Another Rant On The Tea Party
The Market Ticker ® - Commentary on The Capital Markets
Posted 2010-10-22 13:43
by Karl Denninger
in Editorial
Ignore this thread
Another Rant On The Tea Party
 

The following was said on my forum today:

But if you want to keep the party in power that passed health care - is continuing to spend like a drunken sailor - just do what you are doing. Way to go - whatever.

This is called in psychological terms transference - and it's a bogus debating technique. In a formal debate class such a line of argument will get you "called out on points" - you'll lose, basically.

But in the court of public opinion and 30-second soundbites on TV, this is what we hear. 

From both sides.

Let me tell you how I see it.

In 2007 and 2008 (and who was President then?) I was all over this issue.  I wrote letters to our President, I wrote letters to John McCain, and I paid to attend a McCain campaign event - over $2,000 of my own hard-earned money - in Washington DC.  Why?  To press flesh with Governors Ridge and Keating, and hand them a DVD with a short video and outline of exactly what had happened.

What happened?

Nothing, of course.  I'm a tiny fish in a damn big ocean.  But if you want proof, go to that link right up there and browse through the Archives.  Pay particular attention to 2008 and both who and what I was criticizing.

But it was John McCain that turned TARP into a campaign event, and guaranteed its passage by doing so.  And let us not forget who his running mate was at the time:

Sarah Palin.

That was a douchebag act on John McCain's and Sarah Palin's part.  A calculated political act that threw us all under the bus for the benefit of a handful of fat-cat bankers on Wall Street.

Yes, I know, they claim "we were going to have another Depression and we avoided it."  Oh really?  We avoided it eh?  We're spending 12% of GDP on the federal credit card to avoid admitting it, but we in fact avoided exactly nothing in terms of economic outcome - we have 20 million Americans out of work and 40 million+ on food stamps. 

But for government "handouts" there would be tent cities in every major population center in this nation right now, and there has been zero progress on reducing that dependency over the last three years. 

ZERO.

Never mind that those who make such claims are asking you to prove a negative - which is almost always impossible.  That is, you can't falsify their claims - which is damn convenient for them.

Then don't complain anymore - because you were part of the change that wasn't, isn't and will never be - because you deluded yourself into thinking you are the originator of something you weren't. Sending in tea bags is a totally different thing than people twittering, organizing into groups ( many different groups ) and the first one to utter tea parties probably did it as an insult, and the label stuck.

Bah.  You've done nothing except support and promote those who pulled a train on your ass with an entire corral of wild Arabian Stallions. 

Now you claim I'm getting screwed with health care?  Well, yes - I'm getting ass****ed by the jackasses in power right now.  But guess what - I don't even feel it, because that particular assault is small compared to the one that was served on me before.  Hell, in my charitable moments I might even call the undulation that I'm taking exercise at this point; the stick in my teeth has long since ceased to be necessary.  I'd sure like the assault to stop, but those on the Right asking me to support "their way" aren't giving me anything that makes me believe it will if I vote for them this time around - and I hear those Arabians neighing again!  You want me to vote for that?

Now it's true that The Democrats haven't done a damn thing about cleaning this up either, and our Dear President has fellated Lloyd Blankfein and friends just as much and as often as did George W. Bush. 

Indeed, he's raping every person who got sold a bubble house via some hinky OptionARM or Subprime mortgage deal just as much as Bush did, and I have been tireless in my commentary on that point.

But telling me that I'm voting to "fix things" if I go to the polls and vote Republican in a couple of weeks is a flat lie.  I will get no such thing, as the standard-bearer for the Right-Side Party, Tea or otherwise, at this point is Sarah Palin who I remind you suspended HER campaign along with McCain's to blow Lloyd Blankfein and company in 2008.

There are those who say I am endorsing the Left with this.  Nope.  I most-certainly am not.  President Obama and the Democrats had the opportunity to earn that endorsement.  Indeed, they've had two full years with no opposition - a filibuster-proof majority in the Senate and command of the House.

