July 30, 2011

President Fussbudget Uses the Awesome Power of His Weekly Address That Nobody Watches to Plead for His Electoral Future
— Dave in Texas

See what I did there?

Passing legislation is wasting time. You must pass legislation that does not bear the mark of your extremists, that does not address Washington's reckless spending, that allows us to continue to buy votes with your money.

Anything less would be irresponsible. And threaten (litany begins), Social Security Checks, Veterans, and Our Sacred Obligations to Federal Contractors*.

*full disclosure, I have some skin in the game on that last one.

I've watched Presidents use the bully pulpit for a long time. Can't remember the last time I saw one use it to say "I need this to get re-elected."

Maybe Nixon.

Anyway, whiny request for credit line increase below the fold.

Later this weekend we can talk some football, if anyone's so inclined.

via smitty_one_each

Posted by: Dave in Texas at 08:02 AM | Comments (114)
Post contains 167 words, total size 3 kb.

1 Obama's first!!!

Posted by: chris matthews at July 30, 2011 08:04 AM (oUG6f)

2 Sometimes I feel like Obama isn't up to the job.

Posted by: USS Diversity at July 30, 2011 08:06 AM (KbEJl)

3 Cannot stand to watch him, nor listen to his voice.

The synopsis was just fine with me.  I like it filtered through AOSHQ.

I eagerly await his defeat.

Posted by: I'm in a New York state of mind at July 30, 2011 08:06 AM (4sQwu)

4 Tony Romo sucks.

Posted by: Mr. Pink at July 30, 2011 08:07 AM (VidfH)

5 Oh, Jeezuth Christh!

Posted by: Mr. Slave at July 30, 2011 08:08 AM (8IAHO)

6

Posted by: Mr. Hat at July 30, 2011 08:08 AM (8IAHO)

7 Mom!  Mooaam!  The bad man is on the TV again.  Make it stop!

Posted by: Eric Cartman at July 30, 2011 08:09 AM (8IAHO)

8 I don't trust any dude who crosses their legs like that.

Posted by: Mssr. Maelstrom at July 30, 2011 08:10 AM (shIlr)

9 Sitting in the chair with his legs crossed.  What a Beta male!

Posted by: Bereans43 at July 30, 2011 08:11 AM (ASjv/)

10

Later this weekend we can talk some football, if anyone's so inclined.


*foot tapping impatiently*

Posted by: NC Ref at July 30, 2011 08:11 AM (/izg2)

11 I don't trust any dude who crosses their legs like that.
Yeah. I can't see His crotch like that.

Posted by: chris matthews at July 30, 2011 08:12 AM (oUG6f)

12 #7 Eric Cartman, now I want to re-edit Poltergeist.   When Carol-Ann turns around to intone "They're back..."  Instead of static on the TV, there is Barry.

Posted by: Anna Puma at July 30, 2011 08:13 AM (YndnO)

13

From the weakly address:

And make no mistake – for those who reflexively oppose tax increases on anyone, a lower credit rating would be a tax increase on everyone – we’d pay higher interest rates on mortgages, car loans, and credit cards.   Oh, now that's scary.   Wait. What?   My mortgage is fixed rate, my cars are paid for, and I carry no balance on any credit cards.   I guess I'm no longer a member of the "everyone" club.    But further -- higher interest rates on mortgages, car loans and credit cards = tax increase?

Posted by: hit and run at July 30, 2011 08:13 AM (o6VDc)

14 "His Weekly Address That Nobody Watches" C'mon - Chris Matthews watches it... With a tub of butter and a box of Kleenex

Posted by: BuckNutty at July 30, 2011 08:14 AM (vS4X4)

15 Later this weekend we can talk some football, if anyone's so inclined.

"Yes, please do! For the love of God, Montresor!"

Posted by: No Whining at July 30, 2011 08:14 AM (YAJZH)

16 Question. Is it against Obamacare if I use recylcing money to buy smokes?

Posted by: journolist at July 30, 2011 08:15 AM (Fb9Q0)

17

oops.  guess you can't copy and paste text in and keep the formatting.

From the weakly address:

"And make no mistake – for those who reflexively oppose tax increases on anyone, a lower credit rating would be a tax increase on everyone – we’d pay higher interest rates on mortgages, car loans, and credit cards."

Oh, now that's scary.

Wait. What?

My mortgage is fixed rate, my cars are paid for, and I carry no balance on any credit cards.

