Obama says has reached his limit in debt talks

Posts : 9728

Heretic wrote:: I really think we're hosed. It sounds like regardless of any plan offered, they're having a really difficult time convincing the Tea Party freshmen that default is bad.

Maybe when the stock market drops 800 to 1000 points in 1 day they'll finally get the message that this is nothing to fool around with. Evil or Very Mad

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Artie60438 wrote:: Now can we please get back on topic?

Please do.
I don't know why you brought up WMDs in the first place.

Posts : 9728

The Hill: GOP postpones vote on debt bill 'indefinitely'

Quote :

Well, this is interesting:

Quote :: House Republican leaders have postponed indefinitely a vote on Speaker John Boehner's (R-Ohio) debt limit bill after they could not persuade enough Republicans to support the measure.

Indefinitely, huh?

And then there's this:
Obama says has reached his limit in debt talks - Page 4 Luke_tweet

Meanwhile, Jamie Dupree is reporting that Senate Democrats will meet tomorrow at 10 AM ET.

So let me get this straight....The geniuses on the right are going to tweak a bill they couldn't pass in the first place, had zero chance of passing the senate,and make it worse by caving to tea party lunatic demands which of course guarantees it too will be DOA in the Senate. Rolling Eyes

Meanwhile....Default Worries Dry Up Lending

Quote :: Rising signs of strain emerged across financial markets on Thursday as investors pulled out billions of cash out of money-market funds, in turn driving the funds to rein in lending in short-term markets.

Financial markets have become increasingly alarmed at the deepening divide in Washington and the potential that the U.S. could be downgraded by credit-rating agencies or, worse, default on its debt.

Banks, meanwhile, are scrambling to design emergency plans to avoid a trading logjam in the huge markets for Treasurys and short-term funding facilities if Congress fails to raise the U.S. borrowing limits by next Tuesday's deadline.

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Wow. The events of the last 48 hours have been unreal.

I never thought that I'd see the day when basically 87 GOP Representatives would be allowed to manufacture a situation that will most likely trash our country's credit rating and perhaps even force a default. None of this was necessary. There was no crisis associated with the rise in the debt ceiling until the GOP created one.

artie wrote:: Hang tight Mr President and let the insane GOP clown posse commit political suicide.

IMHO, no matter what happens in the next few days, the GOP totally owns this fiasco. "Insane GOP clown posse" is truly an apt description.

Posts : 689

Scorpion wrote:: IMHO, no matter what happens in the next few days, the GOP totally owns this fiasco. "Insane GOP clown posse" is truly an apt description.

Think so? Twenty years from now, nobody remembers John Boehner, but everybody remembers Barack Obama.

Posts : 2141

BigWhiteGuy wrote:

Scorpion wrote:: IMHO, no matter what happens in the next few days, the GOP totally owns this fiasco. "Insane GOP clown posse" is truly an apt description.

Think so? Twenty years from now, nobody remembers John Boehner, but everybody remembers Barack Obama.

Yeah. Well you're right about that... He's already saved the economy once, and history will reflect that fact. You had better hope that we avoid default. Because if it happens, this may be the beginning of the end of the Republican Party. There's still time for the GOP to redeem itself, but they had better find a way to control the extremists who seem to care more about their misguided ideology than doing what is best for the country.

Posts : 689

Scorpion wrote:: Yeah. Well you're right about that... He's already saved the economy once, and history will reflect that fact. You had better hope that we avoid default. Because if it happens, this may be the beginning of the end of the Republican Party. There's still time for the GOP to redeem itself, but they had better find a way to control the extremists who seem to care more about their misguided ideology than doing what is best for the country.

So, what your saying is that this economy belongs to Obama. You're the first lefty I know of to admit that.

Posts : 9728

BigWhiteGuy wrote:

Scorpion wrote:: IMHO, no matter what happens in the next few days, the GOP totally owns this fiasco. "Insane GOP clown posse" is truly an apt description.

Think so? Twenty years from now, nobody remembers John Boehner, but everybody remembers Barack Obama.

