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[Ether_Snake]

Anyone thinking of moving their money around in their 401K because of this?

I already have, just in bonds/treasuries/etc., temporarily. Sold off around 1/3rd of my non-401k investments.

The usual rethoric of this being pointless on a long-term 401k strategy is dead-wrong, because if short-term movements are meaningless over the long term, then so are short-term rebalancing. Considering the markets haven't tank, it's a good time to move to safe assets if you want to. Waiting for a fall would be a bad time to do it.

Meanwhile, Guardian:

Game over? Yesterday @Heritage_Action threatens to punish vote for CR, now it says wait 4 years http://t.co/CldiN3mREp

 

[Riki]

I already have, just in bonds/treasuries/etc., temporarily. Sold off around 1/3rd of my non-401k investments.

The usual rethoric of this being pointless on a long-term 401k strategy is dead-wrong, because if short-term movements are meaningless over the long term, then so are short-term rebalancing. Considering the markets haven't tank, it's a good time to move to safe assets if you want to. Waiting for a fall would be a bad time to do it.

Meanwhile, Guardian:

Haha. By 2017 you guys won't even be relevant!

 

[David Incorporated Esq.]

Anyone thinking of moving their money around in their 401K because of this?

I'm retiring in something like 30 years, why would I care if the market tanked for a few weeks?

Is what Boehner and the House GOP are doing technically sedition?


http://codes.lp.findlaw.com/uscode/18/I/115/2384

No. The legislature is there to create or remove laws; debating them, even in a stupid, scummy, useless way is not a criminal act. Let's not go down that road, either, because it's just shit slinging.

Also let's stop it with the "President While Black" meme. Even if some people have racist motivations for not liking Obama, it only erodes the chance at positive dialog if one side is shouting "Well you're just racist!" Calling them on it isn't going to change anyone's opinions, and it makes you look like you're race baiting.

It's much, much better to refute arguments to the point where normal people start to scratch their heads and wonder "If none of what they say is a legitimate complaint are they upset with him just because he's black?"

 

[BertramCooper]

Do we have an estimate of how much has been added to the deficit because of this shitdickery?

I'm in another stupid argument on Facebook and I need a source.

 

[jorma]

Is what Boehner and the House GOP are doing technically sedition?


http://codes.lp.findlaw.com/uscode/18/I/115/2384

No, they need to do whatever they do "by force". That implies violence or the threat of violence. I don't think it's meant to apply to political shenanigans by elected congressmen.

 

[Gannd]

ApparentlY the GOP is getting plans together to impeach the President regardless of the outcome.
Good luck with that!

Yeah. No they aren't. Some members may be putting plans together to do that but the GOP isn't. Saying fubar like this is great to get the lefties on this forum excited about the derp derp of the GOP but there were Dems doing that under Bush and it went nowhere.

 

[Ether_Snake]

I'm retiring in something like 30 years, why would I care if the market tanked for a few weeks?

To reinvest when markets are low? There is no logic in never rebalancing your portfolio. This isn't a situation that happens often, so moving your movey to different investments is not the same as pulling your money out.

There is no denying that the current situation is risky, and that people have an opportunity they haven't had in the past in such situations to move their money to safer assets. The last time this happened was in 2008, so to say "I'm retiring in 30 years what do I care ha!" is not understanding how you can manage your investments rationally. Moving your investments to safe assets now will not be a problem long-term, especially if markets don't crash. If they do crash though, you have an opportunity to reinvest when markets are low. Win-win.

Do we have an estimate of how much has been added to the deficit because of this shitdickery?

I'm in another stupid argument on Facebook and I need a source.

QE will likely be extended into next year. Unless the Fed thinks it's a good time to experiment with tapering considering markets didn't fold even under default-pressure.

 

[DyTonic]

Ok wtf, are they really going to let shit hit the fan...

 

[Gannd]

I already have, just in bonds/treasuries/etc., temporarily. Sold off around 1/3rd of my non-401k investments.

The usual rethoric of this being pointless on a long-term 401k strategy is dead-wrong, because if short-term movements are meaningless over the long term, then so are short-term rebalancing. Considering the markets haven't tank, it's a good time to move to safe assets if you want to. Waiting for a fall would be a bad time to do it.

