Marx Brothers Debt-Ceiling Deal

You have to bring back Groucho to explain this one. In a classic scene, he and Chico negotiate a contract by tearing off items from long sheets of paper until they are down to a sliver each.

“If any of the parties to this agreement,” Groucho reads, “have been shown not to be in their right mind, this contract is automatically nullified. That’s in every contract—-it’s called a sanity clause.

“You can’t fool me,” Chico answers, tearing it up. “There is no sanity clause.”

As the President announces a deficit deal, and Congressional leaders try to sell it to their factions, all concerned are well past sanity into a cuckooland of compromises and contingencies that will leave almost everyone unhappy, with the possible exception of the financial markets and credit raters.

The Marx Brothers routine is from a 1935 movie, “A Night at the Opera,” which has another scene that foreshadowed the weekend leading to what President Obama announced tonight.

In a small cabin, the brothers keep ordering up all kinds of deliveries and services until the space is a writhing mass of bodies that finally explodes when someone opens the door.

In this Washington remake of the chaos, however, nobody is laughing…

MORE.

Author: ROBERT STEIN

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4 Comments

  1. Thanks, that was a great sequence and ageless.

  2. If only this bunch had a fraction of his wit.”

    Ain’t that the truth. These lawmakers are a sorry bunch.

  3. Naturally, he’s wrong about the credit ratings agencies.

    They’re expecting $4 trillion, not $1.2-2-4 trillion, in spending cuts, and

    S&P has been notably pointed in its criticisms. John Chambers, its head of sovereign ratings, said on a client conference call late last week that $4 trillion in cuts is just “a good start,” and it wants more to stabilize the U.S.’ annual budget deficit-to-GDP ratio, now at more than 9%. The International Monetary Fund has said that a healthy ratio here is 7.5%.

    http://www.foxbusiness.com/mar.....z1TnfHVE1J

    Don’t forget they have said numerous times that raising the debt ceiling alone wasn’t enough; they were going to review the budget plan and were likely to lower the credit rating if the plan is bad.

  4. And Harppo whistles at the tea party members that, (according to Dick Durban), are openly PRAYING for a default.

    PRAYING FOR A DEFAULT BUSINESS PEOPLE DID YOU HEAR THAT? YOUR BELOVED TEA PARTY WANTS YOU TO GO BANKRUPT AND ARE ASKING GOD TO MAKE IT SO!

    This whole thing is bizarre beyond belief.

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