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    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

With Just Hours To Go, Obama Suddenly In A Negotiating Mood

Tyler Durden's picture




 

Last week Obama was unwilling to negotiate on the two key issues in the current government pre-shutdown debacle: Obamacare and the debt ceiling. Things seem to have changed quite quickly, now that the government shutdown is just 11 hours away. From Reuters:

  • OBAMA SAYS EVERYONE MUST SIT DOWN AND NEGOTIATE IN GOOD FAITH, CAN'T HAVE TALKS UNDER RISK OF POTENTIAL U.S. DEBT DEFAULT
  • OBAMA SAYS HE IS NOT RESIGNED TO A GOVERNMENT SHUTDOWN TAKING PLACE
  • OBAMA SAYS U.S. DOLLAR IS RESERVE CURRENCY OF THE WORLD, "WE DON'T MESS WITH THAT
  • OBAMA SAYS EXPECTS TO SPEAK TO CONGRESSIONAL LEADERS MONDAY, TUESDAY, WEDNESDAY

In other words, Obama blinked (for the n-th time in what has not been a good year for presidential leverage). And to think it took less than a 1% drop in the S&P (and a rather stubborn Republican party) to get "diplomacy" going...

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Mon, 09/30/2013 - 12:59 | 4005965 the not so migh...
the not so mighty maximiza's picture
  • OBAMA SAYS U.S. DOLLAR IS RESERVE CURRENCY OF THE WORLD, "WE DON'T MESS WITH THAT

The president that never submitted a budget speaks

Mon, 09/30/2013 - 13:02 | 4005976 slaughterer
slaughterer's picture

Deal by 12:59.5999999pm tonight.   Just like all the other times.  

Mon, 09/30/2013 - 13:03 | 4005989 Bobbyrib
Bobbyrib's picture

Let's hope the result looks like the Sequestor. Any non-increase in government spending should be seen as good.

Mon, 09/30/2013 - 13:07 | 4006006 Xibalba
Xibalba's picture

Man of fiction and nonprinciple.  A hooker.

Mon, 09/30/2013 - 13:10 | 4006042 krispkritter
krispkritter's picture

With a real hooker you have at least a chance of a Happy Ending.  No chance this parasite's terms end in anything other than disaster...

Mon, 09/30/2013 - 13:23 | 4006086 BaBaBouy
BaBaBouy's picture

""ABlameA SAYS U.S. DOLLAR IS RESERVE CURRENCY OF THE WORLD, "WE DON'T MESS WITH THAT""

 

Sure... And WE Make SURE GOLD Is Manipulated DOWN By All Of OUR Freindly Paid Proxies...

Mon, 09/30/2013 - 13:22 | 4006098 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

POTUS
Putz of the United States

Mon, 09/30/2013 - 13:28 | 4006135 kralizec
kralizec's picture

POSOTUS!

And...if this is what constitutes a negotiating mood...well, that must be statist code-speak for "fucking over"!

Mon, 09/30/2013 - 13:50 | 4006230 FEDbuster
FEDbuster's picture

We don't want to have the rest of the world cut up America's AMEX Black Card!  PRINT MOAR!!!!

Mon, 09/30/2013 - 15:04 | 4006567 Spigot
Spigot's picture

So, Zero has set the meme that if the government "shuts down" this would be a "default". Oh, God! What a blithering idiot.

Mon, 09/30/2013 - 16:01 | 4006814 eatthebanksters
eatthebanksters's picture

I've never seen someone box themselves in more than Obama, except for maybe Pandora...

Mon, 09/30/2013 - 13:29 | 4006140 Rathmullan
Rathmullan's picture

Read that as: Action against syria to appease house of saud still on and soon bitchez!

Mon, 09/30/2013 - 16:37 | 4006936 Mike Hunt Hurts
Mike Hunt Hurts's picture

Obama Ok Republicans, lets negotiate

10 for me, 1 for you --- 10 for me, 1 for you ---

Mon, 09/30/2013 - 13:20 | 4006088 Sudden Debt
Sudden Debt's picture

unless she squeezes your balls to make it go faster...

Mon, 09/30/2013 - 13:21 | 4006096 redpill
redpill's picture

That's why Groupon and pros don't mix.

Mon, 09/30/2013 - 13:28 | 4006127 TruthInSunshine
TruthInSunshine's picture

Whisper rumor that SEAL Team 6 has been ordered on a top secret mission to locate Obama's balls, should they exist.

