This page has been archived and commenting is disabled.
Divine Intervention? House Speaker Boehner Resigns From Congress Amid "Conservative Coup"
The combination of another debt limit fight, the defunding of Planned Parenthood, and prospect of another government shutdown tearing his party apart, the GOP just suffered its latest major blow, when news hit that House speaker John Boehner, just 24 hours after getting a visit by none other than the Pope, is folding one last time:
- BOEHNER TO RESIGN FROM CONGRESS, GIVE UP HOUSE SEAT IN OCT: NYT
This not only makes a government shutdown more likely as a result of loss in leadership at this crucial stage but more importantly, with Yellen blaming Congress for not hiking, just raised the general uncertainty and lowered odds of a December (or any subsequent) rate hike.
Speaker John A. Boehner will resign from Congress and give up his House seat at the end of October, according to aides in his office.Mr. Boehner was under extreme pressure from the right wing of his conference over whether or not to defund Planned Parenthood in a bill to keep the government open.
Boehner Statement:
Boehner aide's full statement on impending resignation. Comes amid rumblings of conservative coup. pic.twitter.com/ZB3IY8xdbC
— Benjy Sarlin (@BenjySarlin) September 25, 2015
* * *
With Boehner gone, the debt ceiling vote just got a lot trickier for the White House and Wall Street. A LOT TRICKIER.
— Damian Paletta (@damianpaletta) September 25, 2015
And the market knows it...
Here is Goldman's take on the surprising announcement:
- Boehner plans to step down as House Speaker and resign from Congress at the end of October, according to several reports. This comes following pressure from conservative members of his caucus to block an extension of government funding due to the controversy over Planned Parenthood. Members of Congress will elect his replacement as Speaker after he leaves his position. Many view current Majority Leader Kevin McCarthy as a likely replacement.
- In our view, this significantly reduces the probability of a government shutdown next week. The Senate is expected to pass legislation on Monday (Sept 28) to extend spending authority, probably to December 11. Speaker Boehner was under pressure not to accept this “clean” extension of spending authority (i.e., one that did not include changes to Planned Parenthood funding). His resignation, expected at the end of October (i.e., after the funding extension has passed), is in our view a strong signal that he plans to bring the clean extension up for a vote despite opposition from House conservatives. In essence, this announcement is meant to preempt the expected attempt to remove him from his position after he extends spending authority.
- The next relevant question for financial markets will be how this affects the debt limit and other pending issues. There is a clear possibility that the vote next week, which was initially expected to deal just with the extension of spending authority, could instead also address other issues like an extension of the Export-Import Bank and, possibly, even an extension of the debt limit, which we believe will need to be raised before Congress adjourns for the Thanksgiving break in late November.
And here is BofA:
Boehner has been vocal about avoiding a shutdown. With the timing of this announcement shortly ahead of the budget deadline next week, we expect that Boehner's resignation will allow him to work across party lines to pass a continuing resolution. In our view, this decreases the chances of a shutdown next week.
Boehner's resignation may increase risks of brinkmanship going forward. His replacement may have more difficulty generating consensus when the debt ceiling becomes a more urgent issue in November or December and when a potential continued resolution likely expires in December.
In our view, the market is likely to look through brinkmanship as it did in 2013. A shutdown may impact growth, but we expect the effect to be limited. This does shift risks of turmoil out toward the December Fed meeting, when we expect the Fed to raise rates. Still, we think the Fed is likely to look through any brinkmanship unless there is a large, unanticipated shock.
Elections will be held for a successor. It is expected that House Majority Leader Kevin McCarthy may be elected for the role. House Financial Services Committee Chair Jeb Hensarling and Freedom Caucus Chair Jim Jordan are other potential candidates.
»
- 81232 reads
- Printer-friendly version
- Send to friend
- advertisements -
JPM drew the short straw I bet.
Corner office for the "Weeping Cheetoh" soon to follow.
//Fn disgrace.
He was facing a Motion to Vacate the Chair... and probably counted the votes and knew he was going to lose it.
He'll take a nicely funded chair on a corporate board -- or at a policy think tank -- probably had the offer in his pocket when he announced.
I'm way more interested in who he goes to work for than the fact that he's leaving. I could give a shit that he's leaving.
Is this the "Friday Humour" post for the morning?
I'm a Republican - good riddance John, can't you leave sooner?
