“House Majority Leader Eric Cantor [must be doing something right] when he has shown he shouldn't be at the table, and Republicans agree he shouldn't be at the table,” Reid said from the Senate floor. “We had negotiations going here in a room, S-219, a short jog from here, and he has walked out on the meetings with the vice president of the United States,” said the majority leader, recounting Cantor’s recent exit from the talks hosted by Vice President Biden. “It was childish.” BUT By contrast,[Boehner and McConnell must be doing something wrong because] Reid today praised Speaker Boehner and Minority Leader Mitch McConnell, R-Ky., for both being willing to negotiate in “good faith.
I Walked Out as Sheriff Wyatt Earp: I may have walked into that feed store a squirrelly little kid, but I walked out as Sheriff Wyatt Earp. I had an identity and a place in the story. I was invited to be dangerous. If a boy is to become a man, if a man is to know he is one, this is not an option. A man has to know where he comes from, and what he's made of.
Time to End Fannie and Freddie: In response to the poor [housing] market, the White House is reportedly considering a repeat of the historically bad decisions that contributed to the mortgage meltdown rather than pursuing a much saner course: eliminating Fannie Mae and Freddie Mac. [Here we go again! Obummer actually want’s to start giving away home loans again! – JS]
Many economists expect growth to rebound to a 3 percent pace in the second half of the year. But growth must be stronger than that to significantly lower the unemployment rate. The economy would need to grow 5 percent for a whole year to bring down the unemployment rate by one percentage point. Economic growth of just 3 percent a year would hold the unemployment steady and keep up with population growth.
Budget Shell Games Are Contrary to Law > Congressional rules require public proposals and specific numbers that can be openly debated… If the president would put his plan into budgetary language, as the House already has done, and make it available to the CBO, the public could readily see who is being serious in the negotiations. We would know whether we have been offered a bracing helping of peas, or a misleading mess of pottage. As it is, the president has put a covered dish on the table and, thanks to noncompliance with the Budget Act, we do not know what it contains.
Selfless Government: “...you may indeed set a king over you whom the LORD your God will choose…Only he must not acquire many horses for himself…And he shall not acquire many wives for himself, lest his heart turn away, nor shall he acquire for himself excessive silver and gold.” Deuteronomy 17:15-17 >> Governments haven’t changed much throughout the course of human history, at least, in some very fundamental ways, one of which is the tendency of government officials to use their office for personal aggrandizement.
One President Left Behind: McConnell Schools Obama on Debt: McConnell's deal cleanly takes the debt ceiling issue off the Republicans' back and puts it on the president's back. Either the Democrats tell us what they'll cut or they'll have to admit: "We will never cut anything. Everything Ann Coulter says about us is true.
More Americans would blame GOP lawmakers over President Barack Obama if the debt limit is not raised, according to a new Quinnipiac University poll released today. By a margin of 48 percent to 34 percent of voters say Republicans should bear the brunt of criticism if no deal to raise the debt ceiling is reached. Two-thirds of voters say a deficit reduction package should include tax hikes for the wealthy and corporations, in addition to spending cuts. [Is this why we are a republic? – JS]
Obamateurism of the Day: One of the easiest ways to identify an amateurish negotiator is the issuance of obviously empty threats. Yesterday, Barack Obama issued one of the emptiest political threat in modern American history when he stomped out of the debt-ceiling negotiations yesterday in a fit of pique: “Eric, don’t call my bluff. I’m going to the American people [...]
Raters Put U.S. on Notice — Moody's, S&P Sound Alarms on Debt; President Obama Walks Out of Talks — Credit rating agencies moved closer to an unprecedented downgrade of the U.S. government's debt amid deteriorating talks in Washington, with President Barack Obama abruptly walking … [Don’t worry! Ben Bernanke is going to rescue us. – JS]
Cantor Says Obama Stormed Out Of Debt Ceiling Meeting, As All Progress In Talks "Erased": Obama: "I've reached my limit. This may bring my presidency down, but I will not yield on this.''
Former Top Dem Aide: McConnell Debt Limit Proposal "Complete Abdication Of Legislative Responsibility": Jim Manley: Republicans are "completely repudiating their stated goals to cut spending and to reduce the deficit."
GOP lacks a lead messenger: Republicans think they have an easy message to sell to voters: Slash the size of government and stop tax increases. But a sideshow has percolated on Capitol Hill: There are too many Republican messengers with too many messages — often undercutting one another — as the nation teeters on the brink of financial default.
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