Does the person who says the craziest things get a prize at the end of this conference?
Does the person who says the craziest things win a prize at this conference?
NEW YORK (AP) JPMorgan Chase says it has sold all of its exposure to short-term U.S. government debt out of its money market funds, following a similar move by other money market mutual fund managers. The news comes a day after Fidelity Investments said it no longer holds any U.S. government debt that comes due around the time the nation could hit its borrowing limit. In a statement Thursday, JPMorgan said its money market funds no longer held any U.S. Treasurys that mature or have payments scheduled between Oct. 16 and Nov. 6. The bank says it has also increased its liquidity position in the funds. While JPMorgan Chase & Co. says it believes the probability of a U.S. government default is low, it’s taking precautionary measures to protect investors.
US Government Debt has already started to be sold off. Yields are starting to rise and short term interest rates will start rising. The impact of the US Government Debt Default, assuming it happens on Oct. 17th, will start to impact us all before it actually happens.
House Republican leaders are now floating the idea of a six-week increase in the debt ceiling, which would essentially allow the shutdown fight to continue as a war of hashtags and anecdotes about National Parks while forestalling the serious economic trauma of a debt ceiling breach. Substantively, this move would…
This is a bad deal for everyone involved. This deal solves nothing and only stalls a debt ceiling fight/default. It does not address it.
Matt Yglesias and Robert Costa are suggesting that this deal is so bad that even the ultra-right conservatives in the House may reject it as well. Let’s hope this is true.
When the Taliban are basically saying that our politicians are going too far, you know things are bad!
WASHINGTON — Republican House leaders Thursday offered the president and Senate far less than they want in the ongoing financial standoff, presenting a six-week hike of the debt limit, but no deal to reopen the shuttered federal government. Reaction to the plan seemed mixed coming out of a closed-door meeting in which leaders presented the plan to members, with many saying it was a show of good faith to the White House, but hardline conservatives like Iowa Rep. Steve King saying he was not “enthusiastic” about the deal.
This is a bad deal for the Democrats, the President and the American People. This allows the Republicans more time to gain more leverage and extract even larger concessions from the Senate and the President. This move lets everyone know that they are going for everything they have ever wanted! They are going for Social Security, Welfare, Unemployment benefits, you name it, they want it!
This is a bad deal, don’t accept it!
President Kennedy, Remarks Prepared for Delivery at the Trade Mart in Dallas, November 22, 1963 (via jfklibrary)
Asshole of the Day, September 22, 2013: Wayne LaPierre
The NRA used to merely respond to tragic shootings by saying “guns don’t kill people, people kill people.” It was their stock line to respond to gun control.
But that’s not enough any more. Since the drumbeat for gun control started after Aurora and then picked up after Newtown, the NRA has a new line: “More guns would’ve prevented the tragedy.”
The NRA has gone from “don’t blame guns” to “guns will solve all problems”.
When almost all the NRA’s funding comes not from the dues of NRA members but from the gun manufacturers, it’s not hard to see how they’ve moved from a slogan that absolves guns of blame to one that promotes sales. It’s just good business, right?
And so this morning on Meet The Press, NRA spokesman Wayne LaPierre said:National Rifle Association leader Wayne LaPierre argued on NBC’s Meet the Press that “there weren’t enough good guys with guns” to confront the shooter responsible for last week’s Washington Navy Yard rampage.
Here’s the problem with that Wayne— if everyone on a military installation were carrying guns at all times, then a guy like Aaron Alexis might have just started shooting when he was in the military, instead of it all happening now.
From there, Mr. LaPierre went on to blame the lack of mental health services in this country— a line he said after Sandy Hook too—LaPierre also vehemently criticized the flaws in the nation’s treatment of the mentally ill, especially of those mentally ill people who try to buy guns. “They need to be committed is what they need to be, and if they’re committed, they’re not at the Navy Yard,” he said.
Oh, and it’s nice of you to say we need to do more for mental health in this country, but if you actually cared, your organization would put some effort into lobbying for for better mental health services. The only time you bring it up is when there’s another shooting, as a way to deflect blame.
Look, if you really want a safe country with guns, maybe it’s time for the NRA to differentiate between responsible and irresponsible gun owners too. Where is the NRA every time another child gets hold of their parent’s gun and kills themselves or another child? Nowhere. They’re not out there saying the gun didn’t kill this child, irresponsible gun owners did. Or trying to defend their laughable assertion that more guns could’ve stopped it— a good guy with a gun can’t stop a toddler from shooting another toddler. And until they change their tune, Wayne LaPierre is the president of the National Asshole Association as far as we’re concerned.
Wayne LaPierre is the third person to win Asshole of the Day for comments related to the Navy Yard shooting, which included the CEO of the company that employed the shooter asking for security work from the Navy and Elisabeth Hasselbeck basically calling for national video game registration and monitoring. Let’s hope he’s the last.
Here’s my satirical take on Wayne LaPierre's reaction to the shooting from 5 days ago: Wayne LaPierre op-ed: “The Navy Yard shooting happened because of gun control.” Aside from calling for more guns, which he actually did this morning, he lists out everyone who the Constitution guarantees access to guns to— racist rockstars who make threats on the president’s life, toddlers, people nursing grudges, loners who want to impress Jodie Foster, etc.