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Twas The Last Obama Conference Before Cliffmas...
... and all through the collocated server house, GETCO algos were stirring, hoping (as this is the only "strategy" left) that maybe, just maybe, Obama can pull a unicorn out of his skittles-dispensing hat. He won't, and most likely we will get one last does of stern fingerpointing, harsh language and accusative condemnation of those wascaly wepublicans. But find out for yourselves in 15 short minutes, when the market may be closed, but futures will still be open, although at least subject to the limit down rule. Of course, if the news was good, it would have come before 4 pm...
In all seriousness, what Obama will discuss is a last ditch extension, one which merely kicks the can by a week or two. From Politico:
Obama’s $2.4 trillion proposal is still on the table — and it remains his preference. But administration officials said Friday that it would be difficult to pass unless House Speaker John Boehner (R-Ohio) decides to rejoin the talks. And he has given no indication that he will.
So the White House is looking at one option under consideration by the Senate Democratic leadership: a smaller package that would extend the Bush-era tax rates on income below $250,000, pause the across-the-board spending cuts known as the sequester and renew unemployment insurance benefits, according to Senate and administration officials.
It would hold off a significant portion of the fiscal cliff, minimizing any economic shock in the new year. But it means a host of tax provisions would likely expire, little would be done to address the debt and deficit, and no process would be set up for overhauling the tax code next year. There would be no agreement on entitlements, and no resolution on raising the debt ceiling.
Faced with few good options and a shrinking timeline, Democrats are trying to put the squeeze on Boehner after he failed Thursday to come up with enough votes for his bill extending tax breaks on income below $1 million.
Dropping the income threshold to $250,000 would be a complete capitulation for Boehner, and the math for getting the votes is tough.
But the White House assumes that, if the Senate passes a bill, an isolated House Republican majority will feel pressured to act, similar to the way the 2011 payroll tax cut fight and debt limit showdown played out.
Or not.
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Barry says "Have a crazy Kwanzaa!"
he's only choomin'
Goosin' dah mahkets...
Resignin' MoFo...
Any idiot could write this speech today:
"The Republicans couldn't agree and provide me with a proposal. But let me be perfectly clear: I stand ready to deal with this and defend the middle class."
Bla bla bla. Is this moron ever on time?
5:15 now.... do you know where your fascist leaders are?
How about HIS “read my lips” moment? Remember when he assured all of us during the debates, “There will be NO CLIFF”?
Looney
Read everything BO says as opposite of what he really means.
We need more money to halt the proliferation of psychiatric drug use and misuse.
Can someone state simply what happens if/when we go over the cliff?
We raise 4X more in taxes than we reduce in spending and yet we still rely on Benny and the Feds to fund $1T in deficits...any other questions?
...oh and maybe the drepession we've been papering over finally hits.
Debt does not matter. Cliffs does not matter. America has no intentions to pay the debt. Middle finger to all creditors.
The government is becoming its own creditor. The Fed gives all interest profits to the Government. So this is all an illusion.
THX, GDP goes negative and debt service declines.
Lots of pain for the sheeple, as they're going to get poorer, quicker now that we're all out of Hopium to mainline.
Nailed it, FTW.
May Cliffmas ebbody.
I wonder how many children he ordered killed today in drone strikes?
Late again...BPT
When they ultimately extend the "Bush" tax cuts yet again, will they be renamed the "Obama" tax cuts?
Ab-so-fucking-lutely
why so fucking much attention on the fiscal cliff.....its just a blip in amplitude to the debt/spending problem that we aren't facing.
a resolution or lack of resolution to the cliff is insignifcant-----unless its resolution makes a statement and paves the way to tackle the real problem
Its not really 5PM until Barry SAYS it is 5PM
He's on Kenyan time.
These are jokes folks. Tip your waitresses generously.