:

When did you do this? And how old are you?

 

[Blader]

Do we have an estimate of how much has been added to the deficit because of this shitdickery?

I'm in another stupid argument on Facebook and I need a source.

Shutdown has cost about 2.5 billion

http://www.usatoday.com/story/opini...-parks-salmonella-editorials-debates/2977257/

 

[Riki]

Yeah. No they aren't. Some members may be putting plans together to do that but the GOP isn't. Saying fubar like this is great to get the lefties on this forum excited about the derp derp of the GOP but there were Dems doing that under Bush and it went nowhere.

Josh Marshall ‏@joshtpm 5m
Actly hearing of some House GOPs saying reaction to default/shutdown been so bad so far, no choice but to impeach so public gets it.​

The actions of some of their party speak for most, as we've seen over the past two weeks.
Even if it's not the majority, the fact that ANY are trying this is insane and just shows how out of touch the GOP is with reality.

 

[Tal Shiar Agent]

No. The legislature is there to create or remove laws; debating them, even in a stupid, scummy, useless way is not a criminal act. Let's not go down that road, either, because it's just shit slinging.

But the House GOP is using their authority to extort a change in law (which passed the House, Senate, Pres, and Supreme Court and failed 41 times to be revoked by the House) by holding the national economy hostage.

Under the 1946 Hobbs Act the House GOP (or at least Boehner) is culpable for felony extortion under the color of official right.

No, they need to do whatever they do "by force". That implies violence or the threat of violence. I don't think it's meant to apply to political shenanigans by elected congressmen.

"By force" also covers extortion.

 

[David Incorporated Esq.]

To reinvest when markets are low? There is no logic in never rebalancing your portfolio. This isn't a situation that happens often, so moving your movey to different investments is not the same as pulling your money out.

There is no denying that the current situation is risky, and that people have an opportunity they haven't had in the past in such situations to move their money to safer assets. The last time this happened was in 2008, so to say "I'm retiring in 30 years what do I care ha!" is not understanding how you can manage your investments rationally. Moving your investments to safe assets now will not be a problem long-term, especially if markets don't crash. If they do crash though, you have an opportunity to reinvest when markets are low. Win-win.

Oh okay I see what you're getting at. I could probably talk to my company to see if they have anyone who could manage it in that way, but me trying to game the threat of default would most likely backfire.

I thought you were just talking about pulling money out, anyway, which is a hilariously bad idea. I had an adviser at one point who had lots of people pull out of the stock market after the crash at its lowest point against his strong advice. They just got so scared that the world was ending that they lost, in some cases, hundreds of thousands of dollars where just waiting a couple of years would have brought it all back.

"Oh no, I'm losing thousands in the stock market, I'd better pull out now at a low point and buy up gold, as I hear that's a safe investment but in actuality is a declining commodity!"

 

[Blader]

lol @ "Wait until 2017!"

By then, ACA will be in too far deep.

 

[Buddha Beam]

Yeah. No they aren't. Some members may be putting plans together to do that but the GOP isn't. Saying fubar like this is great to get the lefties on this forum excited about the derp derp of the GOP but there were Dems doing that under Bush and it went nowhere.

The difference being that the Dems weren't controlled by the people introducing articles of impeachment. It's reasonable to say that if the teabaggers are scribbling up impeachment, Boehner & Co. will go along with them, if only out of self interest.

Well... by the time it happens I suppose Boehner won't be speaker any longer.

 

[Gannd]

Josh Marshall ‏@joshtpm 5m
Actly hearing of some House GOPs saying reaction to default/shutdown been so bad so far, no choice but to impeach so public gets it.​

The actions of some of their party speak for most, as we've seen over the past two weeks.
Even if it's not the majority, the fact that ANY are trying this is insane and just shows how out of touch the GOP is with reality.

You had fringe democrats trying to impeach Bush. You have fringe Republicans doing the same thing. This isn't going to happen and it's not going to go anywhere. It's 100% not going to be put forth by the Republican party.


There needs to be a split of the Republican party like Hannity wants but I think you guys are really reaching when you bring this stuff up.

 

[Ether_Snake]

Oh okay I see what you're getting at. I could probably talk to my company to see if they have anyone who could manage it in that way, but me trying to game the threat of default would most likely backfire.

