Apocalypse Not

by Karoli on July 24, 2011 · 4 comments

Today has been tense and holds much promise for more tension as the days go by. Worth remembering that even when one view looks like the apocalypse might be bearing right down on top of you while you’re in your bathing suit in paradise….

…it might just be that you’re looking in the wrong direction.

Because it’s all about the way the wind is blowing.

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Anarchy, writ large.

by Karoli on July 24, 2011 · 0 comments

U.S. stock futures fell, indicating the Standard & Poor’s 500 Index will slump after rallying within 1.4 percent of a three-year high, as failure to raise the federal debt limit intensified concern of a default.
S&P 500 futures expiring in September declined 0.9 percent to 1,329.20 at 7:31 a.m. in Tokyo. Dow Jones Industrial Average futures lost 116 points, or 0.9 percent, to 12,505. The U.S. dollar fell against the euro, yen and Swiss franc.

Real time consequences, Speaker Boehner. You and the Tea Party are going to be responsible for the ruination of this country. I hope you’re satisfied.

Why do I say this? Because Boehner could peel off the Tea Party and pass a clean resolution right now. Grover said it was ok. But he’s not. That means he’s still pandering to the Tea Party instead of leading.

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Post image for “They Are Anarchists”

Andrew Sullivan sums it up thus:

The Republican refusal to countenance any way to raise revenues to tackle the massive debt incurred largely on their watch and from a recession which started under Obama’s predecessor makes one thing clear. They are not a political party in government; they are a radical faction that refuses to participate meaningfully in the give and take the Founders firmly believed should be at the center of American government. They are not conservatives in this sense. They are anarchists.

Yes, they are. And Boehner trying to get away with offering that which has already been rejected; that is, a short-term 2-tier deal proves he’s as unserious today as he was yesterday and the day before.

As much as he might whine about being worried about Asian markets, I doubt he very much gives a damn. In fact, someone should check portfolios to see who’s shorting Asian stocks tomorrow. And then do a double-check on who might be shorting US Treasuries.

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