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GOP Warns "Definitely A Chance We're Going To Go Past The Deadline"

Tyler Durden's picture




 

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."

 

Via AP,

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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Sat, 10/12/2013 - 18:32 | 4048660 LetThemEatRand
LetThemEatRand's picture

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.  

Sat, 10/12/2013 - 18:38 | 4048673 ApollyonDestroy
ApollyonDestroy's picture

FUCK YOU YELLEN YOU STUPID WHORE

Sat, 10/12/2013 - 18:44 | 4048706 LetThemEatRand
LetThemEatRand's picture

Come on man.  She's not stupid.

Sat, 10/12/2013 - 19:10 | 4048781 LetThemEatRand
LetThemEatRand's picture

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.

Sat, 10/12/2013 - 19:12 | 4048789 ApollyonDestroy
ApollyonDestroy's picture

Oh no, she's fucking stupid

Sat, 10/12/2013 - 19:17 | 4048803 NoDebt
NoDebt's picture

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.

Sat, 10/12/2013 - 19:31 | 4048821 bigkahuna
bigkahuna's picture

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.

Sat, 10/12/2013 - 23:43 | 4049407 AGuy
AGuy's picture

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.

 

 

Sun, 10/13/2013 - 08:25 | 4049647 Headbanger
Headbanger's picture

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??? 

Sat, 10/12/2013 - 19:29 | 4048842 Spigot
Spigot's picture

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.

Sat, 10/12/2013 - 19:46 | 4048887 NoDebt
NoDebt's picture

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?

 

Sat, 10/12/2013 - 20:01 | 4048922 LetThemEatRand
LetThemEatRand's picture

"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.

Sat, 10/12/2013 - 20:08 | 4048940 eatthebanksters
eatthebanksters's picture

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?

Sat, 10/12/2013 - 20:17 | 4048977 nmewn
nmewn's picture

"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 ;-)

Sat, 10/12/2013 - 20:48 | 4049064 Tigerbait
Tigerbait's picture

and the Louisiana Purchase.....

Sat, 10/12/2013 - 20:23 | 4048987 SunRise
SunRise's picture

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!

Sat, 10/12/2013 - 20:38 | 4049033 olto
olto's picture

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!

Sun, 10/13/2013 - 08:00 | 4049635 Spigot
Spigot's picture

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.

Sun, 10/13/2013 - 20:34 | 4051488 olto
olto's picture

Thanks, Spigot

Let's have another cup of tea, shall we?

Sat, 10/12/2013 - 21:24 | 4049149 yogibear
yogibear's picture

Old Yellen is a ditzy Jewish American Princess. No original thought inside her skull.

Sat, 10/12/2013 - 19:14 | 4048795 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

+1

John Mitchell

Sat, 10/12/2013 - 19:26 | 4048826 prains
prains's picture

Yes, she'll retire to a little hobbit house with doors 2 ft. wide and 2 ft. high

Sun, 10/13/2013 - 00:12 | 4049436 Zero Point
Zero Point's picture

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.

Sun, 10/13/2013 - 03:58 | 4049527 Oracle 911
Oracle 911's picture

Do you ever heard the term "useful idiot"?

Because that is what Yellen is.

Sun, 10/13/2013 - 15:26 | 4050719 Debugas
Debugas's picture

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

Sat, 10/12/2013 - 19:13 | 4048787 rtalcott
rtalcott's picture

"That depends on what the definition of is is."

 

Edit:  OK...yes reading the above I agree....'effing corrupt dirtbags.

Sat, 10/12/2013 - 21:56 | 4049222 j0nx
j0nx's picture

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.

Sat, 10/12/2013 - 19:42 | 4048878 Bangin7GramRocks
Bangin7GramRocks's picture

"We are like totally fucking serious about this! I'm not kidding. We will do it man! Really, no bullshit this time!"

Sun, 10/13/2013 - 07:13 | 4049611 darkstar7646
darkstar7646's picture

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...

Sat, 10/12/2013 - 18:32 | 4048663 Everybodys All ...
Everybodys All American's picture

Face it Boehner you can't negotiate with lieing assholes like Reid and Obama.

Sat, 10/12/2013 - 19:00 | 4048753 nmewn
nmewn's picture

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 ;-)

Sat, 10/12/2013 - 19:06 | 4048777 NoDebt
NoDebt's picture

In a bygone era my family were active supporters of Oliver Cromwell.  Why did I just think about that?

 

Sat, 10/12/2013 - 19:17 | 4048806 nmewn
nmewn's picture

Something to do with a certain death warrant, no doubt ;-)

Sat, 10/12/2013 - 19:21 | 4048815 NoDebt
NoDebt's picture

Yeah, there's good reason why my family, what was left of it, headed for the new world.

