"Fair And Balanced"... And Benefiting Just 20% Of Americans

Tyler Durden's picture

In 28 seconds, Bloomberg TV's Scarlet Fu explains who really benefits from the 'deal' and Bernanke's ongoing 'wealth effect' policy. Simply put, taxes on 77% of Americans go up... and 20% benefit. "Fair-and-balanced" indeed.





And Blackrock's Larry Fink summed it all up nicely from about 1:40 in this clip: "The American People are the Big Losers In The Cliff Deal"



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SheepDog-One's picture

Most all of the producers, business owners etc around me DID vote in ObaMao greedily, basically ALL of them who I know did! I can't wait till they start bitching about how they cant operate anymore, again I'll laugh and say 'told ya so moron'.

tenpanhandle's picture

And you think they will blame Obama?  Fat chance when they only have repugs and teapartiers in their crosshairs.

MortimerDuke's picture

Actually, not really.  Obama got 50.4% of the popular vote.  The percentage of voting-age eligibles who voted is expected to be around 55% once the final numbers are tallied and released.  Obama got about 27% or 28% of the voting age people in the US.  The number would be higher if you strip out felons from the voting-age eligibles.  But still, nowhere near a mandate.  Roughly 72% or 73% of the people old enough to vote were either (a) felons, (b) voted for Romney or Johnson or write-ins, or (c) didn't care enough to show up.  Most people actually did not vote for this.  In 2016, I'm thinking about joining (c).  Or (a). 

PrintemDano's picture

The majority of people who voted over and over again for this are living on Obama phones, obama bucks and obama care.

Cognitive Dissonance's picture

"And Blackrock's Larry Fink summed it all up nicely from about 1:40 in this clip: "The American People are the Big Losers In The Cliff Deal"

Color me surprised but.........was this gonna end any other way?

<And this ain't over by a country mile.>

GCT's picture

+100 if I could CD.  This charade has just begun.  The tough part is we are still going to have to hear about the fiscal cliff.

I do hope some of the uninformed will arrive at this site and actually get woken up.  Most likely they will call all of us nuts or worse republicans.

Cognitive Dissonance's picture

"Most likely they will call all of us nuts or worse republicans."

Now them thar is fighting words. :)

The Joker's picture

 Most likely they will call all of us nuts or worse republicans

 That's just crazy talk.  

Tsar Pointless's picture

Reid throws Obama proposal in burning fire. Obama and Biden throw Reid under moving bus.


magpie's picture

To keep up with the zeitgeist, a special home credit will be announced for same sex couples

Tsar Pointless's picture

Nah. Not from this still "evolving" administration.

magpie's picture

What administration

The Federal Reserve will give homosexuals the choice in monetizing their mortgage either with OO or II

Tsar Pointless's picture

Why the fixation on homosexuals?

Do you wish you were one? Or are you secretly one?

magpie's picture

Why ? It is your piece de resistance after all

I wish i were a woman, raped (legitimately) by sexually liberated feminists

Interesting that your facade cracks once monetary follies and your sexual proclivities are brought together. Hey, i knew that...american citizenism and all lulz

Tsar Pointless's picture

Don't you worry about my facade.

If you were a woman, I'd bet you'd miss all of your periods.

(I sincerely hope a lot of you get that one.)

magpie's picture

Don't be so insecure, it shows in the jokes ?

Tsar Pointless's picture

Me. Insecure.

That's a funny joke.

magpie's picture

It aint funny, it is as queer as a POMO.

ZeroAvatar's picture

My wife's best friend invited her and I over for Christmas dinner.  Her son lives with her (28), as well as HIS best friend and HIS girlfriend. (I asked if he was maxing out the gov't loans:  "Oh yeah!  Plus I've got a really nice grandma!")


I asked the best friend (25ist) how school was going (studying 'literature')....."Great, just One & 1/2 semester to go".  I asked him what was his BIGGEST concern right now?  (These kids were doing bong hits since awakening)....


He doesn't think people have any right telling homosexuals they can't get married.  THAT's IT!  THAT'S HIS BIGGEST CONCERN IN LIFE!


We are so fucked.

magpie's picture

It's the only selling point the USA has left, you know instead of economic advancement, scientific progress and that victorian garbage.

Haven't heard that much from Holland btw

tenpanhandle's picture

Those young snapperwhippers are the ones that are so fucked.  Me, I've lived the majority of my life already and in a much more free society.  I have less to lose.

HaroldWang's picture

Wow! CNBC just gave ZH a shoutout! Amazing!

chaartist's picture

Ignoring their activities will make them more nervous. They delude themselves that they help more than they defraud. And so it will be going forward. 


“Above all, don't lie to yourself. The man who lies to himself and listens to his own lie comes to a point that he cannot distinguish the truth within him, or around him, and so loses all respect for himself and for others. 

And having no respect he ceases to love.” 

Fyodor Dostoyevsky, The Brothers Karamazov

Steve in Greensboro's picture

A reminder from the dark master: 

"Democracy is the theory that the common people know what they want, and deserve to get it good and hard."

Suck on the 2% increase in payroll taxes, Obamacommies.  You voted for it.  Now suck on it.

GMadScientist's picture

You mean suck on the UI extension?

Or the lolly they were given to help corporate 'Merca that's being taken back?

supersajin's picture

The American people have been losers for the past 30 years!!

yogibear's picture

Keep a close eye on bond purchases by Bernanke and the Federal Reserve with it's CUSIPs.

