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White House Would Consider "Couple Of Days" Extension, Short-Term Deal

Tyler Durden's picture




 

The latest headlines as they flash by:

  • Carney Says Obama Would Consider ‘Couple of Days’ Extension
  • Says short-term deal would give time to finish debate.
  • Carney Says Treasury Could Give Update ‘This Weekend’ on Plans

It is unclear what a few day extension would achieve, aside from a rating adowngrade but it is enough to get the headline scanning robots ramping higher again.

 

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Fri, 07/29/2011 - 13:29 | 1505575 lolmao500
lolmao500's picture

Time for the gov to sell some tungsten or some national parks to their buddies on the cheap.

Fri, 07/29/2011 - 13:39 | 1505641 gmrpeabody
gmrpeabody's picture

We're not kicking the can at all..., meerly nudging it with our toe!

Fri, 07/29/2011 - 13:57 | 1505720 TruthInSunshine
TruthInSunshine's picture

We should allow Wall Street to draft Congress, with no salary caps.

The salaries paid for congressmen/congresswomen can go into the Amerika Fund, which will provide tents and gruel to Amerikans.

If Congress is already bought and paid for by Wall Street anyways, why not?

It's a thought.

Fri, 07/29/2011 - 14:41 | 1505778 Thomas
Thomas's picture

Two more days of this nonsense, and I am going to slice my wrists.

Fri, 07/29/2011 - 23:55 | 1507232 StychoKiller
StychoKiller's picture

Right idea, wrong wrists.

Fri, 07/29/2011 - 14:23 | 1505813 flattrader
flattrader's picture

Just google Grand Canyon and uranium mining.

Fri, 07/29/2011 - 16:56 | 1506428 Buck Johnson
Buck Johnson's picture

I'll do that.

Fri, 07/29/2011 - 13:32 | 1505585 Cognitive Dissonance
Cognitive Dissonance's picture

Sublime meet stupid.........again.

Fri, 07/29/2011 - 13:40 | 1505645 carbonmutant
carbonmutant's picture

Extenze for a short term deal...

Fri, 07/29/2011 - 14:13 | 1505766 bigdumbnugly
bigdumbnugly's picture

a couple of days here, a couple of days there...  next thing you know it's armaggedon already.

Fri, 07/29/2011 - 13:32 | 1505589 bugs_
bugs_'s picture

its not really a debate so much as a fight

a couple days extension LOL - now they are just trying to get through the month

so the government is now in a situation like a lot of americans - month to month

i remember thinking to myself - another month...IN THE BAG - made it....next up....NEXT MONTH

Fri, 07/29/2011 - 13:36 | 1505616 HelluvaEngineer
HelluvaEngineer's picture

Seriously.  Perhaps they should consider a payday lender.  Or maybe they have an old Honda sitting around.

http://titlemax.biz/

Fri, 07/29/2011 - 13:32 | 1505591 YesWeKahn
YesWeKahn's picture

They really need another 2 years to finish the debate

Fri, 07/29/2011 - 13:47 | 1505669 DonnieD
DonnieD's picture

I'm beginning to think this was orchestrated to take our eye off the abysmal GDP number. That seems to be a far bigger problem in the long run.

Fri, 07/29/2011 - 13:49 | 1505683 smlbizman
smlbizman's picture

i'm sure having harry reid calling the tea party people extremist, like a hundred times, will help...what a pussy

Fri, 07/29/2011 - 14:33 | 1505858 Blano
Blano's picture

Yeah saw that.  Reid calling someone extreme is the ultimate hypocrisy.

Fri, 07/29/2011 - 13:33 | 1505600 GeneMarchbanks
GeneMarchbanks's picture

Obama folds like the best of lawn chairs.

Fri, 07/29/2011 - 13:36 | 1505620 andybev01
andybev01's picture

Or deck chair.

Fri, 07/29/2011 - 13:40 | 1505646 redpill
redpill's picture

Shhhh!  The band is about to start playing my favorite song...

Fri, 07/29/2011 - 13:43 | 1505662 andybev01
andybev01's picture

Thankfully congress is so full of hot air that we can use them as flotation devices.

