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Boehner Caves: Said To Agree To Senate Plan

Tyler Durden's picture




 

Just out from the NRO's Robert Costa:

Assuming the above is accurate, the debt ceiling "debate" has just ended with Boehner folding like a cheap lawn chair again as he did during the Fiscal Cliff "negotiations", the GOP getting nothing, the Democrats getting everything they wanted, and US credibility - having taken the reserve currency to the edge - shaken now more than ever.

 

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Wed, 10/16/2013 - 11:17 | 4060521 El Hosel
El Hosel's picture

Wow, that was a close one. Thank god they fixed another "Crisis", right on time, as planned..... These guys are good.

Wed, 10/16/2013 - 11:23 | 4060546 optimator
optimator's picture

Good at trading the crisis they cause I'll bet. 

Wed, 10/16/2013 - 11:30 | 4060576 falak pema
falak pema's picture

Its funny how the human thread has evolved.

When Homer sang the Iliad he established one basic human fact : to appear a HERO you had to laud your enemy, as a great champion is only as good as his opponent. Federer Nadal etc. Wisdom of the ages...

Nowadays, in good ole USA, unless you have vituperated your political rival into being the worst type of living specimen in the world you don't feel you're a hero. You have to make your opponent look like DIRT to feel like John Wayne; the antithesis of the greek meme.

So yes, these guys are good in a cynical sort of way ; because THEY LET THEIR OPPOSITION SHOW THE WORLD HOW SMALL THEY TRULY ARE. Even Obama looks like a giant when his rival acts like he is a pygmy.

Where is the heroics of this rivalry? How does the world benefit? 

Wed, 10/16/2013 - 11:16 | 4060513 Peter Pan
Peter Pan's picture

Americn people very happy.

They have choice between blue condom and red condom but in reality both contain the same dick with which they are being screwed Greek style.

This outcome was never doubted because the USA has no criticl mass of patriots left with which to regroup so as to fight the good fight.

History has been cheapened and the future devalued and our children condemned.

Goodnight America. Darkness is upon you. Do not be fooled by the bright lights of Walll Street.

For those that truly love America and cannot sleep may the higher power of this universe protect you from the ungodly theatre we are witnessing.

Wed, 10/16/2013 - 11:16 | 4060515 Bugsquasher
Bugsquasher's picture

If the so-called consevatves in te Househad any balls they would cal for acaucus meetig ad vote thisheba out as speaker beore he couldbring it to the floor for a vote.  Yeah that'll happen, right before the pigs start flyinig.

Wed, 10/16/2013 - 11:30 | 4060570 A82EBA
A82EBA's picture

slow down just a tad lol

Wed, 10/16/2013 - 11:31 | 4060579 JR
JR's picture

The Establishment Republicans have lost all credibility with the people. If Boehner puts this measure to a full vote of the House and the conservative House members who have been on our side do not move to remove Boehner as speaker, then their credibility is on the line as well.

Obamacare is the largest surge to destroy the Republic since the civil war and if that’s not enough to force congressmen to defy their government, then you can write the epitaph for Madison’s government this very week.

Wed, 10/16/2013 - 11:17 | 4060520 Rastadamus
Rastadamus's picture

Why is everyone upset? Keep spending and spending and printing! BULLISH ON GOLD BITCHEZ

Wed, 10/16/2013 - 11:41 | 4060633 Catullus
Catullus's picture

Because a default would cause a remonitization of gold via replacing UST as collateralizing instruments. You'd need to use a true international currency (gold or silver) to post collateral.

Wed, 10/16/2013 - 11:21 | 4060537 Oldballplayer
Oldballplayer's picture

He will need the Dems to vote for him for speaker.  Because there will be a no confidence vote.

Wed, 10/16/2013 - 11:21 | 4060538 lostcause
lostcause's picture

 As usual they both come together as one to show us who the Messiah is! 

Wed, 10/16/2013 - 11:22 | 4060539 Cow
Cow's picture

Doesn't Boner have to refer it to the Rules Committee?  Isn't Pete Sessions the head of the Rules Committee?

So, Sessions could stop this in its tracks if he had any balls.  Which he doesn't.

Sessions needs to be primaried.

Here's Sessions dismal ranking at Freedomworks

http://congress.freedomworks.org/keyvotes/house/2013#sort=score_high&sta...

 

 

Wed, 10/16/2013 - 11:28 | 4060558 Bugsquasher
Bugsquasher's picture

Boner just elbowed Reggie out of the way so he could suck Obama's balls!

Wed, 10/16/2013 - 11:28 | 4060559 A82EBA
A82EBA's picture

Maybe they'll wait til after lunch, after a lot of alcohol has been consumed in irrational exuberance after going long to announce no deal.

Wed, 10/16/2013 - 11:29 | 4060562 ZeroPoint
ZeroPoint's picture

Whatever. The 17 trillion debt isn't going away. But the dollar surely is!

