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It's Official (For the Nth Time): "No Deal"
Remember the massive market ramp that came in on "news" that the Stupor committee would actually have a resolution? It is now time to fade it. Reuters reports that "The co-chairs of the U.S. Congress "super committee" will announce that their panel has failed to reach a deal on at least $1.2 trillion in deficit reductions, a senior congressional aide said on Monday. The co-chairs, Republican Representative Jeb Hensarling and Democratic Senator Patty Murray, are expected to release their written statement soon, aides said." Now this is not any news, but the "faux" catalyst that was used by the FRBNY to send a massive market buy to Citadel was there, and was sufficiently credible to get the vacuum tubes to jump in the buying frenzy. Now let's see the reversal, or not. After all that would make too much sense for this busted market.
Full statement:
(Washington D.C.) – Today, the Co-Chairs of the Joint Select Committee on Deficit Reduction, Representative Jeb Hensarling and Senator Patty Murray, released the following statement.
"After months of hard work and intense deliberations, we have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee’s deadline.
"Despite our inability to bridge the committee's significant differences, we end this process united in our belief that the nation's fiscal crisis must be addressed and that we cannot leave it for the next generation to solve. We remain hopeful that Congress can build on this committee’s work and can find a way to tackle this issue in a way that works for the American people and our economy.
"We are deeply disappointed that we have been unable to come to a bipartisan deficit reduction agreement, but as we approach the uniquely American holiday of Thanksgiving, we want to express our appreciation to every member of this committee, each of whom came into the process committed to achieving a solution that has eluded many groups before us. Most importantly, we want to thank the American people for sharing thoughts and ideas and for providing support and good will as we worked to accomplish this difficult task.
"We would also like to thank our committee staff, in particular Staff Director Mark Prater and Deputy Staff Director Sarah Kuehl, as well as each committee member's staff for the tremendous work they contributed to this effort. We would also like to express our sincere gratitude to Dr. Douglas Elmendorf and Mr. Thomas Barthold and their teams at the Congressional Budget Office and Joint Committee on Taxation, respectively, for the technical support they provided to the committee and its members."
And the follow up
Statement by Speaker Boehner on the Announcement by Joint Select Committee Co-Chairs Jeb Hensarling & Patty Murray
Washington (Nov 21)
House Speaker John Boehner (R-OH) issued the following statement on the announcement by Joint Select Committee on Deficit Reduction co-chairs Jeb Hensarling (R-TX) and Patty Murray (D-WA):
"While I am disappointed, the House will forge ahead with the commitments we have made to reducing government spending and removing barriers standing in the way of private-sector job creation. Doing otherwise is not an option. This process did not end in the desired outcome, but it did bring our enormous fiscal challenges into greater focus. I am confident the work done by this committee will play a role in the solution we must eventually find as a nation.
"I commend both of the panel's leaders, Jeb Hensarling and Patty Murray, for the dignified and statesmanlike manner in which the committee carried out its difficult negotiations. I want to particularly thank Jeb for the principled leadership and love of country he consistently has demonstrated in leading Republicans on the Joint Select Committee, as well as Dave Camp and Fred Upton for the countless hours they invested in this process for a noble cause."
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Do. Or do not. There is no try.
Reminds me of my ex-wife...simply cannot not spend money.
"Remember the massive market ramp that came in on "news" that the Stupor committee would actually have a resolution? It is now time to fade it."
lets cut the BS that 'news drives the market' the market went up because the fed/hft pushed it up. to say otherwise implies the market isnt manipulated....
Autmatic cuts. Short military industrial ruthlessly. Whoever built in the sequestration clause was a genius. SC failure was the plan the entire time. Failure = success.
Sold the Euro's Friday VWAP close...
The question they should be asked is, " how much of the $1.2 Trillion were you able to come up with?"
I vote for a name change.
Is it Super-Committee
Or Stupor-Committee
I think it should be Stupid-Committee
Holiday season for US citizenry will be nothing but free jiffy lubes all around from bendover burnokio and his jolly gang bangers.