Today;
Sen. Rand Paul Objects To Indefinite Detention Language In NDAA - 12/21/12
http://www.youtube.com/watch?v=GvuhVu0z9p4&feature=youtu.be
Senate to Consider FISA Renewal; Rand Paul to Offer 4th Amendment Guard
When FISA is finally brought to the Senate floor, Senator Rand Paul (R-Ky.) will introduce the “Fourth Amendment Protection Act.” As its name suggests, Paul’s amendment will reportedly explicitly spell out that the Fourth Amendment’s protections against unwarranted searches and seizures extends to third party searches conducted by NSA and other intelligence agencies. Such searches usually target records of electronic communication stored by telecommunications and Internet companies such as AT&T and Google.
http://www.thenewamerican.com/usnews/congress/item/13992-senate-to-consider-fisa-renewal-rand-paul-to-offer-4th-amendment-guard
Senator Rand Paul called Senator McCain a Troll to his face. If it looks like a troll, walks like a troll, acts like a troll, It's a troll.
“Fourth Amendment Protection Act.”
If only such a thing were possible anymore...1984 police state is here.
nay they would have to amend the bill; vote; show up to work; ya know....not hookers-and-blow...
"Sorry I'm late
But mah drones can't wait!"
Twas the night before Christmas and all thru the house
Nothing was moving, not even a mouse.
The hellfire had blown everything all apart
The house was still smoking, even ole Claus.
As he hopped on the plane to head to the west,
You could hear him exclaim
Those Drones are the Best!
The Tea-Party "chuckleheads" are certainly making this interesting.
If we go over the fiscal cliff, there will be a collapse.
But I just don't see it happening.
Wall Street owns Washington.
The tail is wagging the dog.
http://www.angrysinner.blogspot.kr/2012/12/yesterday-i-didnt-drive-jim-to-school.html
All of us here are on the same page. We just watch this stuff for the "Show" value. We all understand that nothing of any substance will ever come from this government. It is amazing that the sheep of this world will never wake up. We are so in debt, it is phenomenal to even try and comprehend the numbers. These guys are all Harvard grads or similar. They understand how screwed we are. This is all a "Dog and Pony" show to keep the masses at bay. They need to see how long they can keep the damn from bursting. The Fed has to be buying treasuries, stocks, mortgages, etc. On and on. I am really surprised that another country has not called us out...but I guess we have the drones. And we still have the fist to punch with. And of course putting this entire bullshit into perspective......Let me see if I understand this.....We overspend by about $1 to $1.5 Trillion every year? Right.....and these bastards are arguing over cutting $160 billion a year over 10 years? Are you kidding me? The Deficit is out of control. Don't we need to cut $2 trillion right now (Per Year). That would give us an extra trillion per year to cut the DEBT? Right? So in 16 years we are even. And then we have to balance out Medicare and Social Security...Right? I am just a college drop out that opened my own business that worked....Why is this so easy for me...and so difficult for our wizards in charge to handle? I do already know the answer...just ranting because you guys are the only ones that get it. This government is corrupt from the bottom up. The trickle down economics only works if you are "In the Club". And all of us are not "In the Club". My final question is this......and I would like you to elaborate on your answer. Is there any fix, or is war/Revolution/Collapse/Full Reset, etc the only way? Thanks for your time.
revolution or world war seems to be what they're betting on... sad whiskey-drunk representitives they-arrrrrrr!
Take this man to the asylum. He's speaking nonsense! Bernank says everything is OK.
Can you believe Romney lost to this failure ???
Yes.
2013: Year of the Economic Shit Blizzard
Have a stiff drink or two...or six.
Way ahead of you there, pal.
No shit, ANM. May have to throw in a few shots to get past that little gem of literary license, "isolated House Republican majority".
I can't wait to see what the view's like.
Is he really going to be standing on THE fiscal cliff, this is awesome.
Look.
Yeah, that's it.
If ya' leans just a little more...
Just a bit...
Keep leanin'
Cum'on
You know what I means...
What?
Whadju say?
Should we take bets on how late he is going to be?
...13 minutes for King.
I take the over.
