Showing posts with label snark. Show all posts
Showing posts with label snark. Show all posts

Thursday, February 19, 2015

Jane Curtin Slams Fox News on SNL Anniversary Show

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On the 40th Anniversary of NBC's Saturday Night Live, famed comedian Jane Curtin, one of the original "Not Ready for Prime-Time Players," joined Amy Poehler and Tina Fey for "Weekend Update." And she used a one-liner to completely capture what is wrong with Fox News Network.

“Times have changed since I first sat at this desk. For example, I used to be the only pretty blonde woman to read the fake news. Now there’s an entire network devoted to that. And somehow, I showed less cleavage.”

Fox News is famous for (among other things) hiring blonde women who look and dress more like porn stars than journalists.

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Thursday, April 11, 2013

Why the Dickens Does Stacey Campfield Want Tennessee Kids to Play Hunger Games? ~ UPDATE 2: Calls Child a "Prop" - UpDATE: Bill Withdrawn!

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This is Stacey Campfield's brilliant idea - to withhold welfare for poor families unless their kids make good grades. In effect, he wants to punish the entire family from babies to Grandma if just one of the kids is failing school, no matter what the reason. Can he spell I-D-I-O-T?

. . . if your kid is failing every single class because who knows what reason — unless you are a special needs child or something like that — we’re going to stop or cut back on the amount of straight cash payments you’re going to get.
Listen, I’m not expecting these kids to write the Magna Carta.
ABCs, 1-2-3s — I think any parent can just about do that.
We have classes for parents. We have after-school problems if kids are having problems. We have tutoring programs up the wazoo, we have everything you’d ever ask for except for parents that are engaged and involved.
~ Stacey Campfield on Fox News in January 2012

Personally, I want to see Stacey Campfield's Report Cards because I'm not sure he's qualified to participate in state government. Also he has no heart.

We’ve learned that on Monday a group of Nashville Reverends, Preachers, and Priests came to the office of each member of the Tennessee General Assembly to protest Sen. Campfield’s anti-poor agenda and the state's rejection of Obamacare. They dropped off two loafs of bread and 5 paper fish. Each fish had a different bible verse calling on the members to help the poor and fund health care. Nice work!
~ From a Facebook called "Recall TN State Senator Stacey Campfield"

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UpDATE 2 ~ Campfield withdrew his bill, thank God, but not before this happened:

"I love when people use children as Props." ~ Stacey Campfield while running from and 8-year-old girl, Aamira Fetuga, then calling a man with the child a "Union Thug"

From Think Progress
As Campfield walked to the Senate chambers, he was presented with a petition of more than 2500 signatures collected by Clergy for Justice to protest the bill. The deliverer of the petition was an 8-year-old girl, Aamira Fetuga, whose mother, Rasheedat Fetuga, is the founder of a local child advocacy group.
As Aamira prepared to explain to Campfield why she was worried about his bill, Campfield dismissed her as a “prop” and hurried away, repeating over and over again, “Using children as props is shameful” as Aamira and her mother tried to talk to him.

Watch it [courtesy of Eric Patton and Clergy For Justice]:





UPDATE: Stacey Campfield has Withdrawn his Bill!!!
State Sen. Stacey Campfield dropped his bill to tie welfare benefits to grades for the year after meeting resistance from fellow Republicans on the Senate floor.

Campfield asked for his bill to be sent to a summer study committee before a vote could be held on the measure, which would have reduced welfare payments to families whose children are failing school. The move came after it appeared that the bill would fall short of passing.