"We would also like to thank our committee staff, in particular Staff Director Mark Prater and Deputy Staff Director Sarah Kuehl, as well as each committee member's staff for the tremendous work they contributed to this effort.
We would like you to donate your salary back to the taxpayers for a job well done!
I have positioned myself to do quite well post-collapse. I am well invested in gold, silver, copper-lead-tin, and have plenty of stock in Hornady, Remington, IMR, Hodgen, Winchester, Wolfe, Nosler, and Barnes. I have taken physical delivery of heirloom organic seeds and am stockpiling fertilizer.
With the gold and silver I will buy land and become a land baron. I will offer sheeple food and security in exchange for their lives. They will become my property and I will offer them nothing more than 2 meals a day (Big Macs and Fries with a Coke) and 200+ channel cable television.
The Serf of the Month will get a six pack of Bud Lite.
And they will be happy.
Good times ahead. Let this thing come crashing down. I'll pay top dollar for your freedom. In exchange you make me wealthier.
Win-win. In reality nothing will have changed for you.
Meet the new boss. Same as the old boss.
i think i will stick with the devil i already know his weaknesses
Anal?
What sort of programming will you have on your 200 channels? Will it be Jim Cramer sitting in a bombed out CNBC studio holding himself and slowly rocking back and forth muttering something about Netflix being a buy? If you have that, you can count me in, and please consider me for Serf of the Month.
My wife and I are preparing (we live in Dallas Texas):
Reading books on survival.
Establishing relationships with people in our community.
Buying every bit of what we think will be valuable post collapse:
Ammunition
Alcohol
Gold, Silver
Keeping on hand a physical cash position for the transition
Medical Supplies
Canned Food, MREs, water and water treatment
Cigarettes
Warm durable clothing, extra shoes and boots (not the crap out of Asia)
Fuel efficient transportation
Survival gear including knives, compass, batteries, candles, matches, blah blah blah...
Guns
Sellig all stuff we don't really need so we have extra cash to get those things of real value. Think junk electronics, furniture we don't need, old cars, art, on and on. Whatever we don't really need we are getting rid of.
She and I are also thinking of putting solar on our roof-top. Anything to reduce our dependency on this corrupted broken system.
We have also been conditioning ourselves physically, and I have been going on outdoor camping/mountaineering/rock-climbing trips lately to get reaclimated with the real world. Hopefully I can get a few hunting trips in as well...been a while because I have been so busy working for paper instead of real stuff.
Simply put: She and I have capitulated on our belief in this economic/political system as viable and working hard to be useful to others (friends, family, others in need) post collaps
Good thinking on taking action, but you left off relocation and food; Dallas county is going to be one ugly place to make a go of it.
See my survivalist blog for a how-to on putting up whole grains for longterm storage and usability. http://lesteronsurvival.blogspot.com
Trading liquor and cigarettes is not a very well thought-out barter medium. Taking advantage of your neighbors addictions will win you few friends of any quality and get you known as a Go-To Guy by folk without enough brains to make provision for their own needs...
I once thought of relocation as paramount, but don't anymore. I still agree it can be useful in many circumstances, such as escaping disasters/extreme weather/crime etc.
There's something to be said of adjusting in place. If you are tied to a job, or a place where you own a home or have lots of connections, it doesn't make sense to throw it all away to move somewhere where you don't have an income or property and don't know anybody.
Of course, if you have millions you can pretty much do whatever you want, unless the currency rapidly hyperinflates.
YES!!! I love it! Exploit the cattle! I think you are being far too generous. I would have a multi tiered hierarchy of sheeple slaves. The ones who watch Nascar would have to bunk with the dumb hippies. We could have Redneck vs. Hippies gladiator night. The possibilities are endless. I am very bullish on this.
The market will tank not because it cares, but because it is meant to. If it does, the dems will fault the republicans, and vice versa. Perfect misdirection.
why do any of these motherfuckers get paid by the taxpayers ????......health insurance (not Obamacare by the way) paid by the taxpayers.........Pensions for one lousy unproductive term paid by the taxpayers
REVOLT !!!!!!!!!!!!!!!!!!!!!!!!
