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Watch Live As Obama Shares His "Vision For A Balanced Approach to Reducing Our Deficit"

Tyler Durden's picture




 

Hide your millionaires and get your popcorn ready. This will be good.

 

And some details of his actual plan from Market News:

Deficits and Debt

* The Joint Committee plan significantly reduces deficits and puts the country on a fiscally sustainable path by 2017.

– The deficit is projected to fall to 2.3 percent of GDP in 2021. By comparison, if we did nothing, the deficit would be 5.5 percent of GDP in 2021.

– Reaches “primary balance”– where our current spending is no longer adding to our debt — in 2017. At that point, current spending is no longer adding to our debt, debt is falling as a share of the economy, and deficits are at a sustainable level.

* The President’s plan would reduce the national debt as a share of economy.

– Stable or falling debt as a share of the economy is a key metric of fiscal sustainability.

– If we did nothing, the national debt would rise to 90.7 percent of GDP in 2021. By contrast, under the President’s plan, the national debt would fall to 73.0 percent of GDP in 2021 — or an improvement of almost 18 percentage points.

Health Savings

* The plan includes $320 billion in health savings that build on the Affordable Care Act to strengthen Medicare and Medicaid by reducing wasteful spending and erroneous payments, and supporting reforms that boost the quality of care. It accomplishes this in a way that does not shift significant risks onto the individuals they serve; slash benefits; or undermine the fundamental compact they represent to our Nation’s seniors, people with disabilities, and low-income families.

* The plan includes $248 billion in savings from Medicare.

– Within this total, 90 percent of the savings, or $224 billion, comes from reducing overpayments in Medicare.

– Any savings that affect beneficiaries do not begin until 2017.

– The plan does not propose to change the eligibility age for Medicare benefits.

* Other health and Medicaid savings amount to $72 billion.

* Because of the structural nature of these reforms, health savings grow to over $1 trillion in the second decade.

* The President will veto any bill that takes one dime from the Medicare benefits seniors rely on without asking the wealthiest Americans and biggest corporations to pay their fair share.

Other Mandatory

* The plan includes $250 billion in savings from other mandatory programs.

* Included within these savings are:

– $33 billion in savings from agriculture subsidies, payments, and programs

– $42.5 billion in reforms to Federal employee benefit programs, including programs for civilian employees and military personnel.

– $4.1 billion from the disposal of unused government assets.

– $92.2 billion from restructuring government operations and reducing government liabilities.

– $77.6 billion from improving Federal program management and reducing waste and abuse.

Revenues

* The President calls on the Committee to undertake comprehensive tax reform, and lays out five principles for it to follow: 1) lower tax rates; 2) cut wasteful loopholes and tax breaks; 3) reduce the deficit by $1.5 trillion; 4) boost job creation and growth; and 5) comport with the “Buffett Rule” that people making more than $1 million a year should not pay a smaller share of their income in taxes than middle-class families pay.

– Tax reform should draw on the specific proposals the President has put forward, together with elimination of additional inefficient tax breaks. If the Joint Committee is unable to undertake comprehensive tax reform, the President believes the discrete measures he has proposed should be enacted on a standalone basis. Their enactment as a standalone package still would significantly improve the country’s fiscal standing, represent an important step toward more fundamentally transforming our tax code, and serve as a strong foundation for economic growth and job creation.

– To advance this debate, the President is offering a detailed set of specific tax loophole closers and measures to broaden the tax base that, together with the expiration of the high-income tax cuts, would be more than sufficient to hit the $1.5 trillion target. These include:

* Allowing the 2001 and 2003 tax cuts for upper income earners to expire ($866 billion)

* Limiting deductions and exclusions for those making more than $250,000 a year ($410 billion)

* Closing loopholes and eliminating special interest tax breaks (approximately $300 billion)

 

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Mon, 09/19/2011 - 10:33 | 1684437 Cognitive Dissonance
Cognitive Dissonance's picture

I got the front row seat. Suck my fumes.

I'm making book boys. What's the over/under on the number of DOW points we lose? 

Mon, 09/19/2011 - 10:36 | 1684456 fuu
fuu's picture

He takes us to -300 territory. Or -80 from here.

Mon, 09/19/2011 - 10:37 | 1684474 Comay Mierda
Comay Mierda's picture

bullish for peas

Mon, 09/19/2011 - 10:40 | 1684494 Long-John-Silver
Long-John-Silver's picture

Unlike Gold and Silver you can eat peas.

Mon, 09/19/2011 - 11:01 | 1684590 Lord Blankcheck
Lord Blankcheck's picture

I eat my peas with Silverware.sterling that is

Mon, 09/19/2011 - 11:03 | 1684595 redpill
redpill's picture

The new mantra is not just millionaires, but "Millionaires and BILLIONAIRES" just to drive the point home that this is really about those yacht-owning, private jet flying ultra-wealthy (ironically the same type of folks who would be able to escape such liability internationally if they so chose)...

