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Obama Reiterates - Will Only Negotiate After Getting Everything He Wants

Tyler Durden's picture




 

It would appear that President Obama's comprehension of the meaning of the word "negotiate" is different from that taught in the new "common core". Speaking at an event at FEMA, he noted:

  • *OBAMA: WILL NEGOTIATE AFTER GOVT OPENS, DEBT CEILING RAISED
  • *OBAMA: WON'T NEGOTIATE UNDER 'THREAT OF ECONOMIC CATASTROPHE'
  • *OBAMA TELLS CONGRESS TO 'MOVE BEYOND THIS MANUFACTURED CRISIS'

But given his comments last week on the markets' need to see this as a crisis, perhaps the best word to use to describe this farce is "inconceivable."

 

 

 

 

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Mon, 10/07/2013 - 12:50 | 4030751 McMolotov
McMolotov's picture

Fuck you, Obama!

Mon, 10/07/2013 - 12:59 | 4030787 hedgeless_horseman
hedgeless_horseman's picture

 

 

2012 Popular Vote as reported by Diebold ATMs

Barack H. Obama        Democratic     65,917,257     51.01%    
Willard Mitt Romney    Republican     60,932,235     47.16%

Why should he negotiate when has a mandate? 

The people clearly want MOAR debt.

The people clearly want MOAR healthcare.

Toute nation a le gouvernement qu'elle mérite.

Mon, 10/07/2013 - 13:02 | 4030811 TruthInSunshine
TruthInSunshine's picture

    "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. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies."
    
    "Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion."
    
    "Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America."

    "And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on."
    
    "Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities."

Senator Barack Obama (D-IL)

VOTING AGAINST RAISING THE DEBT CEILING

March 16, 2006

Official National Debt at that time: 9 trillion USD

Official National Debt NOW: 18 trillion USD

FORWARD!!!

Mon, 10/07/2013 - 13:09 | 4030832 hedgeless_horseman
hedgeless_horseman's picture

 

 

That was before Obama was first elected El Presidente in 2008. 

He was relected in 2012 after completely reversing his stance on the debt ceiling.

The people clearly want MOAR flip flopping.

Mon, 10/07/2013 - 13:10 | 4030869 nope-1004
nope-1004's picture

It's a vast, right-wing conspiracy.  At least, that's what Hillary tells me.

 

Mon, 10/07/2013 - 13:28 | 4030954 ArkansasAngie
ArkansasAngie's picture

its an excuse for marshall law

Mon, 10/07/2013 - 13:35 | 4030986 SilverIsKing
SilverIsKing's picture

its an excuse for martial law

Mon, 10/07/2013 - 13:42 | 4031028 I am more equal...
I am more equal than others's picture

 

 

 

Princess Bride.... yes, that describes this inconcievable administration.  Where is Andre the Giant when you need him?

Mon, 10/07/2013 - 14:14 | 4031163 ndotken
ndotken's picture

This is what happens when a pissy little bitch gets elected president.

Mon, 10/07/2013 - 14:45 | 4031287 Keyser
Keyser's picture

Time to get ready for default. With Harry Reid in the driver's seat and Obama out of the negotiations, the little twerp will allow us to default on the debt.

Mon, 10/07/2013 - 14:52 | 4031322 LawsofPhysics
LawsofPhysics's picture

There is plenty of tax revenue to cover the interest on debt (if interests rates remain low).

In the meantime, the debt continues to grow, by 85 billion per month (that we know of).

http://www.newyorkfed.org/markets/tot_operation_schedule.html

 

Mon, 10/07/2013 - 15:07 | 4031379 malikai
malikai's picture

But if treasury isn't selling any new paper, that means the FED will now have to buy existing debt either from PDs or on the open market.

I wonder what that will do to the long end..

Mon, 10/07/2013 - 15:16 | 4031417 LawsofPhysics
LawsofPhysics's picture

I too, would like an experienced bond trader to comment on this as well.

Mon, 10/07/2013 - 15:40 | 4031492 Manthong
Manthong's picture

as reported by Diebold ATMs" 

"Aye, there's the rub." - Hamlet

"But if treasury isn't selling any new paper, that means the FED will now have to buy existing debt either from PDs or on the open market.
I wonder what that will do to the long end."

"Aye, there's the rub."  .. too.

Mon, 10/07/2013 - 15:49 | 4031600 Pegasus Muse
Mon, 10/07/2013 - 15:09 | 4031392 Zadok
Zadok's picture

'(that we know of)' is the best and most comprehensive part of your post...the rest was good too!
It always seems to be about what is happening NOW to crush the opposition but we FIND OUT about it only much later and usually only after good people have died under mysterious circumstances.

Mon, 10/07/2013 - 14:15 | 4031169 CrazyCooter
CrazyCooter's picture

That Princess Bride shit makes this funny. Otherwise it is just sad.

Regards,

Cooter

Mon, 10/07/2013 - 14:47 | 4031301 Freddie
Freddie's picture

its an excuse for marital law

Mon, 10/07/2013 - 15:13 | 4031403 Zadok
Zadok's picture

Yes, marital law feels a lot like martial law. Just try to exit, you'll find out just how coersive it really is.

Mon, 10/07/2013 - 15:41 | 4031546 Keyser
Keyser's picture

Except there are not enough active and reserve military to enforce martial law throughout the country. At most, they can cover 3 - 4 urban areas and that's it. Washington DC will be one, since of course the naked emperor will need constant protection from his subjects. 

 

Mon, 10/07/2013 - 16:03 | 4031669 Zadok
Zadok's picture

Me thinks you missed the subtle difference between marital and martial...not a typo.
Trying for a bit o humor...

Mon, 10/07/2013 - 16:35 | 4031756 Keyser
Keyser's picture

Looks like I picked the wrong week to stop sniffing glue. 

Mon, 10/07/2013 - 16:39 | 4031760 Freddie
Freddie's picture

The first guy posted Marshall Law which was wrong. The next guy corrected it with martial law.  I threw in marital law.  ;-)

Mon, 10/07/2013 - 15:11 | 4031400 DYS
DYS's picture

its an excuse for marshmallow

Mon, 10/07/2013 - 17:13 | 4031859 Kirk2NCC1701
Kirk2NCC1701's picture

@SilverIsKing: "its an excuse for martial law"

It's an excuse to use the IEEPA*.  Fixed it for ya.  Bullish for being Emperor-powered!

Coming to a Theater (of Operation) near you soon. /s

* IEEPA links:

   1.  http://www.treasury.gov/resource-center/sanctions/Documents/ieepa.pdf

   2.  https://en.wikipedia.org/wiki/International_Emergency_Economic_Powers_Ac...

Mon, 10/07/2013 - 13:55 | 4031087 linniepar
linniepar's picture

Perhaps you are playing tekken?

Mon, 10/07/2013 - 14:17 | 4031168 ebworthen
ebworthen's picture

Shoot first, ask questions later.

If you don't have anything to hide, why are you upset that we kicked in your door without a warrant?

http://www.usmarshals.gov/

Mon, 10/07/2013 - 14:37 | 4031252 stormsailor
stormsailor's picture

marshall dillon?

Mon, 10/07/2013 - 15:04 | 4031372 Zadok
Zadok's picture

@nope-1004
Pillow talk?

Mon, 10/07/2013 - 13:10 | 4030871 Karlus
Karlus's picture

I think a big part of the problem is when Bush does it, its very bad. When Bam does it, its necessary and good. Debt limits, waging war...etc.

 

I would say that the level of hypocrisy is a serious inhibitor to taking them seriously at all.

I think if we viewed the administration operating under good faith (See Reagan vs Tip) then we could work these out.

When we are into winning the news cycle and having very little moral compass, it limits dialog.

 

At some point, this ends one way. One side gets sick of the other and then we can slug it out. Until then, its all just pi**ing in the wind

Mon, 10/07/2013 - 13:16 | 4030898 JohnG
Mon, 10/07/2013 - 14:40 | 4031270 TruthInSunshine
TruthInSunshine's picture

The LameStream "Media" Outlets couldn't try any harder to lick Obama & hump his leg as if they were smitten puppies.

Mon, 10/07/2013 - 15:02 | 4031362 Hapa
Hapa's picture

You mean Bam-Bam

Mon, 10/07/2013 - 15:34 | 4031511 Keyser
Keyser's picture

No way, Obama is not that restrained. 

Mon, 10/07/2013 - 13:17 | 4030899 remain calm
remain calm's picture

Wait I get this. "Honey I will only take you out to dinner if you blow me first". And if it not the best blow job ever it's only McDoonalds for you, maybe, but you can trust me.

Mon, 10/07/2013 - 13:23 | 4030925 insanelysane
insanelysane's picture

I hate when people trot out the good old days, reagan v tip, crap.

In those days Dems and Repubs were "compromising" how to spend money.  Today it is completely different, they need to compromise on cuts.

Here's an analogy.

Working couple stops in to local corner store on payday to buy some beer and snacks.  The hit a lottery ticket for $500.  The happy couple compromises.  Husband gets $150 worth of junk, Wife gets $150 worth of junk, and kiddies get the remaining stuff.

A few weeks later, one of them has lost their job, other has lost their overtime.  The happy couple now has to compromise over who doesn't get what.  This compromise isn't nearly as easy as the other.

Mon, 10/07/2013 - 14:30 | 4031223 RafterManFMJ
RafterManFMJ's picture

I really tried to follow this but u lost me after 140 characters or so; pls 2B moar condensed

Mon, 10/07/2013 - 13:23 | 4030918 McMolotov
McMolotov's picture

"I don't think our troops ought to be used for what's called nation-building." —George W. Bush, 2000

Likewise, he was reelected in 2004 after completely reversing that stance. Kerry flip-flopped on the Iraq war, but that didn't help him against Bush. Apparently, Americans will only accept flip-flopping when it is done by presidents?

Either that, or American voters don't actually choose who's president.

Mon, 10/07/2013 - 13:39 | 4031006 olto
olto's picture

McM:

Come on, Kerry was a stand-in for any number of people who might have beat bush-----every time he got ahead in the polls-----he did something/said something----to fall back.

Almost anyone could have beaten bush that year-----but it wasn't in the plan.

Kerry is not my horse, so I don't care what you say about him----but he threw the election so we could get Obama???

What was anyone thinking about?

Mon, 10/07/2013 - 14:19 | 4031181 TarAndFeather
TarAndFeather's picture

"Kerry is not my horse"

 

I see what you did there, Bravo good sir....Bravo.

Mon, 10/07/2013 - 14:20 | 4031185 Pure Evil
Pure Evil's picture

Sounds exactly like the crap Romney pulled that allowed Obama to get reelected.

Mon, 10/07/2013 - 18:23 | 4032119 olto
olto's picture

Pure Evil:

You are correct. I just did not want to get into that because then it begins to look like a CONSPIRACY, and we all know that our country has anti-conspiracy laws from its fear of the anarchists in the early 1900's, so it is illegal to have a conspiracy.

Hopefully, none of our legislaters will suggest an anti-respiration law-----I need air.

As far as Romney is concerned, I don't know----he was not my horse either.

It seems like I've always been looking for a horse to no avail.

Mon, 10/07/2013 - 14:56 | 4031342 Freddie
Freddie's picture

Who was/is a stooge for Al See Eye A Duh:

a. G.H.W. Bush

b. Bill Clinton

c. George Gomer Bush

d. Barrack Hussein Obama-Mohammed

This is a trick question because they are ALL - See Eye A.

http://www.youtube.com/watch?v=kNIkwDgzKuQ

This shit has been going on since JFK and before.   Mrs. Operation Mockingbird aka Jack's other other mistress was killed after he got whacked by The Company.

Mon, 10/07/2013 - 13:09 | 4030852 Renewable Life
Renewable Life's picture

It was talk like that, that convinced tens of millions of Americans to vote for this guy! 

I wonder if he reads his old speeches at night and thinks, "god damn I sounded goooood, didn't I?"

Hopefully his failure over time, will convince ten of millions more, that govt. ISN'T the answer after all, and lets return to our Founders wisdom of small govt and strong individuals in this Country! Unlikely, but worth working toward, non the less!

Mon, 10/07/2013 - 13:14 | 4030879 fooshorter
fooshorter's picture

“People think that a liar gains a victory over his victim. What I’ve learned is that a lie is an act of self-abdication, because one surrenders one’s reality to the person to whom one lies, making that person one’s master, condemning oneself from then on to faking the sort of reality that person’s view requires to be faked…The man who lies to the world, is the world’s slave from then on…There are no white lies, there is only the blackest of destruction, and a white lie is the blackest of all.” 
Ayn RandAtlas Shrugged

Mon, 10/07/2013 - 14:25 | 4031207 GrinandBearit
GrinandBearit's picture

Great! 

I hope you don't mind TIS, but I copied and pasted this to Slope of Hope trading blog.

Mon, 10/07/2013 - 14:48 | 4031300 Nothing but the...
Nothing but the truth.'s picture

Agree with Truth in S - Obama is a failed president ,walking on shaky ground . One must wonder if he would survive a vote of no confidence.

Mon, 10/07/2013 - 15:18 | 4031430 Born2Bwired
Born2Bwired's picture

I don't know why if Republicans filibuster they don't just keep reading this statement over and over again into the record. 

 

Not that they are any better, but a replay of what Obama said vs. what he does now might be interesting to attention deficit voters.

 

Mon, 10/07/2013 - 15:23 | 4031441 Stoploss
Stoploss's picture

CALL YOUR STATE LEGISLATORS AND DEMAND A NO CONFIDENCE VOTE FOR BARRY AND CO.  STATE BY STATE VOTING.

 

NO CONFIDENCE CONFIRMATION POST VOTE AUTOMATICALLY RESULTS IN IMMEDIATE IMPEACHMENT PROCEEDINGS.

Mon, 10/07/2013 - 13:06 | 4030836 OwnSilverPlayMusic
OwnSilverPlayMusic's picture

Muhammed Morsi's victory in the presidential election was announced on 24 June 2012 after he won the run-off election winning 51.7 percent of the vote.   Don't blame me I voted for Kodos, err Gary Johnson.

Mon, 10/07/2013 - 13:05 | 4030840 Jethro
Jethro's picture

HH, regarding the mandate and "emperors". The Chinese historically considered it good leadership if they never heard about the Emperor. Our Emperor can't seem to get enough attention. We have a petulant child as our leader. Interesting times indeed...

Mon, 10/07/2013 - 14:10 | 4031136 Socratic Dog
Socratic Dog's picture

Not entirely unexpected, in a nation of petulant children.

Mon, 10/07/2013 - 14:00 | 4031099 floyd084
floyd084's picture

Didnt clint curtis say the machines could be flipped 51-49 to which ever party they wanted?

 

Mon, 10/07/2013 - 14:13 | 4031110 TheGardener
TheGardener's picture

I`am the president, I don't need to negroeciate.

except for my flying color kind of approach, I`m your preacher ! Whether half withe or half black, you could all be wrong! All I need is a majority to screw you up and all race issues laid to rest because as the elected president:

"I hate all of you "

Mon, 10/07/2013 - 14:11 | 4031146 CrashisOptimistic
CrashisOptimistic's picture

That looks to me like less than 4% of 125 million ppl.  65 million votes is about 20% of the population.

Shaky to label that mandate.

Mon, 10/07/2013 - 14:24 | 4031199 Dre4dwolf
Dre4dwolf's picture

The republicans shot themselves in the foot, if they kicked that baffoon mitt romney off the stage and didn't load Ron Pauls questions with moronic statements we would have a good president right now and things would be getting better.