I thought you were just talking about pulling money out, anyway, which is a hilariously bad idea. I had an adviser at one point who had lots of people pull out of the stock market after the crash at its lowest point against his strong advice. They just got so scared that the world was ending that they lost, in some cases, hundreds of thousands of dollars where just waiting a couple of years would have brought it all back.

"Oh no, I'm losing thousands in the stock market, I'd better pull out now at a low point and buy up gold, as I hear that's a safe investment but in actuality is a declining commodity!"

No I'd never pull money out before retirement (unless for house purchase). But I rebalance my 401k investments once to twice a year. So I just did it in case things go south. If markets are fine, I'll move things back, but only in January because this crap we are going through will come back by then.

 

[Gannd]

The difference being that the Dems weren't controlled by the people introducing articles of impeachment. It's reasonable to say that if the teabaggers are scribbling up impeachment, Boehner & Co. will go along with them, if only out of self interest.

Well... by the time it happens I suppose Boehner won't be speaker any longer.

The Republican party freaked out last night. He's not going to be speaker after 2014 anyway (even if the Republicans keep the house). I think we'll see a real third party candidate that represents the tea party in 2016. I hope there is a Tea Party political party that happens. Get those nuts out there and let the Republican party go after the majority of the country which is center-right.

 

[Lo-Volt]

Josh Marshall ‏@joshtpm 5m
Actly hearing of some House GOPs saying reaction to default/shutdown been so bad so far, no choice but to impeach so public gets it.​

The actions of some of their party speak for most, as we've seen over the past two weeks.
Even if it's not the majority, the fact that ANY are trying this is insane and just shows how out of touch the GOP is with reality.

By all means, please usher in the next phase of the silliest, most useless crisis since the last time your party has done this.

 

[BertramCooper]

QE will likely be extended into next year. Unless the Fed thinks it's a good time to experiment with tapering considering markets didn't fold even under default-pressure.

Thank you muchly!

 

[SteveWinwood]

The Republican party freaked out last night. He's not going to be speaker after 2014 anyway (even if the Republicans keep the house). I think we'll see a real third party candidate that represents the tea party in 2016. I hope there is a Tea Party political party that happens. Get those nuts out there and let the Republican party go after the majority of the country which is center-right.

I'm for this simply because it insures a democratic presidential lock with that kind of spoiler.

 

[Jonm1010]

Senate Bill funds government through Jan. 7, I believe. It was the House bill the only funded through December 10.

So the fun'll happen right after Christmas.

Honestly I fully expect the republicans to try and quietly pass the next funding bill with little fanfare.

I think Boehner and the non-tea party republicans know its a losing fight now and will just pass it straight through the next go around.

 

[Riki]

You had fringe democrats trying to impeach Bush. You have fringe Republicans doing the same thing. This isn't going to happen and it's not going to go anywhere. It's 100% not going to be put forth by the Republican party.


There needs to be a split of the Republican party like Hannity wants but I think you guys are really reaching when you bring this stuff up.

These "fringe Republicans" consist of a good portion of Republicans, and as we've seen, hold far more power than they should.
They'll try and try to get this through.
Just like they tried and tried to kill ACA.

 

[Macho Madness]

"I understand they've come to an agreement" - Senator Kelly Ayotte referring to Senate leaders

 

[zomgbbqftw]

Can someone explain to me in simple terms why the GOP don't just kick out the Tea Party from their ranks and tell them to fuck off. Short term damage for long term prosperity as the public realise what a bunch of crazies the TP really are without the slightly more palatable GOP veneer.

They desperately need to shift to the centre to compete with the Dems but with the TP in their ranks it won't happen.

 

[TacticalFox88]

I'm retiring in something like 30 years, why would I care if the market tanked for a few weeks?



No. The legislature is there to create or remove laws; debating them, even in a stupid, scummy, useless way is not a criminal act. Let's not go down that road, either, because it's just shit slinging.

Also let's stop it with the "President While Black" meme. Even if some people have racist motivations for not liking Obama, it only erodes the chance at positive dialog if one side is shouting "Well you're just racist!" Calling them on it isn't going to change anyone's opinions, and it makes you look like you're race baiting.