I guess I'm no longer a member of the "everyone" club.

But further -- higher interest rates on mortgages, car loans and credit cards = tax increase?

     

Posted by: hit and run at July 30, 2011 08:15 AM (o6VDc)

18 If he looks weak to us (and that's a forgone conclusion) imagine how his weakness is viewed to all those that seek to hurt us as a nation. Putting that aside, Obama's internals must really be in the toilet if he's having to use this debt ceiling fight as a pitch for his reelection. He was supposed to be the Messiah that we've all been waiting for you know. Looks like he knows that the economy is cooked and as such so is he.

Posted by: volfan at July 30, 2011 08:16 AM (Wv02x)

19 C'mon - Chris Matthews watches it... With a tub of butter and a box of Kleenex

Atleast he doesn't use pudding.

Posted by: Retread at July 30, 2011 08:17 AM (G+7cD)

20 19 C'mon - Chris Matthews watches it... With a tub of butter and a box of Kleenex

Atleast he doesn't use pudding.
Or government funded lunar yogurt.

Posted by: Anna Puma at July 30, 2011 08:18 AM (YndnO)

21

I don't trust any dude who crosses their legs like that.

Since there are no *ahem* obstructions, it's more comfortable.

Posted by: BackwardsBoy at July 30, 2011 08:18 AM (d0Tfm)

22 South Park is going to have a lot of material for next season.


And hey! Look at our elected representatives breaking a sweat over on C-Span. It's tough working naming a post office.


Posted by: As IF... at July 30, 2011 08:19 AM (piMMO)

23 A dude who crosses his legs on a Queen Anne chair well that's priceless, the chair that is.

Posted by: journolist at July 30, 2011 08:20 AM (Fb9Q0)

24 President Fussbudget Uses the Awesome Power of His Weekly Address That Nobody Watches to Plead for His Electoral Future

Former Cock of the Walk (Sometimes Mistaken for Spock), Squawks Out Another Talk While Flashing Some Sock

Audience Response: "What? That Sucker of Cock, Again?"

Posted by: No Whining at July 30, 2011 08:20 AM (YAJZH)

25 I've watched Presidents use the bully pulpit for a long time. Can't remember the last time I saw one use it to say "I need this to get re-elected."

Meh.  Barky used an extraordinary joint session of Congress for political reasons, to lie and try to force through his un-Constitutonal, un-American, uninteliigent health scare.  That was something ... though no on seemed to care too much about the repulsive abuse of power and perversion of the American system ...

Since Barky came to town, our politics is totally unrecognizable.  Not even Clinton was in the ballpark of these wild animals.  This is deep, lasting damage to our body politic and culture, in general.

Posted by: progressoverpeace at July 30, 2011 08:21 AM (G/MYk)

26 Football. My favorite.

So how're those Jays gonna do this season?

Posted by: president o'bumbles at July 30, 2011 08:21 AM (oUG6f)

27

But further -- higher interest rates on mortgages, car loans and credit cards = tax increase?

Nope. That's a direct and immediate cut in your paycheck. And when you add in the skyrocketing price of gas and the fact that groceries have just about doubled in price in the last four years or so, your purchasing power has gone in the crapper.

Also, real inflation, measured the good, old-fashioned way, is running around 10%, so you're getting a real time cut in your pay every day.

Posted by: BackwardsBoy at July 30, 2011 08:22 AM (d0Tfm)

28 progresso - exactly.

Posted by: journolist at July 30, 2011 08:22 AM (Fb9Q0)

29 Has anyone mentioned that Obama is a stuttering clusterfark of abysmal failure?

Posted by: RushBabe at July 30, 2011 08:22 AM (Ew27I)

30 If he looks weak to us (and that's a forgone conclusion) imagine how his weakness is viewed to all those that seek to hurt us as a nation.

That in itself is dangerous, but what they are also seeing is that the citizenry has had just about a damn 'nuff of it. My guess would be that between now and the swearing in of a new POTUS will be a most dangerous time. If someone is planning something big, they will want to launch it in advance of Obama handing over the reins to someone with a nutsack.

If you had to choose between pissing off a Carter or a Reagan, which would you choose?

Posted by: As IF... at July 30, 2011 08:23 AM (piMMO)

31 this prez could fart on camera and blame the republicans.... and MSNBC would throw together the need for corporate america to process less starch.