Can we at least get an Ultracommittee to oversee the operation of the Supercommittee? We have to be able to spend at least $50 million or so to find out what went wrong. I'm open to spending more but I just want to make sure my tax dollars are used wisely. (LOL)
This seems like the next logical step in this pile of shit (LOL). I would not be surprised to hear the research studies that come out after this dogshit announcement.
"As it turns out the Super committee met and decided to 'defer' the decision until the next meeting."
"As it turns out the Super committee met and decided to 'defer' the decision until the next meeting."
"As it turns out the Super committee met and decided to 'defer' the decision until the next meeting."... oh for gods sake.
I can see it now. We can't save $1.2 trillion but we can save approximately $23.5 million and a bunch of headaches by firing ourselves from our own committee.
- Stupor Committee
That'll be the day... $15 billion later I'm sure.
The best part is how CNBC is downplaying it saying nobody ever expected anything of the committee. Yet it was those assclowns that for weeks kept up the rumors of a really big deal going on.
bob pisani won't even say "super committee" anymore...calls it the "deficit committee" i think...but at least we're "off the lows!"
What a surprise. In other news, a study done by EU scientists has proven that water is not wet.
And Pizza is now considered a vegetable? go figure.
Its funny none of them wanted to run in front of the cameras to announce their defeat....I mean Lurch alwaays loves a camera...lol...what idiots...they ran and hid like dogs caught peeing inside the house....chicken shits..
Standby for second US debt downgrade in 3 ... 2 ... 1 ...
OMG! Growth in Defense spending drops from 23% to 16%!
Oh, the Horror!
Spot on! Politicians have so abused the language (most of them are lawyers, it's their job) that they have conned the public into thinking that these "cuts" are like the ones real people have to make off of existing spending, not planned spending. A family currently spending $100 a month on cable decides to cut it. Not the farce of cutting growth. Hey, we were thinking about buying a car next year, but decided not to. Look! We just saved $25K in one year!
Let the whole thing freaking crash.
USA DOWNGRADE IMMINENT, BITCHEZ
Never gonna happen bitchez!!!
DEER IN HEADLIGHTS IMMINENT
BAC BANKRUPTCY IMMINENT
MY FAZ GOING THROUGH THE ROOF IMMINENT
Annual deficit (ignoring accrual of commitments) is about $1.5 trillion. They set up this joke of a committee to "save" $1.2 trillion over 10 years (back-end loaded for sure). They could come up with a plan in 5 minutes.
So, this failure is just a set-up for a grand compromise that will be heralded as the fix we need, and the leaders will slap each other on the back for a job well done - and the primary dealers will deliver the Santa Claus rally that will support the grotesque year end bonus's on wall street once again. And we will continue on the path to the final collapse of our relatively enlightened society.
It all makes me want to throw up. Seriously folks - who wants to live in a world run by bankers and China....it will make the dark ages look positively nostalgic.
I would replace 'bankers and China' with Libs and morons, but they are the same side of the same coin.
Which isn't silver, btw.
Of course they waited until after the market closed so the algos didnt get spooked. Suckers.
No deal is good news. The last downgrade in Treasuries resulted in lower rates. Why don't you understand there are no AAA ratings (except MCD and XOM). They are all crap and corrupt. But life will go on with more and larger deficits and more food stamps and entitlements. The credits are all crap but the militiary is really big and bad. So deficits do not matter, only the size of your guns. The agencies will be forced to downgrade all developed countries and raise China's credit to somewhere in the middle. It makes no difference since its all a game.
Nah, the secondary that Netflix just filed will save the day tomorrow.....
(Que to sound of Robo jumping out his basement window....)
The Stuporcommittee should appoint a Stupor Czar. Or maybe that is Obama's role?
They couldn't agree to $1.2T cuts over TEN YEARS on projected $44T budget. That is cutting $150B on $4T a year.
