Posted on 08/04/2011 12:08:23 PM PDT by mdittmar
(Reuters) - Emboldened by concessions wrung from their own leadership and President Barack Obama during the debt limit fight, Tea Party-affiliated lawmakers will likely remain a driving force in the Republican Party -- and possibly induce gridlock until the 2012 elections.
The several dozen fiscally conservative, small-government members in the House of Representatives played a significant role in forcing John Boehner, the Republican House Speaker, to abandon efforts to forge a bipartisan "grand bargain" debt limit deal with Obama because it contained revenue increases -- and their clout will continue, analysts say.
The struggle to avert a catastrophic default ended August 2 when a deal to raise the debt limit was finally struck and signed into law by Obama.
The fight over the debt ceiling exposed a fundamental rift inside the Republican Party between the Tea Party movement newcomers, many of whom believed a debt default was actually needed to get America's spending under control, and traditionalists such as Boehner who said a deal had to be struck to increase the United States' borrowing authority.
(Excerpt) Read more at reuters.com ...
“The struggle to avert a catastrophic default”
There was no such struggle. You made it up.
Reuters.
Purveyors of massive fail.
I gain great pleasure watching “journalists” try to explain something other than “Dick and Jane sent up the hill.”
“Ah,just to get you up to speed reuters,Republican leaders have been facing a backlash for sometime now,as well as Democrat leaders,we don’t discriminate”
Yeah, funny isn’t it, how they worry over the popularity of a subgroup within a body that manages a mere 14% approval rating.
Reuters:
For all your “unexpectedly” needs.
Ask for it by name.
Accept no substitutes.
“...many of whom believed a debt default was actually needed to get America’s spending under control,...”
Complete lie! Nobody thought a default was necessary - at least nobody I know. We thought a default wouldn’t happen - that it was a lie that a fault would occur if no deal by Aug. 2nd.
Who cares what they have to say?
Today's stock market--that is, the Obama "rally"--is telling us what was catastrophic, and that is no doing of the Tea Parties.
America has been systematically defaulting on her debts since FDR. To honor your debts--obligations--you return value for value received. Systematically devaluing your currency in adopting the Economics Of A Sociopath (Keynes), makes it impossible to honor your debts.
The fact is that the Dollar has been reduced in value to little over that of a penny in the America that was, before FDR. But now, we have an even more insidious President--a man who has repeatedly demonstrated his hatred from America & her proud traditions--and we are accelerating towards chaos. (See Gold & Money In America, II.)
The Tea Partiers, to their credit, at least tried to turn the tide. We should all do likewise.
William Flax
Although it can be said that all the mainstream media (newpapers,television) are part of the Dark Side, Reuters is the darkest.
Backlash from who? People who don’t want to spend within their means? Reuters and all the rest of the Lib media write these stories from a template that has nothing to do with reality. The Tea Party is “extreme” and risks a “backlash.” What is so extreme about wanting to live within our means? Especially after spending has gone up 33% over 3 years and doubled over the last decade? What is so extreme about saying we need to cut spending by 10%? Or 20%? If that is extreme we are doomed. The Tea Party is the most rational, adult group in the room right now.
GOP ignores Tea Partiers guarantees backlash.
The implication of this “backlash” nonsense is that the values of the Tea Party are somehow alien to the majority of Americans, which is completely false.
The standard “do you approve of the Tea Party” poll question still gets the desired (negative) results, but only because the media has successfully demonized the name. But if you take the Tea Party’s actual positions, an almost overwhelming percentage of the public favors them. This is the problem for the media.
No, Republicans, there is no risk of backlash. If you think so, you are in fantasy land.
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