Huh, I learned something new about McCarthy: "McCarthy helped Netflix develop its hit series House of Cards by allowing star Kevin Spacey to shadow him – though he says he’s not as ruthless, manipulative and murderous as Spacey’s character." (http://www.fox10tv.com/story/30151807/mccarthy#ixzz3nzmXLA7Q)
Maybe he has some long-term Frank-Underwood plan with his Benghazi gaffe--but for some reason I doubt it. It's kind of hilarious that he destroyed his chances at the Speakership by actually telling the truth.
Post by WanderingWinoZ on Oct 8, 2015 11:45:50 GMT -5
Wow
Is this the same guy that Rachel mad I was making fun of last night? The guy couldn't put hey cohesive sentence together without stumbling words worse than W
WASHINGTON — Representative Kevin McCarthy on Thursday abruptly took himself out of the race to succeed John A. Boehner as House speaker, apparently undone by the same forces that drove Mr. Boehner to resign.
Mr. McCarthy’s candidacy was damaged when he suggested in an interview on Fox News last week that the House committee investigating Benghazi had the political aim of damaging Hillary Rodham Clinton’s presidential campaign.
As shocked members left the room there was a sense of total disarray, with no clear path forward and no set date for a new vote. Representative Peter King, Republican of New York, said that in dropping out of race, Mr. McCarthy told the room, “I’m not the one to unify the party.”
A group of about 40 hard-line House conservatives announced Wednesday night that they would support Representative Daniel Webster of Florida, making it unclear whether Mr. McCarthy could assemble the 218 votes on the floor that he would need to be elected later this month.
Representative David Jolly, Republican of Florida, a member of the hard-line Freedom Caucus, which opposed Mr. McCarthy, was asked how the party could unify. “It’s going to take a hard family conversation,” he said.
My tv confirmed it. They're speculating that it's due to the "if anyone has any skeletons, bow out now" thing.
It had better not be chaffetz. I'm hard pressed to think of anyone that I'd prefer, because, well, GOP, but that guy is up there in the asshole olympics.
His comments about the Benghazi investigation did him in.
It's going to be like Lord of the Flies over in there now.
In fact, his dayum comments are why Hillz is getting some of my payday money.
Not like I didn't KNOW they were making this shit out to be more than what it was, but playa - you cop to that shit in an interview? Yup. Imma give her all my coins everytime she asks because y'all ain't shit. So to McCarthy -
My tv confirmed it. They're speculating that it's due to the "if anyone has any skeletons, bow out now" thing.
It had better not be chaffetz. I'm hard pressed to think of anyone that I'd prefer, because, well, GOP, but that guy is up there in the asshole olympics.
If the guy named Daniel Webster that I posted about above is the new Speaker, he'd BE a skeleton.
ETA: Oops, didn't realize I was still signed in as Bob.
Is this the same guy that Rachel mad I was making fun of last night? The guy couldn't put hey cohesive sentence together without stumbling words worse than W
I can't C&P my favorite because my app won't let me copy videos, but it reads something like, "A peak inside the room where House Republicans are meeting right now" and it shows a giant dumpster on fire.
Some Republicans have discussed the idea of an interim speaker — elected only to serve until the end of 2016. Such an interim would likely be a retiring member with at least some cross-party appeal, who could serve as a kind of caretaker while the party sorted out its internal differences.
So who's in? When was the vote supposed to happen? Why did they postpone if there are still candidates? Does no one have enough support?
Politico says neither Chaffetz nor Webster have the 218 votes they need to win.
There are 247 Republicans and 188 Democrats. I don't understand anything else beyond that. Like I don't know what happens if they hold a vote, only the Republicans participate, and they split like 147 to 100. I don't know if the 147 vote getter wins, of if they have to get 218 votes regardless of who shows up to vote. I don't know if the Democrats are even planning that, or if they were going to support one or more of the people.
Does anyone understand this stuff? Please to be explaining.
So who's in? When was the vote supposed to happen? Why did they postpone if there are still candidates? Does no one have enough support?
Politico says neither Chaffetz nor Webster have the 218 votes they need to win.
There are 247 Republicans and 188 Democrats. I don't understand anything else beyond that. Like I don't know what happens if they hold a vote, only the Republicans participate, and they split like 147 to 100. I don't know if the 147 vote getter wins, of if they have to get 218 votes regardless of who shows up to vote. I don't know if the Democrats are even planning that, or if they were going to support one or more of the people.
Does anyone understand this stuff? Please to be explaining.
But it's not just the Republicans who vote. Democrats vote for a Speaker, too. And they obviously are not going to vote for the Republicans. Since the Republicans' lead in the House is fairly narrow, they need to basically all vote in unison.
The House of Representatives elects the Speaker of the House on the first day of every new Congress and in the event of the death or resignation of an incumbent Speaker. The Clerk of the House of Representatives requests nominations: there are normally two, one from each major party (each party having previously met to decide on its nominee). The Clerk then calls the roll of the Representatives, each Representative indicating the surname of the candidate he or she is supporting. Representatives are not restricted to voting for one of the nominated candidates and may vote for any person, even for someone who is not a member of the House at all. They may also abstain by voting "present".[4]
Although no rule exists, based on tradition and practice from the earliest days of the nation, to be elected speaker a candidate must receive an absolute majority of all votes cast for individuals, i.e. excluding those who abstain. If no candidate wins such a majority, then the roll call is repeated until a speaker is elected. The last time repeated votes were required was in 1923, when the Speaker was elected on the ninth ballot.[4]
Chaos in the U.S. House of Representatives makes an already scary autumn even more uncertain for Wall Street with debt limit and shutdown fights looming and no one clearly in charge.
The surprise announcement that House Majority Leader Kevin McCarthy would not seek the speakership role, following a heavy challenge from the right, leaves the question of when and how the debt limit will be lifted even harder for Wall Street to figure out.
“We will not mince words — this is the political equivalent of a dumpster fire,” said Chris Krueger of Guggenheim Securities. “We are increasing our odds from 30 percent to 40 percent for some kind of accident that would keep Congress from raising the debt ceiling in time due to brinkmanship, procrastination, or political gridlock."
The Treasury Department has said it will run out of room under the debt limit on Nov. 5th. The nation faces a first in history default if the borrowing limit is not raised by then. Government funding runs out on Dec. 11th. Of the two issues, the debt limit is far more worrisome to investors and much more potentially damaging to an economy that is only growing around 2 percent and creating jobs at less than 200,000 per month during the last two months.
House Republicans have already begun suggesting the administration is playing politics with the debt limit deadline, increasing the risks of an ugly showdown. A near miss on the debt limit in 2011 led to a downgrade of U.S. debt for the first time, turned markets upside down and slowed down the economic recovery.
"I'm not at all sanguine about December fight," said David Kotok, chief investment officer at Cumberland Advisors. "Nothing centrist and benignly positive comes from such politics."
Wall Street overall reacted tepidly to the McCarthy news on Thursday, with markets little changed. That reflects a general belief that despite the chaos in Washington, both parties will ultimately find a path to raising the debt limit and keeping the government open.
[OOPS, FORGOT TO FINISH PASTING THE ARTICLE.]
“While it adds to the uncertainty, the assumption of most market participants currently is that this heightened political drama will not materially derail the US economy,” said Mohamed A. El-Erian of Allianz.
Some on Wall Street and in Washington see a potentially benign scenario emerging from the GOP leadership mess.
Under this scenario, the chaos on Capitol Hill — with no clear candidate at the moment who can unite the GOP — will give outgoing Speaker John Boehner a freer hand to cut a deal before he leaves that would both raise the debt limit and fund the government into next year.
Boehner said on Thursday that he would stay on as speaker until a new one has been elected. He had previously said he would leave Congress at the end of this month, just days before the debt ceiling would be hit.