If you think that causing a debt ceiling crisis and damaging our credit standing by politicizing a legislative procedure that up until now was always a routine process won't be remembered by voters in 2012 you're going to be in for a rude awakening.

Posts : 9728

BigWhiteGuy wrote:

Scorpion wrote:: Yeah. Well you're right about that... He's already saved the economy once, and history will reflect that fact. You had better hope that we avoid default. Because if it happens, this may be the beginning of the end of the Republican Party. There's still time for the GOP to redeem itself, but they had better find a way to control the extremists who seem to care more about their misguided ideology than doing what is best for the country.

So, what your saying is that this economy belongs to Obama. You're the first lefty I know of to admit that.

Are you dreaming or what? He never said anything close to that. But don't fear,we'll be reminding voters regularly to remember what happened the last time we elected a Repub President. Think Dubya will be out there campaigning for the GOP in 2012? Laughing

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I would never have pegged the GOP as being pro-collapse. But it is, ultimately, an economizing process.

Posts : 3993

BigWhiteGuy wrote:

Funny, he had a different attitude in 2006.

Quote :: From Senator Obama’s Floor Speech, March 20, 2006:

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

I recall all the "false hope". Obama had no clue what the hell he was in to when he won the POTUS role.

"Without hope, what have we?", stated my daughter. My daughter was offered $500.00 by her father not to vote for him. She returned the money to him. She didn't state why. She lives in California, a CEO, and I guess what did she expect? HOPE and LEFT WITH THE CHANGE IN HER POCKET? It took her this long to return the money and she didn't have to state why?

She warned me years ago about what a skunk Shwartneggar - the guy who was gov of California, that he was Republican and a "skunk" before his divorce was revealed. Like always, I told her, "Hopes and Dreams" come from within you. YOU. Not from someone else telling you that all things are possible.

Only YOU can change YOU. Not a POTUS, white, black, red or yellow.

Obama destroyed our United States

We are divided. We are almost a step away because not only Obama because of the broken White House, Republicans, Democrats, red, yellow or white. I don't give a damn who you are. They are politicians at the upper level, and full of horse-shit without salt.

Illegal, legal, it doesn't matter anymore. The politicians blow money and lie like hell. They can all go to hell.

You are either upper class, or low-class. There is no in-between. Just SURVIVAL.

Posts : 689

Yeah, they'll remember him in 2012, alright. Time America woke up!

Quote :: President Barack Obama's job approval rating is at a new low, averaging 40 percent according to the latest from Gallup.

The data was compiled from the July 26-28 Gallup Daily tracking poll. Obama's previous low rating — 41 percent — occurred several times, the last of which was in April. As recently as June 7, Obama had 50 percent job approval.

Obama's approval rating averaged 46 percent in June and was near that level for most of July. However, it has stumbled in the past few days, coinciding with intensification of the debt ceiling/budget battle in Washington.

http://www.newsmax.com/InsideCover/Gallup-Obama-Approval-debt/2011/07/29/id/405374

Posts : 9728

BigWhiteGuy wrote:

Yeah, they'll remember him in 2012, alright. Time America woke up!

Quote :: President Barack Obama's job approval rating is at a new low, averaging 40 percent according to the latest from Gallup.

The data was compiled from the July 26-28 Gallup Daily tracking poll. Obama's previous low rating — 41 percent — occurred several times, the last of which was in April. As recently as June 7, Obama had 50 percent job approval.

Obama's approval rating averaged 46 percent in June and was near that level for most of July. However, it has stumbled in the past few days, coinciding with intensification of the debt ceiling/budget battle in Washington.

http://www.newsmax.com/InsideCover/Gallup-Obama-Approval-debt/2011/07/29/id/405374

Yeah,well you might just want to hold off for a while on planning a victory party.....

Obama says has reached his limit in debt talks - Page 4 Abc_obama_reagan_100716_main

Obama says has reached his limit in debt talks - Page 4 Abc_obama_reagan_100716_main

Posts : 689

Artie60438 wrote:: Yeah,well you might just want to hold off for a while on planning a victory party.....

Nice graph, Einstein, bit a little OLD. nObama is at 40% today, and Ronald Regan is dead.

