Banks urge passage of debt ceiling; call consequences of inaction 'very grave'

After consecutive days of red arrows on Wall Street, CNBC's Eamon Javers reports that the heads of 14 of America's largest banks have sent a letter to President Obama and Congress, urging them to act this week to reach an agreement on the debt and deficit.

Here's the letter:

July 28, 2011

The President of the United States
The White House
Washington, DC 20500

Members of the United States Congress
United States Capitol
Washington, DC 20510

Dear Mr. President and Members of Congress,

We write to you today to urge you to act this week to reach an agreement that will ensure that our Nation continues to meet all of its financial obligations, and that will entail meaningful and concrete steps to put our Nation on a sound fiscal footing.  The consequences of inaction - for our economy, the already struggling job market, the financial circumstances of American businesses and families, and for America's global economic leadership - would be very grave.

Our economic recovery remains very fragile.  A default on our Nation's obligations, or a downgrade of America's credit rating, would be a tremendous blow to business and investor confidence - raising interest rates for everyone who borrows, undermining the value of the Dollar, and roiling stock and bond markets - and, therefore, dramatically worsening our Nation's already difficult economic circumstances.  Given this very real risk, policymakers must correct our fiscal course now, inspire market confidence by paying all of our bills on time, and demonstrate that America is a democracy capable of putting differences aside to solve our most challenging problems.

A credible and predictable path forward, entailing tough decisions on the budget, will create the needed environment for businesses and entrepreneurs to start, grow, innovate, and create high quality jobs for Americans, now and in generations to come.

We strongly urge you to reach an agreement this week.

Respectfully,

Thomas J. Wilson
Chairman, President and CEO
Allstate Insurance Company

Brian Moynihan
Chief Executive Officer
Bank of America

Robert Kelly
Chairman and CEO
BNY Mellon

Vikram S. Pandit
Chief Executive Officer
Citigroup, Inc.

Jim Weddle
Managing Partner
Edward Jones

Lloyd C. Blankfein
Chairman and CEO
Goldman Sachs

James Dimon
Chairman and CEO
JPMorgan Chase & Co.

Steven A. Kandarian
President and CEO
MetLife, Inc.

James P. Gorman
President and CEO
Morgan Stanley

John R. Strangfeld
Chairman and CEO
Prudential Financial, Inc.

Joseph L. Hooley
Chairman, President and CEO
State Street Corporation

Richard K. Davis
Chairman, President and CEO
US Bancorp

John G. Stumpf
Chairman and CEO
Wells Fargo & Company

Robert S. Nichols
President and CEO
Financial Services Forum

Discuss this post

Jump to discussion page: 1 2

What do the banks know anyway?

The Teapublican's have all the answers which have been spoon fed to them by the traitorous, Red Ericksons, Karl Roves & Rush Limpballs.

They're hell bent on reaping as much destruction as possible on the economy...

They're come right out and said so!

  • 21 votes
#1 - Thu Jul 28, 2011 11:20 AM EDT

So GOP/TP People we have CEO's, Wall Street, Banks and 80% of the American people telling you to stop the crap and compromise. What is it that you do not understand?? You AINOS "Americans in Name Only" are on the wrong side of the fence.

You promised to listen to the people - whose people, apparently not the American People.

GOP/TP=> "Ameicans in Name ONLY" that is your new moniker.

  • 17 votes
#1.1 - Thu Jul 28, 2011 11:22 AM EDT

Not a woman CEO signing the letter---talk about a glass ceiling.

  • 13 votes
#1.2 - Thu Jul 28, 2011 11:23 AM EDT

Repeal that ridiculous Frank/Dodd Act as well.....

  • 3 votes
#1.3 - Thu Jul 28, 2011 11:28 AM EDT

Navy, you cant in one post talk about the evil CEOs, Wall Street and nasty banks and then in the next use them as credible sources for a position you want. Which is it, you trust them or you dont. By the way, no response from you yet on Soros avoiding Frank Dodd?

  • 3 votes
#1.4 - Thu Jul 28, 2011 11:35 AM EDT

Looks like the clowns on the left are finally speaking out. The Jokers on the right continue to want to take this country down. Pundits say the Boehner bill has a 50-50 chance of passing. My bet is it will go down.

  • 14 votes
#1.5 - Thu Jul 28, 2011 11:41 AM EDT

But, but, but the reporter for FOX News last night said nothing bad will really happen if we default.

  • 15 votes
#1.6 - Thu Jul 28, 2011 11:46 AM EDT

I hope it does go down in the House Ron. It will cement the incompetence of the GOP/TP in the minds of the American people.

  • 10 votes
#1.7 - Thu Jul 28, 2011 11:48 AM EDT

Now we here from those who will be hurt the worst by default. The republican constituency.

  • 10 votes
#1.8 - Thu Jul 28, 2011 11:50 AM EDT

Feisty's right - the world need more Move On and Think Progress. But hey, it's good to see "we" have progressed from merely evil to traitorous. Steppin' up. They must be getting down right hysterical over at Think Progress.

It used to be "the sky is falling, the sky is falling." Now the Libbie Littles all chant "the tit is drying up, the tit is drying up."

So libbies what should the debt ceiling be? $20 trillion? $50? How about infiniti?

Can some one please explain how Boehner's extension for 6 month is no good, cause it causes too much uncertainty, whereas Reid extension for 18 months is fantastic.

Especially since neither actually address the problem - entitlements.

A well either way we are doomed. Not a leader in sight. Too bad.

  • 8 votes
#1.9 - Thu Jul 28, 2011 11:51 AM EDT

Hey Barack...Your boss Jamie is on the phone.

  • 2 votes
#1.10 - Thu Jul 28, 2011 11:53 AM EDT

Let's have a clean debt-ceiling raise.

  • 10 votes
#1.11 - Thu Jul 28, 2011 12:08 PM EDT

After Speaker Boehner's bill raising the debt ceiling passes today, only Senate Democrats will be standing between this legislation, and President Obama's desk.

Raising the debt ceiling is a fiscal policy issue. Given the urgency of the matter, I don't see why the President wouldn't be able to accept a two-increment increase ahead of the 2012 elections...since his objections to this method appear to be purely political in nature.

The fact that President Obama doesn't want to deal with the debt ceiling again before his reelection campaign kicks into full gear is unfortunate...but the truth is, common practice has been that the period between debt ceiling increases has been less than a year.

The President should keep his eye on the ball...the important thing here is getting the ceiling raised immediately.

He should not be worrying about when the next increase will be necessary...and he should make that clear to Senate Democrats. In any event, Senator Reid doesn't have 60 Senate votes for his alternative plan to raise the debt ceiling...it won't even pass Harry's own branch of Congress, let alone both.

It's simple...the sooner the Boehner bill reaches the President's desk, the sooner the President can get his debt ceiling increase.