F that guy, good riddance, Maybe McConnell will go next
Don't even tease us about that.
McConnell would have left long time ago but the cross eyed bastard can't find the door. Every time he tries. he walks into a wall; which explains his face.
We can only hope.
Had to down vote ya Howard, just for believing in the party (parity) system, cripes wake the fuck up brotha!!
what is your solution?
THERE. IS. NO. SOLUTION.
It is time to abandon your fantasy. It is time to discard your false hopes.
It it time to STOP DREAMING.
It is time to WAKE UP NOW.
There is just too much work to be done.
Investing your time into a failed system which is beyond repair is a fruitless endeavor.
It is time to STOP DENYING the sad truth and to accept the dismal reality and EMBRACE IT.
So, is the answer to just submit?
No.
Opt out and distance yourself from it.
Become independent from it.
Do not participate in it.
Do not seek solutions from Government as you will set yourself up for bitter disappointment. Look to your own skill set to provide you with the solutions which you need.
In that way you are not part of the problem and you have become a solution for your own self.
After that you can help those who are worthy of help....those who you deem worthy.
A good place to start to learn how to do this is the Sons of Liberty Academy. On YouTube it is run by a man named Chris under his username, TruthNeverTold. He just "retired". But his channel has been beneficial.
The following 8 HOUR Video is his Swan Song, his Magnus Opus. He believes that it has become far too dangerous to continue. Check out his channel for information and support.
https://www.youtube.com/watch?v=p2T7T_fpuIw
It has been a journey and I have enjoyed his contributions. Hopefully you will as well.
Downarrows will not change the truth...
Government is corrupt and is the problem. They provide no solutions. Thus the Government will not allow for solutions as the Government will cease to exist.
Tom said it best, the system is in need of replacement. A system that has everyone in charge and not just a few, everyone runs the place or no one runs the place.
Today would be ideal. Leave today. Cry, go home - just go!
Did anyone see pictures of the umpa loompa weeping while the CheesePope was speaking before Congress?
I was a Democrat once, then a Republican once, then I woke up.
About time. This guy was an idiot. Let's not forget that there are some good people in Congress but they lack the numbers or the leadership to do much of anything. Let's see who replaces him.
-Argenta
The United States Congress?
Name some, please.
Justin Amash and Thomas Massie.
jeff sessions
I wanted Jeff Sessions as the Senate Majority Leader. Good man.
Rand Paul
Walter Jones
Chuck Schumer?
Name some, please.
Gohmert....
Its Friday, so it must be open mic night at the comedy club.
Louie Gohmert. Not your average R
Thomas Massie. Justin Amash. Never met Amash, but I have Thomas. He is an amazing guy. He is the antiMcConnell for this part of the world.
Also, Trey Gowdy, Jim Jordan.
Isn't Trey a big Rubio backer? Liked him until I saw that.
Please. As anti-government as we all are, it's statistically impossible to create a body that is 100% assholes. There are good people in Congress, highly under-represented but they're there.
-Argenta
When being a lying and cheating, corrupt asshole is the number one qualification for the job then the statistics are skewed toward the probability that 100% are total assholes.
Good people do not run for Congress...at all. They avoid the psychopaths and are quite ineffective in combatting psychopathy.
The only reason why the USA and Russia prevailed over the German Swine in World War II was that we were more vicious and immoral than the Germans could ever be.
Now you can continue and live in your FANTASY that the members of Congress are moral agents if you so choose.
But it does not change the reality that they are corrupted by the money of the oligarchs and their votes are purchased by the lobbyists of K Street.
Can you honestly tell me that any of them have not been bought off ever? Then just how in the hell did they get elected in the first place? WHO PAID FOR IT?
I can honestly tell you that you are 95% correct....now why don't you find the 5% (start at opensecrets.org) who are not the bought and paid for puppets of Wall Street and the zillionaire slime and support them? 'They are all corrupt' is just a copout that is a great cover for personal inaction.
Rod Serling, Jr.
Those would be the good people who unwittingly legitimize what otherwise would be seen as pure evil by all.
Without these "Useful Idiots," the evil power-mongers would be left with nothing.
Without these good people, the evil power-mongers would have more evil power-monger friends in place.
Louie Gohmert is my rep. I hope he hangs on. Being an honest man in DC is killing him financially.
How long can McConnell last in the Senate?
thats up in the air now that the China ships aren't running like they were---
That owl-eyed douchebag needs to get fired.
if he's there tomorrow it'll be too long.
