picture

Bullish.

Sub-6.5% unemployment is fading away back over the horizon- and you know what that means.  Print-Party time!!

Thu, 12/20/2012 - 21:29 | Link to Comment THX 1178
THX 1178's picture

Who's Failer? Tim FAILtner? Ben BerFAILkne? Barack OFAILma? John BoehnFAIL? Nancy FAILosi? FAILly Reid?

Thu, 12/20/2012 - 21:30 | Link to Comment THX 1178
THX 1178's picture

And who could forget FAILlary Clinton?

Thu, 12/20/2012 - 21:52 | Link to Comment Bunga Bunga
Bunga Bunga's picture

You got on the FAILMA camp list.

Thu, 12/20/2012 - 22:51 | Link to Comment THX 1178
THX 1178's picture

Dang.

Thu, 12/20/2012 - 21:51 | Link to Comment IridiumRebel
IridiumRebel's picture

Failosi

Thu, 12/20/2012 - 21:22 | Link to Comment 1100-TACTICAL-12
1100-TACTICAL-12's picture

I know it's laughable but I called my Rep. Mike Conway for the 1st time. No new tax period cut cut cut.. SNAP,DHS,TSA,whatever it takes..I know it does not really matter but I had a good buzz and said what the hell

Thu, 12/20/2012 - 20:43 | Link to Comment Water Is Wet
Water Is Wet's picture

Nothing is STILL HAPPENING!

Thu, 12/20/2012 - 21:05 | Link to Comment cougar_w
cougar_w's picture

If they close their eyes and wish really really really really hard with all their best wishing hopes, and squeeze their lucky rabbit's foot, and pray to the tooth fairy really really really earnestly maybe it will all just go away.

Someone needs to write this up as a horror flick. All horror flicks have a scene just like this where everyone becomes stupid, except it's usually some stuck-up chick with big knockers whining "this is not happening this is not happening" when you say outloud shut up you stupid skank anyone can see it's happening and if all your brains weren't in your actual tits you would have been 15 miles away already on a Greyhound headed for Bakersfield.

That kind of flick. Except with Congressional leaders. And some of them can be men.

Thu, 12/20/2012 - 22:07 | Link to Comment knukles
knukles's picture

clicking little red shoes together...

Priceless imagery...:)

big tittied dumb ass skank getting on some dumpy old bus for Bakersfield, land of opportunity while the rest of the world is consumed by the golem loosed from the Congressional attic.......

 

Thu, 12/20/2012 - 22:36 | Link to Comment cougar_w
cougar_w's picture

Yeah yeah but get this ... In Bakersfield she gets a crappy job as a waitress in an all-nite diner, hooks up with an abusive boyfriend who grows pot in his basement, and feels like life has passed her by (never mind that all her friends were killed by a golem). Just when things are the most bleak for her she serves coffee to an influential casting agent who, on seeing those big bazookas fall out of her uniform, tells her he has this great part in a movie he's casting if she's willing to take a chance. She tosses her apron into the sink, jumps in his rented car and leaves Bakersfield forever, never looks back, and goes on to enjoy a modestly successful career doing cheesy horror flicks playing the stupid stuck-up chick with big boobs who always gets whacked 8 minutes in.

Thu, 12/20/2012 - 22:43 | Link to Comment knukles
knukles's picture

Cougar, you are on one helluv a roll tonite.
I got grins readin' ya' all over
Stay on it and enjoy

Say and doesn't half way though her next horror movie the golem come out, starts eating everybody and she winds up back on the bus to Bakersfield?  Sorta Pulp Fiction like sequence?

Thu, 12/20/2012 - 22:58 | Link to Comment cougar_w
cougar_w's picture

I'm just tuned, that's all. Some days are like that. Glad you enjoyed it. I did.

Got shit done at work, but so what. The world is going off a cliff, not much of anything making sense right now.

I'm writing a novel on the topic. Been getting into more than usually lately. Writing tunes me hard because the story is about hard nasty goings on. Bad things happening to good people, far worse things happening to bad people, and unthinkable things happening to all the people again and again and again and again.

No way out. There is a narrow place in the wall of extinction where you can squeeze through leaving everything else behind. But even that is not the way out. It's just the other side of no way out.

Fri, 12/21/2012 - 04:41 | Link to Comment Yen Cross
Yen Cross's picture

Knuckles does have a point?  Short and Sweet/

Fri, 12/21/2012 - 08:51 | Link to Comment StychoKiller
StychoKiller's picture

Anyone check the Mayan pyramids to see if the secret chambers have opened?

