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Boehner Delays Press Conference Until 3:30PM: Trouble Getting A Majority?
Friday deja vu with not enough votes once again. Keep an eye on the The Hill's Whip Count (link) which summarizes what the mood of republicans and democrats is as we go into the vote. Unless Boehner can convince enough republicans to share his opinion, and we do get a failed vote, it would make the Tarp vote failure pale in comparison with what happens to the market...
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They're all cowards and theives. They'll vote for the deal, with the exception of Dr. Paul.
They're merely deciding on who gets to vote "No". And setting the final price on the "Yes" votes.
Exactly...This is election motivated..weaker members that may fall prey to conservative voters will get to vote no.
Right now, 30 minutes ahead of the close, the market is saying it's a done deal. They are loading up for an expected after hours/pre-market bounce. Worth a small bet, I would guess.
If so, I will be adding to my core PMs the rest of the week.
I called my congressman and told him he better be voting no. Default? Sure, why not. Grow a spine.
Notice market going up since Rep. Charles Dreier started talking? The tells have been released. Debt ceiling is a fait accompli.
Always was! We said it here for weeks now.
They're pretending to be stuck up chicks who need to be begged and cajoled
Reality: DC home prices are the only in the nation that rose. Tell ya anything??
We know what happens next....More tears bitchez....
woops...sorry bout that
Boehner blocked?
Koch-blocked?
Boehner bitched?
I think the whole country gets bitched!
get revenge buy gold
Gold coins sold out in Lisbon today
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/08/01/bloomberg137...
Fellow Members Slap Boehner down.
Boehner rages onn in the face of stiff resistance.
Frank to take Crapo and then Boehner out to late lunch.
aw poor babies can't get the votes? , that sucks...........its those wascally hobbits that are doing this.......
So the Precious is debt I asume.
a defaulted teleprompter... and it's a 15 minute drive to the nearest radio chack to get some spare parts.
Austerity is a bitch... it starts with a broken teleprompter and before you know it, nuclear bombs go missing...
Emanuel Cleaver (D-Mo.) – Head of the Congressional Black Caucus called it a "sugar-coated Satan sandwich."
Satan sandwich bitchez...
The Chair's sandwich?
only to be eaten with large quantities of cold milk on hand.
regardless, as you might expect, you'll pay dearly for it on the other end.
hail to the SS (satan sandwiches)....
Just cuz the FCC won't let him call it a shit sandwich.
There is more truth to that statement than Rep. Cleaver could imagine.
Bernie holding court in the Senate. Maybe I should forgive him for his being scared by the May 6th Flash Crash and not auditing the Fed. Hold it down Bernie!
Bernie would want you to hold him accountable for that mistake.
I interviewed Sen. Sanders, those beaty little eyes, about the TARP Dance he executed that day - http://www.youtube.com/watch?v=66OWjuYeTXI
Too bad the Thom Hartman show removed the link. I drilled him pretty well on the issue of his sellout. Wish the link was still active - http://www.dailypaul.com/133879/bernie-sanders-on-the-thom-hartmann-show-12pm-et
I am TimG in the thread.
Perhaps more aligator tears will garner enough votes for a majority.
Probably, except this time, it will only be the TBTF banks that lose money...so who cares? In fact, only criminal syndicate Wall Street bankers and analysts would be surprised by this [as evidenced again by this morning's ISM report surprise]...because they are pretty much surprised by everything. Average Joe already knows the economy sucks and the stock market is a Pachinko machine.
+++++ Let the Fed Reserve choke on its treasury and MBS holdings and let the TBTF banks choke on LULU & PCLN, drowning in their own vomit.
Yeppers...getting rid of the Fed is the key to ending this Federal Government gravy train, the pillaging of the American people.
Let us hope the House of Representatives shoots this bogus deficit reduction bill down. Again, it seems pretty clear that Average Joe is not fooled by any of this.
And if it passes the House, Speaker of the House Boehner must resign.
I take the bankster threat of martial law seriously. If they do not get what they demand, I wouldn't put anything past them. They'll burn the house down around them rather than see anyone else survive.
Then pull some dough out of the ATM on your way home...
What gave you the impression that I need money to survive? You're right. Nothing is ever going to happen, and this debt ponzi scheme will go on forever and ever.
An astute point made by you, that I had completely missed, Cdad.
Back in 2008/2009, there was a far larger % of the general population holding larger portions of that which they intentionally cratered, after TARP was initially rejected.
But now, far fewer Americans either have exposure or nearly as much exposure to that which they can tank.
