On Saturday, House Speaker John Boehner ends talks with Obama as Sunday afternoon approaches with the opening of the Asian markets. After a 50-minute meeting with Barack Obama, Mitch McConnell, Harry Reid, Nancy Pelosi and Joe Biden, John Boehner, Speaker of the House, assumed the mantle of leadership and ceased further negotiations with the White House. Boehner had earlier compared Obama to Jello for continuously changing and shifting positions. So Speaker Boehner met later with McConnell, Reid and Pelosi at his office and intends to deliver a debt ceiling plan by 4pm EDT Sunday, two hours before the American futures begin trading in Asia.
It is obvious now that some Democrats are ready to break away from Obama in order to resolve the debt crisis. The lesson in political history does not escape them. While Bill Clinton benefited from the government shutdown battle with Republicans and Newt Gingrich in 1996, Congressional Democrats did not. Clinton threw them under the bus to save his own hide and Obama now appears to be doing the same to the current Democrats in Congress. In the latest round of talks, Obama threw a curve ball trying to get $1.2 Trillion in revenue increases after Boehner agreed to $800 Billion.
Early details are sketchy, but the new plan by Boehner is a two-stage one which will provide for an immediate increase in the debt ceiling to avoid any possibilities of a default or suspension of any government payments or services through till next year. The second stage will be a ′super-committee′ of Democrat and GOP lawmakers whom will hammer out $4 Trillion dollars in spending cuts and then provide for another increase to the debt ceiling to carry the nation through till after the 2012 elections.
Now that House Speaker John Boehner ends talks with Obama as of Sunday, the White House is now shut out of participating in the negotiating process. Barack Obama has been acting like a bowl of Jello according to John Boehner, Speaker of the House, who has shown himself to be the only adult in the room. Even some Democrats are fed up with the Obama administration for their handling of the debt ceiling talks. Boehner will meet with Mitch McConnell, Harry Reid and Nancy Pelosi today to discuss increasing the debt limit. The objective now is to have a plan out this afternoon before the Asian markets open and begin trading in U.S. futures. Otherwise, Monday could wind up being a very ugly day on Wall Street.
July 24th, 2011 at 9:04 am
But the Republicans have caused the problem in the first place.
You cannot shut out the President because 1) he has veto power, and 2) his party controls the Senate. Yeah. Sure. Boehner is going to meet with Pelosi and Reid, but President Obama ain’t got nothing to do with it. He’s just Little Black Sambo lurking in the corner somewhere. Yeah. Sure.
Stop trying to appeal to Fox News-listening morons, Andrew. There are none here.
July 24th, 2011 at 9:56 am
Hah, Klo!
You really are funny today. Must be the heat wave. Your brain is more baked than usual.
Fine, if Obama wants to veto the bill, or if Reid wants to keep tabling bills so there is no vote, then let them. The government will default, get downgraded and all of our debt will be financed at higher interest rates. That will pretty much put a quick end to Barry’s agenda.
All of the Blue States with big debts will go down the drain, too. California, New York, and Illinois will be the first. The Welfare State will be unaffordable and that 51% of the population that pays no federal income tax will soon find their pockets emptied by Obama.
Oh, and BTW, there are plenty of Fox News viewers here. Some of us prefer the Truth than being lied to every day by Tingles or some other wretched soul.
July 24th, 2011 at 9:57 am
BTW, Klo,
I was amused on Friday when Obama listed only Fox News and the Wall Street Journal as the only news sources that disagreed with him. Just goes to show that the rest are in the tank with Obama, part of the State-Controlled Media.
July 24th, 2011 at 10:05 am
Fox tells the truth as you think it should be? You mean Andy? Every time I turn on Fox tv, within a few seconds their pundit activists are blamming Obama for this and that, the rare exception being Bill and Greta who cover other stories than just how bad Obama is. Of course those are I believe the two most educated tv pundits on fox, bill has a masters degree from harvard from their school of governmental affairs and Greta a law degree. Makes a diff.
July 24th, 2011 at 10:57 am
Klo, if the president wants to play dumbo, he can’t complain he is treated as such.
July 24th, 2011 at 11:12 am
ANYBODY BUT OBAMA 2012!!!
July 24th, 2011 at 11:19 am
I ONLY HAVE ONE VOTE TO GIVE FOR MY COUNTRY.
July 24th, 2011 at 11:24 am
THAT WAS NATHAN HALE BUT I GET YOUR POINT. RIGHT ON BRO…
July 24th, 2011 at 11:27 am
“Stop trying to appeal to Fox News-listening morons, Andrew. There are none here.”
Speak for yourself ass hole.
this moron watches FOX about 4 hours a day
“Fox tells the truth as you think it should be? ”
No, they tell the truth as its allowed to be discovered instead of told.
More often than any other outlet someone from both opinions are invited to discuss/debate the issue and then with that info you’re left to your own decision.
Truth is truth.
It knows no ideology or bias
July 24th, 2011 at 7:36 pm
Are you guys kidding? The Government is in this financial mess because of Obama. Where have you all been the last two years out to lunch? The stimulus and Obama Care has caused this problm Does any of you realise that Obama spends 4.6 million a day. Bush spent 1.6 million a day (way too much) and Clinton spent 500 some million a day.
THE TRUTH IS HARD TO HANDLE. That is why the left hate FOX. Personally I have been lied to enough by the left if they told the truth I would not believe it.