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Obama hosting bipartisan talks on economy (Obama losing on the economy and now needs a bailout)
LA Times ^ | 5/16/2012 | By Kathleen Hennessey

Posted on 05/16/2012 3:24:46 AM PDT by tobyhill

After months of trading blame and criticism from afar, President Obama and GOPcongressional leaders will meet Wednesday to discuss the economy — and, presumably, trade blame and criticism in person, more politely. The bipartisan gathering at the White House, the first since late February, is billed as a discussion of legislative solutions to the sluggish economy. The White House says President Obama will push House Speaker John A. Boehner (R-Ohio) and Senate Minority Leader Mitch McConnell (R-Ky.) to embrace his congressional to-do list, a short list of relatively small initiatives the president has said will spur growth.

Obama unveiled the list last week during an address in Albany, N.Y. As he did so, he mocked the unpopular Congress, his frequent foil, saying he'd made the list brief and easy, so it wouldn't take much reading. GOP leaders quickly dismissed the list as an election-year gimmick.

But Obama is aiming to show that he is serious about looking for common ground on economic measures. The White House says the president will give particular attention on Wednesday to a proposal that would give a 10% income tax credit to small businesses that hire new employees or increase wages. The measure would also extend tax deductions for business investment, a provision that would put $50 billion in business coffers over two years, according to the White House.

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


TOPICS: Extended News; News/Current Events
KEYWORDS:

1 posted on 05/16/2012 3:24:48 AM PDT by tobyhill
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To: tobyhill

HHAHAHAHAHHAHAHAHAHA

Obama hosting “bipartisan” talks hahahahahaha......


2 posted on 05/16/2012 3:34:24 AM PDT by Bronco_Buster_FweetHyagh (I cling to guns and religion.)
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To: tobyhill

To warn Boehner and McConnell to be wary is probably a waste of time.


3 posted on 05/16/2012 3:35:58 AM PDT by Venturer
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To: Bronco_Buster_FweetHyagh

Yeah.. just like that 0bamacare “summit.” Boehner and McConnell don`t have the courage to do so, but they should tell Boy Zer0 to piss up a rope.


4 posted on 05/16/2012 3:44:49 AM PDT by ScottinVA (Buying Drain-O requires photo I.D... yet voting doesn't???)
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To: Bronco_Buster_FweetHyagh

I know, what a laugher. This fool has run the economy into the ground for damn near 4 years.


5 posted on 05/16/2012 3:46:08 AM PDT by KC_Conspirator
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To: tobyhill
As he did so, he mocked the unpopular Congress, his frequent foil, saying he'd made the list brief and easy, so it wouldn't take much reading.

What a political genius - where do we find such men? /s

Yep, no better way to encourage compromise than to begin by implying that your opponents are essentially booger-eating morons.

6 posted on 05/16/2012 3:47:41 AM PDT by Madame Dufarge
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To: tobyhill

Cut regs, Pass Keystone, Cut more regs, repeal Dodd-Frank.


7 posted on 05/16/2012 3:48:32 AM PDT by BRL
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To: tobyhill
a proposal that would give a 10% income tax credit to small businesses that hire new employees or increase wages

Ha...good luck with that

A 10% tax cut on very little earnings to hire a new worker or pay more ...in this economy...............LOFLMAO

8 posted on 05/16/2012 3:49:34 AM PDT by spokeshave (If Obama is Lenin....who are Trotsky and Stalin...?)
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To: tobyhill

Any ‘pubbie showing up for these is a fool


9 posted on 05/16/2012 3:53:47 AM PDT by mo (If you understand, no explanation is needed. If you don't understand, no explanation is possible.)
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To: Madame Dufarge
That's why Boehner and McConnell need to get in front of the cameras and tell the American people that “we tried it Obama’s way and all he did was spend taxpayer's money for no results and now he wants a second bite at the apple. We'll meet with him but we don't expect Obama to change his ways”.
10 posted on 05/16/2012 3:54:17 AM PDT by tobyhill (Conservatives are proud of themselves, Liberals lie about themselves)
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To: mo
“Any ‘pubbie showing up for these is a fool"

That’s why Boehner and McConnell will be at the head of the line.

11 posted on 05/16/2012 3:59:42 AM PDT by Truth29
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To: tobyhill
Rinos and fellow travelers on the left are addicted to "compromise" but there is no possibility of compromise except as cosmetics because of the fiscal and regulatory depredations committed by Barack Obama and to a lesser extent by George Bush.

Yes, it is quite possible for Republicans and Democrats to compromise on some small issue such as tax breaks to those who hire more people-which will have the unintended consequence of rendering American business less efficient and less able to compete with Asians and push us into a game that we ultimately cannot win, competing on human labor rather than technology -but there is no possibility whatsoever of compromise on the scale necessary to save the country from the impending crisis. That is because the the margins consisting of about $6 trillion-$7 trillion were squandered by Obama and to a lesser extent by Bush and so there is nothing left with which satisfy both sides and still solve the entitlements problem and, at the same time, solve the stampeding deficit and staggering debt.

