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 - 19:38 | 3103566 knukles
knukles's picture

"Nationwide NoBama-inflamed polarization has already gone disturbingly way too far..."

Amen to that, brother.
Way past anything considered acceptable civil, moral, ethical, mature behavior.

Fri, 12/28/2012 - 23:37 | 3104104 Freddie
Freddie's picture


2:10 "Totally beyond the pale of any acceptable human conduct."

Tyler's had a GD Spradlin clip with Al in another Coppolla film.  This clip was written by John Milius (Wolverines!).

Note the evil CIA guy.  They are always there helping - like today with Bronco Hussein during these times of tumult.


Fri, 12/28/2012 - 19:54 | 3103611 ZeroAvatar
ZeroAvatar's picture

............tax & REDISTRIBUTE......FIFY.



"From each, to each............"

Fri, 12/28/2012 - 19:57 | 3103617 Miffed Microbio...
Miffed Microbiologist's picture

Absolutely correct. The only question I have is what's the next move when all the blood has been squeezed out of the middle class. I just see visions of tractor buckets ala Solent Green but I tend to run on the pessimistic side.Perhaps they'll just put Soma in the water supply and we'll be passive and happy in our new state. Too bad for me I'm on a well.


Sat, 12/29/2012 - 16:52 | 3105169 monad
monad's picture

Read The Stand by Stephen King.

Fri, 12/28/2012 - 19:05 | 3103429 riphowardkatz
riphowardkatz's picture

I pity you fool. The tea party hahaha. and that is why Obama brought the same proposal that he knew would never be accepted. come on, I am guessing even you are not that dumb

Fri, 12/28/2012 - 18:52 | 3103372 Chewybunny
Chewybunny's picture

Someone! Make a drinking game out of this.

Fri, 12/28/2012 - 18:53 | 3103373 f16hoser
f16hoser's picture

Fuck It. Lets go right to plan Zulu.

Our government is broken. All levels. Let's not call it a Civil War, which we all know is coming. Let's call it a Governmental Enema. That’s what it is. Flush the shit-heads down the toilet and let’s start over.


Fri, 12/28/2012 - 19:57 | 3103622 DosZap
DosZap's picture

Fuck It. Lets go right to plan Zulu.

Our government is broken. All levels. Let's not call it a Civil War, which we all know is coming. Let's call it a Governmental Enema. That’s what it is. Flush the shit-heads down the toilet and let’s start over.

I liked Op Phoenix better.

If Feinsteins bill is passed(as written), you are 100% dead on, there will be Massive Non Compliance, and the SWHTF.

Just dropped by local two largest gun shops, all semi auto's (rifles),and used handguns,were bare.People were buying 1911's, as if they think since they are 6-8 shots, they are safe...........NOT, they make 20rd mags for .45ACP of 1911's.

Only semi clone assault (misnoner) style items for sale are consignments by customers, and only 3-4 of them, and all at 4-6x's original cost.

Fri, 12/28/2012 - 18:56 | 3103382 muppet_master
muppet_master's picture

ZH's video feed

is about 1-2 seconds AHEAD of bloomberg tv and 2-3 seconds AHEAD of cnbc !!! go figure !!

maybe the stupid HFT's can "capitalize" on those 3000 milliseconds !! LOL !!!!!

Fri, 12/28/2012 - 19:17 | 3103469 Conman
Conman's picture

TV stations run a delay for FCC reasons. Dont want to get a dick or fuck on the air.

Fri, 12/28/2012 - 19:30 | 3103522 XitSam
XitSam's picture

Then why is Obama being broadcast?

Fri, 12/28/2012 - 18:58 | 3103388 El
El's picture

That's it? That's all he had to say? What a waste of time.

Fri, 12/28/2012 - 19:03 | 3103413 Jayda1850
Jayda1850's picture

not nearly as much of a waste of time as the congressional leaders meeting at 3pm. Though they are still getting paid so they gotta look like they're doing something I guess.

Fri, 12/28/2012 - 18:58 | 3103390 FubarNation
FubarNation's picture

What a useless waste.  Shame on the election machines that elected this guy.

Fri, 12/28/2012 - 18:59 | 3103395 The Gooch
The Gooch's picture

Thanks you very much everybody.

I'm going back to Hawaiii now.

Gotta work that par 5.

R.I.P. Dave Brubeck - http://www.youtube.com/watch?v=o2In5a9LDNg


Fri, 12/28/2012 - 19:00 | 3103402 Surrealist
Surrealist's picture

Looks like a stop-gap measure a coming.