Sat, 10/12/2013 - 19:19 | 4048812 Element
Element's picture

Even if this went well from here, good for a couple of notches of downgrade? ... wotcha reckon?

Sat, 10/12/2013 - 19:32 | 4048848 nmewn
nmewn's picture

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 ;-)

Sat, 10/12/2013 - 21:37 | 4049182 Parousia
Parousia's picture

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).  

Sun, 10/13/2013 - 15:30 | 4050726 Debugas
Debugas's picture

if it can print money out of thin air why not ?

Sun, 10/13/2013 - 07:12 | 4049612 darkstar7646
darkstar7646's picture

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?

Sat, 10/12/2013 - 21:15 | 4049133 Cursive
Cursive's picture

@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.

Sat, 10/12/2013 - 18:32 | 4048666 The Shootist
The Shootist's picture

Just do it. You won't do it. Come on, do it.

Sat, 10/12/2013 - 18:36 | 4048667 lolmao500
lolmao500's picture

... so that way we'll make even more money trading with our insider trading! MWAHAHAHAHAHA!

HOLD THE FUCKING LINE YOU FUCKERS. NO FUCKING DEAL.

Sat, 10/12/2013 - 19:17 | 4048805 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1

No Deal.  Let it burn.

Sat, 10/12/2013 - 18:33 | 4048668 drooley
drooley's picture

One guy is to blame for most of this.  All Obama has to do is delay Obamacare by a year.

Sat, 10/12/2013 - 18:42 | 4048688 LetThemEatRand
LetThemEatRand's picture

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.  

Sat, 10/12/2013 - 19:12 | 4048794 nmewn
nmewn's picture

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.

Sat, 10/12/2013 - 19:22 | 4048819 LetThemEatRand
LetThemEatRand's picture

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.

Sat, 10/12/2013 - 19:46 | 4048881 nmewn
nmewn's picture

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 ;-)

Sat, 10/12/2013 - 20:35 | 4049025 LetThemEatRand
LetThemEatRand's picture

Pelosi is an alien.  There.  I said it.  She sure as fuck isn't human.

Sat, 10/12/2013 - 22:47 | 4049335 Hulk
Hulk's picture

He's got you there nmewn! Tap out before its too late !!!

Sat, 10/12/2013 - 22:53 | 4049331 TaperProof
TaperProof's picture

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.

Sat, 10/12/2013 - 18:35 | 4048670 Devotional
Devotional's picture

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.

Sat, 10/12/2013 - 18:38 | 4048677 lolmao500
lolmao500's picture

Anyway, I bet most folks here always have a few grands in cash + gold/silver at home for any contingencies.

Sat, 10/12/2013 - 19:10 | 4048788 DoChenRollingBearing
DoChenRollingBearing's picture

Yes, most folks here at ZH.  Guns and ammo help with other kinds of "contingencies" too.

Sat, 10/12/2013 - 18:39 | 4048681 Stoploss
Stoploss's picture

Holy fuck, twenty minutes till the gun store closes...........

 

Be right back.

Sat, 10/12/2013 - 18:42 | 4048698 lolmao500
lolmao500's picture

Don't forget the ammo... and tomorrow, go to the gun range...

Sat, 10/12/2013 - 18:48 | 4048722 kaiserhoff
kaiserhoff's picture

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.

Sat, 10/12/2013 - 19:14 | 4048786 NoDebt
NoDebt's picture

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.

Sat, 10/12/2013 - 19:01 | 4048723 g'kar
g'kar's picture

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

Sat, 10/12/2013 - 22:18 | 4049280 Wahooo
Wahooo's picture

Golf clubs: Check

Sat, 10/12/2013 - 18:37 | 4048674 Spastica Rex
Spastica Rex's picture

If only we had elected the Mormon guy and Eddie Munster!

Sat, 10/12/2013 - 18:39 | 4048686 lolmao500
lolmao500's picture

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...

Sat, 10/12/2013 - 18:48 | 4048718 CrashisOptimistic
CrashisOptimistic's picture

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.

Sat, 10/12/2013 - 23:06 | 4049359 moonstears
moonstears's picture

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. 

Sun, 10/13/2013 - 17:45 | 4051041 U4 eee aaa
U4 eee aaa's picture

Have we run out of suckers to trade in paper?

Sat, 10/12/2013 - 18:44 | 4048699 Everybodys All ...
Everybodys All American's picture

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.

Sat, 10/12/2013 - 18:46 | 4048712 LetThemEatRand
LetThemEatRand's picture

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.

Sat, 10/12/2013 - 18:54 | 4048728 Everybodys All ...
Everybodys All American's picture

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.