Posted by: journolist at July 30, 2011 08:24 AM (Fb9Q0)

32 DeMint must have loaned McConnell his spine, because McConnell just made Reid look like a pansy. Too bad it won't last...

Posted by: 80sBaby at July 30, 2011 08:24 AM (o2lIv)

33 Has anyone mentioned that Obama is a stuttering clusterfark of abysmal failure?

Even if they did it would be time to say it again.

Posted by: As IF... at July 30, 2011 08:24 AM (piMMO)

34 29 Has anyone mentioned that Obama is a stuttering clusterfark of abysmal failure?

Posted by: RushBabe at July 30, 2011 01:22 PM (Ew27I)

< I think you just did kiddo.

 

Posted by: journolist at July 30, 2011 08:24 AM (Fb9Q0)

35

In 5 years the halls of congress will be dinner theatres.

Posted by: journolist at July 30, 2011 08:25 AM (Fb9Q0)

36 >>Nope. That's a direct and immediate cut in your paycheck. Wait until we lose our AAA rating. That's going to be really, really painful.

Posted by: JackStraw at July 30, 2011 08:26 AM (TMB3S)

37 How many people actually watch Obama's weekly addresses?

Posted by: 80sBaby at July 30, 2011 08:28 AM (o2lIv)

38 I'm waiting for the dems to pull out the never before seen constitution scrolls --- just found at the UN.

Posted by: journolist at July 30, 2011 08:28 AM (Fb9Q0)

39 DeMint must have loaned McConnell his spine, because McConnell just made Reid look like a pansy. Too bad it won't last...

I may be crazy but something seems off about Reid. He's going through the motions. He using the talking points. Yet, it just doesn't seem as if his heart is in it. It rings a bit hollow and it makes me wonder if being summoned to the WH after negotiating a deal with Boehner hasn't started him to thinking about a few things.

These guys in D.C. have robust egos and enjoy the power of office. Being summoned by a co-equal member of government and then told to shut up and get in line behind his re-election cannot be sitting too comfortably.

Posted by: As IF... at July 30, 2011 08:28 AM (piMMO)

40

That's a direct and immediate cut in your paycheck.

Really?  My paycheck will go down if interest rates go up?  Immediately?

Yike.

 

Posted by: hit and run at July 30, 2011 08:29 AM (o6VDc)

41

From the weakly address:

"And make no mistake – for those who reflexively oppose tax increases on anyone, a lower credit rating would be a tax increase on everyone – we’d pay higher interest rates on mortgages, car loans, and credit cards."


Let's see, if I'm maxed out, can't pay what I owe now, and need to borrow more, it increases or retains my credit rating?

I'm going to the bank now, I want to borrow some money for a new car and a boat to save my credit rating

Posted by: kbdabear, 48er who asks simple questions at July 30, 2011 08:29 AM (Y+DPZ)

42 Once upon a time in Washington, a man filibustered his own bill.

Mel Brooks, call your office.

Posted by: AoSHQ's DarkLord at July 30, 2011 08:29 AM (Fs7RJ)

43 Wait until we lose our AAA rating. That's going to be really, really painful.

Meh.

The media will spin it as the best thing since the end of WWII, and it will be celebrated as... hmm.... let's see... a release of the obligations of the actually very restrictive AAA rating, which means.... opportunity for everyone! Obama is a genius!!eleventy!!

Happy Days are here again!

Posted by: shibiumi at July 30, 2011 08:29 AM (z63Tr)

44 11 I don't trust any dude who crosses their legs like that.
Yeah. I can't see His crotch like that.

Posted by: chris matthews at July 30, 2011 01:12 PM (oUG6f)

I'm thinkin' there's nothing to see.  That's why he sits like that.

Posted by: AmishDude at July 30, 2011 08:30 AM (73tyQ)

45 I don't really understand wtf is happening -- and I'm still inclined to think that if Allen West and Paul Ryan were willing to support it, Boehner's revised bill was probably one we should have wanted to see pass -- but I do think this whole crap is sticking to Obama in a big way. And not in a good way. My husband has a much lower tolerance for political news and he tends to be a pessimist, but he was saying this morning that he is starting to believe for the first time that Obama is headed toward an election loss, unless he does something really quick to change the trend. We just need to not blow it. I am disappointed that Boehner went from seeming like the competent adult to a clueless failure in just a few hours with the need to revise the flawed bill. And I have even less confidence in the Senate, where the GOP is really littered with squishes and political opportunists. So I really don't know what to hope for at this point.