But of course that's not what it is. It's an arbitrary $250k boundary that more and more people will fall into every year thanks to inflation, a level at which many small business owners would see diminishing returns by trying to expand their business and hire more people, prompting many to elect not to.

Perhaps more retarded is going after investment income, as it hurts everyone that saves and invests, not just the ultra wealthy.

And in the end, regardless of how one feels about who should be taxed and how much, there is another party in this scenario: a federal government that does not have a scrap of credibility and does not deserve one penny more than it already gets.

I'll tell you what, I don't want Warren Buffet taxed more, not only because theft remains theft regardless of scale, but because I don't want any of his money to go into the corrupt hands of the criminals we call leaders.

Mon, 09/19/2011 - 11:11 | 1684630 JP McManus
JP McManus's picture

I believe it's down to $200k a year, but, honestly, I haven't read the entire Jobs Act yet.  I heard we have to pass it before we can find out what's in it.

Mon, 09/19/2011 - 11:14 | 1684655 CrazyCooter
CrazyCooter's picture

I think the 250k boundary is quite intentional; we are all going to be making that kind of money in a couple years. The catch is we will be struggling to afford basic food and energy needs at the same time.

Fuckers.

Regards,

Cooter

Mon, 09/19/2011 - 11:17 | 1684684 JP McManus
JP McManus's picture

Correct.  It won't matter when inflation forces the minimum wage up to $100/hr.  Then EVERYONE is "rich".

Mon, 09/19/2011 - 11:19 | 1684705 redpill
redpill's picture

I think that's right around the time that they make enough things illegal that we're all criminals too.  So we're all rich criminals.  Not even a good hearty round of liberal guilt can assuage such a thing, we'll be obliged to donate ourselves to the state entirely.

Mon, 09/19/2011 - 11:32 | 1684788 SRV - ES339
SRV - ES339's picture

To all of the above...

Hope you choke on your Sushi and through up all over those loafers. Go ahead, keep towin' the TP "Big Lie"... but the gravy train is pulling out of the station... get over it!

Of course there are millions of unemployed and poor "slackers suckling on the public teet" that would be hapy to swap lives with any of you poor downtrodden souls... what's this, your not so bad off after all... what a shock... lol!

Mon, 09/19/2011 - 12:36 | 1685071 redpill
redpill's picture

You myopic fool.  Who do you think the unemployed are going to get a job from?

Mon, 09/19/2011 - 13:43 | 1685339 TruthInSunshine
TruthInSunshine's picture

I am laughing my ass off at this moment, and I pass thy gift to you now:

EU to call for US and Japanese action on public deficits at G20 this week according to an EU document

 

09-19 13:05: EU to call for US and Japanese action on public deficits at G20 this week according to an EU document

 

I am happy to see the EU call out little Keebler Elf, Timmay Geithner.

Mon, 09/19/2011 - 20:49 | 1686908 SRV - ES339
SRV - ES339's picture

So in your Matrix fanatsy, all those business owners will close up shop and live off Tea Party love if we raise their taxes... lol?

You sure you didn't go with the blue pill?

Mon, 09/19/2011 - 11:22 | 1684717 j0nx
j0nx's picture

I see ZERO signs that inflation is or will be transferring to wages at any point in the near future. Too much global wage arbitrage for that to happen. Nope you get the worst of all outcomes with hyperbiflation.

Mon, 09/19/2011 - 10:38 | 1684483 the not so migh...
the not so mighty maximiza's picture

naaaa Bernake has his finger over the enter key, they are pumping as soon as he speaks.

Mon, 09/19/2011 - 10:45 | 1684513 I think I need ...
I think I need to buy a gun's picture

buma, buffett and bernanke = bullion

Mon, 09/19/2011 - 10:50 | 1684537 Long-John-Silver
Long-John-Silver's picture

Beans, Bullets, and Bullion.

Mon, 09/19/2011 - 10:54 | 1684559 X.inf.capt
X.inf.capt's picture

dont forget the coffee

im long coffee, short bullets...

Mon, 09/19/2011 - 10:57 | 1684567 the not so migh...
the not so mighty maximiza's picture

Don't forget the Babes, everything else is secondery

Mon, 09/19/2011 - 10:47 | 1684528 Oh regional Indian
Oh regional Indian's picture

All you guys have to notice is the Gold Fringed Flag behinid him. Perpetual state of War Emergency, oh clueless ones.

All Kabuki. Theater. This is no ordinary puppet pulpit. it IS a Bully Pulpit.

Do your research...

ORI

Hey America!

Mon, 09/19/2011 - 10:51 | 1684549 X.inf.capt
X.inf.capt's picture

i think our president going to say something interesting...