  • 5 votes
#1.12 - Thu Jul 28, 2011 12:10 PM EDT

Only under this inept Non-Leader would these types of things occur. He has not only weakened us to the world, he is a total and utter embarrassment. That's what happens when you vote in a smoke-'n-mirrors do-nothing academia type of guy.

  • 2 votes
#1.13 - Thu Jul 28, 2011 12:19 PM EDT

Damned right the banks are worried. If we don't have a budget, how do we bail them out the next time they blow up the economy?

  • 11 votes
#1.14 - Thu Jul 28, 2011 12:19 PM EDT

Just remember, Red; "it takes two to tango."

Obama needs to be willing to bend / compromise on some of these issues also.

  • 5 votes
#1.15 - Thu Jul 28, 2011 12:24 PM EDT

In a prior letter these guys urged Pres. Obama to concede more, and the TP to demand more, and more hostages as this tactic is good for the economy!

Full snark on!

  • 3 votes
#1.16 - Thu Jul 28, 2011 12:28 PM EDT

Dang Mixed, the ONLY thing standing between a Clean Debt Ceiling Vote & the Presidents desk is the GOP House of Representatives!

Why is it that They don't wanna Pay for what they previously appropreated Years ago?

Can anyone on the RIGHT answer that question?

I have a feeling it's because yall don't Pay your Bills, You expect everyone else to!

  • 11 votes
#1.17 - Thu Jul 28, 2011 12:41 PM EDT

Just remember, Red; "it takes two to tango."

Obama needs to be willing to bend / compromise on some of these issues also.

WTF?

J. Merle, The Dems are the only ones doing any bending! Sorry, but if they (we) bend anymore it will be over. "Hey is that the whole fist Doc"? Time for the GOTP to do some bending. The Tea Bags have no interest in compromise they think they are going to "WIN". Win what? A collapsed economy? Gee Thanks!

  • 10 votes
#1.18 - Thu Jul 28, 2011 12:47 PM EDT

Rick,Ky: Dang Mixed, the ONLY thing standing between a Clean Debt Ceiling Vote & the Presidents desk is the GOP House of Representatives!

Well, that, and someone to write the bill, like Congress.

Lets say that the Senate gets the ball rolling and they write and pass a "Clean" bill that raises the debt ceiling by $2.5 trillion. Lets see how that plays out across the country.

Of course Obama would threaten to veto that one too, he promised to veto anything that didn't include raising taxes.

  • 3 votes
#1.19 - Thu Jul 28, 2011 12:47 PM EDT

Damned right the banks are worried. If we don't have a budget, how do we bail them out the next time they blow up the economy?

One Page Legislation - TARP II

Give us the money or else

  • 3 votes
#1.20 - Thu Jul 28, 2011 12:48 PM EDT

It's simple...the sooner the Boehner bill reaches the President's desk, the sooner the President can get his debt ceiling increase.

No, it's a bad bill. It should not pass the Senate. The 14th may come into play.

  • 7 votes
#1.21 - Thu Jul 28, 2011 12:59 PM EDT

JS1, i'm pretty sure it'd play very well across America & the World. However in the State of Denial from which most of you Righties live, it'd be just another hypicritical letdown from your elected Reps.

Such as, but not Only:

Where are the Job's from which these taxcuts were expected to Produce?

Where is that iraqi Oil that was gonna pay for playing in the Sandbox( GWB's museam will have a Trillion Dollar Pistol to look at)?

I guess now that Binladen "sleeps with da fishes", we can all get rid of the Ducttape & plastic, heck ya!

JS1, why is that you Righties want everyone else to pay for Your Mistakes?

Ronnie RayGun armed BinLaden, only to have it BlowUp in Americas face some 20 years later.

If your gonna takeon something JS1, make sure you can Pay for it!

  • 7 votes
#1.22 - Thu Jul 28, 2011 1:05 PM EDT

Rick,Ky:JS1, i'm pretty sure it'd play very well across America & the World.

A reduction in the countries bond rating is nearly assured. Do you think borrowing trillions of dollars wouldn't have it's consquences Rick.

Speaking of paying for things, just what is Obama spending all that money he borrows on? We know Social Security was in jeopardy without borrowed dollars, Obama said so himself. We know the failed 2009 Recovery and Reinvestment Act wasn't paid for. Does that fall under your "make sure you can Pay for it" rant? And how about Nancy Pelosi, who is 2006 said that she would not start new programs without paying for them, passed something called "PayGo", and proceeded to deficit spend to the tune of $5 trillion dollars in 4 years - does that fall under your "make sure you can Pay for it" rant?

To many questions too fast Rick? Take your time figuring them out because like Obama, you've got nothing but time.

  • 3 votes
#1.23 - Thu Jul 28, 2011 1:17 PM EDT

FRANK/DODD REGULATING BANKS ARE YOU KIDDING????

In 2003, while the ranking Democrat on the Financial Services Committee, Frank opposed a Bush administration proposal, in response to accounting scandals, for transferring oversight of Fannie Mae and Freddie Mac from Congress and the Department of Housing and Urban Development to a new agency that would be created within the Treasury Department. The proposal, supported by the head of Fannie Mae, reflected the administration's belief that Congress "neither has the tools, nor the stature" for adequate oversight. Frank stated, "These two entities ...are not facing any kind of financial crisis ... The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."[62] In 2003, Frank also stated what has been called his "famous dice roll":[63] "I do not want the same kind of focus on safety and soundness [in the regulation of Fannie Mae and Freddie Mac] that we have in the Office of the Comptroller of the Currency and the Office of Thrift Supervision. I want to roll the dice a little bit more in this situation towards subsidised housing."[64]

  • 2 votes
#1.24 - Thu Jul 28, 2011 1:23 PM EDT

Hey, All of you that signed that letter, how many of you still owe America money from your bank bailout? Then shudup

  • 4 votes
#1.25 - Thu Jul 28, 2011 1:24 PM EDT

JAS1,

Iraq, Afghanistan, Tax Cuts, TARP - they were funded or did we borrow to pay for those? Simple question for a simple person. Would you be able to answer this without going off topic and trying to somehow make Obama responsible for them?

  • 4 votes
#1.26 - Thu Jul 28, 2011 1:27 PM EDT

Mixed Bag agree with some of your post. I'm glad you see the uncertainty factor that these bank presidents warn about.

My take is that the reason we shouldn't have the two step increase is can our economy take six more months of uncertainty? An immediate debt increase today would give us a reprieve for a month or so then all these talks and showdowns/theater will begin again. You know you can't have that uncertainty and unfriendly business atmosphere that the GOP likes to pin on Obama.

Personally, if I was President I would not veto the bill. Whew hard to say that.

For the good of the country Obama should sign a bill if it is the last/only recourse.