Thu, 12/20/2012 - 21:12 | Link to Comment cougar_w
cougar_w's picture

What the actual fuck. Okay now they're just screwing with us.

next up: Hanky Paulson on bent knee pleading for A Plan Any Plan At All even though it has nothing to do with him.

Update: Okay I get it, there can be no Plan now. I was saying a week ago they are going to scrap the whole "debt ceiling" thing and just print their way into moral perdition, I guess that's as likely an outcome now as any. This is going to end so badly ... in about July. This time next year we're not going to be think that any of this was funny.

Thu, 12/20/2012 - 20:44 | Link to Comment DMA
DMA's picture

More acomodation policy ? 

 

 

Thu, 12/20/2012 - 20:44 | Link to Comment Orly
Orly's picture

Where can I get cheap beats from Dr. Dre?

Fri, 12/21/2012 - 10:39 | Link to Comment Uncle Remus
Uncle Remus's picture

Where can I get my poodle clipped in Burbank?

Thu, 12/20/2012 - 20:46 | Link to Comment icanhasbailout
icanhasbailout's picture

Plan F

Thu, 12/20/2012 - 20:48 | Link to Comment nmewn
nmewn's picture

Plan C...for Christmas.

Pass a 90 day extension of current tax rates and whatever else is needed to postpone the “fiscal cliff,” and go home for Christmas to give time for a Grand Bargain which puts Democratic sacred cows on the table.

Fuck em.

Let Harry Reid refuse to bring it to a vote, and Obama refuse to sign it. Their inaction will be the reason for taxes rising for >>>everyone.

Everyone...sing along now...

IIIIIIII'lllllll be home for Christmas, if on-ly in-my-dreams ;-)

Thu, 12/20/2012 - 21:14 | Link to Comment A Lunatic
A Lunatic's picture

Ah yes, the old everyone blames somebody else while the taxpayers get ass raped again, zero accountability play.....

Thu, 12/20/2012 - 21:22 | Link to Comment nmewn
nmewn's picture

Yep...the post was just updated.

IIIIIIII'llllllll be hooome for Christmas...lol.

Thank you TPer's for standing tall...REALLY. The answer is no, lets all take a ride off the "fiscal cliff"...together ;-)

They need us, we do not need them.

Thu, 12/20/2012 - 22:28 | Link to Comment brettd
brettd's picture

I like the cliff.  

Sure, the tax rates go up, but I get spending cuts that I've only dreamed of for 30 years. 

Bring it on.  I'll take the hit. 

Fri, 12/21/2012 - 01:06 | Link to Comment Renewable Life
Renewable Life's picture

Amen Brother, I can't wait for the CIA and Pentagon to have to dip in to that Iran-Contra money from the 80's/90's to keep the phones on!!! Maybe we can get a break now from the phony "war on drugs, war on terrorism, and the fucking war on every American citizen" with the patriot act and and all its ugly spawn!!

Wait for it, Jan 3rd will have a fucking aircraft carrier sunk in the gulf and about 5000 dead and wounded seamen, and THEN the fucking tax's will go up without any spending cuts!! You fucking watch, you think im crazy, you just watch, these defense contractors motherfuckers are some serious cats, some shit is going to go down, BIG TIME, if you hold their slush money hostage!

THERE WILL BE BLOOD now!

Fri, 12/21/2012 - 08:23 | Link to Comment stant
stant's picture

now you know why that admiral got perp walked off his carrier

Thu, 12/20/2012 - 21:09 | Link to Comment Essential Nexus
Essential Nexus's picture

Hilarious.  I wonder though, do the indicies open UP tomorrow?

Fri, 12/21/2012 - 02:03 | Link to Comment dark pools of soros
dark pools of soros's picture

BTFD!!!

Thu, 12/20/2012 - 21:10 | Link to Comment j0nx
j0nx's picture

GOP is in pure chaos. You've got boner and his half basically a second wing of the democratic party and the tea party diehards as the other half who want nothing to do with this RINO bullshit. Until boner and crew rediscover their roots and stop sucking banker and section 8/illegal cocks then the GOP is a lost cause. It's time to choose boys. Americans are hungry for conservatism again, not dems in RINO clothing. As far as I am concerned a RINO is just another word for liberal.

