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Obama to make statement on economy Friday [showdown with congressional Republicans over....]
Yahoo ^

Posted on 11/08/2012 5:04:05 PM PST by Sub-Driver

Obama to make statement on economy Friday By Mark Felsenthal | Reuters – 48 mins ago

WASHINGTON (Reuters) - Newly re-elected President Barack Obama will make a statement on the economy on Friday, the White House said, setting the stage for a showdown with congressional Republicans over contentious tax and spending issues.

The president is likely to discuss looming tax increases and government spending cuts - the so-called fiscal cliff - that would go into effect early next year unless Congress acts to prevent them. He is due to make the statement from the East Room of the White House at 1:05 p.m. (1805 GMT).

Obama, who defeated Republican challenger Mitt Romney on Tuesday in a race in which the two candidates offered different visions for jump-starting the sluggish economy, is not expected to put forward a new or specific plan.

Instead, he is more likely to urge Congress to tackle the fiscal cliff and try to cut the massive U.S. budget deficit. Analysts have said that if left unaddressed, the abrupt fiscal tightening would knock the economy back into recession.

Congressional Republicans have already begun to stake out their position on ways to spare the already modest economic recovery from a fiscal shock. House of Representatives Speaker John Boehner is scheduled to hold a news conference earlier on Friday.

The president's advisers told reporters earlier on Thursday that dealing with the fiscal cliff would be an immediate priority. The administration sees Obama's re-election an endorsement of his position that affluent Americans should see their taxes rise, they said.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: commie; fubo
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Burned that bridge.....
1 posted on 11/08/2012 5:04:13 PM PST by Sub-Driver
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To: Sub-Driver

big effing deal


2 posted on 11/08/2012 5:05:29 PM PST by yldstrk (My heroes have always been cowboys)
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To: Sub-Driver
Boehner already has his knee-pads on.

What money is he going to take from Earners to hand out to blacks, Hispanics, Green Cronies, and Union thugs this time?

3 posted on 11/08/2012 5:06:57 PM PST by traditional1 (Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: Sub-Driver

Is he making this statement on The View, Letterman, or Vegas?


4 posted on 11/08/2012 5:07:31 PM PST by Toespi
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To: Sub-Driver

Did Benghazi never happen? By the way, will our flag be strangely absent just like it was in the beginning of his first term?


5 posted on 11/08/2012 5:07:42 PM PST by Obama_Is_Sabotaging_America
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To: Sub-Driver

“I fart in your general direction”


6 posted on 11/08/2012 5:07:53 PM PST by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: Sub-Driver
The administration sees Obama's re-election an endorsement of his position that affluent Americans should see their taxes rise, they said.

No cuts...no real solutions to the deficit. Just more spending and wealth distribution. It's worked so well In California (rolling eyes). After all...we're just one more tax increase away from a good economy...puke

7 posted on 11/08/2012 5:08:21 PM PST by BookmanTheJanitor
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To: Sub-Driver

Boehner cannot wait to accommodate.


8 posted on 11/08/2012 5:09:20 PM PST by Diogenesis (Vi veri veniversum vivus vici)
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To: Sub-Driver

Kudlow said the Boener would take questions but the president would not.


9 posted on 11/08/2012 5:10:03 PM PST by Rusty0604
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To: traditional1

He’s going to shove the ‘redistribution mandate’ down our throats.


10 posted on 11/08/2012 5:10:19 PM PST by Obama_Is_Sabotaging_America
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To: Sub-Driver

I can just see it now:

My Fellow Americans, a couple years ago I made a deal with The House and Senate Republicans to Spend Wildly like a Drunken Muslim and Leave your children holding the nill, in return for spending cuts and tax increase to balance the budget, and these peopl now are telling me I can’t break the Promise I made, well Folks I won and they Lost and whatever I said before, forget about it. These stupid republicans were dumb enough to make a deal with me in the first place, so me breaking the deal is just my way of rubbing their nose in it. Remember folks When a Democrat give his word, that’s all it is, is a word.


11 posted on 11/08/2012 5:11:09 PM PST by eyeamok
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To: Sub-Driver

What...not a “major speech”?

DId they finally give up on that?


12 posted on 11/08/2012 5:11:23 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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To: Sub-Driver

Obama is the enemy, not Boehner. I hope we remember that.


