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Obama’s failed debt ceiling gamble
The Financial Times ^ | 10 July 2011 | By Clive Crook

Posted on 07/10/2011 3:09:25 PM PDT by Errant

Please respect FT.com's ts&cs and copyright policy which allow you to: share links; copy content for personal use; & redistribute limited extracts. Email ftsales.support@ft.com to buy additional rights or use this link to reference the article - http://www.ft.com/cms/s/0/6ce92636-ab1a-11e0-b4d8-00144feabdc0.html#ixzz1Rk3Rq0vt

Amid disturbing signs that the US recovery has stalled, President Barack Obama took a huge gamble in his approach to the debt-ceiling talks last week. Believing he had an understanding with John Boehner, leader of the Republicans in the House of Representatives, he declared he wanted a $4,000bn “grand bargain” on the budget. Barely a day later, Mr Boehner said the deal was off. By Sunday evening, with talks about to resume at the White House, the president’s gambit appeared to have failed.

(Excerpt) Read more at ft.com ...


TOPICS: Constitution/Conservatism; Culture/Society; Government; News/Current Events
KEYWORDS: 57states; boehner; deal; debtdeal; deficit; economy; trollsonfr
Interesting analysis worth reading.
1 posted on 07/10/2011 3:09:30 PM PDT by Errant
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To: Errant

Never say never......Boner is in charge.


2 posted on 07/10/2011 3:14:35 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Errant

It ain’t over ‘til the weepy drunk blubbers.


3 posted on 07/10/2011 3:16:15 PM PDT by RegulatorCountry
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To: Errant

“Shovel-ready” Stimulus?

Cash for Clunkers?

$278,000 from the taxpayers for every job he claims to have created or saved?

1,400+ waivers to ObamaCare?

All of the president’s gambits appeared to have failed.


4 posted on 07/10/2011 3:16:33 PM PDT by flowerplough (Bammy: It frustrates me when people talk about government jobs as if somehow those are worth less.)
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To: Errant

Can’t read the article without paying a fee. Can you tell us what it says?


5 posted on 07/10/2011 3:17:06 PM PDT by JohnEBoy
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To: JohnEBoy

With this nobama idiot everything is “urgent” or a “crisis”. It is about time someone calls this fool’s bluff. nobama is a Free America hating freak (note: I’m trying to stick with his “new tone” recommendation here).


6 posted on 07/10/2011 3:23:11 PM PDT by hal ogen ( of Rights.)
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To: Errant
Clive Crook, what an appropriate name for this writer who made clear stealing other peoples money is his belief.

Writing little gems like;

With no shred of intellectual justification, and controlling just one house of Congress, the Republicans say, “No tax increases, ever”

There is a mountain of intellectual justification in the fact we are TAXED ENOUGH ALREADY.

and

Mr Boehner’s House Republicans tell their leader they will settle for nothing less than unconditional surrender. The modest revenue increases envisaged by Mr Obama are still too much.

That's right to thieving Democrats tax increases are always just modest proposals.

Pfft.

Nothing here but the rambling failed thoughts of a crook.

7 posted on 07/10/2011 3:27:42 PM PDT by A message
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To: Errant

Elections have consequences. Where did I hear that before?


8 posted on 07/10/2011 3:29:26 PM PDT by Galactica
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To: JohnEBoy
Sorry, they do not allow posting of complete articles. The link was from Drudge's website but now it takes you to a register page. FWIW, you can register and get access for up to 10 articles daily for free if you're so inclined. My bad ...
9 posted on 07/10/2011 3:29:29 PM PDT by Errant
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To: Errant

Actually this will be good for the GOP and bad for bam a. They are fuming at du over his cuts to entitlements and if a deal fails, boehner gets to walk away, yet Obama base still livid with him for offering cuts to benes.


10 posted on 07/10/2011 3:29:43 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who wonÂ’t leave.)
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To: A message
Nothing here but the rambling failed thoughts of a crook.

Well he seemed to believe that Obama screwed the pooch and whatever his scheme was, it backfired.

