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Round two of 'bruising' debt talks underway after Obama stormed out warning GOP'don't call my bluff'
Daily Mail ^ | July 14, 2011 | Lee Moran

Posted on 07/14/2011 3:17:23 PM PDT by Scanian

Barack Obama is today preparing to re-enter talks with Republicans as the two sides battle to reach an agreement in the ongoing debt ceiling crisis. Fuming lawmakers pointed fingers at one another and Obama on Thursday as negotiations over raising the national debt limit entered a perilous endgame. Federal Reserve Chairman Ben Bernanke warned of economic damage, and an anxious Wall Street envisioned catastrophe if the U.S. defaulted on its obligations.

In the build up to today's meeting, Moody's ratings agency yesterday said that the U.S. could lose its top credit rating in coming weeks if a stand-off between the White House and congressional Republicans over raising the statutory borrowing limit is not resolved.

The announcement comes on the back of a warning from Kentucky Republican Mitch McConnell who told President Obama his party would not 'help him' solve the debt limit crisis. McConnell said: 'Don't expect any more cover from Republicans on it than you got on health care. None.' Senate Majority Leader Harry Reid stood on the Senate floor Thursday and sniped that House Majority Leader Eric Cantor shouldn't even be part of the talks anymore, noting that the Virginia Republican has been called 'childish.' Not long after, Senate Republican Leader Mitch McConnell stood to serve notice that the debt problem belonged squarely in Obama's lap. 'Republicans will not be reduced to being the tax collectors for the Obama economy,' McConnell said. 'Don't expect any more cover from Republicans on it than you got on health care. None.'

A 'tough' and 'testy' meeting yesterday got ugly quickly, according to sources who said Mr Cantor clashed with the President after repeatedly pushing for a short-term resolution to the crisis. According to Mr Cantor the President said: 'Eric, don't call my bluff,' before adding: 'Would Ronald Reagan be sitting here?

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: bluff; cantor; commodities; default; economy; geithner; manchild; mcconnell; socialismlocal

1 posted on 07/14/2011 3:17:33 PM PDT by Scanian
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To: Scanian
Photobucket
2 posted on 07/14/2011 3:20:49 PM PDT by Candor7 (Obama fascist info..http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html)
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To: Scanian

Remember that Republicans don’t have to make any deal at all. They’re weaseling around for ways to take more money from Uncle Samantha to their socialist, home locales.


3 posted on 07/14/2011 3:22:52 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: Scanian
Photobucket the President said: 'Eric, don't call my bluff,' before adding: 'Would Ronald Reagan be sitting here? No... Ronnie would have told you to sit your cry baby as$ down and act like a grown-up.
4 posted on 07/14/2011 3:23:09 PM PDT by baddog 219
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To: Scanian

Don’t call my bluff????

Did he really think about what he was saying? A bluff is something you don’t intend to do. So he’s saying don’t make me not do what I’m only pretending I will do.

In other words, don’t expose the fact that I’m only bluffing by calling my bluff.


5 posted on 07/14/2011 3:28:25 PM PDT by Brookhaven (Herman Cain knows computers, math, missiles, banking, burgers, pizza, gospel music, & Coca-Cola)
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To: Brookhaven

It may have Freudian meaning. But it’s more likely that Obozo simply committed another silly gaffe when he tried to function without the TOTUS.


6 posted on 07/14/2011 3:32:39 PM PDT by Scanian
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To: Brookhaven

Perhaps he misheard the suggestion his handlers gave him regarding issuing an admonishment and thought they said “admission”.

Twitter right now has an ongoing hashtag for #dontcallmybluff” that has some truly funny lines.


7 posted on 07/14/2011 3:35:23 PM PDT by ArmstedFragg (hoaxy dopey changey)
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To: Scanian
Of course the only consequences listed in this story are the same as the democrats are using as scare tactics.

No mention at all of what inevitably happens if the US continues down the spending path its on.

Thats not fiction, it's gonna happen as sure as h*ll.

8 posted on 07/14/2011 3:35:40 PM PDT by skeeter
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To: Brookhaven

You are right! No one (except maybe a doofus) would use the phrase, “Don’t call my bluff”. Lol.


9 posted on 07/14/2011 3:35:54 PM PDT by fhayek
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To: Scanian

I think I’ve got it now. Obama threw a hissy fit and stormed out which just goes to show how childish Cantor is. Right?


10 posted on 07/14/2011 3:38:23 PM PDT by JimSEA
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To: skeeter

S&P has promised to downgrade US credit if O’Bummer holds back Social Security payments.


11 posted on 07/14/2011 3:39:20 PM PDT by Scanian
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To: Scanian

Why aren’t the Republicans out there reassuring the seniors that the only way they will not receive their checks is if the Treasury - the Obama Administration - chooses not to send them?


12 posted on 07/14/2011 3:43:47 PM PDT by skeeter
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To: Brookhaven

What you are seeing is that he’s an empty suit. Without someone to write a script for him and put it up on a teleprompter, he’s lost. Like Rush said today, he’s a man-child. I believe we are seeing the beginning of the end for this Marxist POS!


13 posted on 07/14/2011 3:45:44 PM PDT by vette6387 (Enough Already!)
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To: vette6387

I just hope that the man-child doesn’t wee wee himself before he is made to eat his peas.


14 posted on 07/14/2011 3:48:07 PM PDT by fhayek
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To: Brookhaven

Soetoro meant don’t assume that I am bluffing but he has not had enough real man conversations and real negotiations with real men to know how to speak properly. His only male role models are Marxist professors and __


15 posted on 07/14/2011 3:54:17 PM PDT by omega4179
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To: omega4179
Bonzo;s problem is that he cannot make a decision. He cannot think things through, then say.” O.K/ here is what I think, and this is my reasoning for thinking this way/ He just cannot make a decision. All of the reports on the shooting of Osama Ben Laden say that Obama could not give the go ahead and it was finally approved by someone else.
16 posted on 07/14/2011 4:03:54 PM PDT by BooBoo1000 (The Mills of the Gods grind slow, but exceedingly fine.)
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To: familyop
Remember that Republicans don’t have to make any deal at all.

Yep. And I think 0Fraudo has never been here. Everything has always been given to him. He's lost.

17 posted on 07/14/2011 4:05:09 PM PDT by Principled
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To: Scanian

McConnell must have heard him. Figured he had Aces in the hole and folded his Pair of Kings.


18 posted on 07/14/2011 4:07:01 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: Scanian

Hint for the President: STOP BLUFFING!


19 posted on 07/14/2011 5:01:47 PM PDT by DesertSapper (God, Family, Country . . . . . . . . . . and dead terrorists!!!)
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To: BooBoo1000

I guess you can’t make tense negotiations when you don’t know what you stand for. It makes more sense to storm off like a B____.


20 posted on 07/14/2011 5:58:35 PM PDT by omega4179
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To: skeeter

I don’t know but S&P stated on Wednesday that they would deem the US in default if they held back the Social Security checks.

After all, that money was stolen, er, “borrowed” from the Trust Funds and replaced by congressional IOU’s.

So it is in fact “debt service” to send out SS payments.


21 posted on 07/15/2011 4:25:16 AM PDT by Scanian
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