 

I don't get how Mitt Romney was getting credit when during all the debates he kept asking Ron Paul for help answering basic questions about government, the entire stage was looking to Ron Paul for answers to their questions, Ron Paul pretty much answered every question in the debate (his own and his competitions) and still didn't get the nomination.

 

Fucking rigged system of bullshit.

Mon, 10/07/2013 - 15:37 | 4031530 John_Coltrane
John_Coltrane's picture

You should break the tally down further.  What % of each vote paid federal income taxes?  My guess, limiting voting to taxpayers it would Romney by a landslide.  Don't pay taxes, why should you be allowed to vote since governemtn is nothimg more than an income redistribution scheme?  Ponder that deeply.  Ownly people who own homes should be allowed to vote for levies raising property taxes.  No skin in the game you don't get to play the game.

Mon, 10/07/2013 - 18:03 | 4032053 Hail Spode
Hail Spode's picture

One of your down votes is mine Hedgeles, because you seem to think that the voters had a legitimate choice.   The system did everything it could to keep Ron Paul down, who wanted to cut $1 trillion in federal spending year one.   That was the only plan on the table that could have kept us from this place.   Nothing Romney was even proposing would bring us to any different place than we are now, except that the GOP would be all for the debt limit increase.   In  addition, Romney would have started the war with Syria/Iran that the Resident backed down on, leading to untold billions more in spending.

Mon, 10/07/2013 - 12:58 | 4030805 Thom_333
Thom_333's picture

"Manufactured crisis"...Ha.

The pot calling the kettle black, I would say. This administration seems to be staggering from one manufactured crisis to another.

 Crisis,fear and .....grievances seems to be the only things that keeps it going.

Leadership through fear, built-up grievances... Not really what is needed.

Mon, 10/07/2013 - 13:04 | 4030838 McMolotov
McMolotov's picture

Is this not what community organizers/agitators do? This is all he knows. We have a flim-flam man as President.

Mon, 10/07/2013 - 14:00 | 4031103 MiltonFriedmans...
MiltonFriedmansNightmare's picture

Exactly my thoughts, community organizing 101, ie commie propaganda.

Mon, 10/07/2013 - 14:28 | 4031219 g speed
g speed's picture

pigeon chess

Mon, 10/07/2013 - 13:04 | 4030829 f16hoser
f16hoser's picture

My thought EXACTLY! Keep government (Obama) shut down. Obama owns this. Not congress.

Mon, 10/07/2013 - 13:25 | 4030938 fooshorter
fooshorter's picture

VENTURA 2016

Mon, 10/07/2013 - 14:38 | 4031269 Clayton Bigsby
Clayton Bigsby's picture

Beat me to it, but resoundingly seconded...

Mon, 10/07/2013 - 15:51 | 4031603 DosZap
DosZap's picture

http://www.usnews.com/news/articles/2013/10/07/truckers-for-the-constitution-plan-to-slow-dc-beltway-arrest-congressmen

 

Appears HE is fixing to get more than he bargained for, this could be the catalyst for the BIG one.

Mon, 10/07/2013 - 12:49 | 4030752 Headbanger
Headbanger's picture

And this guy is the President!??

Mon, 10/07/2013 - 12:52 | 4030763 McMolotov
McMolotov's picture

President Barack Mountain Dew Hussein Herbert Walker Bush Camachobama.

Mon, 10/07/2013 - 13:05 | 4030837 kralizec
kralizec's picture

When can we kick him in the...vagina?

Mon, 10/07/2013 - 13:13 | 4030885 Variance Doc
Variance Doc's picture

F'n awsome: Camachobama.

Too bad the sheep won't get it.

Mon, 10/07/2013 - 14:13 | 4031155 NemoDeNovo
NemoDeNovo's picture

Correction we have el presidente Bawreck Holdhostage Oblamer Commacho

 

http://youtu.be/llwgHjfagBo

 

 

Mon, 10/07/2013 - 12:53 | 4030767 ShrNfr
ShrNfr's picture

He got the free stuff vote.

Mon, 10/07/2013 - 12:56 | 4030785 Lumberjack
Lumberjack's picture

All those missing cigarettes courtesy of the atf

Mon, 10/07/2013 - 12:54 | 4030772 Racer
Racer's picture

He considers himself to be King Obomber

Mon, 10/07/2013 - 13:02 | 4030817 cougar_w
cougar_w's picture

He sounds more like an athletic director.

Win me some games and I'll think about buying better equipment. 

Mon, 10/07/2013 - 12:55 | 4030782 McMolotov
McMolotov's picture

OBAMA TELLS CONGRESS TO 'MOVE BEYOND THIS MANUFACTURED CRISIS'

Manufactured crises — this is where the big jobs will be during America's coming manufacturing renaissance.

Mon, 10/07/2013 - 13:17 | 4030904 TeamDepends
TeamDepends's picture

Crisis actors have to eat too.

Mon, 10/07/2013 - 15:30 | 4031479 Zadok
Zadok's picture

Does that mean this particular manufactured crisis is not getting the job done, therefore we must move past it?

As opposed to those that used to get the job done where we can NEVER hear the end of it?

Mon, 10/07/2013 - 14:12 | 4031142 shiftless
shiftless's picture

No, he's just a faggot in an empty suit. MY President is Ron Paul.

