They're a bunch of self centered a$$hats thats why. I seriously hate our lawmakers. And voting in different ones usually doesn't help because 90% of them are not in it for the best interest of their voters.
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Government Shutdown/Debt Limit - Issues and Timelines for Investors
- Thread starter CapitalistOppressor
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They're a bunch of self centered a$$hats thats why. I seriously hate our lawmakers. And voting in different ones usually doesn't help because 90% of them are not in it for the best interest of their voters.
They do it for their home state news.
Senators or House members will get the video clip of their own comments, then their PR person will send it to the various TV news outlets in the markets they are trying to reach.
Mario Kadastik
Active Member
So basically when the senate is hashing out plans backdoors they use it for free PR... understood. Stupid of me to listen to that garbage for 2h :/
haha I was wondering the same, I turned it off after 20 minutes though when I realized "nothing" was happening. I was expecting some debate or a live vote or something. I don't regret spending this past week following the american political debacle, I've learned a lot about American politics these past days, and as a Tesla fanboy, it can't hurt :biggrin:
NigelM
Recovering Member
Expect the whole shenanigans to be repeated in ~14 weeks time. The Republicans came off looking so bad that the Democrats will be delighted to provoke them into doing the whole skit again; the Tea Party feels that this was a victory and they're acting on principle so they'll welcome the chance of another round center stage.
[/cynicism]
The good news is that the more this sort of political instability occurs, the less the financial markets will take notice.
Yes, its basically done.
Cruz and Lee have both waved the white flag in the Senate, which mooted the need for the House to vote first to speed things up. And everyone has accepted that the Senate bill will get a vote in the House, which will pass it.
Given the unwillingness of any Senators to deny unanimous consent, the bill will move quickly, and we should see it signed by the President by tonight (tomorrow at the latest).
In fact, things are moving so quickly that we might even see budget conferees appointed by tonight, despite the fact that the requirement for that was removed from the bill to reduce the amount of time needed to pass it (the budget conference language would have triggered special rules of debate that would have slowed the bill at a minimum, and could have caused real problems if an insurgent group of Senators had decided they wanted to kill the bill).
Haha. Thanks a lot CapOp for sharing all your insights! I thought I had a fairly decent understanding of US politics but this thread was very informative.
panda-cam trumps c-span all day long... but not this thread- thanks again cappy- extremely helpful
borat99
Member
It's official. Senate passes bipartisan bill to raise debt limit, end government shutdown >> Reid, McConnell propose bipartisan Senate bill to end shutdown, extend borrowing - The Washington Post
Much thanks to CO for your exceptional contribution and insights!
Much thanks to CO for your exceptional contribution and insights!
lol at the panda cam. Thanks again cap op for this great thread and all your input.
and thank you mods for helping to keep it all civil
edit: I saw that futures had turned red and looked at the new news... all I saw was that the house just passed the bill the senate had passed ... lol ... crazy market
and thank you mods for helping to keep it all civil
edit: I saw that futures had turned red and looked at the new news... all I saw was that the house just passed the bill the senate had passed ... lol ... crazy market
This thread kept me from panicking the last few days...seriously...thanks everyone and especially CapOpp!
Mario Kadastik
Active Member
Btw anyone got a clue why the futures are pointing down now that a deal was reached? EU has opened mixed and Asia didn't gain much either. I'd have expected a more positive reaction to this...
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