It's much, much better to refute arguments to the point where normal people start to scratch their heads and wonder "If none of what they say is a legitimate complaint are they upset with him just because he's black?"

Get the fuck out of here with that horseshit. You're essentially saying "It's okay that you hate the leader of the free world because of his skin color, but I don't like to think of it that way so let's not talk about it"

It's been obvious for five+ years now, that the vast majority of Obama's hate comes from racism and inner prejudice, subconscious or not, whether they are even realize it.

Don't believe me? Tell me exactly why just about EVERY single one of the right's critique of him is basically just a ficticous version of Obama that doesn't exist AT FUCKING ALL in reality? Not criticizing him on drone strikes, caving at certain times, NSA, etc. It's always propagated dog whistling (He's a socialist! He's a Muslim!! DICTATER!")

This isn't "race baiting". It's telling it how it fucking it is, no matter how uncomfortable certain folks don't want to admit. Get back at me when the Right as a whole criticizes 'Bams for something GENUINELY legitimate. Until then, they're just racist assholes who are still salty as fuck over a dark skinned man being the most powerful person in the world.

 

[Riki]

Can someone explain to me in simple terms why the GOP don't just kick out the Tea Party from their ranks and tell them to fuck off. Short term damage for long term prosperity as the public realise what a bunch of crazies the TP really are without the slightly more palatable GOP veneer.

They desperately need to shift to the centre to compete with the Dems but with the TP in their ranks it won't happen.

Because the Tea Party has the money and power to destroy Republicans and replace them in their districts.
And they've been doing just that.

 

[Stinkles]

Yeah. No they aren't. Some members may be putting plans together to do that but the GOP isn't. Saying fubar like this is great to get the lefties on this forum excited about the derp derp of the GOP but there were Dems doing that under Bush and it went nowhere.

Bush actually committed impeachable offenses. Lying to send us into an unfunded war, creating the very debt the Tea Party is so obsessed with. Not to mention the needless deaths of thousands of US soldiers and hundreds of thousands of Iraqi citizens.

meanwhile Obama stubbornly refused to be white.

his crimes include uppityness, thuggery, laziness and urbanism.

 

[Gannd]

I'm for this simply because it insures a democratic presidential lock with that kind of spoiler.

In 2016 it does. But, then the Dems are going to turn into the Republicans and start pushing the next President to the left and the Republican party (minus the nut jobs) will be there to pick up the moderates and win in 2020.

 

[InsaneZero]

Can someone explain to me in simple terms why the GOP don't just kick out the Tea Party from their ranks and tell them to fuck off. Short term damage for long term prosperity as the public realise what a bunch of crazies the TP really are without the slightly more palatable GOP veneer.

They desperately need to shift to the centre to compete with the Dems but with the TP in their ranks it won't happen.

The base is made up of Tea Party crazies, so if these people want to win the primary they'll have to shift hard right to survive. It's unsustainable, but they made this bed themselves.

 

[FyreWulff]

Can someone explain to me in simple terms why the GOP don't just kick out the Tea Party from their ranks and tell them to fuck off. Short term damage for long term prosperity as the public realise what a bunch of crazies the TP really are without the slightly more palatable GOP veneer.

They desperately need to shift to the centre to compete with the Dems but with the TP in their ranks it won't happen.

Because the party lets itself be habitually run by single people outside of the party structure, and the party's tendency to go in lockstep means you only need to influence a couple of people and you essentially start steering them. They also force freshmen lawmakers to become hardline to get anything they want.

In the Democratic Party, you can be a Dixiecrat and call out a current Dem president and go unpunished. If you're a Republican and say something negative about Rush Limbaugh, your career is over. Because of the money involved.

 

[AranhaHunter]

Well.....What a humiliating 2 weeks this has been for the GOP. Honestly and truly, if this fiasco isn't present front and centre in everyone's minds come election time, there is no hope for America. The Tea Party have played their lunatic hand and it has cost the GOP dearly.

This is a great day for Centre Leftists everywhere.