For the partisans like myself... Take the $900 billion in cuts over 10 years and then fight for limited cuts with Congressional Dem support in those super committees. Then use this whole fiasco as a campaign issue. Bully pulpit this to death in his rallies and campaign events.

  • 2 votes
#1.27 - Thu Jul 28, 2011 1:28 PM EDT

What a bunch of experts we have on the liberal left side. NavyBoy, which argument is correct with you: the bankers are evil, or credible? And you continue to regurgitate old lines of old talking points.

By the way, are you willing to share with the community your retired rank and percentage of disability?

Inquiring minds want to know.

  • 1 vote
#1.28 - Thu Jul 28, 2011 1:31 PM EDT

Yellowdog-Mark D - you are correct, the uncertainty is the main problem for companies growth and hiring.

What is hurting me and others here in my town that I know that run businesses is we need consumers. No one likes taxes but that is not what is hurting us, it is lack of consumers. Our hope is the unemployment goes down and people start to spend, it would be awesome for our business and the country. Rather than the trickle down affect it would be more like the bubble up economics. People get jobs, they spend money (sales tax too), I make money and grow and can maybe add a few people and suddenly we have more consumers. The tax base would improve which might in turn eventually give us a relief on taxes but none of this can happen until the jobs come back and we can spend again. 2/3 of the nations economy is consumption.

  • 6 votes
#1.29 - Thu Jul 28, 2011 1:33 PM EDT

Rick,Ky

Where is that iraqi Oil that was gonna pay for playing in the Sandbox( GWB's museam will have a Trillion Dollar Pistol to look at)?

the harder thing for me to stomach from your statement is that the George W Bush Pres. Library is being built across the street from me and my balcony from my building which overlooks it. Even worse he lives a mile form me.

  • 2 votes
#1.30 - Thu Jul 28, 2011 1:47 PM EDT

Rick 1960,

Thanks for the comment, my fellow north Texan. Honestly I don't know how they got the floor area ratio and parking to work for that musuem site.

  • 1 vote
#1.31 - Thu Jul 28, 2011 1:59 PM EDT

Yellowdog - Mark D:

The ratio of parking to floor area requirement was waived. The justification was that only Texans who could read would use the parking lot. It turns out the parking area is grossly over-sized.

  • 3 votes
#1.32 - Thu Jul 28, 2011 2:11 PM EDT

@Rick, KY - oh, not pay their bills - like Joe "Tea Party" Walsh being over 100K behind on CHILD SUPPORT???? Hmmm....that's illegal....doesn't Tea Party claim that illegal behavior means arrest? Punishment? Hell, if he doesn't give a rat's posterior for his own kids, why should he care what happens to yours???

  • 5 votes
#1.33 - Thu Jul 28, 2011 2:29 PM EDT

Remember, Mark-

The bipartisan "Gang Of Six" is still working on a long-term plan for $4 trillion in spending cuts and the complete reform of the tax code in an effort to increase economic growth, with a resulting increase in revenue to the federal government.

If they produce such a plan, it will satisfy the financial markets that the U.S. is serious about addressing its long-term debt problem.

President Obama should accept the Boehner plan in order to raise the debt ceiling now...plenty can happen in the next six months.

The President should be worrying about the next six DAYS...instead of his reelection campaign.

  • 3 votes
#1.34 - Thu Jul 28, 2011 2:50 PM EDT
Reply

xx

  • 3 votes
Reply#2 - Thu Jul 28, 2011 11:21 AM EDT

How about if the Dems Repeal Frank/Dodd first....

  • 3 votes
#2.1 - Thu Jul 28, 2011 11:27 AM EDT

Banks are calling......i should guess profits are dwindling e.g Goldman Sachs. but they never said they're ready to give up tax subsidies. "crack politicians" listen to one of your "crack constituent"

UAW Pleeeeeeeease

what lesson/s did you learnt from the last financial collapse......nothing right? So your in support of reckless, fraudulent and pick pocketing financial practices. kudos.

  • 9 votes
#2.2 - Thu Jul 28, 2011 11:47 AM EDT

Banks don't care about Frank/Dodd, no teeth and they know it. Why do you think Russ Feingold and Mary Cantwell fought so hard against it?

Too big to fail is alive and well.

  • 9 votes
#2.3 - Thu Jul 28, 2011 11:53 AM EDT

Dodd/Frank is a disaster, written by the big brained folks that brought us Frannie and Freddie. Say, Freddie and Fannie must have righted the ship and be doing fine now, right? Sure don't hear too much about them in the news these days. Huh?

Pius, when you refer to "tax subsidies" and Goldman Sachs, what are you referencing?

Pius, I wonder, have you ever calculated a depreciation schedule or enjoy capital gain income on a regular basis?

  • 5 votes
#2.4 - Thu Jul 28, 2011 11:55 AM EDT

UAW - We were told in 2008 that we needed TARP and the bank bailouts. Fine...but you then can't go back to business as usual and repeal Frank/Dodd.

  • 2 votes
#2.5 - Thu Jul 28, 2011 12:06 PM EDT

FYI

Only 52 or so regulation/rules in Frank-Dodd have been written/implemented. The other 350 or so have yet to be written. If you think it means nothing or has no teeth just ask a the commercial real estate market which feeling the pains from was has been implemented. Not to mention the mutal fund managers or your boy Soro who has stopped being a hedge fund manager so doesn't have to comply with the SEC rules. All Dodd-Frank does is further stall the recovery (which is not here yet btw) and will make it harder for business to operate.

Dodd-Frank is as big of POS as Obamacare!!

  • 2 votes
#2.6 - Thu Jul 28, 2011 12:09 PM EDT

If Frank-Dodd is a burden, considering the last epic financial meltdown, don't we need at least some measures to cub excesses and on wall street hold the players responsible? Just don't get it.

spanky, market has been stable for some time now. recent market uncertainty is politically manipulated with help coming from wall street rogues. the powerful corporation wants to make us believe some kind of regulatory measures is hindering business but not hindering their personal pockets.

Checkout the hedge fund managers coffers and tell me if this is not greed. Depreciation is real and it will be like that for sometime. e.g the housing market is the big burden on the economy and still hasn't bottomed out yet in my opinion. The way out is creating jobs which has been derailed by this nonsense purposely infused to further create uncertainty.

  • 4 votes
#2.7 - Thu Jul 28, 2011 12:33 PM EDT

Attacks on Frank-Dodd are justified only in that it did not go far enough.

Provisions should be added to it:

1. Repeal the Federal exemption from anti-trust enforcement for insurance companies;

2. Set a five-year plan to break off the investment banking and insurance businesses from commercial banking (essentially, reinstating the major provisions of the Glass-Steagall Act);

3. Toughen regulation of derivatives marketing;

4. Prohibit credit default swaps.

These are some of the principal areas that brought about the 2007-2008 collapse. While it is fashionable for the right to claim that poor people getting mortgages they couldn't afford is why the collapse happened, a comprehensive review of the facts shows otherwise. There simply weren't enough unqualified borrowers to account for a crash of greater than $14 trillion, no matter how much some think the poor, as always, are to blame.

