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Obama On Credit Downgrade: Problem Isn’t ‘Lack Of Policy’ But ‘Lack Of Political Will’

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President Obama addressed the weekend downgrade of US credit standing by S&P today from the White House, and focused on opportunities presented by the wake-up call. The president did not mention the Tea Party by name (which he never really does), but he did call out those who refused to put what’s best for the country ahead of party or ideology. Many inside the beltway, and elsewhere, see this as the Tea Party’s role in the recent debt crisis, which ostensibly led to the credit downgrade.

The President addressed the political inflexibility by first citing the “grand bargain” compromises with which he and Rep. John Boehner had agreed upon, adding “It’s not a lack of plans or policy that’s the problem here. its a lack of political will in Washington, it’s the insistence in drawing lines in the sand, a refusal to put what’s best for the country ahead of self interest, or party, or ideology. That’s what we need to change.”

Obama then mentioned two specific items for the “super committee” of 12 members of congress to consider for the November recommendation, namely a reconsideration of Medicare, and tax reform that would lead to a more “balanced” tax burden, or in other words, an end to the Bush Tax Cuts that has long been the suicide pill for all negotiations between the administration and the GOP to date.

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  • Anonymous

    This should be no surprise. S&P warned on three different times they’d downgrade if they didn’t see $4 trillion in cuts. The administration called their bluff and deserve what they got. There’s not even a penny in cuts. Reducing the rate in increased spending is a farce.

  • HowardNY

    The administration bargained in good faith, repeatedly calling for compromises that included both spending cuts and revenue increases. But a reasonable position that spread the pain around wasn’t good enough for the tea turds. They’re the ones who preferred to crash the entire economic system rather than give an inch.

  • Anonymous

    Fact: He just can’t get out of the community organizer role can he?

  • Anonymous

    Obama can not admit that his “fiscal policies” are at least part of the reason the US got downgraded.  It might help if Obama got out of “campaign mode” and starts to lead from the front of the pack rather than from behind where everyone else takes the hits instead of him.

  • labman57

    Right wing pundits and politicians are chomping at the bit in their desire to score political points over the credit downgrade by blaming the whole problem on Obama.  Hmmm. Let’s review:S&P wanted to see $4 trillion in debt reductions over ten years. They threatened to downgrade the federal credit rating if either the debt ceiling was not raised or the debt reduction plan was insufficient to meet this goal.Obama presented a plan to Boehner which provide $4 trillion in debt reductions over ten years, a plan which wasendorsed by the Senate (including many Senate Republicans).Boehner initially supported the plan, then abruptly walked away from the negotiation due to pressure from the tea partycontingent of the House, a minority group with an ”our way or the highway, never negotiate, never compromise”philosophy. They could not stomach the notion that the proposal contained tax revenue increases. They equate ”debt reductions” with ”spending cuts”, demonstrating their proclivity toward dogmatic rhetoric over reality.And so the proposal died, a far weaker proposal was quickly drafted, and S&P followed through on their threat. And here we are.So what part of this sequence of events suggests that Obama is primarily responsible for the resulting impact on the stock market?

  • Anonymous

    Well, over the next few weeks, we’re going to get to see The Emperor’s New Plan. Which I’ve been told repeatedly he already has ready.

    Which is weird, because there are two bills already passed by the House that would have avoided this.

  • Anonymous

    A reasonable plan that spreads the pain around would include entitlement reform.

  • Anonymous

    Fact: Come on get it right for once moron read the report then make you foot in mouth comments! S&P said that Entitlements where costing to much of GDP! Do you have any idea how much if you wanted to just do it on taxes alone how much each American would owe to get to 4 trillion dollars?

  • mojito

    The administration kept scaring everyone by saying we were going to default, if debt ceiling was not raised.  They never acknowledged that they could cut spending and still pay our loans with out the raise.  Trouble is that they convinced S & P that  we were possibly defaulting .  Idiots !!!!! They should have passed the House’s budget instead of Reid tabling it without a vote.  S & P said that would have prevented  a downgrade.

  • HowardNY

    And the White House signaled its willingness to tackle it — but only if there were tax hikes for the wealthiest, which is a totally responsible position.

  • http://pulse.yahoo.com/_WH3ZLMM7CUKUHUIMK4TKXW6SQE John

    So the excessive spending of George W. Bush created a backlash called the Tea Party.  The super excessive spending of Barack Obama caused this movement to grow so much that they got a handful of people elected to try and and stop it.  How the hell does the media try and blame the “Tea Party” for the fiscal irresponsibility of our last two Presidents?  There is just a complete disconnect between reality and the narrative that our media is trying to write.

  • Anonymous

    Obama presented a plan to Boehner which provide $4 trillion in debt
    reductions over ten years, a plan which wasendorsed by the Senate
    (including many Senate Republicans).

    Where is it? Let’s see it. Boehner says he hasn’t seen one. http://tinyurl.com/3py7jwe

  • Anonymous

    Fact: Tax tax and more tax tax tax never pay diddle squat in taxes themselves!

  • Anonymous

    It’s the town of Foy and we have Lieutenant Norman Dike is taking in the charge. 

    We’re all doomed!

  • Johnjguy

    I’d like to pay my respects to those lost in Afghanistan this weekend.

    I have always believed those Bush Tax Cuts would be allowed to come to end in the desire to try and get a balanced and more meaningful deficit reduction. 
    The self interested people on all sides won’t find much room to manoeuvre anymore, the population visibly want to see more action on jobs.

  • Michelle

    As he talked the stock market went down.  Coincidence?  I don’t think so.  Take responsibility for once, Buck Passer in Chief!

  • Anonymous

    And then Obama has the balls to complain about default being used as a bargaining chip. There would not be a default unless Obama told Turbo Tax not to pay the debt. He lies, and lies, and lies, and lies.

  • Anonymous

    and 8 months ago when democrats were in control of everything what happen?…..no tax hikes

  • SNAPTIE

    Dow down by 500 points. We call it the “Obama Open-Mouth Effect”. http://www.gifbin.com/bin/320sw0sw7847.gif

  • Anonymous

    The market voted by dropping another 150 points while BHO spoke. Political inflexibility. Yes, the unwillingness of Dems to stop run away spending and the explosion in the size of government. 
    This has always been about debt and spending, not about taxes. Obama wanted two things: enough of an increase to get past the election and possibility of considerable cuts in defense via the super committee. He got both of those so “mission accomplished”.Now, this is news to the NYT, MSNBC and the rest of the MSM but S&P has a bit more clout among investors that your Obama rooting section. Meaning…they don’t give a rats ass about your opinion…..you are wrong !Imagine if he had got a straight increase as some Democrats claimed he should have obtained.   Now if the Republicans has hung tougher and forced BHO into a two step deal- $ 500B short term increase and $ 4 Trillion long term one then perhaps the downgrade could have been avoided or at least delayed. Obama puts himself first and the country last.

  • unmutual

    It’s the lack of spending cuts, fiscal discipline and common sense.

    Obama is a down grade for the US.

  • Anonymous

    Fact: Combined compromised plan Numbnuts at 3% tax cut yearly with more spending at starting with 1.5 trillion and another trillion at least by December. Fiscal budget has a 7% annual increase that is a built in part of the math so that 3% cut from this year budget then another 7% increase next leaves what?

