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Obamas Bad Bargain (the left is becoming unhinged)
The Nation ^ | July 27, 2011 | William Greider

Posted on 08/03/2011 9:54:12 AM PDT by Huskrrrr

The most distressing outcome of the deficit hysteria gripping Washington may be what Barack Obama has revealed about himself. It was disconcerting to watch the president slip-slide so easily into voicing the fallacious economic arguments of the right. It was shocking when he betrayed core principles of the Democratic Party, portraying himself as high-minded and brave because he defied his loyal constituents. Supporters may hope this rightward shift was only a matter of political tactics, but I think Obama has at last revealed his sincere convictions. If he wins a second term, he will be free to strike a truly rotten “grand bargain” with Republicans—“pragmatic” compromises that will destroy the crown jewels of democratic reform.


TOPICS: Government; News/Current Events
KEYWORDS: budget; budgetdeal; ceiling; compromise; corzine; debt; democrats; nationaldebt; obama; obamadebt
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Apparently no one on the left has actually read the Bill.
1 posted on 08/03/2011 9:54:17 AM PDT by Huskrrrr
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To: Huskrrrr

I suggest they put up their own guy for Primary in 2012!


2 posted on 08/03/2011 9:57:44 AM PDT by chris_bdba
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To: Huskrrrr

“pragmatic” compromises that will destroy the crown jewels of democratic reform”

Please, please tell us what the crown jewels of reform are. I know, but if they actually told voters exactly what they wanted then they would be hung for treason


3 posted on 08/03/2011 9:58:27 AM PDT by saleman (!!!!)
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To: Huskrrrr

:...It was disconcerting to watch the president slip-slide so easily into voicing the fallacious economic arguments of the right...”

This comment coming from a group who’s economic record is one of massive fail?

Hey commies, go back to something you actually understand...like....er....uh.....


4 posted on 08/03/2011 9:58:48 AM PDT by Da Coyote
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To: Huskrrrr

Neither has anyone on the right.


5 posted on 08/03/2011 9:59:10 AM PDT by Oshkalaboomboom
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To: Huskrrrr

What nonsense.

Obama ‘betraying the core principles of the Dem party’?

Pffftttttt...


6 posted on 08/03/2011 10:00:52 AM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: Da Coyote
Hey commies, go back to something you actually understand...like....er....uh...

Epic economic failure, Gulags, Mass Murder,

7 posted on 08/03/2011 10:02:07 AM PDT by MNJohnnie (Giving politicians more tax money is like giving addicts free drugs to cure their addiction)
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To: Huskrrrr

Sweet.


8 posted on 08/03/2011 10:02:31 AM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: chris_bdba
I suggest they put up their own guy for Primary in 2012!

Nader - Kucinich 2012
"If you think 0bama has messed things up, wait and see what we can do!"

9 posted on 08/03/2011 10:04:10 AM PDT by FatherofFive (Islam is evil and must be eradicated)
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To: Sir Napsalot

What leftist principles are they talking about? They have no principles!


10 posted on 08/03/2011 10:04:42 AM PDT by Edgerunner (Second Amendment Spoken Here)
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To: Huskrrrr
"It was shocking when he betrayed core principles of the Democratic Party..."

Good - now we all can despise him.

11 posted on 08/03/2011 10:04:58 AM PDT by Psalm 73 ("Gentlemen, you can't fight in here - this is the War Room".)
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To: Huskrrrr

The left has become unhinged? They were hinged before?

Who knew?


12 posted on 08/03/2011 10:05:17 AM PDT by barstoolblues
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To: FatherofFive

Actually Kucinich would be the perfect guy to take the US into formal bankruptcy. He has experience doing it when he was mayor of Cleveland.


13 posted on 08/03/2011 10:07:23 AM PDT by nascarnation
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To: Huskrrrr

It’s fake leftist outrage to make Obama look moderate.

Clinton did this, too.


14 posted on 08/03/2011 10:07:23 AM PDT by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem.)
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To: chris_bdba

Why the primary? The left should run a credible third party condidate, capable of scamming Democrat voters.


