If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CBS News)   "The budget battle: What the heck is going on in D.C.?" Well, when two parties hate each other very much, they tend to disagree on how the country should be run. To the point that working together is nothing short of treason   (cbsnews.com) divider line 157
    More: Obvious, Patty Murray, Senate Budget Committee, House Budget Committee, federal government  
•       •       •

706 clicks; posted to Politics » on 13 Mar 2013 at 8:44 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



157 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread

First | « | 1 | 2 | 3 | 4 | » | Last | Show all
 
2013-03-13 08:18:38 AM
Compromise isn't good TV, which then doesn't sell ad space, and we all know politics is about who can have the higher news channel rating.
 
2013-03-13 08:23:38 AM

WTF Indeed: Compromise isn't good TV, which then doesn't sell ad space, and we all know politics is about who can have the higher news channel rating.


No no, compromise is terrible because then the Democrats win
 
2013-03-13 08:25:11 AM

somedude210: No no, compromise is terrible because then the Democrats win


I thought compromise was terrible because then the Republicans win?
 
2013-03-13 08:30:30 AM

WTF Indeed: somedude210: No no, compromise is terrible because then the Democrats win

I thought compromise was terrible because then the Republicans win?


I'm not so sure, I mean Obama is willing to compromise with spending cuts

...but then again, he is the best Republican president we've had since 1972

/Nixon had decent policies if you look past his MASSIVE paranoia
 
2013-03-13 08:34:39 AM

somedude210: I'm not so sure, I mean Obama is willing to compromise with spending cuts


So what you're saying here, if I think I hear you right, is that compromise means giving up something to get something?  Well that's just crazy talk.  How is a Congressman supposed to go on Hannity or Maddow and say they kicked the other guy's ass like a conquering high school debate club junior?
 
2013-03-13 08:38:29 AM

WTF Indeed: somedude210: I'm not so sure, I mean Obama is willing to compromise with spending cuts

So what you're saying here, if I think I hear you right, is that compromise means giving up something to get something?  Well that's just crazy talk.  How is a Congressman supposed to go on Hannity or Maddow and say they kicked the other guy's ass like a conquering high school debate club junior?


by saying they got what they wanted and not reveal what they had to accept to get it? Screw it, we're all boned
 
2013-03-13 08:43:31 AM

somedude210: by saying they got what they wanted and not reveal what they had to accept to get it? Screw it, we're all boned


I guess there's nothing left to do but wait for the hordes to come in here and tell us why compromise can't exist in a democracy.  So how about that local sports team?
 
2013-03-13 08:47:51 AM

WTF Indeed: I guess there's nothing left to do but wait for the hordes to come in here and tell us why compromise can't exist in a democracy. So how about that local sports team?


You want to co-found a new party with me? Where compromise isn't a reason for execution?

eh, Bruins lost last night. Sox will probably blow again this year.
 
2013-03-13 08:49:12 AM
thepoliticalcarnival.net

SInce Congress failed to make a deal at the sequester deadline, triggering sequestration, the Dow Jones industrial average has had 8 straight days of gains, setting all-time record highs for six straight days.  Indeed our country is imperiled.

The deadline was Thursday, February 28th.  Congress failed to reach agreement on that day.  The winning streak began precisely on Friday, March 1st and the markets haven't gone down since.
 
2013-03-13 08:51:02 AM

somedude210: You want to co-found a new party with me? Where compromise isn't a reason for execution?


Nah, as a democrat I'm a sucker for changing things from the inside. It's a blessing and a curse.

Rangers looked idiots and the Yankees might have the best rotation in the AL and one of the worst lineups this year. Which will be a nice change of pace from the last decade.
 
2013-03-13 08:51:04 AM

SlothB77: [thepoliticalcarnival.net image 456x281]

SInce Congress failed to make a deal at the sequester deadline, triggering sequestration, the Dow Jones industrial average has had 8 straight days of gains, setting all-time record highs for six straight days.  Indeed our country is imperiled.

The deadline was Thursday, February 28th.  Congress failed to reach agreement on that day.  The winning streak began precisely on Friday, March 1st and the markets haven't gone down since.