I have never been a political person in my life, but for the first time I'm somewhat paying attention to politics and what's going on. That's due to the current state the US is in and has been in for the past few years. I am not a republican, democrat, independent. I know I liked Bill, hated Bush, and so-so on Obama. I actually have no idea where I stand on the political side. I'm trying to educate myself so that I can register and vote next election. I'm mostly interested in hearing how they plan on reducing the $17 trillion debt and getting that under control. However, I obviously still don't know a lot and have a lot to learn (for example, I don't have a clear understanding what the tea party really wants to do). I have read on them, but I just get confused and honestly I start getting bored and zoning out as I'm reading anything politics related. I guess it's because of the years and years of ignoring politics.

 

[maquiladora]

So is it over?

Pretty much, just has to be voted on but we already know the numbers are there for it to pass in the House and Senate.

DJ is up ~200 points.

 

[Blader]

Can someone explain to me in simple terms why the GOP don't just kick out the Tea Party from their ranks and tell them to fuck off. Short term damage for long term prosperity as the public realise what a bunch of crazies the TP really are without the slightly more palatable GOP veneer.

They desperately need to shift to the centre to compete with the Dems but with the TP in their ranks it won't happen.

Tea Party Republicans are bankrolled by the Koch brothers and other libertarian billionaires, who can and did pump hundreds of millions of dollars into Tea Party campaigns that oust establishment (let alone moderate) Republicans in favor of these nutjobs. The normal GOPers are frightened of getting primaried like their colleagues were in 2010 so they try to appease the Tea Party as much as possible.

 

[Gannd]

Bush actually committed impeachable offenses. Lying to send us into an unfunded war, creating the very debt the Tea Party is so obsessed with. Not to mention the needless deaths of thousands of US soldiers and hundreds of thousands of Iraqi citizens.

meanwhile Obama stubbornly refused to be white.

The Republicans don't dislike Obama because he's black. Can we kill that meme? They dislike him because he's a Democrat.

 

[RDreamer]

Can someone explain to me in simple terms why the GOP don't just kick out the Tea Party from their ranks and tell them to fuck off. Short term damage for long term prosperity as the public realise what a bunch of crazies the TP really are without the slightly more palatable GOP veneer.

They desperately need to shift to the centre to compete with the Dems but with the TP in their ranks it won't happen.

I'm not sure you've thought this through. How exactly do they "kick out the TP?" The Tea Party is a large portion of the republican base, and a very large portion of republican primary voters. They pretty much are the Republican Party at this point.

If some moderated did somehow manage to cause a big enough rift then what? That doesn't mean the GOP suddenly competes with the Dems. It means the opposite. If somehow the GOP split, then the Dems win hands down. At least for a while any way.

 

[StickSoldier]

Should I move countries yet?

 

[Riki]

I have never been a political person in my life, but for the first time I'm somewhat paying attention to politics and what's going on. That's due to the current state the US is in and has been in for the past few years. I am not a republican, democrat, independent. I actually have no idea where I stand on the political side. I'm trying to educate myself so that I can register and vote next election. I'm mostly interested in hearing how they plan on reducing the $17 trillion debt and getting that under control. However, I obviously still don't know a lot and have a lot to learn (for example, I don't have a clear understanding what the tea party really wants to do). I have read on them, but I just get confused and honestly I start getting bored and zoning out as I'm reading anything politics related. I guess it's because of the years and years of ignoring politics.

There is no plan. There can't be a plan. A country will always have debt. And that's not a bad thing. The debt is used to create jobs and help with services and make everyone's life better.
A country without debt is a country not doing anything to help its citizens.

 

[slit]

The Republicans don't dislike Obama because he's black. Can we kill that meme? They dislike him because he's a Democrat.

Oh no, there is a racial component at play. That doesn't mean that it applies to ALL the GOP but to act like it doesn't exist is foolish.

 

[Mercury Fred]

The Republicans don't dislike Obama because he's black. Can we kill that meme? They dislike him because he's a Democrat.

I'd say they dislike him because he's a Democrat but they hate him because he's black.

 

[BertramCooper]

Oh my God.

I feel sorry for the C-SPAN anchors who have to listen to these absolutely insane phone calls without showing an ounce of emotion.

 

[Protein]

meanwhile Obama stubbornly refused to be white.

his crimes include uppityness, thuggery, laziness and urbanism.

