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  • jiminy539 jiminy539 Dec 12, 2012 4:11 PM Flag

    Continued QE Bond Buying Adds a Pro PM Wrinkle

    Relax. From what I read by YDM, it sounded like a bit of disgust and frustration dealt to both sides. Not worth getting furious about. Neither side presents what I would proudly call "the good guy." This is all a bunch of political smoke and mirrors. We're the ones watching our pants burn. I'm not impressed with any of them.
    SLW is doing well today! Cheer up; I think it's a good company...
    Best,
    Jim

    Sentiment: Hold

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    • On the impasse in the negotiations, no he thinks one side is the problem:

      "The implication it is ok to stall do nothing, and sit with your fingerupyourass whining you didn't get your way, is not the vision of our Founding Fathers, it is the vision of our Flounderingmotherphukkers in Congress."

      The fact is in the negotiations all the compromising has been by Boehner. He has agreed to $800 mil in revenue increases. Obama has agreed to nothing whatsoever on the spending side or changing his tax position one iota.

      When someone calls the Tea Party nutcases I kind of lose it. They want to roll back the enormous spending increases - $600 - $700 billion extra in budget baseline spending since the 2008 fiscal year. The successful caricaturing of conservatives generally and the Tea Party in particular, a bunch of moderate, law abiding, middle class people, as a bunch of wild eyed racist violent extremists (or in YDM's mind apparently a bunch of yacht owning country clubbers) is an example of how effective the Orwellian Democrat/media brainwashing has become nowadays. When the lunatic mayor of New York said after there was an attempted car bombing by a Pakistani in Times Square back in 2010 that it was someone upset with Obamacare, that is a frightening example of that.

 
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