The Treasury and the Federal Reserve will do some magic and make debt disappear.

Bernanke and the Federal reserve will try and minimalize balance sheet expansion by having the purchases on member banks.


Disenchanted's picture




Fuck it! I'm clicking on Christian Minges...


My bad, I meant Christian Mingle.

GMadScientist's picture

Jesus and Mary roleplay; how quaint.

GMadScientist's picture

I meant Magdalene.

Freak. ;)

tenpanhandle's picture

Watch out if your wife suggests the Joseph and Mary role play.

GMadScientist's picture

Monetization makes the nominal scoreboards light up alright, but you still have to cash out in Bennybux, que no?



azzhatter's picture

yeah a lot of low information voters watching Bloomberg and Larry Fink. These fuckers couldn't spot a piece of ass in a whorehouse

youngman's picture

Fink also said we need to educate the people to lower their expectations.....that the people are not going to get all that they think they are going to get...quite a statement I thought...

Now I was thinking Fink...a billionaire....probably has a stash somewhere where he can run to when TSHTF...what do you think?

azzhatter's picture

I'd like to be in the payroll office when these dumb fuckers come in crying about their check being smaller next week. Keep obama in president

Boilermaker's picture

I asked our HR Director, just this morning, to get out a notice to all employees to avoid the massive confusion on payday.

I doubt if any of them understand that their take home pay will be reduced.

hooligan2009's picture

i had an HR Director once ..  :) 

Dr. Engali's picture

Listen to all of these statist fuckers who want more and more debt. They make me sick.

Boilermaker's picture

And the small caps are SOARING again today.

I like the...'FEEL' wealthier.  That's nice.  Obviously, it worked so well for the Christmas shopping season.  Or, by Bernake's thinking, he just didn't ramp it high enough.  Therefore, gas it even more.

Sure as shit, RUT at the high of the day and climbing.

lindaamick's picture

The truth of the matter is that the rise in taxes for the 98% is really just the expiration of the payroll tax.

The expiration of this tax relief is a good thing for the 98% because it reinforces social security continuation long term for American retirees.

Therefore the spin on main stream media has the ulterior motive of attempting to drum up support for further payroll tax cuts which are death to the social security program. 

The social security program is necessary for retirees.  It is the only guarantee of some income for seniors.  Think of the losses that Americans suffered in 2008 from their investments.   Investments are always subject to major losses due to control by the 2%.

Salon's picture

Possibly the only good thing that came out of it, if we are even to maintain a shred of credibility that it is not a welfare program but a social insurance program, as bizarre and twisted as the definition has to be to fit the reality of SS

Salon's picture

I have give up hope now for my country. My beloved republic, child of the enlightenment and advocate of natural inalienable individual rights is no more.

When republics go they dont come back.

Benjamin Franklin said it would end in despotism as it always has before.

It does feel kinda good to give up hope and quit worrying. Party on!

Oldwood's picture

I love it when people that refuse to go along with the madness are child-like or otherwise not adult. Its like the fact that the very place we are at right now is NOT the result of bipartisan compromise! They want to act like some madman slipped into the chambers one evening and created all of these spending bills and shat taxpayers existing and future money all over the wall and they have no idea who done it! Its just their job to be responsible adults and fix it. God, I want to puke.

Oldwood's picture

Its not a problem of being broke, Its just that our blank checks have not shown up yet.

Its not a spending problem, Its just that we don't have enough coming in!

Its not a violence problem, Its just too damn many guns.

Its not an ideology problem, its just simply a matter of forcing a minority of congress to do everything a majority demands. Everyone knows that if you lose the majority you should go home.

forrestdweller's picture

why don't we all, when the next election comes, write down on our voting form: 'no vote',

instead of staying home, our choosing democrats or republicans, which doesn't make a lot of difference.

there is no one in the american politics who represents the people and has the interests of the peopleon top of his or he list.

go voting, but just write down 'no vote', because there is no on representing you.

MedicalQuack's picture


This proves it those guys don't know math and have no clue once we venture outside the default topic of women's health:) They are lost.

Ok I'm tired of this fear of math that seems to permeate....we have this official Plos One study that is full on done with MRI testing and so forth about the fear of math creating physical pain. It's time we start stuffing members of congress into MRI's so we can diagnose this and fix them:) I know this is satire here but darn if might not help out <grin>. Some members just could be Algo Duped beyond repair and as a country we need to know that:) We have already been duped with Barbara Walters asking Chris Christie if his weight is an obstruction to do his job...good response by the way on his part.


Let's reach out and fix these folks as they can't make laws with financial reform this way, Wall Street overcame their fear of math...well if they ever had it to begin with:)

Also a great video here from former Quant Cathy O’Neil, and she’s also a Mom of 3. She’s after it with exposing the characteristics of working at a Hedge Fund and worked with Larry Summers too. This is well worth the watch as she talks the dirty math and models out there. They hired her to do risk and she worked her buns off and they ignored her advice and went on with risky investments anyway. She got frustrated and left. Yup are still screwed.  She also did a great interview with PBS too. 


Chartist's picture

I am middle class and I am getting boned.....Like everyone else, I am going to pay an extra 2% of my income for the payroll tax increase.....Also, a third of my income comes from royalties which are now subject to the 3.9% tax to support Obama's healthcare bill....so, yeah, I will be spending less.