Stormy Monday, 10/14/13

StormyMondayCan Wall Street talk sense to Congressional Republicans? It’s a trick question, of course; nobody can talk sense to Congressional Republicans. Still, all eyes will be on the financial markets Monday as sluggish negotiations to reopen the government and avert a default continue.

After a weekend marked – make that marred by contrived freak show events, Debtpocalypse, a mere three days away, begins to seem almost appealing, like Snake Plissken triggering a global EMP at the end of Escape from LA. From the grubby spectacle at the World War II Memorial, featuring a joint appearance by Sarah Palin and Ted Cruz (picture two egos the size of Macy’s parade balloons vying for attention) to the farcical Truckers Ride for the Constitution protest (which caused less traffic disruption than the recent surprise lunchtime stroll to Taylor Gourmet by the President and Vice President) to the supremely offensive display of a Confederate flag outside the First Family’s residence, Republicans have spent most of the weekend scribbling new chapters in the history of American public service. Poorly.

If you’re curious about White House doings this week, a visit to whitehouse.gov won’t provide much information, but you will see this message:

Due to Congress’s failure to pass legislation to fund the government, the information on this web site may not be up to date. Some submissions may not be processed, and we may not be able to respond to your inquiries.

Undersecretary of State Wendy Sherman will head the US delegation as representatives of the US, France, Britain, Russia, China, Germany and Iran meet Tuesday and Wednesday in Geneva to discuss curtailment of Iran’s nuclear program as a quid pro quo for a limited reversal of sanctions. On Sunday, Iran refused to comply with a demand that it ship its uranium stockpiles abroad, a demand Deputy Foreign Minister Abbas Araqchi called “a red line.” While President Obama’s late September phone call with Hassan Rouhani, his Iranian counterpart, might not have signaled the new morning in relations between the two nations many had hoped, there’s still reason to remain hopeful. After all, House Republicans – as far as anyone knows – are not advising Iran’s leadership. Continue reading Stormy Monday, 10/14/13

Stormy Monday, 9/23/13

StormyMondayThe most compelling evidence yet for the non-existence of God was revealed earlier this month by Roll Call, which announced that Darrell Issa is now the richest member of Congress. Flush with his undeserved success, Issa flew to Libya yesterday, breaking an Oversight and Government Reform Committee rule he himself instituted that mandates all committee-sanctioned foreign junkets be bipartisan. While Issa frantically searches under every couch cushion in Benghazi for a smoking gun that will destroy the Obama Presidency, it sure would be a fine time to revoke his passport.

A government shutdown on October 1 remains a distinct possibility following last Friday’s passage by the House of a continuing resolution that would fund government operations through mid-December, but also defund Obamacare. Despite Ted Cruz huffing and puffing about a filibuster, the Senate will no doubt remove the provisions related to the Affordable Care Act and punt the bill back to the House, probably this week. What happens after that is anyone’s guess, but assuming the worst seems an increasingly safe bet.

The House resolution includes a “death gratuity” payable to the widow of Senator Frank Lautenberg in the sum of $174,000, a common though not automatic Congressional perk. If the gratuity makes it into a bicamerally-approved version of the resolution, I expect Mrs. Lautenberg will probably steer the money to some worthy cause or another. She certainly doesn’t need it; her late husband’s net worth has been estimated at $57 million.

Having botched the continuing resolution, the House might also hork up a debt ceiling bill this week, according to reptilian Majority Leader Eric Cantor. Cantor is on record as saying it will include a provision to “delay” the implementation of Obamacare for one year, and another to ensure completion of the Keystone XL pipeline. Plus a bunch more provisions to do other bad things. Continue reading Stormy Monday, 9/23/13