...he is a arrogant King
This fuggin guy. What a puppet. Probably memorizing his lines in case the teleprompter goes on the fritz.
Puppets don't care 'bout that! They just fall silent.
More likely he's doing shots in order to not exhibit the "Bernanke Quiver."
And the over wins ;-)
He can't even get his ass to the podiu by the deadline and you expect him to get a deal with Congress by the year end deadline...puhlease people
Phuck, he is probably pumping up Michelle
Barry, come in from playing in the surf, the American people want to hear you blame Republicans again for all the country's problems.
I doubt they've had sex more than the two times it's documented.
You must not be aware that he hangs out with the boys in those "clubs."
And who sayas the mooch ain't well, uh, you know...
Yeh. It's Larry S down between his knees.
Down arrow just for putting that visual in my head
How disgusting. Everyone should be thinking about Peace and Good Will towards men. All we have is this asshat spouting politics.
Rideum Cowboy..........................weeeeeeeeeeeee. See ya down the rabbit hole...........
And all through the house, it was quite as a mouse.
Three fingers of tequila everytime the chief asshole says "balanced".
Going with White Russians here, dude. But I'm sure President Zero has nothing but good news, as this would explain the fellow who just dumped 997,000 shares of the Roach Motel [SPY] ABOVE the ask.
It all makes perfect sense.
He doesnt even need to talk, we know what he'll say. He's jsut goign to blame the repubs. There's no incentive to do shit until 0 hour.
DOUBT WE'LL HEAR ANYTHING SOUNDING LIKE "FAILURE OF LEADERSHIP"
Unless followed by:
by John Boner
by the Republicans
by my opponents
by our opponents
by everybody's opponents
by our evil fucking opponents
by those who are not serious
by screwing the middle class
of an Unprecedented Nature
that I am here to rectify
that I would never have displayed
that I am not responsible for
that only I can correct
that I will take care of
that will never happens again as long as I am leader
was shown to be irresponsible
was heralded by evil people bent upon the destruction of the middle class
Are these the evening's drinking game catch phrases?
Time to open up a can of Cloward-Piven strategery and take a big sip. Overwhelm the system, and compel it to collapse on itself. Only then can the Alinsky-ites create a crisis for meaningful reform in their eyes.
President jackass needs to keep the crisis going for two more years so he can run for a 3rd term.
Just watch. In the next week they will agree to protect the middle class cuts and push the debt ceiling out a year and accomplish nothing else. The market will climax - rinse and repeat.
I'm not sure I have it in me to keep fighting these bastards. Life is short.
Republicans are pissed and need a solution that addresses deficit reduction similar to Budget Control Act of 2011.
I'm all for the good fight...but once average joe hears his tiny paycheck is getting even smaller - Congress will roll over and pass some watered down POS.
Love to be wrong though.
You got 2 years and Obama signed 2011 Budget Control Act. Bad economy falls on the party in the White House. Two years befor reps face re-election.
maybe another bipartisan super-commitee will do something (nothing) this time.. duh!
Fighting them is what they want, as it empowers the polarity (even if you're not falling for the faux lefty vs. righty divide).
All one can do is to walk away, and let the delegitimized system collapse upon itself.
So this is good right? Honestly I don't even know anymore
Is is possible to demonize the Repubs even more? Maybe he'll issue a Fatwa.
Oh come on, only Muslim Imams can do that.....
oh....
He's a semi-black semi-christian semi-saint with a Nobel Peace F'n Prize. He can do ANYthing.
Has he ever been on time?!?!?!
Well you know, he did already give one speech today.
You can't expect the man to put in more than 20 minutes of work a day. What kind of role model would that be for Black America?
Tyler is on the roll today with the snarky jokes. ;-) Keep em coming, it distracts me from this horrific nightmare we call the markets!
The blind retarded monkey thing really hurt. All I was missing was a DARTBOARD! I could have retired 3 times by now if he had only told me about the damned dartboard!