13 posted on 11/08/2012 5:11:48 PM PST by SoFloFreeper
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To: Sub-Driver

Every day there is a new outrage from this lying communist bastard. Today it is the Iranian air force firing on an American drone on Nov 1 - news withheld prior to the election. Tomorrow the criminal treasonous thug is going to announce our taxes are going to skyrocket. Saturday will be another outrage. I am so sick of this. It is really disheartening.


14 posted on 11/08/2012 5:12:21 PM PST by FlyingEagle
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To: Sub-Driver

If Boner had any ‘nads here’s what the strategy should be:
Let the sequestration take place and the tax cuts expire for EVERYONE. Adjourn the House for a month to let all of tha sink in. Market crashes, the moochers checks stop coming, defense contrators lay off 100’s of thousands and all of that. Then in the spirit of bipartenship agree to a special tax rate for all of those earning over 1 million of 70%, no loopholes. My bet is that it sure would smoke out the hypocritcal leftists in Hollywood, Wall Street and Congress. Sure would be fun to watch.


15 posted on 11/08/2012 5:12:57 PM PST by technically right
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To: Obama_Is_Sabotaging_America
"He’s going to shove the ‘redistribution mandate’ down our throats."

Again?

16 posted on 11/08/2012 5:13:07 PM PST by traditional1 (Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: Sub-Driver

“Republicans will take away your phones”


17 posted on 11/08/2012 5:14:41 PM PST by mdittmar
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To: Sub-Driver

First no way he’s on time. Forget 1:05 PM. Statement only it appears, The One is above questioning. Expect full fu mode including middle finger.


18 posted on 11/08/2012 5:15:05 PM PST by John W (Viva Cristo Rey!)
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To: Sub-Driver
“The administration sees Obama’s re-election an endorsement of his position that affluent Americans should see their taxes rise, they said.”

Congress doesn't need to do a thing to make that happen.

19 posted on 11/08/2012 5:15:59 PM PST by tobyhill
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To: Sub-Driver

Thanks for the heads-up. I’ll be sure to miss it.


20 posted on 11/08/2012 5:17:42 PM PST by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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To: Sub-Driver

I think that Sarah Palin could strike a decisive blow if she were to give the unofficial Republican rebuttal first. Basically point out the Democrats utter fiscal irresponsibility, broken promises, threats, etc.

Harry Reid refusing to allow the senate to even hold budget hearings for four years, demanding that the Republicans pass endless continuing resolutions using the last W. Bush budget. Mr. President, are you going to order Harry Reid to stand aside so that congress can finally make a budget for you? That’s their job, you know, and only your man has stopped it from happening for four years.

The bottom line is that she can really tear Obama a new one, making his promises, threats, blame throwing, etc., sound stupid and patronizing. She could probably get a solid hour on FOX to do this and it would blow Obama’s schemes out of the water.


21 posted on 11/08/2012 5:18:00 PM PST by yefragetuwrabrumuy (DIY Bumper Sticker: "THREE TIMES,/ DEMOCRATS/ REJECTED GOD")
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To: Sub-Driver

Uh ummm as of today um as your president given the umm current state of um fiscal emergency we find ourselves in umm I hereby issue executive order number xxxxx which nationalizes all energy companies and reallocates all below water table sources of energy from evil private land owners to the public. All food, medical product, and firms practicing medicine are hereby made subject to direct management by HHS. And just for grins we are taking Rush Limbaughs broadcast booth and oh yes his humidor. You may now praise me with the accordance due my exalted position...ahem


22 posted on 11/08/2012 5:18:09 PM PST by reed13k (For evil to triumph it is only necessary for good men to do nothing.)
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To: Sub-Driver
He promises cooperation and bipartisan spirit and issues this garbage... Krauthammer was right... “We heard all this before... he then called the republicans to the White House and said: “I won... you can sit in the back and watch”.”

LLS

23 posted on 11/08/2012 5:18:23 PM PST by LibLieSlayer (I AM JOHN GALT)
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To: Sub-Driver

He’s taking over the oil, banking, and casual footwear industries?


24 posted on 11/08/2012 5:19:31 PM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Sub-Driver

I won’t watch or listen.

Nothing from the Marxist I want to hear.


