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House scraps vote; deal now in Senate hands

Comments (52)
  • DeepValueLover
    , contributor
    Comments (8310) | Send Message
     
    House GOP™: Always good for throwin' in the towel!
    15 Oct 2013, 08:33 PM Reply Like
  • Steve Soden
    , contributor
    Comments (603) | Send Message
     
    This is just a show that will cost The US Rich and US Companies.
    A Tax increase is coming for these groups, so they better get
    started on Tax Reform and change that game before it also goes in favor of The Liberals.
    16 Oct 2013, 04:28 AM Reply Like
  • wigit5
    , contributor
    Comments (3982) | Send Message
     
    Towelie resents that statement DVL

     

    http://bit.ly/19GkBg0
    15 Oct 2013, 08:36 PM Reply Like
  • ThetaDecay
    , contributor
    Comments (107) | Send Message
     
    Now, will Cruz et al. filibuster and bring us over the edge?
    15 Oct 2013, 08:54 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4064) | Send Message
     
    I have my doubts. But who knows. That is why I have many SDS calls etc. right now.
    15 Oct 2013, 08:57 PM Reply Like
  • Philip Marlowe
    , contributor
    Comments (944) | Send Message
     
    If there is a deal in the senate, Cruz will not get 40 votes for a filibuster.
    15 Oct 2013, 09:04 PM Reply Like
  • justaminute
    , contributor
    Comments (581) | Send Message
     
    Hope he does. Too many spineless wimps like McCain though.
    15 Oct 2013, 09:15 PM Reply Like
  • ThetaDecay
    , contributor
    Comments (107) | Send Message
     
    I agree with TruffelPig: that outcome seems unlikely. Still, unless I'm mistaken Philip, the onus wouldn't be on Cruz to get 40 votes; breaking the filibuster would require 6 Republicans voting "against their party". Obviously, that would be the sane and pragmatic move here, but given the current state of the GOP, some might be fearful of the backlash.
    15 Oct 2013, 09:17 PM Reply Like
  • justaminute
    , contributor
    Comments (581) | Send Message
     
    I do not believe there will be a deal on the 17th. But, it matters not what we think. 0bama fully intends to appoint himself dictator on the 18th.
    15 Oct 2013, 09:34 PM Reply Like
  • Justin Jaynes
    , contributor
    Comments (3075) | Send Message
     
    McCain is a former POW - he's far from a wimp.
    15 Oct 2013, 09:49 PM Reply Like
  • User 509088
    , contributor
    Comments (975) | Send Message
     
    It's not over. There's no way the house will take a Senate deal. If they were going to do that, they could have already done it.

     

    Feature this: i'll give you that Dodge Caravan for this great price! Five minutes later, oh! I can't give you that price, the last one just got moved off the lot. But I can give you this great deal… Moving you closer to list price.

     

    Oh, sorry, it's gone! What about this deal: totally loaded and totally at list price! by the time you've been built up and let down three or four times you're willing to do the deal just to get it over with.

     

    The ol' hard sell.
    15 Oct 2013, 10:18 PM Reply Like
  • Left Banker
    , contributor
    Comments (1995) | Send Message
     
    The reason you're wrong U509 is that the house, if allowed to vote by Boenhead, would have voted for the Senate deal.

     

    Boenhead is toast now, so it doesn't matter. He'll take it to a vote and they'll accept it. It's all over but the fat lady singing 'Amazing Grace' at the funeral.
    15 Oct 2013, 10:42 PM Reply Like
  • Derek A. Barrett
    , contributor
    Comments (3534) | Send Message
     
    2 broken arms and a leg upon ejecting, nearly drowned in a lake after he landed, then was pulled ashore by his captors who proceeded to break his shoulder with a rifle butt and then bayonet him.

     

    Then was beat mercilessly by interrogators with all these injuries being untreated.

     

    That's just the START.

     

    After refusing an early release (he held out because he wanted his friends released also) he spent 6 years in a prison camp, where he was tortured every 2 hours until he signed a false confession. He attempted to end his own life but the guards stopped him.

     

    After that he was beat 2 to 3 times per week in order to get him to sign more papers, which he refused.

     

    He has permanent injuries from the experience and no human being should be subject to such horror.

     

    Politics aside, I doubt very many of us could withstand that kind of treatment for a week, much less 6 years straight. To call him a wimp is ridiculous, sorry.
    15 Oct 2013, 11:38 PM Reply Like
  • bixbubba
    , contributor
    Comments (225) | Send Message
     
    he doesn't need 40 votes. he can filibuster all by himself for 5 days.
    16 Oct 2013, 12:57 AM Reply Like
  • Justin Jaynes
    , contributor
    Comments (3075) | Send Message
     
    @Derek - I had the pleasure to hear Senator McCain speak, and heard him tell that story in a leadership course.

