I was getting ready to come in the market today for some buys as the levels seems favorable. The markets are taking a big slide and I decided to wait it out for another day or so. The main reason behind the decline is weak manufacturing data that came out showing slow paste of growth. The European markets specially Germany and France took an ass kicking as they were up as much as 2% and closed 2.5% in the negative terrority. The confidence now does seem very low and after this Bs that was pulled by the politicians it even seems lesser now.
markets are not about actual facts but the color of some peoples poo on the given day. the issues are more important than that. the deal struck and the holding for ransom by Tea Party will only make the income inequality in the US higher and not do a bit about the employment rate but eventually fuck it for good.
What an incompetent President!
---------------------
Obama, at his press conference last December, announcing his surrender to the GOP on tax cuts; the questioner was Marc Ambinder:
Q Mr. President, thank you. How do these negotiations affect negotiations or talks with Republicans about raising the debt limit? Because it would seem that they have a significant amount of leverage over the White House now, going in. Was there ever any attempt by the White House to include raising the debt limit as a part of this package?
THE PRESIDENT: When you say it would seem they’ll have a significant amount of leverage over the White House, what do you mean?
Q Just in the sense that they’ll say essentially we’re not going to raise the — we’re not going to agree to it unless the White House is able to or willing to agree to significant spending cuts across the board that probably go deeper and further than what you’re willing to do. I mean, what leverage would you have –
THE PRESIDENT: Look, here’s my expectation — and I’ll take John Boehner at his word — that nobody, Democrat or Republican, is willing to see the full faith and credit of the United States government collapse, that that would not be a good thing to happen. And so I think that there will be significant discussions about the debt limit vote. That’s something that nobody ever likes to vote on. But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower.
And so my expectation is, is that we will have tough negotiations around the budget, but that ultimately we can arrive at a position that is keeping the government open, keeping Social Security checks going out, keeping veterans services being provided, but at the same time is prudent when it comes to taxpayer dollars.
---------------------
Obama, at his press conference last December, announcing his surrender to the GOP on tax cuts; the questioner was Marc Ambinder:
Q Mr. President, thank you. How do these negotiations affect negotiations or talks with Republicans about raising the debt limit? Because it would seem that they have a significant amount of leverage over the White House now, going in. Was there ever any attempt by the White House to include raising the debt limit as a part of this package?
THE PRESIDENT: When you say it would seem they’ll have a significant amount of leverage over the White House, what do you mean?
Q Just in the sense that they’ll say essentially we’re not going to raise the — we’re not going to agree to it unless the White House is able to or willing to agree to significant spending cuts across the board that probably go deeper and further than what you’re willing to do. I mean, what leverage would you have –
THE PRESIDENT: Look, here’s my expectation — and I’ll take John Boehner at his word — that nobody, Democrat or Republican, is willing to see the full faith and credit of the United States government collapse, that that would not be a good thing to happen. And so I think that there will be significant discussions about the debt limit vote. That’s something that nobody ever likes to vote on. But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower.
And so my expectation is, is that we will have tough negotiations around the budget, but that ultimately we can arrive at a position that is keeping the government open, keeping Social Security checks going out, keeping veterans services being provided, but at the same time is prudent when it comes to taxpayer dollars.
Obama basically just bends backward on what the republicans want thinking that would give him 4 more years in the white house, but history shows that when one gives to fear then they loose.
I guess it is more important to make sure the very rich that gets tax cuts and it does not help the economy, oil companies that get subsidies, etc.. is more important than students and the future of the country.
F**k O
bama. I am liberal, but maybe it is time not to work for these a**h**es but unfortunately, then we will get tea party into white house that would destroy the country totally.
WASHINGTON (CNNMoney) -- Some students will have to start paying off their loans while they're in school under a last-minute debt ceiling deal to keep the country out of default and reduce deficits by at least $2.1 trillion over a decade.
As part of the savings to trim the deficits, Congress would scrap a special kind of federal loan for graduate students. So-called subsidized student loans don't charge students any interest on the principal of student loans until six months after students graduated.