  • Anonymous

    Thanks Barry. When ya started taking, the Dow was down 400 – now it is down 535!

    heck of a job, Barry! BTW, gold hit a record 1710!Glen Beck rules!

  • Anonymous

    That’s weird, because there was none of that in Obama’s budget proposal. You know, the one that not even one Democrat would vote for.

  • unmutual

    Raising taxes in a recession (depression?) is the opposite of “totally responsible”.

  • http://twitter.com/LippyBroad lippybroad

    I trust Obama’s take on this. After all he got an ‘A’ in economics in college.

    Wait, I’m just spitballing here.

    RELEASE THE TRANSCRIPTS. 

  • Anonymous

    Let’s see here- who is president?

    Barry?

    Barry set a record- 1st downgrade in USA history

    And today? Gold set a record! 1st time it hit 1710!

  • Anonymous

    Come on Obama, the utopian dream is over. Resign.

  • Irish189

    Why is it so hard for politicians to realize that their personal political ideology does not match up 100% with reality? 

    EX: ignoring what the economic experts and CBO say about the economy just because the solution doesn’t fit your ideology should earn an expulsion from congress, course that may leave a handful of people left but would we honestly see a major difference one way or another?

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Had the president just come out and talked about solutions, about the commission reports, and the other things that he briefly mentioned in his speech and how he was going to lead congress to get these things done, I could probably have been able to say that for the first time in my life “I am proud of this president.”   But no, unfortunately the president choose to come out and lay blame at the feet of congress, in particular the republicans in the House, ignoring the fact that he himself had set aside the findings of the two commissions that he now says hold the answers for our way out of this predicament.
     
    I have an honest question for the liberals here, do you not see how weak of a leader this man is?  Why could he not see the value of these commissions before we arrived at this point?  Had this president fought for an agreement similar to those in the findings of Boyles/Simpson or the Gang of 6 four months ago he would have been able to reach that agreement…  Instead he choose to do nothing, to assume no position, and leave it up to a divided congress which he through his partisan politicking has only served to further divide..  I have observed leaders all my adult life, in and outside of business, this man is not a leader, but rather a follower who looks for the consensus and approval of his peers before committing to anything…  He has no vision; his vision was that of the extreme elements of his party, and his previous associations.  As President he has had to assume larger responsibilities and has realized that those visions are not practical for this country, but he does not have the strength of character or the knowledge to replace that vision with one of his own, nor does he have the foresight to lead, he is reactionary…  he does nothing until pushed to the point that he has to resulting in decisions and policies that are far less than they could have been and far less than what our country needs.
     
    Do you Democrats really want to see him back in 2013?

  • Dflojak

    Bullshit, as always. Obama has never argued in good faith, and kept making a deal then renegging. When the congress decides they will really cut waste, fraud and inappropriate entitlements, we’ll see tax reform that all can agree to.

    By the way, remember when republicans wanted to negotiate during the first year of Obama’s presidency. who was is that said “we won”. What goes around comes around, now it’s time to start fightring for  America and quit the political hack bullshit on both sides.

  • Anonymous

    Agendas forward! Consequences be damned!
    If anything, I heard more uncertainty for investors and employers and an advertisement for the ill conceived “super committee”.
    I didn’t hear anything positive at all in this speech to make me hopeful that our economic crisis is being taken seriously by Obama or the Democrats. I haven’t heard anything that helps from the Republicans either in the last couple of days.

  • Anonymous

    So I’ve heard. http://tinyurl.com/3eufqja

  • Michelle

    Barry’s hoping that come election day, we aren’t thinking about the economy.  Instead, he’s hoping we remember that he gave the OK to take out Bin Laden:

    Obama Movie Set to Be Released in October 2012

    http://townhall.com/tipsheet/helenwhalen%20cohen/2011/08/07/obama_movie_set_to_be_released_in_october_2012

    Not bloody likely!

  • Anonymous

    Wrong! Boehner said they had a deal for $800 billion in taxes and then Barry raised the taxes to $1.2 trillion.

    Geithner on FOX said 2 days later that while the taxes were on the table he didn’t think that the offer was a deal from the WH’s perspective. It was not a final offer.

    Barry turned down $800 billion in revenues!

  • Dflojak

    Pablo, don’t you remember the President’s plan. Boy you are a stupid righty. It’s right here thepresidentsplantoruinamerica.com . Check it out.

  • Anonymous

    Good faith ? BHO expected the Republicans to abandon their principals and just give him what he wants because he is such an incredible orator. Revenue increases are tax increases, but even taxing the rich and Oprah’s corporate jet only produced a minor effect in debt reduction.

  • Dflojak

    Please, there are lib’s listening, logic has no place here.

  • http://twitter.com/Good_Lt Good Lt.

    but he did call out those who refused to put what’s best for the country ahead of party or ideology.

    He called himself out?

    The Obamacrats might not want to hear this, but history will show that the entire Obama Administration was a downgrade for the United States – economically, militarily, politically and culturally.

  • Dflojak

    FFF, thank you. Please bring jimma catta back (just kidding).

  • Anonymous

    Who said this?

    “We have tried spending money. We are spending more than we have ever spent before and it does not work.”“I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises.”“I say after years of this Administration we have just as much unemployment as when we started. … And an enormous debt to boot!””

    Boehner?
    Bachmann?
    SP?
    Romney?

    Wrong. Wrong. Wrong. And wrong  again.

    The words are those of none other than Henry Morgenthau Jr. — close friend, lunch companion, loyal secretary of the Treasury to President Franklin D. Roosevelt — and key architect of FDR’s New Deal.

    The date: May 9, 1939. The setting: Morgenthau’s appearance in Washington before less influential Democrats on the House Ways and Means Committee.

  • Anonymous

    Don’t call my bluff, Eric! I’ll tell America to tweet at you!

  • Anonymous

    That link doesn’t work. This looks like the same plan: http://tinyurl.com/ykwa7nn

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    He had better not wait for the so called “Super Committee”  if he had any balls he would call congress back into session next week and tell Harry damn those trees of yours we have work to do!

  • Anonymous

    Those who made fun of Glenn are now seeing a lot of what he said come true! Glenn Beck rocks!!

  • Anonymous

    Barry acted STUPIDLY!

  • Anonymous

    Oh, and Barry, thanks for hiring Bowles & Simpson to spend all that time and money to come up with recommendations on how to handle this crisis and then COMPLETELY IGNORING EVERYTHING THEY SAID!

    Heck of a job, Barry!

  • Dflojak

    Joe Scarborough and Mika B talked about a trip they took to the capital last week during the debt limit meetings. He stated, and Mika would have lambasted him if he lied, that the congressional leaders they spoke with agreeed that Obama was in no way leading, and in fact was basically hiding from the problem. This on MSNBC. the other thing scarborough stated was that Obama was considered weak, and that it was a known fact that he doesn’t like conflict, abhors it. Is this the leader of the greatest nation on earth as described by his peers on the Hill? and that was from both parties.

  • Michelle

    Pablo, How dare you break the 11th commandment, Thou shalt not use a liberals own words against him.  Beyond low.

  • Anonymous

    We have a Triple A  rated country with a Triple F rated president!

    Barry do what ya always do in a crisis; GO ON VACATION!

  • Anonymous

    Weiner wanted GB investigated when Gold was 1200!

    He who laughs last….