Cuz if the sequestration is going to affect anyone, its investors
 
2013-03-13 08:51:56 AM
The Republicans haven't accepted that they lost the election. They're still pushing the same agenda voters rejected last November. The only way to enact the policies the majority of Americans voted for is to remove the Republicans from power.
 
2013-03-13 08:53:49 AM

SlothB77: SInce Congress failed to make a deal at the sequester deadline, triggering sequestration, the Dow Jones industrial average has had 8 straight days of gains, setting all-time record highs for six straight days.  Indeed our country is imperiled.

The deadline was Thursday, February 28th.  Congress failed to reach agreement on that day.  The winning streak began precisely on Friday, March 1st and the markets haven't gone down since.


Rich people still winning. News at 11.
 
2013-03-13 08:53:55 AM

SlothB77: [thepoliticalcarnival.net image 456x281]

SInce Congress failed to make a deal at the sequester deadline, triggering sequestration, the Dow Jones industrial average has had 8 straight days of gains, setting all-time record highs for six straight days.  Indeed our country is imperiled.

The deadline was Thursday, February 28th.  Congress failed to reach agreement on that day.  The winning streak began precisely on Friday, March 1st and the markets haven't gone down since.


THIS!!!

/is not how the sequester works.
 
2013-03-13 08:56:05 AM

SlothB77: [thepoliticalcarnival.net image 456x281]

SInce Congress failed to make a deal at the sequester deadline, triggering sequestration, the Dow Jones industrial average has had 8 straight days of gains, setting all-time record highs for six straight days.  Indeed our country is imperiled.

The deadline was Thursday, February 28th.  Congress failed to reach agreement on that day.  The winning streak began precisely on Friday, March 1st and the markets haven't gone down since.


shiat takes time to have the impact felt. If you go outside in a hurricane that hasn't started picking up yet, are you gonna go "well it's not gail-force winds, so it's nothing", no you wait to see how bad it's going to be.
 
2013-03-13 08:56:39 AM
You guys are engaging in class warfare by pointing out that the sequester will affect people who work for a living before it affects investors.
 
2013-03-13 08:57:22 AM

SlothB77: [thepoliticalcarnival.net image 456x281]

SInce Congress failed to make a deal at the sequester deadline, triggering sequestration, the Dow Jones industrial average has had 8 straight days of gains, setting all-time record highs for six straight days.  Indeed our country is imperiled.

The deadline was Thursday, February 28th.  Congress failed to reach agreement on that day.  The winning streak began precisely on Friday, March 1st and the markets haven't gone down since.


lol do Republicans understand lagging indicators?
 
2013-03-13 08:57:50 AM

TFerWannaBe: You guys are engaging in class warfare by pointing out that the sequester will affect people who work for a living before it affects investors.


It's class warfare to suggest that those who work for a living are even really people.
 
2013-03-13 08:59:13 AM

NateGrey: SlothB77: [thepoliticalcarnival.net image 456x281]

SInce Congress failed to make a deal at the sequester deadline, triggering sequestration, the Dow Jones industrial average has had 8 straight days of gains, setting all-time record highs for six straight days.  Indeed our country is imperiled.

The deadline was Thursday, February 28th.  Congress failed to reach agreement on that day.  The winning streak began precisely on Friday, March 1st and the markets haven't gone down since.

lol do Republicans understand lagging indicators?


I think that Republicans on Fark have trouble with the concept of time itself; it should be no surprise that "lagging" is beyond them.
 
2013-03-13 09:01:04 AM

Tomahawk513: THIS!!!

/is not how the sequester works.


sequester is making government smaller.  markets like smaller governments - they are more business-friendly.  markets respond to sequester by attracting more investment and growing.  this will lead to more jobs - indeed last week's unemployment numbers showed dramatic improvement - and economic rebound.

Republicans get the credit.

If the sequester was going to be as bad as everyone predicted it would be, you definitely wouldn't see this kind of response from the stock markets.
 
2013-03-13 09:03:06 AM

SlothB77: Republicans get the credit.


Weren't Republicans saying the Sequester was Obama's idea?
 
2013-03-13 09:03:19 AM

SlothB77: Tomahawk513: THIS!!!