15 posted on 08/03/2011 10:08:59 AM PDT by pallis
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To: Huskrrrr

He is doing to the dumb-o-crats what he does to ANYONE who come between HIM and HIS re-election chances, throw them under the bus.

It is always about HIM, FIRST, LAST AND ALWAYS HIM

And still his will slaves follow him while he views them as under the bus fodder whenever he deems their usefullness over.


16 posted on 08/03/2011 10:09:49 AM PDT by chiefqc
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To: Huskrrrr

I just hope that this doesn’t convince anyone that Obama is now a “moderate”.


17 posted on 08/03/2011 10:10:34 AM PDT by AZLiberty (No tag today.)
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To: pallis

Where is Ralph Nader when we (giggle) need him most?


18 posted on 08/03/2011 10:11:24 AM PDT by Zeppo ("Happy Pony is on - and I'm NOT missing Happy Pony")
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To: Huskrrrr

DONATE

Sponsoring FReepers are contributing $10 Each time a New Monthly Donor signs up!
Get more bang for your buck!
Please Sign up Now!


19 posted on 08/03/2011 10:13:08 AM PDT by DeoVindiceSicSemperTyrannis (Want to make $$$? It's easy! Use FR as a platform to pimp your blog for hits!!!)
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To: Huskrrrr
"Supporters may hope this rightward shift was only a matter of political tactics, but I think Obama has at last revealed his sincere convictions."



20 posted on 08/03/2011 10:14:23 AM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Huskrrrr
It was shocking when he betrayed core principles of the Democratic Party

Give them all kinds stuff for free so they never have to get out of bed?

They're mad because the tax slaves are rebelling and demanding their freedom.
No slave labor - no democrat party.

21 posted on 08/03/2011 10:14:46 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: Huskrrrr

This is rather refreshing… Seeing the left bemoan their own defeat.

The mainstream media (who are now essentially left of center) just spent the last month being dishonest to their audiences who will probably be very weary of believing their foolish rhetoric in the future.

They preached that taxes were essential for any debt ceiling compromise. They went to bat for their hero Obama and lost. The compromise included no taxes and now these shills who preached tax, tax, tax look like fools… They’ve blamed the tea party, the Democrats, the Republicans and even their hero Obama - but they can blame and bemoan all they want.

Now they just look stupid, which is exactly what they were and still are. Their best bet would be to admit that they are wrong, and stop pretending that they were right.


22 posted on 08/03/2011 10:15:28 AM PDT by jerod (They were Socialist, Pro-Abortionist, Gun Control Nuts & Excessive Environmentalist -the NAZI party)
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To: Huskrrrr
It's all a sham. The left know they won this charade big time but it's how they operate. Keep the pressure on at all times. They'll howl and scream like banshees on how the Tea Party and the Republicans got everything. Their minions in the press will back them 100%.

Just look at the threads here on FR to see how successful the Communists were with creating a firestorm out of this bill. They know they got everything and more than they thought possible but will not admit it. They are experts at this. They had the right howling at each other, making threats, and many actually changed their party affiliation from R to I.

They are so close to total victory they can almost taste it. Don't think for a minute they're gonna ease up. No way. If anything they are going to throw on more coals and ratchet up the steam. While we take each battle as it comes and believe it's about what ever the subject du jour may be the commies are 5 plays ahead of us and every battle is about WORLD domination. They look at every possible outcome for every one of these battles and how they can use that outcome to their advantage.

23 posted on 08/03/2011 10:17:00 AM PDT by Graneros ("It is no exaggeration to say that the undecided could go one way or another.")
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To: Huskrrrr; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; calcowgirl; Gilbo_3; NFHale; ..
RE :” Supporters may hope this rightward shift was only a matter of political tactics, but I think Obama has at last revealed his sincere convictions. If he wins a second term, he will be free to strike a truly rotten “grand bargain” with Republicans—“pragmatic” compromises that will destroy the crown jewels of democratic reform. The president has done grievous damage to the most vulnerable by trying to fight the GOP on its ground—accepting the premise that deficits and debt should be a national priority. He made the choice more than a year ago to push aside the real problem—the vast loss and suffering generated by a failing economy.

