Oblig:

Republicans, you kicked the can down the road hoping you would flip the white house and gain enough votes in the Senate. You failed, the American public rejected your plan. Hell the Ryan plan did more damage to you then it helped. Stop being babies and admit your policies suck. Obama appears to not be folding this time being both a lame duck and having the public on his side.

the only thing that can come from this for the Republicans is a further loss of the senior vote, way to alienate one of your strongest demographics

zedster: Republicans, you kicked the can down the road hoping you would flip the white house and gain enough votes in the Senate. You failed, the American public rejected your plan. Hell the Ryan plan did more damage to you then it helped. Stop being babies and admit your policies suck. Obama appears to not be folding this time being both a lame duck and having the public on his side.

the only thing that can come from this for the Republicans is a further loss of the senior vote, way to alienate one of your strongest demographics

I can't imagine the republicans gaining much ground with their cut to Medicare and raising the age for social security so they can protect tax cuts for "job creators" who haven't created a farking job in years already.

My recommendation for everyone with a portfolio is to sell all long term holdings that have decent gains, wait for the market to start tanking and buy in when everyone else is selling off.

This is getting predictable. Politicians stonewall until the market starts to tank, then come to an agreement and the market recovers. It's a good opportunity to make money off a crap situation.

He made a good point.

He was spot on in pointing out the bullshiat.

Too bad this will fall on deaf ears more focused on the blame-game over, you know, actually fixing the problem

Gwendolyn: zedster: Republicans, you kicked the can down the road hoping you would flip the white house and gain enough votes in the Senate. You failed, the American public rejected your plan. Hell the Ryan plan did more damage to you then it helped. Stop being babies and admit your policies suck. Obama appears to not be folding this time being both a lame duck and having the public on his side.

the only thing that can come from this for the Republicans is a further loss of the senior vote, way to alienate one of your strongest demographics

I can't imagine the republicans gaining much ground with their cut to Medicare and raising the age for social security so they can protect tax cuts for "job creators" who haven't created a farking job in years already.

Republicans seem to think if they waver or show cracks they will die, so they put up a united front. The more moderate Republicans getting eaten by Tea Partiers does give them reason to fear that. However, I think the tea party is now almost irrelevant, if it wasn't for gerrymandering the Republicans would have been devastated in this past election. They need to stop and listen to the public before because they are becoming a corporatist party, and even if corporations are people they cannot cast ballots yet

Otherwise Just Fine: This is getting predictable. Politicians stonewall until the market starts to tank, then come to an agreement and the market recovers. It's a good opportunity to make money off a crap situation.

Retail is scared this will kill this holiday season, that should keep some pressure on to solve this fast. Plus you have the defense establishment not wanting to get hit with the cuts. I have a feeling there will be more outside pressure on the GOP then on the Dems to solve this.

Gwendolyn: zedster: Republicans, you kicked the can down the road hoping you would flip the white house and gain enough votes in the Senate. You failed, the American public rejected your plan. Hell the Ryan plan did more damage to you then it helped. Stop being babies and admit your policies suck. Obama appears to not be folding this time being both a lame duck and having the public on his side.

the only thing that can come from this for the Republicans is a further loss of the senior vote, way to alienate one of your strongest demographics

I can't imagine the republicans gaining much ground with their cut to Medicare and raising the age for social security so they can protect tax cuts for "job creators" who haven't created a farking job in years already.

Obama said 5 million jobs were created in the last 4 years.......he even used those numbers in his campaign.

You dont thonk the poors created those jobs....do you?

"There's an asteroid headed towards the Earth. We made it and fired it at ourselves"

And the congressional republicans response to the crisis is to blame Obama from not stopping them from getting 98% of what they wanted.

zedster: Otherwise Just Fine: This is getting predictable. Politicians stonewall until the market starts to tank, then come to an agreement and the market recovers. It's a good opportunity to make money off a crap situation.

Retail is scared this will kill this holiday season, that should keep some pressure on to solve this fast. Plus you have the defense establishment not wanting to get hit with the cuts. I have a feeling there will be more outside pressure on the GOP then on the Dems to solve this.

And while I was hearing rumors yesterday that Obama may make concessions on taxes, I heard Carney say this morning "The president will not sign another extension of the Bush rates."

This may be the first time in my life that the Dems show a spine this rigid. I imagine we may not get the top TWO bracket rates rolled back, but getting the top one undone is a big step. I'm also eager to see what deductions fall by the wayside.

I also caught an interesting fact on WTOP yesterday evening - apparently, the US is one of the only first-world countries (if not the only one) that still has a mortgage interest deduction. Yes, it'd suck if we got rid of it, especially for new homeowners, but it appears that the rest of the developed world does just fine.

zedster: Gwendolyn: zedster: Republicans, you kicked the can down the road hoping you would flip the white house and gain enough votes in the Senate. You failed, the American public rejected your plan. Hell the Ryan plan did more damage to you then it helped. Stop being babies and admit your policies suck. Obama appears to not be folding this time being both a lame duck and having the public on his side.

the only thing that can come from this for the Republicans is a further loss of the senior vote, way to alienate one of your strongest demographics

I can't imagine the republicans gaining much ground with their cut to Medicare and raising the age for social security so they can protect tax cuts for "job creators" who haven't created a farking job in years already.

Republicans seem to think if they waver or show cracks they will die, so they put up a united front. The more moderate Republicans getting eaten by Tea Partiers does give them reason to fear that. However, I think the tea party is now almost irrelevant, if it wasn't for gerrymandering the Republicans would have been devastated in this past election. They need to stop and listen to the public before because they are becoming a corporatist party, and even if corporations are people they cannot cast ballots yet

According to a cnn poll 70% of americans want big cuts to spending while only 50% want higher taxes..... 51 is greater than 47 for obama and romney in the election but why is the 70% that want cuts being ignored.

this is 100 percent the fault of the republicans. one. hundred. percent.

if they would have simply passed the debt ceiling raise - as they have dozens of times before - there would be no "fiscal cliff." the debt ceiling raise simply authorizes congress to pay for spending it has already passed. it is what's known as a "pro forma" vote - a formality. or so it was up until last year, when republicans decided to hold the nation hostage by threatening not to pay our bills. and what did we get for their farking childish petulance? a credit downgrade, a market drop, and the fiscal farking cliff.

fark the republicans. fark all of them. they OWN this.

un4gvn666: Giltric: Gwendolyn: zedster: Republicans, you kicked the can down the road hoping you would flip the white house and gain enough votes in the Senate. You failed, the American public rejected your plan. Hell the Ryan plan did more damage to you then it helped. Stop being babies and admit your policies suck. Obama appears to not be folding this time being both a lame duck and having the public on his side.

the only thing that can come from this for the Republicans is a further loss of the senior vote, way to alienate one of your strongest demographics

I can't imagine the republicans gaining much ground with their cut to Medicare and raising the age for social security so they can protect tax cuts for "job creators" who haven't created a farking job in years already.

Obama said 5 million jobs were created in the last 4 years.......he even used those numbers in his campaign.

You dont thonk the poors created those jobs....do you?

Since we're asking rhetorical questions, who the hell do you think purchases all of the things that drive demand, and therefore, create jobs? The rich, who want for nothing? Or the poor and middle classes, who stretch every dollar to live?

I just spent 70k overhauling a king air....and 30k on landscaping before thanksgiving..... Whens the last time a poor person did that....

Keep pretending the wealthy dont spend a dime though.

Giltric: According to a cnn poll 70% of americans want big cuts to spending while only 50% want higher taxes

Which poll?

Giltric: I just spent 70k overhauling a king air....and 30k on landscaping before thanksgiving..... Whens the last time a poor person did that....