     

    @JAM - While everyone is entitled to their opinion, that doesn't make their opinion valid. You can spout off whatever you would like, but when you call someone that has survived what Senator McCain has a wimp, it speaks volumes to your credibility.

     

    I highly doubt a POW is "afraid" of the backlash he receives from voting a certain way. That pales in comparison to what he's been through.
    16 Oct 2013, 01:20 AM Reply Like
  • lauderdale
    , contributor
    Comments (6) | Send Message
     
    Appoint himself dictator? Do you truly believe that is possible, and if so, please explain.
    16 Oct 2013, 02:01 AM Reply Like
  • filo67
    , contributor
    Comments (61) | Send Message
     
    Indeed, he's come a long way - from being in a cage with a mud floor ... to being incapable of remembering how many houses he owns !:)
    16 Oct 2013, 03:38 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8310) | Send Message
     
    McCain 1970 and McCain 2013 are two different people.

     

    Young, pre "blinded by money and power" McCain would have spit on this dishonorable old man.
    16 Oct 2013, 09:16 AM Reply Like
  • Hendershott
    , contributor
    Comments (1510) | Send Message
     
    If we get DeMint's Heritage Foundation defunded, this might have been worth the trouble.
    15 Oct 2013, 09:04 PM Reply Like
  • FreeStateYank
    , contributor
    Comments (803) | Send Message
     
    That entity is privately funded. However, I do support removing taxpayer money from going into the coffers of NPR.
    16 Oct 2013, 05:30 AM Reply Like
  • Hendershott
    , contributor
    Comments (1510) | Send Message
     
    Self defunded. The money figures out it was a stupid idea.
    16 Oct 2013, 03:44 PM Reply Like
  • bob adamson
    , contributor
    Comments (4557) | Send Message
     
    Say what you will, under the US Congressional System of Government one often sees in times of serious disputes over public policy an overt and unvarnished example of what Count Bismarck meant (paraphrased: It's best not to see sausage making or law making in action - it spoils the appetite).
    15 Oct 2013, 09:11 PM Reply Like
  • Bouchart
    , contributor
    Comments (759) | Send Message
     
    In the coming few days there will be all sorts of rumors of deals and rumors of no deals, in order to move the market this way or that.
    15 Oct 2013, 09:45 PM Reply Like
  • redarrow5150
    , contributor
    Comments (998) | Send Message
     
    And what did the House GOP accomplish these past three months? Maybe they'll actually get started on a jobs bill...nahhh.
    15 Oct 2013, 09:47 PM Reply Like
  • justaminute
    , contributor
    Comments (581) | Send Message
     
    The House has passed plenty of jobs bills:
    H.Res. 72 - Passed by the House (391-28) on February 11, 2011
    H.R. 872 - Senate has taken no action to date
    H.R. 910 - Senate has taken no action to date
    H.J.Res. 37 - Senate has blocked a companion measure by a vote of 46-52
    H.R. 2018 - Senate has taken no action to date
    H.R. 1315 - Senate has taken no action to date
    H.R. 2587 - Senate has taken no action to date
    H.R. 2401 - Senate has taken no action to date
    H.R. 2681 - Senate has taken no action to date
    H.R. 2250 - Senate has taken no action to date
    H.R. 2273 - Senate has taken no action to date
    H.R. 3094 - Senate has taken no action to date
    H.R. 3010 - Senate has taken no action to date
    H.R. 527 - Senate has taken no action to date
    H.R. 10 - Senate has taken no action to date
    H.R. 1633 - Senate has taken no action to date
    H.R. 4 - Signed into law by the President on April 14, 2011
    H.R. 674 - Signed into law by the President on November 21, 2011
    H.R. 3630 - Senate has taken no action to date
    H.R. 3078 - Signed by the Preisdent on October 21, 2011
    H.R. 3079 - Signed by the Preisdent on October 21, 2011
    H.R. 3080 - Signed by the Preisdent on October 21, 2011
    H.R. 1904 - Senate has taken no action to date
    H.R. 1249 - Signed into law by the President on September 16, 2011
    H.R. 2433 - Signed into law by the President on November 21, 2011
    H.R. 1070 - Senate has taken no action to date
    H.R. 1965 - Senate has taken no action to date
    H.R. 2930 - Senate has taken no action to date
    H.R. 2940 - Senate has taken no action to date
    H.R. 3012 - Senate has taken no action to date
    H.R. 1230 - Senate has taken no action to date
    H.R. 1229 - Senate has taken no action to date
    H.R. 1231 - Senate has taken no action to date
    H.R. 2021 - Senate has taken no action to date
    H.R. 1938 - Senate has taken no action to date
    15 Oct 2013, 09:53 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3718) | Send Message
     