Putting aside the question whether Obama even desires a healthy economy and an honest fix, the problems he has created are so massive that they cannot be cured except by the dismantling of his administration's record, and more. By way of example, consider the Bush tax cuts which are about to expire next year because the Democrats would not make them permanent. Here is what Goldman Sachs has to say today about the effect of the Bush tax cuts will have if the Democrats force them to lapse:

14) If Congress fails to address fiscal cliff, fiscal policy likely to be 4 ppt drag on US growth in 1H 2013 – our base case assumes that drag will be 1 ppt next year. Alec Phillips: (i) We estimate that if Congress fails to address the "fiscal cliff" at year-end, fiscal policy will weigh on growth by nearly 4 percentage points in the first half of 2013. By contrast, our base case assumes that fiscal restraint will reduce growth by only 1pp next year; if Congress were to extend all of the expiring tax and spending measures, the effect on growth would be reduced to around 0.5pp. (ii) Comments today by House Speaker Boehner and Treasury Secretary Geithner provided some new guidance on the potential timing of fiscal decisions. Secretary Geithner affirmed our own expectation that the deadline for raising the debt limit is unlikely to be reached until early 2013. Speaker Boehner indicated openness to a short-term extension of fiscal measures as a means of achieving a broader fiscal agreement in 2013.

4%! That would tumble and economy with an anemic GDP of 1.9% into a real recession. Add to these burdens the regulatory jihad being conducted against the American enterprise and energy by the EPA and other agencies and the smothering effect of Obama Care and it is clear that by summer 2013 the American economy will be in ruins.

Every dollar that Obama has squandered means that we are without that dollar to reconstruct our economy now. Obama will not cease his jihads so there can be no "compromise." There are simply no dollars left to grease the Democrat party machinery and fix the economy.

We need an election to the death in November. There must be either salvation or ruin. We cannot have Obama profligacy and recovery too. The coming reckoning can be resolved only at the ballot box and not by cosmetic compromise.


12 posted on 05/16/2012 4:01:26 AM PDT by nathanbedford ("Attack, repeat, attack!" Bull Halsey)
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To: tobyhill

What an idiot. Obama has to go.


13 posted on 05/16/2012 4:16:42 AM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: Venturer

I thought we had act one of this tragedy a few years ago. These guys never learn or never want to. They will be used as props for his campaign. By simply admitting they need a meeting between the GOP and his majesty, they are giving credence to His Excellency’s point they have obstructed the economy. Never learn do these boys. Or care to learn. They both need to go. In answer to a request for a bipartisan meeting, McConnel should have said everything is bottled up in the democrat controlled senate, why not have a meeting with your alter ego Weed, er Reid and why bother us. The house has passed many things, including a budget which has languished on his desk for three years.

One thing is guaranteed, his excellency’s falling numbers will rise about 5% after this charade.


14 posted on 05/16/2012 4:24:51 AM PDT by Mouton (Voting is an opiate of the electorate. Nothing changes no matter who wins..)
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To: nathanbedford
Obama's a big ZERO on the economy no matter what happens between now and November. There's nothing he can do at this point that can conceal the level of destruction his idiot socialist policy has wrought on this nation.

His only avenue remains personal attacks and groveling to every minority special interest group in existence.

I expect direct discussion of reparations and amnesty for student loans now owned by the government.

OTOH, I fully expect the democrats to "educate" the country on romney's faith as well. Those attacks should be quite interesting as the socialists always overreach. Given the panic, it may even be entertaining.

15 posted on 05/16/2012 4:37:25 AM PDT by Caipirabob (I say we take off and Newt the site from orbit. It's the only way to be sure...)
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To: Caipirabob

Tell Obama to have the Senate to pass a budget first so people can plan.


16 posted on 05/16/2012 4:57:24 AM PDT by scooby321 (h tones)
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To: tobyhill

This is a simple setup. (1) Invite the GOP to bipartisan talks. (2) Demand absurd and insane concessions that have nothing to do with helping the economy. (3) Lead the media in blaming the Obama Recession on intransigent republicans who refused to “compromise”. (4) Bring out more dead and fictional voters in November, when the real, living voters don’t fall for it.


17 posted on 05/16/2012 5:03:21 AM PDT by Pollster1 (“A boy becomes a man when a man is needed.” - John Steinbeck)
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To: Mouton

Agreed—and it is a Charade.


18 posted on 05/16/2012 5:11:07 AM PDT by Venturer
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To: tobyhill

FUBO


19 posted on 05/16/2012 5:11:52 AM PDT by italianquaker ( Mr Obama inherited an AAA rating and made it AA, thnx Resident Zero)
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To: italianquaker

Obama has spent a lot of time on the economy.

Hanging out with George Clooney.

Going to Ohio, California, New York to fundraise and
just fly around in AF1.

Playing golf.

Fundraising.

Going around to colleges on the student loans. On “official” business.

Yes that interest rate hike of 3% is going to affect a lot of jobs July 1

HAHAHA HA HA HA. STudent loans!!!

Free Birth Control

And now he wants to sit down with Boenher.

HA HA HA HA HA


20 posted on 05/16/2012 5:45:14 AM PDT by preamble
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To: tobyhill

quite the come down for the boy god who proclaimed “I won, deal with it “

too bad we have been, and will be dealing with his screaming incompetence and coffee shop economics for many many years.


21 posted on 05/16/2012 11:46:08 AM PDT by tm61 (somewhere in chicago, a ward is missing it's crook)
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To: tobyhill

Who are the GOP Quislings who will fall for this?


22 posted on 05/16/2012 11:48:02 AM PDT by dfwgator
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