His bar must be closing
A politician willingly giving up power? What does the NSA know about Boehner's boner?
He's raped too many boys. He was probably crying from guilt when the pope talked about the Vatican's own rape problem.
They just really like rape.
Good riddance. I hope he commits suicide its the least he can do.
Dude, I don't care for the Boner, but I just don't want him to be in charge. Isn't it a bit over the top, or just outright crazy, to hope for his death?
no, i don't think so. the man spent his entire career looting and plundering on behalf of his cronies (and most likely a good bit for himself). in the process he threw not only his constituents under the bus but the entire taxpaying population of the US as well.
Fuck him
No.
I agree...he should have to see the damage he has done. Over the next number of years he along with lots of politicans will be hated.
After a fair trial and subsequent conviction for Treason Bohenor shoud face the Hangman's Noose.
I do support the Death Penalty when it is exacted for heinous crimes.
His leadership had the effect of the deaths of hundreds of thousands of people due to the unjustified wars.
That is MURDER.
In that picture he literally looks like pee is running down his leg in tingles.
Is that the same tingles Chris Mathews gets for Obama?
He's removing himself from the crosshairs.
Wonder where his bugout is.
Mount Weather.
I wonder if this insider sees a shutdown coming and wants to get out of the way of that trainwreck.
Boehner lost his Boner.
Ran out of bronzer
What a coward .... no wonder he's an alcoholic .... I spit on his weakness !
hallelujah!!!!
Who's the next douchebag to take his place?
Pope and a blitz?
Weepy Cheeto - OUT!!
Being a paid scumbag with multiple daggers over your head takes it toll. Maybe there was a concious buried under all that sludge afterall.
Well....bye.
Retirement Benefits for Members of Congress
They should paid based on the fiscal situtation of the country....if the debt to GDP is more than 0% they should have to pay in!
Reset. Cabal stooge skank whores being picked off.
I'm sure he's got a sweet promotion deal locked up in FL with some spray tan companies
Damn,
Beat me to it. I was thinking that he'll get a deal with Hawaiian Sun Tan in a Can and they'll name the volleyball final...
"The Boener Bawl."
"For a tan so real it will make you cry".
the big vote will be on the "bail out" this time around---I guess he just doesn't want to get black mailed again or suicided.
Fuck You Boenher. He is Absolutely a boner in condoms clothing.
GOP split wide open. The Neos vs the bible-Libertarians and a maverick whacko called Donald T.
No wonder Netty Yahoo feels betrayed and the Pope can take a piss in COngress without getting booed out as Peronista, socialist and peace monger extraordinary; not our Crusader Pope that the Neos would love hear say : God wills it !
What will Obamy do if the government moves to gridlock?
And, more importantly what will Putin do in Syria?
>And, more importantly what will Putin do in Syria?
Win.
Hopefully kick a little ISIS ass....and call them terrorists.
just curious, how come we never hear/read about refugees flooding into Russia?
Refugees in Russia don't get to stay on government aid for a prolonged period and have to obey the laws.
However, you've got to wonder if part of the reason Russia is in Syria might be in an attempt to stabilize Syria in order to prevent a further invasion by the muslims. Cechnya has its problems.
http://nationalinterest.org/blog/the-buzz/russia-the-worlds-second-large...
What will Obamy do if the government moves to gridlock? Same as he does now: blame the Repugnants for everything wrong, ignore the Constitution, make up new laws himself, and of course, play with his putter.
Fuck you boner!!!! I hope retirement means moar stress for you and that you expire quickly, you dick.
Bohner won't retire.. he will become a lobbyist for a big phama, banking calbalt, or and argricultue company for more crony capitialism.
You can say that again.
Bohner won't retire.. he will become a lobbyist for a big phama, banking calbalt, or and argricultue company for more crony capitialism.
Go crawl back into your bottle you fucking drunken crybaby....
The only thing you ever needed was a spine.
1 open the seed bank
2 old yellen freaks out on stage
3 boehner says I am outta here
things are getting weirder, whats next
Mocha jesus comes out of the closet?
http://www.dailymotion.com/video/x2344vj_black-jesus-s01-e01-full-episod...
Obama removes his blackface?
Moochelle proves the vagina was there all along
4 Market rally's 300+ points.
I need to go buy fireworks! Adios crying bitch!
Now if 434 more of them would follow his lead, we'd have something to talk about.
2-bit disposable liars, every last one of em.
Can't anyone acknowledge it's a "partial shutdown"?
Just like Jon Stewart, get the fck out of Dodge, before it all blows to Hell....
Cry me a river.
The best news of the year!
Pssshaw!
I guarantee that he will be replaced by someone far, far worse. Besides, the idea that it matters which puppet is placed at the front of the herd is laughable. Anyone who represents true opposition to TPTB will soon find themselves as the next "fall guy."
.. Or parhaps Boehner is experiencing his own Dennis Hastert moment. The Pope came to congress to fix this looming problem.
Don't let the door hit you in the ass you weeping Cheeto RINO douchebag piece of shit!
I can think of many more that need to follow suit, on both sides of the aisle.
The Pope has the photos it seems.
Just another in a long line of worthless selfserving turds, that claim to be conservitive and are in fact liberal.
Bonner is about as low a scum as you can find though and did all the damage he could do. He screwed the country as hard as he could while loading his pockets.
He will be hailed as a great " Public Servant" that did his all for his country. He is a sick fucking joke on the country as they all are!
Fuck off and die John!
What you said except the 'die' part
That's awesome... Now lets get rid of that spineless turtle faced turncoat McConnell over in the senate.
Boehner: Needs time to bug out ahead of the big SHTF event.
He was in the "Gang of Seven" who broke the House Banking Scandal back in 1992. It's been downhill ever since.
Boehner's a Catholic. He's obviously had a rotten time as Speaker. We can argue whether it's his fault or an impossible situation. Probably both. He had a private audience with the Pope. He would have mentioned the biggest thing tormenting him, which had to be what to do as Speaker. The Pope probably told him to "Follow His Heart," or "Be Quiet and Hear What Jesus Is Telling You," or whatever else you could get from a fortune cookie, the Magic 8-Ball, Ann Landers' column, or the nearest therapist. Hell, I could have told him that. Coming from the Pope, however, it carried a deep profound weight to Boehner. Boehner looked at the menagerie in Congress and said "Fuckit."
First thing I've ever heard of him doing that I respect. Actually, if he had run into me bellied up to a bar and spilled his guts to an anonymous stranger who didn't care, I would have told him to quit his job. Let the loonies run the asylum. We've tolerated bullshit from obviously crazy people for far too long, somehow thinking their insane opinions deserve some respect and that there's some kind of rational power in "The System" that would keep them from doing too much damage. Or maybe we don't believe these people mean the things they all say all the time, over and over and over and louder and louder and louder.
No, they really do mean all the crazy shit they spew. And a corrupt but not-insane person like Boehner can't keep them in check any longer. Time to let them get loose, and let the American people see what kind of fire they've been playing with for decades now.
Boehner is one of the problems, good riddance.
He is a whiney liberal only interested in collecting his paycheck and weekly spray tan.
I agree. Probably for different reasons than you, but let's enjoy this little moment together.
So long you whinny, sniveling, shit.
Please don't be so easy on him.
K-STREET Here I come
Divine intervention?? I think not!! The rats ALWAYS know when to escape from a sinking ship and this case is no different. Expect to see quite a few other long time CONgress-critters quiting over the next few weeks.
Boner is a misnomer for this limp dick.
The revolving door between politics and big finance will open for Boehner. Don't worry; this traitor IMO will be well rewarded post-political career for opening the right doors and pushing the appropriate legislation for his paymasters. I also heard the speaker circuit and regurgitating equine manure to to the converted and gullible students pays extremely well.
In saying that: It's all too easy to castigate Boehner, but not many of us will have the opportunity to posture on the world stage, meet the worlds movers & shakers, the uber rich and the celebrities, eat at the finest restaurants, sleep at the finest venues and have sycophants suck up to your every need big time. Boehner could also name drop and open doors we could only dream of having a peak at, let alone have inside knowledge. Boehner truly wasted his time and was a failure at being a public servant and will leave no positive legacy at all, but his C.V will be more impressive than mine or anybody else on this board. Is that an achievement in and of itself? I'll leave that answer for each individual Zero Hedger to decide.
Not in my opinion. Trade your integrity to be a bit player, a tool, in an evil game of power? No thanks, and no regrets. You make it sound like it would be something desirable - to be around the rich, famous and powerful. Are you kidding? To stand in the reflected light of reflected light? Find your own light, light your own way.