So all of the millionaire morons, can't do their actual job and 75% will be relected next year. American exceptionalism.
ODummer would have to get back to smokin weed and snorting coke to gain a 'stupor' label.
That would be an upgrade from 'stupid', tho.
its unfortunate that now the 'supercommitee' is garnering sentiment that it's somehow legitimate.
ok, ok. its obvious. the congress won't do anything. so we must allow our beloved president to disband congress and for the good of the amerikan people. do what needs to be done...........harde har har har....yeh sure.....
"All we need is the right major crisis - and people will accept the New World Order."
David Rockefeller, 1994
Adam Weishaupt's 250 year plan for mankind is reaching its final phase now.
Central planning you can believe in !
We all know that they will "work" the whole night to come up with the deal:
they will elect a two people super super duper commitee to come up with the cut in the next 3 months. This two poeple committe is composed of one republican and one democrate, one man and one woman, to be totally fair.
Boner and Reid. In a cage.
Nah, I wouldn't bet on that match.
Add Pelosi and Frank and you might have something!
where's jon corzine?
I don't think a US downgrade is coming anytime soon. Nobody has the balls. We will be AAA right up to shtf
The Chinee do.
bang dagong bitchez!
china threatens us with new debt downgrade
s&p cut its rating of long term fed debt to AA+ back in august...so we're right there with belgium and new zealand...negative outlook and all
No leader of a rating agency wants subpoenaed and humiliated in front of the whole world. Instant career killer. Just ask former president of S&P, Deven Sharma, who was replaced by Douglas Peterson from bailout queen Shitibank.
You cannot raise the dead.
Our economy is dead, the society is on life support.
The only thing I wonder is how many countries the U.S. get split into.
Sitting on a pile of shorts on Financials now. I was going to dump on the rumor mill today but then realized whatever positive news came out about the super committee would be patently false. Glad I held my positions.
Nice move.
So, are you RP supporters gonna write him in for the general?
Need to know, cuz I will do the real black without more info.
According to the Club of Rome, the number of human beings is to be reduced to 500 million until the year 2050.
Initially they wanted to use neutron bombs, but it seemed too costly.
Then they switched to the idea of using a deadly retro-virus.
HIV turned out to not be effective enough.
The death rate was too low and condom use not high enough to really make a dent in the growth rate of human population, especially in the developing countries.
7 billion is too high a number to effectively control.
Make it 0.5 billion, all RFID chipped, on a global plantation, a global 24/7 surveillance dictatorship.
So now what better way to achieve it than to crash the economy by crashing the financial system.
Never let a crisis go to waste.
You could always volunteer...
It's not my plan, I'm just citing.
Just sayin', cuz if you think the CIA is smart enough to develop HIV or whatever, or that steel doesn't burn, how do you figure to beat Leon Pinata? (whatever)
This is bullshit.
The Club of Rome was one of the few groups to warn that humanity was rapidly expanding and using the world's resources, and would eventually face a crash because of it. Nobody listened to them.
Doesn't matter how we go down, but we are going down. You can ignore nature and blame it all on nefarious conspiracies, doesn't change a thing.
There are 7 billion people on this planet and all the low hanging fruit has been picked.
Squeeze the specs but, do not go and try to squeeze the oligarchy. Remember, the really big boys do not buy stocks: they buy countries.
The problem is not the politicians. The problem is the people. Any meaningful deficit reduction requires big cuts to social security, health care, and the military. The majority of people do not want this and do not yet understand that these cuts are required.
Cuts, hell. Get rid of those garbage programs, along with 90% of goobermint agencies.
Charge the 99% a poop cleanup fee?
We need Howie Mandel on the next supercommittee.
Ron Paul 2012
Those were the days:
http://www.youtube.com/watch?v=iOUhqSRO56U
Paul Volcker was head of the Fed, and Ed Koch mayor or NYC.
I thought all Koch brothers were hated?