They could have repudiated the Standard-Bearers for the Right on the theft, fraud, financial******and screwing issues - that is, put back in place Glass-Steagall, break up all the big banks, close Fannie and Freddie, repealed the Bankruptcy Reform law (and put in place a special, one-time option so citizens could toss off their excess indebtedness on the people who recklessly lent without concern over repayment) and more.  They could have declared fraud and theft in all it's forms a prison sentence instead of a wink and a smile, sent Bill Black into all the banks and issued thousands of indictments, starting with those at the top who have mercilessly screwed every American not once but twice in the last decade.

Instead they shoved mark-to-fantasy down the throat of FASB, put one of the chief architects of the******in charge of Treasury - a guy who is an admitted tax cheat himself - and have continued the policies of the Bush administration in exact goose-step when it comes to deficit spending and debt idiocy.

Then, to add whipped cream to the sundae, they just allowed a bank to withdraw 102,000 affidavits used to evict people from their homes that the institution admitted were not actually verified and attested as they claimed - that is, 102,000 counts of alleged perjury and injury to citizens in this nation - without a single finger being lifted to tender over an indictment.

The cherry was the statement from that very same Administration that the servicers would fix the problems with foreclosures whenever they feel like it.

Due process of law?  What's that?  I guess after 20 years of using The Constitution to wipe one's ass, yet another brown stain right across the 5th Amendment doesn't really matter very much.

It doesn't stop there, of course.  Today we find out that students are graduating from college with record amounts of debtWho hasn't acted on that - to stomp on the banks and colleges that are raping students and their families?  That would be The Left, which could have, with a wave of a hand, stopped all of it by withdrawing the "special" non-dischargable nature of student loans.  Poof!  Out goes the money, down comes the cost.  But the banksters wouldn't have that, would they?  No, and neither would Obama and the Left - say much less the Right.

There are those on both sides of the aisle who don't like my rather-direct language.  I'm sure I'll get more complaints after this column.  That's nothing new.  I'm both not running for office now and have no plans to do so in the future, never mind that I have a 20+ year record of saying exactly what I think on The Internet and elsewhere.

If you want me to stop using such metaphors for what government and Wall Street are doing to the people then stop treating the American people in such a fashion that they're the most-appropriate analogue that describes the insults!

This crisis happened due to millions of fraudulent mortgages.  The lending industry extorted FASB and Congress.  The Fed and Hank Paulson extorted Congress.

Where are the indictments - and the calls for them - from either party?

Missing, that's where.

If any political party wants my endorsement, say much less my vote, they're going to have to fix that.

Until then?

Ballot by genesis

When you just can't vote for the lesser of two evils any more.

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User Info Another Rant On The Tea Party in forum [Market-Ticker]
Dburn
Posts: 165
Incept: 2009-09-10
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Incredibly well said Karl. I was reading it and nodding my head through the whole thing. I had to step back for 6 months because I was so angry with the Dems. I 'm not a popular guy when I mention the stark corruption and then "you guys are scrambling to put these same *******s back in power?"

The other *******s are just as bad. What I'm hopeful for, as more and more Americans feel the bite of these toxic policies by both parties, is that they toss a party out each election cycle until people begin to realize there is no career left in politics and the end result is people take two years to four years of their life to serve the the people. Politics is a Business now and a profitable one. Just for the hell of it , I did a Dice search on my programming specialty in the DC corridor. 80 openings appeared. In Indianapolis, I 've seen one in 4 months. That tells me that people who make policy are literally surrounded by prosperity and don't give a **** what they are doing to the rest of the country.

I own my own business and paid cash for equipment last year thinking competitors would start to drop like flies. I'm convinced what is happening is that banks are not repossessing leased printers that can run from 20G to 500G and strip malls where they are located are loath to see empty stores. So they get a break on rent. Then we have margin compression out the ass and still no business because there is just too much capacity for too little demand.

I spent 17 years building up the reputation of this place and got into the research market 10 years ago which is what is keeping me alive. But with these banks in control, I see no good outcome for years all because of their enablers in the govt.

