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White House And Republicans Issue Dueling Statements - Market In Limbo

Tyler Durden's picture




 

It would appear that the two sides cannot even compromise of what was said the compromise talks.

  • *REPUBLICAN RYAN SAYS OBAMA `DIDN'T SAY YES, DIDN'T SAY NO'
  • *REPUBLICAN ROGERS SAYS OBAMA TOLD LAWMAKERS TO END SHUTDOWN
  • *WHITE HOUSE STATEMENT SAYS PRESIDENT SEES `PROGRESS' ON DEBT
  • *REPUBLICANS SAY NO FINAL DECISIONS MADE IN WHITE HOUSE MEETING
  • *DEBT TALKS TO CONTINUE INTO THE NIGHT: REPUBLICAN STATEMENT

 

White House Statement:

The President had a good meeting with members of the House Republican Leadership this evening; the meeting lasted approximately an hour and a half. The President, along with the Vice President, Treasury Secretary Lew, Denis McDonough and Rob Nabors listened to the Republicans present their proposal.

 

After a discussion about potential paths forward, no specific determination was made. The President looks forward to making continued progress with members on both sides of the aisle. The President’s goal remains to ensure we pay the bills we’ve incurred, reopen the government and get back to the business of growing the economy, creating jobs and strengthening the middle class.

 

From Brendan Buck, press secretary for House Speaker John A. Boehner:

This evening in the Roosevelt Room, the leaders laid out the House proposal to temporarily extend the debt limit, formally appoint budget negotiators, and begin immediate discussions over how to re-open the government. No final decisions were made; however, it was a useful and productive conversation.

 

The President and leaders agreed that communication should continue throughout the night. House Republicans remain committed to good faith negotiations with the president, and we are pleased there was an opportunity to sit down and begin a constructive dialogue tonight.

 

Rep. Paul Ryan (R-Wisc.) told reporters after the White House meeting that talks would continue as well.

He rebuffed characterizations that President Obama had rejected the House proposal for a six-week extension of the debt ceiling.

“Well, he didn’t say yes. He didn’t say no,” Ryan said. “We’re continuing to negotiate this eventing,” Ryan said.

The take away from the meeting was, our teams are going to be talking further tonight. We’ll have more discussion. We’ll come back to have more discussion. The president said he would go and consult with the administration folks. And hopefully we can see a way forward after that,” Cantor said.

Perhaps the best summary so far:

 

 

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Thu, 10/10/2013 - 19:13 | 4043140 Millivanilli
Millivanilli's picture

Fuck ALL of  THESE bankster lackey apparatchik asshole clinger mother fuckers.

 

DEBT REPUDIATION YES WE CAN

 

FUCK YOU OBAMA

 

WHY SHOULD WE PAY FOR LYING CORRUPT POLITICIANS?

 

TAXATION WITHOUT REPRESENTATION, BITCHEZZ.  ZERO INTEREST AS CREDITORS TO BANKS?   IMMUNITY FROM PROSECUTION PER DA PREZ.  

 

FUCK YOU, REALLY.   FUCK YOU.  AND FUCK YOUR BULLSHIT INSURANCE CO HANDOUT, YES IT IS A TAX BULLSHIT UNAFFORDABLE CARE ACT.   PAY A PREMIUM AND HAVE A HUGE DEDUCTABLE?  FUCK YOU.   

Thu, 10/10/2013 - 19:11 | 4043173 The Alarmist
The Alarmist's picture

Lighten up, Frances ... think happy thoughts to the tunes of the Clash

 

Darling you gotta let me know 
Should I stay or should I go? 
If you say that you are mine 
I'll be here til the end of time 
So you got to let know 
Should I stay or should I go? 

Always tease tease tease 
You're happy when I'm on my knees 
One day is fine, next is black 
So if you want me off your back 
Well come on and let me know 
Should I stay or should I go? 

Thu, 10/10/2013 - 21:02 | 4043509 Anusocracy
Anusocracy's picture

The market needs some industrial strength Ex-Lax.

Thu, 10/10/2013 - 19:13 | 4043174 ACP
ACP's picture

They make dueling statements, we get dueling banjos.

Squeal like a pig, taxpayer!

FUCK the govt. Shut the fucker down PERMANENTLY!

Thu, 10/10/2013 - 19:28 | 4043229 NidStyles
NidStyles's picture

Dueling banjos would be an improvement.

Thu, 10/10/2013 - 19:52 | 4043284 johngaltfla
johngaltfla's picture

To quote the Roman Senate which behaves like our government.... from "History of the World Part 1"

 

FVCK the Poor!

http://youtu.be/rYqF_BtIwAU

 

 

Thu, 10/10/2013 - 19:03 | 4043148 prains
prains's picture

man, the popcorn is getting soggy

Thu, 10/10/2013 - 19:25 | 4043155 onelight
onelight's picture

They have to work this til Monday or so...the Dow hit its 200dma the other day and that should be good for a bounce, regardless of the BS factor wafting everywhere around us...plus, the small Nasdaq equity cycle said up into Friday, with possible (per usual) carryover into Monday, then down afterward for a few days (broadly speaking the Naz has upward into early November albeit with pullbacks, then weaker into Thanksgiving then up into year-end albeit with winnowing of weaker stocks)...so if "micro-market mgmt cycle" ain't done, they ain't done...look for more happy talk, unless I'm wrong which happens often enough..

Thu, 10/10/2013 - 19:05 | 4043151 lolmao500
lolmao500's picture

Fold you fuckers and you're DONE. Republicans need to UNDERSTAND THEY HAVE THE POWER. THEY CONTROL THE MONEY. Everything else is BULLSHIT.

Thu, 10/10/2013 - 19:12 | 4043170 CrashisOptimistic
CrashisOptimistic's picture

In case anyone is wondering why these fights and perpetual crises are the new normal, it is not really because anything in government per se has changed.

Rather, it's because in the past when there were arguments that seemed unsolvable, the solution was to spend money on each seat holder's pet projects.  If Congressman X opposed something on principle, a new $500 million facility was put in his district.  And if Senator Y in the opposite party had principles that refused to agree with something, about a billion dollars would be spent in his state with the understanding that he would get full credit for that bacon.

And that's the difference now.  There is no money to spend anymore.  There's no money available above the Sequester caps to bribe anyone.  Even without the Sequester the focus and embarassment over pork in bills has taken that chip off the table.

Thu, 10/10/2013 - 19:48 | 4043186 onelight
onelight's picture

Astute observation. Are they done, then...what follows...what's the next rabbit, or does the rabbit get it from here on out?

Thu, 10/10/2013 - 19:06 | 4043156 cossack55
cossack55's picture

Allow me please.

YES, they are all a group of assholes (or maybe swarm, pride, pack?)

NO, they should no longer be authorized to breath.

Thu, 10/10/2013 - 19:08 | 4043157 TheLooza
TheLooza's picture

a lot of ins, a lot of outs, a lot of what have yous.....

Thu, 10/10/2013 - 19:36 | 4043159 ghostfaceinvestah
ghostfaceinvestah's picture

"strengthening" the middle class?

Make me laugh

Thu, 10/10/2013 - 19:12 | 4043169 lolmao500
lolmao500's picture

Senate RINOs, always ready to fuck you up the ass...

http://thehill.com/homenews/senate/327857-senate-republicans-rally-aroun...

Senate GOP rallies around rival plan on debt ceiling, shutdown

Senate Republicans are unhappy with a House GOP plan to raise the debt ceiling for six weeks without funding the federal government. They are coalescing around their own proposal to pair a short-term debt-ceiling increase with a year-long stopgap to fund the government.

Under their plan, the government would be funded for a year at the $967 billion level set by the 2011 Budget Control Act.
The package would also include a repeal of ObamaCare's medical-device tax and language to require income verification of people who apply for healthcare subsidies under the Affordable Care Act, said GOP sources familiar with the talks.

Some Senate Republicans are willing to extend the debt limit for as long as six months, while others say the extension should only last for a few months.
Republican lawmakers say Senate Republican Leader Mitch McConnell (Ky.), who did not support the push to shut down the government in order to win concessions on ObamaCare, is at the center of the talks.

Thu, 10/10/2013 - 19:13 | 4043177 nmewn
nmewn's picture

Find your gonads boys.

The Individual Mandate must die, just like for the corporations...or no deal.

You will be seen as cowards & lackeys.

Your choice.

Thu, 10/10/2013 - 19:18 | 4043184 riphowardkatz
riphowardkatz's picture

yes but should be...

Or you will continue to be seen as cowards and lackeys.

Thu, 10/10/2013 - 19:28 | 4043228 nmewn
nmewn's picture

True dat.