  • 5 votes
#2.8 - Thu Jul 28, 2011 1:08 PM EDT

FRANK/DODD??? With out that idiot Barney Frank we could have avoided the housing crisis back in 2003......

In 2003, while the ranking Democrat on the Financial Services Committee, Frank opposed a Bush administration proposal, in response to accounting scandals, for transferring oversight of Fannie Mae and Freddie Mac from Congress and the Department of Housing and Urban Development to a new agency that would be created within the Treasury Department. The proposal, supported by the head of Fannie Mae, reflected the administration's belief that Congress "neither has the tools, nor the stature" for adequate oversight. Frank stated, "These two entities ...are not facing any kind of financial crisis ... The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."[62] In 2003, Frank also stated what has been called his "famous dice roll":[63] "I do not want the same kind of focus on safety and soundness [in the regulation of Fannie Mae and Freddie Mac] that we have in the Office of the Comptroller of the Currency and the Office of Thrift Supervision. I want to roll the dice a little bit more in this situation towards subsidised housing."[64]

  • 1 vote
#2.9 - Thu Jul 28, 2011 1:35 PM EDT

John A: Agree with everything you posted.

  • 1 vote
#2.10 - Thu Jul 28, 2011 3:33 PM EDT
Reply

Who do you think is behind the scripting of this debacle?

Who do you think has bankrolled the lawmakers that have consistently voted to enrich the BANKS instead of the people losing their mortgages?

Who do you think will benefit from the raising of the debt ceiling?

Pardon me if I really don't care WHAT the banks want in this case.

  • 15 votes
Reply#3 - Thu Jul 28, 2011 11:22 AM EDT

Pietro:

TOUCHE'

Right on the money just like we said about Wall Street. Birds of a feather flock together and their childeren are not behaving like adults.

  • 9 votes
#3.1 - Thu Jul 28, 2011 11:36 AM EDT

I know Pietro, I got this one.

the answer is not you or Navy. And probably not all those fine upstanding citizens that thought they could afford a $500,000 house on a $30,000 salary.

Funny thing is two of the champions of those evil banks were/are Frank and Dodd. Oh and as Bryan learned just yesterday, Little Timmy Geitner as well.

Oh and Navy, I don't think "touche" means what you think it means.

  • 6 votes
#3.2 - Thu Jul 28, 2011 11:59 AM EDT

The president cares about what they think, a lot...

___________________________________________________________________

http://www.opensecrets.org/pres12/contrib.php?cycle=2012&id=N00009638

Obama pushing behind scenes to win over big-dollar donors

Campaign officials are working to broaden Obama’s network of “bundlers,” the well-connected rainmakers tasked with soliciting big checks from wealthy donors, while seeking to preserve the aura of a grass-roots movement by luring back the kind of small Internet donations that helped shatter fundraising records four years ago.

To do so, Obama and his aides are leveraging every asset available to a sitting president — from access to top West Wing officials to a possible food tasting with the White House chef.

Much of the fundraising in recent weeks has occurred at targeted events designed to appeal to specific groups, many of which have expressed frustration with administration policies, including Jews, gays and business leaders. Obama has attended 28 fundraisers from coast to coast — a pace that could continue, or even accelerate, over the next several months.

http://www.washingtonpost.com/business/economy/obama-pushing-behind-scenes-to-win-over-big-dollar-donors/2011/06/24/AGO5NGoH_story.html

The real adults know that politicians are all the same when it comes to big money...

  • 3 votes
#3.3 - Thu Jul 28, 2011 12:04 PM EDT

So Pietro and Navy are not adults?

Come on Dangerfield - everybody knows Obama is all about the "little" donors. $20, $30 a shot.

He would never,ever suck up to greedy corporate and banking bastards. He would never hire them in his administration or even associate with them.

I know, cause that's what I learned here at First Read.

  • 5 votes
#3.4 - Thu Jul 28, 2011 12:15 PM EDT

Spanky,

I am now learning why you only respond in short, but precise statements. The left can't comprehend much more at a time.

Brevity wins over wind-bag extended comments any time.

    #3.5 - Thu Jul 28, 2011 1:36 PM EDT

    The real adults know that politicians are all the same when it comes to big money...

    I guess I will have to start calling you Mr. dangerfield from now on. I would point out sir that the key word in the sentence is politicians. That modifier, all, is pretty important too.

    • 1 vote
    #3.6 - Thu Jul 28, 2011 1:46 PM EDT
    Reply

     Wow- I just heard some funny sh!t on Glenn Beck.  I had to run an errand, and he was on the radio when I started the car.   Seems him and his little gnome-friends/helpers are reaming McCain a new one for 'dissing' the 'baggers.  I mean, it's become an all-out war between these two worthless parties now. 

    Did I say 'Funny'?  Yep- funny as hell!

    • 13 votes
    Reply#4 - Thu Jul 28, 2011 11:37 AM EDT

    Of course Glenn Beck would jump at the opportunity to belittle anyone with an ounce of common sense.

    And quite frankly DBO, i am disappointed that GB happened to "be on" when you started the car. Is there something you're not telling us? LOL!

    • 10 votes
    #4.1 - Thu Jul 28, 2011 11:44 AM EDT

    McCain finally acts like a senior statesman and his own party turns on him. Geesh.

    • 12 votes
    #4.2 - Thu Jul 28, 2011 11:45 AM EDT

    The Maverick is back!

    • 4 votes
    #4.3 - Thu Jul 28, 2011 11:52 AM EDT

    ". Is there something you're not telling us? LOL!"

    That did cross my mind. That someone would sniff that out. But really- when I shut it off in the morning, Bob and Tom are on (a comedy team morning show out of Indy, in case they are not in your town). And me- I love comedy. That's why I left Beckerhead on when I got in again....

    • 6 votes
    #4.4 - Thu Jul 28, 2011 12:02 PM EDT

    So let's pick, shall we guys?

    Either the Tea Party is running the show and controlling the republican party - as reflected in the topic of the day, OR it it is a worthless party. Pick.

    Say anyone recall the good old days when it was all about the republican party that marched in "lockstep?" Christ Feisty typed that word so many times I bet her L is plum wore out.

    And gosh drive by if both the Tea Party and the republicans are indeed worthless, what does that say about the democrats and Obama?

    Or is all this debt ceiling, debt and deficit stuff the dems' idea of a good time.

    Bryan - don't be too hard on DBO - he loves him some Hannity too.

    • 4 votes
    #4.5 - Thu Jul 28, 2011 12:03 PM EDT

    DBO, It's all good. I was just busting b@ll$. I get your love of comedy by reading your posts regularly. Keep it up.

