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Obama has given up seeking a solution to America's financial woes
telegraph.co.uk ^

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

John Avlon

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The death notice itself was printed in the pages of the Obama budget, which quietly rescinded the offer of long-term healthcare and pensions reform by withdrawing the offer of what Capitol Hill policy-wonks call "Chain-weighted CPI" from their budget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 ...


TOPICS: Miscellaneous; Politics/Elections
KEYWORDS: obama; obamabudget; obamadebt; obamaeconomy
So I guess he'll go on vacation then?
1 posted on 03/01/2014 11:05:44 AM PST by Sub-Driver
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To: Sub-Driver

When did Obama start ?


2 posted on 03/01/2014 11:06:44 AM PST by molson209 (Hillary Clinton)
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To: Sub-Driver

That’s because his ouster is the solution.


3 posted on 03/01/2014 11:07:22 AM PST by PapaNew
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To: Sub-Driver
Obama is emblematic of why most of Eric Holder's people are poor... they spend every cent they can get their hands on, and more.

No more complicated than that.

4 posted on 03/01/2014 11:07:38 AM PST by E. Pluribus Unum (If Barack Hussein Obama entertains a thought that he does not verbalize, is it still a lie?)
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To: Sub-Driver

Getting rid of Obama and leftists IS the solution to our financial woes


5 posted on 03/01/2014 11:08:29 AM PST by GeronL (Vote for Conservatives not for Republicans!)
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To: Sub-Driver

I’d say the author drastically misunderstands what has been going on.


6 posted on 03/01/2014 11:09:47 AM PST by ClearCase_guy
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To: Sub-Driver

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"?

7 posted on 03/01/2014 11:09:56 AM PST by SoFloFreeper
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To: Sub-Driver

The writer is high on lefty koolaid.


8 posted on 03/01/2014 11:10:30 AM PST by VRWC For Truth (Roberts has perverted the Constitution)
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To: Sub-Driver

“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.


9 posted on 03/01/2014 11:10:42 AM PST by Cyber Liberty (H.L. Mencken: "The urge to save humanity is almost always a false front for the urge to rule.")
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To: Sub-Driver

Cloward-Piven working now on autopilot.


10 posted on 03/01/2014 11:10:56 AM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: Sub-Driver

The best thing the government can do for the economy is to get out of its way.


11 posted on 03/01/2014 11:11:25 AM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: GeronL

I disagree.

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.


12 posted on 03/01/2014 11:11:53 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Sub-Driver

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.


13 posted on 03/01/2014 11:12:52 AM PST by Cyber Liberty (H.L. Mencken: "The urge to save humanity is almost always a false front for the urge to rule.")
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To: Cringing Negativism Network

I agree that is the answer, but if I were a multinational company, why would I bring jobs back?


14 posted on 03/01/2014 11:12:59 AM PST by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: Sub-Driver

“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.


15 posted on 03/01/2014 11:13:14 AM PST by Howie66 (John Wayne McCornyn...he's just like US! Honest!)
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To: Sub-Driver

Thank you President shuck and jive. Loser


16 posted on 03/01/2014 11:15:24 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: Sub-Driver

Nothing that MADE IN USA won’t cure and that won’t happen as long as Wall Street is contributing to both parties.


17 posted on 03/01/2014 11:15:32 AM PST by ex-snook (God is Love)
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To: SoFloFreeper

“..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.


18 posted on 03/01/2014 11:15:46 AM PST by EagleUSA
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To: E. Pluribus Unum
Obama is emblematic of why most of Eric Holder's people are poor... they spend every cent they can get their hands on, and more.

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?

19 posted on 03/01/2014 11:16:12 AM PST by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: Sub-Driver

——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 ...


20 posted on 03/01/2014 11:16:19 AM PST by Popman ("Resistance to Tyrants is Obedience to God" - Thomas Jefferson)
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To: Cringing Negativism Network

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.


21 posted on 03/01/2014 11:16:58 AM PST by Cyber Liberty (H.L. Mencken: "The urge to save humanity is almost always a false front for the urge to rule.")
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To: Sub-Driver
No, Happy Hour. He declared Happy Hour last night. Didn't you hear?

http://www.washingtonpost.com/blogs/post-politics/wp/2014/02/28/obama-holds-happy-hour-with-the-democratic-party/

22 posted on 03/01/2014 11:19:56 AM PST by Chgogal (Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
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To: GeronL
gettomg rod pf Obama and the leftists is the solution

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.

23 posted on 03/01/2014 11:22:10 AM PST by grania
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To: Sub-Driver

He never has a solution for anything.