Fri, 07/29/2011 - 13:34 | 1505604 pods
pods's picture

Just a few bucks, till I get back on my feet.  I promise I will pay you back. I am good for it.

pods

Fri, 07/29/2011 - 13:34 | 1505608 Transitory Anomaly
Transitory Anomaly's picture

Short-Term Deal

Obama blinked, he decided to eat his peas.

Fri, 07/29/2011 - 13:35 | 1505609 andybev01
andybev01's picture

Dude, it would be totally cool if you could front me until payday.

Fri, 07/29/2011 - 14:32 | 1505853 DosZap
DosZap's picture

Man, I'm really short,family emergency, could you give me an advance on my next check?

Fri, 07/29/2011 - 18:33 | 1505867 andybev01
andybev01's picture

That's one big-ass family.

Perhaps you could take a loan against your 401k?

Fri, 07/29/2011 - 13:35 | 1505610 marcusfenix
marcusfenix's picture

just when you think DC can't possibly get any more retarded...

Fri, 07/29/2011 - 13:39 | 1505643 andybev01
andybev01's picture

They have yet to reach 'full' in my opinion.

Fri, 07/29/2011 - 13:35 | 1505612 lieutenantjohnchard
lieutenantjohnchard's picture

so he would consider an extension of a few days as if he had any choice. guess he's trying to stay relevant.

Fri, 07/29/2011 - 13:38 | 1505614 emsolý
emsolý's picture

Extend and pretend is always and everywhere a banana republic phenomenon.

Fri, 07/29/2011 - 13:38 | 1505625 DavidC
DavidC's picture

This is ridiculous.

Default only comes if the Treasury defaults on its interest (and any principal) payments. Most of the other Governmental outgoings are discretionary (such as Congress salaries).

As the tax revenue exceeds the interest (and principal) payments, if there is a default it is going to be an overt decision to do so.

Fri, 07/29/2011 - 13:38 | 1505626 monmick
monmick's picture

Is that a "couple of days" as in: "We will be in Libyia for a couple of days"?

Fri, 07/29/2011 - 13:39 | 1505642 redpill
redpill's picture

Days not weeks!

 

Fri, 07/29/2011 - 14:53 | 1505931 pods
pods's picture

Well, we used the pea shooter.  That was the problem.  

pods

Fri, 07/29/2011 - 13:38 | 1505627 DonnieD
DonnieD's picture

This is like the 6th grader who starts his science experiment the night before it's due.

Fri, 07/29/2011 - 13:48 | 1505673 marcusfenix
marcusfenix's picture

yeah, more like weeks after it's due, but still expects full credit for turning in an outline of a purposed science experiment that the student will most likely never really finish...

Fri, 07/29/2011 - 13:54 | 1505707 AhhhItBurns
AhhhItBurns's picture

And yet expects to keep the AAA grade, even though little time, effort, or insight was put into this 'project'.

Fri, 07/29/2011 - 13:41 | 1505634 bob_dabolina
bob_dabolina's picture

Isn't this like the ECB allowing Greece to temporarily default? Whatever that means....

We have crossed the rubicon bitchez. 

We default today, but I swear, I got the money, tomorrow is the day.

Fri, 07/29/2011 - 13:42 | 1505655 lizzy36
lizzy36's picture

Yes it is exactly like greece.

Carney is saying Obama is all good with a "liability management exercise" for a couple of days.

Fri, 07/29/2011 - 13:50 | 1505674 bob_dabolina
bob_dabolina's picture

Sounds like Thain managing "legacy assests" if you ask me 

It's all bullshit entering my right eardrum, crossing my temporal lobe, and exiting my left eardrum. 

The level of BS is crossing the surreal dimension

Fri, 07/29/2011 - 14:02 | 1505733 GeneMarchbanks
GeneMarchbanks's picture

Ahhh Greece, remember Greece? Whatever happened there anyways?

Fri, 07/29/2011 - 13:39 | 1505637 oldman
oldman's picture

This is as close as  President Obama can come to copying the Turkish military and Spain's Zapateros in resigning his government.

Is this guy 'the Great Negotiator' or not?

Exactly like not having a government and, not a bad idea after all; might take some time to get used to though.

Fri, 07/29/2011 - 13:41 | 1505649 rubearish10
rubearish10's picture

All I could say is, how many times have we been "on the verge" of a major move to fix all this (big down)? Then, for some reason the "Big Stick Save" arrives and shuts off the spigot for the trip to The Hamptons! I mean WTFF? There was a time when all this mattered. Now, we're here only for amusement. 

Fri, 07/29/2011 - 13:41 | 1505653 carbonmutant
carbonmutant's picture

Please save my administration....lol

Fri, 07/29/2011 - 14:00 | 1505727 ZeroAffect
ZeroAffect's picture

OK, the check is in the mail, or will be on or before Hades freezes over. 

Fri, 07/29/2011 - 13:42 | 1505654 mynhair
mynhair's picture

So the relentless ramp into EOD has begun.  Please vacate the tracks, the choo-choo is a'coming.

Fri, 07/29/2011 - 13:48 | 1505672 SheepDog-One
SheepDog-One's picture

What need for QE?

Fri, 07/29/2011 - 13:58 | 1505723 hambone
hambone's picture

You know, I know, my dog knows that the BB put is out there...QE3 (in whatever form) is just around the corner now.  Everybody rushing to set up their nets with which to catch all the free money from the next helicopter drop.

Fri, 07/29/2011 - 14:08 | 1505755 SheepDog-One
SheepDog-One's picture

Thats what everyone totaly expects, and it wont happen.

Fri, 07/29/2011 - 14:18 | 1505796 hambone
hambone's picture

SD1 - when you suggest there will be no further QE...well you are suggesting that market discipline will be allowed to return, true mis-priced assets allowed to find true value, and deflation to run it's course.  This may be what you and I would like to see but the reality is TPTB would lose literally everything if this were to happen.  Divorce what you want (sanity, progress, etc.) from the reality of our leaders (pretend, lie, extend).

Fri, 07/29/2011 - 20:00 | 1506884 Papasmurf
Papasmurf's picture

It's not free money, it's your savings account being distributed from helicopters.

Fri, 07/29/2011 - 13:48 | 1505675 Milton Waddams
Milton Waddams's picture

You know if I were president, as a sign of good faith I would refuse a salary and pay any benefits out of my own pocket.  I would also make a huge public spectacle of the decision. Instead the current president seems to enjoy gloating about being a millionaire ... 'millionaires, like myself, don't pay enough in taxes.  rich people - did I mention I'm rich - are getting off too easy.  i'm a millionaire and people like me are simply not bearing the appropriate burden.'  

Fri, 07/29/2011 - 13:52 | 1505689 youngandhealthy
youngandhealthy's picture

Milton....if you are telling us the truth about your wealth....I'm 100% with you...

It's just that I cant pay tax in the US (but taking my share elsewhere)

Fri, 07/29/2011 - 13:53 | 1505702 ZeroAffect
ZeroAffect's picture

Milton: 'millionaires, like myself, don't pay enough in taxes.  rich people - did I mention I'm rich - are getting off too easy.  i'm a millionaire and people like me are simply not bearing the appropriate burden.'  

OK, mon. Sell all you own and give it to the poor. That might assauge the obvious guilt you're projecting in your above statment. Do it, you'll feel better in the morning.

Fri, 07/29/2011 - 13:59 | 1505726 LawsofPhysics
LawsofPhysics's picture

Hey retard, he was quoting the president, he wasn't saying he was rich.  Typical comment for an ignorant sheep who does not bother with details. Unfortunately for you, attention to detail is all that matters.  Better head back to that read and comprehension class from second grade moron.

Fri, 07/29/2011 - 14:15 | 1505782 ZeroAffect
ZeroAffect's picture

Hey, LoP, it was directed at POTUS. As for Milton, he didn't say in so many words he was rich, but he did say he'd refuse the salary and pay his own benefits IF he were POTUS, a noble gesture.

Fri, 07/29/2011 - 13:55 | 1505710 DCFusor
DCFusor's picture

Yes to that one, and all of congress too, since it's obvious we're not getting our money's worth on their paychecks alone (and the rest, cheesh).  And as we all know, there's that button where you can voluntarily just give the IRS any amount of money you want, no questions asked...so all these rich guys who *say* that crap, time to go push that button.  You first.

 

Me, I'd be happy just to be able to tap their comms to get trading info off.  How about they recuse themselves from the insider trading they do?

Fri, 07/29/2011 - 13:55 | 1505713 andybev01
andybev01's picture

I suppose that nouveau is better than no riche, although only the insecure brag about it.

Fri, 07/29/2011 - 13:48 | 1505676 chet
chet's picture

Did hthey not learn from giving Congress a Aug. 2nd date and watching them chew up every second on the clock?  If you offer Congress "a couple of days" they'll take it.

Fri, 07/29/2011 - 13:49 | 1505680 youngandhealthy
youngandhealthy's picture

Tyler has it right....its a trigger (floor) for the computers into the weekend.

I can easily spin it the other way that is is Boehner that is blinking and need more time.

(or Obama giving more rope to Boehner :-)   )

Fri, 07/29/2011 - 13:58 | 1505724 andybev01
andybev01's picture

Careful or they might end up like David Carradine.

Fri, 07/29/2011 - 14:07 | 1505754 youngandhealthy
youngandhealthy's picture

Ahhh...  :-)   so they are playing a little kinky xxx-game here...

Fri, 07/29/2011 - 14:22 | 1505809 andybev01
andybev01's picture

They do say that power is the ultimate aphrodisiac.

Fri, 07/29/2011 - 13:49 | 1505684 TideFighter
TideFighter's picture

O'Whimpy: "I'll Gladly pay you Tuesday for a Hamburger today!"

 

 

Fri, 07/29/2011 - 13:50 | 1505686 oogs66
oogs66's picture

since we can't possibly reach a deal in time, and now realize we need to, we will give ourselves a couple of extra days and pretend we are heroes.  who is buying stocks on this crap?

Fri, 07/29/2011 - 13:52 | 1505694 mynhair
mynhair's picture

Dunno, but am sorely tempted to jump on TMV.

Fri, 07/29/2011 - 13:55 | 1505709 slaughterer
slaughterer's picture

Who is buying?  The bots.  Guranteed green close. 

Fri, 07/29/2011 - 13:52 | 1505692 Brian
Brian's picture

Is this even possible?

Would the House give a "no-strings-attached" extension for a few days?

I hope so, since it means a few more days of market deterioration and fear and disgust, before the inevitable of being back to exactly the same spot we were before the "few day extension," but what do I know?

Fri, 07/29/2011 - 13:53 | 1505693 Brian
Brian's picture

duplicate

Fri, 07/29/2011 - 13:53 | 1505698 Dr. Hannibal Lecter
Dr. Hannibal Lecter's picture

What does a couple of days do?  Allows ObaMao to go to his birthday bash.

Fri, 07/29/2011 - 13:54 | 1505705 Burgess Shale
Burgess Shale's picture

I will gladly pay you tuesday for a hamburger today.

Fri, 07/29/2011 - 13:54 | 1505706 Caviar Emptor
Caviar Emptor's picture

You mean Uncle Sugar is gonna pay for our party this weekend?? Booyah!

Fri, 07/29/2011 - 13:56 | 1505715 infinity8
infinity8's picture

O, Hell NO!!! Please stop adding extra episodes of this, PLEASE. . . my head will explode!

Fri, 07/29/2011 - 13:59 | 1505725 Sophist Economicus
Sophist Economicus's picture

Default means "Never having to have to say you're sorry"...

Fri, 07/29/2011 - 14:14 | 1505774 bob_dabolina
bob_dabolina's picture

This is more like child support (too late for sorry)

18 years and we're free and clear....till' then your wages are garnished

Fri, 07/29/2011 - 14:00 | 1505729 John McCloy
John McCloy's picture

  Carney: "The President is Considering The South Park Plan"

http://www.youtube.com/watch?v=1QWyg50K4MU

 

 

Fri, 07/29/2011 - 14:03 | 1505737 Inibo E. Exibo
Inibo E. Exibo's picture

I feel all fluttery inside.  It seems this will never end.

Fri, 07/29/2011 - 14:25 | 1505824 andybev01
andybev01's picture

Alka-Seltzer might help that.

Fri, 07/29/2011 - 14:08 | 1505748 mynhair
mynhair's picture

F it.  Beer time.  Dumping TNA to pay for it.  $4 is good enough.

Fri, 07/29/2011 - 14:11 | 1505772 infinity8
infinity8's picture

I'd be drinkin' right now but, if we close green, I'm going to vomit (and then start drinking). Not gonna waste my liquor.

Fri, 07/29/2011 - 14:07 | 1505752 oa92000
oa92000's picture

Somebody drops a bomb in Washington, that will wake them up..

Fri, 07/29/2011 - 14:10 | 1505758 Smiley
Smiley's picture

My tin foil hat is tingling.  I'm thinking they are going to keep presenting a ton of revisions in the hopes that nobody will notice the Constitutional amendment mandating a balanced budget getting sidelined and removed altogether.  They are trying to stoke so much fear that the public will demand the anything get passed; it just so happens it won't include the balanced budget amendment.

 

THERE'S FUCKERY AFOOT!!!

Fri, 07/29/2011 - 14:09 | 1505760 Caviar Emptor
Caviar Emptor's picture

I trust the bankers and the politicians to arrive at the best possible decision regarding our economic well-being /src

Fri, 07/29/2011 - 14:24 | 1505816 CrashisOptimistic
CrashisOptimistic's picture

He'll accept 2 weeks, and he'll also accept 6 months, because that's all that's going to pass.

Fri, 07/29/2011 - 14:32 | 1505843 slewie the pi-rat
slewie the pi-rat's picture

 

 

  • it couldn't be bullshit?
  • now we can understand why they didn't do this sometime in the last, say, six weeks?
  • is john boehner funny, or what?
  • now he has to come up with a new bill for the democrats because...? 
  • the prezident says so?
  • well, this is fine, then, because there is now no question that anyone in this congress would do anything as "unacceptable" as refusing to raise the debt ceiling.  right?
  • The Huge Freaking Whatever?
  • BiChez?
Fri, 07/29/2011 - 14:41 | 1505885 nah
nah's picture

republinazis and dumbocrats $300 billion... 2 weeks, priceless

Fri, 07/29/2011 - 14:58 | 1505943 Jim in MN
Jim in MN's picture

WHITE HOUSE SAYS INTENT ON SOWING MAXIMUM CHAOS

WH PLAN IS TO SELL OUT ALL CRITICAL ASSETS TO CHINA AND OLIGARCHS

WHITE HOUSE BELIEVES US MIDDLE CLASS ASPIRATIONS ARE "CHARMING AND RIDICULOUS"

Fri, 07/29/2011 - 15:40 | 1506119 glenlloyd
glenlloyd's picture

When the addicted start bargaining it's just about over.

Fri, 07/29/2011 - 15:50 | 1506159 darkstar7646
darkstar7646's picture

Aug 3: Massive Social Security payment.

That's what a "couple of days" would buy. It would probably prevent Obama (if he chose not to honor the 8/3 checks) from having to declare martial law by about noon on 8/4, at best.

Fri, 07/29/2011 - 16:59 | 1506435 Buck Johnson
Buck Johnson's picture

Spot on, spot on.  I said almost the same thing on another OP about wha the 2 days would buy.  He would be able to get out the monthy SS and such payments and then they can continue on.  The last thing that Obama wants to do is to not pay the SS checks.  Because if he doesn't pay them then even his democratic allies would go with whatever the Republicans want in order to get elected next year and/or not get challenged on a primary.  Obama doesn't want a defection of his own party senators and house people when they see how much their constituents are demanding their money.

Fri, 07/29/2011 - 21:41 | 1507032 wwwmm
wwwmm's picture

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Fri, 07/29/2011 - 21:48 | 1507067 wwwmm
wwwmm's picture

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Sat, 07/30/2011 - 10:05 | 1507571 Birddog
Birddog's picture

Armageddon postponed few days...stay tuned

Wed, 09/14/2011 - 04:08 | 1667197 chinawholesaler
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