GOLD JUST FELL OFF A CLIFF,

Mon, 09/19/2011 - 11:16 | 1684669 CrazyCooter
CrazyCooter's picture

I have been waiting to buy my next OZ ... c'mon dip!

Regards,

Cooter

Mon, 09/19/2011 - 11:18 | 1684692 SheepDog-One
SheepDog-One's picture

X.inf.capt yea something interesting is going to be said, 'No QE3'.

Mon, 09/19/2011 - 11:22 | 1684719 X.inf.capt
X.inf.capt's picture

well, dog, if youre in stocks.....

LOOK OUT BELOW.

Mon, 09/19/2011 - 11:25 | 1684741 SheepDog-One
SheepDog-One's picture

'If Im in stocks'? No, not in stocks, as Ive been saying daily here for at least 8 months.

Mon, 09/19/2011 - 12:27 | 1685033 X.inf.capt
X.inf.capt's picture

i know your not, dog, i was talking to the 'long stock' people.

Mon, 09/19/2011 - 11:18 | 1684691 fuu
fuu's picture

Ok so I lost on that one hahah.

Mon, 09/19/2011 - 10:36 | 1684460 wang (not verified)
wang's picture

fortunately I blocked the White House media player and the LSO's it leaves behind on any and all who open this page

Mon, 09/19/2011 - 10:42 | 1684501 A Lunatic
A Lunatic's picture

Firefox will cure that. Too bad it wont fix the teleprompter.

Mon, 09/19/2011 - 11:19 | 1684699 CrazyCooter
CrazyCooter's picture

Use FireFox. Set the privacy options to clear everything except site preferences when firefox is closed.

I also use AdBlockPlus (plugin) which not only blocks a lot of banner adds and crap, but also lets me block titty avatars while browsing ZH at work.

Oh, and a good firewall.

If you are garnering "spy" attention beyond these measures, well, you have bigger issues to deal with.

Regards,

Cooter

Mon, 09/19/2011 - 10:37 | 1684480 Cdad
Cdad's picture

Hard to say how many points.  However, there is no doubt that criminal syndicate Wall Street bankers will seize the teachable moment to set President Zero straight on who the tax targets cows really are...and it ain't them.

We draw closer and closer to the Lear jet exodus in America.

Mon, 09/19/2011 - 11:13 | 1684643 SheepDog-One
SheepDog-One's picture

Millionaires today are mere peasants to the $500 billion club boys who run the puppets.

Mon, 09/19/2011 - 11:16 | 1684674 Cdad
Cdad's picture

Who are these sheeple Americans who believe this guy is a great orator?  He sounds like the regular two bar stools down bitching about "unfairness."  

Surreal.  Every time this guys speaks, I tumble backwards down the cosmic bunny hole.

Mon, 09/19/2011 - 10:42 | 1684502 Don Birnam
Don Birnam's picture

Tax the "millionaires" -- in an economy which has arguably been in a prolonged recession since 2008...some would go as far as having entered depression, in some sectors. 

Ah, yes -- President Hoover raised the top rate back in '29. The result contributed to what we all identify as "history."

"Brother, can you spare a SNAP card -- or better still, how much can I get for a spiffy Pontiac Aztek ?"

http://blsciblogs.baruch.cuny.edu/his1000spring2011/files/2011/02/1929-s...

Mon, 09/19/2011 - 10:51 | 1684547 Cognitive Dissonance
Cognitive Dissonance's picture

Your image is actually a wonderful example of debasement of the currency since the Fed was hatched.

Cheap wheels

Mon, 09/19/2011 - 10:58 | 1684575 Crash N. Burn
Mon, 09/19/2011 - 10:58 | 1684578 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Tell me if he smells like sulfer.

Mon, 09/19/2011 - 11:02 | 1684589 Translational Lift
Translational Lift's picture

What a crock-o-shit....same ole same ole....this ahole needs a new speach writer!!

Mon, 09/19/2011 - 14:02 | 1685411 WallStreetClass...
WallStreetClassAction.com's picture

Hide yo millions,

hide yo gold,

they are taxing everyone here

Mon, 09/19/2011 - 10:33 | 1684439 William113
William113's picture

Oh look he's late again.

Mon, 09/19/2011 - 10:34 | 1684446 rcintc
rcintc's picture

CPT

Mon, 09/19/2011 - 10:35 | 1684450 oogs66
oogs66's picture

being late is a sign that he has the power?  maybe occassionally, but this is just plain and simple rude at this point

Mon, 09/19/2011 - 10:36 | 1684458 Dolar in a vortex
Dolar in a vortex's picture

Don't be silly, you're early.

He's always on time.

Mon, 09/19/2011 - 11:00 | 1684585 rcintc
rcintc's picture

27 minutes now...this is beyond inconsiderate.

Mon, 09/19/2011 - 10:58 | 1684573 Hansel
Hansel's picture

.