Thu, 12/20/2012 - 21:19 | Link to Comment cougar_w
cougar_w's picture

"Americans are hungry for conservatism again"

Where did you come up with that? Americans are hungry for distraction and novelty. Unless conservativism includes a $500 gift certificate good for any online purchase at the Apple Store, I can't see Americans giving two shits about it. And no, $250 won't cut it. Five large or stay home.

The GOP should hire me as a consultant, I could straighten them out.

Thu, 12/20/2012 - 21:28 | Link to Comment NoDebt
NoDebt's picture

"The GOP should hire me as a consultant, I could straighten them out."

No.  You couldn't.  (It's been tried.)

Thu, 12/20/2012 - 22:00 | Link to Comment Freddie
Freddie's picture

Cut EVERYTHING (!!) 10 to 15% and put that on the table and tell the Dems to go F themselves.

EVERYTHING - like EVERYONE

http://www.youtube.com/watch?v=74BzSTQCl_c

This does not break my Hollywood (and TV) is corrupt Obam shit because it is a French director with a English actor who is not a libtard.

Thu, 12/20/2012 - 22:31 | Link to Comment brettd
brettd's picture

Interesting how a small but committed group people (TP) are a force. 

 

Thu, 12/20/2012 - 21:12 | Link to Comment Al Huxley
Al Huxley's picture

Ohhh, this is so exciting!  I wonder how it will turn out?  I wonder if they'll raise the debt ceiling?

Thu, 12/20/2012 - 21:13 | Link to Comment chump666
chump666's picture

c'mon hit 1.00%- and hold, DXY bid over 10% and Asia gets destroyed...we might, might, have a Christmas sell off. 

Thu, 12/20/2012 - 21:13 | Link to Comment e-man
e-man's picture

Krugman is working on Plan 9 From...

Thu, 12/20/2012 - 21:16 | Link to Comment Almost Solvent
Almost Solvent's picture

his anus

Thu, 12/20/2012 - 21:24 | Link to Comment cougar_w
cougar_w's picture

... Outer Space! Greatest bad movie evar.

It might be fun to do a kind of "Hitler learns that..." spoof on P9FOS, changing the dialog to be snips of Congressional testimony. It has zombies, wierd chicks, badly dressed space men, wacky scientists, jar-headed jocks, actual pie plates for invading space saucers, and really stupid cops. A cultural gold mine for our troubled times.

Thu, 12/20/2012 - 23:18 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

.

It has zombies, wierd chicks, badly dressed space men, wacky scientists, jar-headed jocks, actual pie plates for invading space saucers, and really stupid cops.

...and Criswell.

Fri, 12/21/2012 - 08:57 | Link to Comment StychoKiller
StychoKiller's picture

Except for the pie plates, you've given a highly accurate description of Congress... :>D

Thu, 12/20/2012 - 21:38 | Link to Comment N_Jones
N_Jones's picture

+1 for the plan 9 reference :)

Thu, 12/20/2012 - 21:15 | Link to Comment cafn8ed
cafn8ed's picture

Plan 'B' - Aborted...

Thu, 12/20/2012 - 21:15 | Link to Comment Dareconomics
Dareconomics's picture

The order of the vote was telling. Once the hardliners were able to vote for spending cuts, they were free to break ranks and withdraw their support for the tax increase. Mr. Boehner is getting some payback for denying the tea party their share of committee assignments. 

Was Cantor double-crossed? He claimed he had the votes for Plan B, so he was either lying politicking or some R's changed their minds right before the vote was scheduled.

dareconomics.com

Thu, 12/20/2012 - 21:19 | Link to Comment Seer
Seer's picture

It's all theatre!

People who don't want something will vote for it knowing it'll fail (the pretense of the "leadership").  And those who really want it will vote (sometimes) against it, also knowing that it won't pass (cover their asses if they're in tight districts).

First and foremost it's about Their re-elections.  Behind the scenes they're able to get other deals for their controllers (inside info or other bills).

"Sometimes when you win, you really lose; and sometimes when you lose, you really win; and sometimes when you lose or win, you actually tie."

- Gloria (Rosie Perez) from the movie White Men Can't Jump

Thu, 12/20/2012 - 23:30 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

.

It's all theatre!

...it's Cliff Diving Retards, the holiday hit from the writers that brought you Raising Eurozona.

Thu, 12/20/2012 - 21:14 | Link to Comment Seer
Seer's picture

I think they should go for "Plan B From Outer Space"...

Or, "Plan P" (for Ponzi).