  • Anonymous

    Let me be clear hear. This isn’t solely President Obama’s fault. The following are also to blame:

    Congress going back to the last 30 years
    George W. Bush
    Bill Clinton
    George Herbert Walker Bush
    Ronald Reagan

    For the last 30 yrs debt has risen exponentially. You can moan all you want about the Bush Tax cuts. They certainly exascerbated the problem. But they will not be the solution to this problem. The deficit is 1.5 trillion. Going back to old tax rates will bring in $80 billion at best. 

    Essentially congress passes the spending bills and they’ve knowingly agreed to pay out more benefits and create more programs than they knew could possibly be paid for by revenues. So it’s the politicians who’ve made promises they can’t keep and they need to make the cuts. We know they know won’t make the cuts though, as that would expose them for the liars they are. 

    This country has a spending and debt problem and people want more debt and more spending. These same people seemingly fail to understand basic math.

  • Anonymous

    The problem with Obama is he doesn’t know HOW to lead!! He is the Great Deceiver!!

  • Anonymous

    Ha- the lib Fascists always have an answer to their problems:

    Michael Moore to Obama: ‘Show some guts,’ arrest S&P head
    By Victor Morton, The Washington Times
    12:56 p.m., Monday, August 8, 2011
    Liberal firebrand Michael Moore called on President Obama to respond to the U.S. credit downgrade by arresting the leaders of the credit-ratings agencies.
    Read more: http://www.washingtontimes.com/news/2011/aug/8/michael-moore-obama-show-some-guts-arrest-sp-head/#ixzz1USx5cVPo

  • Anonymous

    Barry mentioned his billionaire shill Buffett who didn’t like the downgrade, eh?

    LOL

    August 8, 2011, 12:36 PM ETBerkshire, Other Insurers Get ‘Negative’ Tag from S&P

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Now is their any doubt that Moore is not a freakin hardline communist…  except of course when it comes to his own wealth that is.   He must think that he is in China.

  • SNAPTIE

    Who has raised the US federal spending budget by 35% in two years? Obama and Dems.Who has tripled the deficit? Obama and Dems. http://www.captainscomments.com/comment/812

  • Anonymous

    It shouldn’t be lost on people that whenever ObamAA+ speaks, the market dips another 200 points.

    ObamAA+ sabotaged bilateral negotiations with Speaker Boehner in which revenue increasing closures of tax loopholes were on the table, which probably would’ve been able to pass the house, insisting instead on half a trillion in new taxes to appease his base.  From that point on, he ceased to have an active role in debt ceiling negotiations and, as with many policy debates under his administration, stood on the sidelines to let others carry his water.  His stance was the one of intransigence.  He has no business to now point fingers.

  • Anonymous

    Spot on. One would think that in the wake of the 2010 election, Obama would have moved to the center and following the recommendations of the Boyles/Simpson committee would have been a great start. 
    Making tough decisions and going against your special interests for the good of the country show leadership. Obama has neither the inclanation nor skill to do this kind of compromise. 

  • Anonymous

    I’m in total agreement with you here SNAPTIE. But, let’s remember he’s ramped up a policy that has been accelerated by every president before him. Let’s not leave the other one’s off the hook. Obama takes the position that he was left holding the bag of bad policies, but has not only doubled down on them, but tripled as you mentioned. And this is where his arrogance has bit him in the ass with the S&P rating. People and by extension the markets aren’t being fooled any more.

    It would be wise for more people to listen what is being said by Ron and Rand Paul. And IMO Coburn had a great plan to cut $9 trillion out of the budget, while shutting down tax loopholes for big industries and simplifying the tax code.http://cedarcomm.com/~stevelm1/USDebt.png

    There will be pain in cuts, but it’s a necessary in order to correct the fiscal situation. We can either voluntarily do this and moderate the pain. Or the correction in the markets will be involuntary and violent. And by violent I mean huge market declines, before I’m accused of being a revolutionary anarchist. 

  • Anonymous

    Rush on Barry: “Debt Man Walking”

  • James R

    Problem is a POTUS and an Adminsitration that does not have the slightest idea of what the Hell they are
    doing!
    This Jug Eared fool is SO far over his head.
    He is going to run out of people and things to blame soon enough.
    The world is damn tired of that!!
    Dems and Repubs.  The problem is NEVER going to be solved until you get off your asses and start
    REFORMING SS, Medicare, and Taxes!
    Pissing in the wind, without addressing it!
    You heard it here!

     

  • http://pulse.yahoo.com/_ZIQS6YEA47QFXGOR4JWUBU2QRM Shark City

    He doesnt have balls. S&P took the last one last Friday!

  • Anonymous

    I can’t believe we don’t have AAA anymore.  Now we will have to pay for a tow. 

  • HowardNY

    Do you EVER think first before you vomit out these stupid posts? 

  • http://games-survival.com Justplaythegame

    It’s hard to admit fault…Instead, don’t blame the Democrats for making the proper cuts in spending and getting your house in order with the 4 trillion needed, blame the new crowd that echoes the entire worlds suggestions as to what to do. Super Congress to the rescue…yeah, I got faith in that plan too.. (where is that roll eyes button)

    Remember Barrackie… when you keep pointing that finger..there are always three more pointing back at you. How much could you have saved by sticking to your campaign pledge and get out of foreign wars. And how many more people would be alive today if you did so.

    So many wrongs..so little time..

  • Anonymous

    President Organizer is now , as Rush says , landslidable .

    This fool should forget raising money to save his job . Nobody wants him .

    He’s done enough damage .

    The next president will have an enormous mess to clear up .

  • Independent

    Right. Because cutting taxes was such a spur to the economy.

  • Anonymous

    The Dems gave tax cuts in the Recovery Act.  The Dems didn’t want to raise taxes in the middle of the recession.  In the Grand Bargain,  the Obama was going for tax reform that would have generated revenue. 

  • Anonymous

    Re-read Obama’s Budget.

  • Anonymous

    Stop the madness , Barry . Stop the waste . Set an example.

    Quit traveling . Quit wasting a fortune on yourself .

    Get rid of the czars . Get rid of a couple dozen of Moochy’s assistants . Nobody elected her .

    Give your boring speeches from the White House . You can flap your lips from there .

    No one believes you anymore . Even the most whacked out lefty nut knows better.

    Play golf and eat junk food till it’s time to go . Then go far away .

    Mr. Trumka will give you a job . Probably . You can still demagogue .

  • Anonymous

    Let us correct the language.  Tax rates  were not going  to be raised, but the tax code was going to be reformed.  By reforming the tax code, revenue would be generated.

  • http://twitter.com/RonCdeWeijze Ron C. de Weijze

    If anything is called “political”, you can be sure it is not what it seems. Political correctness is not incorrect. Political will is not unwillingness. It is just the tool in the mouth of powerful elites, to confuse the people who politically elected them. Yes I call it political because it never is what it is supposed to be.

  • Anonymous

    “Obama calls US AAA nation despite AA+ Rating”

    …too bad we’ve got an F- president.

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Hey Dems!  Help America hedge its bet on our future!  PRIMARY THIS PRESIDENT!

  • Anonymous

    According to the Washington Post, Pres. Obama did negotiate in good faith:

    “On Thursday, July 21, Obama’s senior advisers met at the White House with top aides to Boehner and Cantor. For two hours, they went line by line through the emerging agreement. It felt like they  were “very close” to the promised land, a senior administration official said.”