Posted by: Y-not at July 30, 2011 08:31 AM (XiC+y)

46 Wait a minute, he says that we need a bipartisan solution?  Does he not remember Obamacare? I believe it's a prerequisite for liberals to be infected with a high dose of cognitive dissonance.

Posted by: Capitalist Infidel at July 30, 2011 08:31 AM (MnFzn)

47 And for the record, I am no longer capable of taking any of this tragicomic passion play seriously.  F--- Nevada, F--- Washington, Screw you guys, I'm going home...

Posted by: AoSHQ's DarkLord at July 30, 2011 08:31 AM (Fs7RJ)

48 Does anyone know to which Nixon speech/presser(s) DiT is referring, btw?

Posted by: Y-not at July 30, 2011 08:32 AM (XiC+y)

49

Yes of course the rating agencies, they are critical to the wheels of commerce.

They were all over the derivative thing.

Posted by: journolist at July 30, 2011 08:32 AM (Fb9Q0)

50 "...hold us captive to Washington politics once again..." And just what in the FUCK is your message, Asshole? FUCKING POLITICS.

Getting sick of this motherfucker.

Posted by: Tickbeard at July 30, 2011 08:32 AM (lHdBc)

51 8 I don't trust any dude who crosses their legs like that. Posted by: Mssr. Maelstrom at July 30, 2011 01:10 PM

But he never loses the perfect crease (fap fap fap)

Posted by: David "Big Boy Pants" Brooks at July 30, 2011 08:33 AM (Y+DPZ)

52 I can't even watch that dickhead for more than one minute. I damned near put my first through the monitor. The ugliest thing about him, for me, is that the site and sound of him makes me completely lose my sense of humor for about a half hour.

Posted by: Warden at July 30, 2011 08:34 AM (KulgD)

53 Applying logic to this theatre of lunacy.... is like a fish riding a bicycle.

Posted by: journolist at July 30, 2011 08:35 AM (Fb9Q0)

54 Maybe he just come out and say it: 'If you like your debt, you can keep your debt.'

Posted by: MJ at July 30, 2011 08:35 AM (BKOsZ)

55 site=sight. See? He makes me so enraged that I can't even type straight.

Posted by: Warden at July 30, 2011 08:35 AM (KulgD)

56 Football. My favorite.

So how're those Jays gonna do this season?

Ha! The Jays!

I wonder if he'll pull out a Superbowl Shuffle reference or two, maybe mention The Refrigerator or Payton, in an attempt to woo the bitter-clingers this season.

Posted by: As IF... at July 30, 2011 08:36 AM (piMMO)

57 Happy Days are here again!

Posted by: shibiumi

I really hated that TV show.

Posted by: Reader C.J. Burch writes.... at July 30, 2011 08:36 AM (sJTmU)

58 "speak with ya"... No, Sir, you are speaking to people. No one is speaking back. There is a requirement to this with ya bullshit. It involves listening. Asshole.

Posted by: Tickbeard at July 30, 2011 08:36 AM (lHdBc)

59

That's a direct and immediate cut in your paycheck.

Really?  My paycheck will go down if interest rates go up?  Immediately?

Yike.

 Posted by: hit and run at July 30, 2011 01:29 PM

Unlike tax cuts, which you get more because the government doesn't have to pay you, and that money can be invested in your future.

See? That's why I'm the Smartest Man Ever to Walk the Earth.  Eleven dimensional chess while you play checkers



Posted by: King Barry the Grownup at July 30, 2011 08:36 AM (Y+DPZ)

60 We're probably going to lose our AAA rating whether Congress raises the debt ceiling or not. The debt ceiling isn't the problem and never was. It's the debt itself. Foreign countries are beginning to figure out that the spendthrifts in charge of this mess have no intention of paying it back, ever.

That makes us a bad credit risk. When companies (or countries) think you're a bad credit risk the result isn't pretty.

Posted by: Lee at July 30, 2011 08:37 AM (BD1aO)

61 Wait until we lose our AAA rating. That's going to be really, really painful.

Posted by: JackStraw at July 30, 2011 01:26 PM (TMB3S)

The funny part is that it's going to be more painful for most of the rest of the world, who will also have to be re-evaluated based on their dependence on the US dollar and assumption of the dollar's AAA quality.  It is, after all, the basis of the global financial system and those assumptions are, also.