TPTB learned this much from 2008, that -800 pont days get noticed, and that people are less sensitive to -200 point days, which is why these down days keep getting pushed up at 3:30. It doesn't have to be positive, just within the zone to ae it a brief blurb on the nightly news that doesn't have the masses worrying.
HFTs don't give a rat's ass about the masses.
Governments merely pretend to fail.
No, they actually do fail. That's why 'Amerikan Idle' starts again soon.
Can't wait for that Chinee well off Key West to blow out.
Who will the Libs blame then?
Rhetorical, Bush, of course.
Obama is on TV gloating over this failure right now. He couldn't wait 12 hours to take a victory lap. Looks like he's got his re-election campaign platform.
El 'Do Nothing' CONgress. Was foretold in the twoifbytea leaves.
Great comment. Did you rush to type it?
while we're writing all these great comments, the super 12 are shooting hoops with my avatar, settling afterwards in comfy chairs, drinking fine wine, while reading ZH comments on a big screen, laughing at how stupid, and gullible the 99% are, for falling for the same dog and pony show, day after day!
This is different, how?
At least it is not a 'Beer Summit'.
Hey you, make a break, make a move !
http://www.youtube.com/watch?v=c4J-EVxMcd0&NR=1
Americans seemed to be healthier, slimmer and more upbeat back in the day.
Gee, I wonder why that is ?
Could it be because you are living in a corporate centrally planned hellhole now ?
VOTE LIBS!
It will validate your stupidity.
While euro is falling i think it's by deisgn that our morons are failing.
Imagine Euro is going down and US have something to show? Dollar surge and than Fed will masturbate and push for bigger QE.
I am not into conspiracy but i do think they know the market reaction for their failure and that's ecactly the result they are trying to accomplish.
535 Members of congress x $165,200= $86,777,000 ( their paychecks combined)
535 Members, staff, expenses 1,500,000 x 535= $802,500,000
Total so far= $889,277,000.
Would ya look at that I almost saved a billion dollars in budget cuts just from being pissed at how fucking simple it really is!
And thats lowballing it with stats from 2006, I think they actually get paid 174,000 now. Speaker gets paid bit more so do majority leaders etc..
And add the grand total of the presidents budget also and you know for a fact were well over a billion easily and No change for you poor motherfuckers out there!
These fucking cockroaches on the golden hill of shit are fucking piece of shits plain and simple, fucking cockroach worthless goat fucking assmunchers.. ( except the very very fucking slight few who are pro Non govt/less govt less spending etc..)
GET THE FUCK OUT OF MY LIFE ALREADY YOU WORTHLESS CUNTS!
Can some1 help me out...
From CNBC circus..
"
HP Earnings, Revenue Beat Forecasts; Stock Risesfrom WSJ
H-P Profit Falls 91%
Damn.... don't they work for the same algos? Machines are getting confused.
That's a glitch in the Matrix.
Sometimes certain solar events or electromagnetic interference fails to coordinate Ministry of Truth & Justice pre-packaged 'Headlines' being dispensed to all Main Stream Media Proxy Outlets in time.
For those of you who invest in an IRA or for long term goals, theres a better approach than buy,hold,hope. Stocks follow the economy so analyzing the economy, specifically the factors that are "leading indicators" and having exposure to equities only when the economy is headed in the right direction and avoiding equities in favor of safe haven baskets is a much more logical approach. And missing the major drawdowns is the only way to help ensure meeting your goals. If you are interested in investing in a portfolio that tactically invests in equity and safe haven baskets via ETF's automatically, please email me at:
eclark@breakaway-partners.com
and I'll add you to the weekly market commentary & portfolio update distribution list. Its free to add you and you can follow along our model and our views. We have been RISK-OFF since 6/30 so have missed all this wicked volatility. Currently invested in short duration treasury baskets as flight to safety drives interest in our debt.
MSM is wrong. Slump in US equities had little to do with Super Committee (but their agenda is to paint it as the do nothing Congress -- if only Congress would do nothing for several years). Europe melting into oblivion drove the market today.
Super Committee was a moderate success - they cut $1.2 trillon in spending -- better outcome than most Congressional committees (understanding they can always increase spending next year).
