Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

The President Is Actually Trying to Talk the Markets Into a Panic.
Commentary Magazine ^ | July 22, 2011 | John Podhoretz

Posted on 07/23/2011 3:45:55 PM PDT by Beaten Valve

An enraged Barack Obama just took to the nation’s airwaves to announce his effort to strike a deal with Republican Speaker of the House John Boehner has fallen apart. Perhaps for the first time in American history, this president is literally using this press conference to create a financial panic over the weekend about the opening of the markets on Monday. He is warning of disaster on Monday. Clearly, he wants to use this as leverage to frighten the GOP into passing the plan proposed by Senate Minority Leader Mitch McConnell, which will push the debt ceiling problem into 2013, but it’s still an entirely new and astonishingly reckless gambit.

Watching the insta-reaction on Twitter is very instructive. Liberals say this is good for Obama because it shows GOP recalcitrance. Conservatives say that he has remained so committed to enormous tax increases that he tanked the very possibility of a deal. Time will tell, but it strikes me that the heated rhetoric he is using—”I didn’t get my phone call returned,” “I’ve been left at the altar,” “there’s nothing Republicans will say yes to”—does not suggest he, Obama, feels he has been handed a gift by Boehner and the GOP. He claims to have put $1.5 trillion in cuts on the table, plus $600 billion in entitlement reductions, in exchange for tax increases of the same size. He says Republicans said they would accept a dollar in higher taxes (or “revenue”) for every four dollars in cuts, which isn’t exactly saying “no’” to everything. For their part, Republicans in the House passed their cut, cap and balance bill on Wednesday, and it included an increase in the debt ceiling, so even by his own account his criticisms of the GOP are not accurate.


TOPICS: News/Current Events; US: District of Columbia
KEYWORDS: budget; chaos; congress; deficit; hussein; johnpodhoretz; nero; zero
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-83 next last
Hussein is hell-bent on having a showdown...
1 posted on 07/23/2011 3:45:59 PM PDT by Beaten Valve
[ Post Reply | Private Reply | View Replies]

To: Beaten Valve

That’s how it appears to me. He’s trying to scare the hell out of Wall Street and the elderly. It’s just the way fascist dictators operate.


2 posted on 07/23/2011 3:47:49 PM PDT by FlingWingFlyer (Hey Barry! Compromise this!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Beaten Valve
This is all stupid. Demand for American debt is already artificial. Bond vigilantes would have stopped this government spending a long time ago.
3 posted on 07/23/2011 3:48:16 PM PDT by Cheap_Hessian (I am the Grim FReeper.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FlingWingFlyer

” That’s how it appears to me. He’s trying to scare the hell out of Wall Street and the elderly. It’s just the way fascist dictators operate.”

Obama is nothing but a street pimp.


4 posted on 07/23/2011 3:49:56 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Beaten Valve

Of course he wants a crisis.


5 posted on 07/23/2011 3:50:25 PM PDT by TribalPrincess2U (I pledge allegiance to the flag of the United States of America.. VOTE out the RATS!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FlingWingFlyer

let him keep talking, by all means.


6 posted on 07/23/2011 3:50:29 PM PDT by RC one (DO NOT RAISE THE DEBT LIMIT!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: stephenjohnbanker

A street pimp in the WH.

Now that’s what’s scary.


7 posted on 07/23/2011 3:51:37 PM PDT by TribalPrincess2U (I pledge allegiance to the flag of the United States of America.. VOTE out the RATS!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: FlingWingFlyer

Obama seems to regard H.L. Mencken’s criticism of politics, “The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary,” not as a criticism, but an operating manual.


8 posted on 07/23/2011 3:52:28 PM PDT by The_Reader_David (And when they behead your own people in the wars which are to come, then you will know. . .)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Beaten Valve

Obama is a walking, talking fustercluck.


9 posted on 07/23/2011 3:54:10 PM PDT by upsdriver (to undo the damage the "intellectual elites" have done. . . . . Sarah Palin for President!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TribalPrincess2U

What Obama is doing to the country is even MORE scary. He is destroying the middle class.


10 posted on 07/23/2011 3:54:14 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Beaten Valve

He’s also looking for a way to pass the buck. HIS economy is sucking air right now and that reality is finally getting some traction according to recent polls. The old blame Bush meme is losing its saleability. I think he’s getting ready to shift from blame Bush to blame congress.

The guy may be the biggest wimp and whiner to ever hold elected office.


11 posted on 07/23/2011 3:55:41 PM PDT by bereanway
[ Post Reply | Private Reply | To 1 | View Replies]

To: stephenjohnbanker

He’s destroying everything American.

AND he has George Soros helping him.


12 posted on 07/23/2011 3:59:04 PM PDT by TribalPrincess2U (I pledge allegiance to the flag of the United States of America.. VOTE out the RATS!)
[ Post Reply | Private Reply | To 10 | View Replies]

To: TribalPrincess2U
Of course he wants a crisis.

Cloward-Piven!!!!

13 posted on 07/23/2011 4:00:30 PM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
[ Post Reply | Private Reply | To 5 | View Replies]

To: Beaten Valve

A leader never shows anger, certainly not rage. The kenyan damaged himself immensely Friday. He lost the election in that press conference. He may not even serve out his term. I am sure he scared the democrats mightily, to have a lunatic on the loose like that. The sane ones are definitely now conspiring to ease him out, like they did to Nixon. The resident is too marxist and too determined to sink the western world.

World markets will melt down Sun-Mon, no matter what.

Both parties in Congress will shortly twig to the fact that Omuslim intends to default no matter what Congress agrees to do, and they will figure out how to override him.

If Congress does not override him, the whole schmear is coming down. Lehmans failure will look like a teddy bears picnic.


14 posted on 07/23/2011 4:02:02 PM PDT by FlyingEagle
[ Post Reply | Private Reply | To 1 | View Replies]

To: Beaten Valve

Gold, it ain’t just for millionaires anymore.


15 posted on 07/23/2011 4:03:32 PM PDT by RC one (DO NOT RAISE THE DEBT LIMIT!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Beaten Valve
How else can hour accomplish his Aim of transforming America into a country ruled by Socialism?

He MUST incite a Riot thru the invention of a Crisis.

I think THIS could be THAT moment where he seizes power because “America was about to suffer an irrecoverable disaster that was going to destabilize society”.

He fabricates the crisis, then he assumes the position of ruler - for our won good of course.

16 posted on 07/23/2011 4:04:19 PM PDT by R0CK3T
[ Post Reply | Private Reply | To 1 | View Replies]

To: TribalPrincess2U

” AND he has George Soros helping him.”

Soros, and international globalist bankers who want us reduced to serfs.


17 posted on 07/23/2011 4:06:07 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: FlingWingFlyer
Infamous Democrat quote: "Never waste a good crisis."
18 posted on 07/23/2011 4:06:37 PM PDT by DJ Taylor (Once again our country is at war, and once again the Democrats have sided with our enemy.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: The_Reader_David

The Mencken line about nobody going broke underestimating the intelligence of the American people seems to be an O’Bummer favorite also.


19 posted on 07/23/2011 4:09:06 PM PDT by Scanian
[ Post Reply | Private Reply | To 8 | View Replies]

To: Beaten Valve
What a selfish, egotistical man.

He doesn't care how much hardship he brings down on Americans, as long as he gets his way.

How did we end up with a man of such low moral character as our leader?

20 posted on 07/23/2011 4:09:28 PM PDT by skeeter
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-83 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson