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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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Fri, 07/29/2011 - 10:43 | 1504700 tip e. canoe
tip e. canoe's picture

he thinks he is

Fri, 07/29/2011 - 10:47 | 1504731 g
g's picture

He is a master of talking down to the public, but I can not help but feel like they asked for it.

Total lack of substance, now Reid is speaking, more f***ing drivel.

Fri, 07/29/2011 - 11:04 | 1504830 snowball777
snowball777's picture

And for millions of American voters...he should've aimed lower.

Fri, 07/29/2011 - 10:53 | 1504765 BurningFuld
BurningFuld's picture

You mean the part where he explained what bipartisan means. Previously I had no idea and that was very informative. He did forget to explain what flat ass broke means though.  Maybe he explains that on Monday...stay tuned.

Fri, 07/29/2011 - 10:41 | 1504676 g
g's picture

O'bummer speaking, puking everywhere, where is your plan bitch?

Fri, 07/29/2011 - 10:41 | 1504677 CrankItTo11
CrankItTo11's picture

What if we want to see default? Douche.

Fri, 07/29/2011 - 10:52 | 1504769 g
g's picture

That very well may be the only way that things will change.

Fri, 07/29/2011 - 10:41 | 1504679 Temporalist
Temporalist's picture

Such a disingenuous statement to say that higher borrowing rates is like a tax on everyone.  What if you don't fucking go into debt and don't borrow?  Fuckwads!  They WANT people to borrow so bad the system will die if everyone isn't an slave to the debt masters.

Fri, 07/29/2011 - 11:06 | 1504849 snowball777
snowball777's picture

And for the idiots still rocking their variable loans from 2006?

How does your "don't borrow" plan work out for the rest of the economy, if what it really means is "don't buy"?

I say this while laughing at the 3.75% 10 yr ad from Greenlight to my left and the "Hilton Garden Inn" ad to my right.

Fri, 07/29/2011 - 10:41 | 1504682 Cassandra Syndrome
Cassandra Syndrome's picture

Tweet Bitchez... the solution is that simple...

Fri, 07/29/2011 - 10:41 | 1504683 Global Hunter
Global Hunter's picture

Didn't take him too long to mention the social security cheques not going out.

Fri, 07/29/2011 - 10:47 | 1504737 CrankItTo11
CrankItTo11's picture

Only took him about 6 seconds to mention the evil FACTION. Code word for Tea Partier, Ron Paul supporter, white Christian male, ZHer, etc, etc. Good thing they're sending the Faction Busting squad to Boston next week for a test drive.

Fri, 07/29/2011 - 10:53 | 1504771 Global Hunter
Global Hunter's picture

tuned in late and missed that part, what an evil douche

Fri, 07/29/2011 - 10:43 | 1504684 Reptil
Reptil's picture

Ah, he took a leaf from the ECB book: It's the rating agencies that are responsible for everything, higher taxes etc..

For those that don't want to look, he said they agree on most issues, except for the rest of it.

Oh yeah; "citizens... tweet!"

good luck with it all.

Fri, 07/29/2011 - 10:42 | 1504688 r101958
r101958's picture

More political bs. What are his proposals for cuts? None...nada. He wants to create the perception that he can just stand back from the fray and direct the fighters.

Fri, 07/29/2011 - 11:03 | 1504822 Landrew
Landrew's picture

I dislike O'Bummer for his weird Wall Street sensibilities however, he should not have proposals! Congress creates the budget he only signs it into law! What is it that is so hard about our Constitution. O'Bummer can lobby for what he wants, however we know what he wants just ask Goldman Sack!

Fri, 07/29/2011 - 10:42 | 1504690 scratch_and_sniff
scratch_and_sniff's picture

ohhh im so brainwashed after that.

Fri, 07/29/2011 - 10:42 | 1504691 Silver Dreamer
Silver Dreamer's picture

Wow, that was quick.  He must have had a golfing emergency.

Fri, 07/29/2011 - 10:49 | 1504749 CrankItTo11
CrankItTo11's picture

Tee time is 11 and they don't let you be late for that. Did you see he was wearing his golf shoes already?

Fri, 07/29/2011 - 10:42 | 1504692 rufusbird
rufusbird's picture

He didn't say one word I don't agree with...

Fri, 07/29/2011 - 10:44 | 1504710 Spastica Rex
Spastica Rex's picture

I didn't know Anglo-Saxon was still spoken.

Fri, 07/29/2011 - 10:42 | 1504693 hunglow
hunglow's picture

We're not taking any answers.

Fri, 07/29/2011 - 10:42 | 1504694 Cassandra Syndrome
Cassandra Syndrome's picture

What would George Washington looking on behind him make of all this?

Fri, 07/29/2011 - 10:53 | 1504772 InconvenientCou...
InconvenientCounterParty's picture

I'm sure he would piss on the U.S. and praise the corrosive and utterly moronic comments on this site. In abject desperation, screaming out the question everybody is dying to ask...

What about me bitchezzzzzzz?

Fri, 07/29/2011 - 11:18 | 1504921 I Got Worms
I Got Worms's picture

I'm positive that if the founding fathers could be cloned Jurassic Park style and observe what became of the republic, they would drag 99% of our Congresspeople out on the lawn of the White House and shoot them dead for treason.

Fri, 07/29/2011 - 10:42 | 1504695 Debtless
Debtless's picture

Whew. Situation seems totally under control to me. 

Fri, 07/29/2011 - 10:42 | 1504696 unwashedmass
unwashedmass's picture

 

what the hell was that?

that was it?

Fri, 07/29/2011 - 10:43 | 1504699 JSD
JSD's picture

Wait...so let me get this straight...Clinton was impeached for a BJ...but...ehh...forget it.

Fri, 07/29/2011 - 10:43 | 1504701 HelluvaEngineer
HelluvaEngineer's picture

Wtf was the point of that?!?!  Can't they just loop the last TV spot?  My brain can't even process those meaningless words, randomly strung together.

Fri, 07/29/2011 - 10:43 | 1504702 Seasmoke
Seasmoke's picture

thats was so predictable, i think i knew what he was going to say before he said it

Fri, 07/29/2011 - 10:43 | 1504703 ArrestBobRubin
ArrestBobRubin's picture

And I'm outta here! Dow slipped from 80 to 96, better I go now. Gonna go git me some of dat Reggie love.

Fri, 07/29/2011 - 10:44 | 1504707 Landrew
Landrew's picture

Wow, server overload at E-Trade! I had just sold my GE Aug. 18 puts for a nice profit and now there is very little access or none. Is anyone else having this problem?

Fri, 07/29/2011 - 10:49 | 1504751 John McCloy
John McCloy's picture

  Didn't you know selling is banned for anyone but the HFT's?

Fri, 07/29/2011 - 10:44 | 1504709 rubearish10
rubearish10's picture

What a good guy, hey? Time to care about the people. WOW! Not inspiring and not demanded anything but just get together make-up and give me something to sign so I could get that tee time.

Bills to pay. Stop excessive spending and we'll pay the bills!

 

Fri, 07/29/2011 - 10:47 | 1504738 scratch_and_sniff
scratch_and_sniff's picture

lets face it man, he could have stuck $100 in your top pocket, cured your impotence and made you as famous as elvis...but you would still be fucking moaning.

Fri, 07/29/2011 - 10:45 | 1504712 Abitdodgie
Abitdodgie's picture

This is sooooo exciting , i think i will go and watch some paint dry. 

Fri, 07/29/2011 - 10:46 | 1504714 trentusa
trentusa's picture

the president is so eloquent...i heard blah blah blah...keep it up blah blah blah....default this blame it on congress that blah blah blah

Fri, 07/29/2011 - 10:45 | 1504715 buzzsaw99
buzzsaw99's picture

If we don't spend ourselves into oblivion the terrorists win!

Fri, 07/29/2011 - 10:45 | 1504719 slaughterer
slaughterer's picture

The only time he looked into the camera was during one word: "confident."

Fri, 07/29/2011 - 10:46 | 1504726 magpie
magpie's picture

"I am not a confidence man"

Fri, 07/29/2011 - 10:45 | 1504722 MrMorrers
MrMorrers's picture

So if I understood this properly....... Raising the debt limit IS NOT done to allow the Government to spend more money, it is done to enable America to pay it's bills. So who committed America to having to pay those bills when there wasn't a debt limit in place to facilitate all that spending?

 

  Or is that question far too naive for a non-US resident.....?

 

Fri, 07/29/2011 - 10:47 | 1504727 Milton Waddams
Milton Waddams's picture

.

Fri, 07/29/2011 - 10:47 | 1504729 williambanzai7
williambanzai7's picture

O Shit!

Fri, 07/29/2011 - 10:54 | 1504776 g
g's picture

Ah, much needed WB7, after that speech.

Fri, 07/29/2011 - 10:47 | 1504734 Dreadker
Dreadker's picture

Another pointless conference that doesn't change anything...

I remember the days when I kinda understood how derivatives worked...  and budgets could be solved with math...  If I have kids they're gonna give me that "dads crazy" look when i tell them about our current society, gathered around our cooking fire in the back yard eating what we caught that day...

Fri, 07/29/2011 - 10:48 | 1504739 mfoste1
mfoste1's picture

first and last black president ever.....

Fri, 07/29/2011 - 11:01 | 1504811 CrankItTo11
CrankItTo11's picture

Last * president ever.

Fri, 07/29/2011 - 10:48 | 1504744 slewie the pi-rat
slewie the pi-rat's picture

i'm listening on a SF radio station. he just cuts out.  one guy says "we lost the feed"

the other guy: "that's about enough of that, anyway!"

Fri, 07/29/2011 - 10:50 | 1504755 hunglow
hunglow's picture

Was it good for you.

Fri, 07/29/2011 - 10:50 | 1504756 lizzy36
lizzy36's picture

Okay y'all here it is. Accoding to POTUS, you need to tweet your congressperson #raisethedebtceiling.

Got it.

GO!

 

Fri, 07/29/2011 - 11:27 | 1504969 VisualCSharp
VisualCSharp's picture

The absolute ignorant crap people are tweeting is just mind-blowing. We have so, SO far to fall as a nation, my friends. When #raisethedebtceiling posts looks like Zero Hedge, that's when we'll be on the right track.

Fri, 07/29/2011 - 10:50 | 1504759 Seasmoke
Seasmoke's picture

he was more late , than the time it took for him to speak that crap (cant say i blame him, if thats the best they could type into the telepromter)

Fri, 07/29/2011 - 10:50 | 1504760 Iriestx
Iriestx's picture

Mother fucking market is going green on Obama's blathering.  He's dropped the right keywords for the algos to signal that the ceiling will be raised.  Buy the dip becuase they're frontrunning the shit out of the announcement.

Fri, 07/29/2011 - 11:02 | 1504818 tip e. canoe
tip e. canoe's picture

every press conference so far on this has been full of code words to the boys.  and remember the grand daddy of tongue speak on the day of 666 in 3/09?

he's not speaking to us.  he's speaking to his pawns & his bishops.

Fri, 07/29/2011 - 10:54 | 1504779 campag
campag's picture

going to be hard being short over the weekend

thats it cause monday is good news day - problem solved

Fri, 07/29/2011 - 10:54 | 1504780 BCTwelve
BCTwelve's picture

wtf is going on in the /es's jesus

Fri, 07/29/2011 - 10:57 | 1504789 Silver Dreamer
Silver Dreamer's picture

Oh wait... here comes our next chance to drool...

Fri, 07/29/2011 - 10:58 | 1504793 firefighter302
firefighter302's picture

Obama actually said, "We are now running out of time... and it's important....to show leadership.

Show leadership?   Look in the mirror, Mr. President.  You are NOT leading. And YOU are the President and voted America's leader.

A Presidential failure, beyond words. 

Fri, 07/29/2011 - 10:58 | 1504797 JuicyTheAnimal
JuicyTheAnimal's picture

Let me get this straight. If you borrow more money and spend more money to pay interest on money you already spent because you are spending the rest of your income on other stuff then the money you are spending on the interest is not really money spent.  Well if it is money, and it is not spent then it must be money saved, right?  Now that I learned this secret I think I will call my credit card company and ask them to both raise my interest rate and my credit limit.  I will be rich.  Yayeeeeeeeeeeeeeeeeeeeeee!

 

AND THE MARKETS GO GREEN ON THIS NEW DISCOVERY!!!!  WTF???????????????????????

Fri, 07/29/2011 - 10:59 | 1504800 Byte Me
Byte Me's picture

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

Think I'll apply to change my handle to Stimpy...

Fri, 07/29/2011 - 10:59 | 1504803 Silver Dreamer
Silver Dreamer's picture

Drink

Vomit

Fri, 07/29/2011 - 11:14 | 1504816 g
g's picture

.

Fri, 07/29/2011 - 11:28 | 1504978 VisualCSharp
VisualCSharp's picture

I wish Zero Hedge would allow me to vote both ways.

Fri, 07/29/2011 - 11:03 | 1504821 oogs66
oogs66's picture

stocks think that was great news? 

Fri, 07/29/2011 - 11:06 | 1504848 depleted_bob
depleted_bob's picture

That was boring as hell... Tell your Congressman (s)he is a d1ck.

Fri, 07/29/2011 - 11:15 | 1504905 Landrew
Landrew's picture

E-Trade seems to be closed? Anyone else having problems?

Fri, 07/29/2011 - 11:48 | 1505069 anony
anony's picture

Once again, No thanks......Kim's bodacious breasts, Snooki's too, and then there's the antics of LiLO to keep up with.....All far more instructive than the Leader of the Free World (LOTFFLMAO)

Fri, 07/29/2011 - 12:00 | 1505115 jmc8888
jmc8888's picture

The extremist wants to pay off fraudulent debt over everything else.  Either by printing, or cutting, or taxing.  Or some combination thereof.

Now return you to your mindfuck from any of the extremists, republican, tea, democrat, or Obama

 

http://www.flickr.com/photos/59681483@N04/5988048148/

 

Fri, 07/29/2011 - 18:22 | 1506629 Monedas
Monedas's picture

Monedas would rather hang out with black people than Liberals ! Black Liberals like Obama are problematic for the socially challenged Monedas ! At least he's slightly better than ugly, black, Liberal bitches like Whoopi Goldberg ! It's not easy being the Monedas 2011 Homespun Humour Hoe Down

Fri, 07/29/2011 - 18:29 | 1506656 Monedas
Monedas's picture

Monedas Riddle:    How do you report the shooting of a prostitute by her pimp to 911 in Detroit ?  Monedas 2011 Riddle answer:  We's got a "ho down" !

Wed, 09/14/2011 - 04:08 | 1667193 chinawholesaler
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