And TBTF entities are practically giant, engorged slugs, after having digested so much of LULU and the like.
They'll crater themselves!
Bring it on.
The fact that Average Joes left the market in 2008 in droves is very much part of what has held the market up since then...well, that and the Bernank, of course. There has been an absolute lack of sell pressure.
They can choke on the shit. The banker betrayal of 2008 is not far enough in the past for Average Joe to return. The banks own assets nobody wants...and no one more so than Ben Bernanke. And as for Lulu, and no matter how many times Cramer goes apoplectic on air, no one in their right mind would look at that and say "fair value." The entire market is priced for stupid as the economy slides back into recession.
Look for the Wall Street to next be "surprised" by the return of selling pressure...their own!
They all have to agree officially not to sell any paper assets.
But you know what happens once they leave the meeting.
I must be surrounded by stupid average joes but I think that the average person will think that this is a reasonable and balanced bill. Thats what the news, papers and even people posting on facebook and yahoo articles say. Those people are average joes.
They will read headlines like $2trillion cut, default avoided and believe that the government is a little more responsible now without hurting the economy.
Anything that allows them to more easily go back to grazing will work. It's unfortunately human nature to avoid conflict--even when that conflict ultimately determines their life of death. Maybe, just maybe, sitting really still will see me spared!
Absolutely agree. I think that people are too busy on their ipads, watching youtube and facebook stalking to spend a few minutes to educate themselves. It so simple now with the internet that there's no excuse besides laziness or apathy.
You know, it is a nice cliche and a standard in terms of the status quo...to constantly suggest that Average Joe has no idea what is going on. However, there are certain troubling facts that simply do not jive with that view.
Average Joes have said in almost unanimity...a resounding "NO!" to raising the debt ceiling. That has been clear in the polls for a couple months now.
As well, Average Joe is leaving MSM in search of real information on the web, and you can see this in the falling ratings of the old stalwarts of the Television Media outlets. Look at the comparative success of a site like Drudge...an outfit that gets far more attention than MSNBC. I would bet, as well, that ZH is growing in terms of traffic while Market Watch, I suspect, is doing about as well as the newspaper business, on the whole, which is to say it is probably swirling around the drain. Sure, you can still cite the Dancing with the Stars crowd...but that is pretty anecdotal, don't you think? And that is entertainment...which all people seek at some level.
I'm tired of this same old line about everyone in the public being a moron and everyone on Wall Street supposedly a genius. Look who was surprised today by the ISM report...JP Morgan. Look at these morons in DC touting this new compromise bill as deficit reducing...while the bill blatantly raises debt levels. In these places, you will find the true morons.
I could go on...but I know that those who believe the public to be a sea of idiots are well entrenched in that line of thinking...so have at it. I'm not going to presume you are correct at all, and so post to the contrary.
You're right! "Average" Joe has had his/her ass handed to them during the 2008 financial crisis and has learned that borrowing too much will end in tears and pain.
30% of home owners are upside down on their mortgage, 15% of Americans are on food stamps.
These people are learning every day the hard way that the greed and the lust for consumption has put their lives in the crapper.
They care about whether or not their government raises the debt ceiling yet again to keep affording the ponzi games and the paper asset vermin pushers who don't contribute anything of value to society or the nation.
Revolution is not off the table. To the contrary, the debt ceiling increase followed by more record billion dollar bonuses for the vermin paper asset pushers is a great recipe to get some real change done. Heads need to roll before anything can get better.
Yes, and you don't have to be a genius to have some common sense. Conversely, in DC the old saying 'Common sense is not all that common' truly fits.
Neither Dbach nor myself ever called anyone stupid. I believe he wrote apathy or laziness, and I was talking about normalcy bias. The people know what is going on, but the vast majority of them, with human psychology to blame mostly, simply do not want to do anything about it. It is safer, less risky, and easier to "go with the flow." Us informed people are called "nuts" or "angry" too. I do not blame the average Joe at all. When the time comes, those average Joes will be fighting for their liberty just as much as we will.
Thank you Cdad for recognizing what a lot of us who read but do not post know. There is a lot of discussion in the general public and a growing awareness, but perhaps not yet activism.
No problem, Dulcinea. Yes, activism is still a bit out of sight...but that does not mean it isn't happening. Collapsing consumer discretionary spending IS happening. Revolution of the closed wallet, brother.