    The media (democrat misinformation) blames the House as the party of No, which is funny because R come up with plan after plan and Reid says, DOA DOA DOA.
    15 Oct 2013, 10:06 PM Reply Like
  • redarrow5150
    , contributor
    Comments (998) | Send Message
     
    TWO YEARS AGO...and funny how one blames a controlled Democratic Senate.
    15 Oct 2013, 10:31 PM Reply Like
  • redarrow5150
    , contributor
    Comments (998) | Send Message
     
    Job bill huh?

     

    http://bit.ly/1gJdOXS
    15 Oct 2013, 10:34 PM Reply Like
  • justaminute
    , contributor
    Comments (581) | Send Message
     
    Think how much better the recovery would be if they were taken up by Harry Reid.
    15 Oct 2013, 10:36 PM Reply Like
  • wmateri
    , contributor
    Comments (522) | Send Message
     
    The story was confusing to me. The fact that Boehner could not bring a bill to the floor suggests that his own party members did not support him adequately (no majority of the majority). This would suggest that any Senate-originated bill is a non-starter in the House unless: a) Boehner brings it to a vote contrary to the wishes of his caucus, and b) a number of non-Tea Party Republicans support Democrats in the vote. This would certainly set up a lot of Tea Party competitors in the Primaries and the GOP could either become more radicalized or finally put an end to the Tea Party nonsense. It will almost certainly mean the death of many careers on one side of the GOP or the other. I'm not sure I see this as the capitulation of the Tea Party Republicans so much as a continued refusal to give up their "bargaining chips". The only way they can force Democrats to hear them is by refusing to raise the debt ceiling, otherwise they might as well capitulate to all Democratic demands. I haven't seen any sign of capitulation yet, except perhaps on the part of non-TP Republicans, who seem willing to give in to all the administration demands.
    15 Oct 2013, 09:55 PM Reply Like
  • Left Banker
    , contributor
    Comments (1995) | Send Message
     
    "The only way they can force Democrats to hear them is by refusing to raise the debt ceiling..."

     

    Conjures the image of a screaming two-year old who wants some sharp and shiny thing he's never going to get. Eventually the two-year old winds down and goes to bed. And with time he'll grow up. Wish the same would happen to the loons on the right.
    15 Oct 2013, 10:02 PM Reply Like
  • wmateri
    , contributor
    Comments (522) | Send Message
     
    LB - It's hard to distinguish between a screaming two-year old and a righteous patriot sometimes as both may seem to be acting irrationally in a shrill manner. I don't evaluate the current skirmish as childish in any way and think that Tea Party Republicans deeply resent being called "childish" by people they view as foolhardy spendthrifts who are leading the country into utter ruin. I don't agree with the Tea Party members on almost all other issues (especially not on Obamacare or a more improved universal health care system) but I'm sure they see themselves as all that stands between the current fiscal conditions and economic ruin. Will they enjoy being beat up by the media and the Democrats? Not at all. Will the derision they are facing be enough to make them crumble or will it simply reinforce their beliefs? I don't know but I don't think this game is over yet.
    15 Oct 2013, 10:10 PM Reply Like
  • justaminute
    , contributor
    Comments (581) | Send Message
     
    Well stated, wmateri.
    15 Oct 2013, 10:23 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3718) | Send Message
     
    What is wrong with making all of Congress subject to the law? Putting them on ACA like everyone else, who they think are beneath them, is a bad idea?
    17 Oct 2013, 09:53 AM Reply Like
  • wigit5
    , contributor
    Comments (3982) | Send Message
     
    @Matthew, it should be a crime for congress to enact policies they themselves can avoid... couldn't agree more with you. Despicable that this is allowed.
    17 Oct 2013, 09:57 AM Reply Like
  • Matthew Davis
    , contributor
    Comments (3718) | Send Message
     
    It's the definition of corruption.
    17 Oct 2013, 10:31 AM Reply Like
  • TruffelPig
    , contributor
    Comments (4064) | Send Message
     
    Btw, the S&P futures have given back most of the fantastic pop by now. 0.3% pop left. When we wake up tomorrow this will be very red I think. All Asian markets red right now.
    15 Oct 2013, 11:01 PM Reply Like
  • J Mintzmyer
    , contributor
    Comments (3632) | Send Message
     
    Truffel- it's absolutely insane that they ever went positive!? Morons at the wheel here...
    15 Oct 2013, 11:08 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4064) | Send Message
     
    Completely agree J.
    15 Oct 2013, 11:09 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3762) | Send Message
     
    It's up Dow +65, SP +9. So more than .3%? I was surprised to see happy faces on futures. Not going down, I'd understand, since no one knows which way it will all go. But up? Like it's a heavy bull situation?