Just so you understand their problem with this bill, libs/progressives want no cuts except in defense, another huge stimulus bill (esp with the economy tanking) and tax increases on ‘the rich’ tp pay for it and they want Obama to fight for these things scorched earth.

What these libs dont understand is something that Rush also incorrectly predicted last year, Obama may be liberal but he wants re-election more than anything. Being tied to Democrats limits Obamas options, he still has to play his base to keep them voting but he cant possibly give them what they want and still have a chance of getting re-elected and he knows this.

24 posted on 08/03/2011 10:17:32 AM PDT by sickoflibs (If you pay zero Federal income taxes, don't say you are paying your 'fair share')
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To: nascarnation

You mean Mayor Dennis “Burning River” Kucinich?

Anyway, FReepers need to go to the public library and occasionally read The Nation (taxpayer paid for) and wonder what kind of totalitarian control freaks actually subscribe to this statist garbage.

They think Castro, Chavez, and Ortega are failures at bringing socialism and just didn’t try hard enough.

And the classifieds in The Nation will make your hair stand on end.


25 posted on 08/03/2011 10:18:48 AM PDT by elcid1970 ("Deport Muslims. Nuke Mecca. Death to Islam. Freedom for mankind.")
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To: chris_bdba

Yup...that is how it is supposed to work


26 posted on 08/03/2011 10:19:49 AM PDT by SMARTY (A claim for equality of material position can be met only by a government with totalitarian powers.)
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To: chris_bdba

Yup...that is how it is supposed to work


27 posted on 08/03/2011 10:19:50 AM PDT by SMARTY (A claim for equality of material position can be met only by a government with totalitarian powers.)
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To: elcid1970

I owe Dennis a bit of gratitude
his taking Cleve into bk convinced me to move away and never look back


28 posted on 08/03/2011 10:21:32 AM PDT by nascarnation
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To: Huskrrrr

I thought there was a Kucinich rule...


29 posted on 08/03/2011 10:24:14 AM PDT by pappyone
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To: chris_bdba

We never see a ‘rat poll or any ‘rats suggesting who they would like to see run.


30 posted on 08/03/2011 10:24:31 AM PDT by presently no screen name
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To: sickoflibs; Huskrrrr; ding_dong_daddy_from_dumas; Liz; DoughtyOne; calcowgirl; Gilbo_3; NFHale

” What these libs dont understand is something that Rush also incorrectly predicted last year, Obama may be liberal but he wants re-election more than anything. Being tied to Democrats limits Obamas options, he still has to play his base to keep them voting but he cant possibly give them what they want and still have a chance of getting re-elected and he knows this. “

I don’t know if Obama really wants a second term. He STOLE so much money that he may be wild to spend some of it.


31 posted on 08/03/2011 10:26:00 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Huskrrrr

“...he betrayed core principles of the Democratic Party”

uh....that’s not possible!

Democrats have no “core principles”!

They are grounded in the church of “whatever’s working for me lately”.
They move to where ever the votes for government dependence are most plentiful.


32 posted on 08/03/2011 10:27:14 AM PDT by G Larry (I dream of a day when a man is judged by the content of his character)
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To: Huskrrrr
Pre-election, the LEFT tries to portray their elite liberals as conservative.

It's one way liberals work to trick the middle class... 'see our guy's NOT a leftist - he's middle of the road'. Yeah, right. The MSM pushed that with every liberal who's run for the past 30 years.

Have YOU ever seen the MSM push the idea that a conservative is really MORE liberal than people think? Never. The MSM plays for the benefit of one side, and one side only.

33 posted on 08/03/2011 10:29:56 AM PDT by GOPJ (This “wussification” of America is an on-going phenomenon.- freeper rokkitapps)
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To: Huskrrrr
Greider is one of the few honest liberals I respect. His book on the Fed, Secrets of the Temple, could have been written by a Tea Partier, or even Ron Paul.
34 posted on 08/03/2011 10:36:50 AM PDT by Publius
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To: barstoolblues

Beautiful! I enjoyed that.


