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U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?

 
s. d. butler

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11/21/2011 02:17 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
The Supercommitte was designed to fail. Success was never even an option. The whole reason they did this was two fold.

1. The elite of both parties are absoltely unwilling to reduce the size of government in any way. They want more control, not less. The supercommitte is a huge power grab that seeks to secure this power and reinforce bigger less representative government.

2. They know that Americans are so pissed that every seat in congress is at risk. Just last year about 70 seats (the most in living memory) changed because Americans are so pissed. They are terrified of losing control and think this Supercommittee will help give the congressman who are up for re-election next year a cover because they will be able to tell their liberal constituents that the didn't vote to cut anything and their conservative constitutents that they didn't vote to raise taxes.

It's both a power grab and an abdication of responsibility at the ballot box.

Even some of the reps I thought were conservative voted for this crap. All 535 of them need to be fired as far as I'm concerned.
 Quoting: Resister


Excellent take. And transparent for anyone who can see. Thanks for articulating it.
Anonymous Coward
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11/21/2011 02:23 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Morning, Jane. I still can't believe they won't find a way to push it a little further, but this does smell doomy.

Either way, 5 stars and a pin suggest.

popcorn
 Quoting: Revbo™


Thanks, Rev.

I have always questioned why a deadline the day before Thanksgiving? Perhaps it is orchestrated to have the most people possible distracted from their failure as possible. Also, nice long weekend where nobody can retrieve or shift their funds.

Turkey day is better even than Christmas as it includes everyone, Christmas allows those people who do not celebrate that holiday to be watching. Thanksgiving, they are all stuufed with heavy food, the guys are watching sports, the women are out shopping. Thge only ones paying any attention are the GLPrs.
 Quoting: Jane Smith


I would actually say the opposite. I think more families are huddled around the TV during Thanksgiving because all of the family members are in town with nothing to do but eat and watch TV.
Oldmotherhubbard

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11/21/2011 02:34 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Cnbc just said: that there is now a glimmer of hope with the super committee, we will hear from them in a few hours (translation:after markets close) they said the committee is now moving forward...(translation:band-aid)
Oldmotherhubbardglp@live.com
thecanadianactivist

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11/21/2011 02:38 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
why is it so hard to agree to tax the top 1%, this is insanity
 Quoting: thecanadianactivist


What is the "top 1%" ?

Would your definition be the right one?

What if I disagree with it?
 Quoting: s. d. butler


i am quite sure there are statistics that would show who is who, unless the whole sensus process is a complete waiste of taxpayers money....that never happens
Anonymous Coward
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11/21/2011 03:02 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
It was set up to fail...why can't the entire congress do the job? It's why we elected them...

Commie/lefty/liberal/democratic plot...
 Quoting: Anonymous Coward 1211208


Commie/lefty/liberal/democratic/republican/conservatoid/fasci​st plot.

Ain't got nuthin' to do with (D) or (R) just has to do with (G). No, thats not the (G)reen party. Its the (G)reed party. The isms are after everything you own, make and produce. EVERYTHING.

The republicans make you think they are working for you conservatives by being conservatoids. Thats acting conservative and then doing the opposite by spending spending spending.

The demoQUACKS try to tell the unions and the "free love/drugs/sex/socialists" that they are working for you and then they fascisize the world by stealing what you make.

THEY'RE NOT WORKING FOR ANY OF US! THEY'RE WORKING FOR *THEMSELVES*!!!

I'm proud to NOT be part of the 99%. I'm part of the 3% and soon, we're going to kick some ass.
Anonymous Coward
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11/21/2011 03:21 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
There will be a deal reached after the Gold/Silver expiry tomorrow and then the roll this Wednesday.

So Thursday there will be a deal, but it will never be implimented. The markets will rally (an illusion)on the news.

The free market is dead !
Jane SmithModerator (OP)
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11/21/2011 04:03 PM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
There will be a deal reached after the Gold/Silver expiry tomorrow and then the roll this Wednesday.