Don't feel bad, I forgot to poke the monkeys eyes out. :-)
From last night: http://www.youtube.com/watch?v=aVeQl_u7sQg
I need to see the "headshrinker" after that tube fuu.
It's just autotune.
punctual
What is the best site to watch Stock futures LIVE....like a ticker sysmbol or graphs? I want to see if we have a roller coaster. CNBC futures suck
Like it don't matter anymore! It's 12/21/12 here in the Great Peoples Republic of Lunacy and Free Shit on the West Coast, domestic markets are closed and betcha ain't heard a peep outa the far east, no?
So go scare some kids, tell 'em tomorrow is already gone across the international date line.
Let the little geniuses figure it out for themselves.
I dont know of a site but TD Ameritrade has 2 platforms that allow for it, like thinkorswim.
try here: http://www.investing.com/indices/us-30-futures-advanced-chart
Tick Tock...Tick...Tock...Hmmm.
...Michelle is taking away his Assualt rifle!
isnt it a little dark, to still be on the golf course ?
Not in Hawaii. That Whitehouse thing is all bluescreen.........
may be TIME man of the year, but he is never on time !!!!!
It takes time to load up the teleprompter after his crack staff finished concocting it's latest "the GOP is evil" speech
if Bohner, needs me, he knows where to find me
n Hawaii !!!
Cliffmas
<golfclap>
Funny :)
Get off the bog Barry, there's a time and a place for a wank.
PROLLY GETTING SOME LAST MINUTE POINTERS FROM MAXXINE WATERS AND JOE "WE MUST SPEND MONEY TO KEEP FROM GOING BANKRUPT BIDEN" OR NANCY..."CREDIT IS THE LIFEBLOOD OF THE ECONOMY PELOZI"
Maxxine Waters.
Another gem from the Land of Free Shit and Lunacy.
No offense but I've heard Waters speak twice and can't only not figure out how she got into Congress but have a hard time believing she can dress herself.
Maxine "I marched because my mother couldn't get an abortion" Waters.
Don't all the good stuff happen when everyone is on vacation?
Does waiting somehow fucking boost the GDP ?
must be watching Django Unchained....
I'm waiting till he talks to find out if I'll be able to support that third data plan and the idildo that goes with it. If he reassures me that everythings ok, I'll go ahead and finance that new Lexus too. Screw it....... I can't wait on him like this. What's a little more debt gonna hurt in the big picture anyways........... where do I sign?
...I do not know about a new car, but between Daddy Bernanke's printing and King Obama's spending the car will likely depreciate slower than the US Dollar. Make your baby happy and screw as much as you can. GO, GO, GO....
Cliffmas®. Copyright © 2012. All rights reserved
Late because they are trying to revive Harry as Obuma will extend all the tax cuts
Okay...my prediction....Obama will trade like a Kenyan dictator... just dig in his heels, say he feels for the humiliated Boehner...and say that middle class, fairness, etc... Let people go home ocver theweekend thinking that Xmas is going to be ruined by the REPs. Come Monday, mkts down and the sheeple (Lame Stream Media) screaming at REPs to sign Obama's "fair", "responsible", bill.
It's what Evita and Il Duce would do...
Five thirty -two...and a half...my guess
Well I waited until 5:30 to hear if I was getting a tax cut for Christmas. Last day of the year for me, so I'll stop my accountant's house to give him his bottle of scotch and figure out what I need to do to cut 10% off my bill next year.
Got some great receipt fonts.
....and all through the house,
The Tea Party was stirring,
stop that spending Louse!
oh goody, we get some other douchebags talking too...
summed up....
BLAH BLAH BLAH
EVIL RICH EVIL RICH EVIL RICH
SPEND SPEND SPEND
I LOVE the bait and switch routine.
Evil Rich over $1,00,000
Evikl Rich make $1,000,000
Increase taxes on everybody makes over $25,000 gross unadjusted raw fucking peon shit a year....
How the fuck did we ever....
Welcome, everyone. I had to take one hell of a dump. Michelle had the kids last night and I went soul food mad at that restaurant down the srteet. Fried chicken, grits, and callard greens do one hell of a number on my stomach. Must be my white grandmother.