A real man should walk with a certain amount of pride. This man knows he's a sorry, worthless, son of a bitch, and wears it on his sleeve.
He saw the light
Good riddance to a whiney liberal
I'm done with this site - never to visit again. The majority of user comments are so hate filled I cannot partake anymore. Good Luck & God Bless!!!
I'm done with this site - never to visit again.
Whiney Oracle - See ya!! Don't let the door hit you in the ass on the way out . . . .
The majority of user comments are so hate filled . . .
It's called "freedom of speech" something most liberals (like you apparently) have a really hard time dealing with, so I guess I understand your position. I guess you would be in a better place where all the "hate speech" is censored by the web site.
Welcome to Fight Club. The first rule of Fight Club is: you do not talk about Fight Club. The second rule of Fight Club is: you DO NOT talk about Fight Club! Third rule of Fight Club: someone yells "stop!", goes limp, taps out, the fight is over. Fourth rule: only two guys to a fight. Fifth rule: one fight at a time, fellas. Sixth rule: No shirts, no shoes. Seventh rule: fights will go on as long as they have to. And the eighth and final rule: if this is your first time at Fight Club, you have to fight.
Its called Freedom of Speech and you are welcome to leave anytime if your are in anyway offended or it goes against your values. You are also welcome and free to start your own site that caters to your values, disposition, whatever (don't give a shit). And I have the option and freedom to not visit your site.
So, in a few words,, go fuck yourself.
Wannabe: a person who wants or aspires to be someone or something else or who tries to look or act like someone else.
Star Wars Disclaimer:
Luke: All right, I'll give it a try.
Yoda: No. Try not. Do... or do not. There is no try.
If you're gonna leave, just leave. We don't need your farewell speech, bitch.
Now, the Republicans need to get rid of Kevin McCarthy, Majority Leader, and Steve Scalise, Majority Whip. No more RINOs.
Oh happy day
Well, after Yellens last gasp, Boehner can become chairwoman and end this mess quickly.
One down, 400+ to go.
might & I say MIGHT be 1 or 2 in both congresses that should not face the firing squad!
All part of the plan. Next week ought to be popcorny.
Goodbye RINO. Great news for Liberty if the GOP can get a decent non-RINO in Boehner's place. McConnell should go next.
other then ovomit & his demonrat lemmings, this POS is about as low a human being can go. Vile lying betrayer backstabbing parasite! And that only covers part of it.
Anyone remember rumsfeld and busch?
Those cock-ups were just as bad if not worse but.t8me has taken them off the hook.
Cheney also looked like a pervert
Boehner: "I'm stepping down to drink more, for crying out loud."
It's been a rough week for elite stooges.
First Blankfein with cancer...so sad....that it isn't something more incurable.
Then Old Yellen stroking out on stage.
Now Boner is off. Maybe the tangerine skin indicates liver disease?
Kaboki theater in action... will miss the sporadic crying..
I can see the reports in the MSM.
"House Speaker Boehner resigns to spend golden years with the rest of the jellyfish."
It appears that with Yellen's lying-ass speech (and total nervous breakdown due to what she was forced to say), combined with Boner's unexpected departure, that TPTB are trying real hard to create a problem in the "minds" of the Algo's . . . . just in time for Monday's "Blood Moon".
now take that cooksuckerservative mcCowel with you you evil POS
Good riddance RINO John; now go some place and have a good cry.
www.traderzoo.mobi
Bye John. Now you're free to run as a Democrat.
Biden/Boehner 2016?
A few years ago, a pal of mine said, "REALLY??? HOW DO YOU KNOW???" That was a reply to my saying that this fuck face was a sniveling Alcoholic. I AM TOO, but I do not snivel on TV.
The old Crocodile Chief cried. The new crocodile chief licks his jaws.
Please leave my family out of this...thanks.
This is Big News. Republican Party is in disarray and will split in two creating a Third Party because Republicans could not reconcile idiological differences, Bush/Cheney legacy, income differential within party constituencies and lack of leadership. Split reflects reality but also means Democrats will offer voters more of what they want, opening door for Biden or Sanders in quest for more socialism (equality) and less DOD, Big Biz and Wall St bankers that run the economy. Next year will be exciting!
Okay every true ZH'er; let this person know what you think..place your vote above.