35 posted on 08/03/2011 10:39:33 AM PDT by Dahoser (Separation of church and state? No, we need separation of media and state.)
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To: Huskrrrr
Pssst.

If re-elected I hear Obama has a secret plan to do away with Social Security and Medicare.

Pass it on to any Lefties you may know.

36 posted on 08/03/2011 10:41:53 AM PDT by comebacknewt ((on second thought, never mind, go away again Newt))
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To: Huskrrrr

Rush is going unhinged today. Won’t take phone calls. Just going off, madder than hell. Saw some stories that said debt deal will force us to raise taxes of armageddon is at hand (again). He loses his effectiveness when he is like this. Phone @ 1:25 PM First caller “why so dispondent” Rush: I’m not. I’m just ticked off... LOL


37 posted on 08/03/2011 10:43:42 AM PDT by shalom aleichem
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To: Huskrrrr

*


38 posted on 08/03/2011 11:02:10 AM PDT by PMAS
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To: Jewbacca
It’s fake leftist outrage to make Obama look moderate.

No believe it or not their outrage is very real.

I was over at DU earlier today. I didn't see one positive comment about Obama and that's a first.

39 posted on 08/03/2011 11:04:22 AM PDT by Siena Dreaming
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To: Huskrrrr

I’ve been explaining the bill to my favorite Leftist.
He hates both parties now.


40 posted on 08/03/2011 11:08:51 AM PDT by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com/)
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To: Huskrrrr
I think the Joke is on us. The right. The real americans. We are guilty for decades of allowing out of control spending. And we just agreed to raise our debt by more than the entire economic output of Great Britain or 1/3 of the entire Chinese economy. So, where is that money going to come from? Our other credit card. And the fed is going to put QE3 onto the card as well!

We are going down hard.

41 posted on 08/03/2011 12:13:37 PM PDT by blasater1960 (Deut 30, Psalm 111...the Torah and the Law, is attainable past, present and forever.)
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To: sickoflibs
Just so you understand their problem with this bill, libs/progressives want no cuts except in defense, another huge stimulus bill (esp with the economy tanking) and tax increases on ‘the rich’ tp pay for it and they want Obama to fight for these things scorched earth.

Thanks for the recap.

I hesitated to ask what the author might mean by "the crown jewels of democratic reform."

42 posted on 08/03/2011 12:30:13 PM PDT by calcowgirl ("Sapere Aude!" --Immanuel Kant)
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To: calcowgirl
I hesitated to ask what the author might mean by "the crown jewels of democratic reform."

1. Higher taxes

2. Defunding of the military

3. Voting rights for illegals

4. More abortions

5. Dachas for all .

43 posted on 08/03/2011 12:43:59 PM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: stephenjohnbanker
Does Obama really want a second term? He STOLE so much money that he may be wild to spend some of it.

ANOTHER CLUE: Is Michelle opening up revolving charge accounts at Tiffany's, Bulgari, Alexander McQueen Couture, Rolls Royce Ltd, Town and Country Real Estate, etc, etc, etc?

44 posted on 08/03/2011 12:49:47 PM PDT by Liz ( A taxpayer voting for Obama is like a chicken voting for Col Sanders.)
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To: stephenjohnbanker; CutePuppy; Condor51; ken5050; sickoflibs
THIS JUST IN The New York Times reports: A preliminary prospectus by MFGlobal hedge fund, which ex-NJ Gov Corzine heads, there is a clause that says an extra 1 percent will be paid on five-year notes “upon the departure of Mr. Corzine as our full time chief executive officer due to his appointment to a federal position by the President of the United States and confirmation of that appointment by the U.S. Senate prior to July 1, 2013.” 

There was such a clause in Corzine’s employment contract filed in March but this language is more specific.

It was rumored that if Hillary Clinton had become president Corzine wanted the Treasury job which was held in the Bush administration by Hank Paulson, the G/S insider guy who led the revolt against Corzine at Goldman Sachs. That’s when Corzine spent $185M of his own money to buy a US Senate seat and the Governor's chair.

