• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Obama To Admit Defeat (Or Apportion Blame) - Live Webcast

Tyler Durden's picture


At 11:35ET, President Obama will address the nation over how well the sequestration discussions are going. Following this morning's rumor-driven ramp, and Boehner's very recent comments that "discussions are over", we await the President's calming tones or hell-fire conjuring warnings... the question is - how many park rangers will be standing behind the President?

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Fri, 03/01/2013 - 12:35 | 3290445 JohnGaltsChild
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Fri, 03/01/2013 - 12:38 | 3290460 McMolotov
McMolotov's picture

"Let me be clear, I'm a fucking douchebag."

Fri, 03/01/2013 - 12:39 | 3290465 FL_Conservative
FL_Conservative's picture

That's WAY TOO polite.

Fri, 03/01/2013 - 12:40 | 3290479 McMolotov
McMolotov's picture

There's a drone hovering outside my window, so I'm watching what I say.

Fri, 03/01/2013 - 12:54 | 3290596 Joe Davola
Joe Davola's picture

Grey hair, how presidential.

Fri, 03/01/2013 - 12:57 | 3290613 imapopulistnow
imapopulistnow's picture

Its not about the nation winning, only about himself winning.

Fri, 03/01/2013 - 13:55 | 3290908 Pinto Currency
Pinto Currency's picture


Apportions blame.

Shocking, shocking.

Fri, 03/01/2013 - 13:56 | 3290911 SamAdams
SamAdams's picture

where is Lee Harvey Oswald when you need one?

Fri, 03/01/2013 - 13:00 | 3290634 McMolotov
McMolotov's picture

"Jedi Mind Meld?"

The fucker can't even get his pop culture references right. What an imbecile.

Fri, 03/01/2013 - 13:25 | 3290798 tarsubil
tarsubil's picture

A lot of good a warp engine powered by dilithium crystals is going to do you in a universe with hyperdrives.

Fri, 03/01/2013 - 13:30 | 3290815 kaiserhoff
kaiserhoff's picture

Looks like Obammy got taken to the wood pile...,, oh wait...not that wood pile....WTF?

Fri, 03/01/2013 - 13:28 | 3290801 Frozen IcQb
Frozen IcQb's picture

I thought George Bush was bad but this guy is a traitor to the American people.

Have all the patriots in this country died?  Where's your anger!

Fri, 03/01/2013 - 13:32 | 3290822 smlbizman
smlbizman's picture

everyone one of them is worse than the one before.......thats what is truly scary...the next asshole

Fri, 03/01/2013 - 13:36 | 3290840 horseman
horseman's picture

smlbizman, That's the most accurate assesment of the situation I have read.

Fri, 03/01/2013 - 13:43 | 3290864 Frozen IcQb
Frozen IcQb's picture

What this country needs to put to good use is a rope, horse and a tall tree!

Fri, 03/01/2013 - 13:44 | 3290869 overmedicatedun...
overmedicatedundersexed's picture

if i have posted this before , sorry; if you are registered D OR R, go down to the election office and change it to 3rd party of your choice or I. otherwise we have a two headed fed gov monster to feed..if we get D and R registration down to 10% or less, then the MSM will have trouble reporting election results..do it for your country

Fri, 03/01/2013 - 14:02 | 3290877 Frozen IcQb
Frozen IcQb's picture

Been there, thanks. BTW, my last comment was figurative!

Washington DC needs an enema.


Fri, 03/01/2013 - 14:41 | 3291086 TerminalDebt
TerminalDebt's picture

I thought it had something with him being black, sorry my mistake

Fri, 03/01/2013 - 15:59 | 3291339 Frozen IcQb
Frozen IcQb's picture

No Prob. I actually thought his exterior was a refreshing change in politics.

It’s his interior that I can’t stomach.