    • 7 votes
    #4.6 - Thu Jul 28, 2011 12:04 PM EDT

    Bryan - don't be too hard on DBO - he loves him some Hannity too.

    When i want irrelevant banter about absolutely nothing, i tune him in too. But i would never be caught dead listening to the drivel spewed by that chowder-head glenn beck. Notice i can't even capitalize his first and last name that is how much disdain i have for him.

    • 6 votes
    #4.7 - Thu Jul 28, 2011 12:07 PM EDT

    Holy hell Bryan you sure showed him!

    Now, you feel better? I bet you totally do.

    That's power. Do you capitalize Geitner's name? How about Lehman?

    Fun stuff, right?

    • 5 votes
    #4.8 - Thu Jul 28, 2011 12:11 PM EDT

    Spanks,

    At least i don't like other guys junk in my mouth as you reported to "love" in a later thread (#8.5). Touche i believe?

    • 5 votes
    #4.9 - Thu Jul 28, 2011 12:20 PM EDT

    What's the matter Bryan, Ms. Bryan little cold?

    There are of course two players in the tea bag, the bagger and the baggee.

    So now you employ the Drive By route? Can't talk on the merits so go with the gay slurs?

    You could instead stick it me by not capitalizing the S.

    You are better than that, yesterday's little set back aside.

    • 4 votes
    #4.10 - Thu Jul 28, 2011 12:33 PM EDT

    Spanky,

    There were no mertis to address in your comment. Don't you consider that a tad hypocritical considering your seeming inablility to stay on topic? Besides, i'm not the one suggesting i like being the "baggee".

    • 6 votes
    #4.11 - Thu Jul 28, 2011 12:39 PM EDT

    Now, Now, boys- play nice. You two are starting to sound like you might not like eachother.

    Like Martin and Lewis wound up.

    Or Boehner and Cantor.

    Or 'Baggers and humans.....

      #4.12 - Thu Jul 28, 2011 1:33 PM EDT
      Reply

      Well crafted letter. I'm afraid it's too late. They should have stood up in November before the inmates took over the asylum.

      People, we have only ourselves to blame for this mess. If we don't show up at the polls, they win. Period. Get out and vote. As often as humanly possible for everything possible. This is not a laughing matter.

      Here's to hoping that the Speaker takes America seriously. More seriously than a bottle of scotch and a pack of cigarettes.

      • 13 votes
      Reply#5 - Thu Jul 28, 2011 11:40 AM EDT

      Good post, Bryan---glad to see you having the time to chime in here. Hope all is well with the kiddos and your saintly wife!

      • 8 votes
      #5.1 - Thu Jul 28, 2011 11:42 AM EDT

      As Thom Hartmann always says, "We're great! But we'll get better!"

      The twins are getting big fast. Sleeping almost completely through the night at 4 months. God send they really are.

      Thanks Steeler Fan.

      • 5 votes
      #5.2 - Thu Jul 28, 2011 11:46 AM EDT

      "Get out and vote. As often as humanly possible for everything possible"

      ...And you wonder why the polls show overwhelming support for a voter ID at the polls...You moonbats dont even try to hide your desire for vote fraud....

      • 1 vote
      #5.3 - Thu Jul 28, 2011 11:50 AM EDT

      Bob, you are an ignorant fool. WHERE THE F*(K IN MY POST DID I ENCOURAGE ANYONE TO COMMIT VOTER FRAUD?

      Problem with you Bob, is that you have less than average intelligence. And you prove it here every day.

      • 10 votes
      #5.4 - Thu Jul 28, 2011 11:58 AM EDT

      Ah Bryan but the dems did vote - for obamacare.

      You all made the bed, so you might as well lie down and enjoy it.

      You are having fun right? You kinda knew that forcing through Obamacare would have consequences, right.

      Waivers and small business pulling their health care, rising costs, buracratic nightmares aside, you all should really thank Pelosi for this fun.

      I know I am.

      • 6 votes
      #5.5 - Thu Jul 28, 2011 12:06 PM EDT

      Spanky,

      I am not talking about Obamacare. I'm talking general and midterm elections. Thanks for contributing nothing to the conversation, as usual. But hey, it makes you feel better now doesn't it?

      • 7 votes
      #5.6 - Thu Jul 28, 2011 12:11 PM EDT

      There is no wide spread voter fraud. It's a myth fabricated by the Republican-Tea Baggers in order to keep people from voting.

      The biggest voter fraud case took place in Fl. during the 2000 election.

      • 9 votes
      #5.7 - Thu Jul 28, 2011 12:14 PM EDT

      Ah Bryan, try to see the big picture. The only reason we are here now, with a large republican House majority is Pelosi's stewardship/obamacare.

      So yeah, knowledge and understand does make me feel better. Probably not as ggod as not capitalizing Beck's name, or implying that I'm gay does for you, but to each his own, right Bryan?

      • 7 votes
      #5.8 - Thu Jul 28, 2011 12:37 PM EDT

      Knowledge and understanding? A true narcissist will try and turn someones words against them. I was trying your shoes on for a change. Don't like them much. They're much too small.

      And for the record, i did give you the opportunity to refute my claim, but in typical fashion, you just avert the question, which gives me the answer i was seeking. Sometimes you are your own worst enemy.

      • 7 votes
      #5.9 - Thu Jul 28, 2011 12:41 PM EDT

      Avert? He (Spankie) ain't even started yet, Bryan- I mean, has he asked you how many Volts you have in your stable yet??

      Hey, Spankie-nator- what's in the old tumbler today? Scotch? Crown??

      • 1 vote
      #5.10 - Thu Jul 28, 2011 1:37 PM EDT

      Spanky - do us all a favor and lose your driver's license.

      • 1 vote
      #5.11 - Thu Jul 28, 2011 1:57 PM EDT
      Reply

      What are the posts in each thread with xxx symbolize or mean? Is there some secret code that the gang uses to say "your turn"?

      • 2 votes
      Reply#6 - Thu Jul 28, 2011 11:43 AM EDT

      Kirk--you have to purchase the secret spy decoder ring to find out!

      • 7 votes
      #6.1 - Thu Jul 28, 2011 11:46 AM EDT

      Kirk - it is a secret code used by 'the gang'.

      • 5 votes
      #6.2 - Thu Jul 28, 2011 11:46 AM EDT

      Is there some secret code that the gang uses to say "your turn"?

      Jesus Kirk!

      Does the paranoia ever reach a conclusion? lol

      • 8 votes
      #6.3 - Thu Jul 28, 2011 11:47 AM EDT

      Not me, I could care less. I was hoping it was going to lead to a porn cite.

      • 1 vote
      #6.4 - Thu Jul 28, 2011 11:52 AM EDT

      Not me, I could care less. I was hoping it was going to lead to a porn cite.

