Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

And So It Begins.....
Market-Ticker ^ | 8/6/11 | Karl Denninger

Posted on 08/06/2011 9:13:11 AM PDT by Kartographer

Some more facts - and you're not going to like any of them: •Within hours of the passage of the bill more than half of the authorized increase in the debt ceiling (the first tranch) was blown and gone as Geithner unwound all the screwball theft games he had played for the previous two months. More than $200 billion instantly vanished. The scale and price of his deception was instantly laid bare upon the table, as was our fiscal trajectory, since June is one of the heavy tax receipt months (estimated taxes.)

(Excerpt) Read more at market-ticker.org ...


TOPICS: Business/Economy; Government; Society
KEYWORDS:

Hey guys what say we head over to the White House I hear 'Bammy' is throwing a party in the Rose Garden.
1 posted on 08/06/2011 9:13:12 AM PDT by Kartographer
[ Post Reply | Private Reply | View Replies]

To: Kartographer
We are dangerously close to running out of options in this regard.

I don't think this is accurate.

I don't think we have any options. Politically, the politicians and the voters simply are not going to do the right thing. I see no way for that to happen. Elections? Pfffff! Meaningless now.

I see a collapse of the global economic system. I see defaults -- everywhere. By that, I mean "everywhere".

And I see war and rumors of war.

2 posted on 08/06/2011 9:21:18 AM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ClearCase_guy

The number one priority of the Rats is getting Obama re-elected with as many of them tagging along as possible.
Hence his bus trip to Iowa..when he should be back in DC in series discussions with Congress on how to get back on track. The GOP passed a plan that would have worked..the GOP has expressed a willingness to do a tax reform that would increase revenues, while improving the economy, but the RATS don’t want touch entitlements or their special interest groups. We need to eliminate programs and depts..wholesale.
We need to clean out the welfare roles of illegals and layabouts..


3 posted on 08/06/2011 9:29:19 AM PDT by Oldexpat
[ Post Reply | Private Reply | To 2 | View Replies]

To: Oldexpat

Watching Cavuto this a.m. and thought I heard the S&P guy say that if Cut Cap and Balance had passed that we wouldn’t have been downgraded.

Anyone else hear that? If so, one could think the Tea Party should have the next election sewed up.


4 posted on 08/06/2011 9:50:58 AM PDT by Aria ( "If we ever forget that we're one nation under God, then we will be a nation gone under.")
[ Post Reply | Private Reply | To 3 | View Replies]

To: Oldexpat
"Hence his bus trip to Iowa..when he should be back in DC in series discussions with Congress on how to get back on track."

Are you "series"? It doesn't matter where 0bama is. Anywhere he is, he has no interest in getting "back on track." From his perspective, he IS "on track."

5 posted on 08/06/2011 10:04:08 AM PDT by YHAOS (you betcha!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Aria

I’ve listened to the “pundits” since last night and they have all been saying that this cut may not have much impact.

Now I’m watching the Saudi stock market crater.

So much for not much impact. Here it comes again and me wishing I had listened to myself again early last week.

I have 2% stop losses in but it won’t help the mutual funds.

I will not ride another horse to the ground though.

I don’t see a rebound or why there should be one. Does anybody else and does anybody else have a reason for one?

We will see people riot by Thanksgiving I think.


6 posted on 08/06/2011 10:17:55 AM PDT by Sequoyah101 (Half the people are below average.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Kartographer
Hey Everybody!!

It's Time for the 'And So It Begins' drinking game! Every time someone posts the oh-so dire and ominous 'And So It Begins' - we take a drink!!

And So It Begins....
And so it begins
And so it begins.
And so it begins...
And so it begins.
And so it begins...
So it begins...
And so it begins.
And so it begins:
And so it begins.
So it begins,
So it begins.
And so it begins
and so it begins.....
And so it begins.
and so it begins.
And so it begins
And so it Begins….
A Romney we can respect (So it begins)
And So It Begins (Dollar Warnings)
And So It Begins! (And so it begins)
And so it begins....
(And So It Begins)
And so it begins again.....
School Is Renamed For Obama (And so it begins...)
So it begins.
And so it begins.
And so, it begins.....
And So It Begins...
And so it begins!
And so it begins.

While this list is not complete, it demonstrates the fun you and your family can have at home.

So join in, and drink up!!!

7 posted on 08/06/2011 10:21:05 AM PDT by TomServo
[ Post Reply | Private Reply | To 1 | View Replies]

To: TomServo

So, next time I’m tempted to use “and so it begins...” I’ll use “lo thus it initiates..”


8 posted on 08/06/2011 10:24:46 AM PDT by Keith in Iowa (Hope & Change - I'm out of hope, and change is all I have left every week | FR Class of 1998 |)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Kartographer
Photobucket
9 posted on 08/06/2011 10:32:20 AM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldexpat

Palin/Oldexpat 2012!!!

I like the way you think. Wholesale elimination of federal departments is a good place to start. Requiring a minimum of 30 hours legitimate work each week in exchange for welfare benefits would also help. Eliminating all benefits to illegals would be a good thing, especially if we would contact the governments of their home countries and ask if they’d be willing to step up and pay for the repatriation of their citizens so we could ship them home at no cost to us.

And we’ll also need to suspend all enviro-laws and fast track domestic energy production to keep more of our dollars from being sent overseas.

The list could go on and on...


10 posted on 08/06/2011 10:54:37 AM PDT by Two Kids' Dad ((((( )))))
[ Post Reply | Private Reply | To 3 | View Replies]

To: Keith in Iowa
"Verily I say unto you; its hour hath come round at last."

" And what rough beast, its hour come round at last, Slouches towards Bethlehem to be born? "
11 posted on 08/06/2011 11:06:23 AM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
[ Post Reply | Private Reply | To 8 | View Replies]

To: Keith in Iowa

lol...I’ll start the list...;-)


12 posted on 08/06/2011 11:14:20 AM PDT by TomServo
[ Post Reply | Private Reply | To 8 | View Replies]

To: Kartographer

CTRL-GALT-DELETE

Look what I stole from the comments section.


13 posted on 08/06/2011 2:31:05 PM PDT by Excellence ( CTRL-GALT-DELETE)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TomServo

14 posted on 08/06/2011 6:14:05 PM PDT by justa-hairyape
[ Post Reply | Private Reply | To 7 | View Replies]

To: justa-hairyape

15 posted on 08/06/2011 6:15:58 PM PDT by justa-hairyape
[ Post Reply | Private Reply | To 14 | View Replies]

To: Kartographer

“we have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy,”

The S&P has this all wrong. There is no gulf between political parties over fiscal policy, nor has there been one for at least 20 years. That’s the problem - there’s been broad agreement to “spend, spend, spend” regardless of political party.

If we would aspire to create a broad gulf over fiscal policy, now or any time in the past 20 years - we’d not be in the mess we are in.


16 posted on 08/06/2011 6:25:02 PM PDT by RFEngineer
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson