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Talks aimed at eliminating the sequester have ended without a deal, with the President calling...

Talks aimed at eliminating the sequester have ended without a deal, with the President calling what's about to happen "dumb" and inexcusable." The S&P had turned green for  a bit, now -0.2%.
Comments (12)
  • dacama1
    , contributor
    Comments (220) | Send Message
     
    I am sure "oblama" was talking about himself.
    1 Mar 2013, 11:48 AM Reply Like
  • Mattster
    , contributor
    Comments (164) | Send Message
     
    No actually he was talking about the GOP who unfortunately continue to commit political suicide.
    1 Mar 2013, 11:57 AM Reply Like
  • petten
    , contributor
    Comments (128) | Send Message
     
    Omama was talking about you.
    1 Mar 2013, 12:00 PM Reply Like
  • blackswans
    , contributor
    Comments (155) | Send Message
     
    Tis better to be silent and be thought a fool, than to speak and remove all doubt.

     

    Abraham Lincoln (1809-1865)
    1 Mar 2013, 06:44 PM Reply Like
  • bdy
    , contributor
    Comments (155) | Send Message
     
    I call it nessecary and overdue personally they should try to cut another 500 billion while they are at it
    1 Mar 2013, 11:59 AM Reply Like
  • Topcat
    , contributor
    Comments (481) | Send Message
     
    Yea! Hedge fund managers (and guys like Romney who own such firms) continue to get their salary taxed at capital gains rates (15-18% bracket)..sweet! And, if I move my companies business off shore, I get tax breaks...wouldn't want to change that would we...
    1 Mar 2013, 12:10 PM Reply Like
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    You mean like the Wall Street fat cat/insider who just became Obama's Secretary of the Treasury? The one with the account in the Cayman's?
    1 Mar 2013, 12:14 PM Reply Like
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    If the sequester is so dumb and inexcusable, then Obama shouldn't have proposed it. Despite the BS to the contrary in the MSM, the idea for the sequester came from Obama and the White House.

     

    That said, the only thing bigger than the amount of hype and hysteria over this virtually meaningless *cut in the rate of growth* (NOT to be confused with a real cut in spending), is the size of the national debt and federal entitlement obligations.
    1 Mar 2013, 12:11 PM Reply Like
  • User 5938141
    , contributor
    Comments (7) | Send Message
     
    Thanks for making this point. While it's obvious that Obama first preference wasn't actual enaction of sequestration, his administration did propose it, so it was by definition a possibility they were prepared to accept.

     

    On the "cut in the rate of growth", I'm sick of the argument that this lilliputian decrease (at most, what, 70 basis points?) is the reason the recovery might halt. There are plenty of other reasons anyone on this site could furnish, but sequestration alone isn't one of them. But that said, if we do slide back into recession, I have no doubt that the politicos of both stripes will blame sequestration.
    1 Mar 2013, 02:24 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Its a big show over nothing..if they can't cut 2.5% then we really do have a huge problem...that cut should be 25% and right now....Including his perks and salary..and he can pay for his own security detail...
    1 Mar 2013, 12:21 PM Reply Like
  • blackswans
    , contributor
    Comments (155) | Send Message
     
    LOL
    1 Mar 2013, 06:46 PM Reply Like
  • onewhatsbeendonebefore
    , contributor
    Comments (145) | Send Message
     
    This cliff hangar fiscal cliff mark 2 could have just been another major smokescreen like in november when the GOP finally agreed on condition that AMGEN received billions in refunding their failed attempt at getting Reps into the White House. lets hope that funding failed parties is now history. Not holding my breath though.
    3 Mar 2013, 10:04 AM Reply Like
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