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 ...
The dims are going to try to get a deal that ties the GOP to the coming obamacare deep recession. The GOP is in disarray right now. It would be foolish to make a deal now with the heat of the election still on us.
You got it. I want somebody as a House Leader who will fight for working Americans and not somebody who will just kick the can down the road and then go work on his golf game.
exactly. Just ignore Zero and his pleas. vote the bill down and let government grind to a halt.
Only the takers will notice any negative impact.
My real belief is that all the Bush Tax rates will expire and sequestration will happen when this is all said and done. Obama is now just angling to make it the GOP’s fault so, when the recession hits, the public will throw the GOP out of the house. That’s the plan. No doubt about it.
More likely, Boehner will court Democrat votes for any deal along with the more liberal GOP reps so he won't need the conservatives. I don't think we can count on Boehner to hold the line or threaten a government shutdown. He wants a deal that gives him a little face saving fig leaf, Obama will get most of what he wants and then Boehner will be reelected as Speaker in January and the dance will go on.
That is a very good idea, especially if it is Allen West, who would most certainly liven things up in the house. I truly hope this idea circulates amount the Tea Party congressmen.
You want to “remember that”, you go right ahead! Boehner IS the enemy as well! He's indicated ObamaCare is the law of the land! He's shutdown the aspirations of the young guns we sent their in 2010!
Sorry, but Mark Levin is absolutely right: “Boehner has to go!”
Bite your tongue. I can’t take much more.
BS. First, Obama is our enemy, at least get that part straight. Second, Bohner has to say one thing and do another to get this done properly. So don't start whining about it because you don't seem to realize that Obama can easily assert some sort of executive power and unilaterally change the budget..
Why? Obama will have a poll with 75% of Americans and 99% of the media supporting him. You are nothing but a couple of kilobytes on the internet and can do nothing to stop it.
The desired process and outcome is very simple. We need a Bohner to profess willingness to look at serious offers. None will come before the cliff. Then the CEOs of all the major defense companies call their Senators (not House members) and tell them to cut a deal with Bohner who will hold the cards.
wrong, see my previous post.
Wrong see my previous post.
Atlas is shrugging and I’m positioning myself to go Galt.
Fredrick the Great said the art of war is starving your enemy to death. All we need to do is show the same work ethic that they do. They will soon know the meaning of hunger.
Wrong. Weepy Boehner is indeed our enemy. He needs to be utterly destroyed.
Showdown with who?
The GOP already signalled surrender
I’ve tried for a hour to leave a comment on John Boehner’s website to STEP UP or STEP DOWN! It is freezing up so I am hoping that zillions of Pubbies are leaving him their sentiments!
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