========================================

ITEM Obama tried like heck to get Corzine reelected---he went to NJ three times---Biden was there twice.

ITEM Obama TV ads for Jon ran relentlessly on pricey NY media.

ITEM The Obama WH micro-managed every aspect of Jon’s campaign, reported the NY times.

ITEM As a final show of support--Obama sent $17.5 BILLION federal stimulus to NJ which disappeared without a trace upon arrival.

ITEM NJ voters threw Corzine out of office anyway. Corzine ended up as CEO of MF Global. MFG stock went up 15% in the pre-trading after-hours announcement.

ITEM Is NJ’s billion dollar pension fund invested in MF Global?

ITEM Is the $17.5 Billion stim invested in MGF?

ITEM Is Corzine going to Treasury to execute a transfer of the $17.6 billion into Obama’s campaign?

45 posted on 08/03/2011 1:16:49 PM PDT by Liz ( A taxpayer voting for Obama is like a chicken voting for Col Sanders.)
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To: calcowgirl
RE :"I hesitated to ask what the author might mean by "the crown jewels of democratic reform."

Food stamps? Medicare and medicaid?

46 posted on 08/03/2011 1:26:22 PM PDT by sickoflibs (If you pay zero Federal income taxes, don't say you are paying your 'fair share')
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To: nascarnation

You mean Mayor Dennis “Burning River” Kucinich?

Anyway, FReepers need to go to the public library and occasionally read The Nation (taxpayer paid for) and wonder what kind of totalitarian control freaks actually subscribe to this statist garbage.

They think Castro, Chavez, and Ortega are failures at bringing socialism and just didn’t try hard enough.

And the classifieds in The Nation will make your hair stand on end.


47 posted on 08/03/2011 1:33:55 PM PDT by elcid1970 ("Deport Muslims. Nuke Mecca. Death to Islam. Freedom for mankind.")
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To: Liz; stephenjohnbanker; sickoflibs
A preliminary prospectus by MFGlobal hedge fund, which ex-NJ Gov Corzine heads, there is a clause that says an extra 1 percent will be paid on five-year notes “upon the departure of Mr. Corzine as our full time chief executive officer due to his appointment to a federal position by the President of the United States and confirmation of that appointment by the U.S. Senate prior to July 1, 2013.”

As weird as this looks it's actually a very reasonable rate of "conditional insurance premium" to entice the people who are concerned about the possibility of Corzine leaving the fund for Obama's post to still invest in the fund. The mechamism / instrument is a little unusual but not that much different from taking a "key man life insurance" policy by companies where their fate depends on one or few "key" persons (such as inventors or executives) essential to survival of the company.

The major difference between the two is that Corzine's "insurance" is conditional so that MFGH won't have to pay the premium upfront. It also means that they consider the possibility remote, but need to offer an incentive to possible investors who are concerned about the rumors of this very specific scenario. Apparently the bankers from Jeffries & Co., who worked on this bond deal, came up with the shrewd structure that allows the firm not having to pay the "insurance premium" unless the condition/event actually happened.

From Wall St. Stunned by Corzine's Obama Covenant - BL, by Tim Catts, Matthew Leising and Christine Harper, 2011 August 02

This is just a variation on the concept of CDS or interest-rate swaps, which is well understood on Wall Street and in financial circles. John Paulson and few others made billions of dollars using CDS betting against mortgage market CDOs / MBS which AIG's London's Financial Products division (mostly) had underwritten.

48 posted on 08/03/2011 4:38:03 PM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: chris_bdba

Yes!!! Please vote for Markos Moulitsas in the Democratic Primary!

Let’s elect a Communist in 2012!


49 posted on 08/03/2011 7:50:38 PM PDT by o2bfree
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To: CutePuppy; Liz

” John Paulson and few others made billions of dollars using CDS betting against mortgage market CDOs / MBS which AIG’s London’s Financial Products division (mostly) had underwritten. “

A Paper.....................ROTFLOL!


50 posted on 08/03/2011 8:30:53 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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