The idea for the cuts originally came from the Republican-controlled House, but even Senate Majority Leader Harry Reid proposed cutting the graduate school subsidized loans in budget talks last week.
I guess it is more important to make sure the very rich that gets tax cuts and it does not help the economy, oil companies that get subsidies, etc.. is more important than students and the future of the country.
F**k O
bama. I am liberal, but maybe it is time not to work for these a**h**es but unfortunately, then we will get tea party into white house that would destroy the country totally.
WASHINGTON (CNNMoney) -- Some students will have to start paying off their loans while they're in school under a last-minute debt ceiling deal to keep the country out of default and reduce deficits by at least $2.1 trillion over a decade.
As part of the savings to trim the deficits, Congress would scrap a special kind of federal loan for graduate students. So-called subsidized student loans don't charge students any interest on the principal of student loans until six months after students graduated.
The idea for the cuts originally came from the Republican-controlled House, but even Senate Majority Leader Harry Reid proposed cutting the graduate school subsidized loans in budget talks last week.
Great article from the republican commentator on CNN. It says it all..
http://www.cnn.com/2011/OPINION/08/01/frum.debt.republicans/index.html
Editor's note: David Frum writes a weekly column for CNN.com. A special assistant to President George W. Bush from 2001 to 2002, he is the author of six books, including "Comeback: Conservatism That Can Win Again," and is the editor of FrumForum.
(CNN) -- I'm a Republican. Always have been. I believe in free markets, low taxes, reasonable regulation and limited government. But as I look back at the weeks of rancor leading up to Sunday night's last-minute budget deal, I see some things I don't believe in:
Forcing the United States to the verge of default.
Shrugging off the needs and concerns of millions of unemployed.
Protecting every single loophole, giveaway and boondoggle in the tax code as a matter of fundamental conservative principle.
Massive government budget cuts in the midst of the worst recession since World War II.
I am not alone.
Only about one-third of Republicans agree that cutting government spending should be the country's top priority. Only about one-quarter of Republicans insist the budget be balanced without any tax increases.
Yet that one-third and that one-quarter have come to dominate my party. That one-third and that one-quarter forced a debt standoff that could have ended in default and a second Great Recession. That one-third and that one-quarter have effectively written the "no new taxes pledge" into national law.
There was another way. There still is.
Give me a hammer and a church-house door, and I'd post these theses for modern Republicans:
1) Unemployment is a more urgent problem than debt.
The U.S. can borrow money for 10 years at less than 3%. It can borrow money for two years at less than one-half a percent. Yes, the burden of debt is worrying. Yet lenders seem undaunted by those worries.
Meanwhile, more than 14 million Americans are out of work, more than 6 million for longer than six months. The United States has not seen so many people out of work for so long since the 1930s.
2) The deficit is a symptom of America's economic problems, not a cause.
When the economy slumps, government revenues decline and government spending surges.
Federal revenues have collapsed since 2007, down from more than 18% of national income to a little more than 14%. To put that in perspective: That's the equivalent of losing enough revenue to support the entire defense budget.
Federal spending has jumped to pay for unemployment insurance, food stamps and Medicaid benefits.
Fix the economy first, and the deficit will improve on its own.
Cut the deficit first, and the economy will get even sicker.
3) The time to cut is after the economy recovers.
Businesses are hoarding cash. Consumers are repaying debt. State and local governments are slashing jobs. (Since 2009, the number of Americans working for government has shrunk by half a million, the biggest reduction in civilian government employment since the Great Depression.) Right now, there's only one big customer out there: the federal government. How does it help anybody if the feds suddenly stop buying things and paying people?
4) The place to cut is health care, not assistance to the unemployed and poor.
The United States provides less assistance to the unemployed and the poor than almost any other democracy. It spends 60% more per person on health care than almost any other democracy -- and gets worse results. The problem is not that Americans use too much medicine. People in other countries use more. The problem is that Americans pay too much for the medicine they use. Go where the money is, cut where the waste is grossest.
5) We can collect more revenue without raising tax rates.
