Time to eat your peas, Hussein! Big a big boy!
Posted on 07/13/2011 6:35:46 PM PDT by SeekAndFind
Between this and the Moody’s news, tomorrow ought to be fun on Wall Street. Per Slublog, remember during Campaign ’08 when this guy’s big selling point was his “first-class temperament”?
Also, am I right in thinking that the only two times O has walked out on a meeting are today and when he met with Bibi Netanyahu back in March of last year? That’s quite a record of indignation, champ. You really know how to get tough with the enemy.
Cantor said he told the president that the two sides remain so far apart at this point that he doubted they could get to $2.5 trillion in cuts (to match the debt increase requested by the administration, enough to get through the 2012 election) given the time available. President Obama has said he will not sign any increase to the debt ceiling less than that amount, and Cantor had previously insisted that the House would vote no more than one time to increase the debt limit. Cantor said he was willing to abandon his position in order to allow some kind of short-term measure to increase the debt limit and reassure credit markets while negotiations continue, and asked the president if he would be willing to consider this option.
At this point, Cantor explained, the president became “very agitated” and said he had “sat here long enough,” that “Ronald Reagan wouldn’t sit here like this” and “something’s got to give.” Obama then told Republicans they either needed to compromise on their insistence on a dollar for dollar ratio of spending cuts to debt increase or agree to a “grand bargain” including massive tax increases. Before walking out of the room, Cantor said, the president told him: “Eric, don’t call my bluff. I’m going to the American people with this.” He then “shoved back” and said “I’ll see you tomorrow.”
The Democratic spin on what happened is that Cantor “rudely” interrupted The One mid-finger-wag and he got huffy and walked out. As for what he means by “going to the American people,” I don’t want to get my hopes up but we might be in store for another 45-minute lecture tomorrow morning about corporate jets. As an ironic gloss on this drama, read Chuck Todd’s take on how, in principle, Obama and Boehner aren’t all that far apart. If O publicly committed to a truly significant concession, like means-testing for Medicare or raising the eligibility age for Social Security, then maybe the GOP could be persuaded to take another look at letting the Bush tax cuts lapse for the wealthy. But since he won’t, they can’t. Said Boehner to a gaggle of reporters this afternoon, “Dealing with them the last couple months has been like dealing with Jell-o.”
Before he threw his tantrum, Obama also reportedly told Republicans today that Friday’s the deadline for deciding whether both sides should continue to pursue a real deficit-reduction deal or whether they should shift to looking for some sort of fallback plan a la McConnell to avoid default. So, the good news: The first stage of the debt-ceiling drama will kinda sorta be over in the next 48 hours. The bad news: Three more weeks of the next stage to come, guys. Three. More. Weeks.
Update: To steal a line from our Greenroom contributor Karl, here’s more of what the “adult in the room” had to say before he, er, left the room:
“This process is confirming what the American people think is the worst about Washington,” the president said. “Everyone is more interested in posturing, political position and protecting their base than in solving problems.”…
“I have shown enormous willingness to compromise and have taken huge heat for it,” he said, “but my responsibility is to the American people and there comes a point when I need to say, ‘Enough.’”
“It cannot all be on us,” the president said, arguing that Republicans need to give on the revenue side of things as Democrats are willing to do so on spending cuts.
Weigel also clarifies the terms of the actual dispute between O and Cantor. Cantor says they can get a deal for $1.5 trillion in cuts through the House. Problem is, the GOP’s vowed not to raise the debt ceiling by more than the amount in total cuts and a $1.5 trillion debt-ceiling hike won’t get us past the election next year. That makes The Perpetual Campaigner unhappy, so either the GOP will have to step back from its vow or O will have to agree to deal with the debt ceiling again — just a few months before election day, when the incentives on both sides to hold out will be even greater than they are now.
Well, that makes a lot of sense. /sarc
If you cut spending, why do you have to increase borrowing?
If spenders charge less on their credit card, why would they want an increased credit limit? Hmmm?
Operation President Walker. We need one.
He’s whining because they’re turning turning off the cash spigot for the 2012 elections...which means they’re ability to the “fix” the elections..and cover the 110% turnout rates required in downtown Chicago and Philly is going to be severely compromised.
Leave it to the GOP to natch defeat front the jaws of victory...yet.
The fact that he referenced RR indicates he is trying to get others to see him in that light (”I’m doing what RR did.”) The fact that he doesn’t get the difference between what he did and what RR did with Gorbachev speaks volumes.
If you look at the "Cloward Pliven" strategy of causing a nation to implode due to financial demands and Saul Alinskys "Rules for Radicals" you can understand Obama's every move.
Obama does not worry if he plunges this nation into financial ruin, class warfare, and racial strife. Obama is worried that he may not be able to plunge this great nation into financial ruin, class warfare and racial strife.
I BELIEVE LITTLE OF WHAT HE SAYS. I BELIEVE WITH 100% FAITH THAT HIS MENTORS AND TEACHERS BELIEVED WHAT THEY TAUGHT HIM AND THAT HE BELIEVED WHAT THEY SAID
I agree.
Our stock profilio is up 271%, so it is just a matter of investing against Zero.
I guess this means another barforama presser tomorrow.
“Call out the Tea Party! There’s gonna be a Redneck Revolution.”
I see some Bible thumping, gun toting, toothless hicks, coming down from the hills. (and the plains, and the valleys, and the desserts, and the mountains, and the oceans).
Hoping he calls out holder’s people and we can practice “double tap” more than just as an ocassional double post.
And there you have it! Obama's worried about his reelection.
He doesn't want the specter of this hanging over him.
Republicans should come out with clearly reasonable position. $1.5 trillion raising the debt with a dollar-for-dollar offset. Obama will be left to argue that's not enough new debt for even another 18 months?
People will get it. If this is what will pass the House, Republicans need to pass it next week and dare the Senate to vote it down as too small a debt increase.
lol..yep that’s the one. Thx
Does anyone still listen to mac, the crybaby liar, daddy anymore let alone believe anything he says?
“It cannot all be on us,” the president said, arguing that Republicans need to give on the revenue side of things as Democrats are willing to do so on spending cuts.
It can (it must!) when it is your side’policies that have created the problem.
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.