<<Republicans refused to support legislation that would allow taxes to rise on the most affluent households in the country. >>
[YEAH, 'PUBLICANS, JUST KEEP SUCKING-UP TO THAT UPPER 2%! I'LL REMEMBER YOU NEXT ELECTION!!! YOU'RE THE REASONS I WROTE IN RON PAUL & THEN TORE UP MY VOTER REGISTRATION CARD! YOU OUGHT TO BE ASHAMED, BUT MONEY BURNS CONSCIENCE COMPLETELY UP, DOESN'T IT?
YOU ARE INDEED WALL STREET'S ELITIST WHORES! ]
<<Within minutes, dejected Republicans filed out of the basement meeting room and declared there would be no votes to avert the “fiscal cliff” until after Christmas. With his “Plan B” all but dead, the speaker ['OL' BONER'] was left with the choice to find a new Republican way forward or to try to get a broad deficit reduction deal with President Obama that could win passage with Republican and Democratic votes.
What he COULD NOT DO was blame Democrats for failing to take up legislation he could not even get through his own membership in the House.
“The House did not take up the tax measure today because it did not have sufficient support from our members to pass,” Mr. Boehner said.
Recalcitrant conservatives were balking on allowing taxes to rise on incomes over $1 million a year. >>
[OVER A MILLION DOLLARS A YEAR???
WHAT ABOUT THE 75% OF AMERICANS WITH INCOMES UNDER $50,000 A YEAR, THE 45% WHO MAKE LESS THAN $25,000 A YEAR? WHAT ARE THEY, FODDER TO FEED IN TAX DOLLARS TO THE GREAT WAR MACHINE & WALL STREET PUPPET-MASTERS WHO FEED ON WAR? HOW LONG WILL THE GOP EXPECT MIDDLE-CLASS AMERICA TO SHOULDER THE ENORMOUS TAX BURDEN ALREADY IMPOSED ON THEM??? SELF-SERVING SCUM-BAGS! SURE, SAVE YOUR OWN, THROW THE REST OF AMERICA TO THE SHARKS!]
<<Stymied, Republican leaders called a recess around 7 p.m. Members streamed in and out of the whip’s office, munched on Chick-fil-A sandwiches (regular and spicy) and professed uncertainty over what comes next. >>
SACRIFICE THE 'LOWER CLASSES'
NO CLIFF! JUST ANOTHER LOAD OF SHEEP MANURE
FISCAL CLIFF FEAR-MONGERING PROPAGANDA
<<Last year, the big bogeyman wasn't the fiscal cliff... it was the debt ceiling. President Obama called the debt ceiling issue "financial Armageddon." Treasury Secretary Tim Geithner called it a "catastrophe." Federal Reserve Chairman Ben Bernanke said it was "calamitous."
But I told you it was just "The Great Debt Ceiling Hoax."
And what happened? Well, investors got scared... Stocks bottomed out in early October 2011... And the market is now about 26% higher than it was then.
To put an end to the phony drama of the debt ceiling hoax, President Obama signed the Budget Control Act of 2011 into law on August 2, 2011. That law created what's now being sold to us as the "fiscal cliff."
So guess what they'll do this time? The most likely outcome is that our government will create another law to prevent the so-called fiscal cliff from ever arriving. But even if it does... it will never be as important as the idea of buying great companies at good prices... and then holding them for years, while collecting ever-increasing dividends.
No matter what happens with the "fiscal cliff," people will continue to drink Coke. They'll continue to use computers powered by Microsoft software. They'll continue to eat burgers from McDonald's. They'll continue to use IT services from IBM.
If you want an idea that'll help you cut through the noise and make great, winning bets when everybody else is panicked, this is it.
Business trumps politics. It's been true for at least a century now... and it will continue for at least a few more.>>
[LIKE THIS BRAVE SOUL SAID, GOLDMAN SACHS CALLS THE SHOTS!!! AND CONGRESS JUST KISSES THAT BEHIND!!!]
MORE INTERVIEWS OF THIS YOUNG MAN HERE:
Trader Alessio Rastani on the BBC says get ready for Market Crash live
Uploaded on Sep 29, 2011
Alessio Rastani on Frost over the World with Sir David Frost.