iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,528 Blog Posts

BUDGET DEAL REACHED; FUTURE SING HIGHER

It appears the morons in Congress have agreed to not do much for Trump’s great big beautiful wall — only lending the President a morsel of money from which to play with. Instead of the pittance $5.7b he requested, which would pay for about 15 feet of wall, Congress might permit $1.4b to escape from their clutches.

Trump, naturally, will agree to these terms — because building a wall now is a stupid thing to do. He’d much rather drag it out for the 2020 campaigns, using it as a lightening rod to stoke up fanaticism in the trailer park neighborhoods of Pennsylvania and Ohio.

WASHINGTON (AP) — Congressional negotiators announced an agreement late Monday to prevent a government shutdown and finance construction of new barriers along the U.S.-Mexico border, overcoming a late-stage hang-up over immigration enforcement issues that had threatened to scuttle the talks.

Republicans were desperate to avoid another bruising shutdown. They tentatively agreed to far less money for President Donald Trump’s border wall than the White House’s $5.7 billion wish list, settling for a figure of about $1.4 billion, according to a senior congressional aide.

“We reached an agreement in principle between us on all the homeland security and the other six bills,” said Sen. Richard Shelby (R-Ala.).

On this news, Nasdaq futures are +24.

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13 comments

  1. chumpdaddy

    Sorry about your water problems. Gold futures holding so far, oil up a tad, Dow futures are up 155 as of 11 pm. Overnight futures pick up volume around 3pm (European trading) and often something tradeable happens, if I’m not too tired.

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  2. 'merica

    Did anyone really believe they were going to build the damn wall? It doesn’t make a lick of sense and solves _nothing_. But the blockhead scott walker wanted a northern wall to boot! I feel like we’re living out the movie spaceballs, surrounded by assholes.

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  3. gsofield

    The bullshit wall is less about protection and more about who gets paid. Who? Hint: someone already rich, who doesn’t need the money but just wants MOAR.

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  4. clock

    Dr. Fly says…
    “…building a wall now is a stupid thing to do. He’d much rather drag it out for the 2020 campaigns, using it as a lightening rod to stoke up fanaticism in the trailer park neighborhoods of Pennsylvania and Ohio.”

    Yea,
    I know what you mean Fly; I would go nuts if they built a fucking wall around my trailer park. 🙂

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  5. juice

    who needs walls! who needs doors!? who needs locks on their doors!? Everyone welcome into everyone else’s house! Ain’t life el grande!

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  6. the hungry dog

    You Fucking Bleeding Heart Liberals come down here to Texas and I will show you why we need a wall!??

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  7. edge

    They would stop coming if the Republicans would quit hiring them.

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    • acehood

      Lol exactly. America was and continues to be built on slave labor, either real or de facto.

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      • edge

        Evil genius those Republicans. They collect votes (and money) from one issue, from opposing groups.

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  8. rigged game

    Trump is the world’s WORST negotiator, EVER.
    He had a proposal with $1.6 billion for the wall 2
    months ago. He shuts down the government, negotiates,
    and now settles for $1.3 billion. And his moronic base
    cheers “great negotiator” and high fives.

    If I was a stupid Trumper I would suicide.

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  9. probucks

    Trump might just declare a National Emergency. i don’t see why he would/should take the political loss right before beginning the presidential reelection campaign

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  10. bronze28

    fuck the wall; this is what we players should be paying attention to; HUGE INFLOWS INTO STOCKS; BIGGEST IN A DECADE

    https://twitter.com/JLyonsFundMgmt/status/1095306963737554946

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