Mon, 09/19/2011 - 10:33 | 1684441 the not so migh...
the not so mighty maximiza's picture

maybe a bird will poop on his head, hey you never know.

Mon, 09/19/2011 - 10:33 | 1684443 PivotalTrades
PivotalTrades's picture

Until we eradicate the pernicious idea held by the Democrats that they are entitled to the product of your labor; which they then use to buy votes and swell the ranks of their tribe, there is no hope that the system that once provided the greatest standard of living will survive.

Mon, 09/19/2011 - 10:46 | 1684517 duo
duo's picture

Let's just use the AMT form, but change the rates to make it somewhat neutral to today's code.  It's a two-page form, isn't it?  That's simplification.

Mon, 09/19/2011 - 13:57 | 1685392 AustriAnnie
AustriAnnie's picture

...idea held by the Democrats AND THE REPUBLICANS...that they are entitled to the product of your labor....

Mon, 09/19/2011 - 14:05 | 1685420 WallStreetClass...
WallStreetClassAction.com's picture

This "pernicious" idea is called taxation and it is in the Constitution. What a clueless dweeb! Don't want to pay taxes? Go to jail or get the fuck out. Very simple.

Mon, 09/19/2011 - 15:03 | 1685656 PivotalTrades
PivotalTrades's picture

Its actually an ammendment to the constitution added much later in order that lazy scoundrells such as yourself can leech off the system. If you can point to the moral athority other than might makes right that gives you an entitlement to my labor I'd like to hear it. If you can then I want you to  you come by and mow my lawn

Mon, 09/19/2011 - 10:35 | 1684457 IrritableBowels
IrritableBowels's picture

Fax/ery let's go

Mon, 09/19/2011 - 10:36 | 1684462 Fips_OnTheSpot
Fips_OnTheSpot's picture

Teleprompter not operable. Please hold the line.

 

When will it start?

Mon, 09/19/2011 - 10:46 | 1684521 Ruffcut
Ruffcut's picture

THe lighting is not right. HIs puppet strings will show.

Mon, 09/19/2011 - 10:36 | 1684467 lolmao500
lolmao500's picture

Why waste time listening to this bullshiter in chief?

Mon, 09/19/2011 - 10:47 | 1684527 Long-John-Silver
Long-John-Silver's picture

For my PUT spreads.

Mon, 09/19/2011 - 10:37 | 1684470 red red wine
red red wine's picture

An African American Male said it succinctly in this Wall Street Protest Video

USA: 'Day Of Rage' Protest On Wall Street

30 seconds in...

http://www.youtube.com/watch?v=Qfjyafm05WM

Mon, 09/19/2011 - 10:37 | 1684471 Gandalf6900
Gandalf6900's picture

MR. President, take off your invisibility cloak

Mon, 09/19/2011 - 10:48 | 1684525 bob_dabolina
bob_dabolina's picture

del

Mon, 09/19/2011 - 10:51 | 1684535 bob_dabolina
bob_dabolina's picture

 

"We voted for change and obviously didn't get that" 

$100 says he still votes for Obama, because he didn't vote for change, he voted because he's black just like the 90% approval rating he carries for that demographic. I see him marching on WS, why isn't he marching at the WH? Yea, that's what I thought. In fact with such a high unemployment rate amongst the blacks why have I not seen ONE protest(er) outside of the white house?

 

Mon, 09/19/2011 - 10:59 | 1684582 Cleverbot
Cleverbot's picture

I don't think politicians are human. Hehe! But you are right about it being the animals of society that are the murderers. That is a very insightful thing to say. Well done.

Mon, 09/19/2011 - 11:35 | 1684806 SRV - ES339
SRV - ES339's picture

... your views are racist bob

Mon, 09/19/2011 - 10:37 | 1684475 AngryGerman
AngryGerman's picture

when all millionaires left the coutry

Mon, 09/19/2011 - 11:36 | 1684813 SRV - ES339
SRV - ES339's picture

please!

Mon, 09/19/2011 - 10:37 | 1684478 buzzsaw99
buzzsaw99's picture

This is the good part Mini-Me. This is where Obummer pretends to be a man of the people.

Mon, 09/19/2011 - 10:38 | 1684482 Thomas Jefferson
Thomas Jefferson's picture

I have to get my daily Barry Soetoro fix.  Market tank?  I thought Barry was on vacation in Mumbasa Kenya visiting his deported Grandmother.

Mon, 09/19/2011 - 10:38 | 1684484 dbach
dbach's picture

* The President will veto any bill that takes one dime from the Medicare benefits seniors rely on without asking the wealthiest Americans and biggest corporations to pay their fair share.

 

Please define "fair share". Thank you.

Mon, 09/19/2011 - 10:40 | 1684495 AngryGerman
AngryGerman's picture

all of it and go work in the salt mines

Mon, 09/19/2011 - 10:41 | 1684497 SheepDog-One
SheepDog-One's picture

Obama...what an asshole!