      XXX = DNC.com

      • 2 votes
      #6.5 - Thu Jul 28, 2011 11:57 AM EDT

      I thought it was the Libs r us thought process. Or

      A libbie voting present?

      Post in the wrong place.

      • 4 votes
      #6.6 - Thu Jul 28, 2011 12:08 PM EDT

      "Be sure to drink your Ovaltine."

      • 3 votes
      #6.7 - Thu Jul 28, 2011 12:15 PM EDT

      xxxx

        #6.8 - Thu Jul 28, 2011 12:20 PM EDT

        Spanky: A libbie voting present?

        A libbie's signature. "XXX". First initial, middle initial, last initial.

        w bush:xxxx

        The last "X" is this case means "Jr."

        • 1 vote
        #6.9 - Thu Jul 28, 2011 12:39 PM EDT

        It's titles from the C Street house DVD collection- how many times I gotta tell you?

        (Ovaltine? A curmmy comercial??)

          #6.10 - Thu Jul 28, 2011 1:39 PM EDT

          Spanky,

          What's a Libsrus? Is that like a snark?

            #6.11 - Thu Jul 28, 2011 1:43 PM EDT
            Reply

             These past 10 years the Republicans have destroyed the soul of the "United States of America" and have converted it to "$America, Inc."

            • 9 votes
            Reply#7 - Thu Jul 28, 2011 11:49 AM EDT

            The only person who has destroyed the soul of America, if it has one, is Barack Hussein Obama. He is a failed incompetent president. His supporters are mainly people who pay no taxes whatsoever or people who are completely on the federal, state, or local government dole. There are exceptions, e.g., 70% of atheists and agnostics support Obama. These people could care less if Obama wants to raise taxes as long as their largesse is untouched. This might just be the "soul of America", if America ever had a soul.

              #7.1 - Thu Jul 28, 2011 3:20 PM EDT
              Reply

              Maybe I can ask this question without getting pummelled but why do you guys refer to the Tea Party as Tea Baggers? Everytime I see a post that uses the word Tea Bagger I immediately think the poster must be some incredibly low IQ person who has no ability to critically think and defend or justify their positions without personal attacks while deflecting the discussion to something they are more comfortable with like "Wow lets tax the rich or the poor will be lining the streets walking 3 miles uphill each way for the soup line" I think the Tea Party congressional members are on the wrong side of the current debt crisis in their unwillingness to compromise but I respect the fact that they have put a very important fiscal issue in the National forum.

              However, I know there are plenty of conservatives who also use personal attacks on here and I usually dismiss them too but besides name calling for Obama, Reid, Boehner or name your favorite politician as a Nazi thug, but I dont hear any names being used for anybody part of the radical loony far left agenda that mirrors what many think of the far right tea party agenda. Is it a form of jealousy because the Tea Party has been so successful? But radical is radical regardless of whether its right or left and only the Tea Party members get singled out on here. So come on lets start a name party for the radical left, so what should we call the socialists? the Anarchists, the environmental crazies or greenies that believe we should be using a horse and buggy, PETA, the race baiters, the Bernie Sanders crowd, the few who actually think Card Check is a good thing, the people who dont want a Global economy, the people who want to make circumcision illegal, most of San Francisco, people who want to tax any food they think is bad for you rather than personal accountability, pacifists at all costs, the anti gun of any kind crowd, the rehabilitation of sex offenders crowd, the legalization of all drugs crowd etc. Since we have the Tea Baggers, I want a catchy name for all of these loony folks too? It doesnt seem fair while we are trying to create more divides among us all not to have some names for these people too.

              • 3 votes
              #8 - Thu Jul 28, 2011 11:51 AM EDT

              Take your blinders off, Mr. Delicate Senisibilites.

              On this page alone, Bob referred to Liberals as moonbats.

              • 13 votes
              #8.1 - Thu Jul 28, 2011 11:57 AM EDT

              Kirk - the Tea Partyers referred to THEMSELVES as 'Teabaggers', probably in reference to the tea bags that they stapled to their hats when demonstrating.

              Of course, once they found out what 'Teabagging' REALLY meant, they have been trying to change the narrative ever since. Unfortunately, the term 'Teabagger' has stuck, so no matter what the Tea partyers do, they will ALWAYS be known as 'Teabaggers', and have to deal with the stigma of that term.

              It couldn't happen to a nicer bunch.

              Really.

              • 13 votes
              #8.2 - Thu Jul 28, 2011 11:58 AM EDT

              Kirk,

              Love the run-on paragraph to open your post. And you argue that we are unintelligent. Good job champ.

              • 11 votes
              #8.3 - Thu Jul 28, 2011 12:01 PM EDT

              Take your blinders off, Mr. Delicate Senisibilites.

              SWEET!

              You just summed poor kirk up explicitly! ;o)

              The idiots were running around with tea bags stapled to their foreheads, PRIOR to doing any type of research on what the term meant.

              They asked for it & now they OWN it!

              • 11 votes
              #8.4 - Thu Jul 28, 2011 12:07 PM EDT

              Who doesn't love a good tea bag?

              I know I sure do. :)

              • 3 votes
              #8.5 - Thu Jul 28, 2011 12:09 PM EDT

              Kirk......have a conversation with Bob lots of numbers, y'all seem to have a lack of understanding of what's what in the world.

              By the way, what is a porn cite?? Is this a TeaBagger site?

              • 9 votes
              #8.6 - Thu Jul 28, 2011 12:09 PM EDT

              Spanky-

              Who doesn't love a good tea bag?

              I know I sure do. :)

              Spanks, you like balls in your mouth? Or are you actually talking about tea (e.g. Tetley)?

              • 10 votes
              #8.7 - Thu Jul 28, 2011 12:12 PM EDT

              Amy, and I think anyone who referred to you as a Moonbat just lost any chance of having a credible debate or argument with you too. Sorry this wasnt me being thin skinned as Pietro likes to call me, it was my attempt at some posting humor. Maybe you guys need to toughen up

              • 2 votes
              #8.8 - Thu Jul 28, 2011 12:15 PM EDT

              Kirk, I agree with this part of your post:

              I think the Tea Party congressional members are on the wrong side of the current debt crisis in their unwillingness to compromise but I respect the fact that they have put a very important fiscal issue in the National forum.

              But it's buried in a 400-word rant about insults, in which you hurl just as many as the folks you're inditing.

              • 4 votes
              #8.9 - Thu Jul 28, 2011 12:20 PM EDT

              If you folks stop calling President Obama a Socialist, and the Affordable Health Care Act, Obama Care, I will stop calling Tea Baggers, Tea Baggers.

              • 9 votes
              #8.10 - Thu Jul 28, 2011 12:21 PM EDT

              What insult did I hurl? Lighten up Francis! I was actually asking for some good names for the radical left just like we have for the radical right, I didnt realize that was hurling insults. Ursula, I wasnt advocating any political positions, I was asking for a funny name.