Republicans stand for low taxes to encourage people to work, save and invest. But how would it discourage work if we reduced the mortgage-interest deduction again? Did it hurt the economy when we reduced the maximum eligible loan to $1 million back in 1986? Do Canadians and Brits -- who lack the deduction -- work less hard than Americans?
Why are state and local taxes deductible from federally taxable income? Wouldn't higher taxes on energy encourage conservation? Who decided to allow inflation to corrode federal alcohol taxes by 80% over the past 50 years?
6) Passion does not substitute for judgment.
Republicans and conservatives have worked themselves into a frenzy of rage and contempt for President Barack Obama. House Speaker John Boehner's post-deal PowerPoint for Republican House members was actually labeled "Two Step Approach to Hold President Obama Accountable" (PDF) -- as if the supreme goal of policy in this time of economic hardship were to fix the blame for all problems on the president. This exercise in finger-pointing satisfies the emotions of the Republican base. It does not accurately explain the causes of the crisis or offer plausible remedies.
7) You can't save the system by destroying the system.
In their passion, Republicans convinced themselves that the constitutional republic and the free-enterprise system were threatened as never before. Their response? To threaten to blow up the free-enterprise system and wreck the republic unless they gained their point.
Republicans have become so gripped by pessimism and panic that they feel they have nothing to lose by rushing into a catastrophe now. But there is a lot to lose, and in these past weeks America nearly lost it. Let's hope that as America steps back from the brink, Republicans remember that it's their job to protect the system, not to smash the system in hopes of building something better from the ruins.
That's how student radicals think -- not conservatives.
The opinions expressed in this commentary are solely those of David Frum.
http://www.cnn.com/2011/OPINION/08/01/frum.debt.republicans/index.html
Editor's note: David Frum writes a weekly column for CNN.com. A special assistant to President George W. Bush from 2001 to 2002, he is the author of six books, including "Comeback: Conservatism That Can Win Again," and is the editor of FrumForum.
(CNN) -- I'm a Republican. Always have been. I believe in free markets, low taxes, reasonable regulation and limited government. But as I look back at the weeks of rancor leading up to Sunday night's last-minute budget deal, I see some things I don't believe in:
Forcing the United States to the verge of default.
Shrugging off the needs and concerns of millions of unemployed.
Protecting every single loophole, giveaway and boondoggle in the tax code as a matter of fundamental conservative principle.
Massive government budget cuts in the midst of the worst recession since World War II.
I am not alone.
Only about one-third of Republicans agree that cutting government spending should be the country's top priority. Only about one-quarter of Republicans insist the budget be balanced without any tax increases.
Yet that one-third and that one-quarter have come to dominate my party. That one-third and that one-quarter forced a debt standoff that could have ended in default and a second Great Recession. That one-third and that one-quarter have effectively written the "no new taxes pledge" into national law.
There was another way. There still is.
Give me a hammer and a church-house door, and I'd post these theses for modern Republicans:
1) Unemployment is a more urgent problem than debt.
The U.S. can borrow money for 10 years at less than 3%. It can borrow money for two years at less than one-half a percent. Yes, the burden of debt is worrying. Yet lenders seem undaunted by those worries.
Meanwhile, more than 14 million Americans are out of work, more than 6 million for longer than six months. The United States has not seen so many people out of work for so long since the 1930s.
2) The deficit is a symptom of America's economic problems, not a cause.
When the economy slumps, government revenues decline and government spending surges.
Federal revenues have collapsed since 2007, down from more than 18% of national income to a little more than 14%. To put that in perspective: That's the equivalent of losing enough revenue to support the entire defense budget.
Federal spending has jumped to pay for unemployment insurance, food stamps and Medicaid benefits.
Fix the economy first, and the deficit will improve on its own.
Cut the deficit first, and the economy will get even sicker.
3) The time to cut is after the economy recovers.
Businesses are hoarding cash. Consumers are repaying debt. State and local governments are slashing jobs. (Since 2009, the number of Americans working for government has shrunk by half a million, the biggest reduction in civilian government employment since the Great Depression.) Right now, there's only one big customer out there: the federal government. How does it help anybody if the feds suddenly stop buying things and paying people?