Cdad, it was not my intention to suggest the average Joe is either stupid or completely uninformed. As with the story I have told before, I had to tell my wife three times to stop a car for me to get out and help a robbery victim. She saw it. She knew it was a robbery. Her built in human psychology however overruled her ability to respond properly.
I believe people do know what is happening. They just choose to ignore it. TV, xBox, etc. are easier options than conflict. Fighting the system involves risks too, and we are hard wired to avoid risks at all costs.
Edit: Voice is so hard to "hear" in text, so please do not take these responses are angry or an attack. I'm just rejoining the excellent conversation! 8-)
CD's article from a month back really is becoming more and more prescient as each day passes.
Most people will look to anything in order to pretend that things are fine. By nature most do not care about what really goes on, content to merely drown themselves in folly.
Why do you think that facebook, sports, and drowning ones soul in booze every weekend is so prevalent? Because that is just the way they like it.
I used to think that it was some big conspiracy that every weekend was filled with all the folly that younger males gravitate to so that they won't start to really look at what is going on. You never know what might happen when a critical mass of men decide a solution to a previously unknown problem. The purveyors of this tripe are merely giving men what they want. A false reality.
Apologies to the ladies, but the menfolk seem to be more adept at the killing arts.
This line pretty much sums it up:
pods
That is very true, and the normalcy bias issue is definitely a problem. However, I would humbly suggest a great number of users on this site could look into that mirror and be guilt free. It's been said before already, but all you need is a tireless minority. That is probably true only because ideas cannot be killed too. Liberty may require a heavy price, but I know I'm not the only one willing to pay whatever is necessary to see my children are not worse slaves than I already am.
That would be awesome if they shoot it down. I am screwed either way so I don't give a shit if the entire economy takes a huge shit, actually maybe it would help. Be nice if the damn bank that is foreclosing on my house went out of business. Default, Default, Default, Default......
+yeesh
I agree
Yes, but all of average joe's $1,800 of retirement savings are in stocks. What about them?
/sarc/
... but still a little sad, ppl should know what they are buying or not buy it.
Everyone was adequately warned in Sept 2008. I will not shed a tear for people who did not hear the gunshot.
So simple... so true!
My pity for those not preparing has long since dried up. Fortuna favet paratus!
Today has been a boon for the TBTFs though....they have been playing the market like a fiddle. Naaah, they just couldn't have inside information!
Ron Paul and Chahlie Wrinkles in the No column together?! LOL
If they can't get goodle cronies like Chahlie on board, this bill is F-U-K-T.
Rinos + "enough" Democrats will put this crapsack over. TP to be isolated on right, effectively becoming 3rd Party. That, plus the additional 2.5 trillion to finance the Zionist warfare/welfare state for yet another year makes Zero the big winner. For what it's worth.
Hard for me to say which way this will go, snowball and Compassionate One...
Almost doen't matter which way this goes, we still have a train wreck ahead.
BREAKING...
Just heard the Dow only down 31. PPT at work. Makes you feel good to be a taxpayer, no?
People are trying to get ahead of the (they think) coming bounce.
It sure worked Friday!
What people? This is a market of machines. As for getting ahead, they are already well behind. As for the bounce...already happened...as in that's over now.
What people? This is a market of machines. As for getting ahead, they are already well behind. As for the bounce...already happened...as in that's over now.
It would be fantastic if the "radical" dems and "radical" republicans voted the same way. It would serve Boner right for bringing that sack of crap back to his caucus.
just a dance to give right cover to the false tea party types
I was getting excited, you're probably right though.
The TARP vote failure was a setup by the Democrats to make the market crash, secure the election for the Democrats, and give Nancy Pelosi a platform to blame everything on George Bush and hammer home the last nail in the Republican coffin.
Maybe this will be the last gasp of the Obama Presidency.
"Maybe this will be the last gasp of the Obama Presidency."
It's all Beorge Bush's fault, LOL...
on the other hand what if the market holds tight signalling to washington dc that the world is moving on without them. you're probably right, and my speculation may be off but it's something i'm considering may happen.
"Charles Rangel (D-N.Y.) – Tells reporters he is "disappointed" in the deal."
Gonna have to sweeten that deal with more entitlements for people that don't want to work.
What's work? Sounds very 20th century..
work is a 4 letter word
It's that place you go to and surf the internet all day while you drink coffee for 8 hours.
We work at the same place?
Sort of like him.
A fixed fight has never been this good. Late rounds and the crowd is on it's feet. But its still a fixed fight.
Fixed, sure. But to what end?
There's always that slim possibility of a "Double Knock Out".