The decision ended debate on one of the most controversial pieces of legislation before the Tennessee legislature.

~~~~~~~~~~~~

A single mother with two children receives $185 dollars a month in TANF cash payments. That’s roughly $46 dollars a week, less than $7 a day. Your 30% reduction would cut that payment to just under $130 a month.
. . . Your legislation also ignores the very real educational impediments for students coming from impoverished households–like food and housing insecurity or financial and health care instability. And the truth is that poor people don’t hold the monopoly on bad parenting.
. . . And gentlemen–it’s your job as elected officials to encourage their achievement with policy that supports instead of shames.
~ Melissa Harris-Perry on MSNBC

"Study or Starve"
~ Martin Bashir on MSNBC



Let me see if I get this theory straight:
Little Billy is poor, and he’s not doing very well in school. I have an idea. What if we made him poorer and told his family it was his fault?
‘Last semester my grades were bad because I was hungry and cold, but this semester I am hungrier and colder and my family isn’t talking to me, so bring on the long division.’
Is Stacey Campfield a state senator senator or a villain from a Dickens novel?
But I gues when the State of Tennessee is handin' people up to 900000 bucks a month, they have some say.
(Fox News Reporter) "Right now the current average assistance is $189 a month."
Because $190 would spoil them.
Who is this Stacey Campfield who wants to turn Tennessee education into actual Hunger Games?
~ John Stewart on Comedy Central


White guys telling the poor and disadvantaged that it's all their fault and they're going to be punished. That's today's GOP.
~ Americans for Truth on Mediaite

This is sort of like the Rutgers Basketball Coach philosophy. belittle, threaten, belittle, threaten, belittle, incarcerate.
~ Jman on Crooks and Liars

Knowledgeable fetuses in Tennessee will just skirt this law by refusing to leave the womb.
~ MeSoHornish on The New Civil Rights Movement

This is child slavery.
~ traqair on Huff Post

Remember, Mr. "Christian" Senator, the words............"Bless the beasts and the children. For in this world they have no voice ---- they have no choice". This is a new low ----- and given many Republican remarks as of late, that's saying something!
~ Ann L. on Huff Post

So if you get good grades, we'll give you something to eat. Are these kids lab rats?
~ SOFOROBAMA on Huff Post

I think he's stupid! Can we take money away from his parents?
~ AmberWave on Huff Post

Saturday, February 23, 2013

Reporter Snark about "Friends of Hamas" Becomes Fake GOP Talking Point

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Ben Shapiro on Breitbart
On Thursday, Senate sources told Breitbart News exclusively that they have been informed that one of the reasons that President Barack Obama’s nominee for Secretary of Defense, Chuck Hagel, has not turned over requested documents on his sources of foreign funding is that one of the names listed is a group purportedly called “Friends of Hamas.”
. . . Called for comment and reached via telephone, Associate Communications Director at the White House Eric Schultz identified himself, heard the question, was silent for several seconds, and then hung up the phone immediately without comment. Called back via the White House switchboard, Schultz’s phone rang through to his answering machine. Called on his cell phone, Schultz’s phone rang through to his answering machine.

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From the Hugh Hewitt Conservative Talk Show with Rand Paul
HH: Well, let’s stay focused on Friends Of Hamas. Obviously, that would be a support group for a terrorist organization. Can you imagine voting or not filibustering anyone who’d received support from supporters of a terrorist organization?
Rand Paul: Like I say, it’s very troubling. And I’ve just seen the press report, so I’m going to have to look at what the response is, what the group is, and that kind of thing. But it is very concerning.

If it proves true the rumors of Chuck Hagel's having received funds from Friends of Hamas, if that's true then on its face that would disqualify him.
~ Conservative Radio and TV Pundit, and ex-Republican Candidate, Mike Huckabee

Rumors abound on Capitol Hill that a full disclosure of Hagel’s professional ties would reveal financial relationships with a number of “unsavory” groups, including one purportedly called “Friends of Hamas.” The GOP aide said it was “noteworthy” that the White House has yet to deny the association. “Maybe it’s not true, but why not provide a list of groups he spoke to and remove all doubt?” the aide said.
~ National Review

Well this is certainly an eye opener. According to Senate sources, the reason Hagel hasn’t released documents on his sources of foreign funding is because he received funding by a group named “Friends of Hamas”.
~ The Right Scoop

That is quite the accusation, and it gives the Left a rare opportunity to go after the Breitbart constellation of websites. All they have to do to debunk it is to have Hagel reveal his foreign donors. I mean, how likely is it that the White house could have messed up vetting Chuck Hagel that badly…
~ Moe Lane on Red State


But Wait Just a Minute . . .

"Friends of Hamas": The Scary-Sounding Pro-Hagel Group That Doesn't Actually Exist
Here's the problem: There's no proof that "Friends of Hamas" actually exists. At best, it's an organization so secret that nobody in government has thought to mention its existence. At worst, it's as fake as Manti Te'o's girlfriend. The Treasury Department, which designates sponsors of terror, has done so to many charities tied to Hamas. "Friends of Hamas" is not among them. The State Department doesn't designate it, either. And a bit less holistically, a Lexis search for the group reveals absolutely nothing.
~ David Weigel on Slate, and one of the first to realize that Friends of Hamas does not exist


Oh, Perhaps This is Why . . .


Dan Friedman of New York Daily News
Fortunately for Hagel, this claim, which galloped across the Internet, was bogus. I know, because I was the unwitting source.
. . . On Feb. 6, I called a Republican aide on Capitol Hill with a question: Did Hagel’s Senate critics know of controversial groups that he had addressed?
Hagel was in hot water for alleged hostility to Israel. So, I asked my source, had Hagel given a speech to, say, the “Junior League of Hezbollah, in France”? And: What about “Friends of Hamas”?
The names were so over-the-top, so linked to terrorism in the Middle East, that it was clear I was talking hypothetically and hyperbolically. No one could take seriously the idea that organizations with those names existed — let alone that a former senator would speak to them.
. . . I erred in counting on confidentiality and the understanding that my example was farcical — and by assuming no one would print an unchecked rumor.
If anyone didn’t know already: Partisan agendas, Internet reporting and old-fashioned carelessness can move complete crocks fast. If you see a story on Hagel addressing the Junior League of Hezbollah, that’s fake too.

Shapiro is Kinda Ticked-Off . . . 

NY Daily News Hack Posits He's Source of 'Friends of Hamas,' Lies by Omission
. . . Friedman knew his story was false when he printed it. He printed it anyway. The story Breitbart News ran originally was accurate and clearly caveated. Dan Friedman was not the source of the information given to Breitbart News. But the media is already jumping to help Friedman push his narrative. It’s all part of the mission to protect Barack Obama and Chuck Hagel. Because, after all, this is the most easily debunked story in the world: all Chuck Hagel has to do is release his records.

~ Andrew Shapiro on Breitbart AFTER Friends of Hamas was shown to be Bogus Group

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If the rumor-mongering was limited to conservative blogs, it wouldn’t be as worrisome. Unfortunately, prominent Republicans have been all too keen to go along with the line of questioning started by Breitbart.
~ Think Progress

So … Chuck Hagel has no ties to a group called “Friends of Hamas.” Ahem … Because no such group exists. But right wingers, and the McCarthyite Senators they’ve gone and elected, and their silly “news” cable channel, and their talk radio guys, and their blogs, just need, NEED, NEEEEED, to hate Barack Obama and everyone around him so desperately, they’ll believe damned near everything.
. . . And therein lies the problem with the right. They start at the end, rather than the beginning — so filled with the desire to believe the worst, that they’ll just as easily believe the stupidest.
~ The Reid Report







#FakeRightWingHagelStories



























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Stephen Colbert on Comedy Central, February 21, 2013
Senate Republicans have found all sorts of shady associations in Hagel's past. For instance, he was once a Senate Republican.
(laughter)
And now, according to conservative news anger-gator Breitbart.com, Hagel may have taken money from an organization called "Friends of Hamas."
(laughter and boos)
Friends of Hamas, that is serious. Being friends with a Muslim terrorist is a big commitment. (laughter) You've got to be groomsman in all four of their weddings. I mean, the suicide vest-rental alone . . .