    “That afternoon, Obama called Boehner and gave him a choice: If you want aggressive entitlement cuts, I need more revenue. But if you can’t stomach extra revenue, we can dial back the entitlement cuts and still do something important.”

    “The call went well. .  .  .That evening, Obama met with Democratic leaders and told them to  prepare for tough cuts to Medicare and Medicaid.”

    “Twenty-four hours later, the deal was dead. …  Boehner walked away.”

    http://www.washingtonpost.com/business/economy/origins-of-the-debt-showdown/2011/08/03/gIQA9uqIzI_story_4.html

    Please share with me a link that cites President Obama saying “we won” in the context that you are referencing.

  • Anonymous

    Why don’t you just point out the entitlement reform proposal in it?

  • Anonymous

    Pres Obama never turned the $800 billion in revenues. He never took it off the table, even after Boehner walked out. 

    http://www.washingtonpost.com/business/economy/origins-of-the-debt-showdown/2011/08/03/gIQA9uqIzI_story_4.html

  • Anonymous

    President Obama negotiated in good faith, but the the GOP/Tea party become more intransigence: 

    “[After] Boehner walked away. . . . [The ]Administration officials now faced what they saw as a frightening possibility: That the controlling party in the House might be willing to “let the house burn down,” in the phrase bandied about at the White House — unless its demands were met.”    

    “Obama’s top advisers, surveying their options, decided to open some doors to compromising on their tax demands.  In their view, with flames licking the rafters, House Republicans were not just slamming doors shut. They were locking them.”

    http://www.washingtonpost.com/business/economy/origins-of-the-debt-showdown/2011/08/03/gIQA9uqIzI_story_4.html

  • Anonymous

    Read ”Origins of the debt showdown,”  it explains the framework of the  Grand Bargain.  On Thursday, July 21, Obama’s senior advisers met at the White House with top aides to Boehner and Cantor. For two hours, they went line by line through the emerging agreement.  It was never scored because Boehner walked out before the deal was completed.

    http://www.washingtonpost.com/business/economy/origins-of-the-debt-showdown/2011/08/03/gIQA9uqIzI_story_4.html

  • Anonymous

    The House is only one branch of the legislative process government.  The House gets one-third of the input. The Senate and the Executive branches also have a turn to have their say, too.

  • Anonymous

    He’s absolutely right. I just wish he would have called the Tea Party out by name. http://blogs.trb.com/news/opinion/chanlowe/blog/2011/08/chan_lowe_america_gets_downgra_1.html

  • Anonymous

    S& P saw what MSM and pundits couldn’t see or did not want to see.  They saw how racialized political ideology had come into fiscal policy and had limited the capacity for political parties to bridge differences; and there was no prospect that the racialized ideology was going to changed.  They saw were the GOP/Tea Partiers’s intransigence and obstructionism was driven more by race and politics.  They saw were the GOP/Tea Partiers was so consumed with destroying a black Democratic president until anything could be
    viewed as collateral damage in pursuit of their goal, including the national/global economy.  Over the past forty years, there have been divisions in the nation but none of the political factions ever threaten not to raise the debt ceiling.  For example, the Democrats did not use the debt ceiling to stop funding
    for the Vietnam War.  The full faith and credit of the United States government collapse was the water edge of political differences. S&P saw that since then, we had changed.  We were willing to use international fiscal policies to make domestic political gains, and this was going to become the standard political behavior of the future.  The GOPTP are willing to cut off their nose to spite their face, in order to destroy a black Democratic president.

  • Anonymous

    say no to drugs

  • Anonymous

    You have mis-information about the Obama-Boehner deal.   Speaker Boehner walked out on the deal.  President Obama never too the deal off the table.  President Obama did not sabotage the negotiations.  Please the following article in the WP:

    “Origins of the debt showdown”

    http://www.washingtonpost.com/business/economy/origins-of-the-debt-showdown/2011/08/03/gIQA9uqIzI_story.html

  • Anonymous

    That is not correct.  Some of Simpson-Bowles suggestions were in Obama’s Budget.  Simpson-Bowles also provided the framework for the Biden negotiations and the Gang of Six Plan.  Both of these plans president Obama embraced and used as framework in his negotiations with Boehner.

  • Anonymous

    Pres. Obama announced today that he was going to give his plan to the Commission of 12.

  • Anonymous

    This is a very good source– a former Republican Congressman,

  • Anonymous

    how about to the rest of us?

  • Anonymous

    Aspects of  Simpson/ Boyles were included in his budget.  President Obama  has shown that he willing not to cater to special interests for the good of the nation.  As President Obama  was in negotiation with Speaker Boehner over the Grand Bargain, he met with Democratic leaders and told them to be  prepare for tough cuts to Medicare and Medicaid

  • Anonymous

    lol the Messiah again blames someone else. No responsibility on this administration is allowed. 
    He is like a wimpy little child in the 2nd grade crying and screaming its someone else not him. 

  • Anonymous

    excellent article

  • Anonymous

    LoL!  Your  commentary reads like a parody of a Tokyo Rose spoof.

  • Anonymous

    If Obama and the Democrats thought those big tax hikes on the rich and a sky high debt ceiling raise were so important to a robust economy why didn’t they do it when they had super majority for almost 2 years? I wonder if the Democrats will actually pass a budget now. What are we at- 830 days and counting on a continuing resolution?

  • Anonymous

    He was fifty minutes late for his big speech; you would think in that 50 minutes his speech writers could ahve come up with something to put into that teleprompter besides “It’s their fault”.

    Honestly, this is the biggest baby evah in the WH, EVAH.  Jimmy is certainly smiling these days knowing that from hertoforward he will no longer be the worst.  The mantle has passed from Jimmah to Baroke. 

  • http://www.facebook.com/people/Arthur-Clark/100000610136790 Arthur Clark

    uneducated whiteman

  • Anonymous

    Pres. Obama needs to tell Congress men and women to tear-up all pledges.  There is only one
    pledge that members of Congress take, and that pledge is to the United States of America.

  • http://www.facebook.com/people/Arthur-Clark/100000610136790 Arthur Clark

    you can’t get of the bigiot role ?

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    The one that got 0 votes? Is that the one you are referring to?  You’re calling that POS a plan, something that not even one person in his own party would vote for?

    Obama’s has shown no leadership on this or any other issue since assuming his office…  If you want to point to the killing of Bin Laden let’s not act as if he actually was there, how hard was it to simply say yes to a mission planned by the best military minds in the world?  The hard work was done by the team of Navy Seals who actually executed the mission.

    It must be hard for you to face who Obama really is..  What had he ever done in his lifetime to prepare him for his office…  and given how he has performed in office how can you consider wanting him to lead your country into the future?  Primary him, at least the Dems can try to put a leader into office.

  • Anonymous

    I’m not at all mis-informed about the Obama-Boehner deal.  I didn’t assert that Boehner didn’t walk out, I maintained that Obama changed his negotiating position – sabotaging the deal – which caused Boehner to walk out.  That’s what happened.