House Speaker John Boehner (R-OH) issued the following:
John Boehner (Retard Ohio)
"While I am disappointed.. This process did not end in the desired outcome... the work done by this committee will play a role in the solution we must eventually find as a nation."
"I'm bricking it. We couldn't stop bickering. We achieved fuk all. We are so fuked
"I commend both of the panel's leaders, Jeb ..and Patty Murray, for the dignified and statesmanlike manner in which the committee carried out its difficult negotiations. I want to particularly thank Jeb ...love of country he consistently has demonstrated in leading Republicans on the Joint Select Committee, as well as Dave Camp and Fred Upton for the countless hours they invested in this process for a noble cause."
Watching Jeb and Patty was akin to 2 spoilt brats throwing their toys outta the pram at a fairground. They couldn't negotiate a piss-up in a brewery, it was fuking pathetic. Jeb can't stop screwing the country and Dave and Fred sit on loads of the 300 windbagging committees that make Washington the laughing stock of the nation because they're all inept slackers who pontificatre year after year like they're wise and important when it's patently obvious to a 5 year old DC is the biggest clown show since Charlie Chaplin left for Switzerland. Why? We're all Marxist-Communists here now anyway!
"We would also like to express our sincere gratitude to Dr. Douglas Elmendorf and Mr. Thomas Barthold and their teams at the Congressional Budget Office and Joint Committee on Taxation, respectively, for the technical support they provided to the committee and its members."
Elm and Tom make Beavis & Butthead look like rocket scientists. Their Budget Office don't get budgets wrong in $millions, whereupon the worthless tossers would be sacked in the private sector. They get their sums $100's of Billions wrong because everyone in Washington is a spineless back-slapping turdball and won't sack these useless fukers.
Congress is a laughing stock. The Senate is a laughing stock. The US President is a Marxist illegal alien and a pathalogical liar everytime he's put infront of an audience. His wife has an emotional breakdown everytime she makes a speech it's pathetic. I myself wet the stage on election as i'm also an emotional wreck.
And now this stupidly named 'Super Committee' is a laughing stock. What moron gave it that name, we could never live up to that billing, half of us would never find our offices without a Limo driver and private secretaries to get us here in the mornings!
I may be deeply retarded but even I know our publicly propped up bankrupt banking sponsors won't stop the thieving and rape of our country until everything not tied down is stolen. Pensions, ETF's, stock exchanges, customer funds in segregated accounts, bank deposits transfered to pay off Dimon and Blankfeins dumb-fuk global gambling addiction... the list won't stop until the people shove pitchforks up these guys fat parasitical arses. Anyway 'duty calls' it's time for my Medicare bed bath with 'Naughty Nursey'
Somebody phone Gary Gnu....It's time for him to take over the coverage of this story from now on.
These Politicos need a big player like Gary to bring us their "news" on what they are doing to earn their pensions
"After months of hard work and intense deliberations...."
(Hahaha....ahh...yeah)
You could find less "Yahoo's" in a Monty Python skit
I know this won't be discussed much, but has anyone thought that maybe the supercommittee intentionally failed? That way, no one has to explain why they agreed to something completely against their idiology. They can just blame other people for the coming cuts and tax increases. You get to keep your rating with the S&P without it costing you political capital. Republicans don't have to vote for tax increases, democrats don't have to vote for spend reductions.
Perfect
Um one sticking point in passing of the buck from Dem and Reps desks.. someone at some point has to deliver the bduget cuts and someone at some point has to pass them
where do you think the cuts will be delivered from if not the Dem and Rep retards??
Of course it intentionally failed ... they are trying to buy time, not solutions!
The unrepresentative swill on the "super" committee have bought another 4 months of total inaction (from early August until now). This will be followed by another delay until "after the xmas break", then another few months of congressional wrangling, then another "really super" committee. By then we'll be in 3Q2012 with absolutely no decrease in congressional syphoning of future taxpayer funds to further bailouts.
That brings the oligarchs up to an imminent election ... which I believe will be cancelled at that time due to "the failure of congress to come up with a solution"! Then you can say hello to the new dictator and invitations to Camp FEMA for xmas 2012 celebrations.
shouldn't gold and silver be exploding on this news. Were mother fucking 15trillion+ in debt with no end in sight.
Gold and Silver, like any asset class, suffer from deflation and flight to safety out of assets into cash
there is no Holy Grail in investing... all assets yo-yo in price, like money itself
Agreed. And excellent satire above (re: Boehners dictation, pre-K street edits) I would buy gold if I could afford it. Since I cant, thats one bid out of 10e10 per day missing an offer. Maybe in a few years I'll be able to baby step into silver, and there are a lot of people like me. I do buy canned goods and they have nearly doubled in price over the last 2 years. Canned tuna is now un-affordable. Pretty much everything I stock up on is stuff near the exparation.
One thing I will share, since ZH has opened a new world to me, is that the packagers often try new recipies for staples like beans, carbs (crackers, breads, chips, potato based boxes "Add" meat dinners) if they dont sell, they put them on coupon or just outright clearance, much before they put even the store brand staples on sale. Same way with condiments.
Dumb, I know, but just offering support to your theory about how we can be debasing the dollar and PMs dont nessecarily rise in lockstep.
For many reasons, this committee was destined to fail and its fate was sealed with Patti Murray on the commitee. I live in Washington State and I can't believe this woman who seems to have the IQ of a tennis shoe continues to get re-elected. Shows her constiuency is as dumb as she is.
delete
Gov. Perry says cut their pay in half. If they can't pass a balance budget cut their pay in half again. I don't really care for Perry that much but he's got this right.
this is agonizing, I'm trying to prep best I can on a 20 something year old teacher's salary, been stacking 2+ years, my boyfriend keeps saying "not in our lifetime" every time I try to tell him what's looming on the horizon but he's a state trooper with lots of guns so I know he can protect me. I feel like I'm crazy most days because everyone else life just goes on. I just want to say fuck it and get myself an iPad (and LULU lemon, I actually really want those yoga pants)
Trust me you are not alone. So many Americans are totally blind to this mess and are going to be so unprepared when the failure occurs. Life will go on but it will be very very different.
what is it about women and cops? :)
These guys need to go.
Could you imagine what it would be like in the real world, if the leaders came back to the board or the shareholders and said, "Despite our best efforts, we were unable to accomplish the objective you gave us. But we'd like to thank everyone for their hard work and we look forward to seeing how you handle our failure going forward. Peace out."
These guys need to go.
Could you imagine what it would be like in the real world, if the leaders came back to the board or the shareholders and said, "Despite our best efforts, we were unable to accomplish the objective you gave us. But we'd like to thank everyone for their hard work and we look forward to seeing how you handle our failure going forward. Peace out."
This has got to have been Obama's best political trap ever.
Goal: Cut military spending.
Obstacle: Republicans.
Tactic: Play their ego's, get them to agree to automatic cuts if they cannot agree, give them a grand title, give them plenty of time.
Process: Republicans bicker, fail to reach agreement, providing epic lulz as they take both barrels to both feet.
Result: Massive unoppsoable military spending cuts. Republicans look like fools.
Bahahahahahaha!
I still think BO is a sellout, but you have to admit, he knows a few tricks.
And BO and Dem's wanted the spending cut's? Dem's won't stand for any cut's other than political cut's either. Both sides are fool's and the Repub's have just as much fire power to make BO look like the light weight he is next round.
The class/taxation warfare bit and making sure romney is the front runner garentees Obama a second term. The Clintons joined up with him after 2008. Hillary is the first supreme court appointee (out of 3) in the 2012-2016 presidential term.
Romney2012.com: I paid 11% effective taxes for 30 years, but now I have decided to write a rebate check to the treasury to show I am a big boy and I can pay the same rate as the typical single mom.