(laughter)
Folks, this bombshell has lit up the conserve-o-sphere.
(plays audio about Breitbart, Rand Paul, and Fox News talking about Friends of Hamas)
Lou Dobbs of Fox: Friends of Hamas. That has a ring to it.
Colbert: Yes, that has a ring to it. A ring that goes something like this:
(Rings large bell, sound of Arab women making high-pitched sound - audience laughs and claps)
And folks, Friends of Hamas is even worse than it sounds because this organization is so sinister that it doesn't even exist.
It turns out Hagel's link with Friends of Hamas goes back to Daily News Reporter Dan Friedman who asked a Republican Senate Aide looking for dirt in Hagel's past if Hagel had given a speech to the "Junior League of Hezbollah" or the "Friends of Hamas" - "assuming that no one could take seriously the idea that organizations with those names existed."
(laughter)
Why wouldn't you take it seriously?
I mean, if there's no Junior League of Hezbollah then who puts out the cookbook of Bomb Recipes?
Besides, the fact that these organizations don't exist only makes it more suspicious that Chuck Hagel has been tied to them!
What else is he hiding that hasn't happened?
(laughter)
Is he a member of the Al Qaeda Kidz Club?
What about the Muslim Brotherhood?
Or the Muslim Sisterhood of the Traveling Pants?
(laughter and clapping)
And what about Non-Islamic Non-Existant Groups?
Has Chuck Hagel ever given a speech to Cobra, or for that matter Cobra Kai?
Has he received donations from the Lollipop Guild?
(laughter)
What are his ties to the Dead Poets Society? And why are they dead? Do they know too much about Benghazi?
(laughter)
President Obama, you must withdraw Hagel's nomination or you will lose the support of of every Moderate Republican, another group that doesn't exist.




Friday, February 15, 2013

Carnival Cruise From Hell Dominates Cable News

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From ABC News
Luckily no one was hurt in the fire that triggered the power outage, but many passengers aboard the 900-foot colossus said they smelled smoke and were living in fear.
"You didn't know if the ship was going to explode, catch back on fire. You know, for a day or so, we didn't see any kind of sign of life. And so that's pretty scary when you're out there on the water," Robyn Burgess said.
Carnival's original plan was to tow the damaged ship to Progreso, Mexico, because it was the closest port, but by the time tugboats arrived, the ship had drifted about 90 miles north due to strong currents, putting it nearly equidistant to Mobile, Ala.
Carnival added that it has canceled a dozen planned voyages for the Triumph and acknowledged that the crippled ship had been plagued by other mechanical problems in the weeks before an engine-room fire left it powerless in the Gulf of Mexico.

"No ships were coming, no boats, were coming, we saw no helicopters," said Jenkins. "It scared us because we thought the ship wasn't notifying or coming out to help us."
It took more than a day before the first tugboat arrived. As passengers got cell reception, they shared photos revealing squalid conditions - sewage seeping through the floors, plastic bags used for restrooms. Tent camps above deck, and mattresses sprawled out below. For some, the hardest part was losing contact with their family.
~ CBS News


My heart goes out to those poor passengers stuck on that floating bedpan in the Gulf of Mexico. For four days, 4,000 people stuck on a ship with foul odors, the toilets aren't working, and there's long lines for food. And here's the worst part. The karaoke machine is still working.
~ Jay Leno

I want to say if any of you are alone today (Valentine's), it could be worse. You could be on a cruise ship right now — the most miserable cruise in the history of the world.
~ Conan O'Brien




David Letterman ~ Carnival Cruise Top Ten
Things People Said When Getting Off the Hell Cruise


10.You know, it's not the worst cruise I've taken.
9. I loved everything about the cruise, except the raw sewage.
8. I didn't find love but I did catch Campylobacteriosis.
7. Thanks for nothing, Superman.
6. He looks taller in films
(oh sorry, that's what people say getting off Tom Cruise).
5. Maybe I'm just not a cruise person.
4. I need a hot shower, then a lawyer.
3. Next time, we're taking an Italian Cruise.
2. I waited in line for six hours for an onion and mayonnaise sandwich,
and I'm not leaving till I get one.
1. Damn, I missed my connecting cruise.


NEW ORLEANS - Someone who suffered through the debacle of the Carnival Triumph cruise wasn't through with his travel troubles after he got on dry land.
