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GOP Warns "Definitely A Chance We're Going To Go Past The Deadline"
The rhetoric from today's political maneuvering is eerily reminiscent of the rhetoric just a week ago and absolutely in now way represents the 'progress' than an impatient to BTFATH equity market appears confident about. As AP reports, Harry Reid seemed to arrogantly explain "we haven't done anything yet" by way of compromise (as his party rejected the compromise deal on the basis of the spending and taxes issues; and the Republicans came out swinging. Boehner (behind closed doors) exclaimed "The Senate needs to hold tough; the President isn't negotiating with us;" and tea-party caucus member Fleming blasted, "It's very clear to us he does not now, and never had, any intentions of negotiating," and warned, there was "definitely a chance that we're going to go past the deadline."
Republicans and Democrats in Congress lumbered through a day of political maneuvering Saturday while a threatened default by the Treasury crept uncomfortably closer and a partial government shutdown neared the end of its second week.
"We haven't done anything yet" by way of compromise, Majority Leader Harry Reid, D-Nev.,
...
Across the Capitol, tea party caucus Republican Rep. John Fleming of Louisiana said there was "definitely a chance that we're going to go past the deadline" that Treasury Secretary Jack Lew has set
...
"The Senate needs to hold tough," Rep. Greg Walden, R-Ore., quoted Speaker John Boehner, R-Ohio, as telling the GOP rank and file in a private meeting. "The president now isn't negotiating with us."
...
The president's party rejected a stab at compromise led by GOP Maine Sen. Susan Collins, while Republicans blocked the advance of a no-strings attached measure the Democrats drafted to let the Treasury resume normal borrowing. The party line vote was 53-45, seven short of the 60 required.
In disagreement was a pair of issues, both important and also emblematic of a broader, unyielding dispute between the political parties over spending, taxes and deficits.
...
"Perhaps he sees this as the best opportunity for him to win the House in 2014," Fleming said of the president. "It's very clear to us he does not now, and never had, any intentions of negotiating."
Reid was savage.
Republicans had begun seeking concessions on health care, he said, and now their No. 1 issue is "to divert attention from the fools they've made of themselves on Obamacare."
...
In his Saturday address, Obama said, "Politics is a battle of ideas, but you advance those ideas through elections and legislation - not extortion."
Doesn't exactly sound like the "deal is close" bullshit that drove the Dow up 500 points in 36 hours we saw last week?
In the meantime, we wonder what "sweet nothings" these two were discussing in the past...
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Won't happen. No. Fucking. Way. Not because anyone wants to do the right thing, but because everyone in DC wants to do the wrong thing for their major contributors. I hate to spoil the end of the movie, but someone looks bad and a few people lose their jobs next election and the debt ceiling is raised. No alternate ending is available on Blu Ray.
FUCK YOU YELLEN YOU STUPID WHORE
Come on man. She's not stupid.
Oh, yeah?
Read this and tell me she's not stupid:
http://www.frbsf.org/our-district/press/presidents-speeches/yellen-speeches/2005/october/housing-bubbles-and-monetary-policy/
I have long ago given up on the notion that any of these guys are stupid. They say stupid shit, but they do exactly what benefits the oligarchs. If they came out and said "we know our monetary policy is enriching a few people at the expense of everyone else who is destined to be a debt slave serf," do you think the system would continue? Pay attention to what they do, not what they say. Yellen was selected because she will do what her masters tell her to do. She will live a life of ease and retire wealthy. She's not stupid.
Oh no, she's fucking stupid
Did you notice that every time they do this it goes a little closer to the bink? Not sure if they're conditioning themselves or conditioning us, but somebody's testing/getting more comfortable with playing on the edge. This time it looks like they'll hang their toes over it before stepping back.
Yellin in 2005 from the above article:
In my view, it makes sense to organize one’s thinking around three consecutive questions—three hurdles to jump before pulling the monetary policy trigger. First, if the bubble were to deflate on its own, would the effect on the economy be exceedingly large? Second, is it unlikely that the Fed could mitigate the consequences? Third, is monetary policy the best tool to use to deflate a house-price bubble?
My answers to these questions in the shortest possible form are, “no,” “no,” and “no.”
