Here at the latest remarks by President Obama on the Congressional battle over the debt ceiling, “ Right now, the House of Representatives is still trying to pass a bill that a majority of Republicans and Democrats in the Senate have already said they won’t vote for. It’s a plan that would force us to re-live this crisis in just a few short months, holding our economy captive to Washington politics once again. In other words, it does not solve the problem, and it has no chance of becoming law. ” In other words the Democrats don’t want to deal with the issue in the Presidential Election year of 2012, that the Democrats would rather default than be grown ups in the room. POTUS has thrown his tax hikes out of the window, a win for the tea party, thus his support for the plan by Harry Reid, the Senate Majority Leader, Obama stated the following, “ What’s clear now is that any solution to avoid default must be bipartisan. It must have the support of both parties that were sent here to represent the American people -– not just one faction. It will have to have the support of both the House and the Senate. And there are multiple ways to resolve this problem. Senator Reid, a Democrat, has introduced a plan in the Senate that contains cuts agreed upon by both parties. Senator McConnell, a Republican, offered a solution that could get us through this. There are plenty of modifications we can make to either of these plans in order to get them passed through both the House and the Senate and would allow me to sign them into law. And today I urge Democrats and Republicans in the Senate to find common ground on a plan that can get support -- that can get support from both parties in the House –- a plan that I can sign by Tuesday. ” The problem is that the Reid plan will fail in the Senate and has ZERO chance in the House, POTUS had a chance of grand deal but blew it big time with his demands for tax hikes, thank the left wing of the Democratic Party for that path. Obama uses the phoney argument that the US will face a credit downgrade if there is no deal, the deal on the tale could lead to a downgrade, the Credit Agencies wanted a 4 trillion cuts deal, any new deal with be around 1 trillion, Obama states the following myth, “ Keep in mind, if we don’t do that, if we don’t come to an agreement, we could lose our country’s AAA credit rating, not because we didn’t have the capacity to pay our bills -- we do -- but because we didn’t have a AAA political system to match our AAA credit rating. ” What will Obama say when the credit agencies do downgrade the US credit rating, who will he blame, himself have my doubts folks. POTUS stated the following at the end of his remarks, “ But as I said earlier, we are now running out of time. It’s important for everybody to step up and show the leadership that the American people expect .” That is rich coming from Obama, his showed lack of leadership by not listening to the US voter when it come to ObamaCare, time for the Republicans to keep their word and cut government, even if this leads to default, time to see the real world for Obama and Democrats.
Friday, July 29, 2011
Obama on the Debt Ceiling Crisis = Part Two
Here at the latest remarks by President Obama on the Congressional battle over the debt ceiling, “ Right now, the House of Representatives is still trying to pass a bill that a majority of Republicans and Democrats in the Senate have already said they won’t vote for. It’s a plan that would force us to re-live this crisis in just a few short months, holding our economy captive to Washington politics once again. In other words, it does not solve the problem, and it has no chance of becoming law. ” In other words the Democrats don’t want to deal with the issue in the Presidential Election year of 2012, that the Democrats would rather default than be grown ups in the room. POTUS has thrown his tax hikes out of the window, a win for the tea party, thus his support for the plan by Harry Reid, the Senate Majority Leader, Obama stated the following, “ What’s clear now is that any solution to avoid default must be bipartisan. It must have the support of both parties that were sent here to represent the American people -– not just one faction. It will have to have the support of both the House and the Senate. And there are multiple ways to resolve this problem. Senator Reid, a Democrat, has introduced a plan in the Senate that contains cuts agreed upon by both parties. Senator McConnell, a Republican, offered a solution that could get us through this. There are plenty of modifications we can make to either of these plans in order to get them passed through both the House and the Senate and would allow me to sign them into law. And today I urge Democrats and Republicans in the Senate to find common ground on a plan that can get support -- that can get support from both parties in the House –- a plan that I can sign by Tuesday. ” The problem is that the Reid plan will fail in the Senate and has ZERO chance in the House, POTUS had a chance of grand deal but blew it big time with his demands for tax hikes, thank the left wing of the Democratic Party for that path. Obama uses the phoney argument that the US will face a credit downgrade if there is no deal, the deal on the tale could lead to a downgrade, the Credit Agencies wanted a 4 trillion cuts deal, any new deal with be around 1 trillion, Obama states the following myth, “ Keep in mind, if we don’t do that, if we don’t come to an agreement, we could lose our country’s AAA credit rating, not because we didn’t have the capacity to pay our bills -- we do -- but because we didn’t have a AAA political system to match our AAA credit rating. ” What will Obama say when the credit agencies do downgrade the US credit rating, who will he blame, himself have my doubts folks. POTUS stated the following at the end of his remarks, “ But as I said earlier, we are now running out of time. It’s important for everybody to step up and show the leadership that the American people expect .” That is rich coming from Obama, his showed lack of leadership by not listening to the US voter when it come to ObamaCare, time for the Republicans to keep their word and cut government, even if this leads to default, time to see the real world for Obama and Democrats.