"The bus literally breaks down," said Clark Jones . . . Jones, along with thousands of others, endured no water and no working bathrooms on the Triumph while at sea. The boat docked on dry land early Friday morning in Mobile, Ala.
But then, his transportation back home to Dallas had more problems.
"It comes to a stop in the middle of the highway," said Jones, a musician.
"We have to pull over to the side. It's dark. All the lights on the bus go out."
Those on the bus who endured the cruise of the Triumph had various reactions, from anger to humor.

"My son Jacob and I, when we pulled over and realized the bus was broken, we just started laughing. People were giggling. Other people were not happy. I don't know what you can do about that. Buses break down all the time."
~ NBC News






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The cruise company is making a gift to the travelers of the bathrobes they were using on the ship, the company announced Friday.
"Of course the bathrobes for the Carnival Triumph are complimentary," it said in a tweet on the official @carnivalcruise account.
But the announcement has been received with less than full-throated cheers.
"Who wants a stinky robe?!" tweeted a reporter in North Carolina, Astrid Martinez, while another user of the social media site, Natalie Eshaya, enthused sarcastically, "Oh how generous."
Another skeptic, Paul Nather, wondered "What do you think the going rate for a Carnival cruise bathrobe will be on eBay tomorrow?"
The white bathrobe has become an unlikely symbol of the nightmare of the cruise-goers, who donned them to attract attention as they stood on the drifting ship.
Others used the white terrycloth as a canvas to write messages, with one passenger proclaiming, "I survived Carnival's triumph redbags" -- a reference to the bags that substituted for toilets.

~ Agence France-Presse via Raw Story











They’re doing everything possible to make you forget that you’re on a boat. So what’s the point of having a boat? It’s just a hotel that might sink.
~ Steve Kornacki on MSNBC's The Cycle

I have a deep blood memory aversion to getting on a big boat. Maybe a little boat but not a big boat. They keep talking about nightmare cruise, I’m like, ‘Hello, the Middle Passage, that was a nightmare cruise."
~ Touré on MSNBC's The Cycle, referring to Slave Ships of the Middle Passage from Africa



Carnival Snooze
Oh, you were on a cruise for 8 days instead of four, and you didn’t run out of food or water, and you had trouble charging your cellphone, and all you got was a full refund, $500 bucks, a night in a hotel, and another free cruise? Yeah, you get 3,000 tiny violins, and a case of Purell®. Even white people are like, “Those are some white people problems.”
~ Mediaite

Happy Valentine's Day. I'd like to give a shout-out to all the lovers out there, some of whom are clearly lying . . . all the lovers out there who thought it would be a good idea to take their significant other on a cruise for the holiday and ended up stranded at sea for six days crapping into a plastic bag. Or as the Germans call that "The Love Boat."
. . . CNN has been on the case, for some reason giving this boat crisis wall-to-sh*t-covered-wall coverage, treating a stalled cruise ship like it's the Shackleton Expedition (to Antarctica).
(Plays CNN clip of people waving from ship to loved ones on shore.)
Yeah, you're not heroes, guys. It's not a hostage situation or a baby in a well. You reconnected them? They weren't supposed to see each other. They were on a cruise for a few days.
Meanwhile, the "ship of stools" enjoyed 24-7 coverage and a slow tugboat job back to Mobile, Alabama.
~ Jon Stewart of Comedy Central


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CNN Transcript 2 ~ The Erin Burnett Show Feb. 14, 2013

BURNETT: I mean, we've heard about it was listing. I mean, there had to be moments where you said, I'm vulnerable out there? Did you never feel that way?

KENNY: Yes, I mean, a little bit. You know, like I said I -- my personality is I have to take things in stride. I don't -- you know, I don't want to worry too much, but I don't want to get overexcited, but you know what I do remember is when you're on going through the, you know, the muster station drills and the safety procedures and they're talking about the worst thing that could happen on a ship is a fire, and you're like, yes, well, that's not going to happen.

BURNETT: Yes.

KENNY: And then, of course, you know, you're woken up at 5:30 a.m. by the captain saying Alpha team and you're putting two and two together, and then you smell smoke, and so, yes, that was a little unnerving so I think at that point you're like, we are out here in the Gulf and, you know, there's nothing out here. You know? And that was -- that was a little -- a little scary. We were dead in the water, I mean, for the -- you know, no other way to put it so.