Fri, 03/01/2013 - 14:04 | 3290941 Kirk2NCC1701
Kirk2NCC1701's picture

"Anger"?   They're either hen-pecked pussies, or can't get organized worth a shit.  I mean, even on this site, how many ZH'ers can you get to band up on anything?  Much less DO something.  And they talk about the Muslims being fragmented and disorganized.  TPTB (bankers, oligarchs and 'Jews' to many) must be laughing their butts off.  "Anger".  LMAO. 

Like any good writer, the Tylers are putting out 10 lbs of steam, to get 1 lb of results.  Truth is, blogging alone will definitely NOT do it.  Need to take it to the next level:  Local ZH action groups.  Just like they do on some other sites (C. Martensen's Resilient Communities), ZH needs tools for local groups by geogr. proximity.  Either that, or join existing groups on other sites.

Fri, 03/01/2013 - 18:24 | 3291855 TraderTimm
TraderTimm's picture

The ones doing something are either buying precious metals or investigating alternate decentralized currencies.

Fri, 03/01/2013 - 15:15 | 3291203 lakecity55
lakecity55's picture

no, just too much weed in the 'private room' with Reggie.

Fri, 03/01/2013 - 14:17 | 3290990 Stoploss
Stoploss's picture

Goddamn i love it when a plan comes together.

Fri, 03/01/2013 - 13:09 | 3290695 GeezerGeek
GeezerGeek's picture

An Iranian neighbor showed me how to make them land in my back yard, so I'm safe until they change the control protocols. Since I just told my liberal congresscritter to balance the budget by cutting spending, I expect to see a few in the neighborhood. 

Fri, 03/01/2013 - 12:45 | 3290520 ShorTed
ShorTed's picture

I agree...Fuck you Obamahole!

Fri, 03/01/2013 - 14:20 | 3291004 Kirk2NCC1701
Kirk2NCC1701's picture

Buddy, I do not disagree with you, nor do I begrudge you your Up-Arrows, but...

If all it takes is "Yup, FU...", and reasoned or researched comments get glossed over, then no wonder that many ZH bloggers have left or stop trying.  As someone pointed out yesterday, a lot of older and articulate bloggers seem to have left. 

Let's strive to do better, before mob rule takes over.  Cheers,

Fri, 03/01/2013 - 12:39 | 3290470 King_of_simpletons
King_of_simpletons's picture

All players in DC are playing their part well. They rehearsed well. The sheep is now engaged in partisan blame game as designed.

Fri, 03/01/2013 - 12:53 | 3290590 nonclaim
nonclaim's picture

Those players are the pork rangers.

Fri, 03/01/2013 - 12:56 | 3290607 derek_vineyard
derek_vineyard's picture

if you had to pork michele, you'd be deranged too

Fri, 03/01/2013 - 13:43 | 3290860 koncaswatch
koncaswatch's picture

I'm sure O will use the facts and figures from the leading Dem on the House Finance Services Committee: Maxine Waters. According to her 170 million will lose their jobs to sequestration.


What an idiot.

Fri, 03/01/2013 - 12:55 | 3290604 A Nanny Moose
A Nanny Moose's picture

"This is a room full of smart folks."

Did he really just say that?

Fri, 03/01/2013 - 12:58 | 3290619 FL_Conservative
FL_Conservative's picture

They're "smart" because they play along with his bullshit games and won't call him on it.  Ask Bob Woodward what they're told will happen if they "go against the flow".   Or is that "fro"?

Fri, 03/01/2013 - 13:08 | 3290688 tickhound
tickhound's picture

Roddy Piper has failed to act so he's rallying all the little Hulk-a-maniac nurses and teachers to protect them from the hot sun.


"UNEMPLOYMENT WILL NOT GO DOWN as quickly as it would have." - O

JPM ebt dept cheers...

MUST.NEVER.HIT.6.5%UE or QE would need another excuse.

Fri, 03/01/2013 - 13:09 | 3290702 duo
duo's picture

Perhaps we should change POTUS title to "Fearnongerer in Chief"

Fri, 03/01/2013 - 13:09 | 3290696 DosZap
DosZap's picture


Watch this,seems thoughts have 180'd since HE became BIG spender.

What a hypocritical liar, makes Clinton look like a Priest.

Fri, 03/01/2013 - 12:35 | 3290448 Haus-Targaryen
Haus-Targaryen's picture

If he would just admit that everyone within the Beltway is corrupt and incompetant, it would go a long way for the American people to start believing what their government tells them again.  If he says anything else, expect it to be 110% false.

Fri, 03/01/2013 - 12:43 | 3290506 GeezerGeek
GeezerGeek's picture

I'm not certain how I would react if he said something with which I actually agreed. My normal response is to think "his lips are moving, so he's lying."

Fortunately, I have no doubt that he will continue to blame others. 

Fri, 03/01/2013 - 12:49 | 3290556 McMolotov
McMolotov's picture

He's such a lying dickcheese. These aren't even real cuts, he knows it, and yet he stands there and pretends we'll be spending less money next year than this year. His mission in life is to grow the government as big as he possibly can so the State can wield as much power as it possibly can, and the easiest way to do that is to say women, children, and old people will be dying in the streets if we grow the government at X percent a year instead of Y percent.

We can NEVER reduce spending in Obamaland. We can only increase "revenues." Such a cunt.

Fri, 03/01/2013 - 12:52 | 3290585 tbone654
tbone654's picture

obama lowers the bar for leadership yet again...

Fri, 03/01/2013 - 13:02 | 3290643 Winston Churchill
Winston Churchill's picture

Obummer has Limbo dancing in his blood.Its not possible the lower the bar

from where he has set it.

Fri, 03/01/2013 - 13:02 | 3290651 phalfa5
phalfa5's picture

He's not leading...   he's campainging  ...   again  ... still

Fri, 03/01/2013 - 13:05 | 3290670 McMolotov
McMolotov's picture

He's defecating from his mouth, as usual.

Fri, 03/01/2013 - 12:36 | 3290451 Levadiakos
Levadiakos's picture

The eunuch speaks

Fri, 03/01/2013 - 13:14 | 3290734 DosZap
DosZap's picture

The eunuch speaks

Then why are MY NUTS are the ones that are getting cut  off?.

Fri, 03/01/2013 - 12:37 | 3290454 SheepDog-One
SheepDog-One's picture

Moar puppet shows and breads, cakes, and circuses, Dear Leader ! 

Fri, 03/01/2013 - 12:37 | 3290456 TruthInSunshine
TruthInSunshine's picture

Never forget--


"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. Increasing America’s debt weakens us domestically and internationally. Leadership means that the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."


Senator Barack Obama (D-IL)

Speech Given on U.S. Senate Floor Objecting To Raising Debt Ceiling Limit

March 16, 2006

Official National Debt at that time: 8 trillion USD (Official National Debt Now? 16.2 trillion USD)


Fri, 03/01/2013 - 12:39 | 3290468 McMolotov
McMolotov's picture

Surprised that hasn't been incinerated in the memory hole by now, as though it never even existed.

Fri, 03/01/2013 - 13:32 | 3290824 NotApplicable
NotApplicable's picture

Nobody cares anymore. Remember, it was different back then.

Fri, 03/01/2013 - 14:27 | 3291036 Kirk2NCC1701
Kirk2NCC1701's picture

Obama is our 'friend'.  Now that he's in, he is trying to crash the system by inflating it to no end.  Same end, different road.  We could help him with support, right?  No?  Still hellbent on 'hating' him, no matter what?  Sorry then, my mistake.

p.s. Is Tyler correct (in the movie) about mixing frozen OJ with gasoline in 50:50 ratio?  Doesn't sound right.

Fri, 03/01/2013 - 12:44 | 3290517 GeezerGeek
GeezerGeek's picture

Anyone care to bet that not a single MSM outlet will mention that earlier quote when covering today's bloviation?

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