WRAPUP 10- Obama (Crybaby), Republicans clash in debt talks, dollar sinks

reuters ^ | 7/13/2011 | Jeff Mason and Andy Sullivan

[tobyhill]

U.S. President Barack Obama clashed with Republican lawmakers on Wednesday in a fierce White House meeting on deficit reduction that left a deal in question as the clock ticked toward a debt default.

"Enough's enough," Obama said, according to a Democratic official familiar with the talks.

The meeting came as Moody's Investors Service jolted Washington with a stark warning that the United States may lose its top credit rating in the coming weeks if the $14.3 trillion limit on America's borrowing was not raised.

The warning sent the U.S. dollar tumbling against most major currencies. Stock futures and debt prices also fell.

Eric Cantor, the No. 2 Republican leader in the House of Representatives, said the talks on Wednesday became so acrimonious that Obama walked out, but a Democratic aide called Cantor's account "overblown."

"He said he had sat here long enough. No other president, Ronald Reagan wouldn't sit here like this," Cantor told reporters.

[matthew fuller]

"prissy little faggot "

Classic. That will leave a mark.

[jwalburg]

He sounds like an ineffective parent, and I bet he’s used the “Don’t call my bluff” line on Malia and Sasha a time or two.

[jwalburg]

He sounds like an ineffective parent, and I bet he’s used the “Don’t call my bluff” line on Malia and Sasha a time or two.

[TBall]

To be fair if the democrats had approved the budget that Reagan wanted

[Malesherbes]

This is just the tip of the iceberg. BO is on the verge of a nervous breakdown.

[Rashputin]

"He sounds like an ineffective parent, and I bet he’s used the “Don’t call my bluff” line on Malia and Sasha a time or two."

That may be true, but at least he's keeping the family together so his kids aren't just living with Michelle and therefore have no feminine role model.

[hillarys cankles]

actually Reagan gave the dems their spending in exchange for funds to fight the cold war. Reagan saw the Russians as a clear and present danger. Much more so than heavy debt. The dems did not see the Russians as the threat Reagan saw them as.

[Mr. Peabody]

He usually inconvieneces people by showing up late and leaving early.

He's a dick.

[JLLH]

You took the words right out of my mouth! Every time I hear this man compare himself to the Great Communicator I just want to hurl. Cantor should have made that retort. It would have gone viral on youtube.

[DeoVindiceSicSemperTyrannis]

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[hinckley buzzard]

'Nuther public school graduate with half the story...

[newzjunkey]

The debt accrued in his time was nothing compared to today's circumstance. He wanted a balanced budget amendment and had to settle for Gramm-Rudman-Hollings as a means of controlling spending. Unfortunately the courts ruled the cuts formulas unconstitutional but sequestration actually worked for a time.

Don't pretend he wasn't concerned about debt.

We've had 20 years to reverse the trend and only accelerated. The debt is so far out of scale and scope now as to beyond comprehension. In the 80s we won the Cold War and got America back on its feet. What have we gotten for the debt piled up since? Nothing.

STOP FEEDING THE MORAL EQUIVALENCE LIE!