This would get very ugly very fast if it does not pass. Still think it will but by a very small margin.
Because its exactly what needs to happen is why it won't happen.
But wouldn't it be fun to watch.
Of course "by a very small margin". That's pre-arranged (by all sides) to give the politicians, esp. Repubes, as much cover as possible.
An excellent summary of the mood of the people on the right side of the debate...
http://heraldsun.com/view/full_story/14847468/article-Debt-ceiling-vote-...
You'll know it if he's openly weeping....again.
<----- Boehner > Obama
<----- Boehner < Obama
Two sides of the same coin. Cowards and thieves, both of them.
<------ Boehner = Obama
They are both bankster puppets whether they realize it or not.
Boehner = Obama = Bush = Clinton = Romney = Palin =...you get the idea. Fixed it for ya.
Clinton / Palin = Bush / Condee Rice
Al Gore / massage with a happy ending = Bush / having a good stiff one
I want a third choice of ==.
Markets are much to volatile for Boehner's liking apparently...
These Tea Leaves were read long ago - such as Friday when the PD's met with the Fed for an "emergency" spa day -- don't panic PD's even if they vote it down, your haircut will be non-existant. You may even get some added weaves for playing...
UhOh....someone must have read some of the fine print!!
Kindly allow me to re-post.
Here's the Shalls take for the RECORD:
The debt ceiling vote misses by one vote. The ceiling is not raised and the unwind commences at once. The whole thing has been theatre (read: facade, as in "intentional").
This would support the luminary, Mr. High's work.
I feel extremely confident in this outcome now. It all makes sense. Epiphanic moment? Not sure if it even falls in the category.
Prepare accordingly.
I hope all of these politicians get AIDS, and EBOLA, and CANCER, and more fucking AIDS.
I am surprised that you are that kind. :-)
Just Ebola...AIDS and cancer take so long.
This has all been gamed. They will get their "bi-partisan" spending increase whether we want it or not. Wake me when people start mailing spent shell casings into their congressmen. They don't seem to understand the tea bag mailings.
I've heard a lot of talk here lately about a magic Platinum coin. I have another idea:
1) The Bernank prints $14 Trillion dollars. (It's really the only thing he knows how to do and he loves to do it.)
2) Put the whole pile in the Capitol rotunda.
3) Have AIG, Fannie Mae, Freddie Mac, and Ally Bank (GM), all of whom relied upon the American taxpayer for help when they were desperate, return the favor as we, the American taxpayer, are now desperate, and INSURE this $14 Trillion dollar pile.
4) Surreptitiously, Congress hires an arsonist to burn the pile to ash.
5) Collect the insurance from the insurers and pay off $14 trillion of the public debt.
The debt owed to America from AIG, Fannie, Freddie, and GM would be paid in full and the public debt would now be a manageable $600 billion and we can start the clock again.
I think you might be forgetting that if you print "another" 14 trillion, you are then out 14 trillion after the insurance pays the new burnt 14. ;-)
Yeah, I know. Just want some payback from AIG. You also can't collect if you hire the arsonist, but ...
If it passes by Tuesday, then it was all a drama-fest. If it gets blocked there might actually be decisions made in congress! It could of course be a drama-fest that got off track - in which case the resolution will unbelievably swift.
Would be interested in some input. Why is it that when deficits and budgets are discussed noone brings up the fcat that a congressman can serve one term and have a full retirement when he or she reached 65? Secondly, why is it that they do not have individual 401K accounts to fund their own retirement. Lastly, why cant they get pooled inurance or that which is equivlient to medicare so they too will understand the type of care you get when sick, old or disable.
Thanks
I believe the regulation is 6 yrs to get the pension. That's 1 term for a Senator, but 3 for a Congressman.
Thanks but who else gets a full returement after such a small time at work and why dont we make them change this? There is probably more savings there than in this ridiculos debt celing increase charade.
Ron Paul is the only congressman to have declined his congressional pension
He has aspray tanning appointment at 2:00 that he can't seems to reschedule. If he does he may turn out uneven.
<blockquote> Boehner Delays Press Conference Until 3:30PM: Trouble Getting A Majority? </blockquote>
Either that or they're preparing to ramp into the close.
Either that or they're preparing to ramp into the close.
Ladies and Gents...should the Debt Bill fail, look to see Obama initiate New Wars..."In the Name of Peace" and to take American minds off their country's Bankruptcy.
...Wouldn't take much to attack and conquer Canada.
Manifest Destiny and all that Jeffersonian history.
