Posted on 07/13/2011 5:01:37 PM PDT by The Magical Mischief Tour
The Petulant Teleprompter: Obama "Abruptly" Walks Out Of Debt Negotiations
Update: OBAMA: "THIS MAY BRING MY PRESIDENCY DOWN BUT I WILL NOT YIELD ON THIS" -- REPUBLICAN AIDE; Perhaps Obama may want to put the country ahead of his own interests this one time...
Here is the relevant section in the 14th Amendment that the Constitutional scholar is likely about to invoke. The bolded section is what is largely being ignored.
The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. Odd how the debt inccured for payment of pensions is being nicely trampled to make way for debt incurred for payment of Federal worker bonuses...
Orignal:
So far the Moody's threat is having precisely zero impact on the debt ceiling farce, with just 8 days left until July 22. But the latest development is certain to jar both S&P and Fitch, not to mention Dagong, out of hibernation. Reuters reports that President Barack Obama abruptly ended a tense budget meeting on Wednesday with Republican leaders by walking out of the room, a Republican aide familiar with the talks said. The aide said the session, the fourth in a row, was the most tense of the week as House of Representatives Speaker John Boehner, the top Republican in Congress, dismissed spending cuts offered by the White House as "gimmicks and accounting tricks." Either Congress has become the best orchestrated reality TV show in history or, and this is a big or, the market should really consider panicking soon.
Some additional color:
Cantor relayed this quote: "Eric, don't call my bluff," Obama said. "I'm going to take this to the American people." More Cantor: Obama said that the group has until Friday to figure out "which way we're going." They'll meet tomorrow. Odd. Last time we checked far more Americans didn't want a debt ceiling hike than did:
Overall, voters oppose raising the debt ceiling by a strong 45 percent to 32 percent margin, with the remainder undecided.
But the real eye-opener in the poll is the stiff Republican and swing-voter opposition to a deal. Sixty-seven percent of GOP voters and 51 percent of independents think raising the debt ceiling is a bad idea.
Democratic voters, by comparison favored raising the debt ceiling by a 44 to 21 percent margin. Interestingly, 35 percent of Democrats say they are either undecided on the question, or don’t know enough to have an opinion. Perhaps Obama believes GM union members are a representative segment of the broad US population...
From Obama’s mouth to Allah’s ear.
BRING DOWN HIS PRESIDENCY.
Understated and overhyped promise!
Silly Obama, his presidency was going down in flames long before this...
Cantor is also fighting for his political life.
And he isn’t the only one.
http://www.kansascity.com/2011/07/13/3012656/cantors-role-in-debt-talks-could.html
Tis a consummation devoutly to be wished.
Didn’t he even threaten to incite mob violence against the Repubs, like he did the auto execs?
“I’m the only reason you’re all still alive.”
Bring him down!!!
Hope and change!
His Presidency is a farce at best he’s a totally useless piece of shxt as are all liberals, progressives, socialists, marxists or whatever they try to call themselves now.
it;s not really flying that high zer0, other than the bitter ex air america crowd and the kos kiddies, you have pretty much... “sh!t the bed” kiddo
GOOD NEWS!!!!!!
BRING DOWN THE OBAMA WHITE HUT RESIDENCY!
CELEBRATE!
” I will not yield? “ Who in hell does he think he is. AMERICA SAYS “YIELD!”
KING OBAMA FOR ALL TO SEE.
Throw the treasonous , fascist , petulant child SOB out.
Allowing the USA to default is madness. Everyone involved needs to put the country first but I have no faith that will occur.
We are a nation of morons lead by fools and its coming back to bite everyone in the ass..
Obama is stupid, but not that stupid. If worst comes to worst and Republicans send Obama a clean debt ceiling raise, there’s not a snowball’s chance that Obama would veto it and send the country into default. The Democrats and especially Obama would be in the voter dog house for 20 years.
Which was the point of McConnell’s plan yesterday, which is just a complicated way to raise the debt ceiling with no string attached.
I beg your pardon, did Mr. Durden say this was going to bring Dagon out of hibernation?
This man will fight to his last breath to bankrupt the US
Before or after Obama stops cutting checks for the elderly and infirm?
Then the House needs to pass a short term bill with equal cuts then let Obama and Reid take it or leave it.
Take that to the American People.
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