4) The place to cut is health care, not assistance to the unemployed and poor.
The United States provides less assistance to the unemployed and the poor than almost any other democracy. It spends 60% more per person on health care than almost any other democracy -- and gets worse results. The problem is not that Americans use too much medicine. People in other countries use more. The problem is that Americans pay too much for the medicine they use. Go where the money is, cut where the waste is grossest.
5) We can collect more revenue without raising tax rates.
Republicans stand for low taxes to encourage people to work, save and invest. But how would it discourage work if we reduced the mortgage-interest deduction again? Did it hurt the economy when we reduced the maximum eligible loan to $1 million back in 1986? Do Canadians and Brits -- who lack the deduction -- work less hard than Americans?
Why are state and local taxes deductible from federally taxable income? Wouldn't higher taxes on energy encourage conservation? Who decided to allow inflation to corrode federal alcohol taxes by 80% over the past 50 years?
6) Passion does not substitute for judgment.
Republicans and conservatives have worked themselves into a frenzy of rage and contempt for President Barack Obama. House Speaker John Boehner's post-deal PowerPoint for Republican House members was actually labeled "Two Step Approach to Hold President Obama Accountable" (PDF) -- as if the supreme goal of policy in this time of economic hardship were to fix the blame for all problems on the president. This exercise in finger-pointing satisfies the emotions of the Republican base. It does not accurately explain the causes of the crisis or offer plausible remedies.
7) You can't save the system by destroying the system.
In their passion, Republicans convinced themselves that the constitutional republic and the free-enterprise system were threatened as never before. Their response? To threaten to blow up the free-enterprise system and wreck the republic unless they gained their point.
Republicans have become so gripped by pessimism and panic that they feel they have nothing to lose by rushing into a catastrophe now. But there is a lot to lose, and in these past weeks America nearly lost it. Let's hope that as America steps back from the brink, Republicans remember that it's their job to protect the system, not to smash the system in hopes of building something better from the ruins.
That's how student radicals think -- not conservatives.
The opinions expressed in this commentary are solely those of David Frum.
Obama f**ked up big time. he is so worried about the fucking economy being hurt by tax hikes that he is just willing blink every time.
what the f**k do you want the office of presidency if you are not gone fight for "progressive" policies.
fist it was the that shit public option? why didn't you call it medicare for all? because you are afraid to be called spender?
second it was the bush tax cuts because he was gone get few republicans to vote for STAR treaty.
I rather have democrats in the office and just have a few sharp liberals in place. people like max bacus and that woman Mary landrieu of lousiana are screwing the whole liberal agenda.
Obama presidency has been great for gays*** that's about it
no damn bank heads got prosecuted because obama did not want to create "uncertainty" and guess what all those bankers call him socialist on cnbc all day anyway.
no infrastructure money went to building shit,, instead obama gave payroll tax holiday of 800 bucks that people won't notice and they will spend.
well damn it people like to see things built not to have 5 more bucks a week to buy breakfast tacos from 7-11 on their way to work.
one side of me wants to say I will never vote for these liberals.
Until I hear these racist ignorant people all day on talk radio. in texas last year we have two straight drought years and this years has been record drought for as long records have been kept. and these aholes still say no climate change happening or if it is happening god is making it happen.
I wish republicans were all like lincoln chafey of Rhode Island. I could have felt easy that I staying home is not gone mean
some guy like Rand Paul who does not believe Civil Rights Acts legitimation gets to go to white house.
what the f**k do you want the office of presidency if you are not gone fight for "progressive" policies.
fist it was the that shit public option? why didn't you call it medicare for all? because you are afraid to be called spender?
second it was the bush tax cuts because he was gone get few republicans to vote for STAR treaty.
I rather have democrats in the office and just have a few sharp liberals in place. people like max bacus and that woman Mary landrieu of lousiana are screwing the whole liberal agenda.
