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Economy | |||||
Obama Got Rolled II | |||||
2011-08-01 | |||||
One senior Senate Democratic aide said that averting a default was a victory of sorts for Obama, "but when you look at the emerging details, spending cuts and triggers with no revenue, the president got rolled." After weeks of presidential demands for sacrifice by corporate jet owners and hedge-fund managers, those taxpayers and others can rest easy -- at least for now. Don't start hiring yet, because The One is not through raising taxes yet. ![]() Overplayed that hand, didn't he?
But for a White House eager to improve its standing with centrist independents who have been fleeing Obama, even a losing deal can be a winning strategy. Obama's big compromise on the debt-ceiling deal was agreeing to a "trigger" forcing across-the-board spending cuts -- including to Medicare and defense -- should the committee process not work. Punted to yet another bi-partisan committee who can recommend raising revenue. Many Democrats will be relieved to learn that the automatic cuts would not apply to Medicaid, Social Security and certain programs for low-income families. But liberals had hoped the trigger would include taxes.
Scorched earth, Barry? Either that, or "We Won II -- Get Over It Again" Even an apparent capitulation by Obama helps present him to voters as a reasonable compromiser doing battle against rigid ideologues, his aides say. Too bad he didn't compromise last week; he'd of had $800 billion more to spread around. "In the short term, everyone suffers politically," Obama campaign strategist David Axelrod said in a recent interview. "In the long term, I think the Republicans have done terrible damage to their brand. Because now they're thoroughly defined by their most strident voices." Like Nancy Pelosi. Obama and his aides insisted Sunday that the president has not given up his fight on taxes. Oh goody. The creation in the agreement of a bipartisan committee that will recommend the bulk of the deficit reduction later this year gives the president more chances to apply public pressure for tax increases on the wealthy. "Over the next few months, I'll continue to make a detailed case to these lawmakers about why I believe a balanced approach is necessary to finish the job," the president said Sunday. I thought he didn't want any halfway measures? He was going to veto anything else? Oh, well, the WaPo already forgot that. | |||||
Posted by:Bobby |
#17 whoa! no wayyyyy dude |
Posted by: Frank G 2011-08-01 22:16 |
#16 I knew that... |
Posted by: tu3031 2011-08-01 21:57 |
#15 Sorry, last Post is mine. |
Posted by: JosephMendiola 2011-08-01 21:55 |
#14 As per CNN + FOX PERTS, a DEBT DEAL THAT CLAIMS TO CUT US$2.4 TRILYUHN OER TEN YEARSS WHILE INCREASING SPENDING BY US$7-10 TRILYUHN ISN'T ACHIEVING, SOLVING, OR REDUCING ANYTHING. As does a Debt Deal that seemingly "balances" Cuts wid Spending WHILE LEAVING THE ORIGINAL DEFICIT INTACT. IMO, iff the above Perts are correct, THIS DEAL = "PLACEBO" UPON MAINSTREAM US VOTERS, + IS ABOUT GETTING POLITICOS PERSONALLY ELECTED OR RE-ELECTED COME 2012 US ELEX. hence cometh ... * PEOPLE'S DAILY FORUM > US HOUSE APPROVES BILL TO AVERT DEBT DEFAULT, via vote of 269-161. * SAME > US DEBT CRISIS: DEBT DEAL REACHED BUT [Ratings] DOWNGRADE STILL ON WAY? * SAME >US DEBT CRISIS: OBAMA"S SHARP RIGHT TURN, in favor of GOP-Right, Conservatives, + Tea Party??? * SAME > US ECONOMY: GDP GROWTH MUCH WEAKER THAN THOUGHT. * BHARAT RAKSHAK > ANALYSTS: MASSIVE TAX INCREASES IN US LIKELY AFTER 2012 DESPITE DEBT DEAL. * FREEREPUBLIC > EXPERTS SAY US COULD STILL LOSE AAA DEBT RATING. AAA = AA, but wid "negative outlooks". I could be wrong but IMO it strongly looks like POTUS BAMMER is gonna be getting some serious political US, International Lending heat for the next week or two, espec iff the rating goes down to AA??? |
Posted by: Clart Jones4669 2011-08-01 21:54 |
#13 The Political Class to the taxpayers: "You might want to put some ice on that." |
Posted by: charger 2011-08-01 21:27 |
#12 I think we got rolled. Bingo! I think Congress owes us all dinner and flowers, because ... |
Posted by: CincinnatusChili 2011-08-01 19:51 |
#11 Looks like the health care people were correct "any cuts to Medicare would be capped and limited to the provider side". |
Posted by: Dale 2011-08-01 17:41 |
#10 I believe military cuts are an easy target in this groups mind. Monday many in health care were up in arms "We know the [debt] deal will have an impact on Medicare pay to physicians," he said. "We're just not sure how large that impact will be." It looks like health care is a prime target. People will just have to quit this profession. Education and the many costs of operating as an independent or in an association will be too daunting a task to manage. 70-80 hours a week for what. The government just cuts what they will pay for a service assuming abuse when you have over utilization. So you don't know week by week what you will be paid. Then the kicker rejected because you didn't provide correct information, please correct and resubmit. Other insurance programs fall in line so you can't go there. |
Posted by: Dale 2011-08-01 17:33 |
#9 Well, four. |
Posted by: Thing From Snowy Mountain 2011-08-01 17:32 |
#8 I think we got rolled. If the automatic cuts go into effect, Defense has to shoulder some 50% of the cuts. It's currently 20% of the budget. And we're in five wars. |
Posted by: Thing From Snowy Mountain 2011-08-01 17:31 |
#7 Got Rolled I don't think so. Now here is a blast from the past Bill Clinton said "He pointed to an obscure provision in the 14th Amendment, saying he would unilaterally invoke it âwithout hesitationâ to raise the debt ceiling, âand force the courts to stop me.â That's where this idea came from I believe. So should the deal fall apart look for this back door. Goes back to Civil War era. Business as usual with current plan in my opinion. Boehner now is saying he has the votes. Filibuster possibly in the works. |
Posted by: Dale 2011-08-01 16:57 |
#6 Oops. Removed the 'dupe entry' from the title before seeing the comments. |
Posted by: Steve White 2011-08-01 16:29 |
#5 Too bad he didn't compromise last week; he'd of had $800 billion more to spread around. Obama doesn't have to compromise if he wins in 2012. The Bush tax cuts expire end of 2012. |
Posted by: Eohippus Phater7165 2011-08-01 14:38 |
#4 But it was dopy, Bobby, and I caused you to do extra work, so the poetry is fair. Mea maxima culpa. We can only hope the mortification will keep me from doing it again. |
Posted by: trailing wife 2011-08-01 14:35 |
#3 a lot of wishcasting in that drivel. |
Posted by: Frank G 2011-08-01 14:27 |
#2 And it's only a dupe because some dope scrubbed the first one. [grin] Sorry, TW, it was too poetic to let it go! |
Posted by: Bobby 2011-08-01 13:29 |
#1 A 'balanced approach' is not necessary to 'finish the job' of wrecking the country. |
Posted by: Anguper Hupomosing9418 2011-08-01 13:17 |