The House Blog
The Hill: Read the live blog from the Hill, it could be a long time folks, very long night. Made for political geeks.
US House of Representatives
HofR: Check out who voted for the Boehner Plan and who didn’t , this is a make or break vote for the Speaker folks, needs at 217 House members to support him, lets see what happens folks.
Boehner Plan and the House Vote
BBC News: Reports that the expected House of Representatives vote on the Boehner debt ceiling plan has been delayed. At the end of the day folks the Republicans in the House have to support their Speaker, once the Bill is passed by the House then the Republicans in the Senate can play hard ball with the Democratic controlled Senate, the Republicans have to make clear that this is it, take or leave it Democrats, if the US goes in to default then it will be the blame of the Democrats.
Wednesday, July 27, 2011
In the Spotlight = Italy and Greece
Telegraph: Reports that the cost for Italy and Spain to borrow on the money markets has almost reached default levels. As the article notes the markets are spooked by the fact that Germany wont confirm the agreed bailout plan in till after the Parliamentary recess, also that Greece does not have an automatic banker in Germany. Lets gets to the point folks, Italy and Spain are just within a inch of going over the cliff, if you don’t deal with the major issue of the debt within these countries then your playing games that will lead to disaster. The EU has to gulp and take over these debts, these means ALL the countries getting their wallet out, even the UK. Also the PIG countries have to get out of the Euro and return to their natural currency, these would mean major default folks, this would cost the EU, as the EU would have bailout these countries in the long term, the very long term folks. Otherwise folks we are heading for another Great Depression 11, while EU fiddles with its PR.
The Reid Plan = US Debt Ceiling CRISIS
The Hill: Reports that the Congressional Budget Office, the final judge on the various Congressional plans, has found the Senator Reid’s plan wanting when it comes to cuts. Thus another draft will be needed by Democrats. That’s the problem when you have politicians writing bills with their running shoes on folks, the big idea does not match reality, as with the Republican Plan the cuts announced didn’t match the headlines and thus both the Boehner and Reid plans will have a hard time getting through the their Chambers. At the end of the day the Oval might have to take the political backlash and increase the debt ceiling under the authority of POTUS. The US voter, the Courts will be up in arms, the Congress would fall in to foul political warfare for the next year and half, but that might be the only option folks. It can be postulated that the Houses and Senate might pass a 60 day extension every sixty days, that would really drive Obama up the wall, but he would have no choice but to sign on, otherwise the US goes in to default. Well POTUS wanted the job!
The House Republican Plan = US Debt Ceiling CRISIS
Fox News: Reports that plan by Republican House Speaker John Boehner has had to be rewritten as it was found that it didn’t cuts as much as expected, thus Tea Party Republicans are demanding real major cuts. Thus the expected ceiling vote will be on Thursday. Folks the Republicans have a great chance, they have to go for real major cuts in the welfare state, also they have to call the Obama bluff, the new plan should have two votes, one to get the Government up to the end of 2011 and then half way through 2012. No matter what the Republicans have to keep together, any weakness and the Oval and Senate Democrats will try to push through their tax hikes, this is a real moment of history folks, the Republicans have to win one for the Gipper, smaller government and no tax hikes.
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