I'm under no illusions that they want the power to dispense favoritism among themselves & their cronies...but...if they're going to proclaim to be "Populists" the first act is, everyone is equal under the law.

Or there is no law.

Which I'm fine with too, just establishing the lines of demarcation between reality and a charade ;-)

Thu, 10/10/2013 - 19:17 | 4043188 The Alarmist
The Alarmist's picture

Just out of curiosity, how do you authorise a higher debt ceiling for a limited period of time??? Once they have borrowed up to the new limit ... and they will ... does anyone think they are going to pay it down on the day the temporary authorisation expires?

Thu, 10/10/2013 - 19:24 | 4043206 stormsailor
stormsailor's picture

they are cowards and lackeys,  just hope they can man up and stand firm here.  maybe for the first time ever

 

Thu, 10/10/2013 - 19:36 | 4043251 AllWorkedUp
AllWorkedUp's picture

That is so true it's disgusting. Boner better lose his speakership if he caves yet again. Sick of these pussies.

Thu, 10/10/2013 - 19:24 | 4043217 bugs_
bugs_'s picture

always a false fig leaf offered from the white house

the rinos don't have enough votes to deliver on this

the dinos don't have enough votes to deliver on this

strangely the will of the tea party, the will of anonymous, and the will of occupy are completely in sync here (but they don't know it)

Thu, 10/10/2013 - 19:25 | 4043224 lakecity55
lakecity55's picture

"hahahahaha, i have caused mayhem with my phony health care computer program. the fake shutdown is rolling along. the fake debt limit is ahead. i have been as petty as possible to keep folks mad. time to cause a crisis and dust off those Enabling Acts so i can become Caesar! hahahhahaha! yes i will close the oceans! the forests! open-air monuments! i will open the mall for illegal aliens to rant! hahhahaha, i am going to destroy you, amerika! hahahahhaa! i am the anointed won!"

Thu, 10/10/2013 - 19:56 | 4043292 socalbeach
socalbeach's picture

I'm surprised there hasn't been any discussion of the Premium Bond idea. It's a gimmick like the trillion dollar platinum coin, but not as transparently bogus.

Mint the Premium Bonds!

The basic idea is that instead of the Treasury selling say a $1 million dollar bond at 3.7% interest, it would sell a $1 million dollar bond for a higher interest rate. But the higher interest rate would mean the bond sells for a higher price even though the debt would only go up by the $1 million amt. The extra money received could be used for additional spending.

(the $452 billion monthly spending figure in the article is wrong.)

Thu, 10/10/2013 - 20:06 | 4043332 it aint easy
it aint easy's picture

Mind = blown

Fri, 10/11/2013 - 04:14 | 4044114 ebworthen
ebworthen's picture

Starting work on the orbiting U.S.S.A. blow everyone else to shit Death Star makes as much sense.

Projected completion date 2113.

Thu, 10/10/2013 - 20:24 | 4043375 surf0766
surf0766's picture

Great, all the progressives sitting drinking and deciding how they will bend us over.

 

 

Thu, 10/10/2013 - 20:34 | 4043423 Cult of Criminality
Cult of Criminality's picture

When is the whitehouse releasing the hostages ?

Fri, 10/11/2013 - 02:42 | 4044080 Buck Johnson
Buck Johnson's picture

What was being proposed, they won't say.  Also I think the media is being told to say things are working out when it truly isn't.

Fri, 10/11/2013 - 04:06 | 4044111 williambanzai7
williambanzai7's picture

LIGHT WEIGHT

Fri, 10/11/2013 - 04:27 | 4044124 drunkenlout
drunkenlout's picture

An all-nighter at the Twat House!  I'm breathless with anticipation..., with exhaustion.  

Is that Jesse slamming the little dweeb-maegashira?

Fri, 10/11/2013 - 05:32 | 4044152 theprofromdover
theprofromdover's picture

Boner looks like the kind of guy who, if you stop talking, can't stand the silence and blurts out some concession or confession.

You know the kind of meetings, you aren't going to get your way by force of argument, so you try patience and silence.

Fri, 10/11/2013 - 09:21 | 4044605 kenezen
kenezen's picture

America has been Citizen Centric for appx. 250 years. Now we are Federal Government Centric. It's been a slow and steady process but, it's now here. How do I know? Where's my proof? The only Extra-Constitutional Agency in Government now rules the people in their two most intimate areas, Health and Income! And if you doubt their "Extra Constitutional powers" look at Section #6331 of the IRS Code! Beria Would Be proud! 

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