“I actually think this is good for debt ceiling,” said Jason Rosenstock of Thorn Run Partners. “The chaos is being caused by the Freedom Caucus and while they are also opposed to raising the debt ceiling I think [Thursday’s] activity will reinforce those who want to have Boehner raise the debt ceiling before he leaves.”
But still others fear that the fight to be the next speaker will embolden conservatives to battle any effort by Boehner to cut a deal with the White House and congressional Democrats on raising the debt limit or funding the government. The White House has also signaled it will take a hard line and not negotiate with Republicans on raising the debt limit.
The economy could also be dealing with the first interest rate hike in a decade this December, raising the risks that Washington drama could deliver a serious blow to a soft economy. The global economy is also slowing, particularly in China, making it an even more precarious moment.
“This is the third — and final — debt ceiling crisis of the Obama Administration,” said Krueger. And many investors are skeptical of another ‘boy cries wolf' saga. We understand and can sympathize but would remind all that in the book the wolf eats the boy.”
Politico says neither Chaffetz nor Webster have the 218 votes they need to win.
There are 247 Republicans and 188 Democrats. I don't understand anything else beyond that. Like I don't know what happens if they hold a vote, only the Republicans participate, and they split like 147 to 100. I don't know if the 147 vote getter wins, of if they have to get 218 votes regardless of who shows up to vote. I don't know if the Democrats are even planning that, or if they were going to support one or more of the people.
Does anyone understand this stuff? Please to be explaining.
But it's not just the Republicans who vote. Democrats vote for a Speaker, too. And they obviously are not going to vote for the Republicans. Since the Republicans' lead in the House is fairly narrow, they need to basically all vote in unison.
The House of Representatives elects the Speaker of the House on the first day of every new Congress and in the event of the death or resignation of an incumbent Speaker. The Clerk of the House of Representatives requests nominations: there are normally two, one from each major party (each party having previously met to decide on its nominee). The Clerk then calls the roll of the Representatives, each Representative indicating the surname of the candidate he or she is supporting. Representatives are not restricted to voting for one of the nominated candidates and may vote for any person, even for someone who is not a member of the House at all. They may also abstain by voting "present".[4]
Although no rule exists, based on tradition and practice from the earliest days of the nation, to be elected speaker a candidate must receive an absolute majority of all votes cast for individuals, i.e. excluding those who abstain. If no candidate wins such a majority, then the roll call is repeated until a speaker is elected. The last time repeated votes were required was in 1923, when the Speaker was elected on the ninth ballot.[4]
I knew the democrats voted, I just didn't realize they were putting up someone too. That makes more sense. I couldn't figure out what would happen if they just refused to vote at all.
But it's not just the Republicans who vote. Democrats vote for a Speaker, too. And they obviously are not going to vote for the Republicans. Since the Republicans' lead in the House is fairly narrow, they need to basically all vote in unison.
The House of Representatives elects the Speaker of the House on the first day of every new Congress and in the event of the death or resignation of an incumbent Speaker. The Clerk of the House of Representatives requests nominations: there are normally two, one from each major party (each party having previously met to decide on its nominee). The Clerk then calls the roll of the Representatives, each Representative indicating the surname of the candidate he or she is supporting. Representatives are not restricted to voting for one of the nominated candidates and may vote for any person, even for someone who is not a member of the House at all. They may also abstain by voting "present".[4]
Although no rule exists, based on tradition and practice from the earliest days of the nation, to be elected speaker a candidate must receive an absolute majority of all votes cast for individuals, i.e. excluding those who abstain. If no candidate wins such a majority, then the roll call is repeated until a speaker is elected. The last time repeated votes were required was in 1923, when the Speaker was elected on the ninth ballot.[4]
I knew the democrats voted, I just didn't realize they were putting up someone too. That makes more sense. I couldn't figure out what would happen if they just refused to vote at all.
Well, I guess since there is the tradition that to get the speakership, you must get a majority of votes, including those who abstain, they could just all abstain. But I would think it would be smarter to put someone up, given the uncertainty on the other side of the aisle.