SAVIDGE: And the isolation factor you described, this is the same sort of thing many people have gone through Katrina in New Orleans, those that were left behind, they never heard anything either. And it's -- your mind begins to race, you wonder if anybody knows the circumstance you're in. You think you're all alone and of course any rumor becomes solid fact and it spreads in a very closed environment so I imagined it's something very similar.

KENNY: Yes. But, you know, let's put that perspective. I mean Katrina was a major devastation.

SAVIDGE: True.

KENNY: We're on a freaking cruise ship and we were just all having a good time. So, you know, from that angle, and I get it because it is an isolation of communication, but two different things, you know, two different things. And it's just --


SAVIDGE: What was it like when you first were able to talk to someone?
BURNETT: Yes.

KENNY: That was great. Getting through to my wife, you know, being able to talk to my kids just for a little bit, just to say, hey, I'm out here, I'm all right, you know, was awesome to be able to do that. And you know, I mean, it's -- you know, you speak to them a couple of days, you're on a cruise, you know, and -- so that was good just to be able to have that, knowing that hey, I'm OK, you know, the ships were still here, we're not sinking or anything like that.

BURNETT: So would you -- will you go on a cruise again?
KENNY: I would.
BURNETT: Yes?
KENNY: Yes, I mean, you know, it's going to take a while. It's not going to be like next week or anything so --
(LAUGHTER)





Monday, February 11, 2013

Holy Jokes ~ Pope Benedict XVI Resigning from The Vatican

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source: tumblr

Story via Huffington Post
VATICAN CITY (AP) — Pope Benedict XVI announced Monday that he would resign on Feb. 28 because he was simply too infirm to carry on — the first pontiff to do so in nearly 600 years. The decision sets the stage for a conclave to elect a new pope before the end of March.

The 85-year-old pope announced his decision in Latin during a meeting of Vatican cardinals on Monday morning.

He emphasized that carrying out the duties of being pope — the leader of more than a billion Roman Catholics worldwide — requires "both strength of mind and body."

. . . The last pope to resign was Pope Gregory XII, who stepped down in 1415 in a deal to end the Great Western Schism among competing papal claimants.




















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Monday, February 4, 2013

Twisted Remains of Richard III Make for Twisted Snark

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From BBC News
A skeleton found beneath a Leicester car park has been confirmed as that of English king Richard III.

Experts from the University of Leicester said DNA from the bones matched that of descendants of the monarch's family.

Lead archaeologist Richard Buckley, from the University of Leicester, told a press conference to applause: "Beyond reasonable doubt it's Richard."

Richard, who died in battle 1485, will be reinterred in Leicester Cathedral.

His skeleton had suffered 10 injuries, including eight to the skull.



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Sunday, January 13, 2013

Treasury Rejects Coin Solution to Debt Ceiling Conundrum

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Related Posts:
A Coin As Big as 89 Whales
White House Plays Coy on Minting Coin
Obama Should Mint Coin to Avoid Debt

From Ezra Klein on Washington Post
The Treasury Department will not mint a trillion-dollar platinum coin to get around the debt ceiling. If they did, the Federal Reserve would not accept it.
That’s the bottom line of the statement that Anthony Coley, a spokesman for the Treasury Department, gave me today. “Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit,” he said.

Official White House Statement on Huff Post
There are only two options to deal with the debt limit: Congress can pay its bills or they can fail to act and put the nation into default," said Press Secretary Jay Carney. "When Congressional Republicans played politics with this issue last time putting us at the edge of default, it was a blow to our economic recovery, causing our nation to be downgraded. The President and the American people won't tolerate Congressional Republicans holding the American economy hostage again simply so they can force disastrous cuts to Medicare and other programs the middle class depend on while protecting the wealthy. Congress needs to do its job.