/is not how the sequester works.

sequester is making government smaller.  markets like smaller governments - they are more business-friendly.  markets respond to sequester by attracting more investment and growing.  this will lead to more jobs - indeed last week's unemployment numbers showed dramatic improvement - and economic rebound.

Republicans get the credit.

If the sequester was going to be as bad as everyone predicted it would be, you definitely wouldn't see this kind of response from the stock markets.


So now the sequester is the Republican's brilliant plan?
 
2013-03-13 09:03:49 AM

NateGrey: lol do Republicans understand lagging indicators?


stock markets are current values of future performance.  they predict the future.  once sequester was triggered, current values of future performance went up.
 
2013-03-13 09:04:09 AM
The stock market is infallible, and investors would never make errors based on overly optimistic predictions.
 
2013-03-13 09:04:48 AM

SlothB77: sequester is making government smaller. markets like smaller governments - they are more business-friendly. markets respond to sequester by attracting more investment and growing. this will lead to more jobs - indeed last week's unemployment numbers showed dramatic improvement - and economic rebound.


Sequester went into affect on March 1st. That jobs report ended on February 28th, therefore it didn't reflect anything from the sequester.

you understand that an unregulated market (as what you think a smaller government will grant)  is what got us into this financial mess, right? Or are concepts like this and how time works too much to ask for your brain to handle?
 
2013-03-13 09:06:40 AM

TFerWannaBe: The stock market is infallible, and investors would never make errors based on overly optimistic predictions.


that and the stock market has seen half a dozen of these crisis from the American government and just doesn't give a rat's ass anymore
 
2013-03-13 09:09:39 AM

NateGrey: SlothB77: Republicans get the credit.

Weren't Republicans saying the Sequester was Obama's idea?


weren't the democrats denying so and saying it was John Boehner's plan?

No?

www.slate.com

I got this image from your own post from another thread.
 
2013-03-13 09:13:56 AM

NateGrey: SlothB77: [thepoliticalcarnival.net image 456x281]

SInce Congress failed to make a deal at the sequester deadline, triggering sequestration, the Dow Jones industrial average has had 8 straight days of gains, setting all-time record highs for six straight days.  Indeed our country is imperiled.

The deadline was Thursday, February 28th.  Congress failed to reach agreement on that day.  The winning streak began precisely on Friday, March 1st and the markets haven't gone down since.

lol do Republicans understand lagging indicators?


They kept two wars off the books for 7 years, what do you think?
 
2013-03-13 09:16:04 AM

somedude210: you understand that an unregulated market (as what you think a smaller government will grant) is what got us into this financial mess, right? Or are concepts like this and how time works too much to ask for your brain to handle?


So the financial markets in 2008-2009 were unregulated?  I was unaware of that.  There were quite a lot of regulations in place during those years and the ones preceding them.  Enforcement of existing regulations was an issue.  If the existing laws at that time had been followed and enforced, there never would have been a housing bubble.
 
2013-03-13 09:20:26 AM

SlothB77: NateGrey: SlothB77: Republicans get the credit.
Weren't Republicans saying the Sequester was Obama's idea?weren't the democrats denying so and saying it was John Boehner's plan?No?[www.slate.com image 568x305] I got this image from your own post from another thread.


You are all over the place, didnt you say this the same day?

SlothB77: Wasn't this Obama's original idea? didn't we have a thread on this? Link

But you said earlier Republicans should get the credit? It was in Boner's power point. The image stands.
 
2013-03-13 09:21:27 AM

SlothB77: somedude210: you understand that an unregulated market (as what you think a smaller government will grant) is what got us into this financial mess, right? Or are concepts like this and how time works too much to ask for your brain to handle?

So the financial markets in 2008-2009 were unregulated?  I was unaware of that.  There were quite a lot of regulations in place during those years and the ones preceding them.  Enforcement of existing regulations was an issue.  If the existing laws at that time had been followed and enforced, there never would have been a housing bubble.


actually we kinda repealed the Glass-Stegal act in '99 which opened up the banking industry to start putting money into really crappy investments, then when those investments went south, the banks lost money and the people they borrowed the money from (which were protected from such actions under the GS Act) lost their money because the bank went bellyup. That coupled with the unregulated sub-prime mortgage sub-industry within the banking industry absolutely decimated this economy.
 