              Job1, even though I have never called Obama a socialist but I have referred to the health bill as Obamacare, are those insults?

              • 1 vote
              #8.11 - Thu Jul 28, 2011 12:33 PM EDT

              Job1, even though I have never called Obama a socialist but I have referred to the health bill as Obamacare, are those insults?

              Yes, to the President.

              • 1 vote
              #8.12 - Thu Jul 28, 2011 12:56 PM EDT

              Interesting mmm when did he tell you that? I would think he would be proud owner of the new Health Care Bill and he would take Obamacare as a term of endearment so I am surprised he told you that calling that was an insult. I am also surprised he told you he was offended by being called a socialist but I could understand that one more. Hanging out with local terrorists, a good friend and preacher who taught his church with similar views and certainly anti-american slogans etc that he was very familiar with that word but I can see why he wouldnt like it. But thanks for providing a link directly to the President's views.

              • 1 vote
              #8.13 - Thu Jul 28, 2011 1:41 PM EDT

              The far-left reaches should earn their nickname!

              If the tea-party caucus succeeds in actually cutting the cr*p out of entitlements and such-like , we should call them the 'Tea-Bagged'.

              If they manage to hold their ground, pass a clean-slate debt ceiling or even Reid's plan well...we'll just need to come up with something else.

                #8.14 - Thu Jul 28, 2011 2:52 PM EDT

                Libtards, ProgrASSives, DemNOcrats, Moon Bats, Odumbo, Obummer, bam-bam, idiots, donkeys, BO, morons, etc.. Who can blame them if they want to come up with a cute nickname like tea baggers for the people that are schooling them on how to return fiscal sanity to our government?

                  #8.15 - Thu Jul 28, 2011 3:29 PM EDT

                  H'mmm. Teabags stapled to their baseball hats. That seems a lot more sane than running around with your nutsacks super glued to your thighs. What's a good names for this practice? Sticky scrotums?

                    #8.16 - Fri Jul 29, 2011 12:59 PM EDT
                    Reply

                    Thanks Pietro, to be honest I didnt know that the Tea Party guys had screwed up like that. Pretty funny. Bryan not sure what you are referring to as did you think I was talking to you? But thanks "Ace" for the reply. Pietro already thinks of me as thin skinned but my real issue isnt stream of consiousness writing or emails which you somehow compare to the art of writing personal attacks and deflection. It seems as if so many posters--left or right--prefer the attack rather than using any critical thought. Obviously, that point must have been too subtle for you so I was being a little tongue in cheek. Pietro told me to lighten up which I did and I thought that post was somewhat cute. Toughen up Bryan and stop being so thin skinned and listen to Pietro. Hell, you have the support of 80% of the posters on this board and maybe 35% of the electorate so your in good company.

                    • 1 vote
                    Reply#9 - Thu Jul 28, 2011 12:10 PM EDT

                    My goodness did you read the list of names on that letter, damn near every despicable greed driven entity that caused our economy to plummet into the abyss is on there, it's touching the way they are "concerned" about America's economy and each and every U.S. citizens well being, one things for sure if these entities don't want a default there won't be one, although it has absolutely nothing to do with what's good for this country, it is the fact that if the default were to occur the "free" money that the FED has been handing out to each and every name on that list would dry up, oh the horror, it would cost more to build a new plant in China or whatever "slave wage" country they had their sights on, that would indeed be a tragedy and by today's standards "un-American", if the cats on that list don't want default I tend to think default might not be such a bad thing after all, but it won't happen because the entities on that list own the best government that money can buy.

                    • 8 votes
                    Reply#10 - Thu Jul 28, 2011 12:13 PM EDT

                    My turn. I'll raise you 3 trillion. I'll take the fourteenth and plead the fifth. Your call-what ya got? ;0)

                    • 2 votes
                    Reply#11 - Thu Jul 28, 2011 12:15 PM EDT

                    And just exactly what good is this letter going to do? The problem is not that people don't understand the seriousness of the problem. The problem is that there is no consensus on how to solve it. This letter gives no suggestions as to what they think the fix should look like (indeed, nobody wants to do that!). I'm from Minnesota, and we just went through this. It's easy to say "Don't shut down the state." It's difficult to actually come up with an agreement that prevents the state from shutting down (in Minnesota's case, it only happened after the fact).

                    Same problem here. Telling them to solve it is a waste of space. Proposing a solution that all parties can accept is the key, and this letter doesn't do that.

                    • 1 vote
                    Reply#12 - Thu Jul 28, 2011 12:18 PM EDT

                    Steve-#######,

                    I beg to differ. The message is clear. Raise the debt limit and allow the U.S. to pay it's bills. As far as i can tell, the letter was written in English, no?

                    The "problem", IMHO, is that the Teabaggers have hijacked the full faith and credit of the United States of America for political gain. Not to solve the nations debt problems, but to ensure that Obama is blamed come November 2012.

                    Oh and btw, the voting public is not fooled by this.

                    • 5 votes
                    #12.1 - Thu Jul 28, 2011 12:46 PM EDT
                    Reply

                    if the ceiling is raised without any new tax revenue, the pubs will claim victory and the dems will lose. the president said it had to have new tax revenue and it must!

                    • 2 votes
                    Reply#13 - Thu Jul 28, 2011 12:39 PM EDT

                    It seems to me that since financial institutions backed some of the Tea Party they should hold some sway over them by not backing any of their campaign. The banks should also loand this government a one time bail out since the public bailed them out. Time to pay it forward.

                    • 2 votes
                    Reply#14 - Thu Jul 28, 2011 12:44 PM EDT

                    Two thoughts: I wonder if those who keep saying the threat of default isn't real might start believing it when these guys say it is. Second, I wonder if when Tea Party "hobbits"* decide to remodel their house if they burn it down first because that's clearly what they're trying to do to our country. Let's hope 2012 puts an end to this ridiculous experiment of electing people based on how angry they are because what we're seeing is they know how to do one thing and one thing only - be angry. Be leaders? Look out for the interest of our country? Prepare for the future? Fuggedaboudit!!!!

                    *You read it here first - that moniker's going to stick. Thank You John McCain.

                    • 5 votes
                    Reply#15 - Thu Jul 28, 2011 12:45 PM EDT

                    The letter is merely political theater for the public, there will be no default because a default would negatively effect the very people who dictate what government does, it is a ploy to make Obama sign into law something that will benefit the people who wrote that letter and negatively impact the ordinary citizen, nothing more than corporate terrorism.

                      #15.1 - Thu Jul 28, 2011 1:09 PM EDT

                      I would rather refer to the teabaggers by their true agenda as "economic terrorists". We still have some enforceable laws concerning the "war on terror".

                      • 3 votes
                      #15.2 - Thu Jul 28, 2011 2:01 PM EDT
                      Reply

                      late inthe day and by the very people who caused the crisis in the first palce.You notice well Fargo is no under ivestigation and so is Goldman sachs. Well Fargo didn't paytaxes this year and niether did Bank of America-for tem to say Amerrica is overtaxed is hooey.They very poeple who gave us designed to fail securites are now worried-wooried, mind you..Where were they whe nthe were blitly giving out CDO's left and right? Where were thay when the accepted fraudlent mortages? Where were they when they fought against finance reform? Where were they when derivavtives were $878 Trillion dollars-12x the value of all industial econies combined?

                      Only now at this late date the suddenly worry.

                      Where were they in the Tea party debates? Where were they when congressmen proposed to LOWER the debt ceiling, not raise it?. Not one Washington spokeman for banks commneted! Or critcized!

                      Where they during long moths they could have lent money to small business and stimulated the ecomony-and got the ecomony moving again so there would be confidence? Istead they sat on their excess reserves-not even lending a dime. Small biz lending rate are stillb elow 2008 levels. That sit on $2.3 Trillion in excess reserves today. fortune 100 have $2.4 Trillion unspent.

                      This isn't the goverment recession-this is the deliberate bank recession.

                      • 2 votes
                      Reply#16 - Thu Jul 28, 2011 12:55 PM EDT

                      Basically their interest in the debt limit is self-serving. It will be harder for them to get credit if the US defaults. Same with all busniesses.

                      Not defending their past actions, nor this current one, but you've got to admit when you're right you're right. And the banks/ceo's are right.

                      • 2 votes
                      #16.1 - Thu Jul 28, 2011 1:23 PM EDT
                      Reply

                      The stock markets will lose more, the bond holders will lose, the country will lose this is a joke yet they dance the night away!!! this is like a three ring circus!!!

                      Do not sign anything unless its good for the country!!!

                      What a way to govern, [ Get your ass in line and vote for this even if you do not agree with it]

                        Reply#17 - Thu Jul 28, 2011 1:25 PM EDT

                        I have never defaulted on a debt in my life, and I don't expect this country to do so either. Besides all the financial ramifications of this mess, democracy itself is not working. Too many bad actors have converged on the stage at once.

                        • 1 vote
                        Reply#18 - Thu Jul 28, 2011 1:50 PM EDT

                        Banks have an insight to the on-coming downgrade of US bonds and credit-worthy-ness! I agree with Rep. Jerrod Nadler, “We should raise the debt ceiling to recognize the debts that are already incurred, and we should do it cleanly so as to not throw the economy into a tail spin. Then we should debate all the issues in the budget,” What a concept! Why didn't the TEA party think of this first? Why didn't Boehner think of this first? Our federal government has responsibilities to attend to. What should have been a "Congressional Housekeeping" Debt increase has turned into a "partisan three-ring circus" directly effecting the credit rating of the federal government. The partisanship of the TEA party making threats and holding Boehner's feet to the fire has proven they are not going to compromise! There are no moderates in the GOP any more. Beohner has been crippled by the TEA party elite, whom have taken the GOP to the radical extreme. I challenge the GOP to take the TEA to task over this matter. Short of that, I expect Boehner to vote out of his leadership!

                        • 1 vote
                        Reply#19 - Thu Jul 28, 2011 2:45 PM EDT

                        Or, "updated 3:01 p.m. PT, Thurs., Oct. 2, 2008

                        Federal Reserve loaned an average of $44.5B a day to banks last week", this action can be done, can't it?

                          Reply#20 - Thu Jul 28, 2011 2:46 PM EDT

                          honest guys tell me the teapapers aren't licking their chops,,,they want default...plain and simple , or their just plain stupid. they had 4.5 trillion on the table the president handed it to them, They could have claimed victory american gets a start on defci reduction...the president show he's not a tax and spender...tell me the teaparty doesn't want collapse ...all your numbers don't mean a thing because the teaparty is not a rationale reasonable party...all bets off with these yahoo's...yoou're howling at the moon.....

                            Reply#21 - Thu Jul 28, 2011 3:19 PM EDT

                            if you think it was right for the gop to create this manufactured mess... think how much the market may have gained in these last couple months....without this bcrap....thanks all you gop guys for defending the repbul..and making this possible....you're responsible....for costing america and american's billions....and threathening the recover...great job ....take a bow...

                              Reply#22 - Thu Jul 28, 2011 3:23 PM EDT

                              after looking a pictures and the tens of tens at the teaparty rally yesterday i believe some may have been in the original tea party... you know what they say in showbiz break a hip....

                              • 2 votes
                              Reply#23 - Thu Jul 28, 2011 3:25 PM EDT

                              The names on this letter contain many of the organizations that caused and profited from the housing market bubble that was the root cause of our current economic collapse and catastrophe. Why would the president or the Congress give a tinker's damn what these slimeballs think or want? Oh, I forgot. Obama wants to be re-elected in 2012, although he is a failed, incompetent president who has aided and abetted these bastards.

                                Reply#24 - Thu Jul 28, 2011 3:25 PM EDT

                                yes you're right mccain would have ended the two wars the biggest drain on the economy...oh i'm sorry he said he'd stay one hundred years...but he would have saved the auto industry and the millions of jobs and already got the money borrowed back with interest...oh that's right he was against that...oh...the stimulas that stopped the shedding of 750,000 jobs bush last month to making a bunch in today's job report...oh that's right he didn't like that either....and bin ladia oh yes he said in the campaign he new were he was...guess he told obama.....yes this is failure to you, and bush was a screaming sucsess i guess. obama's done all thiswith the republicans tied behind his back no majority 60 vote in the senate so that wasn't his ....who caused that bubble the deregulation party oh yes the republicans that believe you can trust corporate to police themselves...enron ,,tyco,,,adephila,,,worldcom....goldman saks country wide...lehman bros...open the curtain on you're window and get a look at the real world

                                  #24.1 - Thu Jul 28, 2011 3:40 PM EDT

                                  The real world is a world where Obama is a failed, incompetent president. Nothing else really matters, because he cannot control or lead a dysfunctional Congress. So, we're screwed, unless you are an Obama supporter. Obama supporters reside mainly in two camps, either they pay no taxes whatsoever or they are on the federal, state, or local government dole. Which camp are you in, marc?

                                    #24.2 - Fri Jul 29, 2011 7:59 AM EDT
                                    Reply

                                    if you aholes took the obama deal the market would have boomed and the american public may say hey they did it...maybe we can get moving forward....can't have sucess obama may get reelected....better to deestroy the country....what patriots you guys are....don't blame the dems for this one boehner and the teaparty did this all buy themselves

                                    • 2 votes
                                    Reply#25 - Thu Jul 28, 2011 3:29 PM EDT
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