Mon, 09/30/2013 - 13:33 | 4006169 Hippocratic Oaf
Hippocratic Oaf's picture

obama is a clueless, impotent fuck.

Mon, 09/30/2013 - 13:47 | 4006232 azzhatter
azzhatter's picture

I've noticed his hair on his head looks like pubic hair. Resting on top of a dickhead

Mon, 09/30/2013 - 19:09 | 4007452 neidermeyer
neidermeyer's picture

Seal Team 6??? I really doubt they would help him to anything but a .50 cal perforation.

 

Obama called them off multiple times to allow bin Laden to escape

 

When team 6 did get bin Laden Obama took the credit for it

 

Obama outed the team in the press.

 

Obama had the majority of the team murdered in Afghanistan in a helicopter shootdown by advertising their movements.

Mon, 09/30/2013 - 13:12 | 4006047 flacon
flacon's picture

Did Obama submit his real Keynan birth certificate yet, in order to prove once and for all that he was never a "Natural US Citizen"? 

Mon, 09/30/2013 - 13:21 | 4006087 Herd Redirectio...
Herd Redirection Committee's picture

I still think his pappy is Frank Marshall Davis, personally.  Seeing as the man is a commie, lived in Honolulu at the time of Obama's conception, and had strong connections in Chicago...  Makes more sense than the Kenya crap, IMO.

Mon, 09/30/2013 - 13:30 | 4006155 TeamDepends
TeamDepends's picture

Barry was hatched at Langley.

Mon, 09/30/2013 - 13:39 | 4006206 Freddie
Freddie's picture

+100

Classic Al See Eye Ahh-da "cutout."  No records, no past, needs a teleprompter, created and totally protected by the media, burned through sealed records to win elections, stole his other elections.   Total police state shit.

Mon, 09/30/2013 - 14:22 | 4006381 venturen
venturen's picture

I think you mean "Keynesian" birth Certificate 

Mon, 09/30/2013 - 13:14 | 4006052 1100-TACTICAL-12
1100-TACTICAL-12's picture

I guess his NWO masters are'nt quite ready to crash the dollar yet.

Mon, 09/30/2013 - 13:19 | 4006079 Non Passaran
Non Passaran's picture

Why are you being so rude to hookers?

Mon, 09/30/2013 - 13:07 | 4006007 insanelysane
insanelysane's picture

Maybe because this story is lurking out there?

http://finance.fortune.cnn.com/2013/09/30/dnc-debt-crisis/?iid=HP_LN

Mon, 09/30/2013 - 13:25 | 4006112 Harbanger
Harbanger's picture

The Repubs are not actually going for a "defund". The proposed continuing resolution only postpones the "individual mandate" for one year.  Postponing the mandate means people are not forced to buy health insurance or pay HC fine, for one more year.

Mon, 09/30/2013 - 13:29 | 4006143 kralizec
kralizec's picture

Right.  A punt.  A punt right into an election year...and nothing quite says failure for Pubbies like an election year!

Mon, 09/30/2013 - 13:43 | 4006204 Harbanger
Harbanger's picture

Since 2010 the Repubs are very afraid of elections.  They are having to answer to a pissed off base that's organized and shows up to vote.   Many are voted out right in the primaries.

Mon, 09/30/2013 - 13:31 | 4006151 rustymason
rustymason's picture

IIRC, most of the RedTeam was on board with RomneyCare.

Mon, 09/30/2013 - 13:54 | 4006253 11b40
11b40's picture

That's right, and if you want Obamacare's birth certificate, the concept was hatched at the Heritage Foundation, birthed as Romneycare, and adopted by Obummer.

Mon, 09/30/2013 - 13:31 | 4006163 Pig Circus
Pig Circus's picture

 

Any non-increase in government spending should be seen as good.

One more thing that has not been widely reported is that the continuing resolution, as it now exists, violates the Budget Control Act–the compromise solution to the last debt ceiling standoff that was enacted in August 2011. The Budget Control Act purported to dictate discretionary spending levels over the next several years. The total mandated by the BCA for FY 2014, which is what we are now talking about, is $967 billion. That was the figure in Paul Ryan’s House budget, consistent with existing law. But in the Senate, the Democrats ignored the BCA and had a spending proposal for over $1 trillion for FY 2014. When the House adopted its continuing resolution that defunded Obamacare, it used a compromise discretionary spending number of $986 billion (prorated to cover two months). The Senate has now accepted that $986 billion figure, but it still exceeds the BCA. So earlier today, Jeff Sessions called a point of order, noting that the continuing resolution that the Senate was about to vote on was “illegal” under the BCA. That led to a roll call vote; by 68-30, the Senate voted to ignore its prior legislation, the BCA, and spend more money.