2013-03-13 09:25:15 AM

SlothB77: So the financial markets in 2008-2009 were unregulated?  I was unaware of that.  There were quite a lot of regulations in place during those years and the ones preceding them.  Enforcement of existing regulations was an issue.  If the existing laws at that time had been followed and enforced, there never would have been a housing bubble.


So because criminals found ways to ignore existing regulations, we should have less regulations?
 
2013-03-13 09:25:57 AM

SlothB77: [thepoliticalcarnival.net image 456x281]

SInce Congress failed to make a deal at the sequester deadline, triggering sequestration, the Dow Jones industrial average has had 8 straight days of gains, setting all-time record highs for six straight days.  Indeed our country is imperiled.

The deadline was Thursday, February 28th.  Congress failed to reach agreement on that day.  The winning streak began precisely on Friday, March 1st and the markets haven't gone down since.


something something correlation something causation something

moran
 
2013-03-13 09:27:12 AM

NateGrey: SlothB77: [thepoliticalcarnival.net image 456x281]

SInce Congress failed to make a deal at the sequester deadline, triggering sequestration, the Dow Jones industrial average has had 8 straight days of gains, setting all-time record highs for six straight days.  Indeed our country is imperiled.

The deadline was Thursday, February 28th.  Congress failed to reach agreement on that day.  The winning streak began precisely on Friday, March 1st and the markets haven't gone down since.

lol do Republicans understand lagging indicators?


The stock market is considered a leading indicator.
 
2013-03-13 09:28:04 AM

insano: SlothB77: So the financial markets in 2008-2009 were unregulated?  I was unaware of that.  There were quite a lot of regulations in place during those years and the ones preceding them.  Enforcement of existing regulations was an issue.  If the existing laws at that time had been followed and enforced, there never would have been a housing bubble.

So because criminals found ways to ignore existing regulations, we should have less regulations?


that's the argument against any sort of regulation for guns (such as background checks). We have laws against murder, yet murders happen every day. Why should we have laws against murder then? (According to Republican logic)
 
2013-03-13 09:28:16 AM

SlothB77: somedude210: you understand that an unregulated market (as what you think a smaller government will grant) is what got us into this financial mess, right? Or are concepts like this and how time works too much to ask for your brain to handle?

So the financial markets in 2008-2009 were unregulated?  I was unaware of that.  There were quite a lot of regulations in place during those years and the ones preceding them.  Enforcement of existing regulations was an issue.  If the existing laws at that time had been followed and enforced, there never would have been a housing bubble.


The existing laws were followed. Upon Glass-Steagall's gradual erosion and eventual repeal in the 1990s, banks and investment firms no longer had to be separate. So banks could gobble each other up, open up or merge with investment brokerages, and begin speculating on the very loans they'd lent to others. I know because I was there in the thick of it in the mid-00s. I used to work for Citimortage as a loan auditor. All we did in my division was take loans Citi had bought from smaller banks or had lent themselves, and sell them in bundles to Freddie Mac, Fannie Mae and Ginnie Mae. Very little was kept for in-house financing. Most of it was through selling off the loans in bundles. I was getting $1000+ bonuses atop my check every pay period, because business was that good. Even from my little peon position, I knew there was no way people could keep borrowing money and buying houses at that price level forever. Sure enough in 2007 I watched the bubble finally pop. Thankfully I was in the Air Force then and didn't have own a house, and was single, so I missed the worst of the recession.

Everything Citimortgage was doing though was 100% legal, and that was the problem.
 
2013-03-13 09:30:12 AM
One party is willing to compromise and has offered a reasonable deal.  One side is unwilling to offer 1 cent in tax increases.  These sides are not equally responsible for the lack of action.
 
2013-03-13 09:30:54 AM

verbaltoxin: SlothB77: somedude210: you understand that an unregulated market (as what you think a smaller government will grant) is what got us into this financial mess, right? Or are concepts like this and how time works too much to ask for your brain to handle?