"The secret plan is that we're going to keep doing exactly what we've been doing, for as long as we can."

- Daniel Quinn, in, "What a Way To Go"

Thu, 12/20/2012 - 21:16 | Link to Comment Eally Ucked
Eally Ucked's picture

What US needs is financial cliff. It may cause revolution though. Now we have Dems squeezing Reps balls because they want the CLIFF, do we understand it? Tax up, spenendig down that's what they want and there is escape goat too.

Thu, 12/20/2012 - 22:35 | Link to Comment brettd
brettd's picture

naaa...no revolution. A recession w/10% unemployment and even more cuts.  

Will feel like the Nixon/Carter years. 

Thu, 12/20/2012 - 21:15 | Link to Comment hannah
hannah's picture

funny to watch how 1% of our population can control the republican vote.

Thu, 12/20/2012 - 22:11 | Link to Comment knukles
knukles's picture

Like they got Fuck All Nothin' to do with the Democratic Vote

Thu, 12/20/2012 - 21:15 | Link to Comment YesWeKahn
YesWeKahn's picture

One day, I will print a big "FUCK ME" sign on Bernanke's ass.

Thu, 12/20/2012 - 21:17 | Link to Comment scatterbrains
scatterbrains's picture

lol but gold never telegraphed any of this stuff geez.

Thu, 12/20/2012 - 21:20 | Link to Comment Osmium
Osmium's picture

My ES chart just froze up after that last dump. 

Thu, 12/20/2012 - 21:20 | Link to Comment Wanton1
Wanton1's picture

Collapse is progress.  

Resistance is victory. 

 

 

Thu, 12/20/2012 - 21:32 | Link to Comment scatterbrains
scatterbrains's picture

which collapse? wtf is the Mayan apocalypse starting already ? wait let me pour a little extra Amaretto in my eggnog coffee first  sheezzz

Thu, 12/20/2012 - 21:21 | Link to Comment ugmug
ugmug's picture

Plan C is to build a diving board (hint: walking the plank) off the Fiscal Cliff for all the taxpayers who need to be re-educated.

 

Thu, 12/20/2012 - 21:22 | Link to Comment q99x2
q99x2's picture

Why doesn't someone call Rothschild and ask them what they've decided to do. Someone could have done that a long time ago and spared us the drama.

Thu, 12/20/2012 - 21:22 | Link to Comment Smuckers
Smuckers's picture

Finally, on a chart that isn't labelled "Silver"

Thu, 12/20/2012 - 21:21 | Link to Comment michiganmaven
michiganmaven's picture

Holy shit did we just frash crash after hours? Down 45 points in 1 - 5 minute bar !

Thu, 12/20/2012 - 21:24 | Link to Comment RagnarDanneskjold
RagnarDanneskjold's picture

How much leverage are you guys using? That chart is changing in increments of five ten-thousandths. 

Thu, 12/20/2012 - 21:25 | Link to Comment Dadburnitpa
Dadburnitpa's picture

Let 'em all bleed out.  It keeps things uncomplicated.

Thu, 12/20/2012 - 21:26 | Link to Comment Jason T
Jason T's picture

bond holders want their interest.. no funny money.  Austerity coming for US?  

Thu, 12/20/2012 - 21:33 | Link to Comment cougar_w
cougar_w's picture

Austerity? No.

Hell no.

We have cities here packed to the rafters with people who, if they don't get a $350 check every week from the government and their housing and health care 100% free of charge, will set their apartment complex on fire. People that do not care at all, not even a little bit. Any excuse at all -- power goes out, bus runs over a black kid, cop tasers someone -- and they break every window in every shop downtown and steal all the fashion sneakers and HD TVs for 20 blocks in all directions.

Austerity. That will be the God-dammed day.

Thu, 12/20/2012 - 21:48 | Link to Comment bunnyswanson
bunnyswanson's picture

It's not the people, it is the govt.  But you know that.  Austerity?  We are in auterity already.  China pulled 10 million out of poverty by taking 10 million US jobs you stupidsunofabith.  The corruption is at the top.  Trickle down theory indeed when the law makers break the laws - it's a green light to do what you have to in order to get what you want.

 

sethgary88 (signed in using yahoo)

It started with Ronald Reagan's "Trickle Down" nonsensical's through Bill Clinton's "Bridge To Nowhere", George Bush junior's "Shop Till The Economy Flops", and now Obama's Only "Hope and Change" for the worse. US All have been totally had by an American system that is Unbounded in corruption and hypocrisy. "When In Doubt, Throw The Incumbent Out" and repeat every election. "Disrupt The Corrupt!"
Thu, 12/20/2012 - 22:24 | Link to Comment cougar_w
cougar_w's picture

Okay fine. I shouldn't get down on the people. People have a lot of suck to work out that shouldn't be their's to deal with alone.