24 posted on 03/01/2014 11:22:45 AM PST by Parmy
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To: Sub-Driver

Back and forth? When did that happen?


25 posted on 03/01/2014 11:22:51 AM PST by kaehurowing
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To: Cyber Liberty

“If we raise tariffs to 100%, then the stuff from China will double in price.”

-

OK. Works for me.


26 posted on 03/01/2014 11:37:54 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Sub-Driver

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.


27 posted on 03/01/2014 11:40:55 AM PST by SpaceBar
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To: Cringing Negativism Network

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.


28 posted on 03/01/2014 11:47:04 AM PST by Cyber Liberty (H.L. Mencken: "The urge to save humanity is almost always a false front for the urge to rule.")
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To: Cringing Negativism Network
I don't know why you're obsessed with the idea of "bringing back jobs to America." Those jobs aren't coming back, mainly because the number of American jobs that have been lost to Asia are dwarfed by the job lost to automation.

Unless you plan on outlawing computers and machinery, that ain't going to change.

29 posted on 03/01/2014 11:51:35 AM PST by Alberta's Child ("I've never seen such a conclave of minstrels in my life.")
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To: Cringing Negativism Network; GeronL

You disagree with GeronL, and then proceed to outline why GeronL is right on the mark, which IMO he is.

Good job.


30 posted on 03/01/2014 11:52:08 AM PST by rockinqsranch (Dems, Libs, Socialists, call 'em what you will. They ALL have fairies livin' in their trees.)
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To: Sub-Driver

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.


31 posted on 03/01/2014 11:57:58 AM PST by Alberta's Child ("I've never seen such a conclave of minstrels in my life.")
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To: Cringing Negativism Network

“and leftists”

of both parties. I am not even certain I need to keep pointing out that both parties are a lot alike.


32 posted on 03/01/2014 12:12:52 PM PST by GeronL (Vote for Conservatives not for Republicans!)
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To: molson209

I guess nobody clued them in that his plan is destroy the economy. His job is done.


33 posted on 03/01/2014 12:16:28 PM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Cyber Liberty
Ever heard of “Smoot-Hartly” That turned a bad recession into the Great Depression.
34 posted on 03/01/2014 12:16:40 PM PST by painter ( Isaiah: “Woe to those who call evil good and good evil,")
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To: Sub-Driver

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.


35 posted on 03/01/2014 12:23:31 PM PST by joethedrummer
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To: painter
I certainly have heard of "Smoot-Hawley," and your assessment of its effect is sort of right. I don't think it "caused" the Depression but it sure as heck didn't help matters (like it won't now). CNN has plenty of arguments that we're wrong about that, and in reality we can tax ourselves into prosperity.

(I forgot my "/s". Sorry.)

36 posted on 03/01/2014 12:25:56 PM PST by Cyber Liberty (H.L. Mencken: "The urge to save humanity is almost always a false front for the urge to rule.")
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To: Sub-Driver

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.


37 posted on 03/01/2014 12:30:46 PM PST by JudyinCanada
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Less than $5k to go!!

38 posted on 03/01/2014 12:36:48 PM PST by RedMDer (May we always be happy and may our enemies always know it. - Sarah Palin, 10-18-2010)
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To: JudyinCanada
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.

39 posted on 03/01/2014 12:51:11 PM PST by Cyber Liberty (H.L. Mencken: "The urge to save humanity is almost always a false front for the urge to rule.")
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To: Sub-Driver

The left has us right where it wants us. It’s just a matter of when to pull the plug.


40 posted on 03/01/2014 1:09:22 PM PST by bgill
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To: Cyber Liberty

“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...”

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.


41 posted on 03/01/2014 1:42:03 PM PST by FAA
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To: FAA
But wait! There's more!

One word: "Retaliation." We won't be able to sell a damn thing in those countries when they jack up their tariffs on us.

42 posted on 03/01/2014 1:57:40 PM PST by Cyber Liberty (H.L. Mencken: "The urge to save humanity is almost always a false front for the urge to rule.")
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To: Sub-Driver

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.


43 posted on 03/01/2014 2:22:18 PM PST by bkopto (Free men are not equal. Equal men are not free.)
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To: Sub-Driver

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.


44 posted on 03/01/2014 2:30:36 PM PST by philled (If this creature is not stopped it could make its way to Novosibirsk!)
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To: Mastador1; E. Pluribus Unum
Do you really think they would have all these parties, vacations, etc., if they had to pay for it?

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?

45 posted on 03/01/2014 4:25:39 PM PST by okie01 (The Mainstream Media -- IGNORANCE ON PARADE)
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