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View Diary: President Obama: Debt Ceiling Negotiation "Is Not A Game I Will Play." (117 comments)

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  •  The uncertainty effect (12+ / 0-)

    Is absolutely real and has already taken its toll on our markets. This is the biggest effect of the FC situation.

    Trillions of dollars are sitting on the sidelines, just waiting for some sense of certainty that will allow investors to pour back into the market. Money for everyone!

    Watch the ticker on CNBC-- you can literally watch the Dow drop in real time while these GOP clowns whine at the microphones about how they won't compromise.

    "What everyone wants is a job and some hope."--RFK

    by For Dean in Dixie on Wed Dec 05, 2012 at 11:57:26 AM PST

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    •  Hell, the casino's rigged (4+ / 0-)

      I'm a realist, and realize that they have the economy by the short-hairs, but sooner or later - another, bigger and longer-lasting middle-finger is due the Wall Streeters anyway.

      "Jump, you fuckers"

      The dire straits facing America are not due poor people having too much money

      by Anthony Page aka SecondComing on Wed Dec 05, 2012 at 12:59:39 PM PST

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      •  I'm a realist, too. (2+ / 0-)
        Recommended by:
        democrattotheend, fhcec

        But don't throw the baby out with the bath water. The Market is not just the fat cat SOBs-- it's anybody with a retirement account or pension, all the little guy home gamers, all of us with a tiny education account.

        This uncertainty is screwing us all.

        "What everyone wants is a job and some hope."--RFK

        by For Dean in Dixie on Wed Dec 05, 2012 at 03:46:07 PM PST

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    •  but, what IS "uncertainty", and can you point to (1+ / 0-)
      Recommended by:
      Simplify

      instances in history when this phenomenon dragged down the markets?

      markets are at, or near, historic highs - WHY, if they have had to face so much "uncertainty"?

      Coming Attraction: "Tea Party II - now with more stupid!"

      by memofromturner on Wed Dec 05, 2012 at 03:39:08 PM PST

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      •  Uncertainty is not knowing (2+ / 0-)
        Recommended by:
        DianeNYS, TomP

        what the money and tax environment will be, and not knowing if the wingnuts will succeed in imposing a Euro- style, profit-killing austerity, or if they might commit financial seppuku and tank the global economy by repeating the threat of driving us into default on our debts, like they did last year.

        CEOs can deal with small tax hikes or whatever. They just want to know what the rules are gonna be.

        The market changes every day.  Look at how it crashed last year after the default threat.

        The Market has come back up on the hope that the politicians will surely come to their senses. But that could change.

        The bulk of the money is still on the sidelines.

        "What everyone wants is a job and some hope."--RFK

        by For Dean in Dixie on Wed Dec 05, 2012 at 03:56:34 PM PST

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        •  "Assume the worst" (0+ / 0-)
          CEOs can deal with small tax hikes or whatever. They just want to know what the rules are gonna be.
          I really don't buy this argument.

          Every tax law change for years has been telegraphed months if not years ahead of time.  Everyone knew when the Bush tax cuts would expire the minute they were passed.  There was absolutely no reason to assume they would be extended.  This is just one specific example, there are many more.

          Any corporation of significant size should know to the penny what specific tax benefits mean to their bottom line, and should have specific plans for dealing with any changes to any of them.  This is just not that hard.

          However, as with the obvious failures to do even the basic groundwork for State Health Exchanges, it's obvious that many corporations don't bother even thinking about anything until the deadline is staring them in the face.

          Your lack of planning is not my emergency.

          -7.75 -4.67

          "Freedom's just another word for nothing left to lose."

          There are no Christians in foxholes.

          by Odysseus on Wed Dec 05, 2012 at 09:16:35 PM PST

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