---------------------
I read she attended Brown and grad school at Yale. I do not think she is technically stupid, but all that education behind a statement like that is worse than being technically stupid. One of the worst situations to deal with is when you give a person power and everyone believes (including themselves) that they are brilliant. She appears to be a delusional, inept, sychophant. She will fit right in. All show and no go.
What the Fed talking head say in Public is likely completely different in Private. You can't rule out their is a hidden agenda.
That said, The GOP seems pretty stupid. If the US Defaults Barry can use the NDAA to seize control.
The education people like Yellen have is much like that of the Alchemists of old times and ironically has the same misguided goal of making money or gold from nothing. Oh they're so well taught all the formulas and the names of the various elements and the magical incantations to turn lead into gold.
So we can say these people are highly educated and thus not stupid but when their education is essentially a system of rationalizations for how the world should work, then they're just a bunch of very dangerous charlatans!
Blood letting anyone???
My concern is that The Zero will want so desperately to humiliate the Repubs that he will escallate the rhetoric to the point where there is no possibility of any negotiations. Then he will tell Lew to miss payment on some obscure debt, maybe a $100 million payment to something that will hurt the Repubs the most, like their retirement funds. It will get played as a "default" by the US Government. It will end up igniting a firestorm of insecurity and selling in the US$ abd US Bonds.
Oopsie!
Zero will try to blame the Repubs for this but the whole thing will be revealed as his petty attempt to be "the man". After that the entire globe will recognize his psychopathy and incompetence. Once that sets in all hell will break loose.
Obama doesn't care about Republicans. He doesn't care about Democrats. He doesn't care much about scoring political points or what things look like to anyone with half a brain since he's not going to be up for reelection. He was taught one line of thinking: overload and bring down the system. Which is what he's doing. Strangely, the banks never seem to feel the brunt of his policies, though. Odd that they haven't, don't you think?
"Strangely, the banks never seem to feel the brunt of his policies, though..."
Strange indeed that a socialist Marxist consistently does what benefits the bankers. Hmmmm.
So the passage of piece of legislation as far reaching as Obamacare using reconciliation is representative of a fair democratic process? And then why Mr. President, do we e offcials to office? Is is to represent the interests of their consitiuents or is it merely to rubber stamp the legislation set fort by the majority party? Where the fuck did you learn about consitutional law? Harvard?
"Democracy" is great huh?
All 50% has to do is bribe a single fence sitter (and they always know who they are) to get that one extra vote...like the CornHusker Kickback...to impose your wishes on a 100%.
Its like the tyranny of the majority or sumpin ;-)
and the Louisiana Purchase.....
What's also representative of a fair democratic process is that the Constitution says Funding starts in the House. There's a good reason for this balance!
Spigot:
"After that the entire globe will recognize his psychopathy and incompetence. Once that sets in all hell will break loose."
Except for the US, "the entire globe" already recognizes "his psychopathy and incompetence".
All hell broke loose in 2008 when the Congress was slapped down in the coup of '08, and--------is still running wild and very hot.
We are not waiting for the 'collapse'----we are in the collapse!
Olto, Your points well taken. Death is death, its how you get there. So far we started out chain smoking via Reagan. When Clinton went for the Weed in 1996 we entered the gateway. Bush gave us uppers. SInce 2008 we've been main lining under Zero. But you can only go so far. We're half dead on the gutter curb right now. But the truck that is about to clean our clocks will definitely finish the job. But you are right, dead is dead.
Thanks, Spigot
Let's have another cup of tea, shall we?
Old Yellen is a ditzy Jewish American Princess. No original thought inside her skull.
+1
John Mitchell
Yes, she'll retire to a little hobbit house with doors 2 ft. wide and 2 ft. high
Yeah, I heard that argument about Bush too... That he's not actually stupid, he just plays it up.
Nah, he's just stupid. It really is that easy. Not stupid enough to ever cross the guys that supply his coke, and smart enough to put on his own suit (probably gets someone to tie the tie though).
In fact, the low grade of fucking moron "running" the world right now, is a sad indictment of what the true powers think of our collective intellect.
In short: They think we're a pack of retards, and they're not often wrong.