Best Ticker in awhile

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"Bring out your dead"-a new alternative to Health care reform
Widgeon
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Green
Region formerly known as the United States
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Bravo

Aliveh
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I hope HuffPo & Drudge pick this up.
Azengrcat
Posts: 184
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If there is no one to vote for, then the only option is to run for office. Considering I am out of work that sounds like a good idea!

Binney
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Green A True American Patriot!
Riverhead, NY
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smiley thank you for saying what so many of us have been feelingsmiley and your last line is my new signature line!

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write-in: Beelzebub
When you just can't vote for the lesser of two evils any more.
Gloomboomdoom
Posts: 236
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Karl

You should do a Youtube video explaining these points in brief. A lot of people follow you on there too. I am a big fan of what you have done on Youtube in the past.

Do a 5-8 min clip. Lay it out on the line.

You did a ton of videos when things "blew up" in 2008. People could "FELL" the passion, the understanding and the dire our circumstances were.

Just a suggestion. Keep up the great work as always!
Sooner
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Bull Crap - this will do nothing NOTHING to fix the situation!

Take the TP back if your so sad your one issue isn't cutting it. Your advocating sitting out. Go sit and cry in the corner!!
Dysmas
Posts: 200
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Quote:
I hope HuffPo & Drudge pick this up.


I don't know about Drudge, but HuffPo, MSNBC, NPR would love to run this...........anything that would benefit the "Won".

I do not disagree with some of the points, but I would rather have this rant after November. I think I would take Beelzebub over Obama. At least with the Devil, you know where you stand.

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Inside at last

Genesis
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Quote:
Take the TP back if your so sad your one issue isn't cutting it. Your advocating sitting out. Go sit and cry in the corner!!

No I'm not.

You jump to conclusions.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Sooner
Posts: 236
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This is the largest middle class/constitutional/conservative movement in a life time and it's not good enough for you people! What do you all expect? the average citizen knows nothing of what is going on in the financial markets. If you want to get voted in you're going to loose way to many people to fast trying to explain it.
Sooner
Posts: 236
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I don't know what else to do, talk to people, support conservative movements (tea party) and support strong constitutional candidates. That's all as one citizen i can do. I do not appreciate being told to screw off because I back a constitutional movement.
Genesis
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Quote:
This is the largest middle class/constitutional/conservative movement in a life time

BULL****ING ****.

There is NOTHING constitutional or conservative about ripping people off.

There is NOTHING constitutional or conservative about a CFTC with two sitting judges that promised the head of the CFTC that ANYONE who came before it would get ass****ed.

There is NOTHING constitutional about ANY of this.

Nothing.

Stop wrapping your dick in the flag and start looking at what this so-called "conservative" party HAS IN FACT DONE.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Sooner
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What's it done? What am I missing. At the local level it certainly is a constitutional movement.

What do you mean nothing is constitutional about this? That's what my TP talks about, the constitution.

What's it done?

Wiped out a few rinos and put conservatives in positions to win.

Bustedbuck69
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From Gen:

Quote:
The following was said on my forum today:

But if you want to keep the party in power that passed health care - is continuing to spend like a drunken sailor - just do what you are doing. Way to go - whatever.


Saw a campaign ad on TV like the above. I leveled the TV with one 9mm projectile, and now I feel better. Like Dburn I also was nodding my head through the entire Ticker

Questions:

1. Has the FAX machine lit up yet?

2. Anyone, any where find a candidate that says they will "STOP THE LOOTING AND START THE PROSECUTING"?


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"---the politicians---they think the laws of mathematics are suggestions." K. Denninger

"The greatest shortcoming of the human race is our inability to understand exponential function." Al Bartlett

Reason: ed
Destinbear
Posts: 72
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Miramar Beach, Florida
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Bravo

I live in FL CD 2- I could not vote for either candidate for governor (both Sink and Scott seem slimy), instead I voted "None of the Above".

The only candidate that I voted for was Southerland, Boyd supported TARP, corporate Health care, cap and trade, and unending wars.
Otiswild
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Quote:
That's all as one citizen i can do. I do not appreciate being told to screw off because I back a constitutional movement.


Where in the constitution might one find the provision involving sucking Lloyd Blankfein's cock?