Wed, 10/16/2013 - 11:29 | 4060564 notadouche
notadouche's picture

Once again Boner can't sustain his rigid stance, going soft at the most crucial moment.  Time and time again his initial firmness fades and his stance increasingly softens as negotiations ensue.  He will now walk away with a forced smile knowing full well he cannot nor will he ever be able to satisfy anoyone's needs, much less his own.   Must be difficult to walk through this world with no balls, your manhood owned by another.  

If only Swearingen were the Speaker of the House right now.  Now that man knew how to get things done.   

Wed, 10/16/2013 - 11:29 | 4060566 Bugsquasher
Bugsquasher's picture

Gawd I hate these assholes! Every last gawd damned one of them!

Wed, 10/16/2013 - 11:30 | 4060569 ironmace
ironmace's picture

Wow, who would have ever thought that would happen. My gosh.

Wed, 10/16/2013 - 11:30 | 4060574 IdiocracyIsAlre...
IdiocracyIsAlreadyHere's picture

Did anyone here really think anything else was going to happen?  It was Kubuki theatre all along, designed to further the TPTB's agenda of divide and conquer by getting the peons to believe that "their Team" was actually fighting for some sort of principles.  From the comments here I see the majority of ZH readers saw right through the smokescreen.  Now if only we can get some of our friends and family to understand it was all a charade...

Wed, 10/16/2013 - 11:36 | 4060610 Debt Slave
Debt Slave's picture

Well it's about time. Those evil republicans have been holding the country hostage for long enough. Don't they know that debt = prosperity? Don't they know that the economy cannot GROW if the debt ceiling is not raised? Don't they know that EBT promotes economic growth? Ask Pelosi! Don't they know that the solution to all of our economic problems is more debt? Deficits don't matter! Debt doesn't matter! Debt is FREEDOM! Ask Paul Krugman!

Wed, 10/16/2013 - 11:37 | 4060613 NDXTrader
NDXTrader's picture

Let's not forget that this leak came from NRO (I haven't seen it confirmed independently anywhere else). NRO is just an arm of the Senate Repubs. This could just be McConnell and McCain trying to roll the House Rs

Wed, 10/16/2013 - 11:37 | 4060616 Pumpkin
Pumpkin's picture

And so what exactly was the hold up?  Does this idiot think he has scored any political points by merely, and momentarly pretending to support the will of the people? 

Wed, 10/16/2013 - 11:43 | 4060642 A82EBA
A82EBA's picture

volume seems very light today

Wed, 10/16/2013 - 12:01 | 4060744 the grateful un...
the grateful unemployed's picture

i think you said it better

Wed, 10/16/2013 - 11:58 | 4060726 the grateful un...
the grateful unemployed's picture

this was just a disagreement between Republicans. Obama is a corporatist, CIC of the world, and military decider. GITMO, drones, NSA Patriot Act. The package. Obamacare has two GOP points out of three. One is that it returns responsibility to the state medicaid programs, while mandating individuals buy insurance.

Short answer you can't afford insurance so you buy a high deductible policy, you get sick, and the bills drive you into bankruptcy, and you walk over to the state office and apply for help. That's two points in the pro-business GOP solution. Rather than strapping the insurance companies with these losers (sick people who can't pay their bills) they are handed off to the state welfare system after they declare bankruptcy. Insurance company keeps the profits, STATE government backs their losses.

The only ones opposed were a handful of TP Republicans who went old school about spending. They figure a free market will set insurance rates better than a rigged market. (they're still pro-business) Obama loves rigged markets, that's a bipartisan issue. Since Obama repealed the employee requirement for his program (for a year - to give employers them time to opt out most likely - his program is not even vaguely beneficial to SMALL BUSINESS, which is how Wall Street would have it, and does have it) Obama is hardly a Democrat (support for blue collar workers, etc, and such things as SNAP are truly beneficial to the retailers, who can pass on their price hikes to consumers, like HC when you rig a market only those people who are not in on the deal have to pay more). 

Obama is a Marxist on monetary policy, he can complain about Bernanke but when he replaces him with Yellen, who does he think he's fooling? Marxist monetary policy benefits the 1%, and provided trickle down to the corporations.  Bernanke was a legacy from Bush, which makes Obama a Republican once more, but since Bush was really much closer to an FDR style Democrat (he fought with his own party over immigration, they stopped his bill, which had Democratic approval, and none of did anything (but beat their gums) about Iraq, and the off balance sheet shenanigans. There is no Democrat party because there are no workers, and minorities sold out for token effect, much as GOP voters sell out to their candidates on a whole range of socially conservative issues, (abortion, gay marriage). (Only to get screwed by the business dealing, jobs to China stuff) Complicated but not completely beyond comprehension.

Wed, 10/16/2013 - 13:07 | 4061133 SmittyinLA
SmittyinLA's picture

"I'm shocked, shocked to hear Boehner caved" 

Bohener is on the "Pacifica Services" payroll (in sleazy leftist company) croll to bottom of parasite lists, he sold out cheap too. 

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