Skip to comments.Obama has given up seeking a solution to America's financial woes
Posted on 03/01/2014 11:05:44 AM PST by Sub-Driver
Obama has given up seeking a solution to America's financial woes
American Way: After nearly six years of back-and-forth with Republicans over America's finances, Barack Obama has signaled that a deal is now beyond his grasp
5:25PM GMT 01 Mar 2014
Without a bang or a whimper, all hopes of striking a so-called "Grand Bargain" to put America's public finances on a sustainable track died a quiet death this week.
And because cynicism passes for wisdom in Washington, the passing was little lamented. But its death is a loss to the cause of putting America's house in order, and all-but-officially marks the moment the Obama administration gave up trying to bridge the political divide on this most fundamental issue.
The death notice itself was printed in the pages of the Obama budget, which quietly rescinded the offer of long-term healthcare and pensions reform by withdrawing the offer of what Capitol Hill policy-wonks call "Chain-weighted CPI" from their budget blueprint.
A contentious but courageous plan, it essentially moved to link social security payments to the rate of inflation, slowing the rate of growth slightly and ultimately saving billions in a society with an aging population.
On the left, Liberals and the big unions howled in protest, but it was a substantive outreach to Republicans by Mr Obama after his 2012 re-election and it could have formed the basis of that "grand bargain" to deal with America's $17 trillion debt mountain.
(Excerpt) Read more at telegraph.co.uk ...
When did Obama start ?
That’s because his ouster is the solution.
No more complicated than that.
Getting rid of Obama and leftists IS the solution to our financial woes
I’d say the author drastically misunderstands what has been going on.
To say the Clown "gave up" implies that he EVEN BEGAN to look for a solution.
He never STARTED to solve the problem, so how can he "give up"?
The writer is high on lefty koolaid.
“Chain-weighted CPI” is out? Good. It was introduced as a way to screw people dependent on COLAs to keep their Social Security and pensions up with inflation.
If Congress is going to cut those benefits, then cut them. Don’t employee sneaky tactics like Chain Weighting.
Cloward-Piven working now on autopilot.
The best thing the government can do for the economy is to get out of its way.
The reason Obama is currently president, is that the GOP is no better.
Both parties are all for sending American jobs to Asia.
America is now 17.25 trillion dollars in debt, and that is rapidly growing.
We need to bring back jobs, to America.
That means you too GOP. Stop sending American jobs abroad.
Bring them back.
Obastard’s “giving up” means we may have a chance to get things under control, after all, if it were true.
But I think this is just another Obastard lie. Nothing is going to change.
I agree that is the answer, but if I were a multinational company, why would I bring jobs back?
“Obama has given up seeking a solution to America’s financial woes “
This tells me that someone has the mistaken idea that The Stain ever had a thought to “solving our financial woes”.
I would submit that this country is dealing with the results of what The Stain had in mind from the very beginning. I further submit that he will double down on his efforts as more time passes.
Who’s prepared to do anything to stop him and his outrageous agenda? Congress? I kind of fu*king doubt it.
Thank you President shuck and jive. Loser
Nothing that MADE IN USA won’t cure and that won’t happen as long as Wall Street is contributing to both parties.
“..To say the Clown “gave up” implies that he EVEN BEGAN to look for a solution.”
Exactly. HE, and his ilk, are the problem with our economy. Since first elected, he has been destroying our economy, by design.
Actually nobama and moochelle spend every penny of ours they can get their hands on, and more. Do you really think they would have all these parties, vacations, etc., if they had to pay for it?
——but it was a substantive outreach to Republicans by Mr Obama after his 2012 re-election -—
Funny, but all the obama outreaches to republicans seem to start with bend over and grab your ankles....
The word compromise does not exist in Obama’s leftist lexicon ...
If we raise tariffs to 100%, then the stuff from China will double in price. Making their cheap stuff expensive will fix everything. They already have 100% tariffs on the stuff we make, right?
