McConnell Breaks Out In Laughter Over Geithner's Proposal

PHOENIX TRADING · Nov 29, 2012

Quote from mrbill:

Wow, we agree again, all nonsense.

I'm not say we cannot agree on anything .
I'm just not going pretend to agree that we are operating within the
same philosophical framework.

Trader7793 · Nov 29, 2012

The thing that is really crazy...to me at least...is the fact that even after going over the fiscal cliff, the country would still be deficit spending!!

Tsing Tao · Nov 30, 2012

Quote from Trader7793:

The thing that is really crazy...to me at least...is the fact that even after going over the fiscal cliff, the country would still be deficit spending!!

Exactly. I say go over the cliff. It's the only way to begin the process.

PHOENIX TRADING · Nov 30, 2012

Quote from Tsing Tao:

Exactly. I say go over the cliff. It's the only way to begin the process.

yep , people voted for obama give it to them.
republicans don't need to be complicit at all.

Spike Trader · Nov 30, 2012

Quote from exGOPer:

Somebody managed to capture it on camera as well

He is trying so hard to keep his false teeth from popping out.

File this pic , i want to see him bursting into tears in 2014.

RCG Trader · Nov 30, 2012

Quote from Tsing Tao:

Exactly. I say go over the cliff. It's the only way to begin the process.

We are going over the cliff. I don't think will be the beginning the actual end tho, not quite yet.

We will only be over the cliff for a few days, well before we get to any of the good stuff.

Going over the cliff is meant to squeeze the GOP. In case you hadn't noticed, re-election of the President was only a battle, the war will truly be decided in 2014. After that, things are going to get interesting either way.

RCG Trader · Nov 30, 2012

Quote from pspr:

McConnell and Boehner better not fold on these negotiations.

Mitch McConnell, the Senate Republican leader, says he âburst into laughterâ Thursday when Treasury Secretary Tim Geithner outlined the administration proposal for averting the fiscal cliff. He wasnât trying to embarrass Geithner, McConnell says, only responding candidly to his one-sided plan, explicit on tax increases, vague on spending cuts.

Geithnerâs visit to his office left McConnell discouraged about reaching a âbalancedâ deal on tax hikes and spending reductions designed to prevent a shock to the economy in January. âNothing good is happeningâ in the negotiations, McConnell says, because of Obamaâs insistence on tax rate hikes for the wealthy but unwillingness to embrace serious spending cuts.

Geithner suggested $1.6 trillion in tax increases, McConnell says, but showed âminimal or no interestâ in spending cuts. When congressional leaders went to the White House three days after the election, Obama talked of possible curbs on the explosive growth of food stamps and Social Security disability payments. But since Geithner didnât mention them, those reductions appear to be off the table now, McConnell says.

Obama is pushing to raise the tax rates on couples earning more than $250,000 and individuals earning more than $200,000. But those wouldnât produce revenues anywhere near $1.6 trillion over a decade.

The âguessâ of those involved in the negotiations, Politico reported, is that a bipartisan deal âwill include a rate hike, higher taxes on carried interest and probably capital gains and dividends, and either a cap on total deductions for rich people or some form of a minimum tax rate for them.â

http://www.weeklystandard.com/blogs...ter-geithner-outlined-obamas-plan_664210.html

They will fold. Wait and see.

Grandluxe · Nov 30, 2012

Obama has gone full psycho, he wants to remove Congressional authority to determine the debt ceiling......

And only god knows why he is still campaigning?

Scataphagos · Nov 30, 2012

Quote from Grandluxe:

Obama has gone full psycho, he wants to remove Congressional authority to determine the debt ceiling......

And only god knows why he is still campaigning?

Some have suggested he wants to change the Constitution to allow him to run for a 3rd term....

Tsing Tao · Nov 30, 2012

Quote from Scataphagos:

Some have suggested he wants to change the Constitution to allow him to run for a 3rd term....

Would never happen. He'd never get that many states to agree to an amendment.