Skip to comments.Obama May Summon Lawmakers to Camp David (TARP-era end of world scare tactic rhetoric)
Posted on 07/14/2011 1:00:18 AM PDT by Recovering_Democrat
Bloomberg: link only! http://www.bloomberg.com/news/2011-07-14/obama-said-to-consider-camp-david-summit-this-weekend-for-deficit-talks.html
"Federal Reserve Chairman Ben S. Bernanke told the House Financial Services Committee yesterday that failure to raise the debt limit would lead to a huge financial calamity that could add to unemployment. Unless the debt ceiling is raised, he said, the economy could be in greater peril than when Lehman Brothers Holdings Inc. went bankrupt in September 2008."
I'll take fearmongering for $400, Alex.
Don’t go, Obamessiah just wants to USE you!!!
So, we have to go further into debt in order to keep from going bankrupt? Or are we going further into debt in order to keep from paying our debt?
I smell bill clinton.
There goes a herd of Wagyu cattle and a school of lobsters.
“So, we have to go further into debt in order to keep from going bankrupt? Or are we going further into debt in order to keep from paying our debt?”
+1 that is sig worthy, you captured my p.o.v. perfectly.
Someone please remind Obama that Congress is a co-equal branch of government.
He may extend an invitation but he has no authority to summon anyone anywhere.
You don’t walk out of a meeting and then “summon” the people you walked out on to another meeting. Boehner and the GOP in the House should tell Obozo “Hey, you walked out on us. You want to talk some more, we’ll open Room 6C in the House. Let us know when you get there and we’ll mosey on over when we get a few minutes.”
“he said, the economy ..”
Whose economy? The ones that shoved Vampire-Care down our throats perhaps?
And isn’t that the way you handle your finances? /s lol
“He may extend an invitation but he has no authority to summon anyone anywhere.”
Another pr. move “Camp David” to impress.
Let’s see if the Racketeers from both sides 1. show up, 2. try to make a big show out of this, like they did the conference for Vampire-Care. You know..”Working for the American people.”
You’ve got their number. If they show up then we know the fix is in.
This is another attempt to completely control the dispersal of information. He gets those two chumps up there and that will be the end, he wins.
MAKE HIM PUT HIS PROPOSALS IN THE PRESS, this shadow boxing he said this and they said that is BS. This is supposed to be an open government. Not only don’t we have budget hearings any more, we now have budget by fiat.
Told my wife today that if our business was broke and deeply indebt we just need to raise our debt limit and we’ll be OK.
She is not financial or political and just looked at me and said “WTF are you talking about. That makes no sense.”
Even those who pay no attention cannot wrap their heads around what the O-scamster is up to.
Gee, I thought the Obamas were allergic to Camp David! An already paid vacation retreat for the family hasn’t been good enough during this recession. I figured he would ‘summon’ them to an expensive hotel in France or something.
I’m a financial idiot. I pay my credit card bills in full each month. I should be maxing them all out and asking them for higher limits. Then max them out again. Rinse, repeat and before you know it I’ll be as rich as Bill Gates.
Tell him where to put [shove] his summons.
Makes perfect sense. It’s what our gubm’t does.
I was teaseing my wife after listening to talk radio in our warehouse. (she hates it) Music only in her world.
Tell him he didn't show enough respect. You know, "I can't remember the last time you invited me to your house for a cup of coffee, you never wanted my friendship, you were afraid to be in my debt ...", that sort of thing. That'll be enough to light his fuse for sure. Then they should just do what Newt suggested and ignore the guy.
I think I’d say, Pack Sand Azzwipe, grab a cold beer and go fishing. I’d get more done.
0bambi , accompanied by senior advisers (those elderly bald white geezers) at Camp David deciding on the menu:
Tails.....Lobster (no pun intended)
Giving ANY MORE money to these clowns is like giving the 16 year old a bottle of Jack Daniels and the keys to the Corvette.
Now that’s the kind of sarc I appreciate. : )
Congress raised the debt ceiling 78 times since 1917 (the year they gave themselves a no limit credit card.)
$14,000,000,000,000 trillion dollars later we can see this was not the best idea. 40 years later it is time to take the credit card away, even when it truly means defaulting on debt. Russia defaulted, and they are stronger than ever.
When you make an investment in a country or a company, you are taking a risk. For China, Japan, Saudi Arabia, who own plenty of US debt, that risk paid off for decades.
Arguably we went to war for Saudi Arabia, twice. Japan used to dump (below cost) products on the US for years to take market share from US companies. And China could buy the White House, rent it back to us and we can’t say a word cause we owe them trillions. This debt made us slaves.
Thank you for your summons to Camp David to discuss the Debt Ceiling, increased taxes, and budget cuts.
Unfortunately, there is a scheduling conflict. Speaker Boehner has to rearrange his sock drawer that day. Minority Leader McConnell has to clean his fish tank.