11 posted on 07/10/2011 3:35:12 PM PDT by Errant
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To: GlockThe Vote

That’s the impression I got out of it as well. Hope he is right ...


12 posted on 07/10/2011 3:36:53 PM PDT by Errant
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To: Errant

Go check out DU. Complete meltdown.


13 posted on 07/10/2011 3:41:53 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who wonÂ’t leave.)
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To: GlockThe Vote

LOL, Thanks... glad to hear it!


14 posted on 07/10/2011 3:44:57 PM PDT by Errant
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To: GlockThe Vote

Sorry.... can’t. Already had my shower today.


15 posted on 07/10/2011 3:48:22 PM PDT by clee1 (We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
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To: A message
Clive Crook ---writing little gems like;
"With no shred of intellectual justification, and controlling just one house of Congress, the Republicans say, “No tax increases, ever.”

A real or pretend moron.
The MSM seems full of them.

Clive, this may come as a shock to you, but ONLY one house of congress is all that's needed to make forever real. The House of Representatives, where all spending Bills must originate.

There is one wrinkle. The Senate can gut a bill that has gone through reconciliation, change the contents entirely and (illegally) forward it to the president.
But regardless of what Reid and Pelosi believe, that is never going to work again.

16 posted on 07/10/2011 3:54:21 PM PDT by Publius6961 (My world was lovely, until it was taken over by parasites.)
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To: A message
Clive Crook, like Kauthammer, was dazzled with Obama in 2008 before he election. Just another phony elite who looks down their nose at Conservatives as nothing more than uneducated hillbillies.
17 posted on 07/10/2011 3:55:42 PM PDT by Obadiah (If you don't believe you can win, there is no point in getting out of bed at the end of the day.)
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To: Errant

Please respect FT.com’s ts&cs and copyright policy which allow you to: share links; copy content for personal use; & redistribute limited extracts. Email ftsales.support@ft.com to buy additional rights or use this link to reference the article - http://www.ft.com/cms/s/0/6ce92636-ab1a-11e0-b4d8-00144feabdc0.html#ixzz1Rk3Rq0vt


18 posted on 07/10/2011 3:57:28 PM PDT by Rudder (The Main Stream Media is Our Enemy---get used to it.)
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To: Rudder

Worked ONE time... lol I’m not sure what they’re using... Probably a cookie that allows just a one time access?


19 posted on 07/10/2011 4:00:20 PM PDT by Errant
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To: Errant
It may be interesting reading, but given the slant starting in

Believing he had an understanding with John Boehner,...

I'm not wasting my click. I'll respect their TOS and content so much that I'll take a pass on reading a piece that starts out with such blatant bias.

20 posted on 07/10/2011 4:03:21 PM PDT by FourPeas ("Maladjusted and wigging out is no way to go through life, son." -hg)
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To: Errant

Worth reading, perhaps, but not worth signing up for.


21 posted on 07/10/2011 4:04:27 PM PDT by newzjunkey ("cave" it's not just a hole in the hillside)
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To: Errant
Alternate title: "President Obama Makes a FOOL Out of David Brooks."

Remember, Brooks last week was claiming that the deal being offered by Obama only required a few tax increases. Instead Obama offered over a trillion bucks in increased taxes. Will be interesting to see how Brooks rationalizes his way out of this latest development.

22 posted on 07/10/2011 5:56:41 PM PDT by PJ-Comix (FREE gas via coupons is my dream)
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To: PJ-Comix
For sure.

Geithner says hard times to continue for many (Til your gone)

http://www.freerepublic.com/focus/news/2746527/posts?page=43#43

Your thoughts?

23 posted on 07/10/2011 6:11:12 PM PDT by Errant
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To: hal ogen

Urgent and end of civilization as we know it is what got us TARP and all the other crap.

Scare tactics, nothing more... gee what news to most of us on FR.

I wonder how many of the sheeple are still buying his shinola?


24 posted on 07/10/2011 9:37:25 PM PDT by Sequoyah101 (Half the people are below average.)
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