Obama presidency has been great for gays*** that's about it
no damn bank heads got prosecuted because obama did not want to create "uncertainty" and guess what all those bankers call him socialist on cnbc all day anyway.
no infrastructure money went to building shit,, instead obama gave payroll tax holiday of 800 bucks that people won't notice and they will spend.
well damn it people like to see things built not to have 5 more bucks a week to buy breakfast tacos from 7-11 on their way to work.
one side of me wants to say I will never vote for these liberals.
Until I hear these racist ignorant people all day on talk radio. in texas last year we have two straight drought years and this years has been record drought for as long records have been kept. and these aholes still say no climate change happening or if it is happening god is making it happen.
I wish republicans were all like lincoln chafey of Rhode Island. I could have felt easy that I staying home is not gone mean
some guy like Rand Paul who does not believe Civil Rights Acts legitimation gets to go to white house.
Obama f****ed big time. Extremist in the Republican party who control only the congress keep on getting what they want because of the lack of audacity of Obama.
Here is Krugman on it:
http://www.nytimes.com/2011/08/01/o...-debt-ceiling.html?_r=1&src=ISMR_HP_LO_MST_FB
OP-ED COLUMNIST
The President Surrenders
By PAUL KRUGMAN
Published: July 31, 2011
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TWITTER
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REPRINTS
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A deal to raise the federal debt ceiling is in the works. If it goes through, many commentators will declare that disaster was avoided. But they will be wrong.
Fred R. Conrad/The New York Times
Paul Krugman
Go to Columnist Page »
Blog: The Conscience of a Liberal
Related
Obama and Leaders Reach Debt Deal (August 1, 2011)
Times Topic: Federal Debt Ceiling
Related in Opinion
Ross Douthat: The Diminished President (August 1, 2011)
Op-Ed Contributors: Our Unbalanced Democracy (August 1, 2011)
Editorial: To Escape Chaos, a Terrible Deal (August 1, 2011)
Readers’ Comments
Readers shared their thoughts on this article.
Read All Comments (975) »
For the deal itself, given the available information, is a disaster, and not just for President Obama and his party. It will damage an already depressed economy; it will probably make America’s long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a long way down the road to banana-republic status.
Start with the economics. We currently have a deeply depressed economy. We will almost certainly continue to have a depressed economy all through next year. And we will probably have a depressed economy through 2013 as well, if not beyond.
The worst thing you can do in these circumstances is slash government spending, since that will depress the economy even further. Pay no attention to those who invoke the confidence fairy, claiming that tough action on the budget will reassure businesses and consumers, leading them to spend more. It doesn’t work that way, a fact confirmed by many studies of the historical record.
Indeed, slashing spending while the economy is depressed won’t even help the budget situation much, and might well make it worse. On one side, interest rates on federal borrowing are currently very low, so spending cuts now will do little to reduce future interest costs. On the other side, making the economy weaker now will also hurt its long-run prospects, which will in turn reduce future revenue. So those demanding spending cuts now are like medieval doctors who treated the sick by bleeding them, and thereby made them even sicker.
And then there are the reported terms of the deal, which amount to an abject surrender on the part of the president. First, there will be big spending cuts, with no increase in revenue. Then a panel will make recommendations for further deficit reduction — and if these recommendations aren’t accepted, there will be more spending cuts.
Republicans will supposedly have an incentive to make concessions the next time around, because defense spending will be among the areas cut. But the G.O.P. has just demonstrated its willingness to risk financial collapse unless it gets everything its most extreme members want. Why expect it to be more reasonable in the next round?
In fact, Republicans will surely be emboldened by the way Mr. Obama keeps folding in the face of their threats. He surrendered last December, extending all the Bush tax cuts; he surrendered in the spring when they threatened to shut down the government; and he has now surrendered on a grand scale to raw extortion over the debt ceiling. Maybe it’s just me, but I see a pattern here.
Did the president have any alternative this time around? Yes.
First of all, he could and should have demanded an increase in the debt ceiling back in December. When asked why he didn’t, he replied that he was sure that Republicans would act responsibly. Great call.
And even now, the Obama administration could have resorted to legal maneuvering to sidestep the debt ceiling, using any of several options. In ordinary circumstances, this might have been an extreme step. But faced with the reality of what is happening, namely raw extortion on the part of a party that, after all, only controls one house of Congress, it would have been totally justifiable.