Do you ever heard the term "useful idiot"?
Because that is what Yellen is.
actually the opposite is true - she is very smart since she was able to "invent" a variaty of reasons not to deflate the real estate bubble
"That depends on what the definition of is is."
Edit: OK...yes reading the above I agree....'effing corrupt dirtbags.
Yeah they tell me she's got like a 180 IQ and shit. 180 IQ and still can't figure out what the word 'patsy' means I guess.
"We are like totally fucking serious about this! I'm not kidding. We will do it man! Really, no bullshit this time!"
You see, here's the problem:
Polls presume elections take place.
What if the Tea Party basically says that the country is finished, one way or the other, so either they win (and the country loses order quickly by November 1), or they no longer exist (made into a terrorist organization, as I believe they should)...
It doesn't matter if your approval rating is zero if there's no more voting. They never stopped the sequester, and now they have less than 96 hours left before X-Date.
Then, do they get the two weeks in interim to figure out if it's going to happen or not...
Face it Boehner you can't negotiate with lieing assholes like Reid and Obama.
Hang tough TP, we got your back outside the Beltway. If the Imperial Guard won't negotiate the terms of its surrender...burn it down around them.
They're suicidal anyways ;-)
In a bygone era my family were active supporters of Oliver Cromwell. Why did I just think about that?
Something to do with a certain death warrant, no doubt ;-)
Yeah, there's good reason why my family, what was left of it, headed for the new world.
Even if this went well from here, good for a couple of notches of downgrade? ... wotcha reckon?
As it should be.
Government doesn't have rights, people do. Government only has laws & restrictions & regulations & mandates & bureaucracies to enforce them, they are not omnipotent.
To the US government debt holders I say, you chose poorly, you'll just have to get over it. It was a bad decision on your part. Don't compound the error by supporting a tyranical government aligned with your financial interests.
It pisses us off ;-)
So you mean that it's not a good idea to loan money to an entity that's $17,000,000,000,000 in the hole CURRENTLY, and has bills coming due to the tune of $100,000,000,000,000 and expect to make money on this loan? If that's the case then you probably also think that, should you be employed by this entity, you shouldn't always expect to get paid (on time).
if it can print money out of thin air why not ?
Then start it. (Not joking, not angry at you (except I think we're done with the "talking" phase...))
If you really believe that, it needs to start before you're the one that gets gunned down, because, here's the shocker to you: Most of these people understand they're probably dead anyway if SHTF, so they will have no problems taking you with them.
Do they get to dictate terms, or do you?
@Everybody's All American
I can't speak for the rest of the country, but in my little corner the majority of people never wanted Obama, would love to see him go and, when not working, are preoccupied with college and pro football. A little sad, yes, but nobody and I mean nobody that I know cares about shutdown and/or possible default. And why should anyone care? Everything has always ended up perfectly fine before, so it always will. This is the problem with the nanny state. When the little consequences have been suspended, the catastrophic consequences are all that's left.
Just do it. You won't do it. Come on, do it.
... so that way we'll make even more money trading with our insider trading! MWAHAHAHAHAHA!
HOLD THE FUCKING LINE YOU FUCKERS. NO FUCKING DEAL.
+ 1
No Deal. Let it burn.
One guy is to blame for most of this. All Obama has to do is delay Obamacare by a year.
He knows he doesn't need to. The Red Team is 100% in the pockets of the bankers just like the Blue Team. The Reds are posturing about Obamacare to get your vote. They want to raise the debt ceiling because their owners want them to raise it. The rest is pure fiction designed to get your vote next time around. Don't fall for it.
Not ALL the Reds Rand, not all.
There is a sub-group of Reds that knows life as WE know it will not end without another handout to Wall Street corporations & DC. Just as the parasites of Wall Street & DC know it, that their lives WILL end, as they knew it, without the force of a bad law driving young peoples money into ObamaCare DotCorp.
Pretty much everyone is aware of what this really is.
Fair enough. Same is true of a few Blues. Kucinich was against the bailouts, for example. But those guys have become fringe and they are all universally marginalized and demonized by the MSM. My point is that we need to get away from the Red Team vs Blue Team debate. I should add "mainstream" Red and Blue to the equation.
