Boehner determined to put Republican Party out of it's misery

Discussion in 'Blazers OT Forum' started by MARIS61, Dec 13, 2012.

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  1. MARIS61

    MARIS61 Real American

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    Last edited: Dec 13, 2012
    MARIS61, Dec 13, 2012
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  2. DaLincolnJones

    DaLincolnJones Well-Known Member

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    DaLincolnJones, Dec 13, 2012
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  3. WarriorFan

    WarriorFan Active Member

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    Assuming that there is no rosy resolution on the horizon, can someone who knows finance help me out with this.

    I expect lots of volatility until the end of the year and in January. Why shouldn't I buy VXX February call options at $35 or so? If this creates even half the volatility that the debt ceiling fiasco created last year, I would make 5-10 times my bet. If the markets really go crazy the profit would be many times higher. Seems like a no brainer but the payout is so huge with what I think is so lottle risk that I must be missing something.
     
    WarriorFan, Dec 13, 2012
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  4. santeesioux

    santeesioux Just keep on scrolling by

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    I don't care how he says his last name, it's boner.
     
    santeesioux, Dec 13, 2012
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  5. BlazerWookee

    BlazerWookee UNTILT THE DAMN PINWHEEL!

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    <rolls eyes> The "Fiscal Cliff" is more of a "Fiscal Curb."
     
    BlazerWookee, Dec 13, 2012
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  6. Eastoff

    Eastoff But it was a beginning.

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    It won't be until February for things to really get bat shit crazy. But i'm not an economic expert.
     
    Eastoff, Dec 13, 2012
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  7. Eastoff

    Eastoff But it was a beginning.

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    I've heard it described as a pot of water. January they turn on the burners, and by june we'll start to evaporate some water.
     
    Eastoff, Dec 13, 2012
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  8. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Not so fast.

    http://www.foxnews.com/politics/2012/12/12/fox-news-poll-according-to-voters-spending-cuts-are-must/

    Overall, 61 percent of voters say major spending cuts are necessary to reduce the deficit, while 33 percent think increasing taxes on high earners would be enough. Half of Democrats think taxing the rich is all that is needed. By contrast, majorities of Republicans (77 percent) and independents (62 percent) think cutting spending is also necessary.

    If income taxes go up, almost all voters -- 89 percent -- think President Obama should agree to make major cuts in government spending as well. That includes 83 percent of Democrats, 91 percent of independents and 95 percent of Republicans.

    (AND THE BEST PART)

    Meanwhile, by a 53-36 percent margin, voters think Obama will use the money from tax hikes primarily to increase government spending rather than to reduce the deficit.

    (NO SHIT!)
     
    Denny Crane, Dec 13, 2012
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  9. jlprk

    jlprk The ESPN mod is insane.

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    That was a Fox News interesting Fox News poll. So Fox News took a poll, you say. Well what'll they think of next.
     
    jlprk, Dec 13, 2012
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  10. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    The way I see it, the govt. borrows $.42 for every $1 it spends. Give it $1 more, it will borrow $.42 more. Tax the rich for $40B, and they'll increase spending by about $80B.
     
    Denny Crane, Dec 13, 2012
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  11. GriLtCheeZ

    GriLtCheeZ "Well, I'm not lookin' for trouble."

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    I've been expecting republicans to go over "the cliff" all along so they can say they didn't vote to raise taxes. Then they'll just vote to reauthorize all the present tax rates in the next congress.
     
    GriLtCheeZ, Dec 13, 2012
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  12. julius

    julius Living on the air in Cincinnati... Staff Member Global Moderator

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    I think the Government (and the media to a slightly lesser degree) thinks that the populace is easily spooked/convinced/conned into believing whatever bat shit crazy things they say.
     
    julius, Dec 13, 2012
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  13. donkiez

    donkiez Well-Known Member

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    I kind of think its a scam by both sides to put us over the edge to dramatically raise revenue, while both putting the blame on the other parties inability to compromise.
     
    donkiez, Dec 13, 2012
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  14. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    They can pass extension of Bush tax cuts in the House now. They should.

    When Dems don't bring it up for a vote in the senate, we all know who allowed everyone's taxes to go up.

    I'd also not vote to raise the debt ceiling.

    Who wins? Anyone who wants govt. to control spending and get the deficits headed in the right direction. In the end, everyone wins.
     
    Denny Crane, Dec 13, 2012
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  15. jlprk

    jlprk The ESPN mod is insane.

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    Everyone will celebrate by sharing booze under the bridge after vacating their mortgage payments. The country will leap into Depression according to economists.
     
    jlprk, Dec 13, 2012
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  16. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    The same economists who say govt. should "invest" because of the multiplier effect? We are talking about giving O even more money to spend.
     
    Denny Crane, Dec 13, 2012
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  17. DaLincolnJones

    DaLincolnJones Well-Known Member

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    naw, its a power play by the white house. oboma believes that he can get everything he wants, higher taxes, more spending and less input from congress while being able to blame all the harmfull effects on the GOP...and you know what? he can do it..
     
    DaLincolnJones, Dec 15, 2012
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  18. jlprk

    jlprk The ESPN mod is insane.

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    No, all economists say that allowing the Fiscal Cliff to happen will put us into a Depression. Why, does Fox have one in-house economist who differs?

    If Republican leadership thinks that letting the Cliff happen will turn blame on Democrats, that strategy in miniature didn't work in 2012. They'll never win another election if they ruin the country hoping for a political gain.
     
    jlprk, Dec 15, 2012
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  19. DaLincolnJones

    DaLincolnJones Well-Known Member

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    ya know, most of the time I have a hard time telling you from Maris..(j/k) but you have it right here

    here is a nice read from the WP http://www.washingtonpost.com/blogs...ed-to-know-about-the-fiscal-cliff-in-one-faq/
     
    DaLincolnJones, Dec 15, 2012
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  20. jlprk

    jlprk The ESPN mod is insane.

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    Sometimes I have the same problem. I bookmarked that article (it's long and analytical) and will read it tonight.
     
    jlprk, Dec 15, 2012
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