    ObamAA+ could do this because he never put his “deal” in the public arena in a formal manner, so that the public could comment on or criticize it.  He negotiated behind the scenes, with vaguely defined positions, representing only his political interest. Foremost on the mind of political watchers was not whether the the deal would be substantial enough to forestall a downgrade, but whether it was pushed off past the election, simplifying re-election bids of those in Washington.

    http://thehill.com/homenews/administration/173101-white-house-before-boehner-walked-debt-deal-was-close-at-hand

    Inform yourself.

  • Anonymous

    The article  was a good read.  It  confirms that the deal was still in the works.  They were still negotiating.   It is not usual to negotiate behind close doors.  

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Say What!  I suppose that you believed him.

  • Anonymous

    Yes, the budget that did receive any votes; but he did submit a budget that included some aspects of the Simpson-Bowles Commission.  It was rejected by bot Democrats and Republicans, but it was put forward.

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Sounds good to me, but only if Obama tears up his pledge to Trumpka first!

  • http://games-survival.com Justplaythegame

    Something else I picked up in this “speech” from his hole-e-ness.. His campaign pledge on getting out of foreign wars.. did you notice he just said he will continue working with the Generals to get a afgan government setup and continue attacking? (have we not learned about puppet states yet?) I guess those dreams of getting out of foreign wars was also a Promise not kept. He can not work out a budget, he hugs lobbyist and he continues over spending in useless wars. .. What aleader and such a man of his word… Democrats.. you do know you can find another to run against him right?

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    First off grow up and leave the president’s race out of any argument, this argument is about failure of leadership and has nothing to do with the presiden’s race. 

    Secondly S&P has since the downgrade made it perfectly clear that the downgrade was caused by the enormous debt and the baseline projections for that debt into the future..  something that the Tea Party has been complaining about for 4 years!  I will allow that the current partisan fight in DC did not give S&P hope for a better resolution in the future but that is also a two way street, and nobody but nobody has been more partisan than the president himself…  He cannot create a toxic environment and then pretend that it does not exist when he needs compromise..  Life just does not work that way.

  • Jtmuir48

    Actually Maori,MORON!

  • Michelle

    (Daily Mail)
    — A mystery investor or hedge fund reportedly made a bet of almost
    $1billion at odds of 10/1 last month that the U.S. would lose its AAA
    credit rating.Now questions are being asked of whether the trader
    had inside information before placing the $850million bet in the
    futures market.There are mounting rumours that investor George
    Soros, 80, famously known as ‘the man who broke the Bank of England’,
    could be involved.He made more than $1billion on currency
    speculation when the British pound left the Exchange Rate Mechanism on
    Black Wednesday in 1992.The latest bet was made on July 21 on
    trades of 5,370 ten-year Treasury futures and 3,100 Treasury bond
    futures, reported ETF Daily News.Now the investor’s gamble seems
    to have paid off after Standard and Poor’s issued a credit rating
    downgrade from AAA to AA+ last Friday.Whoever it is stands to
    earn a 1,000 per cent return on their money, with the expectation that
    interest rates will be going up after the downgrade.I look forward to the corrupt liberal media absolutely ignoring this. 

  • gajack

    He then ate 50 egg rolls>

  • gajack

    He then ate 50 egg rolls>

  • Jtmuir48

    That’d be BIGOT,moron!

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    I see that was the budget that did raise taxes but only cut $1.1 trillion off of a baseline that would raise the Deficit by close to $13 trillion over the same ten year period..  Forgive me if I still sound like Tokyo Rose to you…  but the president has brought nothing to the table..  Honestly it is not his fault he himself has no ability to really get into the nuts and bolts of a budget and he only bought forth what his staff put together for him.  Look, I know that you are invested in this president, that you see possibilities in him, you are still hoping for the hope and change..   I however am not..  I have no faith in him and as time goes on he does little to convence me that my assessment of him is wrong.

  • Anonymous

    No surprise our incompetent community organizer refused to except ANY responsibility!!

  • Anonymous

    Racism is so insidious.  It is embedded in the landscape of our nation, and it is unconscionable not to explore the terrain to see how it is affecting the political discourse when there is a black president.

    On the day that Pres. Obama took the oath of office the toxic political environment was entrenched.  Then the GOP double down on polarization, on politics as warfare, and politics as a game.  The intransigence and obstructionism met President Obama at every turn —  key positions in the Treasury still have not been filled.  They have been held up by GOP Senators.  For Washington to work, the modus operandi of the GOP to destroy a presidency must be defeated.

    When the Dems took over the House in 2006,  Speaker Nancy Pelosi took impeachment off the table. She was not trying to destroy President Bush’s presidency.  She was their to govern and she took that responsibility seriously.  She just didn’t stand on the sidelines and throw bombs.

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Funny how that worked out..  Weiner did seem to get his investigation in the end, just not the one he was hoping for..

  • Anonymous

    Ya left out this: Bison!

    With Cantor in the room, Boehner laid out an ambitious plan to tame the debt that would include a rewrite of the tax code that would raise an additional $800 billion over 10 years — the equivalent of letting the Bush tax cuts expire for the nation’s top earners, a key Democratic demand.

    That afternoon, Obama called Boehner and gave him a choice: If you want aggressive entitlement cuts, I need more revenue. But if you can’t stomach extra revenue, we can dial back the entitlement cuts and still do something important.”

    Obama changed the deal!

  • Anonymous

    Obama is an idiot.

  • Anonymous

    Barry, it’s over and you caused it!

  • Anonymous

    Barry: “I just wanted to take some time today to say I had nothing to do with the debt crisis.  No, really, I had no role at all.”

  • Anonymous

    Why should I when you obviously don’t?

  • Anonymous

    Ahh, name one thing he implemented from Bowles-Simpson? Just one. What was that?

    crickets, crickets, crickets

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Race has nothing to do with it..  that is just a no starter..  it has to do with policy and philosophy nothing more or nothing less… 

    How did the president not expect to face strong opposition from conservatives, even before the election he had made claims that his energy policies with necessarily make the cost of home energy skyrocket, saying these things to the people of a country that is possibly the richest country in fossil fuels in the world, that has a deminishing economy…    He then passes a healthcare bill that many still consider to be unconstitutional, and will cost the economy hundreds of billions of dollars…  you don’t insure 30 to 40 million people for free..  beyond that there has been so much deciet through the whole process..  Look I am not saying that republicans are angels DC has plenty of corruption and lying to go around for both parties…  But this president brought an extremely agressive left agenda to Washington.  You are forgetting about his plans for cap and trade and the green economy that was to be financed by it.. 

    My perspective is very much different than yours and honestly I think that I have much better insight into the race issue and this president as I really disagree with the president on many issues I am one of those that your side would chose to call a racist!  I was very much opposed to many of the presidents early agenda items, he has moderated quite abit but still I do not see him as a leader who can lead our economy out of where it is today.  I can also tell you that I nor any of my conservative friends ever talk about the president’s race, nor do I consider his race when I am critical of his actions or policy…  It is just a non factor…  I respect his intelligence but consider him naive and not seasoned for the job he has taken on.  I first saw this president during his speech at the DNC in 2004 and was utterly blown away by his speech.  I respect him as a man, but have a deep disagreement with him on philosophies,policies, and his leadership which your side is even questioning now..there is nothing more than that.  Bringing race into a discussion about the president is a really bad idea..  Are there still racist in this country?  Yes, I am sure that there are, but for the most part they have been relagated to a non factor status in any national debate..  I would also suggest to you that there are racists of all flavors in this country… I would also suggest to you that those that say the presidents oppoents are racist should really take a look at their own bias.   However in terms of the national debate I do not think that race is a factor, at least not for the right.

  • Anonymous

    An old Army saying:
    The general is never late. He is busy somewhere else.

  • Anonymous

    Ezra Klein’s article provides a good synopsis of the
    Obama budget and how it incorporates tenets of Simpson-Bowless juxtaposition the
    Ryan Plan.  These are asserts from the piece:

     “President
    Obama says his plan cuts $4 trillion over 12 years. Rep. Paul Ryan says his
    plan cuts $4 trillion over 10 years. If you look at the numbers, the two plans
    appear quite similar. But if you look at how they’d get to the number, they
    couldn’t be more different. And it’s how you get to the number that matters,
    because that’s what decides whether you’ll get to the number. It’s also,
    incidentally,what 
    decides the shape of our government going forward.”

    “Obama’s budget is not philosophy. It is very
    similar to the Simpson-Bowles report, which attracted the votes of Republicans
    as far to the right as Tom Coburn. Few Democrats would say their vision of
    balancing the budget is one in which there was only one dollar of new taxes for
    every three dollars of spending cuts, but that’s what Obama’s proposal
    envisions. Obama’s budget, somewhat curiously, is what you’d expect at the end
    of a negotiation process, not the beginning. In fact, as it’s modeled off of
    Simpson-Bowles, it is the product of a negotiation
    process, as opposed to an opening bid. It is, in other words, policy. You could
    argue that this is a philosophy, and that philosophy is pragmatism, but I think
    that’s getting too cute. This is the sort of policy that night pass and might
    work.”

    “Ryan’s budget is purer, but it is also more
    fantastical. It posits the government it wishes were possible, and the policies
    it wishes would work. It is an opening bid so ideological that it leaves little
    room for a process of negotiation. Every dollar it purports to raise comes from
    cutting spending. Not one comes from taxes.. . .”

    “Then there are taxes. Ryan’s plan pledges to make
    the Bush tax cuts permanent, at a cost of at least $4 trillion over 10 years,
    and more after that. He’d then clean out the tax code, but he’d pump the money
    he made from closing expenditures back into tax cuts. Obama proposes to return
    to the Clinton-era tax rates on income over $250,000 and then raise a further
    trillion through closing tax expenditures . . . .” “It privatizes Medicare and
    unwinds the federal government’s role in Medicaid.”

    “Obama’s budget is policy, not philosophy” by Ezra
    Klein

    http://www.washingtonpost.com/blogs/ezra-klein/post/obamas-budget-is-policy-not-philosophy/2011/04/12/AFE1UQYD_blog.html

     

    You might prefer reading  the Americans for Tax Reform article Obama’s
    Simpson-Bowles/Gang of Six Plan.  The
    article often conflates the Obama’s Budget with Simpson-Bowles because there is
    so much overlap between the two plans.  The
    Americans for Tax Reform argued that Obama’s Budget contained the worst tax
    hikes the Simpson-Bowles.  For this reason,  it is not
    correct to say that the Obama Budget did not embrace anything from Simpson-Bowles.

     Top Ten Tax
    Hikes in Obama’s Simpson-Bowles/Gang of Six Plan

    http://markets.financialcontent.com/stocks/news/read/18161222/Top_Ten_Tax_Hikes_in_Obama's_Simpson

  • Anonymous
  • Anonymous

    Obama advisers said so!

    Where’s his plan?

  • Anonymous

    Obama advisers said so!

    Where’s his plan?

  • Anonymous

    I’ve got this nagging feeling that “Civil War, The Sequel” is brewing.

  • Anonymous

    Yes, and they’ve passed nothing but more debt and another committee.

  • Anonymous

    President Obama says his plan cuts $4 trillion over 12 years. Rep. Paul
    Ryan says his plan cuts $4 trillion over 10 years. If you look at the
    numbers, the two plans appear quite similar.

    I’d love to do that! Where can I find the numbers? Obama’s, that is. I can find Ryan’s.

  • Anonymous

    That’s really not S&P’s job. They’re supposed to look at the math, not the politics.

    God help me, I just agreed with Bob Beckel.

  • Anonymous

    Obama’s white half is a loser too.

  • Anonymous

    Once you say race is not a factor, I immediately become suspect.  Race always matter; it is at the cornerstone of our democracy.

  • fyonalon

    Fox news is THE threat to America’s National Security.  It’s there to increase the power of an Australian who doesn’t even pretend to be an American, and if it’s at the expense of the once greatest country in the world, well, there is always another country to plunder.  Wake up sane Americans, there is an African American in the wood-pile and it’s not the one you think.

  • Anonymous

    Its in the works– unless Boehner took it with him when he walked out.

  • Anonymous

    I agree.  But they looked at the politics anyway, and found our political climate chaotic.

  • Anonymous

    The President’s Budget for Fiscal Year 2012 http://www.whitehouse.gov/omb/budget/

  • Anonymous

    The Senate didn’t agree to incur any more debt, it just agreed to pay the debt the nation had already incurred.

  • Anonymous

    We are political junkies, but we are insignificant in the total population. We need to see the big political picture to make any predictions. It is not about what we each want when we post here, it is about what will happen.

    In politics, the perception is the reality, and we all got stuck in a
    lose-lose situation. “The masses” will not research the past to
    determine the exact date when the decline started, who was in the White
    House and who was in the congress, and how many Republican or Democrat
    votes were involved in key legislation last year, let alone decades ago.

    Only the events of the past couple of weeks matter to Joe Average, and
    Joe probably only remembers that the president and the TEA Party
    clashed. The president didn’t pick the fight, but the TEA Party did.
    They both came out losers, and that makes us all losers. The politicians and talking heads are trying to put the blame on Standard & Poor’s, but the public ain’t buying it.

    Here’s the twist. Politics IS local for every office but the presidency. Even if national support for the TEA Party tanks because of this, any TEA Party member currently in congress probably will stay. His/her district put him/her in and will continue to support him/her. No one else can affect that. (Maybe one of two such seats will be lost). Therefore, the TEA Party stays as a political force beyond 2012, but it does not grow in power in congress. the one clear TEA Party candidate for POTUS, Bachmann, will not win. That “job” is not local politics.

    The real danger, if there is one, is to the Republican side for having gone with the TEA Party. If a seat could swing back to Democrats, it probably will. It will not go from RINO to TEA Party.

    The POTUS is weakened, but with no “leftist” challenger, he probably will stay the POTUS. I told you why Bachmann can’t win, and the rest can’t win because they are not Bachmann enough. I give Obama 5:4 odds.

    Dems keep the Senate. Repubs lose at least six seats in the House.

    That is my prediction, and I tried to be as neutral as possible about it.

  • Anonymous

    We are political junkies, but we are insignificant in the total population. We need to see the big political picture to make any predictions. It is not about what we each want when we post here, it is about what will happen.

    In politics, the perception is the reality, and we all got stuck in a
    lose-lose situation. “The masses” will not research the past to
    determine the exact date when the decline started, who was in the White
    House and who was in the congress, and how many Republican or Democrat
    votes were involved in key legislation last year, let alone decades ago.

    Only the events of the past couple of weeks matter to Joe Average, and
    Joe probably only remembers that the president and the TEA Party
    clashed. The president didn’t pick the fight, but the TEA Party did.
    They both came out losers, and that makes us all losers. The politicians and talking heads are trying to put the blame on Standard & Poor’s, but the public ain’t buying it.

    Here’s the twist. Politics IS local for every office but the presidency. Even if national support for the TEA Party tanks because of this, any TEA Party member currently in congress probably will stay. His/her district put him/her in and will continue to support him/her. No one else can affect that. (Maybe one of two such seats will be lost). Therefore, the TEA Party stays as a political force beyond 2012, but it does not grow in power in congress. the one clear TEA Party candidate for POTUS, Bachmann, will not win. That “job” is not local politics.

    The real danger, if there is one, is to the Republican side for having gone with the TEA Party. If a seat could swing back to Democrats, it probably will. It will not go from RINO to TEA Party.

    The POTUS is weakened, but with no “leftist” challenger, he probably will stay the POTUS. I told you why Bachmann can’t win, and the rest can’t win because they are not Bachmann enough. I give Obama 5:4 odds.

    Dems keep the Senate. Repubs lose at least six seats in the House.

    That is my prediction, and I tried to be as neutral as possible about it.

  • Anonymous

    What is this Messiah thing coming from the right?

  • Anonymous

    S&P does not doubt the capability of paying the debt. S&P doubts the political willingness to pay the debt.

  • Anonymous

    We need to drop the race thing. IF it still matters to a very few, so be it No matter how far apart we may be in terms of left and right, 99.9% of us care about the political ideology far more than the race thing. Nobody seems to be changing their basic beliefs about government roles because of race.

  • Anonymous

    Tut tut… That’s only partly true.

  • Anonymous

    They mean PBO…

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    I find your thoughts interesting especially your comments about all politics being local, that is pretty true but we have in recent efforts seen attempts of national concerns to make them not so, as big labor has swept into local elections as well has well funded factions of the Tea Party such as the Tea Party Express which is not really representative of the Tea Party on the national level. 

    Having said those things I see the Tea Party actually gaining strength in the long run.  I do think that there will be some short-term backlash for the Tea Party coming out of the debt limit debate, but really nothing was resolved.  The problems that we were fighting about were again just tabled to be addressed in the future.  Now you have even democrats in DC sounding more and more like the Tea Party in that they are for the first time recognizing publicly that spending must be addressed.  This will resonate with the independents and moderates and they will remember that the Tea Party has been sounding the alarm while Washington appeared to be in denial. 

    I believe that this last fight has also had an effect on the Tea Party and they will come to realize that they must moderate their stance on revenues, just as you could not tax the rich enough to stablize the deficits, they will face the fact that you can not simply cut your way to a balanced budget, but it is clear that you can go much further than we have gone in this last debate.

    There are two things that I see out there in the political landscape.

    The first being that if the Tea Party wants to continue to appeal to the independents and moderates they will drop the no new taxes mantra and adopt a push for total tax reform that has been in the past very popular with many Tea Party members.  They will continue their smaller government and cut waste movement as the government is out of control..  They will pust issues like energy policies that will make more sense to more people as the economy grows even weaker and the global warming theory attracts even more credible scientific critics, which is happening at a rapid pace.  It makes no sense that we fund energy recovery all over the world while leaving our own resources in the ground.  

    Secondly the Tea Party finds it’s strength in what politicians and media elites choose to call the Flyover country..  The Democratics are very strong in our large urban cities,  without the minority support they would be almost a East Coast/West Coast party with a few other metropolitan areas thrown in..  There is a real disconnect with the Democratic party and large areas of this country… the Democratic message and agenda is not well recieved in these areas.  In these places the Tea Party will continue to gain strength…  The problems we currently face will only be exasperated with time as they have not at all been adequately addressed…  the Democratic party has shown a reluctance to deal with these problems as leadership has tried to not acknowledge them, while the Tea Party types have been all about addressing these issues. People will see this and as they come more and more to the forefront the Tea Party message will gain more not fewer voices.

  • Jayamerican1

    I’d say it is at least as good as the Washinton Post you keep quotomg from,

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Are you trying to say that Australians are African Americans?     BTW Fox Rocks!

  • Jayamerican1

    You forgot to credit the washinton post on this one… that great bastion of impartial jounalism

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Whatever, you would do well to just let it go…  life is better without it. 

  • Anonymous

    They are that much in awe of him? Strange people.

  • Anonymous

    Ya caught me. It does look more and more like an ambiguous political statement, not a financial one.
    If anything, they only made the political discord worse, which makes the chance of getting back to AAA worse, and on it goes. And on and on  and on.

  • Anonymous

    Not when the Stock Market is tanking and the business community is waiting for some assurance to calm investors. 

  • http://www.constitutionallibertarian.co.cc/ DavidKramer

    I called him the proverbial tailgater a few days ago, so that everyone else would take the first hits.

    I like your moxy bobby!

  • http://www.constitutionallibertarian.co.cc/ DavidKramer

    Could we get that in writing, the other day Obama promised to give me $4.6 Trillion to turn around the economy. Do not believe me? Ask me!

  • http://www.constitutionallibertarian.co.cc/ DavidKramer

    I still think the emperor’s plan is about as real as the Real Emperor’s clothes.

  • Anonymous

    And….crickets.

  • Anonymous

    Wrong. The “cuts” are from projected spending growth, which means they’re not cuts at all. If everything in this bill actually happens, which would be a miracle, we’ll still add $10 Trillion in debt over the next decade, assuming that the projections are right, which they never are. http://tinyurl.com/3rcl48q

    If we weren’t going to go into more debt, we wouldn’t need a $2.4 Trillion debt ceiling hike. Wake up. You’re being played. This is why we were downgraded, along with the hundreds of trillions in entitlement liabilities that are now starting to come due. No one is fixing this problem.

  • Anonymous

    That was shot down 97-0. That’s a dead duck. He says he has a new one. I keep hearing about a Grand Bargain, with spending cuts. Where’s that one? 

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Bison1 I read the article, I still have my doubts about the president’s budgets, based on the Ezra Klein article it seemed to me that the biggest thing that the president had in his budget is the Bush tax cuts expiring on those who earn over 250k…  at any rate neither he or Ryan have a perfect plan, maybe they can come up with something entirely better together.

    I appreciate your having a conversation without throwing alot of insults..  that is nice.  It’s going to be ok in the long run, this country has been through this before…  I think that no matter what happens, neither you or I will be completely satisfied with the results..  but as long as things start getting better we should both be happy… 

    take care.

  • Anonymous

    Yet politics do remain local, which negates all the money and often questionable behind the scenes strategies of outside interests trying to have influence. Each side finds what it thinks is down-right skullduggery on the other side. Everyone is aware of the charges, whether true or not, and becomes that much more set in the original opinion. In the end, neither the left nor the right can gain more than a little mental comfort from outside support, and we other outsiders who call foul are wasting our breath as well.

    As for Democrats as a party at the national level, they have been trying to maintain fiscal responsibility, and feel that they have been unfairly labeled. How often have you heard them called the “tax and spend” party? Note that they are the ones always talking about needing more revenues to do what they think must be done, even though that is not the popular thing to do.