Ya know, I've been looking at Kucinich. Despite some of his unorthodox views (UFO's and whatnot) he usually comes down as a civil libertarian...when he's not promoting a welfare state.
Believe or not, thats a compliment to Kucinich from me...lol.
And no, I'm not interested in debating 2,000 year old batteries, Mayans or how in the hell the Nazca Lines were drawn by a primitive people ;-)
Pelosi is an alien. There. I said it. She sure as fuck isn't human.
He's got you there nmewn! Tap out before its too late !!!
He said he saw something flying he could not identify. So? Do you really think they dont test air craft you've never seen before and cannot identify? The media spun that into him seeing aliens. You bought that spin too apprently.
Worse is he caved on fighting obamacare, obama took him on air force one, next thing you know they're buddies and his wife is going around the country with obamas wife.
Guys, just to be on the safe side of things - stash some cash at home, if nothing happens then deposit it back in your account or convert it into Gold. Be safe.
Anyway, I bet most folks here always have a few grands in cash + gold/silver at home for any contingencies.
Yes, most folks here at ZH. Guns and ammo help with other kinds of "contingencies" too.
Holy fuck, twenty minutes till the gun store closes...........
Be right back.
Don't forget the ammo... and tomorrow, go to the gun range...
Gun range?
Dad gave me my first twelve gauge when I was eleven.
If I can't hit what I'm aiming at by now, shame on me.
Get some practice. It's not like riding a bike. I was surprised how rusty I was with my old 45 when I picked it back up a couple years ago after not shooting for almost a decade. Stationary targets are no problem, but if you ever need it, you won't be shooting as something stationary.
Admittedly, a shotgun is a pretty simple affair (which is why I also have one), but you still need some practice with the sidearm.
Powder: Check
Bullets: Check
Primers: Check
Cases: Check
Ammo: Check
Guns: Check
Gold/Silver: Check
Cash: Check
Food: Check
Fuel: Check
Water: Check
Rural Property: Check
No Debt: Check
EBT/Snap/Welfare/Section 8: Got to work on that
Golf clubs: Check
If only we had elected the Mormon guy and Eddie Munster!
The magic underpants guy? If that were the case, this time it would be the senate democrats blocking any deal... and of course the medias would say how bad it is to raise the debt ceiling...
If you want to remember back to 2009, the Democrats held both houses of Congress and a filibuster proof majority in the Senate for some months (which didn't really matter given they used Reconciliation to ram Obamacare through in the end). The point being, they had full control of government and only by the slimmest of margins got through Obamacare, which was not all that close to the single payer system they wanted. Even with full majorities they couldn't get it through their own caucus.
The same was true of more revenue. Democrats in shaky seats would not support tax increases.
And so . . . if you think a Romney win would have changed anything, you're mistaken. A total GOP control of both houses and the presidency would not have advanced any particular agenda. There would be too many moderates voting against it.
The problem is there is no money to do anything. The game is over. Both sides lost.
Has the world run out of trees? Have the data packets across the intrewebs run out of "0s and 1s"?
"The problem is there is no money to do anything"...I disagree, Sir. The problem is to continue making as much as they desire, it may show that their "money" is as magical as a unicorn, why they continue to give the FED a cut, baffles me to shit. They truly are weak minded.
Have we run out of suckers to trade in paper?
Seriously, is that all you can say is the white guy would have been just as bad as the Marxist con man? Is there any wonder the guy is never held accountable.
Seriously. If you don't get that the white guy is just as bad as the Marxist con man, you're really not paying attention. They are not held accountable because the large majority of the population thinks their Team will do better, and they blame the other Team (instead of the owner of the WWF) for the mess. Seriously.
You are wrong. There is no way Romney was heading in this direction. There might not be much difference between McCain and Reid but there is a big difference between a successful business man who wanted to grow the economy with less regulation and this f'ing Marxist who intends to destroy it.
Funny.
Stupid and unaccountable.
I'll let you have the last word, but if you think that any politiican foisted upon us by either of the two Teams will change anything of substance, you are fucking delusional and you don't pay much attention to history.
rbay
Romney would have been hounded to hell with 24 hour a day 7 days a week coverage for 1% of what they let Obama get away with.