Sat, 10/12/2013 - 18:57 | 4048740 LetThemEatRand
LetThemEatRand's picture

Funny.

Sat, 10/12/2013 - 18:59 | 4048751 Everybodys All ...
Everybodys All American's picture

Stupid and unaccountable.

Sat, 10/12/2013 - 19:01 | 4048764 LetThemEatRand
LetThemEatRand's picture

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. 

Sat, 10/12/2013 - 19:03 | 4048768 Everybodys All ...
Everybodys All American's picture

rbay

Sat, 10/12/2013 - 19:08 | 4048783 g'kar
g'kar's picture

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.

Sat, 10/12/2013 - 19:37 | 4048865 kaiserhoff
kaiserhoff's picture

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?

Sat, 10/12/2013 - 19:34 | 4048855 Pure Evil
Pure Evil's picture

Oh my gawd!

LTER is letting someone else have the last word!?

The world must be coming to an end!

Sat, 10/12/2013 - 19:52 | 4048903 LetThemEatRand
LetThemEatRand's picture

I was almost taken up in the rapture but you pulled me back down.  You crafy devil.

Sat, 10/12/2013 - 19:57 | 4048913 g'kar
g'kar's picture

There's still time Lola

Sun, 10/13/2013 - 18:03 | 4051079 butchtrucks
butchtrucks's picture

"There is no way Romney was heading in this direction" - LOL.  You can't be talking about the same Romney who invented Obmacare then.

Sat, 10/12/2013 - 18:49 | 4048719 LetThemEatRand
LetThemEatRand's picture

"If only we had elected the Mormon guy and Eddie Munster!"

With a special appearance by John Kerry as Lurch.

Sat, 10/12/2013 - 19:26 | 4048835 Spastica Rex
Spastica Rex's picture

ZH is getting way too Republican for my tastes these days.

Root fer yer team, dipshits! Enjoy your wrastling!

Sat, 10/12/2013 - 19:40 | 4048870 prains
prains's picture

It's the Boca Blue Hair Echo Chamber Choir, they love to sing as a group, it improves the

 

 

ec ec ecccc ho oooooooooo

Sun, 10/13/2013 - 18:47 | 4051201 grekko
grekko's picture

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.

Sat, 10/12/2013 - 20:56 | 4049081 Jumbotron
Jumbotron's picture

If only we had elected the Mormon guy and Eddie Munster!

The banksters would still run America.

Sat, 10/12/2013 - 18:39 | 4048682 Devotional
Devotional's picture

someone is thumbs downing all the comments HFT style ...

Sat, 10/12/2013 - 19:12 | 4048791 NemoDeNovo
NemoDeNovo's picture

Noticed that too, I guess the Obama Army of Keyboard Commandos is not shut down during the [supposed] .gov sorta shutdown, weird.....

Sat, 10/12/2013 - 18:44 | 4048690 ebworthen
ebworthen's picture

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.

Sat, 10/12/2013 - 18:44 | 4048701 lolmao500
lolmao500's picture

Ergo, the medias works for China! I knew it!

Sat, 10/12/2013 - 20:04 | 4048932 IridiumRebel
IridiumRebel's picture

MOAR
DEBT

http://www.cnbc.com/id/101103819
RECORD DEBT FOR YE PLEBES!

Sun, 10/13/2013 - 07:16 | 4049614 darkstar7646
darkstar7646's picture

The Ponzi continues or the population (roughly) halves.

Sat, 10/12/2013 - 18:51 | 4048700 CaptainSpaulding
CaptainSpaulding's picture

Shit, I have a Toyota service appointment on Thursday. I hope they don't cancel it.

Sat, 10/12/2013 - 18:44 | 4048703 QQQBall
QQQBall's picture

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.  

Sat, 10/12/2013 - 18:52 | 4048733 LetThemEatRand
LetThemEatRand's picture

You know what Harry Reams is saying John Boehner in the photo?  "I think they're buying it."

Sat, 10/12/2013 - 19:04 | 4048774 prains
prains's picture

no, they're discussing the new Gucci line for the season

Sat, 10/12/2013 - 18:55 | 4048737 rwe2late
rwe2late's picture

 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 ...

Sat, 10/12/2013 - 18:58 | 4048746 I am Jobe
I am Jobe's picture

Start closing down the Govt Deparments

Start with Congress

IRS
DHS
FEMA
CIA
and add to the list

 

Sat, 10/12/2013 - 19:13 | 4048797 DoChenRollingBearing
DoChenRollingBearing's picture

TSA, Customs

Sat, 10/12/2013 - 19:01 | 4048758 Miles Kendig
Miles Kendig's picture

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

Sat, 10/12/2013 - 19:01 | 4048763 koaj
koaj's picture

hold the line assholes

Sat, 10/12/2013 - 19:04 | 4048772 Haloween1
Haloween1's picture

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.