What I can't stomach are racial comments in lieu of intelligent commentary. Your attempt at humor is lost in your obvious fear of those who are not white - you are out of line and have added nothing to the discussion. Were you to at least spel a few wards crrctly it might have been less offensve two.
Did you bed a negro? Maybe your name means something else, culturally speaking of course.
Why do you keep acting like he's black? He's likely never even seen a collared green, let alone ate one.
Arugula, OTOH...
Cookies and eggnog. NOW we're getting somewhere!
http://i.imgur.com/BvIFQ.jpg
This guys fucking scary. Such ambition he has for his own america. Scary shit. this guy clearly wants to be a dictator
So, he's qualified for the job, then?
Obama needs to lay off the Lithium! He's rattling on like a lose book end!
BABBLE BABBLE PUKE...THE END
kicking the lecturn over as he concluded is the only thing more dramatic he could have done.....
hahahahahaha. Those reporters at the end were hilarious! Just shouting hot words.
all i heard was NRA .........LOL!!!!!!
HE DIDN'T TAKE QUESTIONS!!!!!!!!!!! PUT HIS HEAD ON A STICK!!!!!!!!!! DOESN'T HE KNOW It'S A PRESS CONFERENCE!!!!! AAAAARGGGGGG!!!!!!!
Dude! Plane was leaving.....he had to roll to Hawaii.
http://twitchy.com/2012/12/21/nra-presser-lapierre-blasts-media-media-meltdown-ensues/
Yep. In a hurry to get to his Satanic Mass so he can drink and offer the blood of the kids killed in CT to his Luciferian Master.
So the solution is Hopium. Lol, merry xmas indeed, lay off that egg nog Barry.
10 days ?????.......this guy cant even count !!!!
What, I waited how long, popped out to make the missus a camomile tea, got back, and he's fucked off, charming.
How was the view?
" Lets agree right now to agree on stuff we already agree on"....We are so fucked...
Disagree on the stuff we already disagree on
And see who can figure up any other absolutely useless picky new shit don't have a damned thing to do with the big picture that we can distract the peasantry with over the holidays.
Hey John, get your envelopes, too?
Great shit huh?
See ya on the first tee at Makaha West, baby. Just tell 'em you're with me. (big toothy grin)
Look on the bright side. If we go over the "fiscal cliff" the Fed won't have to print as much money....right?
I can't remember who exactly it was. Earlier I heard some MSM retard talk about the Fed. monetizing $45 billion a month, and bitching about it. I wanted to strangle the fucking MONKEY!
$45 billion my ass/ Try $85 billion! That fucktard didn't even discuss the ponzi MBS buyback program!
Hey, GREAT!! He probably will come clean on Benghazi... tell us all about why he covered up fast and Furious... explain the US participation in the LIBOR scandal and announce he will have "Roach" Holder prosecute Corzine, Dimon and Blankfein for financial crimes... I beg your pardon???
You're on the list, buster.
The ( troglodytes) have emerged from their caves/
BULLISH 'EGG Nog' Bitchezs
FORWARD!
A few rich corporations, bitcoin and social digital democratic open source software could move forward without these primative fools and quickly leave their whole perverted system in the dust. A new year right around the corner. Mayan calendar ends in 1 hour here in California and the rest is within the arrow of time.
Fiscal cliff is another useless term used over and over to numb the herd as to what's really going on.
Endless spending has kept markets going since 2000. This is a process folks, not an event - like fiscal cliff - there is no fiscal cliff - this is just more of the same process.
The world economy goes from leveraged to deleveraged. There's about 700T (you read that right) of unfunded liabilities sitting out there. And that's how far we are leveraged.
When this shit deleverages, what a fkg mess we will be in. Everyone gets impacted including Warren Buffet. So pay attention to the fiscal cliff - it's what they want because it doesn't exist. The real issue is deleveraging - a process that will take many many years to fix.