Posts : 6988

Artie60438 wrote:: Democrats were not "pushing" for a war. Iraq was Dubya's idea.

Really?
And how were the Democrats planning on disarming Saddam?
By challenging him to a game of Scissors, Rock, Paper, winner take all WMDs?

"One way or the other, we are determined to deny Iraq the capacity to develop weapons of mass destruction and the missiles to deliver them. That is our bottom line."
President Clinton, Feb. 4, 1998

"If Saddam rejects peace and we have to use force, our purpose is clear. We want to seriously diminish the threat posed by Iraq's weapons of mass destruction program." — President Clinton, Feb. 17, 1998

"We urge you, after consulting with Congress, and consistent with the US Constitution and laws, to take necessary actions (including, if appropriate, air and missile strikes on suspect Iraqi sites) to respond effectively to the threat posed by Iraq's refusal to end its weapons of mass destruction programs." — Letter to President Clinton, signed by Sens. Carl Levin (D-MI), Tom Daschle (D-SD), John Kerry (D — MA), and others Oct. 9, 1998

"When I vote to give the President of the United States the authority to use force, if necessary, to disarm Saddam Hussein, it is because I believe that a deadly arsenal of weapons of mass destruction in his hands is a threat, and a grave threat, to our security and that of our allies in the Persian Gulf region. I will vote yes because I believe it is the best way to hold Saddam Hussein accountable." —Sen. John F. Kerry (D, MA), Oct. 9,2002

"In 1998, the United States also changed its underlying policy toward Iraq from containment to regime change and began to examine options to effect such a change, including support for Iraqi opposition leaders within the country and abroad. In the 4 years since the inspectors, intelligence reports show that Saddam Hussein has worked to rebuild his chemical and biological weapons stock, his missile delivery capability, and his nuclear program. He has also given aid, comfort, and sanctuary to terrorists, including al-Qaida members, though there is apparently no evidence of his involvement in the terrible events of September 11, 2001.

"It is clear, however, that if left unchecked, Saddam Hussein wiill continue to increase his capability to wage biological and chemical warfare and will keep trying to develop nuclear weapons. Should he succeed in that endeavor, he could alter the political and security landscape of the Middle East which, as we know all too well, affects American security."
Sen. Hillary Clinton (D, NY), Oct 10, 2002

Posts : 2141

happy jack wrote:

Artie60438 wrote:: Democrats were not "pushing" for a war. Iraq was Dubya's idea.

Really?
And how were the Democrats planning on disarming Saddam?
By challenging him to a game of Scissors, Rock, Paper, winner take all WMDs?

WTF is this? I thought that you agreed to stay on topic.

Like I said, if you really want to have a discussion on Iraq, then start a frickin' thread about it. I'm certainly willing to discuss it. I'm sure that other posters are willing to discuss it as well.

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Here are some leaders who have the courage to stand up to our government. They were arrested in Capital rotunda yesterday for protesting the debt ceiling impasse.
http://www.upi.com/Top_News/US/2011/07/29/Clergy-arrested-in-Capitol-budget-protest/UPI-56331311937579/#ixzz1TbTvYxEs

Quote :: "Our elected officials are protecting corporations and wealthy individuals while shredding the safety net for millions of the most vulnerable people in our nation and abroad. Our faith won't allow us to passively watch this travesty unfold. … Today, we offer our bodies as a living sacrifice," wrote the Rev. Michael Livingston, a past president of the National Council of the Churches of Christ

Posts : 2214

Even the Wall Street Journal is calling out the Republicans here.

Quote :: Passing a balanced budget amendment this year is a similar fantasy. Yet outfits like the Club for Growth used the amendment as an excuse to flip from opposing the Boehner plan to supporting it. Maybe it should be the Club for Futile Fiscal Gestures.
The main result of this pointless crusade has been to damage Mr. Boehner's leverage and push the final debt-limit increase in Mr. Reid's direction. The Speaker may now have to seek the tender mercies of Nancy Pelosi to get a final bill through the House, and who knows what her price will be.
The debt-limit hobbits should also realize that at this point the Washington fracas they are prolonging isn't helping their cause. Republicans are not looking like adults to whom voters can entrust the government.

