Passage of bill to avoid "cliff" should bolster Wall Street

[No Elephants]

http://www.reuters.com/article/2013/01/02/us-usa-fiscal-markets-idUSBRE90102720130102

If true, then Wall Street is an ass.*

When did "good reason to invest in a company" change from "that company is very likely to turn a profit" to "After months of kabuki, Congress passed a bill that does next to nothing to make this lousy economy sounder?"



Does unbelievable mugging for the camera by legislators like this encourage sophisticated investors to part with their dollars?



Steny Hoyer (may not be his exact words, but is definitely the gist of what he said on the floor of Congress):

And as we travel the country, people beg us not to go over the cliff. They don't know exactly what "going over the clifrf" means, but they instinctively feel it is something bad.

Instinctively, my ass.

The White House, every member of Congress and media have all done their best for months to terrify people about going over the kabuki cliff.

By the way, Mr. Hoyer, when was the last time Congress voted on the basis of what constituents feared, without even a clue as to why they feared it? And wouldn't legislators who acted on superstititious fears like that be terribly irresponsible?

In fact, did anyone even actually beg any of you not to go over the cliff? Because, when you said that, I saw your lips moving and that is usually how I tell a politician is lying.

* "That is no excuse," replied Mr. Brownlow. "You were present on the occasion of the destruction of these trinkets, and indeed are the more guilty of the two, in the eye of the law; for the law supposes that your wife acts under your direction."

"If the law supposes that," said Mr. Bumble, squeezing his hat emphatically in both hands, "the law is a ass- a idiot.

Oliver Twist, Charles Dickens

[Enthusiast]

1. Yeah, they instinctively feel it is something bad, lol.

Like you say, all we hear is how deadly serious this fiscal cliff issue is.

And we are at "war" in Afghanistan. To what end? I feel instinctively that something is bad, alright. We should be at war here with Wall Street criminality.

[No Elephants]

2. We've been at war with Wall Street forever. Spoiler alert: We've been losing all along.