So the financial markets in 2008-2009 were unregulated?  I was unaware of that.  There were quite a lot of regulations in place during those years and the ones preceding them.  Enforcement of existing regulations was an issue.  If the existing laws at that time had been followed and enforced, there never would have been a housing bubble.

The existing laws were followed. Upon Glass-Steagall's gradual erosion and eventual repeal in the 1990s, banks and investment firms no longer had to be separate. So banks could gobble each other up, open up or merge with investment brokerages, and begin speculating on the very loans they'd lent to others. I know because I was there in the thick of it in the mid-00s. I used to work for Citimortage as a loan auditor. All we did in my division was take loans Citi had bought from smaller banks or had lent themselves, and sell them in bundles to Freddie Mac, Fannie Mae and Ginnie Mae. Very little was kept for in-house financing. Most of it was sold off in bundles. I was getting $1000+ bonuses atop my check every pay period, because business was that good. Even from my little peon position, I knew there was no way people could keep borrowing money and buying houses at that price level forever. Sure enough in 2007 I watched the bubble finally pop. Thankfully I was in the Air Force then and didn't own a house, and was single, so I missed the worst of the recession.

Everything Citimortgage was doing though was 100% legal, and that was the problem.


FTFM
 
2013-03-13 09:32:01 AM

SlothB77: Tomahawk513: THIS!!!

/is not how the sequester works.

sequester is making government smaller.  markets like smaller governments - they are more business-friendly.  markets respond to sequester by attracting more investment and growing.  this will lead to more jobs - indeed last week's unemployment numbers showed dramatic improvement - and economic rebound.

Republicans get the credit.

If the sequester was going to be as bad as everyone predicted it would be, you definitely wouldn't see this kind of response from the stock markets.


It's not like the markets had already been on a winning streak the entire farking year already or anything.

Is it painful to be as wilfully ignorant as you are?
 
2013-03-13 09:35:00 AM

theknuckler_33: NateGrey: SlothB77: [thepoliticalcarnival.net image 456x281]

SInce Congress failed to make a deal at the sequester deadline, triggering sequestration, the Dow Jones industrial average has had 8 straight days of gains, setting all-time record highs for six straight days.  Indeed our country is imperiled.

The deadline was Thursday, February 28th.  Congress failed to reach agreement on that day.  The winning streak began precisely on Friday, March 1st and the markets haven't gone down since.

lol do Republicans understand lagging indicators?

The stock market is considered a leading indicator.


You are right, but in terms of the sequester/future unemployment rates the stock market hasnt reacted yet.
 
2013-03-13 09:35:31 AM

theknuckler_33: SlothB77: Tomahawk513: THIS!!!

/is not how the sequester works.

sequester is making government smaller.  markets like smaller governments - they are more business-friendly.  markets respond to sequester by attracting more investment and growing.  this will lead to more jobs - indeed last week's unemployment numbers showed dramatic improvement - and economic rebound.

Republicans get the credit.

If the sequester was going to be as bad as everyone predicted it would be, you definitely wouldn't see this kind of response from the stock markets.

It's not like the markets had already been on a winning streak the entire farking year already or anything.

Is it painful to be as wilfully ignorant as you are?


First, thanks for getting me to look up leading and lagging indicators.

Second, yes let's see what the stock market is doing by 3rd quarter this year. Personally I think it'll still be doing well, but my guess is as good as any other supposed Wall Street analyst that routinely pulls things out their asses.
 
2013-03-13 09:36:34 AM

NateGrey: theknuckler_33: NateGrey: SlothB77: [thepoliticalcarnival.net image 456x281]

SInce Congress failed to make a deal at the sequester deadline, triggering sequestration, the Dow Jones industrial average has had 8 straight days of gains, setting all-time record highs for six straight days.  Indeed our country is imperiled.

The deadline was Thursday, February 28th.  Congress failed to reach agreement on that day.  The winning streak began precisely on Friday, March 1st and the markets haven't gone down since.

lol do Republicans understand lagging indicators?

The stock market is considered a leading indicator.

You are right, but in terms of the sequester/future unemployment rates the stock market hasnt reacted yet.


No argument here.
 