     

    I'm beginning to wonder if this exuberance that the market can move to no highs on a mere rumor that the world isn't going to get... means it's a market top? Usually tops come with retail investors all in, and all liquidty used up. Retail refuses to risk going into the market gain, even with ZIRP to keep them in interestless cash. Could this bull be different, rise & fall on not much retail involvement?
    16 Oct 2013, 12:12 AM Reply Like
  • Qniform
    , contributor
    Comments (2494) | Send Message
     
    Really, the story seems to convey some resolution, a la the HR throwing in the towel (sorry towelie). I think we will see tomorrow that capitulation is not what happens.
    15 Oct 2013, 11:48 PM Reply Like
  • Mattster
    , contributor
    Comments (162) | Send Message
     
    Wasn't there a political party in 1920s-30s Germany that touted German 'heritage' and refused to pay their debts (war reparations)?
    16 Oct 2013, 12:24 AM Reply Like
  • J Mintzmyer
    , contributor
    Comments (3632) | Send Message
     
    ...Be careful what you draw parallels to. Economically and world-power wise it worked out pretty well for them over the next decade.
    16 Oct 2013, 01:20 AM Reply Like
  • FreeStateYank
    , contributor
    Comments (803) | Send Message
     
    Really? An invocation of Godwin's Law as an argument?
    16 Oct 2013, 05:33 AM Reply Like
  • Qniform
    , contributor
    Comments (2494) | Send Message
     
    Pretty funny FSY. It was only a matter of time...
    16 Oct 2013, 09:33 AM Reply Like
  • financeminister
    , contributor
    Comments (666) | Send Message
     
    Well, earnings will be a measurable yardstick we can watch this quarter to see if there is growth to support this rally. If the market moves up because of a bunch of politicians shaking hands while earnings and macro economic environment are actually bad, then I guess cautious long term investors should be prepared for some unexpected black swan to burst the bubble. Best case scenario would be a 20% drop or move downwards incase of a macro financial event. Worst case...who knows. See 2008.
    16 Oct 2013, 12:54 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3762) | Send Message
     
    Seems to me earnings aren't good. Well, they are, but revenues are missing a lot. ...anyone else seeing the same?

     

    So this bull is based on cost cutting. This recovery is as slow as can be.
    16 Oct 2013, 08:57 AM Reply Like
  • joeg1969
    , contributor
    Comments (377) | Send Message
     
    Question is it best to take profits here or is everybody riding this out thanks in advance
    16 Oct 2013, 01:54 AM Reply Like
  • Elevator Music
    , contributor
    Comments (28) | Send Message
     
    @joeg1969

     

    I've been using insider trading as an indicator. It doesn't seem like the people who own millions of shares in major corporations are selling off anything. On the contrary they have acquired more shares during the government shutdown.

     

    Of course one metric is not sufficient, but based on a multitude of other factors I haven't sold off a single stock. Maybe somebody will panic and do so, but most people have not.
    16 Oct 2013, 03:54 AM Reply Like
  • mitrado
    , contributor
    Comments (1955) | Send Message
     
    In 2011, up to July 31, there was also no indication of massive insider selling. Those people only sell after the crash has began, not a minute earlier.
    16 Oct 2013, 04:12 AM Reply Like
  • FreeStateYank
    , contributor
    Comments (803) | Send Message
     
    Sold part of a couple positions which were up over 100%. Have also been buying. Generally, there is always something 'on sale'.

     

    Frankly, and I've not seen anyone write this, but if there was no deal for quite some time and the finances became wobbly due to the admin choosing NOT to pay the interest on the debt, which revenues more than cover, I think the market outcome might be a surprise to a lot of people. Yes, there might be a sell off... and then a big rebound, as a technical 'default' would likely drive the dollar down and bring on the inflation so desperately needed to dig the National debt out of it's hole.

     

    Thus, I'd expect oily hydrocarbon producers to do quite well as the price would likely go upward....
    16 Oct 2013, 05:34 AM Reply Like
  • al roman
    , contributor
    Comments (4766) | Send Message
     
    TKO'ed.
    16 Oct 2013, 05:12 AM Reply Like
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