Now GOP Leaders Are Claiming That Pres. Obama "Went Beserk" During Yesterday's Debt Ceiling Negotiation Talks.
I Don't Believe It. Frustrated Yes. "Beserk"? NO!
Since Pres. Obama's Bid For The Oval Office & His Election, GOP Leaders Have Desperately Tried To Crack His Calm Veneer.
For 2 1/2 Years They've Been Itching To Portray Him As An Out-Of-Control, Radical, "Angry Black Man".
Well After Yesterday's Debt Ceiling Talks GOP Congressman Eric Cantor ("Tea Party King") Falsely Proclaimed Pres. Obama Lost His Temper, Basically Went Beserk & Than Left The Room.
Baloney Cantor! We Don't Believe You!
Boy I Bet Obama Regrets He EVER Went Out Of His Way Attempting To Appease These Idiots!
Please Allow Me To Ask This Important Question:
Why In The World Would Anyone On Capitol Hill In Their Right Minds Try To Intentionally Crash & Sink The ENTIRE Unites States Economy Just To Run A Man Who Happens To Be BLACK, Out Of Public Office?
When Pres. George W. Bush Was In Office NOT One Member Of Congress Ever Said A Thing About Balanced Budget Amendments, Spending Cuts, Entitlements, The War In Iraq & Afghanistan!
Including Racist, Fake "Christian" Michelle Bachmann ("Tea Party Queen").
Instead Like Obedient Children & Lambs Being Led To The Slaughterhouse, They Just Continued To Raise The Debt Ceiling Each Time Bush Asked Or Demanded.
In Fact NOT Only Did GOP Leaders Vote To Raise The Debt Ceiling Limit 19 Times Under George W. Bush's Southern Conservative Reign, But Strangely Enough GOP Leaders RARELY Challenged Or Spoke Out Against George W. Bush's Policies.
It Is Perhaps Because George W. Bush Was WHITE?
Let's See George W. Bush Did Whatever He Wanted, Yet NO GOP Leaders On Capitol Hill Including Racist, Fake "Christian" Michelle Bachmann ("Tea Party Queen"), EVER Mentioned Nary A Word.
Since George W. Bush's Policies & Tax Cuts To Protect The Rich Were Far From Perfect, Then Is It Safe To Conclude That He Was NEVER Challenged Due To Him Being A WHITE Man?
YES!
If Anyone Thinks I'm Exaggerating Then Will Someone Please Show Me Just ONE Account Of GOP Leaders On Capitol Hill & Republican Governors Openly Defying George W. Bush Or Speaking Out Against Him?
And Show Me Just ONE Account Of Congressional Leaders Attempting To Hold The Debt Ceiling Hostage While George W. Bush Was In Office.
Just ONE Account?
What's That I Hear?
Crickets?
I Thought So!
So Is It Safe To Say Congress Allowed Bush To Do Whatever He Wanted Without Drama ONLY Because He Was WHITE?
YES!
However Suddenly.....
When A BLACK Man Is Elected President, GOP Congressional Leaders Begin To Care About Federal Deficits, Balanced Budget Amendments, Spending Cuts, Entitlements, The War In Iraq & Afghanistan, etc.,
Such HYPOCRISY!!!
What I'm About To Say Next May Seem Appalling & Sound Cruel, However I'm Going To Say It Anyway.
If The GOP Leaders On Capitol Hill, Including Racist, Fake "Christian" Michelle Bachmann ("Tea Party Queen") & Her Frequent Inferior References To SLAVERY, Thinks That GOD Almighty Himself isn't Watching How They Have Mistreated Pres. Obama Since His Election, ONLY Due To The Color Of His Skin NOT His Policies As They Have Pretended, Then It Should Come As No Surprise When ALL Of Them Reap What They Have Sown For Intentionally Mistreating Another Human Being.
A Black Human Being Made In The Image Of God!
By The Way God Is NOT White, Nor Black.
He's GOD!
Attention All White, Hateful, Racist People Who Hate Pres. Obama!
You WILL Reap What You Have Sown.
Just As ALL White, Hateful, Racist Slave Owners Did During The Civil War.
God Almighty Is NOT Racist!
God Almighty Is NOT Stupid!
Instead God Sees Everything & He Says That Vengeance Is Mine. He SHALL Repay!
Shame On AmeriKKKa!
Tensions Escalate as Stakes Grow in Fiscal Clash
The Federal Reserve chairman, Ben S. Bernanke, warned on Wednesday of a “huge financial calamity” if President Obama and the Republicans cannot agree on a budget deal that allows the federal debt ceiling to be increased. Moody’s, the ratings agency, threatened a credit downgrade, citing a “rising possibility” that no deal would be reached before the government’s borrowing authority hits its limit on Aug. 2.
And the latest bipartisan negotiating session on Wednesday evening ended in heightened tension. Republicans said Mr. Obama had abruptly walked out in an agitated state; Democrats described the president as having summed up with an impassioned case for action before bringing the meeting to a close and leaving.
Across Washington, officials were weighed down with a sense that they were hurtling toward a crisis. Grim-faced lawmakers spent the day shuttling from meeting to meeting in search of a way out of the fix.
The stakes are high, for the economy, the financial markets and both parties. But the pressure was particularly intense on Republican leaders, who only weeks ago seemed to be on the offensive and in a strong position to extract major concessions from Mr. Obama and the Democrats.
For months, the Republican leaders have emphatically pledged that there will be no increase in the federal debt ceiling absent huge cuts in government spending and fundamental changes in popular social programs, all without the whiff of a tax increase.