All of the US ratings talk is a really poor joke that the ratings agencies ought to be slapped down on, big time.  Thy jumped in to this for political reasons (claiming the bullshit default scenario) and then had to slowly back into a "ratings downgrade of the foundation of the global financial system, just coincidentally around the same time that a negotiation over something that won't have any real effect on the US creditworthiness other than to possibly strengthen it ..." mode that is quite out-of-place, now.

Posted by: progressoverpeace at July 30, 2011 08:37 AM (G/MYk)

62 39 I may be crazy but something seems off about Reid. He's going through the motions. He using the talking points. Yet, it just doesn't seem as if his heart is in it. It rings a bit hollow and it makes me wonder if being summoned to the WH after negotiating a deal with Boehner hasn't started him to thinking about a few things....

I agree, he's definitely being pressured by Obama but it seems like there's something else. Schumer now routinely stands behind Reid (publicly) and feeds him lines.

Posted by: 80sBaby at July 30, 2011 08:37 AM (o2lIv)

63

Warden ---- I hear ya brother.

We are truly in the land of freak. Some may even call it the precursor to chaos.

Posted by: journolist at July 30, 2011 08:37 AM (Fb9Q0)

64 Being summoned by a co-equal member of government and then told to shut up and get in line behind his re-election cannot be sitting too comfortably.

I've thought that since Harry was asking why he, the Senate majority leader, did not know of the economic plan Barry was floating.  Harry is dense and dingy, but even he must know the Dems face an electoral beatdown of biblical proportion in the next two cycles. 

Posted by: pep at July 30, 2011 08:38 AM (6TB1Z)

65 Assuming we don't blow it.  And yeah, Chuckie is sharpening the knife.  He thought leader was his in '10.

Posted by: pep at July 30, 2011 08:40 AM (6TB1Z)

66 NFL Free Agent Live Tracker

And fuck Nnamdi's agent who knew he was gonna sign with the Eagles and strung everyone else along.

Posted by: kbdabear at July 30, 2011 08:41 AM (Y+DPZ)

67 I've thought that since Harry was asking why he, the Senate majority leader, did not know of the economic plan Barry was floating.  Harry is dense and dingy, but even he must know the Dems face an electoral beatdown of biblical proportion in the next two cycles.

President Dipshit seems to think he is running a corporation wherein he is the president and CEO and the congress are his team of V.P.s.

Constitutional scholar my ass!

Posted by: As IF... at July 30, 2011 08:41 AM (piMMO)

68 Schumer now routinely stands behind Reid (publicly) and feeds him lines.

Posted by: 80sBaby

And I think he has his hand up his ass. Schumer is a true believer.  Reid is a jackwagon and jerk, but I honestly believe if it was up to him and Boehner, they could work up a compromise to resolve this, that wouldn't make ALL of us throw up.

Posted by: Reader C.J. Burch writes.... at July 30, 2011 08:42 AM (sJTmU)

69 Anything less would be irresponsible. And threaten (litany begins), Social Security Checks, Veterans, and Our Sacred Obligations to Federal Contractors*. *full disclosure, I have some skin in the game on that last one. Don't worry about that.. The MFM never divulge's their party affiliation.. (although it may as well be an open secret) I'm of the opinion they should if they report on the political scene..

Posted by: Dave C at July 30, 2011 08:42 AM (idSAM)

70 One of the many tricks in Reid's bill:

Deeming the FY 2012 and 2013 budgets

Posted by: 80sBaby at July 30, 2011 08:43 AM (o2lIv)

71 >>Yes of course the rating agencies, they are critical to the wheels of commerce. >>They were all over the derivative thing. Pretty much nobody was all over the derivative thing. And I don't give the ratings agencies much credit for smarts, but their ratings do carry weight.

Posted by: JackStraw at July 30, 2011 08:44 AM (TMB3S)

72 Oh, and on C-Span they are up ad running again.

Posted by: As IF... at July 30, 2011 08:44 AM (piMMO)

73 I agree, he's definitely being pressured by Obama but it seems like there's something else. Schumer now routinely stands behind Reid (publicly) and feeds him lines.

Posted by: 80sBaby at July 30, 2011 01:37 PM (o2lIv)

Just to illustrate what a total unlikeable creep Schumer is, Reid is a friendly and likeable face in comparison.

Posted by: AmishDude at July 30, 2011 08:44 AM (73tyQ)

74 and

Posted by: As IF... at July 30, 2011 08:44 AM (piMMO)

75 Has anyone mentioned that Obama is a stuttering clusterfark of abysmal failure?
No. I haven't seen Michelle this morning.

Posted by: president o'bumbles at July 30, 2011 08:45 AM (oUG6f)

76 ClaytonESPN: Kyle Orton deal is dead. He got a $1.5 million bonus

Who would give Kyle Orton a bonus like that and still eat without dribbling peas all over himself?

Posted by: kbdabear at July 30, 2011 08:45 AM (Y+DPZ)

77 One of the many tricks in Reid's bill:

Deeming the FY 2012 and 2013 budgets

Posted by: 80sBaby

 

Gee, that will go over well with the Republicans in the House. Since they are debating the "Reid" bill under the suspension of rules, it will require a 2/3 vote to pass.  Will it get over 190 votes?  Hahahahahahaha.......

Posted by: Reader C.J. Burch writes.... at July 30, 2011 08:45 AM (sJTmU)

78 Wait a minute, he says that we need a bipartisan solution?  Does he not remember Obamacare?

Posted by: Capitalist Infidel at July 30, 2011 01:31 PM (MnFzn)

And that's another reason why this fight SHOULD have been over the repeal of ObamaCare.  That would have tied everything together.

But, no ....

Posted by: progressoverpeace at July 30, 2011 08:45 AM (G/MYk)

79 Oddly enough, the only time we hear from Pelosi is when she has some totally freaky thing to say.  Weasel Zipper had a quote of Scarborough  saying that many dems think Obama is over his head.  I have a feeling that Reid, Pelosi, and the rest, know they are watching their careers go down the tube with Obamas'-because of Obama.

Posted by: at July 30, 2011 08:46 AM (6IV8T)

80 >>We're probably going to lose our AAA rating whether Congress raises the debt ceiling or not. The debt ceiling isn't the problem and never was. It's the debt itself. Foreign countries are beginning to figure out that the spendthrifts in charge of this mess have no intention of paying it back, ever. Yep. It was real fun being scolded by the Chinese this week for our fiscal irresponsibility.

Posted by: JackStraw at July 30, 2011 08:47 AM (TMB3S)

81 66 Assuming we don't blow it.  And yeah, Chuckie is sharpening the knife.  He thought leader was his in '10.

Yes, Schumer, Durbin, and Levin are ready and waiting.

Posted by: 80sBaby at July 30, 2011 08:47 AM (o2lIv)

82 I have a feeling that Reid, Pelosi, and the rest, know they are watching their careers go down the tube with Obamas'-because of Obama.

Even the tiniest bit of admiration I once had for them based upon the fact that, twisted though they may be, they were at least true believers is now gone.  They are now just oozing gobs of wet goo.

BTW, I hate this Jim McGovern shit based upon having to look at him on C-Span right now. He's a shit.

Posted by: As IF... at July 30, 2011 08:50 AM (piMMO)

83

Levin is an old man.  Michigan may yet turn against him.

Durbin is dolt and an imbecile.  But he's from Illinois and will probably be a Senator until he croaks.

Fear Schumer - he is a ruthless and unprincipled asshole. Always has been, always will be.

Posted by: Reader C.J. Burch writes.... at July 30, 2011 08:51 AM (sJTmU)

84 Reid, Pelosi, and the rest, know they are watching their careers go down the tube with Obamas'-because of Obama.

Yeah, you look at Pelosi and you see only the confused blink of incomprehension as to how she ended up where she is now.  Well, confused incomprehension anyway.

Posted by: pep at July 30, 2011 08:51 AM (6TB1Z)

85 AdamSchefter: Eagles already are referring to themselves as "The Dream Team"

"The Recurring Nightmare Team" every January, no matter how hot in December, one and out

Posted by: kbdabear at July 30, 2011 08:53 AM (Y+DPZ)

86 The AAA rating is not the end all that they have tried to make it out to be. It do4sn not control the interest rates of the T-Bills.

That is controlled by the government and the buyers at the auctions. The auctions bid the return of T-Bills and they go to the highest bidder that the government can get at the interest rates the gov is willing to pay.

During the past year the buyers have not been willing to buy at the gov offered minimum interest. In short, nobody is buying. So the government (the Fed) is buying them. This QE-I and QE-II. We are simply printing money.

What the AAA rating does do is provide a benchmark for institutional investors who are not allowed to buy anything with a lower rating. Of course, they are probably not buying T-Bills either because regardless of rating, they aren't paying shit.