So Thursday there will be a deal, but it will never be implimented. The markets will rally (an illusion)on the news.

The free market is dead !
 Quoting: Anonymous Coward 1315838


There is supposed to be a Debt Committee statement very soon.

I have to log out & head to the dojang for a few hours. I will try to check back in later this evening.

Ninja Kitten
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

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"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

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Zero Point

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11/21/2011 04:43 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Mornin Jane, everyone.

It's mind-boggling to think all of this is somehow coincidence. There's just no way. The US debt bomb building- just hit 15 trillion- and now we have this 'super'committee made up of a bunch of incompetent fools who were guaranteed failures from the start when it came to reaching any kind of decisions = for sure credit rating downgrade.

China isn't getting much attention but they have a housing bubble that is about to pop that will dwarf the US crisis 3 years ago...and inflation is spiraling out of control.

Don't even need to mention the EU.

I don't usually throw dates around but I'm saying now we have a maximum of 6-8 weeks before all this explodes IMO.

They might be able to delay it until after the new year, but they won't get much farther. All of this is on purpose. Just waiting to see how much "order" they restore out of the next round of chaos.
 Quoting: MARTIAL LAW



Agreed. Morning brother Martial. We don't have long. I admire your courage and like how you think. Predictions are for tards who like being wrong alot. You are wise in your asertions. We do NOT have long. Maybe the spring; and we lock up like a 10 year old's jaw after a tetanis jihad.

Nick®
cheers
 Quoting: Nickadeemus


Honestly, I always thought they'd pull the pin out during a northern hemisphere winter to really nail in the doom.
Another public service announcement from the Southern Hemisphere Information Leveraging Locus.
Nickadeemus

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11/21/2011 04:49 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Mornin Jane, everyone.

It's mind-boggling to think all of this is somehow coincidence. There's just no way. The US debt bomb building- just hit 15 trillion- and now we have this 'super'committee made up of a bunch of incompetent fools who were guaranteed failures from the start when it came to reaching any kind of decisions = for sure credit rating downgrade.

China isn't getting much attention but they have a housing bubble that is about to pop that will dwarf the US crisis 3 years ago...and inflation is spiraling out of control.

Don't even need to mention the EU.

I don't usually throw dates around but I'm saying now we have a maximum of 6-8 weeks before all this explodes IMO.

They might be able to delay it until after the new year, but they won't get much farther. All of this is on purpose. Just waiting to see how much "order" they restore out of the next round of chaos.
 Quoting: MARTIAL LAW



Agreed. Morning brother Martial. We don't have long. I admire your courage and like how you think. Predictions are for tards who like being wrong alot. You are wise in your asertions. We do NOT have long. Maybe the spring; and we lock up like a 10 year old's jaw after a tetanis jihad.

Nick®
cheers
 Quoting: Nickadeemus


Honestly, I always thought they'd pull the pin out during a northern hemisphere winter to really nail in the doom.
 Quoting: Zero Point


Now that would be extra special evil. You may be correct though. Things are progressing very quickly. Feeling alright ZP? Get some rest mate?

Nick®
Pure Life; Get it on...
YaRight

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11/21/2011 04:52 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
why is it so hard to agree to tax the top 1%, this is insanity
 Quoting: thecanadianactivist


They can tax the top 1% all day long but it won’t fix the mess we are in. They have to cut spending and cut the entitlement programs to make a real dent in the problem.

Both sides the Republicans and Democrats are acting like fools or like people on a mission to crash America into something we don’t want. Hang on this will be a hell of a ride.
The most terrifying words in the English language are: I'm from the government and I'm here to help.
Zero Point

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11/21/2011 04:54 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
[link to www.youtube.com]

From a year ago, but still instructive....
Another public service announcement from the Southern Hemisphere Information Leveraging Locus.
Anonymous Coward
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11/21/2011 04:54 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Moving quickly to violence!!!! MUAHAHAHAHAHAHAHAHAH!

Zero Point

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11/21/2011 04:55 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Mornin Jane, everyone.