Fri, 12/28/2012 - 19:01 | 3103406 RedToad62
RedToad62's picture

So let me see if I got this right...Now they want to ram through a deal that repeals the laws that go into effect to try to remedy the debt situation.  What was the point?  Were the laws all for show?

1 step forward, 2 steps back.

Fri, 12/28/2012 - 19:34 | 3103545 XitSam
XitSam's picture

No, no. You don't understand. They want to ram through a deal that repeals the laws that go into effect to try to remedy the debt situation. And war is peace, hate is love, defecits are free money.

Fri, 12/28/2012 - 19:02 | 3103410 SKY85hawk
SKY85hawk's picture

We don't want Taxes to go up on middle-class families?

What a CON-JOB!

I hope Y'all remember that Obama and Boehner and the House and the Senate 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 last year.


Fri, 12/28/2012 - 19:04 | 3103421 knukles
knukles's picture

Well, looks like they at least got back to the same "no deal, you gotta be kidding me" place they disagreed on a week ago before everybody went off for the holidays and then came back for the Total Enlightenment..

How wonderful.

Fri, 12/28/2012 - 19:04 | 3103424 Clowns on Acid
Clowns on Acid's picture

What can Congress possibly agree to without a hint of austerity spending cuts?

Kicking the can...will not pass REP House. ES = 1200 by end of January? Gold down heavily...until Ben warms up the helicopter....to limited effect. Gold screams like Smith and Wesson stock price.

Fri, 12/28/2012 - 19:28 | 3103513 SheepDog-One
SheepDog-One's picture

They got nothin left.

Fri, 12/28/2012 - 19:49 | 3103596 Tenshin Headache
Tenshin Headache's picture

Other than the actual thing that we sent them to Washington to do.

Fri, 12/28/2012 - 19:05 | 3103427 FubarNation
FubarNation's picture

To be honest all I care about this moment is the putting through the AMT patch.  Extending Bush tax cuts would be icing on the cake. 

Fri, 12/28/2012 - 19:06 | 3103431 MyBrothersKeeper
MyBrothersKeeper's picture

"Barry Christmas Baby"!!

Fri, 12/28/2012 - 19:07 | 3103432 Papasmurf
Papasmurf's picture

Wednesday they raise the debt ceiling and don't raise any new revenue.  Gold goes to $2K. 

Fri, 12/28/2012 - 19:12 | 3103448 justanothersucker
justanothersucker's picture

Hey, at least the long shormen didn't strike.  We can still get ALL the cheap Chinese crap we want!  That's a big win for the middle class!

What a load of crap that news conference was.  That was BHO smacking congress down again.  He sits back and does nothing except sandbag for months and then rides in on his 747 to SAVE THE DAY!  The republicrats will bite and there will be NO cuts and NO defecit reduction and NO relief for our children.  Sorry kids but this balancing the budget thingy is just too darned hard.  Now go do your homework!

Fri, 12/28/2012 - 19:20 | 3103476 knukles
knukles's picture

Narcissism on Parade.

Fri, 12/28/2012 - 22:10 | 3103949 FreedomCostsaBu...
FreedomCostsaBuck-o-Five's picture

TelePrompTer auto feeds:
"Let me be clear...
"Make no mistake....
"Millionaires and billionaires...
"Ordinary folks....
"I inherited the worst economy since the Great Depression
"Create jobs in this country...

-- I can't add more, I might have an Obasm

Fri, 12/28/2012 - 19:15 | 3103457 Oldballplayer
Oldballplayer's picture

If the Tea Party had any balls, they would vote no on any bill, and get the rabble out on the mall with pitchforks.

That way they will be easier for the Social Security Department to shoot with all of their extra ammo.

Fri, 12/28/2012 - 19:19 | 3103473 Getting Old Sucks
Getting Old Sucks's picture

Video not working.

Fri, 12/28/2012 - 20:59 | 3103488 sitenine
sitenine's picture

That's because you missed it.

Go here to view the archived video on C-SPAN: http://www.c-spanvideo.org/program/ObamaStatement

Fri, 12/28/2012 - 19:21 | 3103478 Printfaster
Printfaster's picture

It is all China now.

This is nothing but the grave robbers playing dice for the dead man's watch.

Fri, 12/28/2012 - 19:27 | 3103504 SheepDog-One
SheepDog-One's picture

More 'I offer you nothing' from the Commander of Theives.

Fri, 12/28/2012 - 19:28 | 3103508 slaughterer
slaughterer's picture

Incompetent D.C., total farce, as ZH predicted.  Kick them all out.

Fri, 12/28/2012 - 19:29 | 3103517 SheepDog-One
SheepDog-One's picture

My dream is dragging them all out with ropes around their necks kicking and screaming and hauling them up lamp posts.

Fri, 12/28/2012 - 19:35 | 3103549 I am Jobe
I am Jobe's picture

Nice dream. Also do not spare their families.


Fri, 12/28/2012 - 19:28 | 3103511 stant
stant's picture

flew all the way back early to say fuck you

Fri, 12/28/2012 - 20:17 | 3103696 Esso
Esso's picture

That was money, well... spent.

Fri, 12/28/2012 - 19:32 | 3103527 Waterfallsparkles
Waterfallsparkles's picture

It is pretty clear what is happening.  At least to me.

He brings everyone back on his supposed reduced deal.  Yet, he does not have a reduced deal. He only has his original deal.

He said in the Press Confrence that the Congress and the Senate were going to work on a deal.  IF they cannot come to an agreement then he wants them to vote on his original deal.  Put his deal to the Congress for an up or down vote.

That deal gives him everything he wants including no Debt Ceiling over site from Congress for 2 years.  He is hoping that the Republicans will vote for HIS plan to avoid all of the Tax hikes on almost all Tax Paying Americans.  He has pushed it down to the wire where they will feel pressure to cave to his demands to save the Average American or made to look like they are against saving the Average American Taxes.

If I was in the Congress I would vote down any deal that gave him the authority of Congress to spend the nations money without the approval of Congress.

I disrespect him for using the tactic of having a reduced plan and then pulling it away like Lucy and the football with Linus.  Just to try to get a vote on his plan all along.  This is in my opinion dishonest, manipulative and not fitting behavior of the President of our United States.

Fri, 12/28/2012 - 23:00 | 3104038 Almost Solvent
Almost Solvent's picture

Obama has always wanted to go over the cliff - there was never going to be a deal prior to 1/2/13 (at the earliest).


None, never, not any.


Once we go over the cliff, then the Republicans are forced to accept whatever Obama wants since they can't override a veto or even get a vote in the Senate unless Obama wants it. 


And it's not much different than Georgie Boy, Clinton, and most presidents before him. Remember FDR's court-packing plan?


Don't mistake politics for some morality of dishonesty or manipulation just like one should not bring a knife to a gunfight. Boehner has a swiss army knife and Obama's got a fucking bazooka. Might may not equal right, but it does in politics until the next election or scandal rearranges the deck chairs. 

Fri, 12/28/2012 - 19:34 | 3103540 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

I recognize that using soundbites like "millionaires and billionaires" in the ongoing debate provides a huge serving of red meat for the Democratic base. It would be helpful if these politicians and the people that lap up the message had a basic understanding of numbers and figures. There is a substantial difference between a billionaire and a millionaire - $999,000,000 to be exact.

Fri, 12/28/2012 - 19:34 | 3103543 I am Jobe
I am Jobe's picture

I guess there are a few more alphabets to go thru.

Fucking idiots whore house and congress.


Fri, 12/28/2012 - 19:38 | 3103565 TheMayor
TheMayor's picture

Obama is a liar, pure and simple.

He may be the devil himself.

Fri, 12/28/2012 - 20:46 | 3103771 Dr. Engali
Dr. Engali's picture

May be?

Fri, 12/28/2012 - 19:48 | 3103593 Waterfallsparkles
Waterfallsparkles's picture

What is rather ironic in the whole thing is that Obama is trying to impress all of the People who do not pay Taxes.

They have no interest in the Debt Cliff as they have nothing to lose if a deal does not get done.  Their Government checks will come no matter what.

Fri, 12/28/2012 - 19:56 | 3103624 SKY85hawk
SKY85hawk's picture

We don't want Taxes to go up on middle-class families?

What a CON-JOB!

I hope Y'all remember that Obama and Boehner and the House and the Senate 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 last year.

Fri, 12/28/2012 - 19:59 | 3103643 DosZap
DosZap's picture

Their Government checks will come no matter what.

RONG!, the extended UE checks cease..........................if they go over the cliff.

Fri, 12/28/2012 - 20:20 | 3103710 Waterfallsparkles
Waterfallsparkles's picture

You are right but I was refering to the Welfare, food stamp crowd.

The unemployed are normally taxpayers.  Just not right now.

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