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Bilifuduo (98.20)

This Goddamn Trillion-Dollar Game of Chicken

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July 23, 2011 – Comments (6)

Is it me or is the Republican and Democrat handling of this potential default crisis reminiscent of the brinksmanship tactics employed by the Soviet Union and the U.S. during the cold war?

6 Comments – Post Your Own

#1) On July 23, 2011 at 5:59 PM, devoish (98.66) wrote:

I'm sorry, but isn't this less the Dems and Repubs and more our new Tea Party in action?

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#2) On July 23, 2011 at 7:21 PM, chlyd (< 20) wrote:

 This is all on the Dem's and Repub's, the tea party was not elected. If they were, it would probably take longer to come to a resolution.

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#3) On July 24, 2011 at 6:39 PM, Mega (99.96) wrote:

the tea party was not elected

http://en.wikipedia.org/wiki/Tea_Party_Caucus

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#4) On July 25, 2011 at 12:33 PM, leohaas (32.01) wrote:

At least, the end result is not a nuclear demise of the whole world.

But yes, a game of chicken it is.

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#5) On July 25, 2011 at 3:17 PM, rofgile (99.31) wrote:

Bilifuduo:

 I too noticed the similarity.  I'm not playing - I sold 50% of all my holdings today to build a cash position.  I think this is going to be a volatile week.

 If its not, no big loss and I'll buy back in.

 -Rof 

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#6) On July 27, 2011 at 7:46 PM, TMFCrocoStimpy (95.59) wrote:

#4) On July 25, 2011 at 12:33 PM, leohaas (94.92) wrote:

At least, the end result is not a nuclear demise of the whole world.

But yes, a game of chicken it is.

 

leohaas, this is precisely why I'm concerned that the parties involved will fall into the abyss - they don't actually believe that failure is truly fatal, and therefore it can be considered an option.  That is the problem with the game of chicken - if you think you have the chance of survival, then sometimes you just grit your teeth and wait for the collision.

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