25 posted on 11/08/2012 5:20:20 PM PST by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: Sub-Driver

Boner still has to get the republican congress to go along with him, Boner should threaten a government shutdown - what else has he got left ?


26 posted on 11/08/2012 5:21:52 PM PST by PMAS (All that is necessary for the triumph of evil is that good men do nothing)
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To: Obama_Is_Sabotaging_America
"By the way, will our flag be strangely absent just like it was in the beginning of his first term?"

It'll be interesting to see if he bothers to wear a flag pin anymore since he's set for another four years. Remember early in his first campaign where he was questioned about not wearing a flag pin, and his response was: "I decided I won’t wear that pin on my chest.”

27 posted on 11/08/2012 5:22:10 PM PST by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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To: Sub-Driver

Make a statement and bug out of town to Burma next week. What an asshat.


28 posted on 11/08/2012 5:23:42 PM PST by lodi90
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To: Sub-Driver
is not expected to put forward a new or specific plan.

...so he's calling it in, nothing new, typical Odungo

29 posted on 11/08/2012 5:26:02 PM PST by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: onyx

Sub-driver: why so negative? He has performed miracles!

http://confoundedinterest.wordpress.com/2012/11/08/vampires-werewolves-and-the-post-election-market-reaction/


30 posted on 11/08/2012 5:26:33 PM PST by whitedog57
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To: BookmanTheJanitor

[ The administration sees Obama’s re-election an endorsement of his position that affluent Americans should see their taxes rise, they said. ]

The GOP House needs to say that they see their re-election as an endorsement of their position that higher taxes on business owners will only kill jobs, then tell Obama to go pound sand.


31 posted on 11/08/2012 5:27:09 PM PST by KansasGirl ("If you have a business, you didn't build that. Somebody else made that happen."--B. Hussein Obama)
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To: BookmanTheJanitor

[ The administration sees Obama’s re-election an endorsement of his position that affluent Americans should see their taxes rise, they said. ]

The GOP House needs to say that they see their re-election as an endorsement of their position that higher taxes on business owners will only kill jobs, then tell Obama to go pound sand.


32 posted on 11/08/2012 5:27:09 PM PST by KansasGirl ("If you have a business, you didn't build that. Somebody else made that happen."--B. Hussein Obama)
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To: SoFloFreeper

You make a good point. Always demonizing our side only helps the other side. We do that all the time. We give the left what they need to ruin us.

I dislike Boehner, but Obama is the real problem.


33 posted on 11/08/2012 5:27:25 PM PST by dforest
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To: BookmanTheJanitor

Don’t forget the increased regulations and bankruptcy of the energy industry.


34 posted on 11/08/2012 5:27:45 PM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: Sub-Driver

I guess not many are motivated here but I called my congressman who I think is RINO (just moved here) and let the staffer have it about Boehner (how he should go) and how I’m not giving up and how pathetic it was about how willing Boehner was to raise taxes. Of course, just silence and nothing from the other end.

It is one thing we can do, be a little crafty, maybe just to demoralize a staffer that their worthless RINO boss is part of the problem - worse than Obama - as someone said earlier here. Let that sink in.


35 posted on 11/08/2012 5:29:01 PM PST by RushingWater
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To: Sub-Driver

F him. I hope a comet strikes DC.


36 posted on 11/08/2012 5:29:16 PM PST by ohioman
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To: Sub-Driver

Modest recovery? Yeah right.


37 posted on 11/08/2012 5:31:44 PM PST by linn37 (Newt supporter here.)
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To: Sub-Driver

Indeed he did.

Beck can blow his money. Me.. I’ve gone Galt.

Making just enough to get by and put a little away.

I ran the numbers, I can stay in the bottom tax bracket and be a 47%er. Pay none in, get none back.

If I really wanted to I could cut back so far as to get the EITC and get some of your money back.

I am happy to just cut off the 5,000-10,000 the beast use to get from me.

I’ll still live well. I’ll trade my services for what I want.

I suspect the barter and black markets will start to grow once Zero gets all his tax hikes in.


