Posted on 07/13/2011 4:04:03 AM PDT by tobyhill
The prickly, political back-and-forth over raising the nation’s debt ceiling is demoralizing consumers, analysts suggest, and threatening President’s Barack Obama’s bid for a second term.
Negotiations have yet to produce an agreement to lift the $14.3 trillion debt ceiling and stave off default this August, which the president and his top aides have warned would devastate an already anemic economic recovery.
According to surveys and economists, this harsh reality feeds consumer anxiety, stunting the recovery and — in a boost to Republicans — undermining faith in Obama’s handling of the economy.
Voters have not returned an incumbent party to the Oval Office with the Consumer Confidence Index below 100. Released by the nonprofit Conference Board since 1967, the monthly index dropped 3.2 points to 58.5 in June.
“No doubt, charisma, a leader’s projection of presidential powers, rhetoric and the like will matter, but anyone with a reading much lower than 100 will have a hard time,” warned Lawrence Yun, who has explored the phenomenon as chief economist for the National Association of Realtors.
(Excerpt) Read more at politico.com ...
"This is no time to go wobbly...."
This a.m., 0bama is thanking his moon god for Mitch McConnell. Nothing like a lifeline from a quisling at a critical time.
FUBO
FUMM
Yup! I love to see the Republicans hold his feet to the fire and watch him squirm.
And he IS squirming, too!!
He`s not squirming. He knows he has yesterday`s GOP surrender offer in his hip pocket.
The longer the GOP keeps him away from his golf game the more they will gain.He has played his or else card and has nothing else to offer.
When Democrats start threatening to cut Social Security, they are at the end of their ropes.
Absolutely!
That in itself is a sure sign that he has lost and now is the time to pile on and take him down.
Not bend one inch.
Explain this to me. How can the Senate pass legislation such as it is assumed Lott has suggested without the consent of the House? How can the Senate tell the House the votes needed are 1/3 of it’s members rather then 1/2 + 1?
What I am seeing on this board (again) is the willingness of many members who, although loudly proclaiming the distortion and lies spread by the lib media, will latch onto and believe with all their hearts anything, ANYTHING which is reported and is as negative as is this story.
If the Republican party were only willing to use some of the same tactics the Democrats never hesitate to use.
I envision a commercial, showing some young woman (with a donkey silhouette on her shirt, to drive home the point) whose apartment is crammed with shopping bags on the sofa, more clothes than can be crammed into the closet, shoeboxes piled ceiling high just outside the closet, and credit card bills spread across the table, along with her checkbook showing a balance of about $50. She’s on the phone with her dad (whose tie clip is an elephant), begging him to let her have another credit card.
“But, Daddy!” she says. “I can’t even make minimum payment on all these cards! I need another card so I can use it to make these payments!”
“Sorry, sweety,” the father says. “Stop going on shopping sprees, and we’ll discuss how you can start paying off your debt. But we’re not raising your debt limit.”
I fired off my e mails yesterday to my rep and senator (Rubio, I did not bother with in the tank Nelson). My comment was we got this guy on the ropes now, say no to whatever he proposes, hold the line, no debt increase.
Probably won’t work but it did not cost me anything to send except time.
In the letter to my rep I added, if you cave in on this, be prepared for a very difficult tea party fight in the primary as we have a candidate set to go up against you. (our district is 70% GOP and the Tea Party is extremely active).
That's right! Show the same resolve you did when you shoved obamacare down our throats!
Remember GOP is the stupid party. They would never come up with a creative commerical like that.
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