Don't forget the Choom Gang. Chalk up gang-related activity with a side of dangerous marijuana usage.

 

[Stinkles]

G

The Republicans don't dislike Obama because he's black. Can we kill that meme? They dislike him because he's a Democrat.

I didn't say Republican. And don't be naive. It's not a meme. More than half of your party thinks he's a foreign born Muslim.

denying racism as fuel for the base demonstrates an embarrassment of intellectual dishonesty.

 

[jmdajr]

Can someone explain to me in simple terms why the GOP don't just kick out the Tea Party from their ranks and tell them to fuck off. Short term damage for long term prosperity as the public realise what a bunch of crazies the TP really are without the slightly more palatable GOP veneer.

They desperately need to shift to the centre to compete with the Dems but with the TP in their ranks it won't happen.

People really need to vote on non-presidential election years. At the same time Dems need to do better work and get the people out.

 

[Ether_Snake]

The Republican party freaked out last night. He's not going to be speaker after 2014 anyway (even if the Republicans keep the house). I think we'll see a real third party candidate that represents the tea party in 2016. I hope there is a Tea Party political party that happens. Get those nuts out there and let the Republican party go after the majority of the country which is center-right.

How does that work? When you have multiple parties, this isn't what happens. I'm Canadian so I know

What happens is this:

1- Far from a win, the third party makes radical claims.
2- The top parties lose in popularity due to their bickering.
3- The fringe parties gain in popularity as a result, but then stagnate.
4- Fringe parties start to tilt in the opposite direction (left to right, or right to left) to get more votes.
5- Main parties try to please the fringe parties (right-wing spouts off left-wing ideas, and vice-versa).
6- Surprise upset win from a third party.
7- Can't distinguish anyone from anyone anymore, everything is gray, except for a few poster issues.

So if there is a third party, Republicans will be trying to win their votes by convincing them that their third party won't win anyway. Democrats will try to win the soft-right which will lead to the creation of a left-wing third party.

I prefer to see the crazy Tea Party screw the Republicans from within.

 

[zomgbbqftw]

Because the Tea Party has the money and power to destroy Republicans and replace them in their districts.
And they've been doing just that.

Then the GOP need to test that theory to destruction because right now they are unelectable among key demographics, such as single women, migrants, minorities, blue collar families and college graduates. Better to press the reset button and become electable over a 10 year period than basically give up the WH for a generation or longer.

The base is made up of Tea Party crazies, so if these people want to win the primary they'll have to shift hard right to survive. It's unsustainable, but they made this bed themselves.

Those are the people the GOP need to kick out tbh. They need yo start getting in new money and new backers from moderate backgrounds.

 

[Gannd]

Oh no, there is a racial component at play. That doesn't mean that it applies to ALL the GOP but to act like it doesn't exist is foolish.

Are the Democrats racists when some of them called Condie Rice a nigger? Or when prominent liberal columnists called Colin Powell a nigger? No. They disliked them because they are Republicans. The Tea Party LOVES Dr. Ben Carson and last time I checked....he's black.

There is a political component. The parties hate the other side and use whatever they can in that hate. If President Obama were a Republican they wouldn't be hating him because he's black but we'd hear from Democrats that he's a nigger because Democrats have done it in the past. JC Watts was called a nigger, too.

 

[TheOrangeKid007]

I already have, just in bonds/treasuries/etc., temporarily. Sold off around 1/3rd of my non-401k investments.

The usual rethoric of this being pointless on a long-term 401k strategy is dead-wrong, because if short-term movements are meaningless over the long term, then so are short-term rebalancing. Considering the markets haven't tank, it's a good time to move to safe assets if you want to. Waiting for a fall would be a bad time to do it.

Meanwhile, Guardian:

Alright...I figured moving to bonds for the short term wouldn't be too big of a mistake. Thanks

 

[BertramCooper]

denying racism as fuel for the base demonstrates an embarrassment of intellectual dishonesty.

C'mon, man. Be fair.

It's not like we've seen Confederate flags at Tea Party rallies or anything.

 

[WeAreStarStuff]

Oh my God.

I feel sorry for the C-SPAN anchors who have to listen to these absolutely insane phone calls without showing an ounce of emotion.

They are making me cringe...it's painful to listen to.