Mon, 10/07/2013 - 15:09 | 4031391 EmmittFitzhume
EmmittFitzhume's picture

He doesn't care. Anyone with sense in their head knows his ultimate objective it to destroy the system!  

Mon, 10/07/2013 - 12:50 | 4030753 One And Only
One And Only's picture

Obama is insane. Buy spoos

Mon, 10/07/2013 - 12:51 | 4030757 mjorden
mjorden's picture

- "Please meet and exceed my demands, only then we can negotiate"

Mon, 10/07/2013 - 12:51 | 4030758 moonman
moonman's picture

He is such an asshat

 

Mon, 10/07/2013 - 12:50 | 4030759 TheManWithNoName
TheManWithNoName's picture

If we only had a wheelbarrow, that would be something.

Mon, 10/07/2013 - 12:52 | 4030764 superflex
superflex's picture

President Stomp Yo Feet. bitchezz.

 

Mon, 10/07/2013 - 12:52 | 4030766 CrashisOptimistic
CrashisOptimistic's picture

 

It *is* a manufactured crisis.  If there's no debt ceiling increase, Treasury will service the debt and then not spend beyond remaining tax revenue.

The decrease in G in the GDP equation will result in a decrease in GDP.

So what?  I'll take a decrease in GDP for $0 deficit.

Mon, 10/07/2013 - 14:13 | 4031157 Harbanger
Harbanger's picture

You can't not raise the debt ceiling in a debt based system.  It's implodes prematurely.

Mon, 10/07/2013 - 12:52 | 4030771 gatorengineer
gatorengineer's picture

Chicago, Chicago that toddlin town.......................

Mon, 10/07/2013 - 12:55 | 4030774 Bay of Pigs
Bay of Pigs's picture

What is there to "negotiate" anyway? That we need trillions moar to borrow and spend?

The US is done and flat ass busted broke without FED monetization and ESF intervention. All day, everyday.

Mon, 10/07/2013 - 12:54 | 4030775 JJ McApe
JJ McApe's picture

 WON'T NEGOTIATE UNDER 'THREAT OF ECONOMIC CATASTROPHE'

ehm, mr. oboma, it is what it is... lol

i hope republicans stay strong. just raising the limit without doing anything is bullshit. fu obama!

 

Mon, 10/07/2013 - 13:02 | 4030830 cougar_w
cougar_w's picture

What. You actually even once for a femtosecond thought the Repubs wouldn't raise the limit? You seriously believe that horseshit?

Mon, 10/07/2013 - 13:59 | 4031092 Harbanger
Harbanger's picture

I understood him to mean raising the debt without defunding Obamacare.

Mon, 10/07/2013 - 18:13 | 4032082 StychoKiller
StychoKiller's picture

Folks in Hell want ice-water...

Mon, 10/07/2013 - 14:16 | 4031174 CrimsonAvenger
CrimsonAvenger's picture

"I WILL NOT RUN OUT OF THIS BUILDING WHILE IT IS ON FIRE. PUT OUT THE FIRE, THEN I WILL EVACUATE."

"I WILL NOT JUMP OUT OF THIS PLANE WHILE IT IS PLUMMETING TO EARTH. RIGHT THE PLANE, THEN I WILL JUMP."

Damn, I could do this all day.

Mon, 10/07/2013 - 12:55 | 4030778 gatorengineer
gatorengineer's picture

And the market reacted by scratching its ass......

Mon, 10/07/2013 - 13:07 | 4030841 kralizec
kralizec's picture

...and it smells like apples...

Mon, 10/07/2013 - 12:56 | 4030783 rlouis
rlouis's picture

Warren Buffet once said buy a company an idiot could run, because eventually an idiot will run it.

 

That goes for countrys too.

Mon, 10/07/2013 - 13:47 | 4031059 e_goldstein
e_goldstein's picture

I wonder if the same logic applies to gallows.

Mon, 10/07/2013 - 12:55 | 4030786 CrashisOptimistic
CrashisOptimistic's picture

As for waiting for the markets to exert pressure, there are no markets.

HFT has no reason to exert pressure.  It doesn't feel any.

Share buybacks don't care about government spending.

There is so little volume that the robots trading don't care about any of this stuff.

Mon, 10/07/2013 - 12:55 | 4030788 RacerX
RacerX's picture

Pretty smart negotiating tactic. Negotiate AFTER you get what you want. Lol..

Mon, 10/07/2013 - 12:57 | 4030789 ShrNfr
ShrNfr's picture

Of course, here is the bleating from CNN:

 

White House gives inch in battle over debt ceiling
Posted by
Senior White House Correspondent Jim Acosta
Washington (CNN) - After weeks of near silence without any hint of a potential compromise between the Obama administration and Congressional Republicans over the thorny issue of raising the nation's debt ceiling, the White House may be offering some conciliatory language that could lead to a deal to prevent a potential default on Oct. 17.

As of last Friday, White House officials declined to specify any demand as to the length of a debt ceiling increase.

A White House official said Monday morning it is up to Congress to decide how long the debt ceiling increase should last.

"It is up to Congress to pass a debt limit increase, and up to them for how long and when they want to deal with this again," a White House official told CNN. "We have been super clear we think longer is better because it lends more certainty."

