We’re Circling The Drain….

This article is from politico.com:  The comments in parentheses (and red in some browsers) are mine:

President Barack Obama abruptly walked out of a stormy debt-limit meeting with congressional leaders Wednesday, a dramatic setback to the already shaky negotiations.

(It’s about time someone walked out on a president dead set on ruining the country, a president who’s already done a pretty fine job of it.  Congress should refuse to relinquish a single point to a president who wants to pour on more debt)

“He shoved back and said ‘I’ll see you tomorrow’ and walked out,” House Majority Leader Eric Cantor (R-Va.) told reporters in the Capitol after the meeting.

On a day when the Moody’s rating agency warned that American debt could be downgraded, the White House talks blew up amid a new round of sniping between Obama and Cantor, who are fast becoming bitter enemies.

(The credit rating agencies have no credibility with the world as they are the ones who rated AAA those massive groups of mortgage debt that the world bought, and had to eat.  Other than the give-away, buy votes congress, led by Barney Frank and Harry Reid, the credit rating agencies are the most culpable in the rotten condition of the country today.  The world isn’t stupid, they know the U.S. is fiscally irresponsible, and the best thing we could do is put a halt to all debt payments until congress wakes up and goes to the heart of the problem…negative spending.  Now that would impress the world.)

When Cantor said the two sides were too far apart to get a deal that could pass the House by the Treasury Department’s Aug. 2 deadline — and that he would consider moving a short-term debt-limit increase alongside smaller spending cuts — Obama began to lecture him.

(You bet he did, he wants to try and fake out the world, and you and I, into believing that you can spend your way out of debt.  Ask a housewife if that’s possible, as she’s obviously smarter, and far more practical, than all the Doctors of Economy pulling the strings in D.C.)

“Eric, don’t call my bluff,” the president said, warning Cantor that he would take his case “to the American people.” He told Cantor that no other president — not Ronald Reagan, the president said — would sit through such negotiations.

(As an old negotiator, having done hundreds of millions of dollars of real estate deals, sitting across the table from some very tough and very fine self-made millionaires and billionaires, I can tell you that when a guy says “don’t call my bluff” he’s admitting that he’s bluffing.  Duh!  Had the president and 90% of the rest of his staff, cabinet, and appointees ran so much as a hot dog stand, they’d be far better at negotiating.)

Democratic sources dispute Cantor’s version of Obama’s walk out, but all sides agree that the two had a blow up. The sources described Obama as “impassioned” but said he didn’t exactly storm out of the room.

(Walking out, saying you’ll be back, is not negotiating, it’s pouting.  Walking out, saying “don’t bother calling,” then waiting to see if they call, is negotiating.)

“Cantor’s account of tonight’s meeting is completely overblown. For someone who knows how to walk out of a meeting, you’d think he’d know it when he saw it,” a Democratic aide said. “Cantor rudely interrupted the president three times to advocate for short-term debt ceiling increases while the president was wrapping the meeting. This is just more juvenile behavior from him and Boehner needs to rein him in, and let the grown-ups get to work.”

(Let’s see, “let the grown ups get to work?”  It’s the so-called “grown ups” who got us into this fiscal catastrophe.  If that’s an example of grown up behavior, let’s elect some pre-pubescent adolescents to do the job.  3rd grade math is better by far than what the “grown ups” have done to us.)

On exiting the room, Obama said that “this confirms the totality of what the American people already believe” about Washington, according to a Democratic official familiar with the negotiations, and that officials are “too focused on positioning and political posturing” to make difficult choices.

(Do as I say, not as I do.  Yes, Americans believe that D.C. is merely posturing, and Obama leads the posture pack.)

Cantor insists he never interrupted the president, and was “deferential,” seeking permission to speak.

(The president is not God, and I’ve seen the president interrupt a million times during the billion times he’s graced us with his face and his teleprompters on national TV.  If he thinks he’s above being interrupted, then he should send someone else to the table.  Besides, it’s a very true old adage, you don’t learn anything talking.)

The latest and sharpest in a series of harsh exchanges between the two leaders heightened concern that markets could crash at any time amid fear of a reduction in the rating on once-ironclad U.S. debt.

Cantor, for his part, delivered the blow-by-blue of his interaction with Obama to a gaggle of Capitol Hill reporters in the Speaker’s Lobby, where lawmakers typically mingle with reporters during votes. It wasn’t through aides — it was Cantor taking on the president, directly.

Cantor accused the president and congressional Democrats of progressively low-balling, over the last several days, the savings that could be achieved from proposals discussed by Vice President Joe Biden’s working group on deficit reduction. Cantor warned that the group has not identified enough cuts to win House passage of a $2.5 trillion debt-limit increase — the size the president says is needed to get through the 2012 election, sources told POLITICO.

(Oh, only another $2.5 trillion, and they think that’s solving the problem.  How about cutting costs.  Get rid of the 2 million employee Dept. of Labor, and the Dept. of Education, and the give-aways to farmers and foreign countries, and on and on.  SOLVE THE PROBLEM, FOOLS.)

Obama told Cantor that he would either have to agree to tax increases or give up on his demand that the debt hike be matched dollar-to-dollar to the cuts — that is, $2.5 trillion in deficit-reduction over 10 years in exchange for a $2.5 trillion hike in the debt ceiling.

(And they think that’s solving the problem.  If all you considered was the cost of money, Econ 1A, then you’d know that’s continuing to go backwards.  Just how stupid do they think the American public is?  And how stupid are we to keep any of them in office?)

He said that the negotiators should return to the White House Thursday to discuss savings from health care programs, budget caps and options for raising revenue.

(I’m heartsick, watching D.C. continue to circle the drain, and dragging the country right after them.)

Read more: http://www.politico.com/news/stories/0711/58937.html#ixzz1S56qq3Ks

 

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