Canada factoids,
...humongous land area
...natural resources up its Ying Yang
...only 34 million citizens
---------
OT: 2 min video..hilarious...
http://www.youtube.com/watch?v=W0Uju3tYS2s
Wasnt the US saying the same thing about Afghanistan? oops
With so many crooks and assholes together in one place. Where's an asteroid when you need one.
Mutually assured destruction economically might as well be an ELE.
Here comes the EOD Ramp Job.
Everybody is now looking at the September 30 quarter end statement print.
Nobody wants to miss this dip, too many guys trying to "make their year" by picking another intermediate bottom.
Just looked at the Dow: down only 38
Taxpayer funded PPT at work!
Never heard so many people on TV worrying about the Asian market open. Another red herring from an incompetent and corrupt government. How the Asian stock markets open now dictates public policy in the United States. Pretty soon I'll be using electronic SDR's so I can shop at the Federal Department of Grocery, under the leadership of Michelle Obama, Grocery Czar.
Obama is going to look such a fool if this thing falls through after proclaiming publicly a deal had been made.
Man the msm is really working hard to sell and close the deal.
There is one simple fact that politicians HATE more than anything else:
They need us to survive, not the other way around.
Wow, no deal announced yet and they are still buying stocks on hope?
It is weird. A green one for ya!
Ladies and Gentelmen
...Should the Debt Bill fail, look to see Obama initiate New Wars..."In the Name of Peace" and to take American minds off their country's Bankruptcy.
...Wouldn't take much to attack and conquer Canada.
Manifest Destiny and all that Jeffersonian history.
Canada factoids,
...humongous land area
...natural resources up its Ying Yang
...only 34 million citizens
That would be like attacking yourself. Harper is the Canadian GWB. We sell out to America every step of the way...
That would be like attacking yourself. Harper is the Canadian G W Bush. We sell out to America every step of the way...
What's the chances of Boehner saying;
"Ladies and Gentlemen, we're fucked. Thank you" (exits)
Maybe they'll raise the debt target with 5 trillion dollars?
Hey, if Bill Miller can own AMZN in his value fund, then this bill can pass.
Impossible is nothing bitch faces.
WTF would anyone be buying Macy's in this environment? Up almost 2%.
You dumb fuck its for the pump and dump after thurs comp store sales numbers.
You see, easy compares and balls hot weather = upside surprise.
Just fade it before everyone else ...kay.
and he gets angrier and angrier as market participants refuse to bite on his pump of bank stocks (buy hand over fist the 'tard said last night) for example, and the market in general to bail him out.
I think they will NOT get a deal no matter what the mainstream media spouts. I still think that this is a backdoor, orchestrated effort to tank the economy, kill the US dollar through hyperinflation to get us out of debt, force China to revalue its currency and put America's wage and price structure on par with China the BRICs.
If default is inevitable, why not take the pain now, especially if by doing so, you can defang your competitors?
I greened you, but I do not think that is the plan.
My best guess is that the plan goes through, more debt, more spending.
- $2.5 trillion MORE to us.
Of course.
Theses guys ALL (both parties And Tea Party) are the representatives of The Ponzi Nation.
They are there to enrich themselves and their paymasters who got them the job.
When they turn the money spigot on in DC, some of it trickles to Omaha. Most of it gets lapped up in DC right at the source. By the time it gets to you it's just saliva
Please, stop with the drama and conspiracy theories.
first step liquidity freeze worldwide
My Congressman is undecided. I'm hoping for a "no" vote! I'll be seeing him in a few weeks. If he votes "yes", he's not going to be very popular with the crowd at the event.
Passage of this will make Obama into a dictator. Not that he isn't already...
Please quit being so dramatic, Durden. The bill will easily pass. You know it & I know it. I'm 200% long the Dow. 13K here we come.
13k in a howling desert with the waterholes all going dry. And the natives are closing in with their long knives drawn. Have fun while you think you can.
Anyone see the citizen protest in the House during the debate? I tuned in to hear some chanting and the Speaker yelling for the Seargant to get the chanters out. What were they chanting? Anyone? Anyone? Beuler?
forget it, found it:
"Hey Boehner, get a clue, it’s about revenue"
I read the headline on the main page as "Trouble Getting A Boehner?" and thought, "More viagra spam??"
I think that this vote should fail, because it would shock the congress and the president into doing something drastic. Meaning that it will show them what and who they really are when crisis happens. Many democrats don't like this also, because it hurts their constituents (isn't it funny that they where able to read/hear about the stuff in the bill hours before the vote).
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