However, a separate White House official repeated the President's position that he will not offer concessions in exchange for an increase in the debt limit.

"Only Congress can raise the debt ceiling. We will not negotiate with them over that responsibility."

-----------------

Gives an inch?? Yeah, right. Same shit, different day.

Mon, 10/07/2013 - 13:00 | 4030806 omantrader
omantrader's picture

Not even a millimeter. Boot in the face.

Mon, 10/07/2013 - 12:57 | 4030790 yogibear
yogibear's picture

Chicago politics in the White house and in the Senate. Chicago has no republicans anymore. Look at the deficit in Chicago and Illinois. Like California. Bankrupt. 

It's the future of the US.

Mon, 10/07/2013 - 13:11 | 4030875 viahj
viahj's picture

it's the Cloward Pliven ready made facsist state plan.  overwhelm the system thereby crashing the system only to take over it all.  the pieces are in place.

Mon, 10/07/2013 - 15:36 | 4031521 Zadok
Zadok's picture

Yes sir, this circus is just the contrived farce to place distractionary blame on as it goes precisely according to plan!

Mon, 10/07/2013 - 12:56 | 4030791 Quinvarius
Quinvarius's picture

I think Obama misunderstands the role of the executive branch.

Mon, 10/07/2013 - 12:58 | 4030801 Jethro
Jethro's picture

I realized this the first time he gave a speech in front of the Imperial gold curtains.

Mon, 10/07/2013 - 13:01 | 4030807 McMolotov
McMolotov's picture

Nonsense! Dear Leader is a "Constitutional scholar."

Mon, 10/07/2013 - 13:09 | 4030849 kralizec
kralizec's picture

You meant "anti-constitutional shit", right?

Mon, 10/07/2013 - 13:34 | 4030980 Everybodys All ...
Everybodys All American's picture

He understands it perfectly. The situation you have is that his political beliefs are so radical that he can't enact his Marxist ideas without going outside the Constitutional boundaries.

Mon, 10/07/2013 - 12:58 | 4030794 omantrader
omantrader's picture

Instances where Pres Obama fucked the doomers, tea baggers and the gop.

2008, 2009, Obamacare, fiscal cliff, ....

But the losers still hope and in the process will lose more money. 

Lose, curse; lose, curse; lose, curse. .....

Mon, 10/07/2013 - 13:09 | 4030847 OwnSilverPlayMusic
OwnSilverPlayMusic's picture

When you say lose more money, do you mean this 'money'? The CPI inflation calculator uses the average Consumer Price Index for a given calendar year. This data represents changes in prices of all goods and services purchased for consumption by urban households. This index value has been calculated every year since 1913. For the current year, the latest monthly index value is used. In 2008, for example, it took $21.57 to buy what $1 bought in 1913.

Mon, 10/07/2013 - 13:33 | 4030968 Renewable Life
Renewable Life's picture

ohhhh man, there you go with your facts and history lesson again, nobody understands what the fuck shit costs in 1913, because no one was alive then, that's running shit today, in 1913!

You and I know this shit, the ZHers know this shit, and a few other non sheeple like MF's know it, but the 300 million + US citizens don't even know what the gold/silver standard was, let alone that it existed in the US from the Colonial Period-1972!

These bitchez think that increase from $1 in 1913 to $21.57 in 2008 was "economic growth" in America! These bitchez think that's how you create wealth in the world! I mean, come on man, 90% of Americans, when including mortages and student loans into the equation, are between $100,000- $800,000 IN DEBT or a medium average of $400,000!!!! Yet when polled about how "well they are doing", 50-60% think they are "well off", "making good money", or "are wealthy!!!!

These bitchez are certifiably insane at this point in America, of course we have had 4-5 insane Presidents to follow since 1972!! Which is why the people who say, the reckoning that is coming, will be like nothing anyone has seen in the West in human history, are dead on right!  300 million, spoiled children with no real education or real world survival skills, armed to the teeth, and enraged they can't get their way anymore in the world, isn't going to be pretty!!

Prepare Accordingly!

Mon, 10/07/2013 - 13:41 | 4031029 eclectic syncretist
eclectic syncretist's picture

It's starting to sound like they want a default, but why would that be? 

Mon, 10/07/2013 - 15:27 | 4031455 Snoopy the Economist
Snoopy the Economist's picture

Default = implement marshall law which is the next step to becoming dictator.

Mon, 10/07/2013 - 16:18 | 4031721 Wild tree
Wild tree's picture

Eclectic

Maybe plan B???? Below taken from Mark Levin. Sounds plausible to me:

Earlier this week, conservative talk show host Mark Levin warned that Barack Obama is campaigning and preparing the country for what amounts to a coup against the Constitution over the debt ceiling, Breitbart.com reported Sunday.

Levin said that it's clear Obama has moved on from the shutdown and is now focused on the debt ceiling, paving the way for low-information liberals to support him as he bypasses Congress and unilaterally seizes control of the nation’s economy, Dr. Susan Berry wrote..

"Default, default, default…why is he saying that? Just to scare people?" Levin asked. "Well, that’s part of it, obviously. But, it’s more than that, ladies and gentlemen. Barack Obama is plotting, that if he can’t get what he wants out of the House Republicans, that if he can’t get his Plan A, and get Boehner and the Republicans to buckle - not just on the Continuing Resolution – but on the debt ceiling, then he’s got his Plan B."