Now, with negotiations stalled and a potential default by the United States government just over the horizon, they are being held to those promises by their own rank-and-file, leaving them in a bind that is defying easy resolution and putting them at risk of being blamed if things end badly.
Behind closed doors and by phone, they groped for a solution and struggled to assert some kind of control over the situation as rank-and-file Republican members, especially in the House, grew more confrontational.
Panic had not yet set in, but the worry and tension were evident as seasoned lawmakers of both parties whose experience told them that Congress always finds a white-knuckle way to avert disaster wondered if this was going to be the time when it did not.
“Our problem is, we made a big deal about this for three months,” said Senator Lindsey Graham, Republican of South Carolina.
“How many Republicans have been on TV saying, ‘I am not going to raise the debt limit,’ ” said Mr. Graham, including himself in the mix of those who did so. “We have no one to blame but ourselves.”
The House Democratic leader, Nancy Pelosi, said Thursday that President Obama had shown great patience in the negotiations and listened respectfully to everyone.
“The president has more patience than Job,’’ Ms. Pelosi said. “I don’t compete with him in that regard.’’
While the president still wants “a grand bargain,’’ Ms. Pelosi said, “it’s time to freeze the design’’ of legislation and codify areas of agreement. “Let’s get on with writing the bill,’’ she said.
Ms. Pelosi said it might take a sharp drop in the stock market to galvanize Republicans to lift the debt ceiling.
“I don’t need to see markets drop 400 points,’’ Ms. Pelosi said. “But Republicans may need to see markets drop 400 points.’’
Potential last-minute options were being gamed out around Capitol Hill. Senate Republicans were pushing their counterparts in the House to deliver some legislation, which could take the form of a balanced budget plan due on the House floor next week. A bipartisan group that had been working on a major deficit-cutting plan in the Senate was trying again to produce a proposal.
And Senator Mitch McConnell of Kentucky, the Republican leader and procedural maestro, was pushing his plan that would allow a debt limit increase to clear Congress without Republican fingerprints — and without the guaranteed cuts many in his party are demanding. He would establish an elaborate process where Congress would vote to disapprove instead of approve a debt limit request. That would allow the president to raise the debt ceiling via a successful veto of the disapproval if it came to that.
Despite resistance from conservatives and the initial unease many lawmakers expressed at such a slippery approach, the McConnell gambit was gaining credence as the best escape hatch. Senate Democrats went virtually silent on the idea for fear of jinxing it. While the White House said it was not the preferable option, it was viewed inside the West Wing as a real option nonetheless, even if it would transfer to Mr. Obama and his party all the political responsibility for a debt limit increase.
Some of Mr. McConnell’s colleagues were coming around to it as the reality of a possible default began to sink in.
“I strongly support Senator McConnell’s efforts to avoid a default on our nation’s debt, and the last-case emergency proposal he outlined yesterday to ensure that Republicans aren’t unduly blamed for failure to raise the debt ceiling,” said Senator John McCain, Republican of Arizona.
But with House Republicans showing little to no appetite for Mr. McConnell’s plan, top lawmakers in both parties were looking for ways to sweeten the deal, perhaps by adding required spending cuts or somehow forcing consideration of a deficit-reduction package. Mr. McConnell portrayed his proposal as a last-stand way to spare Republicans from being blamed for a default if no alternative plan could be approved.
Recounting how the 1995 government shutdown helped President Bill Clinton win re-election the following year, Mr. McConnell said any impasse that drove down the nation’s credit rating and led to government checks being delayed could have the same result for Mr. Obama.
“He will say Republicans are making the economy worse,” Mr. McConnell said in an interview with the conservative radio host Laura Ingraham. “It is an argument that he could have a good chance of winning, and all of the sudden we have co-ownership of the economy. That is a very bad position going into the election.”
After the meeting at the White House, Republicans and Democrats offered differing versions of what by all accounts was a tense session.
Representative Eric Cantor of Virginia, the House majority leader, said he raised the idea of taking what savings could be achieved now — roughly $1.4 trillion — and then having additional votes to raise the debt limit again before the elections in November 2012, with Republicans ultimately seeking a total of at least $2.4 trillion in cuts with no tax increases.
At this, Mr. Cantor said, the president “got very agitated, seemingly.” Mr. Cantor quoted the president as saying: “Eric, don’t call my bluff. I’m going to the American people with this.”
Then, Mr. Cantor said, “He shoved back and said, ‘I’ll see you tomorrow’ and walked out.”
“I was a little taken aback,” Mr. Cantor added.
Democrats said that Mr. Obama’s departure was not abrupt, but that he had forcefully made a case that Republicans had been unwilling to compromise. “Enough’s enough,” one Democrat familiar with the talks quoted Mr. Obama as saying.
Democrats said Mr. Obama had set a deadline of Friday for the two sides to determine whether they could reach a broad budget deal. If not, he said, they will turn to finding an accord over how to raise the debt limit without agreement on taxes and spending.
In Asia, Moody's threat to downgrade the United States' credit rating dragged down the U.S. dollar. The dollar was set for its steepest two-day loss against the euro in five weeks, Bloomberg reported, declining 0.3 percent in Tokyo by mid-afternoon Thursday, and hit a fresh four-month low against the yen.
Investors also rushed to buy assets seen as safer, like gold, which hit a record high on Thursday at over $1,589 an ounce.
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Sources: AP, CNN, NY Times, Think Progress, Google Maps
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