Each year that the gov spends more than it takes in it has to print more money or find a buyer. Until they show some fiscal responsibility there will be no buyers. So more printing until it spirals out of control. This debt ceiling fight was the last chance to get control of it.

Posted by: Vic at July 30, 2011 08:55 AM (M9Ie6)

87 Wow this Obama Earthling is quite a dick.

Posted by: Your average Martian on his first visit at July 30, 2011 08:57 AM (lCYfm)

88 84 Levin is an old man.  Michigan may yet turn against him.

Durbin is dolt and an imbecile.  But he's from Illinois and will probably be a Senator until he croaks.

Fear Schumer - he is a ruthless and unprincipled asshole. Always has been, always will be.


Levin and Durbin are useful to the Dems because they are good demagogues who are also tacticians (though not brilliant). But yes, Schumer is the worst of them all, and (in addition to other qualities) he effectively uses fear to cow his colleagues.

Posted by: 80sBaby at July 30, 2011 08:57 AM (o2lIv)

89 Did we ever find out what caused the black eye and facial bruising that he had a while ago? Could it be he is not feeling to well, or is he drinking? inquiring minds need to know.

Posted by: jainphx at July 30, 2011 09:01 AM (DnyW5)

90
Weiner was Schumer's protegé.


Posted by: lolsoothsayer at July 30, 2011 09:02 AM (bdVwE)

91
Jon Kyl gave the Republican response. I didn't like the beginning, but then it got really good.


Posted by: lolsoothsayer at July 30, 2011 09:04 AM (bdVwE)

92

Levin and Durbin are useful to the Dems because they are good demagogues who are also tacticians (though not brilliant). But yes, Schumer is the worst of them all, and (in addition to other qualities) he effectively uses fear to cow his colleagues.

Posted by: 80sBaby at July 30, 2011 01:57 PM

Not to mention that every time Goldman Sachs farts, Schmuckie gets his hair blow dried

Posted by: kbdabear at July 30, 2011 09:06 AM (Y+DPZ)

93 I fell and hit my head. Right, Michelle?

Posted by: president o'bumbles at July 30, 2011 09:08 AM (oUG6f)

94 Not to mention that every time Goldman Sachs farts, Schmuckie gets his hair blow dried

Posted by: kbdabear at July 30, 2011 02:06 PM (Y+DPZ)

Okay ... that's just fucking disgusting.  Sure, I laughed heartily ... but at what cost?

Posted by: progressoverpeace at July 30, 2011 09:08 AM (G/MYk)

95 he effectively uses fear to cow his colleagues.
Go, Cornell, go! Moo-moo, Cows!

Posted by: queef olbermann at July 30, 2011 09:09 AM (oUG6f)

96 Yeah Chucky Schumer is the one to watch.  He has the morals of a shark coupled with the vicious cunning of a mobster.

Posted by: Anna Puma at July 30, 2011 09:12 AM (t7caZ)

97 He has the morals of a shark coupled with the vicious cunning of a mobster.

Not to mention the physiognomy of a ferret.

Posted by: pep at July 30, 2011 09:14 AM (6TB1Z)

98 My mother would say, "I'm going to wipe that smirk right off your face!"


Posted by: PJ at July 30, 2011 09:20 AM (FlVA8)

99 98, LOL.  There is that slightly redeeming feature....

Posted by: Anna Puma at July 30, 2011 09:27 AM (t7caZ)

100 Not to mention that every time Goldman Sachs farts, Schmuckie gets his hair blow dried

Posted by: kbdabear at July 30, 2011 02:06 PM (Y+DPZ)

They must be passing wet ones because that oily fuck's hair always looks like it's been dunked in STP.

I'm sure Mark Levin would howl at your comment.

Posted by: Captain Hate at July 30, 2011 09:45 AM (zsvKP)

101 I can't remember the last time I was so disinclined to hear another human being speak.  Gilbert Gottfried has got nothing on O'bumbles.

Posted by: Z as in Jersey at July 30, 2011 09:50 AM (sXUiz)

102 Since when has this Administration cared for Federal Contractors? From the day JEF took office, the Feds started canceling contracts and replacing the people with federal employees. I work for a small business that depends on federal contracts for the majority of our revenue. EVERY ONE of our existing contracts either were cancelled or the options were not exercised. New work is hard to find. My company has laid off half its employees and the rest of us are working half time, hoping to outlast this administration. The danger to federal contractors is this Administration, not the debt ceiling battle!!! There, I feel better now. I've been steamed ever since JEF mentioned contractors in his speech the other day.