Meanwhile, Rep. Paul Ryan is actually working on a realistic budget with substantial up front cuts and without tax increases. He's actually doing useful work instead of bloviating about it.
When and if you ever get serious, let us know. If not, then go pound sand. We suggest you use your time at Camp David to play basket ball and golf and figure out a way to lose your war in Libya while avoiding the blame.
Have a nice day.
Never, Never, Never, Ever Give Up.
Then make a quick speech on how it isn't going to work and they will not give up on their principles and leave...
Then watch Obama stew in his juices....
( this is really funny if you remember his daddy's anti-colonial bent and "O" giving back the bust of Sir Winston...)
Camp David? What a waste of fuel and personnel...aren’t we trying to CUT spending? Get together at Boehner’s House for once...
Sorry Your Royal Fibber-in-Chief, we have work to do to cut your ability to spend!
I’m so sick of this...refuse. Why Camp David???? More cloistering, closed door, backroom deals? These aren’t peace talks...and 0bama is no statesman. This is just plain nuts. Put it on C-span or keep it in the Rotunda....no “offsites”.
I see why McConnell wanted to throw in the towel. Down article he mentioned his fear that Obama could win the PR effort and pin the economy ownership on the republicans.
Gee, thought he was taking the case to the American people, where he could see first hand the high unemployment, foreclosure and bankruptcy, the Democrat policy effect, wonder if McCain still thinks him or Hillary would make a good President?
B) If I HAD to go and put up with it, I for sure would bring my own food and water.
Camp David with Obama in a Bad Mood.
Yikes. What a weekend.
Spending at level of 25% of the GDP is just another sign of a big government overextending itself, like Gov Dayton, he is not prepared to deal with a shut down, but ultimately that’s where he is headed whether he wins tax increases or not.
The Joe Walsh “Quit Lying” thread. I like this guy.
“MAKE HIM PUT HIS PROPOSALS IN THE PRESS”
So true. Cantor focus should not have been that Barry walked out. It should have been on obama’s ridiculous offer of $2 billion in cuts in 2012. On a trillion dollar deficit! The republicans need to back off for a week and do nothing but attack Barry as unserious. No more Plan B’s, grahmensty blabbing about Afganistan, etc. One coordinated message from all Republicans that obama & Reid have no scorable budget proposal and are not negotiating in good faith.
We have to pin barry down now or he will just filibuster and run out the clock.
WTH have you guys been doing up there since 2008? Playing golf or basketball all day?
Really, I mean come on now. Where is the leadership?
Oh yeah...we need to eat our peas...
No now really, what is happening is the slow unwinding to the bottom. Soon, very soon...there is going to be the final abrupt stop. I figured about thirty days after they missed that funky payment a few weeks ago.
Those nice charts floating around showing incoming revenue and our ability to pay...well they're not real, they're just an abirition on the books for public eyes. Those entries are just as fake as the entries on the ledger of the Enron Empire. And every politician on the Hill knows it.
You see way back about 20 or so years ago, we went bankrupt as a country. Since then we've been living on borrowed money, borrowed time, and building the ponzi pyramid on the back of the US Dollar. All these debt negotiations? To a degree they are smoke and mirrors to hide from us or figure out how to hide from us this scheme. We've known for a longtime about the pyramid of Social Security, but what we failed to 'see' due to our own denial...is the pyramid must have a wide base.
In 2008, the housing crisis gave us a warning of worse things to come. We saw the next layer in the ponzi scheme being Fannie Mae and FreddiMac. And yet ...we still denied the truth unraveling before our very eyes.
The ponzi scheme and asset default covering began in earnest with stimulus, quantitative easing, and bail-outs. Now the stakeholders were told some of the money of the bail-outs was repaid. Yet, when the books were checked...billions was still outstanding. Much was written off on the sale of downgraded assets to foreign industrial complexes. In some cases we even legislated them billions of dollars in other deals that quietly slipped through congress, too take this stuff off our hands.
The election of 2010 brought 84 new members of congress to the Hill. Those new members got there and now know the depth of our country's negligence and abuse. I see they are written up in the media this morning...fingers pointing at them ...for they are demanding accountability. May we see them turn the tables and bring the looters of our nation's wealth and prosperity to an appropriate form of "social justice."
0bama wants to get the Republican leadership away from Paul Ryan and the Tea Party. He figures that if he can do so he will dazzle Cantor and Boehner with a lot of smoke and mirros. Boehner should only agree to go to Camp David if he can bring his entire leadership team and the Tea Party Caucus with him. That will probably cause 0bama to re-think the whole Camp David idea.
But what if Hussien walks out?
Clever strategy...complete isolation and insulation from the outside.
Republican lawmakers should refuse to go into his bunker.
Republicans would be stupid to show up to a location where they can be berated by the clown at length.
The House Repubs should respond by issuing a summons to the President to come to the floor of the House to discuss his points.
The time for decorum has been over for about 2 years.
Grow a pair, GOP.