FLASH: Senate Republicans block vote on President Obama's debt-limit plan!!!

Business Insider‏@businessinsider

Going Off The Fiscal Cliff Would Cost New Yorkers $43 Billion In Tax Hikes [link to read.bi]

zerohedge‏@zerohedge

This whole granting yourself temporary dictatorial powers thing, is spreading

44 minzerohedge‏@zerohedge

U.S. SENATE TO VOTE THIS AFTERNOON ON GIVING OBAMA POWER TO FEDERAL DEBT CEILING

I am calling for the Adjutant General of the United States Army to ARREST OBAMA for HIGH TREASON.

but... but he is the president...

Possibly Obama setting himself up to be the 21st century Lincoln

Lincoln's crimes: suspended the writ of habeas corpus; launched a military invasion without consent of Congress; blockaded ports without declaring war; invoking martal law imprisoned 13,000 U.S. citizens who opposed his policies; arrested dozens of newspaper editors & owners; tampered with voting; confiscated guns; nationalized the railroads; censored all telegraphs …and more


[link to www.usnews.com]

[link to en.wikisource.org]

[link to the-classic-liberal.com]

Good. Fuck em.

Business Insider‏@businessinsider

Bloomberg BRIEF's Guide To The Fiscal Cliff Is The Best Summary That's Been Done Yet [link to read.bi]

Bloomberg BRIEF — Bloomberg's economics newsletter/radio show — has put together a comprehensive slide deck about what happens if and when we go over the fiscal cliff .

It's scary.

Basically, consumers are not prepared, no matter what scenario emerges from Washington.

But there are also many different scenarios, depending on the knock-on effect for the economy that scenario would entail.

Read on to see how bad it could get.

Huge thanks to Bloomberg BRIEF for permission to run their feature.


Read more: [link to www.businessinsider.com]

Business Insider‏@businessinsider

Harry Reid Trolls The Jets And Republican Party All In One Three-Minute Senate Floor Speech by @brettlogiurato [link to read.bi]

If the senate is a Demoncrap majority, how did the Repugs do the blocking?

It looks like Harry Reid blocked the vote, not the Republicans.

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"The political dance started a day earlier, when Senate Republican Leader Mitch McConnell tried to call a vote on Obama's fiscal plan which included granting the White House the ability to approve automatic increases in the debt ceiling. Democratic Leader Harry Reid blocked it, allowing McConnell to suggest even Democrats don't want Obama's plan to pass.

But then Reid turned around Thursday and proposed calling a vote in the afternoon on the debt-ceiling plan. Reid, though, wanted to call a simple majority vote -- McConnell objected, saying a 60-vote threshold was warranted. Reid in turn objected to that, and the entire vote was scuttled again.

Democrats emerged claiming McConnell had shot down his own proposal, though the proposal was actually Obama's.


Read more: [link to www.foxnews.com]

sooo? Please explain it to other countries people... Thank's!

Fiscal cliff would take 10% or more off the Dow: poll

December 6, 2012, 11:53 AM
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Going over the fiscal cliff will hurt stocks a lot, according to a poll by the Potomac Research Group.

Sixty percent of investment professionals surveyed believe going over the fiscal cliff will take at least 10% off the Dow Jones Industrial Average INDU+0.09%, The Hill reported.

Eleven percent of the fund and money market managers surveyed see the benchmark index sliding by 20% if Washington doesn’t get its act together.

About 20 percent of those surveyed don’t expect the Dow to be affected.

– Tom Bemis
[link to blogs.marketwatch.com]

Business Insider‏@businessinsider

There Is A Civil War In The GOP, And So Far, Conservatives Are Losing [link to read.bi]

Demint resigned today

Business Insider‏@businessinsider

REPORT: Budget Talks Resume Between Obama And Boehner by @brettlogiurato [link to read.bi]

For the first time in more than a week, President Barack Obama and House Speaker John Boehner have "resumed budget talks," The Wall Street Journal reports (via @djfxtrader).

Read more: [link to www.businessinsider.com]