Posted by: Scott - Former Federal Contractor at July 30, 2011 09:50 AM (7VXM9)

103 Dave in Texas, Scott:

Are the Feds somewhat late, or later than usual, in paying you guys?  They seem to be late(r) in paying me.  One other small firm is having the same experience.  I don't think this has anything to do with the current issues necessarily, just standard bureaucratic inertia, but I'm curious.

Posted by: Skookumchuk at July 30, 2011 09:58 AM (btzPD)

104

Later this weekend we can talk some football, if anyone's so inclined.

TCU and Boise State in the same conference!

Posted by: FireHorse at July 30, 2011 10:00 AM (gTGz3)

105 There, I feel better now. I've been steamed ever since JEF mentioned contractors in his speech the other day.

Posted by: Scott - Former Federal Contractor at July 30, 2011 02:50 PM (7VXM9)

All the commie fucks hate contractors of the feds.  I did some subcontracting for Lockheed Martin doing disabled vets' checks to correct the VA's fuckups for the DoD in Cleveland (the most boring, mind-deadening shit I've ever done but the money was pretty fucking good) and the people that were fed employees were fairly friendly with me.  But that little cocksucker Kucinich hated my and every other contractor's existence because that diminished the little jizzmop's power base.  After the project I was on was over, I heard that Lockheed Martin got the axe; which I'm sure was just a coincidence with El JEFe on top of the shitheap.

Posted by: Captain Hate at July 30, 2011 10:17 AM (zsvKP)

106 Stolen from FreeRepublic:

RE: "We Do Not Have AAA Political System To Match Our AAA Credit Rating"

He doesn’t actually have a degree in anything. His diplomas — if he has any — aren’t worth the paper they’re written on. He was waved through at every stage of his academic life because of his skin color. The only thing he learned was how to fool guilty dumb white pseudo-intellectuals into thinking he had something worthwhile to offer. He rode that horse all the way to the White House, in large part due to the fact that virtually the entire MSM is populated by guilty dumb white pseudo-intellectuals.

He probably got his early training in this art by learning to manipulate his mother, who was a guilty dumb white pseudo-intellectual on a good day.

Posted by: ExExZonie at July 30, 2011 11:11 AM (9gvjb)

107 Somewhere in Washington, a woman is careening in circles from a botched boob job.

Posted by: Fritz at July 30, 2011 11:13 AM (p2IBw)

108 Ummm... if the interest on my adjustable rate mortgage goes up (and teh bernanke had been making noises about that anyway), sure, that increases my mortgage payment (and forces me to send more money to the owner of the mortgage) but doesn’t it decrease my taxes because of the mortgage interest deduction? Am I missing something? Other than liberals can’t do math?

Posted by: ExExZonie at July 30, 2011 11:14 AM (9gvjb)

109 ExExzonie:  One of the goals of the current political class is to eliminate the mortgage intrest deduction.

Posted by: rabidfox at July 30, 2011 01:08 PM (0Uhcu)

110 If someone is planning something big, they will want to launch it in advance of Obama handing over the reins to someone with a nutsack.

Exactly correct. Completely and totally.

Posted by: Chariots of Toast at July 30, 2011 02:39 PM (XyjRQ)

111 Excellent blog, thanks for the share. I'll be a regular viewer.

Posted by: Fire and Rain AudioBook at July 30, 2011 03:56 PM (SU+B4)

112 I'd cast Obama as Nero if they ever make another movie featuring a weak kneed, limp wristed, moron, like Nero.

Posted by: Molon Labe at July 30, 2011 09:47 PM (g5MrG)

113 GHD UK Yangtze river north of the Japanese to land the fight. Then from xian to Shanghai, appointed GuZhuTong shophach the third war zone, chief deputy commander responsible for command the situation. MBT Shoes Sale Zhang zhizhon g were later the temporary headquarters, GuZhuTong crowded go back to suzhou, for the third war zone frustrated by the temporary commander in chief, is responsible for the command 8.13 section resistance. Shanghai However, two battles resistance spent three months in Shanghai, MBT Shoes

Posted by: GHD Straighteners at July 30, 2011 10:12 PM (aLmvz)

114 And nero and obama were both liberals as well

Posted by: Spurwing Plover at July 31, 2011 06:17 AM (vA9ld)

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