~~~~~~~~~~~~

With this, the White House has now ruled out the two best options for preventing a default in the event that the House GOP refused to life the debt ceiling. The White House has been quite adamant that the other alternative (invoking the 14th Amendment) is not acceptable.
So now the stakes are high, as The White House has refused to negotiate with the GOP on a debt ceiling hike.
What bargaining chips does The White House hold? Unclear.
~ Joe Weisenthal on Business Insider

. . . the last debt ceiling confrontation crept up on the White House because Obama refused to believe that Republicans would actually threaten to provoke default. Is the WH being realistic this time, or does it still rely on the sanity of crazies?
The thing is, the coin option sounds silly, but it clearly obeys the letter of the law. As far as I can tell, none of the other options — other than outright surrender — has the same virtue.
. . . And default in any of these senses would risk a huge collapse of confidence.
So is there a plan, or will it just be another case of tough talk followed by a tail-between-the-legs retreat?
~ Economist Paul Krugman on NYT

















Wednesday, January 9, 2013

White House Plays Coy on Minting Platinum Coin

HomerCoin

Related Posts:
A Coin As Big as 89 Whales
Obama Should Mint Coin to Avoid Debt


Spokesman Jay Carney at Afternoon Press Briefing, 1-9-13
The option here is for Congress to pay its bills," Carney said repeatedly when asked about the prospect of Obama considering the $1 trillion coin approach. "There is no Plan B. There is no backup plan."
Pressed again later for a "yes" or "no" answer, Carney still wouldn't give one.
"I would refer you to Treasury for specifics of this question," he said. "I can tell you the president does not believe that there is a backup plan or a Plan B or an off-ramp. The only option here is for Congress to fulfill ... its responsibility and ensure the United States pays its bills."











Huffington Post Headline This Afternoon:

Coin-HuffHeadline2

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BoehnerCoin
source @brianbeutler on twitter

















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Mint the Coin

With the Debt Ceiling coming up soon, it
Is time (although some may impugn it)
For coining a halt
To a US default
With a really big monet'ry unit.

A one-trillion coin, it is said,
Could be minted and shipped to the Fed,
In order to pay
What the US of A
Might be forced to renege on instead.

This sizeable denomination
Would be kept out of mass circulation,
The better to sidestep
That such an untried step
Precipitates hyperinflation.

When Republicans finally come round
From running bond issuance aground,
It's back to the Mint
For the Coin, where its stint
Will be wound up with melting it down.

So let's mint The Coin out of platinum!
Though objections there be, we may flatten 'em.
There are ways besides cash
'Round the Debt Ceiling clash,
But there's nothing as clever as that in 'em.

~ By Dr. Goose on Limericks Économiques

Tuesday, January 8, 2013

Obama Should "Mint the Coin" to Avoid Debt Crisis

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Related Posts:
A Coin As Big as 89 Whales
White House Plays Coy on Minting Coin


Update: Nine Faces of the Platinum Coin from Talking Points Memo

...A stalwart band of merrymakers are finding a lot of fun Monday in the concept of a giant platinum coin.
~ Denny Gulino, MNI Financial News

From Joe Weisenthal on Business Insider
So where does the Trillion Dollar Platinum Coin fit in?
In the section of the law which specifically relates to the Treasury's ability to create money (coins and bills) section K says this:
(k) The Secretary may mint and issue platinum bullion coins and proof platinum coins in accordance with such specifications, designs, varieties, quantities, denominations, and inscriptions as the Secretary, in the Secretary’s discretion, may prescribe from time to time.
In other words, when it comes to platinum coins, the Secretary (who is currently Tim Geithner) has discretion on the designs, specifications, quantities, and denominations of platinum coinage.
So let's say, Tim Geithner decided to stamp out a $1 trillion coin. What does that accomplish?
The idea is that after it was created, Geithner could walk it over to the Federal Reserve, and deposit it in the Treasury's bank account. Then the Treasury, rather than having to issue new debt (because remember, Congress hasn't raised the limit) can make sure its checks clear against this money.
Voila, crisis averted!