2013-03-13 09:36:51 AM
No, the GOP isn't "winning" the argument over sequester

* 72 percent of Americans, including 74 percent of independents and 81 percent of moderates, disapprove of the Congressional GOP.

* Americans disapprove of the sequester cuts by 53-39; 64 percent say they'll hurt the economy; 60 percent say they'll hurt the government's ability to provide basic services; and 69 percent say they'll hurt the military.

* Americans hold Congressional Republicans responsible for the sequester cuts by 47-33.


Link

But Republicans should get...credit?
 
2013-03-13 09:39:26 AM
Considering that the GOP's first two "Budgets" consisted of defunding a program that doesn't exist and repealing Obamacare... The Democrats should consider themselves lucky if their next one isn't just "OBAMA IS A DOODYHEAD" scribbled in blue crayon on the back of a Teletubbies colouring book.

/"When one party hates another party," subby, not "When two parties hate eachother."
//If you can find any fault with the Democrats here, you're retarded.
 
2013-03-13 09:40:18 AM

somedude210: That coupled with the unregulated sub-prime mortgage sub-industry within the banking industry absolutely decimated this economy.


Well, when mortgage companies tried to tighten the standards for the people they were lending to, the left screamed racism.
 
2013-03-13 09:40:31 AM

verbaltoxin: theknuckler_33: SlothB77: Tomahawk513: THIS!!!

/is not how the sequester works.

sequester is making government smaller.  markets like smaller governments - they are more business-friendly.  markets respond to sequester by attracting more investment and growing.  this will lead to more jobs - indeed last week's unemployment numbers showed dramatic improvement - and economic rebound.

Republicans get the credit.

If the sequester was going to be as bad as everyone predicted it would be, you definitely wouldn't see this kind of response from the stock markets.

It's not like the markets had already been on a winning streak the entire farking year already or anything.

Is it painful to be as wilfully ignorant as you are?

First, thanks for getting me to look up leading and lagging indicators.

Second, yes let's see what the stock market is doing by 3rd quarter this year. Personally I think it'll still be doing well, but my guess is as good as any other supposed Wall Street analyst that routinely pulls things out their asses.


FWIW, a close friend of mine works at a (relatively) small investment bank and he says the analysts there generally think a short term (~4 months) pull back is likely (~10%), but that they are very bullish on the 2nd half of this year.

meh, I suppose it is as good a guess as any.
 
2013-03-13 09:43:33 AM

SlothB77: somedude210: That coupled with the unregulated sub-prime mortgage sub-industry within the banking industry absolutely decimated this economy.

Well, when mortgage companies tried to tighten the standards for the people they were lending to, the left screamed racism.


Jesus, the concept of time really is completely beyond your comprehension, isn't it? How do you function is society if you cannot tell the difference between 2013 and 2001-2007?
 
2013-03-13 09:44:53 AM

theknuckler_33: .

FWIW, a close friend of mine works at a (relatively) small investment bank and he says the analysts there generally think a short term (~4 months) pull back is likely (~10%), but that they are very bullish on the 2nd half of this year.

meh, I suppose it is as good a guess as any.


Indeed it is, if my years of reading investment "analysis" tells me anything about the profession.
 
2013-03-13 09:45:20 AM
verbaltoxin:

I used to work for Citimortage as a loan auditor. All we did in my division was take loans Citi had bought from smaller banks or had lent themselves, and sell them in bundles to Freddie Mac, Fannie Mae and Ginnie Mae the American Taxpayer.

FTFM

FTFY
 
2013-03-13 09:55:51 AM

SlothB77: SInce Congress failed to make a deal at the sequester deadline, triggering sequestration, the Dow Jones industrial average has had 8 straight days of gains, setting all-time record highs for six straight days.  Indeed our country is imperiled.

The deadline was Thursday, February 28th.  Congress failed to reach agreement on that day.  The winning streak began precisely on Friday, March 1st and the markets haven't gone down since.


Who wouldn't trust the markets to predict where the economy is going after they did such a great job predicting the 2008 downturn?
 
Displayed 50 of 157 comments

First | « | 1 | 2 | 3 | 4 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is closed to new comments.

Continue Farking
Submit a Link »






Report