Watch Obama Debt Ceiling Address Live

Tyler Durden's picture

It's time for your daily teleprompted brainwashing. Frontal lobes: out.


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bigdumbnugly's picture


this guy is on tv more than reruns of Lucy ever were.

TwelfthVulture's picture

Only since his reelection campaign bid kicked in.  He wasn't giving press conferences until recently.  Now, he's as ubiquitious as the Geico gecko.

flacon's picture

Can I get my 22 minutes back, please? What a waste of time. Wake me when something actually happens....

SilverRhino's picture

With the sheer amount of time that Obama has been spending on this, I wonder if we are a lot closer to the edge of the cliff and the abyss than we think we are and that the TPTB are doing all they can to hold out for just a little more. 


TheFourthStooge-ing's picture

These statements and addresses by Big O, Bhoaner, Hairy Butthole Reid, et al., really should have a laugh track.


HelluvaEngineer's picture

Drinking game keyword: Compromise

I Am The Unknown Comic's picture

turkey and peas. bitchez.  Gots to pay them bills, bitchez. 

Hey do you think they'll try talking "weasel" this time?  Obviously "talking turkey" didn't work out too good. 

TruthInSunshine's picture

Obama sez:    

You must eat The Black Eyed Peas. People are good eats. Really. Try with some BBQ dipping sauce.

Thank you, god bless Amerikraw, and may god bless the central bankters.

oogs66's picture

its too early to get that drunk

Gohn Galt's picture

Now is as good of time than any.  He's hurting my brain, make him stop.

JohnG's picture

You stopped?  I've found it much easier just to stay drunk this entire week.

Debtless's picture

Draconian, Full Faith & Credit, Partisan Politics. 

Feef's picture

Full Farce & Spend It.

Silver Dreamer's picture

If you really want to make things interesting, the trigger should be "uh."  I suspect most viewers would be dead before this puppet shuts up.

the left behinds's picture

play this WHILE playing obama speech . . . its a hoot

ElvisDog's picture

Was it Goebbels who said "tell a lie often enough and people will believe it"? Both sides are making sure that they're giving the same number of speeches so they are telling their lies exactly the same number of times. Call it the Goebbels Index.

Mercury's picture

Strange days indeed...

Uber-Tory and official Maggie Thatcher biographer Charles Moore is starting to sound like Tyler Durden


It turns out – as the Left always claims – that a system purporting to advance the many has been perverted in order to enrich the few. The global banking system is an adventure playground for the participants, complete with spongy, health-and-safety approved flooring so that they bounce when they fall off. The role of the rest of us is simply to pay.


I think Moore would have served his readers better by pointing out that things like the free market and capitalism aren’t merely political banners and should have to satisfy some important criteria to be worthy of the name (can we please stop labeling the sub-prime mortgage disaster as a free market folly?).


But whether it’s with the aid of communist apparatchiks or capitalist mega bankers, when the state goes into business for itself, the results and endgame are the same.


scratch_and_sniff's picture

Hindsight will never go out of fashion, someone should have presented the ideas to him when maggie was Regans bitch and he was living it large...

A Man without Qualities's picture

It was a very interesting article, but I think Moore misses the point - it's not about left or right, but rather morality and how the sociopaths have taken over the system...  It was the same in the Soviet Union, before Gorbachev came in and simply behaved like a normal human being..

HL Shancken's picture

I am a Communist, a convinced Communist! For some that may be a fantasy. But to me it is my main goal. --Mikhail Gorbachev


Gentlemen, comrades, do not be concerned about all you hear about Glasnost and Perestroika and democracy in the coming years. They are primarily for outward consumption. There will be no significant internal changes in the Soviet Union, other than for cosmetic purposes. Our purpose is to disarm the Americans and let them fall asleep.--Mikhail Gorbachev


In October 1917, we parted with the old world, rejecting it once and for all. We are moving toward a new world, a world of Communism. We shall never turn off that road.--Mikhail Gorbachev

A Man without Qualities's picture

This is interesting stuff, but my personal experience in the old Soviet Union and in the modern day robber baron land that is Putin's Russia tells me this is not true.  There is a strong element of Russian nationalism, but the country of today is closer to Imperial Russia than any communist model.  Putin himself is more concerned with amassing personal wealth, which is simply massive, and power.  The only crime in modern Russia is to go against Putin and not to give him his cut from any deal.

As for the quotes of Gorbachev, it needs to be considered in the context of who the audience was and how uneasy they were with his reforms.  Gorbachev knew that the Soviet Union was broken, and needed radical restructuring, but the Soviet power elite would not make personal sacrifices necessary.  His concerns proved correct...

Mercury's picture

So,  you can either hope for the good intentions and moral character of future political leaders or arrange things to keep the size and scope of government limited.  Sort of like they did in the 1780's.

Bob's picture

I see this drama as the only chance for a multi-party system we'll have before TSHTF.  As clear as it is that the existing two party (wink) system WILL NEVER get down to any causitive factors, the only thing that can save us is a multi-party system, imo.  Nader and Paul would both pull back the military, for example.  I wish that could be said for the Tea Party, but Viva Tea Party! nonetheless for going where no man has gone before!  Now stand your ground, mo fo's . . .


Mercury's picture

Maybe, but I'd rather see more daylight between the two parties. The problem with a multi-party system (more popular in Europe) is that sometimes you end up electing a nut-job with 10% of the vote.  Not that we're in a clearly superior position now put you can see how that would allienate the vast majority of people.

Bob's picture

Call me risk on for a genuinely democratic end, then.  If the two party system is not taken down, we're definitely FUBAR to our end anyway, imo. 

treemagnet's picture

Bathroom break time.

Josh Randall's picture

I hear the kids on Wall St today say they need to go to the restroom and drop a Geithner

snowball777's picture

You mean the ungrateful twerps who are lucky to even have jobs anymore?

Cocaine makes ya stupid, yo.

Version 7's picture

Better than mexican novels.

goldsaver's picture

No way... have you seen the boobs on those chicks on Mexican Soap Operas? Then again, he is a boob...

cswjr's picture

So is this the speech where he announces a grand compromise, or the one where he says we're all going to die?  I need to know how to position my /ES futures.


Long-John-Silver's picture

Short everything except Gold and Silver.

HelluvaEngineer's picture

With the exception of SLW.  It seems that on even a slight market selloff, half the holders of SLW immediately put in market orders to dump everything.

GubbermintWorker's picture

Isn't it about time to short treasurys??

Spastica Rex's picture

"We're all gonna die unless we come together as Americans and do the hard work that we always do. I'm not gonna lie; times are tough, but we are Americans and that means we always win."

Raphio's picture

But the one with the most toys when they die........dies

Chief KnocAHoma's picture

Will a reporter please aks this question -

Mr. Prez, if you wanted to tax the rich is there a better way to do that default on the bonds issued to large investors, the Treasury, the Fed, China and Japan?


Dr. No's picture

"Thank for the question Chief. As you know, tax policy can be used to encourage behavior.  We promote green energy by dumping money on ethonol producers and taxing big oil.  Same can be done for buying government debt.  We want to encourage every man, woman, and child to buy govment debt.  Therefore I do not want to default on the debt to push these potential buyers away.  Better tax them on everything else so as they only place they can invest money is gov debt.  Which, uh, is why I will be introducing a rider to the house plan which requires all 401(k) funds to automatically enroll people AND their investments into gov debt.  This will be a new chapter in the SS Trust stability."

Chief KnocAHoma's picture

Mr Prez... a follow up...

Where you born a pig headed ass wipe, or is this something you developed in your muslem up bringing?

I am The Chief

apcnudie's picture

start the show already...

derryb's picture

working on change 36, stand by.