I don't know what to think anymore. I really don't.

All the suck is going to unwind, and a lot of people are going to get hurt, and nothing is going to change any of that and I don't know what to think about that anymore.

Thu, 12/20/2012 - 23:53 | Link to Comment Spastica Rex
Spastica Rex's picture

It is the way of things.

This is an amazing time to be alive.

Thu, 12/20/2012 - 22:49 | Link to Comment brettd
brettd's picture

Detroit has alot of available housing.

Thu, 12/20/2012 - 22:51 | Link to Comment Papasmurf
Papasmurf's picture

In this system, the $350 check etc. is the most effective way to push money to the top.  If you don't understand why, you don't understand the system.

Thu, 12/20/2012 - 23:00 | Link to Comment cougar_w
cougar_w's picture

I know what you mean.

That's why it will some day be actual money falling out of actual helicoprters.

Thu, 12/20/2012 - 21:26 | Link to Comment jtmo3
jtmo3's picture

Simply amazing. And I though ALL spending was supposed to originate in the house. So Boner says the pres and senate leader have to do it. Remind me again why we even pay any of these cock suckers. Does anyone up there do what they're paid to do? Talk about a cushy .gov job!

Thu, 12/20/2012 - 21:27 | Link to Comment DMA
DMA's picture

Ok so for the young traders here. 

Those red candles are when stock markets drop. 

Many of you may never seen red candles. 

Thu, 12/20/2012 - 21:27 | Link to Comment dvsteenk
dvsteenk's picture

did I just see a flash crash?!

Thu, 12/20/2012 - 21:27 | Link to Comment muppet_master
muppet_master's picture

what a COINCIDENCE !!!

on THE EVE OF 12-21-12......for the record....i called the recent SP500 TOP 2 days ago, when @ 1447....today it closed @ 1444...still didn't violate the TOP.  How did the MAYANS KNOW ABOUT THE FISCAL CLIFF, PLAN B going down the drain??? is the SEC gonna get em?? LOL !!!!

i also called the TOP @ 1474 day after QE3....then started covering in phases @ 1370, 1360, 1354 and went long there (temporary bottom was 1343)......got out @ 1402, 1409 (black fri).

reshorted @ 1409, 1418.........= not perma bear or perma bull....and i scale in....most importantly NOT A PERFORMANCE CHASER....don't chase going down or chase going up

how do you scale in (when going against you) and how do you not chase?? simple = don't watch casino every second...maybe 10 minutes a day....just monitoring and deciding when to add to positions (scale in)

Thu, 12/20/2012 - 21:29 | Link to Comment chump666
chump666's picture

flash crash on dow futures!    watch asia now...

Thu, 12/20/2012 - 21:37 | Link to Comment cougar_w
cougar_w's picture

Whoa. Well it's still only about 1% of the close, but that's a mighty impressive move all the same.

Ben better get up early in the morning if he plans on getting ahead of this one.

Thu, 12/20/2012 - 21:45 | Link to Comment chump666
chump666's picture

it was a major move, but now supported as the algo's chew back into the averages again.  they did this with sandy with long positions following.  notice oil still holding.

Thu, 12/20/2012 - 21:52 | Link to Comment cougar_w
cougar_w's picture

The Fed and JPM probably had their entire stable of meth smoking trading Umpa Lumpas on standby going into the vote. Look it only took them 10 minutes to put in a strong bottom on futures. Asia will open and they'll be on it like white on rice.

It's like a beautiful machine, really. You have to grudgingly admire how it all works.

Thu, 12/20/2012 - 22:06 | Link to Comment chump666
chump666's picture

lol

In someways I do admire it, but it's arrogant and flawed, like any human attempt at trying to control nature - which is basically the markets.

Thu, 12/20/2012 - 22:12 | Link to Comment bobert
bobert's picture

Everything will be as calm as Betty Lou on Bloomberg when we wake up. It's all under control. I'd hate to see her genuinely upset.

Thu, 12/20/2012 - 21:31 | Link to Comment dvsteenk
dvsteenk's picture

CAC40 futures dropped from 3680 to 3580, now back on the rise... 3640

all in minutes

Thu, 12/20/2012 - 21:35 | Link to Comment q99x2
q99x2's picture

Dow -248 now.