True dat.
Thanks to his first executive order, it's a federal crime to seriously inquire about his history or qualifications for the job. WTF?
Oh my gawd!
LTER is letting someone else have the last word!?
The world must be coming to an end!
I was almost taken up in the rapture but you pulled me back down. You crafy devil.
There's still time Lola
"There is no way Romney was heading in this direction" - LOL. You can't be talking about the same Romney who invented Obmacare then.
"If only we had elected the Mormon guy and Eddie Munster!"
With a special appearance by John Kerry as Lurch.
ZH is getting way too Republican for my tastes these days.
Root fer yer team, dipshits! Enjoy your wrastling!
It's the Boca Blue Hair Echo Chamber Choir, they love to sing as a group, it improves the
ec ec ecccc ho oooooooooo
No, I disagree. The repubs are getting more like ZH everyday. I guess Ron Paul left his mark, and the repubs are starting to understand. They have a long way to go, maybe they should sign up for the home-schooling course that RP has backed.
If only we had elected the Mormon guy and Eddie Munster!
The banksters would still run America.
someone is thumbs downing all the comments HFT style ...
Noticed that too, I guess the Obama Army of Keyboard Commandos is not shut down during the [supposed] .gov sorta shutdown, weird.....
A humorous meme developing in the talking heads and MSM:
"We have to stop this government shutdown or it will hurt retail sales for the holidays!"
"The government shutdown is having a negative impact on consumer sentiment!"
In other words:
"We must keep this Ponzi going! We must have more debt, so consumers go into more debt buying crap they don't need, so retailers can sell more crap from China, so we can sell more debt to China and offshore more jobs! If we don't continue debt spending we can't be prosperous!"
It would be laughable if it weren't going to have tragic consequences in the future.
Circular reasoning + immoral actions = dead people.
Ergo, the medias works for China! I knew it!
MOAR
DEBT
http://www.cnbc.com/id/101103819
RECORD DEBT FOR YE PLEBES!
The Ponzi continues or the population (roughly) halves.
Shit, I have a Toyota service appointment on Thursday. I hope they don't cancel it.
No way. Boner is just looking for a hole in the fence, any hole, to crawl outta this mess. He used the Syrian Red Gas Line gambit on Obomber with the same results. He just wants to get outta this with at least one testicle in tact.
You know what Harry Reams is saying John Boehner in the photo? "I think they're buying it."
no, they're discussing the new Gucci line for the season
The drama continues.
What will the back room consensus of the rulite elite be?
Will they
(a) play it "safe" by agreeing to compromise and be satisfied for now just by confiscating pension money
OR
(b) go all in for "disaster capitalism"with the intention to let no disaster, real or imagined, engineered or unforeseen, go to waste ?
The bigger the crisis, the bigger potential payoff. TARP writ large.
On the one hand, any kind of US default could shake the foundations of shadow banking "assets".
But on the other hand, what self-serving possibilities for increased powers and enrichment ...
Start closing down the Govt Deparments
Start with Congress
IRS
DHS
FEMA
CIA
and add to the list
TSA, Customs
Barack wishes to inquire if you're still down for another white house meeting with the Asian cheerleaders - Harry Reid
http://www.youtube.com/watch?v=Z_xJA8tTuUQ
hold the line assholes
The President is still pissed about the spanking he got from Putin, Assad and the American people over his plans to invade Syria. He can't get back at the first two, but he can certainly go after the American people for not toeing the "line" and suporting his war plans. And as a bonus, he can show his cronies that he can take a tough negotiating positon and hold it, no matter how bad it hurts his country.
LOL, Putin made Obama and Kerry look like Adolescents. Obama's rainbow administration (Kerry, Valarie Jarrett,etc) just isn't in the same class as Putin.
Has it been Obama's intention all along to cause the Government to shut down?
If you think this is Obama's call then you need to unfreeze your head, he reads from the script provided, that's ALL.
how is it you think he has any control of a process that has been unfolding for the last 100 years???? please do tell.......can't wait to hear, please, please
I sometimes wonder if he carries a "surprise for the bankers" around in his head.