And what, exactly is "Plan B?"

According to Levin, that plan involves Obama unilaterally raising the debt ceiling by citing the 14th Amendment.

In essence, Levin said, Obama effectively plans to "seize from Congress the power of the purse" in what he called "the most egregious attack on our Constitution by a President" in all of U.S. history.

Mon, 10/07/2013 - 14:15 | 4031166 Renewable Life
Renewable Life's picture

See ROBERTOCARLOS comments below, for confirmation of statement above!

Mon, 10/07/2013 - 13:40 | 4031021 robertocarlos
robertocarlos's picture

I earn $21.57 an hour, how many people earned a dollar an hour in 1913? And none of them could buy iphones.

Mon, 10/07/2013 - 13:57 | 4031088 akak
akak's picture

 

I earn $21.57 an hour, how many people earned a dollar an hour in 1913? And none of them could buy iphones.

Spoken like the archetype of the perfectly ignorant, gadget-obsessed, utterly clueless Boobus americanus.

Mon, 10/07/2013 - 14:15 | 4031165 Socratic Dog
Socratic Dog's picture

Yes.  That's how satire works.

Mon, 10/07/2013 - 14:24 | 4031200 akak
akak's picture

We live in a time when satire and irony have merged with reality.

Mon, 10/07/2013 - 15:01 | 4031357 James
James's picture

Robertcarlos, Your wage today actually buys you 10% less in goods/services than that $1.00 in 1913.

http://www.usinflationcalculator.com/

Mon, 10/07/2013 - 15:34 | 4031502 robertocarlos
robertocarlos's picture

I realise there are many problems with my statement. In 1913 the income tax rate was lower, and you didn't pay 5% into SS or pay UI premiums. All I can say is the present system works until it doesn't work, and then we start a new system. As is pointed out further down, the new 100 dollar bill is coming soon. Bank holiday! i also realise the debt is unpayable, which sucks if you are a creditor.

Mon, 10/07/2013 - 12:57 | 4030796 yrad
yrad's picture

Where is Jon Corzine?

Mon, 10/07/2013 - 13:00 | 4030814 yogibear
yogibear's picture

Waiting for it cool off and have people forget. He wants a political position somewhere. He loves power.

Mon, 10/07/2013 - 15:38 | 4031528 Keyser
Keyser's picture

Jon and Hillary are sharing mimosas on the veranda. 

Mon, 10/07/2013 - 12:59 | 4030799 floyd084
floyd084's picture

Anyone else want to see us default? I sure do!

Mon, 10/07/2013 - 13:19 | 4030905 walküre
walküre's picture

Those getting hurt in the process probably deserve it in one way or another. I could care less. My compassion has limits.

Mon, 10/07/2013 - 13:22 | 4030921 ejmoosa
ejmoosa's picture

If someone in your family was spending too much and you could not stop them, wouldn't you want them to hit the credit limit?

Mon, 10/07/2013 - 14:01 | 4031098 Diogenes
Diogenes's picture

If they were spending it on you, and the debt was in someone else's name, and you were a douchebag, you would laugh every time they got a new credit card or the bank increased their HELOC and get pissed off every time one of their maxed out credit cards got declined.

Mon, 10/07/2013 - 13:37 | 4031008 Everybodys All ...
Everybodys All American's picture

Defaulting will have many unforeseen consequences. Madmax variety is possible. I don't think you really want this to happen. Your money and property overnight could be nearly worthless.

Mon, 10/07/2013 - 13:02 | 4030802 Ribeye
Ribeye's picture

he's such a fckn gobshite, he really is, 

Mon, 10/07/2013 - 12:58 | 4030803 ejmoosa
ejmoosa's picture

Obama thinks this will destroy America, which is his objective.

 

What he does not realize is this is the only way to save the US.

 

The joke will be on him, if we stand firm.

Mon, 10/07/2013 - 12:58 | 4030804 Shaten
Shaten's picture

Wasn't Obama suppose to submit a budget before all this happend???

Mon, 10/07/2013 - 13:06 | 4030842 ZippyDooDah
ZippyDooDah's picture

Budgets are sooo old school.  We're in the age of the Bernanke!  Print, mofo, print!

Mon, 10/07/2013 - 13:19 | 4030912 ShrNfr
ShrNfr's picture

Any budget he submitted was laughed down unamimously be the House. When even Botox votes against them it tells you something of their quality.

Mon, 10/07/2013 - 13:01 | 4030812 Jethro
Jethro's picture

Do you think that maybe Reggie Love buggered him so hard that he can't think straight?

Mon, 10/07/2013 - 13:02 | 4030820 fooshorter
fooshorter's picture

BE PRESIDENTAL MOTHER F@#($)KER!!

Mon, 10/07/2013 - 13:02 | 4030822 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

What role does Potus play in the waves of psychosis we are witnessing in the African American community?

Black shootings in Chicago, waves of black on white violence and black mob swarming, and most recently a trifecta of tragedy in the capital : the Navy Yard shooter, the mother executed for post partum depression, and an act of self immolation on the mall.

Silence from the Jacksons and Sharptons.

Can lies and deception from a false prophet / profit lead to collective insanity?