 

http://www.powerlineblog.com/archives/2013/09/todays-senate-votes-and-what-lies-ahead.php

Mon, 09/30/2013 - 14:14 | 4006336 CrashisOptimistic
CrashisOptimistic's picture

E X A C T L Y.

They are busting the Sequester.  We'll be on our way to deficits headed towards TWO TRILLION DOLLARS in no time.  The House should be stopping this NOW, not reaching a compromise number that ALSO busts the Sequester.

Mon, 09/30/2013 - 13:08 | 4006017 Freedumb
Freedumb's picture

& this time, the algo's in Chicago will pre-program in a 7 ms delay before they start executing trades on the information that they get provided in advance regarding the deal, so Nanex doesn't catch them again

Mon, 09/30/2013 - 13:11 | 4006034 drink or die
drink or die's picture

Dow up 200 points tomorrow.

Mon, 09/30/2013 - 13:15 | 4006057 Grande Tetons
Grande Tetons's picture

If they throw together some last minute deal....it could be similiar to what we saw with the NO TAPER. Dow rally and subsequent slump. 

Suckers are not as easy to find these days. 

Mon, 09/30/2013 - 13:36 | 4006187 Jannn
Jannn's picture

Meanwhile in China: 

Shanghai Gold Exchange Physical Delivery Equals Chinese Demand

 

http://koosjansen.blogspot.nl/2013/09/sge-physical-delivery-equals-chine...

Mon, 09/30/2013 - 13:06 | 4006003 prains
prains's picture

what the world needs now is a black pee wee herman to set the world straight !!!

 

 

GO pee wee !

Mon, 09/30/2013 - 13:16 | 4006062 ShrNfr
ShrNfr's picture

Actually, he submitted a number. They went down in flames to the sound of derision by all sides, but he did submite some. Reid never brought any passed by the House to the floor, that is where the blame lies.

Mon, 09/30/2013 - 13:23 | 4006101 Parousia
Parousia's picture

"The president that never submitted a budget speaks."

 

The president that never got a SINGLE vote for any budget he submitted reads off a teleprompter.

 

FIFY

Mon, 09/30/2013 - 13:33 | 4006177 thunderchief
thunderchief's picture

Obama seems to be agreeing with a lot of folks these day's. The Russians, Iranians, Congress and so forth. He's even using terms like "You don't mess wit dat".
I think he's smoking leaf again. There is no other conclusion. He's toking and smoking his black ass big time in that white ass house. That is why the Saudi's and Israeli's are so upset. They would much rather have a former coke nose, ex alcoholic, god freak in that office, something they can at least identify with.
He's smoking leaf again. The is no other conclusion.

Mon, 09/30/2013 - 13:01 | 4005967 blabam
blabam's picture

Cunt. 

Mon, 09/30/2013 - 13:06 | 4006011 prains
prains's picture

he's a K Street Kunt

 

just so we're clear on our definitions.....cunts are useful

Mon, 09/30/2013 - 13:26 | 4006040 prains
prains's picture

RELEASE THE pee wee !!!

<---shouldn't you be in "negotiations/bukkake theatre"

 

just doesn't sound the same

Mon, 09/30/2013 - 13:00 | 4005968 achmachat
achmachat's picture

OBAMA SAYS U.S. DOLLAR IS RESERVE CURRENCY OF THE WORLD, "WE DON'T MESS WITH THAT

 

what Nixon did in 1971 can never be un-messed!

Mon, 09/30/2013 - 13:27 | 4006128 prains
prains's picture

Stockman's Chapter 7 on Nixon.........oi vay

Mon, 09/30/2013 - 13:02 | 4005973 Grande Tetons
Grande Tetons's picture

 WE DON'T MESS WITH THAT

Thanks for dumming it down for us. 


Mon, 09/30/2013 - 13:04 | 4005987 superflex
superflex's picture

He's speaking to his people.

Dumb motherfuckers who's financial accumen comes from watching sokmeone win Dancing With the Stars or Survivor.


Mon, 09/30/2013 - 13:09 | 4006000 hedgeless_horseman
hedgeless_horseman's picture

 

 

Obama is under strict orders to not mess with the interest payments to his rentier overlords.

Rentier capitalism is a term currently used to describe economic practices of parasitic monopolization of access to any (physical, financial, intellectual, etc.) kind of property [such as the franchise to print money] and gaining significant amount of profit without contribution to society.

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