Of course, nobody will be able to afford to buy anything, but hey, you have to break some eggs if you’re going to make omelets.
It's not that simple. The out-of-control elitist globalist elements of the right are also having it their own way with Obama. It's like he has a strategy that he can serve both masters by destroying the middle class.
Government, banking, and corporate/global interests are all out of control. What we need is smaller governments that are more responsible to the people they're supposed to serve.
He never has a solution for anything.
Back and forth? When did that happen?
“If we raise tariffs to 100%, then the stuff from China will double in price.”
OK. Works for me.
If an alien race that didn’t understand human language but otherwise understood how cultures behave, observed Obama’s political career and actions, they would reach no other conclusion than that he campaigned on, was elected (twice) on, and is now delivering on his promise to completely tank the economy and turn the US into an utterly destitute nation.
Then make it 200%. If doubling prices for consumers works, why not triple them? Heck, why stop there?
Really, I hate that Chinese crap, and I’d like to keep it out of everybody’s hands. I don’t want it, and I don’t want anybody else to have it either. This “freedom of choice” jazz has to go because people are acting against their own interests, and we can fix that.
Unless you plan on outlawing computers and machinery, that ain't going to change.
You disagree with GeronL, and then proceed to outline why GeronL is right on the mark, which IMO he is.
I hate to defend Obama in any situation, but let’s be real here: Most of America’s financial woes are beyond repair. When you live in a consumer-driven economy that is fueled by massive public and private debt, you’re living in a social order that isn’t long for the world.
of both parties. I am not even certain I need to keep pointing out that both parties are a lot alike.
I guess nobody clued them in that his plan is destroy the economy. His job is done.
barry has been PURPOSELY CAUSING the economic problems we have!!!!!!!!!
He hasn’t given up on anything! You can bet your last tax dollar that he’s got more up his sleeve to further destroy our economy so that it will NEVER recover.
That’s been the plan all along. Don’t be fooled.
(I forgot my "/s". Sorry.)
If he really wanted a solution to America’s financial woes, he would go back in time, look at what works, and do it.
Logical conclusion would be that he’s not interested in anything other than his own agenda, which does not include a robust American economy.
Correct. Economically speaking, his intentions can be distilled down into one word: Reparations.
The left has us right where it wants us. It’s just a matter of when to pull the plug.
“Of course, nobody will be able to afford to buy anything, but hey, you have to break some eggs if youre going to make omelets...”
That’s something that the Tariff-ers either forget or simply don’t get to begin with. Add cost of any kind to anything and the consumer takes it in the shorts. You’re not punishing the company that built them or the government of the country where they’re built, no, just the end user who pays the freight.
Sure, go ahead, throw massive tarrifs on all imported goods. Watch the prices on TVs, electronics, cars all shoot up. “Good” you say and now all of these things will now be made in America again? Do you realize what you’re saying there? That to bring those industries back to this country the product is going to have be priced, sometimes significantly, higher.
One word: "Retaliation." We won't be able to sell a damn thing in those countries when they jack up their tariffs on us.
As far as Bath House is concerned, his solutions to financial problems can be found at the same locale as where the killer of Ron Goldman and Nicole Simpson is. Or it can be found in the part of the universe where magnetic monopoles exist or antimatter predominates.
Interesting that there comments at the source aren’t enabled. The Dems never produced a budget and only ever planned on hugely increasing spending and debt through continuous resolution. The GOP hasn’t been serious about cutting anything and just goes along with whatever they are handed. Look at them completely rolling over at the debt limits. Their plan to give Obama whatever he wants to keep from being labeled as obstructionist clearly isn’t even working for the toadie who wrote this article. Obama’s only (very cynical) attempt at “compromise” was his sequester idea which cuts the military and some meaningless social cuts that allow the Dems to scream at how mean the GOP is. That wasn’t even supposed to happen.
In fact, when they have had to pay for it, they've gone cheap.
Recall Michelle's birthday party, when invitees were told to eat beforehand, as no food would be served?