At the very least, Mr. Obama could have used the possibility of a legal end run to strengthen his bargaining position. Instead, however, he ruled all such options out from the beginning.
But wouldn’t taking a tough stance have worried markets? Probably not. In fact, if I were an investor I would be reassured, not dismayed, by a demonstration that the president is willing and able to stand up to blackmail on the part of right-wing extremists. Instead, he has chosen to demonstrate the opposite.
Make no mistake about it, what we’re witnessing here is a catastrophe on multiple levels.
It is, of course, a political catastrophe for Democrats, who just a few weeks ago seemed to have Republicans on the run over their plan to dismantle Medicare; now Mr. Obama has thrown all that away. And the damage isn’t over: there will be more choke points where Republicans can threaten to create a crisis unless the president surrenders, and they can now act with the confident expectation that he will.
In the long run, however, Democrats won’t be the only losers. What Republicans have just gotten away with calls our whole system of government into question. After all, how can American democracy work if whichever party is most prepared to be ruthless, to threaten the nation’s economic security, gets to dictate policy? And the answer is, maybe it can’t.
Here is Krugman on it:
http://www.nytimes.com/2011/08/01/o...-debt-ceiling.html?_r=1&src=ISMR_HP_LO_MST_FB
OP-ED COLUMNIST
The President Surrenders
By PAUL KRUGMAN
Published: July 31, 2011
RECOMMEND
COMMENTS (975)
SIGN IN TO E-MAIL
REPRINTS
SHARE
A deal to raise the federal debt ceiling is in the works. If it goes through, many commentators will declare that disaster was avoided. But they will be wrong.
Fred R. Conrad/The New York Times
Paul Krugman
Go to Columnist Page »
Blog: The Conscience of a Liberal
Related
Obama and Leaders Reach Debt Deal (August 1, 2011)
Times Topic: Federal Debt Ceiling
Related in Opinion
Ross Douthat: The Diminished President (August 1, 2011)
Op-Ed Contributors: Our Unbalanced Democracy (August 1, 2011)
Editorial: To Escape Chaos, a Terrible Deal (August 1, 2011)
Readers’ Comments
Readers shared their thoughts on this article.
Read All Comments (975) »
For the deal itself, given the available information, is a disaster, and not just for President Obama and his party. It will damage an already depressed economy; it will probably make America’s long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a long way down the road to banana-republic status.
Start with the economics. We currently have a deeply depressed economy. We will almost certainly continue to have a depressed economy all through next year. And we will probably have a depressed economy through 2013 as well, if not beyond.
The worst thing you can do in these circumstances is slash government spending, since that will depress the economy even further. Pay no attention to those who invoke the confidence fairy, claiming that tough action on the budget will reassure businesses and consumers, leading them to spend more. It doesn’t work that way, a fact confirmed by many studies of the historical record.
Indeed, slashing spending while the economy is depressed won’t even help the budget situation much, and might well make it worse. On one side, interest rates on federal borrowing are currently very low, so spending cuts now will do little to reduce future interest costs. On the other side, making the economy weaker now will also hurt its long-run prospects, which will in turn reduce future revenue. So those demanding spending cuts now are like medieval doctors who treated the sick by bleeding them, and thereby made them even sicker.
And then there are the reported terms of the deal, which amount to an abject surrender on the part of the president. First, there will be big spending cuts, with no increase in revenue. Then a panel will make recommendations for further deficit reduction — and if these recommendations aren’t accepted, there will be more spending cuts.
Republicans will supposedly have an incentive to make concessions the next time around, because defense spending will be among the areas cut. But the G.O.P. has just demonstrated its willingness to risk financial collapse unless it gets everything its most extreme members want. Why expect it to be more reasonable in the next round?
In fact, Republicans will surely be emboldened by the way Mr. Obama keeps folding in the face of their threats. He surrendered last December, extending all the Bush tax cuts; he surrendered in the spring when they threatened to shut down the government; and he has now surrendered on a grand scale to raw extortion over the debt ceiling. Maybe it’s just me, but I see a pattern here.