Mon, 09/19/2011 - 10:42 | 1684499 no life
no life's picture

Is he in there getting a fill on his short ES trade?

Mon, 09/19/2011 - 10:41 | 1684500 Lady Heather...UNCLE
Lady Heather...UNCLE's picture

...his teleprompters are set up so I guess it's just an 18th fairway bunker that's held TOTUS up

Mon, 09/19/2011 - 10:42 | 1684503 GoinFawr
GoinFawr's picture

Just remember to divide every deficit `reduction` number by ten (years), and keep in mind that at the very most he`ll only be around for half of them...

Hocus Pocus!

Mon, 09/19/2011 - 10:53 | 1684556 dbach
dbach's picture

We really need to get away from this XXX billion savings crap over 10 years bc everyone omits the 10 years and no one can forsee what will happen in 10 years. Like saying I will lose 50 pounds (mumble "over 10 years") by going to the gym 5 years from now. 

Mon, 09/19/2011 - 12:55 | 1684924 GoinFawr
GoinFawr's picture

Yes

No

 

 

Mr.G a "cagey political operator"?

Mon, 09/19/2011 - 10:43 | 1684505 Silverhog
Silverhog's picture

Bringing Harry Houdini back from the dead will be easier than making this plan work.

Mon, 09/19/2011 - 10:43 | 1684506 dwdollar
dwdollar's picture

Tyler, you really shouldn't bother posting anything for at least 15 minutes after he is suppose to show.

Mon, 09/19/2011 - 10:45 | 1684515 RingToneDeaf
RingToneDeaf's picture

Listening to this fool is a waste of time.

You should be preparing for the "good times ahead." Like down in New Orleans. When the bundle of lumber arrives, build a stage, have a party. After all, it helps take the mind off the misery.

Houses still in rubble? They should not be there anyway. See, everything is better already.

Mon, 09/19/2011 - 10:46 | 1684516 cabtrom
cabtrom's picture

What a Fucktard!

Mon, 09/19/2011 - 10:47 | 1684518 dwdollar
dwdollar's picture

He's just now rolling out of bed.  Our Shame In Chief is lazier than a teenager.

Mon, 09/19/2011 - 10:46 | 1684522 djsmps
djsmps's picture

Still waiting. I imagine Obama will be late to his own funeral.

Mon, 09/19/2011 - 10:47 | 1684523 Awakened Sheeple
Awakened Sheeple's picture

It would be excusable if the misses followed him out, sporting some "fuck hair"

Mon, 09/19/2011 - 10:49 | 1684534 Watts_D_Matter
Watts_D_Matter's picture

Does this oreo ever start on time....

Mon, 09/19/2011 - 10:50 | 1684536 Lady Heather...UNCLE
Lady Heather...UNCLE's picture

...hmmm, must be a big sandtrap

Mon, 09/19/2011 - 10:50 | 1684538 A Lunatic
A Lunatic's picture

This shit is for subjects.

Mon, 09/19/2011 - 10:50 | 1684539 d00daa
d00daa's picture

totus is totus... this asshole is on television more than leave it to beavaah... reruns.

Mon, 09/19/2011 - 10:50 | 1684542 lolmao500
lolmao500's picture

Won't pass.

Mon, 09/19/2011 - 10:50 | 1684543 JenkinsLane
JenkinsLane's picture

I've stuffed my millionaires down the back of the couch just in case.

Mon, 09/19/2011 - 10:51 | 1684545 Gandalf6900
Gandalf6900's picture

he's probably in the bathtub with the hermit playing with his gold (floatable) duckys

Mon, 09/19/2011 - 10:54 | 1684558 the not so migh...
the not so mighty maximiza's picture

rubber ducky your the one, squeek squeek, , rubber ducky your so fun , squeek squeek, etc etc

Mon, 09/19/2011 - 10:51 | 1684548 msmith
msmith's picture

When Obama speaks Equities go down and the USD strenthens.  It's very entertaining.

EURUSD big downside ahead. http://bit.ly/o36OSf

USDCAD looks very bullish http://bit.ly/ncvFDL

SPX (ES) bearish http://bit.ly/nlr4c9

Mon, 09/19/2011 - 10:52 | 1684552 Gandalf6900
Gandalf6900's picture

who's the blond fucker that keep getting up to pacify the old ladies in the front row

Mon, 09/19/2011 - 10:54 | 1684557 Little John
Little John's picture

I ain't racist - I hate his white half too.

Mon, 09/19/2011 - 10:55 | 1684560 Dr. Engali
Dr. Engali's picture

This guy has no respect for anybody. He doesn't care who's schedule he impacts ar anything. He is a completely self absorbed narcissist.

Mon, 09/19/2011 - 10:55 | 1684561 bob_dabolina
bob_dabolina's picture

He's finishing up his fried chicken, waffle fries, and purple drank. It should be another 10 minutes

Mon, 09/19/2011 - 10:57 | 1684568 SaveTheGreenback
SaveTheGreenback's picture

You're forgetting about the after-meal Newport he needs to smoke.  Give him 15...

Mon, 09/19/2011 - 10:55 | 1684562 Everybodys All ...
Everybodys All American's picture

Redistribution

 

Mon, 09/19/2011 - 10:55 | 1684564 D.O.D.
D.O.D.'s picture

I'm all outta popcorn... and bubble gum...

Mon, 09/19/2011 - 11:08 | 1684615 Little John
Little John's picture

plenty of pixie dust and bullshit to go around

Mon, 09/19/2011 - 10:56 | 1684565 the iD
the iD's picture

lol, ppl are all looking around like hes gonna swing out of a tree. what a joke, just turn the 'prompters around and let us read this BS and let us get back to buying the AU/AG dip. any one else would have been fired for constantly showing up for meetings late long ago. but i guess then we dont get his "umms" and "eerrs" dabbled into the nonsense. sweet, new angle on nothing. no use checking yourself in the mirror again, you are indeed nude Mr. President.

Mon, 09/19/2011 - 10:57 | 1684569 wang (not verified)
wang's picture

watching Bloomberg they are all in for Obama it is sickening

but I guess the cub reporters like Juliana Goldman and wannabe anchors Marj Brennan are thinking about their next job at MSNBC or CNBS

and of course the tiny perfect mayor likely transmits his Obamian preferences

Mon, 09/19/2011 - 10:59 | 1684570 RobotTrader
RobotTrader's picture

 

 

"Effective immediately, I've instructed the Federal Reserve to start S & P 500 targeting as its primary mandate, as it has a direct link to business confidence and job creation"

LOL....

Mon, 09/19/2011 - 11:06 | 1684607 Cleverbot
Cleverbot's picture

What is it about your best friend, that makes him or her the best to you?

Mon, 09/19/2011 - 10:58 | 1684571 Fips_OnTheSpot
Fips_OnTheSpot's picture

Hurry up! Europe is about to close!! </panic> </sarc>

Mon, 09/19/2011 - 10:58 | 1684574 undercover brother
undercover brother's picture

You watch what comes next:   If you don't vote for Obama you'll be called racist. 

Mon, 09/19/2011 - 10:58 | 1684577 Awakened Sheeple
Awakened Sheeple's picture

S&P @ 1192 at speech start...

 

Mon, 09/19/2011 - 10:59 | 1684580 goldenbuddha454
goldenbuddha454's picture

As long as the Unions are paid off that's all that matters.  Screw the private sector!

Mon, 09/19/2011 - 11:02 | 1684584 bob_dabolina
bob_dabolina's picture

"There's no reason congress should drag it's feet"

...I wasn't 15 minutes late to my own press conference

Mon, 09/19/2011 - 11:00 | 1684587 goldenbuddha454
goldenbuddha454's picture

That's funny!  Profligate spending in washington has brought us to this point.  As if he has had nothing to do with it!

Mon, 09/19/2011 - 11:01 | 1684588 Comay Mierda
Comay Mierda's picture

where's the Ali G translation??

Mon, 09/19/2011 - 11:13 | 1684617 wang (not verified)
wang's picture

 we ask dees bruvers an' bitches to leave dare careers, leave dare families, risk dare lives to make shizzle dat we’re protected. da last tin dey should af do iz ruk fe da job whun dey spitz turf. that’s why congress needs to pass dis bill. hit iz gonna help hundreds hof thousands hof veterans all across da turf. Now iz da bells to act. we’re not da peeps who just watch tings happun. we’re americans; we make tings happun.  we iz tougha dan da times we live in. we iz -- bigga dan da politics dat we've bin puttin up wiv. we iz patriots an' pioneers, an' innovators an' entrepreneurs, who, through individual effort, but also through da commitment to one anotha, built an economy that’s da engine an' da envy hof da world. we write our own destiny. it’s wivvin our powa to write hit once more. so let’s meet dis moment. let’s get to wurk. let’s show da world once again why da united states hof america iz da greatest turf on earth.

 

http://www.whoohoo.co.uk/ali-g-translator.asp

Mon, 09/19/2011 - 11:03 | 1684593 g
g's picture

What a lame. Is it me or does he say the same thing everytime he speaks.

Mon, 09/19/2011 - 11:06 | 1684610 goldenbuddha454
goldenbuddha454's picture

Same thing everytime.  Matter of fact listen to how he's introduced " a lil' more" into the english lexicon.  Every speech he now says " a lil' more" as if we're not going to notice and it won't hurt that bad!

Mon, 09/19/2011 - 11:09 | 1684620 g
g's picture

Good point, I have noticed that his word choice is increasingly becoming sloppy the last few speeches. Waste of time listening to this lame, bought and paid for politician.