He is the President, he could declare the Fed a criminal enterprise in the midst of an economic collapse, round up the bankers and reset with a new monetary system, and perhaps a new system of government.
he has a wife and children, don't be naive
Are you quoting revelations indirectly? That the PTB usher in the anti-christ, then the anti-christ destroys those powerful families that rule the world?
Don't worry folks, the dude at the IMF will save the world.
Having been raised in Indonesia for most of his informative years, it makes you wonder if he has America's interest at heart.
You mean like the Red White & Blue Bush boy that sentenced 5,000 of our proud servicemen to death and another 20,000 to life without limbs. They are all assholes! Stop saying your asshole is a better American than the asshole from the other team!
Some one needs to post the film clip of Rainman farting in the phone booth. It is precient at this point in time.
Caption for above picture: Who's bankster cock breath smells worse?
Given them nothing you jelly spined clown. Outa Obanga Stash? Go ask google or GE or gee if you had not blown all that money on Solyndra, Fisker and the rest you might have the money to pay our debts you shiftless animal.
At this point, I have to think that consumer spending (and for that matter, business capitalization) is slowing.
Our system is based on perception and not much else, so if the average person hears an ever approach din of trouble, perhaps he will put off buying that slick new Smart TV and Gear watch.
Personally, I'm headed to the bank tomorrow (yes, mine will be open Sunday) to fat stack some Benjies, yo.
If I had to guess, I give this a 40/60 shot that we go past the arbitrary 'end date' Obama set. Call it a trial run for a real implosion. But we come out of it without martial law or riots. At most, we see a mimicing of 2008, but with a swift Yellen rescue, after the powers that be plant it in the minds of the masses that the socialistic Democrats are the 'good guys' and any opposition is nothing but ignorant racists.
There's always a chance things get out of control, but I'm not seeing this as the end game. The Fed has a few more years left to play.
A Washington Times online poll is showing that 76% of readers believe that it will take a "full scale economic collapse" before Washington deals with the national debt. Only 16% believe this to be false, with the remainder undecided. see washingtontimes.com
(an admittedly biased readership)
"Definitely a chance..." Nice wording.
I think a more and more likely point of the excercise is being missed. Lets say we go to Thursday Morning and Odumbo invokes the 14th amendment to authorized continued spending/printing.... Remember 87+ percent of the giverment is deemed essential.
Case goes to the Supremes... What do they do?
They strike him down, he has not alienated his base or the democraptic base in the least.
They uphold him, we have effective one party rule....... He blames the republicans for the economic turmoil...
Where or what is the downside for Obama in going beyond full retard?
Section 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
Section 5. The Congress shall have power to enforce, by appropriate legislation, the provisions of this article.
Sounds like Congress could make some mischief.
That's not one party rule; that's one branch of government rule.
Dictatorship.
Barky better have a lot of dirt on Justice Roberts to shove that one through.
Bring in Putin to negotiate.
Obama will run like a frightened rabbit.
Not if Jamie Dimon shuts down the EBT you're not.
or obama invokes executive order 13603, making himself and his cabinet the government. in fact i think that is where we are heading. maybe the foodstamp programs going down are the precurser to provide some riot action in the largest cities, then a default on the t-bills, and voila, a reason to declare a national state of emergency. say goodbye to the house and senate, not that they do anything, and the supreme court, the rubber stamp gang. then the real riots start. all for obamas puppeteers. that smiling jackass bastard knows exactly what is going down, and his malignant cunt valerie jarrett will be his himler
I'd like to play russian roulette with these cunts.
Senator, the future of mankind depends on your decision. If you vote for my father I'll suck your dick.
Uhhh... OK?
? WTF was that, is that you Bob Saget?
Why does anyone think that Obama or Ben or Janet run the show. People should know better by now that this ain't the case. Just like in the movies the real power lies with the producers and directors. The actors just read their lines. Just a bunch of pretty faces, well maybe not in the Janet's case but you get the point. Like I've said before you think the real architects are going to let a bunch of accidemics run the show. If that were the case Kennedy would have lived and the Fed would have ended after the first 50 years.
Yeah, Janet didn't age well.