Did the president have any alternative this time around? Yes.
First of all, he could and should have demanded an increase in the debt ceiling back in December. When asked why he didn’t, he replied that he was sure that Republicans would act responsibly. Great call.
And even now, the Obama administration could have resorted to legal maneuvering to sidestep the debt ceiling, using any of several options. In ordinary circumstances, this might have been an extreme step. But faced with the reality of what is happening, namely raw extortion on the part of a party that, after all, only controls one house of Congress, it would have been totally justifiable.
At the very least, Mr. Obama could have used the possibility of a legal end run to strengthen his bargaining position. Instead, however, he ruled all such options out from the beginning.
But wouldn’t taking a tough stance have worried markets? Probably not. In fact, if I were an investor I would be reassured, not dismayed, by a demonstration that the president is willing and able to stand up to blackmail on the part of right-wing extremists. Instead, he has chosen to demonstrate the opposite.
Make no mistake about it, what we’re witnessing here is a catastrophe on multiple levels.
It is, of course, a political catastrophe for Democrats, who just a few weeks ago seemed to have Republicans on the run over their plan to dismantle Medicare; now Mr. Obama has thrown all that away. And the damage isn’t over: there will be more choke points where Republicans can threaten to create a crisis unless the president surrenders, and they can now act with the confident expectation that he will.
In the long run, however, Democrats won’t be the only losers. What Republicans have just gotten away with calls our whole system of government into question. After all, how can American democracy work if whichever party is most prepared to be ruthless, to threaten the nation’s economic security, gets to dictate policy? And the answer is, maybe it can’t.
He did not necessarily mess up right now. He was in a terrible position.
He messed up when few months before the election he did not make the taxes an election issue when he did not act like lyndon johson and did not put every democrats on notice that even if they want to vote against this thing (tax hikes on 250+ and debt ceiling) they should
freaking forget about their district getting money.
what he do? he said let's listen to the democrats that said please don't make me vote for a tax increase or a debt increase.
Those "democrats/liberals" all lost anyway.
all obama has achieve has been foreign policy victories.
republican will take over the senate next year (even if obama gets reelected) they will defund his healtcare bill, they will defund oversight of banks and insurance comapnies, they will defund creditcard and mortage monitoring.
and four years would have been passed by an absolutely nothing in this country would be done except trillions more for wars, medicate closer to extinction.
if liberals stood and fought going down at least next times liberals would bother fighting for them.
but instead they go down like retards and nobody ever want to contribute to them.
He messed up when few months before the election he did not make the taxes an election issue when he did not act like lyndon johson and did not put every democrats on notice that even if they want to vote against this thing (tax hikes on 250+ and debt ceiling) they should
freaking forget about their district getting money.
what he do? he said let's listen to the democrats that said please don't make me vote for a tax increase or a debt increase.
Those "democrats/liberals" all lost anyway.
all obama has achieve has been foreign policy victories.
republican will take over the senate next year (even if obama gets reelected) they will defund his healtcare bill, they will defund oversight of banks and insurance comapnies, they will defund creditcard and mortage monitoring.
and four years would have been passed by an absolutely nothing in this country would be done except trillions more for wars, medicate closer to extinction.
if liberals stood and fought going down at least next times liberals would bother fighting for them.
but instead they go down like retards and nobody ever want to contribute to them.
The tea partiers seem as unhappy about the deal as the liberals are:
http://www.wnd.com/index.php?fa=PAGE.view&pageId=328933
http://www.wnd.com/index.php?fa=PAGE.view&pageId=328713
http://www.wnd.com/index.php?fa=PAGE.view&pageId=328933
http://www.wnd.com/index.php?fa=PAGE.view&pageId=328713
Obama has now missed multiple chances to be a president. Presidents are expected to make decisions. Obama's decisions have so far all been dictated to him. When was the last time this man made a presidential decision (ok he gave the order to kill Osama! big fucking deal)
Unless he stages an incredible public outcry against the tea-party freaks, the banks and corporations, he will lose all the remaining support for the 2012 election. What a waste...
