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Obama Blames Republicans, Mongers Fear

From the Agence France-Presse:

US debt talks limbo a ‘dangerous game’: Obama

by Olivier Knox Tue Jul 26, 2011

WASHINGTON (AFP) – President Barack Obama warned of a "deep economic crisis" if Washington fails to raise the US debt limit, and urged Americans in a speech to demand that Republicans compromise in stalled talks to avoid a default.

Remember, this is the man the news media called ‘no drama Obama.’ But what have we gotten from him but one ‘crisis’ after another?

A day shy of the one-week mark before the United States begins to run out of money to pay its bills, Obama in a nationally televised address called the debt talks stalemate that now has dragged on for weeks "a dangerous game" that the country "cannot afford to play."

We have plenty of money to pay the bills we have to pay. And the deadline looks like it is going to be pushed back, yet again. But leaving those details aside, who has been making a game of this?

John Boehner says he and the White House have been negotiating over the debt ceiling since January. Mr. Obama could have put an end to it any time over the last six months. But he has stubbornly chosen not to.

As the president spoke from the East Room of the White House, the dollar plunged to a four month low in Tokyo early Tuesday amid growing jitters as the impasse between Republicans and Democrats over the US debt crisis deepened.

Perhaps the dollar is at a new low because there is no sign of any real and significant spending cuts.

Obama cast the blame for the stalemate on Republicans’ refusal to raise the $14.3 trillion debt ceiling unless there is agreement to make deep spending cuts without increases in taxes on the wealthy.

As usual, the Republicans are trying to fix the problem, while Mr. Obama and the Democrats are trying to fix the blame.

If Congress fails to raise the debt ceiling by August 2, the resulting economic disaster could include higher interest rates for the US government as well as for American consumers.

According to numerous reports, our credit rating will be downgraded whether we lift the debt ceiling or not. ‘It’s the spending, stupid.’

Failure to compromise, Obama said in his speech from the White House, "would risk sparking a deep economic crisis — one caused almost entirely by Washington."

All Mr. Obama knows is fearmongering. He has nothing else to offer.

He rejected a Republican proposal for a temporary increase in the debt limit, arguing it would leave the underlying problem unresolved and lead to a repeat of the current crisis in just six months’ time.

"That is no way to run the greatest country on Earth."


"It is a dangerous game we’ve never played before, and we can’t afford to play it now," he said.

With a potential US default as of Tuesday just a week away, Obama appealed to Americans to "make your voice heard" to members of Congress.

This is Mr. Obama rising above petty politics. Call, and demand Congress raise your taxes and the cost of everything.

Obama’s 9:00 pm speech was only his seventh formal address to the nation, and the first since he unveiled a timeline for a US troop withdrawal from Afghanistan in June.

Yes, Mr. Obama has been downright scarce on TV. Almost as scarce as Hugo Chavez is in Venezuela.

Besides, this was such a highly partisan campaign speech, it should be considered an in-kind campaign contribution from the news media.

After all, remember how the networks wouldn’t even give President Bush air time to talk about Iraq? But they will give Mr. Obama 15 minutes several times a week to trot out his same old tired stump speech.

The top Republican leader in Congress, John Boehner, responded with a late-night speech of his own Monday, blaming Obama for the crisis, and warning that while the United States cannot default on its debt obligations, Americans nevertheless would demand deep cuts in spending.

Boehner — who has flatly rejected Obama’s call for tax hikes on the rich and on wealthy corporations — is proposing a two-step plan with increases first to February or March 2012, and later to 2013…

What unbiased reporting, eh?

The prospect of the world’s richest country running out of cash to pay its bills come next Tuesday sent stocks sliding and gold soaring while the IMF warned of a "severe shock" to the world economy absent an elusive breakthrough…

Another lie. Stock prices didn’t slide. And the IMF should be damn glad that the Republicans are trying to force the government to cut back on its out of control spending.

In fact, a good place to start might be with our contributions to the IMF.

Washington hit its debt ceiling on May 16 but has used spending and accounting adjustments, as well as higher-than-expected tax receipts, to continue operating normally but can only do so through August 2…

Another lie.

At that point, US leaders will face an agonizing choice about cutting an estimated 40 cents of every dollar in spending and defaulting either on debt payments or on other obligations like government health or retirement benefits…

Another lie.

Finance and business leaders have warned that failure to raise the US debt ceiling by then would send shockwaves through the fragile world economy, while Obama has predicted a default would trigger economic "Armageddon."

These are shameless fearmongering lies.

Meanwhile, there were signs that the stand-off was exacting a political toll on the president.

A poll released early Tuesday by the Washington Post and ABC television showed weakening support for Obama’s economic agenda, and found that the percentage of people who said Obama has made the economy worse has jumped six points since October to 37 percent

As always, as far as the media is concerned, it is always ‘all about the O.’

All sides in the dispute agree Washington must reduce its deficit but disagree on the size and blend of spending cuts and revenue increases as well as on how and whether to slice into the social safety net

We don’t have a deficit problem. We have a spending problem. Increasing taxes will not solve our spending problem. It will only allow it to continue unabated.

