Live Thread: Obamageddon Press Conference 11 A.M. EDT (and GOP morning presser)

Friday, July 14, 2011 | Kristinn

[kristinn]

GOP presser just starting. Jeb Henserling demanding Obama produce a plan.

Boehner up next. No tax hikes, real spending cuts that exceed increase in debt ceiling. Says time for Democrats to get serious.

[kristinn]

Priorities.

[camerongood210]

bmfl

[The Bronze Titan]

"ERIC! DON'T CALL MY BLUFF! 'cuase if you do,
this is how much I'm going to pay on Social Security!"

[kristinn]

Cantor says GOP will produce bill next week.

Kevin McCarthy up next invites Democrats to join in passing GOP bill next week.

Cathy McMorris Rodgers speaks next. Promotes GOP 'cut, cap and balance' plan.

Fox chyron didn't name the last speaker who said GOP will produce a plan to address short-term , mid-term and long-term issues.

Boehner up again now. Fox goes to commercial, other cables nets not covering at all.

[Red_Devil 232]

Air Force One needs to be grounded especially for a birthday gala/fundraising trip to Chicago on 8-4 if Obama lets the USA Default.

[PapaBear3625]

Regarding O's threat to not send out Social Security checks on Aug 3 if the debt ceiling is not raised, a poster at Belmont Club blog had a great observation:

By LAW Social Security is on automatic pilot.

It has its own SEPARATE funding source: FICA tax. This revenue is specifically directed to the Entitled retirees. At this time receipts are exceeding expenditures.

All of which means that the Resident has NO statutory authority to stop the flow of funds — almost all of which are dispatched electronically.

The trust fund is in a paper-work lock-box.

The way it works is: excess FICA taxes are used exclusively to purchase T-bonds — at auction — at the same price and terms as the open market — exactly when the open market auction occurs.

Thusly, excess FICA taxes make their way into the General Fund. They don’t just go there in a straight line.

Should, for any reason, the Trust Fund need to redeem it’s position ( roll off its T-bonds ) it can sell them in the open market or present them for payment. Should the Resident NOT pay — it would be a clear cut DEFAULT by the US Treasury, no ifs ands or buts.

IT IS IMPOSSIBLE for the Wan to stop Social Security checks.

That he threatens such is a straight up indication of his impulse to despotism.

[silentknight]

Why did the media stop covering the event

[Bushbacker1]

Bowbama, what a dick!

[EBH]

The White House “requested” that the live coverage be stopped until after he speaks.

[Bushbacker1]

Sarcasm?

[Danae]

Oooooooooo the Oblidiot speaks! Better check the batteries in the teleprompter and his little earpiece!

[SueRae]

Missed what little coverage there was. Any on Pelosi’s supposed appearance at 10? Or is she pulling her hair out now? Can’t beleiwve the networks, including Fox, cut it.

But I still think it will have the intended effect upon 0bama’s presser at 11...how does he respond? I don’t see a downside here.

[combat_boots]

Too early for the drinking game?

Well, yeah. Thanks for taking one for team, Kristinn. I won’t watch, as I can’t afford a new TV. Besides, I could have more fun cutting my grass with nailclippers. ;>

[Marty62]

OBAMAGEDDON Love it!!!!!

[Bushbacker1]

Surprise, surprise! PMSNBC is covering the dems presser.

[ozarkgirl]

Again?!?!

Geez, not one day goes by....

[newzjunkey]

According to Mike Pence (R-IN) on the Laura Ingraham, the House will pass next Wednesday a bill that cuts $112 billion this year, caps spending, and only raises the debt ceiling contingent on a balanced budget amendment passing and being sent to the states.

Rep. Jason Chaffetz is the House author. DeMint is carrying the water in the Senate.

Pence is telling people to HAMMER their representatives and senators.

[HKMk23]

T minus ten, and counting....

[Cheerio]

The radio news this morning reported that boy king "gave lawmakers the day off".

Nice to know the "lawmakers" work for Obozo.

We need a GOP managed media outlet.

[SunkenCiv]

Obamageddon!!! LOL!!! That’s the campaign winner, right there!

Thanks kristinn.

[Tax-chick]

Obaba’s will be late, so it should hit right when I declare Naptime. Whew.

[Truth29]

"IT IS IMPOSSIBLE for the Wan to stop Social Security checks."

You are thinking inside the framework of law and regulation. I wouldn't say it is impossible. The Won just orders Geithner not to issue the checks - stroke of the pen, law of the land.

[ColdOne]

He is 2 min EARLY!

[silentknight]

CONGRESS has run up the credit cards - President Obama says!

[SueRae]

Now it’s interest rate scare....

mr. above it all

[ozarkgirl]

He is 2 min EARLY!

Apologies to everyone who figured he'd be late and didn't bother to tune in.

[Cringing Negativism Network]

I can’t help it.

I just turned off my television. Just can’t stand the guy.

Ugh. he’s such a liar!

[Clint N. Suhks]

http://www.c-span.org/Live-Video/C-SPAN2/

[Chuck54]

Early? Probably early tee time.

[Beaten Valve]

Haven’t we heard this speech before?

[ohiobushman]

uh,uh,uh,uh,uh,uh.

[dennisw]

Still trying to jam the Republicans. Lying sack o shiite. More babble and no proposals. FUBO

Flush this turd in November 2012

[SueRae]

yup - still stuck on stupid, more on jet tax..nothing on tax RATES!

[MNlurker]

Millionaires, billionaires, and corporate jets OH MY!

[Clint N. Suhks]

Corporate Jet Owner Drinking Game FRink!

[relee]

Haven’t we heard this speech before?

Seems like it. Every day this week?

[penelopesire]

I am so sick of this man I could scream!! Can’t watch..will just read the thread. Going to watch the Weather channel until he is gone...lol. I can’t take it anymore!

[Boardwalk]

I just overheard a black woman talking on her cell phone and she was saying “They have the President between a rock and hard place.” I couldn’t help but say “The President is an idiot.”

[kristinn]

Thanks for the link to livestream coverage.

All four broadcast networks covering live. As are the cable news networks, except CNN Headline News and C-SPAN.

[SueRae]

He’s spinning again...talking about ‘revenues’ that polls ahve shown Republicans support revenue increases...what he DOES’NT say is they are in favor of doing something about RATES, not general tax increases. Duplicitous liar.

[EBH]

Republicans saying we need to include revenues (taxes)....

Ah..yeah we’re saying that as 47% of the population DOESN’T PAY ANY TAXES! We understand the rich, the millionaires, and billionaires CAN’T SAVE THIS COUNTRY BY THEMSELVES!!!

I hate liberals twisting what the F@$^# we are telling them.

[DarthVader]

Obadiarrhea of the Mouth!

[Red_Devil 232]

Same CRAP! Millionaires, Billionaires, Oil Companies, Corporate Jet owners needed to give more!

[armymarinemom]

His GOP friends? Really? I never knew that Chicago politicians sported real friends, I thought they just have connections on a first name basis.

[silentknight]

Obama says

We need to do some tough STUFF

uh uh uh dope uh uh dork

[Danae]

Ummmmm, soecifically, which poll is it that says Republicans think we need to raise taxes?

This jerk is lying through his blue lipped teeth.

[ohiobushman]

This is worse than “the View”.

[maggief]

Der leader is saying nothing new ... zip, zero, nada ... same rhetoric.