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Obama To Assign Fault; Propose Plan D, Different From Last Friday's Plan C - Live Webcast

Tyler Durden's picture




 

We would expect the ingredients of the speech to be a pinch of self-denigration mixed with 6 fluid ounces of 'millionaires-and-billionaires', and a quart of "it's the other guys' fault." This coming from the man who precisely a week ago announced he would propose a "scaled down" plan, which today turned out was a complete lie: some leadership. Nevertheless. it will be interesting to see how his 'new' plan, same as the 'old' plan, is different from the 'new new' plan-to-come as he pushes the Senate to propose a 'new new new' deal that will really be a 'skinny irrelevant' deal - no doubt heralded by all asunder as a 'grand new' deal. Though it appears we should have no fear as McConnell and Reid are working on it and McConnell is "hopeful and optimistic." Farce!

 

For those who missed it, here is the WSJ rundown:

President Barack Obama said "the hour for immediate action is here" on a deal to avert the fiscal cliff. The president said he remains "optimistic" that an agreement can be reached in Congress before a looming year-end deadline to avoid tax increases and spending cuts.

 

If Congress can't reach a deal, the president said Congress should allow a vote on a basic package that would preserve tax cuts for middle-class Americans while extending unemployment benefits for the long-term jobless and working toward a foundation for a broader deal. Senate leaders said they hope to reach a compromise that could be presented to lawmakers by Sunday, little more than 24 hours before the deadline.

 

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Fri, 12/28/2012 - 19:56 | 3103621 Tombstone
Tombstone's picture

Assign fault, just like a good little socialist dictator.  Of course, he could never be at fault. 

Fri, 12/28/2012 - 19:57 | 3103627 GCT
GCT's picture

What a joke we now have for a president.  Fuck leading anything lets just point fingers and say, OH-Oh it is thier fault.  What a fucking crock of feces.  Many here have wanted it so I hope they do go over the sheeples fiscal cliff. They can tax and take 100% of the riches money for all I care at this point.  Guess what nothing is going to fricking change.  They want to spend and that is all there is to it. they want to take from not only the rich but also almost anyone working to redistribute to the have nots of the world.  The banks and large corporations are already fat with bailout money. 

I say lets do it and get this charade over with already.  This was the plan all along. 

Fri, 12/28/2012 - 21:04 | 3103641 Xanadu_doo
Xanadu_doo's picture

Hey, Mr. President, Mr. Speaker, and other "leaders": FFFFFUUUUUUCCCCCCKKKKKKKK YYYYOOOOOUUUUU!!!!

Fri, 12/28/2012 - 20:00 | 3103647 They Tried to S...
They Tried to Steal My Gold's picture

In 3 Simple Steps:

 

Term 1: Divide the Nation.... demoralize the citizens and create depency on the government. 

Term 2: Destroy an already dysfuctional GOP. Making them the scapegoats for everything dysfuctional with the government. Continue to use the government funded media outlets to enforce the message.

Term 3: Yes there is a Term 3. Nation's economy collapses and the dollar devalues. The Tea Party breaks off from the GOP. The GOP is a carcass. Tea Party looks to secede from the Republic. A leaderless Nation turns to Obama as their 3rd term President. 

With the help of the NSA,TSA and HSA.... the country is a quasi military state.

 

 

Fri, 12/28/2012 - 23:05 | 3104054 Almost Solvent
Almost Solvent's picture

Twat Was That?

Fri, 12/28/2012 - 20:01 | 3103650 They Tried to S...
They Tried to Steal My Gold's picture

In 3 Simple Steps:

 

Term 1: Divide the Nation.... demoralize the citizens and create depency on the government. 

Term 2: Destroy an already dysfuctional GOP. Making them the scapegoats for everything dysfuctional with the government. Continue to use the government funded media outlets to enforce the message.

Term 3: Yes there is a Term 3. Nation's economy collapses and the dollar devalues. The Tea Party breaks off from the GOP. The GOP is a carcass. Tea Party looks to secede from the Republic. A leaderless Nation turns to Obama as their 3rd term President. 

With the help of the NSA,TSA and HSA.... the country is a quasi military state.

 

 

Fri, 12/28/2012 - 23:05 | 3104057 Almost Solvent
Almost Solvent's picture

Can't Hear Ya. . . 

Fri, 12/28/2012 - 20:02 | 3103652 They Tried to S...
They Tried to Steal My Gold's picture

In 3 Simple Steps:

 

Term 1: Divide the Nation.... demoralize the citizens and create depency on the government. 

Term 2: Destroy an already dysfuctional GOP. Making them the scapegoats for everything dysfuctional with the government. Continue to use the government funded media outlets to enforce the message.

Term 3: Yes there is a Term 3. Nation's economy collapses and the dollar devalues. The Tea Party breaks off from the GOP. The GOP is a carcass. Tea Party looks to secede from the Republic. A leaderless Nation turns to Obama as their 3rd term President. 

With the help of the NSA,TSA and HSA.... the country is a quasi military state.

 

 

Fri, 12/28/2012 - 23:06 | 3104059 Almost Solvent
Almost Solvent's picture

Cause I got an ear infucktion.

Fri, 12/28/2012 - 20:25 | 3103721 Waterfallsparkles
Waterfallsparkles's picture

Obama is supposed to be the Leader of this Country.  He claimed to have a smaller deal.  He misled everyone.  Before the meeting he said my way or no way.  During the meeting and after he washed his hands on negotiating and said you deal with it and come up with something.  If you cannot just pass my plan.

He pulled a bait and switch.  Then said you deal with it.  He is the one that should be leading not passing the buck.

Fri, 12/28/2012 - 20:32 | 3103736 Tenshin Headache
Tenshin Headache's picture

"It is possible to embark upon a strategy without having made a strategic decision."

I hope that's all it is.

Fri, 12/28/2012 - 21:16 | 3103833 maximin thrax
maximin thrax's picture

Obama said something. And?

The recession precipitaing from the "fiscal cliff" dive will simply serve to preempt our regularly scheduled recession that would have come sometime in Obama's second term. Thus, the Boehner Recession serves to head off what would have been the Obama Recession, which will never be.

What's Obama's motivation to avert the fiscal cliff? Certainly not owning the recession already baked in even if the fiscal cliff is averted.

Fri, 12/28/2012 - 22:56 | 3104039 Grand Supercycle
Grand Supercycle's picture

Wile E. Coyote...

Reminder ~ the Wile E. Coyote scenario awaits – no matter what eventuates with the fiscal cliff.

http://trader618.com
http://tinyurl.com/ZH-Forum

Sat, 12/29/2012 - 01:44 | 3104226 SmoothCoolSmoke
SmoothCoolSmoke's picture

I'll say it again.  You run Romney/Ryan and now you're mad that Obama is calling the shots?   If the T-Pubs are mad things ain't going their way..... look for a mirror to find out who's to blame.  Too Funny.

Sat, 12/29/2012 - 03:19 | 3104270 Grand Supercycle
Grand Supercycle's picture

dupe

Sat, 12/29/2012 - 05:57 | 3104330 zebrasquid
zebrasquid's picture

Well, he at least looks tanned, rested and ready after his Hawaii vacation.

Sat, 12/29/2012 - 07:06 | 3104349 Didn't build that
Didn't build that's picture

he didn't build that

Sat, 12/29/2012 - 09:54 | 3104429 falak pema
falak pema's picture

american pie : Oligarchs sing class warfare from both ends of the same aisle: we don't want to lose OUR way of life!

Let the OTHERS burn! 

Sat, 12/29/2012 - 12:24 | 3104543 Nels
Nels's picture

Plan Z - The Republicans should let us go over the cliff, and then fight tooth and nail to prevent any of the programs shut down by the cliff from ever starting up again.

Chances this or anything remotely similar to this happens: about 1 in 1million.

Sat, 12/29/2012 - 12:36 | 3104563 roadhazard
roadhazard's picture

The deal WAS the legislation upon going over the "cliff". Taxes have to go up and so it will be with each blaming the other side. Mark my words, the military cuts will be repealed but nothing else will.

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