It's mind-boggling to think all of this is somehow coincidence. There's just no way. The US debt bomb building- just hit 15 trillion- and now we have this 'super'committee made up of a bunch of incompetent fools who were guaranteed failures from the start when it came to reaching any kind of decisions = for sure credit rating downgrade.

China isn't getting much attention but they have a housing bubble that is about to pop that will dwarf the US crisis 3 years ago...and inflation is spiraling out of control.

Don't even need to mention the EU.

I don't usually throw dates around but I'm saying now we have a maximum of 6-8 weeks before all this explodes IMO.

They might be able to delay it until after the new year, but they won't get much farther. All of this is on purpose. Just waiting to see how much "order" they restore out of the next round of chaos.
 Quoting: MARTIAL LAW



Agreed. Morning brother Martial. We don't have long. I admire your courage and like how you think. Predictions are for tards who like being wrong alot. You are wise in your asertions. We do NOT have long. Maybe the spring; and we lock up like a 10 year old's jaw after a tetanis jihad.

Nick®
cheers
 Quoting: Nickadeemus


Honestly, I always thought they'd pull the pin out during a northern hemisphere winter to really nail in the doom.
 Quoting: Zero Point


Now that would be extra special evil. You may be correct though. Things are progressing very quickly. Feeling alright ZP? Get some rest mate?

Nick®
 Quoting: Nickadeemus


Morning mate. Yeah, slept like a baby.
You're right, it would be extra evil, that's why I've always thought it would play out like that.
Another public service announcement from the Southern Hemisphere Information Leveraging Locus.
Anonymous Coward
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11/21/2011 04:58 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Kerry is a funny girlie guy with no balls left. He knows what he's doing and will always succeed in his inner girliness5a5a5a
Mr. Toppit

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11/21/2011 05:05 PM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
There will be a deal reached after the Gold/Silver expiry tomorrow and then the roll this Wednesday.

So Thursday there will be a deal, but it will never be implimented. The markets will rally (an illusion)on the news.

The free market is dead !
 Quoting: Anonymous Coward 1315838


There is supposed to be a Debt Committee statement very soon.

I have to log out & head to the dojang for a few hours. I will try to check back in later this evening.

Ninja Kitten
 Quoting: Jane Smith


Lucky you. By the time you make it back most all the states may be declaring an emergency.
Philligan
in rainbows

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11/21/2011 05:17 PM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Obama to speak at 5:45
everything in its right place
The Voice In Your Head

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11/21/2011 05:43 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Obama to speak at 5:45
 Quoting: Philligan


Whats the over/under for that fucking guy being late tonight?

ETA: Apparently I GLP Effected it.

Sheesh.

Last Edited by The Voice In Your Head on 11/21/2011 05:46 PM
I'm just a figment of your imagination ;-)
Oldmotherhubbard

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11/21/2011 05:52 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Obama to speak at 5:45
 Quoting: Philligan


What did he say?
Oldmotherhubbardglp@live.com
Zero Point

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11/21/2011 05:55 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Obama to speak at 5:45
 Quoting: Philligan


Whats the over/under for that fucking guy being late tonight?

ETA: Apparently I GLP Effected it.

Sheesh.
 Quoting: The Voice In Your Head


cruise
Another public service announcement from the Southern Hemisphere Information Leveraging Locus.
Nickadeemus

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11/21/2011 05:58 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Obama to speak at 5:45
 Quoting: Philligan


Whats the over/under for that fucking guy being late tonight?

ETA: Apparently I GLP Effected it.

Sheesh.
 Quoting: The Voice In Your Head


cruise
 Quoting: Zero Point



I'm a noob, would someone be so kind as to explain the GLP effect?

Nick®
Pure Life; Get it on...
Nickadeemus

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11/21/2011 06:01 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Unpinned? Was it something I said?
Nick®
nickhuh
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Zero Point

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11/21/2011 06:17 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Obama to speak at 5:45
 Quoting: Philligan


Whats the over/under for that fucking guy being late tonight?