Obama2012.com: I am the other guy.
good
plenty of democrat districts will feel the pain of auto defense spending cuts, ob's may smell blood in the water, though later it may prove to be his own.
http://www.politico.com/news/stories/1111/68777.html
automatic cuts kick in and look who takes the pipe. the cftc. well of course. isn't that special? now nobody will bother blythe and her marry band as they do whatever the hell they want with paper, just like they always have anyways...
Deal or No Deal. Congress is a joke.
libertarian86.blogspot.com
Until the docile animals have a moment of clear reasoning, they will continue to let this go on. It is a clown show at a circus while the criminals run around and pick the pockets of the bewildered crowd. Nothing more. It needs to be torn down completely before anything gets better. Instead the bleating sheep are marching against some self interested businessmen. Bitch all you want about the bankers. But the people have the power to end it all. There are instructions written 235 years ago. The 99% sheeple empowered this circus. They (not the bankers) made the bed we all have to sleep in. THEY ENABLED IT. They voted for the clown show. And they will do it again .. and again... and again ... DIE!!!!!!
I agree with this. No Bankster ever held a gun to some ones head to make a loan. Sure they might have hired the highschool quaterback to write the loan and the head cheerleader as a real estate agent to convince you this is "the perfect house" but (keeping with the carnival metaphors) it was contract made in the house of mirrors. If they get violent, everything breaks and they can not use the ride any more.
The gov is a different story/ride/business model. they are able to take revenue/control at will, and with no fear of recourse. Which is why they do not care if they are doing a good job or not.
*I do not advocate any type of violence, against anyone.
"*I do not advocate any type of violence, against anyone."
Really? Even against someone taking your life or liberty? Or the life/liberty of your children at the barrel of a gun?
Are you some kind of monk?
I'll be honest. I am old, and I dont really have anything anyone would want to take. As far as liberty, a wise man once said "Education is the best accomodation for old age" lately ZH has been the best part of that. If they took that away from me, I guess I would try to fight, but another wise man said that violence always yeilds the opposite of your goal. (meaning if I broke my hands fighting, how could I click on the links?)
Buy EURUSD. It's the stupid trade, so it will work.
GS needs 1.35
Lookie those Putrids climb! +5 so far.
Kewl, 20 pip jump while I was posting.
Ah CIT.
Nevermind.
http://lonelyconservative.com/2011/11/wow-nancy-pelosi-ambushed-by-60-mi...
All your American Samoa is belong to us.
Bug eye hell
http://biggovernment.com/lstranahan/2011/11/15/occupy-nancy-pelosi-the-r...
It all worked out just like they planned. A few minor cuts in the planned increases in spending(with nobody to blame because they can all point fingers at the other guys) and a $4.5 trillion increase in taxes as all the Bush/Obama tax reductions end Jan 2013.
It's a wrap. Load 'em up and send 'em home. Cut their phone lines and their internet access. Keep the Congress away from Washington. Gridlock is the only thing standing between us and complete failure right now. A do nothing Congress is a good Congress.
Don't worry though the ratings agencies said job well done! Futures are up..what a fucking joke..is this real life?
For those of you who invest in an IRA or for long term goals, theres a better approach than buy,hold,hope. Stocks follow the economy so analyzing the economy, specifically the factors that are "leading indicators" and having exposure to equities only when the economy is headed in the right direction and avoiding equities in favor of safe haven baskets is a much more logical approach. And missing the major drawdowns is the only way to help ensure meeting your goals. If you are interested in investing in a portfolio that tactically invests in equity and safe haven baskets via ETF's automatically, please email me at:
eclark@breakaway-partners.com
and I'll add you to the weekly market commentary & portfolio update distribution list. Its free to add you and you can follow along our model and our views. We have been RISK-OFF since 6/30 so have missed all this wicked volatility. Currently invested in short duration treasury baskets as flight to safety drives interest in our debt.
Rome fell from greatness because their corrupt beauracy became to sluggish to respond to external and internal threats. Does this remind anyone of something?
Uh huh!
http://www.youtube.com/watch?v=7j-BEyIuQ3g&ob=av2e