We know they don't run shit, that they are useful idiots. Tempted by shit to do the bidding of idiots, then blackmailed when they try to get out. But they chose, for their expected reward, to be the foils of really evil cocksuckers, and they knew it going in. It was in the contract. So fuck them. They aren't victims. They are all key components of the machine that destroys the species. "Smart" people think the government or the people need to get it together; really smart people think the government and the "smart" people need to get out of the way. Eh?
Going past the deadline is not the end, although the markets will surely provide a great buying opportunity as they tank on every piece of bad news. By most accounts, November 1st is the real test when obligations will not be met without some resolution. I expect this to drag on until the Headless Horseman makes an appearence, and the witching hour has arrived. No biggie, just some market and news channel panic before some type of deal is finally made. Bottom line is, the debt ceiling will get raised by then, and a face saving deal that both sides can spin as victory will be declared.
Everything between now and then is bluster, ripe for profiteers who know the game to trade down before back up, and cable news shows to pump up their crummy ratings. Short after a big up day, and then buy after the big down days. Position for a strong bull market when this phony crisis is temporarily resolved, stocks are going up, up, and up deep into next year in my opinion. There is always money to be made in stocks, and this market is just too easy to predict with the Fed and Obama calling shots. Buy banks, buy defense, buy insurance, buy tech, buy surveillance, clouds, and data crunching, buy energy transport. Buy, buy and buy some more. There will be nothing to stop the U.S. market, save the occasional hiccup from some temporal overseas event. It's getting ready to rain money.
Of course Democrats aren't negotiating. Bush came into office with a budget surplus left by President Clinton. Bush squandered it and ran up more debt: two unfunded wars, tax cuts, and Medicare Part D. Why would Democrats choose to make that debt, money already spent, their problem?
Heroic , you stupid slut, there never was a budget surplus, because of off balance sheet items ..still drinking that liberal cool aid, go back to media (soros) matters and talke with idiots who never ran a business.
Btw Clinton took money out of Social Security in order to make it look like he was running a surplus.
Jimmy cracked furloughed and I don't care, keep the paid vacation rolling on...thanks.
The way to grow grand
Is not to demand
In life's every field
You are what you yield.
(Piet Hein -Denmark)
Get rid of these useless non-representatives of the people.
Their yield is negative, their vanity preposterous.
Hold! http://shutupnsing.wordpress.com/2013/10/13/the-tea-party-needs-you/
Remember the Golden Rule of Politics: "Keep your eyes on my right hand and don't pay attention to my left!"
So while government shutdown dominates the news, "What's really going on?"
Probably 5 years from now we'll learn how we were really screwed [behind the scene under the table financial power shift deals being made] just like 5 years ago "We all going too Die!" Bailout turns up in today's news as lies and a ruse.
But we are very content with "Democrat vs GOP", "Liberal vs Conservative", "Haves vs Have-nots" paradigms that they created for us to jump into, and swim in.
So now I'm reading comments like "You're a nincompoop liberal", "You're a shithead conservative!" Blah blah blah blah....
This divide and conquer strategy they are using is really working.
The problem is, sometimes, the players paint themselves in a corner from where they have no way out.
If the Republicans cave, they are toasted with their voters.
If the Democrats cave, they are toasted with their voters.
So, no one can cave without killing himself. They they will not cave until there is a real crisis and it is outside their control:
Do you think the party hacks in the USSR doing a coup against Gorbachev did it thinking the future of the USSR was in play?
But when they failed it was in play.
The problem is, sometimes, the players paint themselves in a corner from where they have no way out.
If the Republicans cave, they are toasted with their voters.
If the Democrats cave, they are toasted with their voters.
So, no one can cave without killing himself. They they will not cave until there is a real crisis and it is outside their control:
Do you think the party hacks in the USSR doing a coup against Gorbachev did it thinking the future of the USSR was in play?
But when they failed it was in play.
the coupe agains Gorbatchev was orchestrated by Gorbatchev himself.
The proof of it is the Yeltsin was not arrested the same day the coupe was announced and after midday all the special forces (KGB etc) knew it was just an orchestrated play to pass over the leadership from Gorbatchev to Yeltsin