Unless he stages an incredible public outcry against the tea-party freaks, the banks and corporations, he will lose all the remaining support for the 2012 election. What a waste...
Well the way things are going, even Sarah Palin's daughter could easily give him a good ride up until the very end (very sad). He has shown so much weakness that cornering him in the media will be a non-issue for any candidate.
Is Ron Paul running next year? If Obama is to lose, Ron Paul is the only worse to choose among the worst.
Is Ron Paul running next year? If Obama is to lose, Ron Paul is the only worse to choose among the worst.
IMO this is not entirely Obama's fault. I don't think the democratic party was also wholeheartedly behind him. Popular support on the street is one thing and the political machinery is quite another. Keep in mind that traditionally it was the democratic party that was the segregationist and racist party of the south all the way through 1960s. I would not be surprised if some powerful democrats are quite pleased with his downfall. Having said that, his lack of leadership and self-confidence is quite obvious. he was reluctant to translate his mass support into an effective political base - more or less like our own Khatami after his election in 1997.
Obama had full public support behind him when he became president and should have rode on it the first day and not have chosen to put the same people back in the office that were hinderance. That shows he knew nothing and had no plan and wanted to ride on them. Such is how he has been running his presidency always waiting for others to come up with the plan and then compromise.
Obama should have used executive order the first day he became president to close Guatanama.
He should have had his financial plan to the congress the first week he became president.
His insurance plan should have been to the congress the second week that he became president.
This is what FDR did. And I dont think FDR had a democratic congress.
Obama made a catasrophic move putting into office the same people who were problematic during the Clinton era. They were already in the pocket of lobbyiests. They would come to be hinderance as rightly so.
How pathetic do you have to be, how incompetent do you have to be to become the president of the US with a huge number of support, and whether you had the both sides of the congress, and stil even having one side of the congress, having all the laws you pass come out of the opposition who only have the house of representative. Useless. He lost my vote.
Obama should have used executive order the first day he became president to close Guatanama.
He should have had his financial plan to the congress the first week he became president.
His insurance plan should have been to the congress the second week that he became president.
This is what FDR did. And I dont think FDR had a democratic congress.
Obama made a catasrophic move putting into office the same people who were problematic during the Clinton era. They were already in the pocket of lobbyiests. They would come to be hinderance as rightly so.
How pathetic do you have to be, how incompetent do you have to be to become the president of the US with a huge number of support, and whether you had the both sides of the congress, and stil even having one side of the congress, having all the laws you pass come out of the opposition who only have the house of representative. Useless. He lost my vote.
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I don't think it will emerge by next year. The strongest one would be Mitt Romney and let's just say I don't see too many Tea Partiers voting for him. The Republican party doesn't seem to have much of a center right now, or at least that center is effective at not doing a thing. I also don't consider a guy like Bobby Jindal who is a creationist to be a credible candidate. So he should still win it but damn it..this is just sad.
I don't think so..
Ron Paul? But yes, he's running, just don't expect him to get over 4% among Republicans. But even if, actually I would love to see Ron Paul in office. Maybe it would be time to get rid of all the fairy tales once and for all and start fresh over.
I actually had the same Khatami comparisons in mind. Obviously, whenever a crook like Harry Reid is your ally in congress and your party loses a seat in Massachusetts that has been part of the national heritage...
although, I wouldn't really suggest that these guys are racist. I really just think that they are incompetent. And remember, it's always easier not to do anything and be against than actually do something. But still, if you start taking these guys seriously, it's your own fault.
I don't think so..
Ron Paul? But yes, he's running, just don't expect him to get over 4% among Republicans. But even if, actually I would love to see Ron Paul in office. Maybe it would be time to get rid of all the fairy tales once and for all and start fresh over.
I actually had the same Khatami comparisons in mind. Obviously, whenever a crook like Harry Reid is your ally in congress and your party loses a seat in Massachusetts that has been part of the national heritage...
although, I wouldn't really suggest that these guys are racist. I really just think that they are incompetent. And remember, it's always easier not to do anything and be against than actually do something. But still, if you start taking these guys seriously, it's your own fault.