Mon, 10/07/2013 - 13:20 | 4030909 walküre
walküre's picture

Short answer: yes

Has a track record throughout history. Race is being preached like a religion. You betcha there's a mass psychosis.

Mon, 10/07/2013 - 13:21 | 4030917 the grateful un...
the grateful unemployed's picture

this is how the hidden agenda works. the hidden agenda is a curtain that weak leaders hide behind, like the great oz. in the end he gave dorothy and her friends a handful of platitudes. when the rips show in the curtain our leader says nothing. then perhaps someone (a newsperson perhaps) points at the rip and says what about that. the leaders says, black people have been made crazy by this government, not this government, which is trying to correct these problems, but by the government before that. the government before this one, spent a lot of money, which is why we have to raise the debt ceiling. to pay for a lot of things we've already bought, and we have to keep a hidden (social) agenda to correct all the racism, sexism, and whale hunting that went on, and still goes on in places like Japan for instance (do I sound like him, sure)

so the next thing is for noisy conservatives on talk radio to start talking it up, crazy blacks, so that the leader can defend the agenda. it all works together. if you didn't have a head full of straw you wouldn't accept stupid platitudes and phony awards. the fact that the curtain was pulled back didn't alter a thing, and in fact it only objectified the curtain (hidden social agenda) so that dissembling became the first method of discourse.

 

Mon, 10/07/2013 - 17:37 | 4031938 rivoniaboy
rivoniaboy's picture

Man that must be strong weed!

Mon, 10/07/2013 - 13:03 | 4030823 americanspirit
americanspirit's picture

So the plan is, my fellow Muslims, that first we will conduct an operation attacking New York that will give our sympathizers in the United States ample reason to begin suspending all of the important guarantees and protections of the Constitution. Then we will take an agent, who we have been grooming since his birth in Kenya and his early education in Indonesia, and manipulate the stupid Americans to elect him as President. In that position he will spend his first few years completing the erection of a Police state apparatus. Then when the time is right he will set up the financial ruin of the country in such a way that it will be blamed on everybody but himself. Once that has been accomplished and global financial disaster has struck, we will be ready for the final phase of our plan - but we are keeping that endgame secret for now. Let's see how well Brother Hussain Obama does at executing the plans we have made for him so far. 

Mon, 10/07/2013 - 13:02 | 4030828 Goldbugger
Goldbugger's picture
Systems are Breaking in Treasury Bond Market-Dr. Jim Willie

http://usawatchdog.com/systems-are-breaking-in-treasury-bond-market-dr-j...

“What’s going on with the Treasury bond market right now is systems are breaking . . . they broke the interest rate swaps.  They are not functioning anymore. . . . Foreigners are dumping Treasuries.”  Dr. Willie contends this is what caused the spike in interest rates in the past few months.  And what was the meeting last week of all the big bankers at the White House?  Dr. Willie speculates, “I think it was an emergency meeting because they cannot successfully defend the dollar anymore, not fend off the big Treasury bond sales.”  Dr. Willie thinks, “Reversal in the Treasury bond market could be a death blow for these zombie New York banks . . . These big banks are in danger of imploding”   Dr. Willie predicts, “I don’t think the Fed is going to taper its bond buying.  I believe they are going to double it.”  Dr. Willie goes on to say, “The Fed will say let’s continue QE, and instead of suffocation from rising rates, we’ll have drowning from rising costs. . . . They are going for drowning because it’s slower.”  Join Greg Hunter as he goes One-on-One with financial

Mon, 10/07/2013 - 13:03 | 4030833 dadichris
dadichris's picture

These Republicans are way too soft for me.  The need to approve the keystone pipeline AND end foreign aid along with repealing obamacare before restoring the government or raising the debt ceiling. 

Mon, 10/07/2013 - 13:51 | 4030936 monad
monad's picture

They need to impeach and prosecute the Soetoro administration and the Bush administration, anull the unconstitutional federal government agencies, repeal the unconstitutional laws and end the federal reserve.

Mon, 10/07/2013 - 13:12 | 4030834 orangegeek
orangegeek's picture

Barry comes up with the most priceless lines:

 

- you didn't build that

- I'll negotiate after debt ceiling is raised (ie: the deal is done)

 

Remember folks - Barry's dad was a drunk who killed himself while driving hammered and Barry's mom was the campus whorebag.

 

If you think some of these Barry "one liners" are annoying/asinine, you ain't seen nothin'.

 

Barry is just a fucked up little boy.  Get ready for more Barry verbal vomit and stupidity courtesy of Barry - he's not fighting with you - he's just talking to the voices in his head that won't go away.

Mon, 10/07/2013 - 13:08 | 4030846 Smartie37
Smartie37's picture

Ceiling?  CEILING??  HA HA HAHAHAHAHA!!!

It's a stinkin' elevator--with One Button !  

Quick, someone push the button before the doors close !  

Going UP ?!?!?!?!?!!!!!!!!

Mon, 10/07/2013 - 13:31 | 4030958 yogibear
yogibear's picture

They keep adding floors and trillion dollar buttons. The real debt (unfunded) is much higher.

 

Mon, 10/07/2013 - 13:08 | 4030855 praps
praps's picture

Obama is basicaly saying to the 1%, handover more of your wealth to the 99% in the form of health care or you are going to lose a lot more that that when all the assets you own crash.

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