Mon, 09/19/2011 - 11:18 | 1684647 g
g's picture

I wonder how many times Stalin, Mao Ze Dong, Castro, said 'fair' over and over again, as they slaughtered tens of millions of their own people. How many times has 'class warfare' been used by those in power to divide and conquer. Now days they just slaughter other people. Dangerous rhetoric, I wonder if Pelosi is crying, if not she should be.

 

On a side note, why is he not talking about punishing fraud, specifically big banking and wall street? What about all of the other issues that matter.

Mon, 09/19/2011 - 11:05 | 1684594 Iriestx
Iriestx's picture

How the fuck can I block this player in my HOSTS or Adblock plus?

 

EDIT:  ||whitehouse.gov in ABP.

Mon, 09/19/2011 - 11:24 | 1684738 CrazyCooter
CrazyCooter's picture

These guys maintain a host file you can use to prevent resolution of "unsafe" IPs:

http://winhelp2002.mvps.org/hosts.htm

SpyBot Search and Destroy will also append a long list of crap to your host file for the same purpose.

If you use ZoneAlarm (firewall) and change the settings such that unknown programs will pop up a window and ask permission, you can block the player. The truly paranoid only allow specific programs to access (i.e. a custom rule for each application) and delete all other rules, ensuring you get to see when things are coming/going. Be sure to disable the "automatic Microsoft accesss".

FireFox also has an addon called AdBlockPlus which works for many banner adds and what not.

Lastly, be sure to set FF to purge all info except site preferences when closing FF.

Regards,

Cooter

 

Mon, 09/19/2011 - 23:14 | 1687306 g
g's picture

Use NoScript for FireFox, everything flash is disabled by default, with one click you can enable if you so choose.

Mon, 09/19/2011 - 11:03 | 1684596 Ryman1075
Ryman1075's picture

 

cut what we can't afford to pay for what matters...

 

What matters = social security, medicare, medicaid= what we cant afford. 
Mon, 09/19/2011 - 11:12 | 1684633 Savvy
Savvy's picture

That's a pittance compared to what is being spent on bombing unoffending nations.

Mon, 09/19/2011 - 11:04 | 1684598 goldenbuddha454
goldenbuddha454's picture

I love the smell of new taxes in the morning. It smells like victory!

Mon, 09/19/2011 - 11:06 | 1684602 Eireann go Brach
Eireann go Brach's picture

I see his staff is handing out Mc'Obama's, a new happy meal from Mc Donalds to everyone in the crowd, there is a note inside the happy meal that says "Enjoy, because the guy sitting next to you is paying for it"

Mon, 09/19/2011 - 11:05 | 1684603 Spastica Rex
Spastica Rex's picture

There's been a war in Afghanistan? In Iraq? 

Mon, 09/19/2011 - 11:06 | 1684606 BayAreaAlan
BayAreaAlan's picture

"Everyone ... [has] to pay their fair share.". BHO 19/9/11

Mon, 09/19/2011 - 11:07 | 1684611 Calculated_Risk
Calculated_Risk's picture

queue more capital controls...

Mon, 09/19/2011 - 11:08 | 1684616 Cleverbot
Cleverbot's picture

Eliminating the federal Department of Education could only improve American schools.

Mon, 09/19/2011 - 11:08 | 1684619 Fips_OnTheSpot
Fips_OnTheSpot's picture

Biggezt Cutz EVAR, Bitchez!

Mon, 09/19/2011 - 11:09 | 1684622 FubarNation
FubarNation's picture

You know its like Boner says 'My way or the Highway......or how does that go....fucking telepromptor!!!!'

 

Have a verry, very, hard time listening to this clown.

Mon, 09/19/2011 - 11:10 | 1684623 Stuck on Zero
Stuck on Zero's picture

How to tell Obama is not serious.  Not one mention of controlling Wall Street, seeking indictments, reining in lobbyists.

Mon, 09/19/2011 - 11:17 | 1684680 buzzsaw99
buzzsaw99's picture

+1 Also, he had a supermajority in the CONgreff when he took office but waited until ther was no chance this type of legistlation would pass, and in an election year to boot. Disingenuous at best. Listening to Obummer is almost as appalling as listening to the maggots blame obummer for the mess krony krapitalism kreated.

Mon, 09/19/2011 - 11:59 | 1684907 SRV - ES339
SRV - ES339's picture

I guess you had your head stuck too far up your ass to see the obstruction by the GOP against anything he supported (at least you got the maggots and the kkk part right... well said).

Without a filibuster proof Senate, your TP friends were able to block, or gut based on corporate lobbyist wishes, any effective changes. As they said quite openly, they couldn't care less about the porr and unemployed... their only goal was to defeat the president at any cost... and you and your friends lined up at the trough to gorge on all you could get your slimy little hands on.

But please, don't let the facts get in the way of the hate fest... enjoy it while you still can kids... the world is watching, scratching their heads, and having a good laugh

Mon, 09/19/2011 - 12:57 | 1685164 buzzsaw99
buzzsaw99's picture

imo they didn't fight hard enough because they are all rich dudes too. I don't remember those repug old codgers filibustering much of anything, they merely threatened to do so and the dims folded. O had the chance to clean up dodge but he is just as corrupt as the CONgreff.

Mon, 09/19/2011 - 13:25 | 1685277 SRV - ES339
SRV - ES339's picture

... at least you seem willing to part ways with the ZH Groupthink buzz. And they did filibuster everything... they no longer have to stand and read the phone book, so no evening news coverage.

Can't disagree with your disappointment with all the Dems... just that it gets much worse if the corporatist TP gains control (or even just more influence). Good to see the president give up trying to work with the loonies and start to get tough.

Mon, 09/19/2011 - 13:38 | 1685324 Abiotic Oil
Abiotic Oil's picture

It's really very sad that you do not understand that O-bomb-a's support of wall street and money printing hurts the poor most of all through the hidden inflation tax.

Obama is not a socialist, he is a corporatist.  If he was a socialist he could have federalized all the foreclosures and given everyone a free house for what the banks have received in bailouts.

I'll give you another clue too since you seem to be on the wrong site.

The government cannot create jobs.  It can only take money from one group and give it to another, or print it.

Mon, 09/19/2011 - 11:28 | 1684762 Crumbles
Crumbles's picture

ASSHOLE - yeah, you!  

Speech wasn't over when you posted.  Guess you missed the several mentions of lobbyists.

Or just jumped the gun as usual.  Couldn't wait to post a little disinformation, dickhead.

 

Mon, 09/19/2011 - 11:10 | 1684625 bob_dabolina
bob_dabolina's picture

Oh really Obama, the rich need to pay their fair share huh? They are eligible for lower taxes than everyone else huh? 

"About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability."

http://finance.yahoo.com/news/Nearly-half-of-US-households-apf-1105567323.html?x=0&.v=1

Mon, 09/19/2011 - 21:01 | 1686938 SRV - ES339
SRV - ES339's picture

Bob, your argument shows a serious lack of intellectual ability.

Mon, 09/19/2011 - 11:12 | 1684636 AngryGerman
AngryGerman's picture

CLASS WARFARE BITCHEZ

Mon, 09/19/2011 - 11:13 | 1684638 Kingbingo
Kingbingo's picture

I have not listened to his speech, but let me take a wild guess here.....

 

All the extra spending starts now......

 

.......all the cuts occur under some future congress

 

Was I right??

Mon, 09/19/2011 - 11:14 | 1684656 Blano
Blano's picture

You left out the "it's all Bush's fault" part.

Other than that, pretty close.

Mon, 09/19/2011 - 11:13 | 1684641 boom goes the d...
boom goes the dynamite's picture

He so smart with that fancy degree of his. He knows there is no way to raise revenue by simply healing the economy and get his sheeple to vote for him at the same time. 

Mon, 09/19/2011 - 11:13 | 1684642 Little John
Little John's picture

Mr Prez,

  It ain't about tax fairness.  It's about we don't trust the guv to say what it means or to do what it says.  We just don't trust you people anymore. The "full faith and credit" is gone.  No more greenbacks for you. Get used to it.

Mon, 09/19/2011 - 11:13 | 1684644 Blano
Blano's picture

Why do I keep listening to this dipshit??  Every time I do my IQ drops faster than the S&P.

Mon, 09/19/2011 - 11:13 | 1684648 blueridgeviews
blueridgeviews's picture

Solutions are simple, this mess of a solution is indicative of all the lobbyists influencing DC.

 

I wish this guys words matched his actions.

Mon, 09/19/2011 - 11:13 | 1684649 wharfdaddy
wharfdaddy's picture

which one is the medal of honor? It's the red one right down here by my zippa

Mon, 09/19/2011 - 11:14 | 1684650 Outlaw Of The W...
Outlaw Of The Wasteland's picture

I pray outloud everyday for multiple bullets to tear through this international communist mulatto's skull and emaciated chest.

 

I have never hated anyone or anything more than this fucking bitch.  He needs to go.

Mon, 09/19/2011 - 11:14 | 1684652 bpj
bpj's picture

He's got to go

Mon, 09/19/2011 - 11:14 | 1684653 tickhound
tickhound's picture

 

Dear Fellow Americans,

"scouring the budget for waste and inefficiency"

"putting more money in the pockets of people"

"cut corporate loopholes"

"unfairness"

"uphold Constitution"

Signed, Every President

Mon, 09/19/2011 - 11:14 | 1684654 bpj
bpj's picture

He's got to go

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