ALERT: Boehner Opts for Time-Honored “Pull and Pray” Method

Dow futures plunged by as much as 260 points in the last hour before settling down to a 180 point drop from the close at 4pm. This happened on word that, like high school seniors on prom night, the House GOP was opting to approach the Cliff with the time-honored “Pull and Pray” method rather than bring Plan B to a vote.

Yes, Boehner has pulled out and the markets done like this behavior at all (EVEN THOUGH OBAMA ALREADY PUBLICLY SAID HE’D VETO PLAN B IF BROUGHT TO HIS DESK ANYWAY).

The pessimists are tweeting their fucking heads off right now about how this all coincides with the Mayan end of the world tomorrow and we’re dead anyway. The optimists (or realists) are pointing to the House’s failure to vote for TARP in late 2008, the attendant 777-point Dow sell-off and then the rush to compromise a couple of days later.

Could this embarrassment actually force a capitulation deal even sooner?

Will a huge market drop force these assholes to make a deal?

Obama’s in Hawaii on his third hammock-dream right now, it’s up the Republicans to either rally around Boehner or fail.

They did lose the election after all.  Pull and pray ain’t gonna work here, boys. When has it ever?

Further Reading:

Plan ‘C’ Anyone? Boehner Humiliated As “Plan B” Lacks Enough Votes To Pass (Zero Hedge)


CLIFF CHAOS: Boehner Pulls GOP Bill (Politico)


Keep an eye on the emini S&P 500 futures stream at StockTwits

What's been said:

Discussions found on the web
  1. คอนโดเงินเหลือ commented on Sep 18

    … [Trackback]

    […] Here you will find 53536 additional Info to that Topic: […]

  2. birchwood toyota commented on Sep 22

    … [Trackback]

    […] Find More Info here to that Topic: […]

  3. immediate edge review commented on Sep 28

    … [Trackback]

    […] Information to that Topic: […]

  4. bitcoin era review 2020 commented on Sep 28

    … [Trackback]

    […] Here you will find 56781 more Info on that Topic: […]

  5. how to access onion addresses commented on Oct 11

    … [Trackback]

    […] Read More on to that Topic: […]

  6. fun88 commented on Oct 13

    … [Trackback]

    […] Find More on on that Topic: […]

  7. Quality Engineering Services - QE Services commented on Nov 11

    … [Trackback]

    […] Find More Info here to that Topic: […]

  8. rbc banking sign in commented on Dec 01

    … [Trackback]

    […] Read More on that Topic: […]

Read this next.