Funny Money
Imagine sitting around the kitchen table, trying to figure out how you're going to pay off that next-generation HDTV you just bought.
Then someone has an idea. Brush off one of the old checker pieces in the attic, assign it a value of, say, $2,000 -- and use that newly minted "coin" to pay the credit card.
~ Fox News

I don't think there's even a remote chance that any court in the country would uphold a Treasury reading of this law that used it as a pretense for minting a $1 trillion coin.
. . . This whole notion is the kind of thing that Herman Cain would come up with. It's time to stop treating it seriously.
~ Kevin Drum on Mother Jones

. . . There is a Twitter hashtag – #mintthecoin – and a wan, spindly White House petition created on January 3 that needs around 25,000 signatures and currently has just under 2,000, which makes it resemble the winsomely pathetic Charlie Brown Christmas tree.
. . . This is an elegant solution – if you are a cartoon villain given to sitting in a vast underground bunker and innovating plans for world domination while petting a white cat. It makes less sense for real mortals. In fact, it has all the aspects of a group of well-financed mad scientists plotting to create a giant slingshot to avert an asteroid hurtling towards the earth.
~ Heidi Moore on Guardian UK

There’s exactly zero chance that the House Republicans, faced with the Coin Threat, will suddenly turn logical and decide that they’re not going to play political games around the debt ceiling after all. Rather, the Coin Threat is a political game, played by the other side: it’s the executive branch bringing itself down to the House Republicans’ level.
If you believe that the country is best run by grown-ups, you can’t believe in #mintthecoin, because it simply isn’t a grown-up strategy.
~ Felix Salmon on Reuters

My bill will take the coin scheme off the table by disallowing Treasury to mint platinum coins as a way to pay down the debt.
~ Congressman Greg Walden, R-Oregon, on a bill in which he wants to make it illegal to mint coins to pay the national debt























"That's silly/zany/juvenile!" This is probably true, but it's not a dispositive objection. Republican intransigence over the debt ceiling is juvenile. There is no particular reason that the president should not use a juvenile strategy in response.
The key question to ask about the platinum coin is not "is it juvenile?" but "will it work?" Minting the coin will allow the federal government to continue to meet its spending obligations despite hitting the debt ceiling. It will allow President Barack Obama to pressure Congress to repeal the debt ceiling. That -- not whether it seems silly -- is the important thing.
~ Josh Barro on Bloomberg



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Should President Obama be willing to print a $1 trillion platinum coin if Republicans try to force America into default? Yes, absolutely. He will, after all, be faced with a choice between two alternatives: one that’s silly but benign, the other that’s equally silly but both vile and disastrous. The decision should be obvious.
. . . Enter the platinum coin. There’s a legal loophole allowing the Treasury to mint platinum coins in any denomination the secretary chooses. Yes, it was intended to allow commemorative collector’s items — but that’s not what the letter of the law says. And by minting a $1 trillion coin, then depositing it at the Fed, the Treasury could acquire enough cash to sidestep the debt ceiling — while doing no economic harm at all.
So why not?
~ Paul Krugman

There are two possible trump cards for Obama. One is the “platinum coin” option, in which the government mints a trillion-dollar coin and uses it to pay its debts... There’s also the 14th Amendment option, which some legal observers believe empowers the President to ignore the debt ceiling.
. . . Obama appears cool to both ideas. But Scott Wagner, a former NYPD homicide detective with extensive experience negotiating hostage crises, says the President needs to at least hint at a willingness to pursue an alternative endgame. A hostage negotiator needs to persuade a hostage taker that he is totally isolated and that the negotiator is the only one who holds the key to his way out — that “deep down, he is not in control of the situation.”
Greg Sargent on Washington Post








Petition on WhiteHouse.Gov
Direct the United States Mint to make a single platinum trillion dollar coin!

With the creation and Treasury deposit of a new platinum coin with a value of $1 trillion US Dollars, we would avert the absurd-yet-imminent debt ceiling faceoff in Congress in two quick and simple steps! While this may seem like an unnecessarily extreme measure, it is no more absurd than playing political football with the US -- and global -- economy at stake.
Created: Jan 03, 2013
Issues: Economy
Learn about Petition Thresholds
Signatures needed by February 02, 2013 to reach goal of 25,000
18,882
Total signatures on this petition
6,118

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