38 posted on 11/08/2012 5:32:54 PM PST by cableguymn (The founding fathers would be shooting by now..)
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To: Sub-Driver
Let the prick have it..let him run the country into the ground ...let the people that voted for him suffer
39 posted on 11/08/2012 5:33:14 PM PST by tophat9000 (American is Barack Oaken)
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To: mass55th

I’ll watch for it. This talk of a new bipartisanship is bullcrap. That fallacy will last about a week then 0bama will go FULL-ON DICTATOR. He’s about to double-down hot and heavy and the GOP will be powerless against 0bama’s ‘mandate’ myth. The media will continue to whore themselves for the black man so as not to appear ‘racist’. That phenomenon alone has killed America. 0bama isn’t treated equal to anyone; No one could get away with what he’s done.


40 posted on 11/08/2012 5:33:25 PM PST by Obama_Is_Sabotaging_America
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To: Doogle

he’s calling it in, nothing new, typical Odungo


Yep, Barry is mailing it in and that gives an opening to the GOP.

But it appears the GOP is going to double down on fake bipartisanship and give the dims a gift. With the GOP shell shocked and on the run Amnesty will be the centerpiece of the kenyan’s SOTU speech. BOHICA.


41 posted on 11/08/2012 5:35:02 PM PST by lodi90
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To: SoFloFreeper

They both are.

Bonehead is a Rino..


42 posted on 11/08/2012 5:35:21 PM PST by cableguymn (The founding fathers would be shooting by now..)
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To: technically right

Well, Boehner’s strategy might just be that, but he to talk compromise publicly.

Boehner cannot agree to a lame duck deal except to extend whatever into Jan or Feb; he’ll have more leverage when BO needs his debt limit increase.

We’re in unchartered waters. There is much to criticize w the House leadership, but a lot of their decisions were in the context of protecting their ultimate presidential nominee. They don’t have that burden anymore, and the economy is weakening by the day. This hurts BO and the RATS, not the GOP.


43 posted on 11/08/2012 5:36:12 PM PST by mwl8787
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To: ohioman

I almost want this sucka (US Economy) to go down. That’ll teach them.

If it does, that’ll be the end of the Dems.

We could then rise from the ashes and get it going again.

Am I on to something?


44 posted on 11/08/2012 5:36:38 PM PST by LiveFreeOrDie2001 (I'm PISSED!)
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To: SoFloFreeper

>Obama is the enemy, not Boehner.

If boner does not intelligently and covertly insure that the democrats fail then he will be the enemy.

The economy needs to flame out and bad things need to happen or they will slide back in. It might even fire up some missing brain cells of the morons that did not vote against the democrats.


45 posted on 11/08/2012 5:36:50 PM PST by soycd
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To: yldstrk

I’m tired of the fake ‘red lines’ repubs set. I don’t believe they will put their foot down. It’s such a waste of my energy to hope and believe things will change when all they do is do a bunch of talking like they are truly concerned about the state of our country...then allow the dems to use loop holes to do whatever they want.

Its Just bunch of shenanigans or ......ahem...mularkey.


46 posted on 11/08/2012 5:37:37 PM PST by HollyB
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To: SoFloFreeper

they both are as far as I can tell


47 posted on 11/08/2012 5:37:41 PM PST by yldstrk (My heroes have always been cowboys)
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To: Sub-Driver

I think republicans should give trhe pres what he wants- let him run this country right into the ground- the peopel voted for poverty and attrociously high taxes, let htem have it- give htem what htey want- Let businesses fire 1/2 their staff due to costs- this way the republicans can rightly claim they gave the president every chance to improve the economy and he squandered that chance by ruining this country with high taxes- Give htem the financial chaos they so eagerly desire and voted for-


48 posted on 11/08/2012 5:37:58 PM PST by CottShop (Scientific belief does not constitute scientific evidence, nor does it convey scientific knowledge)
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To: yefragetuwrabrumuy
I think that Sarah Palin could strike a decisive blow if she were to...

Run as Speaker of the House in January. No republican speaker should mouth the words "0bamacare is the law of the land". If not Palin, then Bachmann... or West...

49 posted on 11/08/2012 5:38:07 PM PST by C210N ("ask not what the candidate can do for you, ask what you can do for the candidate" (Breitbart, 2012))
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To: Sub-Driver

Lemme guess...

I won, you lost.

Then off to play golf.


50 posted on 11/08/2012 5:38:28 PM PST by R0CK3T
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