    (I step away and will return)

  • Anonymous

    Yet politics do remain local, which negates all the money and often questionable behind the scenes strategies of outside interests trying to have influence. Each side finds what it thinks is down-right skullduggery on the other side. Everyone is aware of the charges, whether true or not, and becomes that much more set in the original opinion. In the end, neither the left nor the right can gain more than a little mental comfort from outside support, and we other outsiders who call foul are wasting our breath as well.

    As for Democrats as a party at the national level, they have been trying to maintain fiscal responsibility, and feel that they have been unfairly labeled. How often have you heard them called the “tax and spend” party? Note that they are the ones always talking about needing more revenues to do what they think must be done, even though that is not the popular thing to do.

    (I step away and will return)

  • Anonymous

    I’ve been thinking about this in simple terms lately to try and analogize it in a way that people can get their noodles wrapped around.

    I know it’s not possible to just frame it on an individual, but I really think it can be simplified by comparing it to a credit rating of someone who has borrowed up to their limit and the bank has said “the numbers make you a higher risk and the fact that your property (represents US bonds) is starting to lose value, it exacerbates the negative financial outlook.” The bottom line, you’ve borrowed right up the hilt and now your property has depreciated not to mention you took a salary cut, and inflation has driven up your costs. It’s not really your fault (home owner, business owner, American Government – take your pick for the analogy) but you’re going to have to get your numbers right again before we upgrade your rating.

    For a simplified version, what do you think?

  • Anonymous

    No, you do get it’s sarcastic, right?

  • Anonymous

    IMAGINE, the political landscape without the Tea Party?

  • Anonymous

    IMAGINE, the political landscape without the Tea Parties input?  

  • Anonymous

    IMAGINE, the political landscape, without the Tea Party?

  • Anonymous

    It might happen. But, it is far more likely that we will end up with the term Tea Party Republican just like we have the term Blue Dog Democrat. Both represent the furthest right element of their party, and while the Tea Party people like to think they are an independent third party, that doesn’t work for them any more than it does for Ron Paul to be an independent libertarian. He has to pick one party or the other to have a serious shot at the presidency.

  • Anonymous

    Input above.

  • Anonymous

    Good for Obama. Good negotiating technique. In the end, he only gave Boehner 98%, not 100%.

    Understand little girl? Grownups know how to play. You don’t.

  • Anonymous

    Even then. He’s the boss, and he decides when it will help or hurt for him to speak. If you think he has to answer to you over a thing like that, think again.

    Try a little respect for the office, if not the man.

  • Anonymous

    Because the original law set the deal. It promised that the reduction would last ten years, not eight. If the Dems had forced a change earlier, they would be reneging, and you would be all over them for that!

  • Anonymous

    @Benny__Hill:disqus I’m playing with them. I’m the sarcastic one this time.

  • Anonymous

    @Benny__Hill:disqus I follow that, and something like that happened to me in real life. I suddenly had one credit card too many for one bank’s comfort. They wanted to raise the rate on their card, so I paid it off and closed it out. If only our country could do that!

    However, I think this is a wilder scenario. A husband and wife argue about whether to get another card in front of a banker. Of course he decides for them and rejects the application.

    What say you?

  • Anonymous

    Very funny, but not helpful right here.

  • Anonymous

    Point(s) taken and considered. I asked the exact same question of FEDUP IN FLORIDA. The two of you engaged in a civil discourse, loosely, on the subject. I hope to get a paragraph, at least, from FEDUP. A “compare and contrast” if you will.

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    To give you a fair answer I will have to give it some thought…  If you come back to this post I will offer my opinion but as always my opinion and $3 will buy you a cup of coffee…

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    In my opinion….

    Without writing pages of what gave rise to the Tea Party movement, the simple answer is that without the Tea Party movement we would much further along with a socially progressive agenda and a much worsened economy than we have today.  The Tea Party returned the conservative voice to the Republican Party. 

    The Republican Party was no longer recognizable before the Tea Party came along, they were better defined as little more than a different flavor of the Democratic Party, look at the expansion and spending under George Bush, followed by McCain’s lack of conservative message during his campaign.   McCain’s largest support came from two factions, his perceived stronger position on national security, and the enthusiasm his running mate attracted to his campaign, but for his own policy positions there was little support, it was just more of the same.  I almost tossed my lunch the day that a survey arrived at my house asking me what the party values should be, if they no longer could recognize what it is they stand for then in my mind they stood for nothing. 

    The Tea Party has brought back the principles of smaller less intrusive government espoused by President Reagan to the national debate.  They have relentlessly questioned the scope and authority of government and its continued expansion.  They question the value and results of governmental intervention into our economy and into our lives, as well as the sustainability and processes that bring us an ever growing entitlement society and an ever more corrupted taxing authority. 

    Without the Tea Party it is highly questionable as to whether or not we would be having this debate at all, and our country would be looking more and more like a one party system..

  • Anonymous

    I completely agree. I have ‘concluded’ (I started using the word concluded, as opposed to opinion recently, as “concluded” implies deliberation and thought more than opinion? Just an idea.) Anyway, I would enjoy conversing with you and a few others in another context, but, this is all we got!

    I asked the same question to DEVILSPAWN. His answer is a bit less vitriolic than his usual rhetoric, The two of you seem to have had a calm conversation last night. A good thing. LOL Anyway, look for his Post and compare/contrast.

    I believe the Tea Party, of which I am a member, caught us on the waay down. The Tea Party is attempting to reinstitute the philosophy of the Founders, that too, is a good thing. I am stunned/saddened at the fear and loathing a plurality of American’s have for our nation’s History and foundation. A day or two ago I started reading about James Madison and within a few pages one can’t help but feel the vision and intellect within the man. So too with the rest of the Founders. Why have our children been taught to minimize, perhaps the greatest events in human history: The American Experiment?

    Purveyor

  • http://www.facebook.com/people/Bonnie-McGuinness/100002588403595 Bonnie McGuinness

    Obama needs to take his fair share of this colossal mess with the economy. Its his administration, poor excuses for his advisors, the contempt of GOP politicians for Obama, and mixing their hatred for him with causing the downfall of our economy. Never have I been so ashamed of the whole stinking mess. And let us not leave the Dems out, they have no substance or backbone.

  • http://www.facebook.com/people/Bonnie-McGuinness/100002588403595 Bonnie McGuinness

    Obama needs to take his fair share of this colossal mess with the economy. Its his administration, poor excuses for his advisors, the contempt of GOP politicians for Obama, and mixing their hatred for him with causing the downfall of our economy. Never have I been so ashamed of the whole stinking mess. And let us not leave the Dems out, they have no substance or backbone.

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    I have had a few good conversations with Devils Spawn and have found him consider my words and he/she has always been respectful in an earnest conversation…  I too can be quite quippy here and sometimes rude to those who offer little more than insults to one side or the other, but if somebody tries to engage in an honest exchange, I will respect that and I have found Devils Spawn willing to do the same.. 

  • caconservative

    Is anybody bothering to listen to Obimbo any more?

  • Anonymous

    What would you think of an annual Mediaite Convention? 3 to 5 days somewhere, might even accomplish something? Of course we’d need security and metal detectors. Maybe even separate lodging for various political affiliation?

  • http://twitter.com/cek100248 charles kirtley

    How about some specifics Barry?

  • Anonymous

    “He removes the greatest ornament of friendship, who takes away from it,” respect.  

    Cicero, Roman Jurist

    Obama has taken away his own respect.

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