 

Sat, 10/12/2013 - 21:29 | 4049165 yogibear
yogibear's picture

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. 

Sat, 10/12/2013 - 19:08 | 4048780 Waterfallsparkles
Waterfallsparkles's picture

Has it been Obama's intention all along to cause the Government to shut down?

Sat, 10/12/2013 - 19:17 | 4048802 prains
prains's picture

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

Sat, 10/12/2013 - 19:33 | 4048853 Tenshin Headache
Tenshin Headache's picture

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.

Sat, 10/12/2013 - 19:42 | 4048877 prains
prains's picture

he has a wife and children, don't be naive

Sun, 10/13/2013 - 18:38 | 4051175 grekko
grekko's picture

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?

Sat, 10/12/2013 - 19:13 | 4048799 Element
Element's picture

Don't worry folks, the dude at the IMF will save the world.

Sat, 10/12/2013 - 19:13 | 4048800 Waterfallsparkles
Waterfallsparkles's picture

Having been raised in Indonesia for most of his informative years, it makes you wonder if he has America's interest at heart.

Sat, 10/12/2013 - 19:59 | 4048924 Bangin7GramRocks
Bangin7GramRocks's picture

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!

Sat, 10/12/2013 - 19:15 | 4048801 Duc888
Duc888's picture

Some one needs to post the film clip of Rainman farting in the phone booth. It is precient at this point in time.

Sat, 10/12/2013 - 19:18 | 4048808 Duc888
Duc888's picture

Caption for above picture: Who's bankster cock breath smells worse?

Sat, 10/12/2013 - 19:20 | 4048818 NOZZLE
NOZZLE's picture

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.

Sat, 10/12/2013 - 19:21 | 4048820 ASACJon
ASACJon's picture

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.

Sat, 10/12/2013 - 19:26 | 4048837 Tenshin Headache
Tenshin Headache's picture

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)

Sat, 10/12/2013 - 19:29 | 4048841 freak of nature
freak of nature's picture

"Definitely a chance..." Nice wording.

Sat, 10/12/2013 - 19:42 | 4048879 gatorengineer
gatorengineer's picture

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?

Sat, 10/12/2013 - 20:05 | 4048929 grunk
grunk's picture

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.

Sat, 10/12/2013 - 19:54 | 4048907 grunk
grunk's picture

Bring in Putin to negotiate.

Obama will run like a frightened rabbit.

Sat, 10/12/2013 - 19:57 | 4048919 q99x2
q99x2's picture

Not if Jamie Dimon shuts down the EBT you're not.

Sat, 10/12/2013 - 20:14 | 4048963 stormsailor
stormsailor's picture

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

Sat, 10/12/2013 - 21:24 | 4049086 monad
monad's picture

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?

Sat, 10/12/2013 - 22:33 | 4049309 moonstears
moonstears's picture

? WTF was that, is that you Bob Saget?

Sat, 10/12/2013 - 21:25 | 4049154 nakki
nakki's picture

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.

Sat, 10/12/2013 - 21:54 | 4049218 therevolutionwas
therevolutionwas's picture

Yeah, Janet didn't age well.

Sat, 10/12/2013 - 22:34 | 4049310 monad
monad's picture

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? 

Sat, 10/12/2013 - 22:16 | 4049270 dale digler
dale digler's picture

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.

Sun, 10/13/2013 - 08:26 | 4049646 Heroic Couplet
Heroic Couplet's picture

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?

Sun, 10/13/2013 - 08:35 | 4049652 overmedicatedun...
overmedicatedundersexed's picture

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.

Sun, 10/13/2013 - 10:20 | 4049751 Everybodys All ...
Everybodys All American's picture

Btw Clinton took money out of Social Security in order to make it look like he was running a surplus.

Sun, 10/13/2013 - 09:11 | 4049688 Rentier
Rentier's picture

Jimmy cracked furloughed and I don't care, keep the paid vacation rolling on...thanks.

Sun, 10/13/2013 - 09:16 | 4049693 theprofromdover
theprofromdover's picture

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.

Sun, 10/13/2013 - 12:19 | 4050081 SystemOfaDrown
SystemOfaDrown's picture

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.

Sun, 10/13/2013 - 14:50 | 4050611 painlord-2k
painlord-2k's picture

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.

Sun, 10/13/2013 - 14:48 | 4050612 painlord-2k
painlord-2k's picture

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.

Sun, 10/13/2013 - 15:32 | 4050737 Debugas
Debugas's picture

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

 

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