23 Responses to Obama signs the debt ceiling bill

1. wendydavis August 2nd, 2011 at 2:48 pm 1

   http://www.thechurning.com/images/jumpyoufuckers.jpg

   Reply
2. cmaukonen August 2nd, 2011 at 2:50 pm 2

   In response to wendydavis @ 1

   We can only hope, Wendy.

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3. ubetchaiam August 2nd, 2011 at 2:57 pm 3

   In response to wendydavis @ 1

   Thanks for the laugh WD. Now for the tough part: given how dependent/addicted NYC and NY State are on Wall Street taxation, how do they get weaned off?

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4. john in sacramento August 2nd, 2011 at 4:20 pm 4

   Yea, and the treasuries are tanking too

   http://www.zerohedge.com/news/treasury-curve-pancaking-stocks-approach-1252-support

   … until the financial terrorists get their way again with QE3

   I’m shocked! Shocked to find out that there’s gambling in here /s

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5. jo6pac August 2nd, 2011 at 4:47 pm 5

   In response to john in sacramento @ 4

   Yep, I love zero hedge No punches pulled for anyone

   I guess 0 friends on ws have done their job by giving him $$$$$ and now will make everyone with a 401/pension a serf.

   John I’m just down the road in Tracy

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6. techgeek15 August 2nd, 2011 at 5:00 pm 6

   The flags should be flying at half staff today. This is a travesty and the final nail in the coffin signalling the demise of the American Experiment.

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7. laurastrand August 2nd, 2011 at 5:03 pm 7

   In response to john in sacramento @ 4

   Hey, I’m sure that true American Patriots like Eric Cantor made bank today, shorting US Treasuries. And frankly, I would not be surprised to find out that the President also had a short position. Hedging, dontcha know!

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8. ubetchaiam August 2nd, 2011 at 5:04 pm 8

   From the headlines on zerohedge:
   “Fitch analyst says the US may need additional revenue via taxes
   ECONOMIC COMMENTARY

   Says;
   - US tax burden is low by international standard

   So what is the U.S. tax burden?:
   http://www.juancole.com/2011/08/sound-and-noise-americans-actually-lightly-taxed.html

   Of course most of those countries have healthcare for all.

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9. EvilDrPuma August 2nd, 2011 at 5:05 pm 9

   In response to @

   Will no one rid me of these turbulent spammers?

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10. john in sacramento August 2nd, 2011 at 5:29 pm 10

    In response to jo6pac @ 5

    I guess 0 friends on ws have done their job by giving him $$$$$ and now will make everyone with a 401/pension a serf.

    Right on cue. From washingtonsblog

    Obama and the DNC combined are on pace to far exceed the amounts Obama raised from Wall Street donors in 2008, both in raw dollar amounts and as a percentage of what he raises overall.

    http://www.washingtonsblog.com/2011/08/obama-still-wall-streets-honey-raises.html

    Reply
11. Larue-Clique Member Since LibbyGate August 2nd, 2011 at 5:51 pm 11

    In response to cmaukonen @ 2

    x2 Wendy.

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12. Larue-Clique Member Since LibbyGate August 2nd, 2011 at 5:53 pm 12

    In response to EvilDrPuma @ 9

    I clicked on name and got redirected to an FDL diary.

    But I flagged the comment.

    LeSigh, indeed . . . rid us of such pestilence.

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13. Ohio Barbarian August 2nd, 2011 at 5:55 pm 13

    In response to @

    Flagged for spam.

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14. Larue-Clique Member Since LibbyGate August 2nd, 2011 at 6:00 pm 14

    I just checked my IRA . . . down like The Titanic in the past 5 gambling daze . . . 7-8%.

    *gulp*

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15. Larue-Clique Member Since LibbyGate August 2nd, 2011 at 6:00 pm 15

    Oh, CM, thanks for the diary, rcc’d.

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16. Ohio Barbarian August 2nd, 2011 at 6:02 pm 16

    I love it! Really! There are enough investors on Wall Street, probably the small to middling types, who are intelligent enough to understand that if Americans don’t have any freaking living wage JOBS, then they don’t have any money to SPEND on the products and services being offered by the capitalist corporations trading shares on the Stock Exchange.

    This debt ceiling law only offers to take MORE American consumer dollars out of the economy, thereby decreasing the potential for the capitalist corporations to make a profit.

    This is not rocket science. No demand, no growth, no profit. Obama and the Democrats have sacrificed longterm profit potential for short-term bondholder profits. With lots of Republican cooperation.

    Wall Street banks rule! Not necessarily good for the other capitalists, though.

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17. cole65 August 2nd, 2011 at 6:48 pm 17

    In response to wendydavis @ 1

    Thanks, I needed that.

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18. BMcGarth August 2nd, 2011 at 6:53 pm 18

    In response to Ohio Barbarian @ 16

    Yes! what goes up will come down.
    It’s only a matter of time and somehow I have a feeling that
    that time is nigh.

    Remember,the capitalist will even sell the rope that
    eventually will be used to hang that said capitalist.

    Reply
19. cmaukonen August 2nd, 2011 at 7:25 pm 19

    In response to BMcGarth @ 18

    And they can get it for you wholesale.

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20. cmaukonen August 2nd, 2011 at 7:30 pm 20

    Taking a look at Market Futures, they are all down. Everywhere.

    Apparently investors are not happy with what transpired this last week.

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21. vector56 August 2nd, 2011 at 8:19 pm 21

    Flagged as spam

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22. sadlyyes August 3rd, 2011 at 8:44 am 22

    In response to Ohio Barbarian @ 16

    why dont they get it…from Walmart to the dollar store,to garage sales,to dumpster diving
    we re going down

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23. wendydavis August 3rd, 2011 at 9:02 am 23

    In response to Larue-Clique Member Since LibbyGate @ 14

    Ack! I just checked our retirement plan: Shopping carts and Hefties! Both have doubled in price!

    Reply