Keep pretending the wealthy dont spend a dime though.

Oh bless your heart.

Infernalist: Giltric: zedster: Gwendolyn: zedster: Republicans, you kicked the can down the road hoping you would flip the white house and gain enough votes in the Senate. You failed, the American public rejected your plan. Hell the Ryan plan did more damage to you then it helped. Stop being babies and admit your policies suck. Obama appears to not be folding this time being both a lame duck and having the public on his side.

the only thing that can come from this for the Republicans is a further loss of the senior vote, way to alienate one of your strongest demographics

I can't imagine the republicans gaining much ground with their cut to Medicare and raising the age for social security so they can protect tax cuts for "job creators" who haven't created a farking job in years already.

Republicans seem to think if they waver or show cracks they will die, so they put up a united front. The more moderate Republicans getting eaten by Tea Partiers does give them reason to fear that. However, I think the tea party is now almost irrelevant, if it wasn't for gerrymandering the Republicans would have been devastated in this past election. They need to stop and listen to the public before because they are becoming a corporatist party, and even if corporations are people they cannot cast ballots yet

According to a cnn poll 70% of americans want big cuts to spending while only 50% want higher taxes..... 51 is greater than 47 for obama and romney in the election but why is the 70% that want cuts being ignored.

400 billion in cuts are already on the table. You knew that, right?

The Spending Cuts Are Already On The Table. The Only Thing Left To Be Decided Are Tax Rates and Increases.

400 billion over 10 years is not enough...

SpectroBoy: Otherwise Just Fine: My recommendation for everyone with a portfolio is to sell all long term holdings that have decent gains, wait for the market to start tanking and buy in when everyone else is selling off.

This is getting predictable. Politicians stonewall until the market starts to tank, then come to an agreement and the market recovers. It's a good opportunity to make money off a crap situation.

Unless they reach a reasonable deal, in which case you miss the ride as things go up.

Market timing is usually a fools errand.

Usually, yes. Speculation is bad, investing based on value is good. But do you really think the GOP will cut a deal before the markets force them to?

It's easy to say "we really need to cut Defense", but when the plan to do so comes along suddenly it's a "fiscal cliff!!111!" and has to be avoided at all costs. We absolutely need the Bush Tax Cuts to expire, and we absolutely need Defense to be cut. I'm willing to pay slightly higher taxes to make that happen.

I say bring on the fiscal cliff.

Giltric: Infernalist:According to a cnn poll 70% of americans want big cuts to spending while only 50% want higher taxes..... 51 is greater than 47 for obama and romney in the election but why is the 70% that want cuts being ignored.

400 billion in cuts are already on the table. You knew that, right?

The Spending Cuts Are Already On The Table. The Only Thing Left To Be Decided Are Tax Rates and Increases.

400 billion over 10 years is not enough...

DRFS Rich:
If you're going to pull the rug out from a lot of middle-class folks on this, they need time to prepare accordingly.

As I understand it, all this fiscal cliff discussion pertains to next year, so the taxes you would pay in April of 2014.

zedster: Otherwise Just Fine: This is getting predictable. Politicians stonewall until the market starts to tank, then come to an agreement and the market recovers. It's a good opportunity to make money off a crap situation.

Retail is scared this will kill this holiday season, that should keep some pressure on to solve this fast. Plus you have the defense establishment not wanting to get hit with the cuts. I have a feeling there will be more outside pressure on the GOP then on the Dems to solve this.

The GOP is already hyperventilating about the defense cuts. The defense contractors are not amused.

bulldg4life: Giltric: Obama said 5 million jobs were created in the last 4 years.......he even used those numbers in his campaign.
You dont thonk the poors created those jobs....do you?

Does it make your eye twitch when you say something so idiotic that first year college students taking macro economics would laugh at you

Did those 1st year maceoeconomics students eventually buy a house they could afford based on potential raises they might recieve over the course of employment while holding the note?