Posted on 08/02/2011 1:44:38 PM PDT by Nachum
The political leaders of the United States have led the world to an economic abyss before backing off without so much as a quick "sorry". While countries everywhere alternately waited and watched in horror, the US president, the House of Representatives and the Senate toyed with their - and our - economies, finances and futures.
Despite the extremely shaky deal reached last weekend to extend the US debt limit and make spending cuts, the battle is far from over.
There are many in Thailand and elsewhere wondering what happened to President Barack Obama, who promised to end American unilateralism, and to bring the rest of the world in on his decisions. In a major test of his promise, he failed.
The root of the recent US problem is political. But while Mr Obama, the two traditional parties and other factions fought over ideology, they also took the US to the precipice of a major economic cliff. At issue is the unique US "debt limit" - the legal amount of money the US Treasury can borrow and, thus, the amount it can spend. There have been some 75 votes since 1962 to raise the limit. Most went almost unnoticed in the Washington bustle, and none until now has had conditions. A few have featured rancorous debates but none has featured the sort of dangerous brinkmanship as that of the past month.
Simply put, it was a battle between social liberals including Mr Obama and his Democratic Party, against fiscal conservatives including the Republican Party and its new hard right wing known as the Tea Party. Marvellously fixated on a single issue, the roughly six dozen Tea Party members forced major changes to the way legislators have usually approached the need for a new, higher debt limit.
(Excerpt) Read more at bangkokpost.com ...
FUBO is only the front man IMO
He will be once the 12 member politburo is put in place.
When did we become the far right? Why is Constitutional Conservatism considered "hard right?"
Is Obama incharge of US?
For your answer under 140 chrtrs, Tweet into the magic 8-ball: http://twitter.com/#!/whitehouse
Oh boy...here comes the dog pile. As if Americans didn’t have enough hatred to deal with already. Funny, when we hand over billions, nary a word let alone a thank you. Now this?
Only in his wildest dreams. He can’t even control his speeches without a teleprompter.
I was wondering if George Soros or Valerie Jarrett might be running the show?
“....social liberals including Mr Obama and his Democratic Party....”
I am sure they really meant to say “Marxist zealots....” to counterbalance their later slander of fiscally responsible politicians.
Sounds like the LSM in the US better start circling the wagons.
Time to cut off the rest of the world from our “foreign aid.” These turds are no different that our own welfare recipients, except that they have newspapers from which they spew their vitriol against our largesse. I can’t use the word here on FR to adequately express my feelings, but it’s followed by the word YOU!
I’m all for cutting off foreign aid. Our political elites have made Americans slaves to the world. Enough. Oh and I would end it with OFF rather than YOU (bit that’s just me).
Ol' Soros be hanging de Messiah out to dry.
While the EU crisis is mainly one of Greece, Portugal and Ireland; German and France (the deep pockets) have been publicly working on a resolution and on informing the world and trading partners what they are doing.
“When did we become the far right?”
Wanting balanced budgets in the Age of Obama is far, far right-—absolutely!
Anybody who stands in the way of 0 laundering money and building his “stash” is a devil with horns.
“Is Obama incharge of US?”
Nope. Goldman Sachs is.
So you believe that foreigners should tell us how to run our budget, etc, eh?
Attention Third Worlders: The American People are in charge of the U.S.
or, at least, would be if we followed the Constitution.
His bipartisan constituent bosses rule our USA and the world, too.
The Bangkok Post’s English Language addition must have attended a Journalism school in the United States where he learned to speak Modern Liberal English. In this strange dialect, logical paradoxes like “extremist conservative” or “democratic socialist” are not only permissible, they are mandatory, so long as they serve to twist the readers mind in the “correct” direction.
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