You have to love it when the WSJ is calling Tea Party types "hobbits"

Posts : 6988

Looks like the debt ceiling was raised!!!!
Woo Hoo!!!!
Are all of you as happy as I am?

Posts : 6988

happy jack wrote:: Looks like the debt ceiling was raised!!!!
Woo Hoo!!!!
Are all of you as happy as I am?
(I'd be happier if this deal wasn't a "Satan sandwich".)

Posts : 9728

Decided to tune in for some Hate radio before going to bed last night to see how the wingnuts we're taking the news of the agreement. The host,Bill Cunningham,a real piece of work who to this day still refers to Obama using his full name Barack Hussein Obama. Rolling Eyes

I guess that's supposed to remind his mental midget audience that "he's not one of us" affraid

This lunatic also constantly refers to himself in the 3rd person by saying his own name followed by the words "A great American". :rolfcry:
The few callers I listened to were going ballistic and threatening to vote for a third party,while Billy boy cheered them on. Let the fun begin Very Happy

Posts : 6988

http://www.politico.com/news/stories/0811/60421.html

“We have negotiated with terrorists,” an angry Doyle said, according to sources in the room. “This small group of terrorists have made it impossible to spend any money.”
Biden, driven by his Democratic allies’ misgivings about the debt-limit deal, responded: “They have acted like terrorists,” according to several sources in the room.
………

Earlier in the day, Biden told Senate Democrats that Republican leaders have “guns to their heads” in trying to negotiate deals.

………

Rep. Emanuel Cleaver (D-Mo.) called it a “Satan sandwich,” and Rep. Luis Gutierrez (D-Ill.) called seemed to enjoy the heat analogy, saying: “the Tea Partiers and the GOP have made their slash and burn lunacy clear, and while I do not love this compromise, my vote is a hose to stop the burning. The arsonists must be stopped.

Damn!!!
I wonder what they would say about real terrorists.

Posts : 2141

Yeah. Well I'm sure that this will pass in the Senate. I'm not so sure about the House. IMHO, the GOP should pass this on a strict party line vote, but I know that's not going to happen. So once again, the Democrats will have to step up and do what is necessary to save the economy.

I'm not happy about it, but this is what happens when you allow the lunatic Republican fringe to determine the parameters of the debate. Basically, a small group of extortionists has been able to force the country to consider a solution that nobody really wants.

Hopefully, if it passes, some of the damage can be undone by the "Super Committee" that will decide on the next round of steps needed to reduce the deficit going forward.

This agreement sucks, but we simply can't allow the USA to default. The fact that the "insane clown posse" actually would have welcomed a default is something that the American people are not likely to forget.

Posts : 9728

Scorpion wrote:: Yeah. Well I'm sure that this will pass in the Senate. I'm not so sure about the House. IMHO, the GOP should pass this on a strict party line vote, but I know that's not going to happen. So once again, the Democrats will have to step up and do what is necessary to save the economy.

I'm not happy about it, but this is what happens when you allow the lunatic Republican fringe to determine the parameters of the debate. Basically, a small group of extortionists has been able to force the country to consider a solution that nobody really wants.

Hopefully, if it passes, some of the damage can be undone by the "Super Committee" that will decide on the next round of steps needed to reduce the deficit going forward.

This agreement sucks, but we simply can't allow the USA to default. The fact that the "insane clown posse" actually would have welcomed a default is something that the American people are not likely to forget.

The sad part is that this could have been avoided by tying the debt ceiling raise to extending the Bush tax cuts last December. Instead,Obama got suckered again by the Repubs. He again completely misjudged what lengths these scumbags will go to.

Posts : 6988

Artie60438 wrote:: ... Obama got suckered again by the Repubs.

Yeah, but he seems really happy about it.

http://www.whitehouse.gov/fact-sheet-victory-bipartisan-compromise-economy-american-people

Fact Sheet: Bipartisan Debt Deal: A Win for the Economy and Budget Discipline

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