Cuz I haven't seen a ******n thing from any of these so-called Tea Partiers about that.

Me, I'll vote for O'Donnell to please my goddess, but the rest get "none of the above"..
Sooner
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What does the TP have to do with Blankfein?
Genesis
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Busted: Nope. Not one fax.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Bustedbuck69
Posts: 479
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BTW

From the Christmas Eve gift of 1913, that keeps giving, we are all going to get more of this:

Inline

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"---the politicians---they think the laws of mathematics are suggestions." K. Denninger

"The greatest shortcoming of the human race is our inability to understand exponential function." Al Bartlett
Karlmarxghost
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Quote:
Where are the indictments - and the calls for them - from either party?

Missing, that's where.

If any political party wants my endorsement, say much less my vote, they're going to have to fix that.

Until then?



inline

Quote:
Stop wrapping your dick in the flag and start looking at what this so-called "conservative" party HAS IN FACT DONE.



Has in fact done and will continue to do. In their so called contract with America the "conservatives" released a month or so ago how much did u hear about the rule of law, property rights, spending cuts, and on and on.

The problem is the modern definition of "conservative". Blind patriotism doesn't make you conservative, it makes you a sheeple. ****ting on government theft while giving a big thumbs up to corporation theft is not conservative. Telling people what they can do behind closed doors is not conservative. Running a world police state and a police state at home is not conservative.

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My views are my view and mine alone. Karl or ticker forum does not endorse or necessarily agree with my views. DO not trade on my views or take them personally.
2banana
Posts: 337
Incept: 2008-02-25

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Quote:
In 2007 and 2008 (and who was President then?) I was all over this issue. I wrote letters to our President, I wrote letters to John McCain, and I paid to attend a McCain campaign event - over $2,000 of my own hard-earned money - in Washington DC. Why? To press flesh with Governors Ridge and Keating, and hand them a DVD with a short video and outline of exactly what had happened.


Who controlled congress and the senate in 2007 and 2008 by large margins?

Bush did sign it (and Obama did vote for it as a senator) - but it was republicans who mustered the majority of their party to try to block it.

Give SOME credit where credit is due.

"Six Republicans joined with 45 Democrats and one Joe Lieberman to defeat a resolution that would have blocked the release of $350 billion in financial-industry bailout funds Thursday. The Senate action -- or lack of it -- paves the way for the dispersal of the money regardless of any action taken by the House of Representatives.

The Troubled Asset Relief Program (TARP) is structured so that the president has access to the money unless Congress actively prevents its release. Only 42 senators -- seven Democrats, 34 Republicans and one Bernie Sanders -- voted to block the money."

http://www.huffingtonpost.com/2009/01/15....

Dysmas
Posts: 200
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Quote:
I voted "None of the Above".


Then Obama wins...............

Politics is always ugly. To win you have to have to form coalitions. You may not agree with everyone or everything in the Tea party movement or the Republican Party.......but they are the only shot we have at present to stop Obama and his plans to "Fundamentally Transform America". With time we can change the Republican Party from within. But it takes time! This is the first chance we have had to put some new blood into the body politic. We may have to live with a few we don't like for awhile......but the alternative is Obama, Pelosi, Reed, etc.

The devil you know?


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Inside at last
Genesis
Posts: 130658
Incept: 2007-06-26
Admin A True American Patriot!
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Quote:
The Troubled Asset Relief Program (TARP) is structured so that the president has access to the money unless Congress actively prevents its release. Only 42 senators -- seven Democrats, 34 Republicans and one Bernie Sanders -- voted to block the money."

And who wrote the bill that way?

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Jstanley01
Posts: 8166
Incept: 2008-07-30
Silver A True American Patriot!
San Antonio, Texas
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Sooner wrote..
This is the largest middle class/constitutional/conservative movement in a life time and it's not good enough for you people!
Dream on. The Tea Party movement is a drop in the bucket compared to the Reagan Revolution. Which the Rockefeller Republicans managed to co-opt from Bush I onward.

Like my little sister used to say, "You think you're hot snot, but you're just cold buggers."

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You can't cheat an honest man. ~P.T. Barnum

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