ETA: Apparently I GLP Effected it.

Sheesh.
 Quoting: The Voice In Your Head


cruise
 Quoting: Zero Point



I'm a noob, would someone be so kind as to explain the GLP effect?

Nick®
 Quoting: Nickadeemus


GLP effect: When ever any prediction is ever posted on GLP, it has no chance of ever coming true or being correct.
Another public service announcement from the Southern Hemisphere Information Leveraging Locus.
Nickadeemus

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11/21/2011 06:22 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
...


Whats the over/under for that fucking guy being late tonight?

ETA: Apparently I GLP Effected it.

Sheesh.
 Quoting: The Voice In Your Head


cruise
 Quoting: Zero Point



I'm a noob, would someone be so kind as to explain the GLP effect?

Nick®
 Quoting: Nickadeemus


GLP effect: When ever any prediction is ever posted on GLP, it has no chance of ever coming true or being correct.
 Quoting: Zero Point


Filed and semantically encoded. Thank you mate.
Nick®
Pure Life; Get it on...
Anonymous Coward
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11/21/2011 06:31 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Any links to where to watch?
Nickadeemus

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11/21/2011 06:51 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
bump
Pure Life; Get it on...
Anonymous Coward
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11/21/2011 07:00 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Obama threatens to veto changes to $1.2T in cuts

WASHINGTON (AP) — President Barack Obama said Monday he will veto any effort to get rid of automatic spending cuts that would begin to take effect in 2013 if Congress can't find other ways of trimming government deficits.

Those spending cuts include significant reductions to the Pentagon that Defense Secretary Leon Panetta has said would be devastating to the military.

[link to www.google.com]
Nickadeemus

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11/21/2011 07:23 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Obama threatens to veto changes to $1.2T in cuts

WASHINGTON (AP) — President Barack Obama said Monday he will veto any effort to get rid of automatic spending cuts that would begin to take effect in 2013 if Congress can't find other ways of trimming government deficits.

Those spending cuts include significant reductions to the Pentagon that Defense Secretary Leon Panetta has said would be devastating to the military.

[link to www.google.com]
 Quoting: Anonymous Coward 1080525



Oh sure why not. We're spending like it's the end of the world anyway. It's the most prolifrigate spending spree since the Roman Empire's Collapse. Just ask Michelle. I've seen raging coke addicts with better spending habbits.

Nick®
:foamy:
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Mr. Toppit

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11/21/2011 07:35 PM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Obama to speak at 5:45
 Quoting: Philligan


What did he say?
 Quoting: Oldmotherhubbard


Well he sort of swaggered up to the podium and said:

With a very confident manner....

FU

Last Edited by Mr. Toppit on 11/21/2011 07:36 PM
Nickadeemus

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11/21/2011 07:38 PM
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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Obama to speak at 5:45
 Quoting: Philligan


What did he say?
 Quoting: Oldmotherhubbard


Well he sort of swaggered up to the podium and said:

With a very confident manner....

FU
 Quoting: Mr. Toppit



Nah, the Obama vanity level is too high for such insolence. What did he really say? Nothing as usual. Eat your peas bla bla bla...Michelle bla bla bla...congress bla bla bla, Hugo Oh Oh Oh..

Nick®
Pure Life; Get it on...
Mr. Toppit

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11/21/2011 07:54 PM

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Re: U.S. Supercommittee Ready to Announce Failure -- Market Crash, Moody's Downgrade?
Obama to speak at 5:45
 Quoting: Philligan


What did he say?
 Quoting: Oldmotherhubbard


Well he sort of swaggered up to the podium and said:

With a very confident manner....

FU
 Quoting: Mr. Toppit



Nah, the Obama vanity level is too high for such insolence. What did he really say? Nothing as usual. Eat your peas bla bla bla...Michelle bla bla bla...congress bla bla bla, Hugo Oh Oh Oh..

Nick®
 Quoting: Nickadeemus


I'm not kidding you.

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