This article was posted by Steve on Tuesday, July 26th, 2011. Comments are currently closed.

14 Responses to “Obama Blames Republicans, Mongers Fear”

  1. P. Aaron says:

    Commie-Libs want Americans controlled (kept down) through higher taxes.

    • Petronius says:

      That was my take on the President’s speech, too.

      It was one more clarion call for Americans (both foreign and domestic) to join him in class warfare against other Americans. Against “the rich.” Against “millionaires and billionaires.” Against “corporate jet owners.” Against “hedge fund managers” and Big Oil and all the rest of his “enemies.”

      And this demonization of certain Americans is what passes today for “civility.”

      The people who voted for this Marxist creep should be ashamed of themselves. Those who continue to support him have obviously lost their sense of smell.

      And everybody –– including Nerobama himself –– seems to have forgotten that the Pelosi Congress has already enacted new taxes on “the rich” –– taxes that Nerobama signed into law not so long ago.

      Beginning in 2013, taxes will climb almost 5% on every household having over $250,000 in income –– the 0.9% Medicare surcharge plus the 3.8% Obamacare tax. And let’s not forget the wheelchair tax, and all the new taxes on medical products and supplies.

  2. Reality Bytes says:

    How short is America’s memory anyway. 1st – there is no way you can get to 1 T in taxes by taxing “corporate jet owners”. 2nd – like last time, magically there will be news that higher taxes will extend down to the middle class.

    While Obama claims the mantle of Lincoln, seems to me he his haunted by his prose, “You can fool some of the people all of the time & all of the people some of the time, but you can’t fool all of the people all of the time.”

    Interestingly enough from where I sit, the media recognizing the commonality has replaced “fool” with “please”…becuase after all, He Cares! He Really, Really Cares.”

    Some more from President Lincoln. Where & when will there be another like him. I’ll give you a hint, like Lincoln, he or she won’t come in a pin striped suit.


  3. JohnMG says:

    The only real deadline that Obama is concerned with is the 2012 elections and the preceeding campaign cycle. (Is that a laugh…he’s in perpetual campaign mode.) His main thrust is to push any real discussion of reforms beyond that time. If he can demogogue the whole process into a stalemate and lay the blame on someone other than himself, that’s just frosting on the cake.

    What a disgusting, vomitous mass of spoiled-brat humanity.

    • Petronius says:

      “What a disgusting, vomitous mass of spoiled-brat humanity.”

      Bears repeating.

    • Liberals Demise says:

      That’s a broad stretch of the word, eh Marine?

    • JohnMG says:

      I checked every veterinary chart I could lay my hands on and couldn’t find an animal anywhere with his sort of bloodlines and pedigree. So, unfortunately, he appears to be a humanoid.

    • Liberals Demise says:

      I can hear the Animal Kingdom sighing a huge relief!!
      I still hold to my belief that he’s a mutt.

  4. Reality Bytes says:

    MG, the masters of class war will have us forget the 10th Commandment, “You shall not covet your neighbor’s house; you shall not covet your neighbor’s wife, nor his male servant, nor his female servant, nor his ox, nor his donkey, nor anything that is your neighbor’s.”

    On the other side, Americans give over 100’s of billions to charity a year, remembering Christ’s counsel, “For I was hungry and you gave me food, I was thirsty and you gave me drink, I was a stranger and you welcomed me.”


    Obama is the pharasee who lifts his purse for everyone to see his “charity” – difference is, IT’S OUR MONEY he’s giving.

  5. Reality Bytes says:

    From a liberal post on Utube. And we’re the racists?!


    Now you may have missed the funniest line, “Hold it men! He’s not bluffing.” How prophetic. From where I sit, the republicans called Obama on it & he’s folding like a cheap camera (Bob Grant’s famous line).

    Look, when you’re in a bar fight & your gonna get your ass kicked, your best bet is to hit the biggest, meanest bully in the face with a chair if you got one. We need more people with balls. Somebody get Bachman & Palin on the horn.

    • Right of the People says:


      It’s sad but true the Republicans with the biggest gonads don’t actually have any. I’d love to see a ticket of Palin/Bachman in ’12. Two who would actually campaign to win and use everything they had to do it unlike McLame who had plenty on the boy king but wouldn’t use a single big of it.

      Let’s take the mother back!

  6. Reality Bytes says:

    You knew just lookin’ at him with that Bob Dole look in the headlights that John McCain was a looser.

    As the ol man used to tell the country club republicans, “If you run like a democrat, they’ll just wind up voting for the real thing.”

    He was so right…in many ways.

  7. Rusty Shackleford says:

    Failure to compromise, Obama said in his speech from the White House, “would risk blah, blah, blabbidy blah….”

    As always, “compromise”= Do it my way

    I wonder if everyone walks leaning way over to one side because it’s so tilted in their world.

  8. canary says:

    I thought something terrible had happened when Obama interrupted television just to say the same ole b.s. Thought John Boehner’s speech in response was pathetic.

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