Look up at the sky. There goes Blankfein with a Grinches Christmas booty.

Man the drones Homer. Don't let him get away.

Thu, 12/20/2012 - 21:36 | Link to Comment northerngirl
northerngirl's picture

Much to do about nothing, this will all play out just as TPTB planned.  In the end all the players will come together and state they did what was best for the country. 

Thu, 12/20/2012 - 21:35 | Link to Comment dvsteenk
dvsteenk's picture

seems like algos also hunt for stops in the other direction...?

Thu, 12/20/2012 - 21:39 | Link to Comment RideTheWalrus
RideTheWalrus's picture

Thelma & Louise also drove over a cliff after disagreeing with a Boehner

 

 

 

Thu, 12/20/2012 - 21:39 | Link to Comment SKY85hawk
SKY85hawk's picture

Y'all need to look behind the curtain!

The corporation, UNITED STATES OF AMERICA, has exempted itself from all GAAP rules of fiscal management.  Proper accruals and timely reporting of the true condition of our country's finances would have woken people up many years ago. 

I hope Y'all remember that Obama and Boehner signed the 2011 Budget Deal. 

If Barry was true to his campaign promises, he would have vetoed the expiration of Bush tax cuts for the NON-wealthy.

Is it possible that these theatrical games prove that some politicians have woken up?

Is it possible that all the noise distracts us from the FACT that the Fiscal Cliff is really gonna happen?

 

 

Thu, 12/20/2012 - 22:01 | Link to Comment Tsar Pointless
Tsar Pointless's picture

Perhaps some of those politicians have awoken. But, if they have, they've awoken to the reality that they aren't the hosts of the show.

They either have a hand up their back end, or are being controlled by a few strings from above.

If you don't get either of those references, I'm saying their puppets and/or marionettes.

Nothing more, nothing less.

That so-called "Fiscal Cliff" was driven off of over 40 years ago. It's just been one long, slow-motion trip down, that's all.

Fri, 12/21/2012 - 09:11 | Link to Comment therearetoomany...
therearetoomanyidiots's picture

Cmon, we've had good times and good levels of wealth development...it all ended, in my mind, when Perot lost his battle with Bush.  Perot KNEW the progressive world builders in the ivy walls of Harvard, Yale, Princeton, Columbia had plans for the future.   NAFTA was the first blow to show what the elite planned, in order to expand corporations world wide, we needed to lower the standard of living in the united states.  Why?  Because you can't have people in the US making 80k (at that time) to run a rivet gun while children are working in India and China and everywhere else just to get a few grains of rice to stay alive.  Within a decade we were importing 'cheap' labor from India, sending service jobs to India, China, Pakistan.   Slowly and surely, the standard of living in the US is being transformed to match the crap existence of the third world.  Just think what has happened in the past five years.   People losing jobs, being forced, if they want to work, into multiple 10 dollar an hour, or less jobs.  THis all started with Clinton and the republicans.   No surer sign that both parties don't give a shit...from there they've slowly eroded the constitutional freedoms.  

Thu, 12/20/2012 - 21:40 | Link to Comment H E D G E H O G
H E D G E H O G's picture

throw 'em a Boehn!!  arf!    Have a Great CHRISTmas and/or Holiday...................

Thu, 12/20/2012 - 21:41 | Link to Comment Atomizer
Atomizer's picture

American Taxpayers won’t fuck around with US Civil Servant politician muggers until later. The international money managers who create money out of thin air, will get the plug pulled from of their inflatable sex toy first. We better ban those assault weapons, because Bernanke’s pea shooting ZIRP gun has run out of ammunition. /sarc

 

The Government neighborhood crime watch has no idea how to hide newfangled fraud & lie screenplays. Grab your popcorn folks.

William Shatner on Gun Control - It's How Well You Aim the Gun

Thu, 12/20/2012 - 22:16 | Link to Comment knukles
knukles's picture

a round is a terrible thing to waste

Thu, 12/20/2012 - 22:30 | Link to Comment Pareto
Pareto's picture

+1 for the "thank god for guns Jay"

Thu, 12/20/2012 - 21:41 | Link to Comment buzzsaw99
buzzsaw99's picture

Too funny.

Thu, 12/20/2012 - 22:45 | Link to Comment VATICANT
VATICANT's picture

See you at the pahty Richter!

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