Cartoonist Chip Bok illustrates the president's negotiating position. It has not changed since last week. - more of his here
Bok: Illustrating the President's Negotiating Position
Posted by
Jim Spence
on Monday, July 25, 2011
Labels:
U.S. Politics
4 comments:
The president over played his hand on this debt ceiling issue. He's a liar that there will be a default or a halt to social security payments if there's no increase in the debt ceiling. I'm praying that there's no deal so his bluff can be exposed. My bet is that virtually NOTHING happens and even if there's a negative market reaction it'll be a knee jerk reaction that will only create buying opportunities.
The president is more concerned about his re-election than cutting a deal to get the debt ceiling raised and moving on. He insists on a deal that gets him PAST election day rather than doing what is best for the nation NOW even if it means he'll have to deal with this issue during an election year. I hope everyone pays attention to his speech tonight, it will be FULL of half truths and pointing fingers at everyone but himself. The American people deserve better. He is without a doubt the most selfish man in American politics. He will lose in historic fashion if he continues on this course. His actions make me believe he's so concerned about himself that he sees a political benefit in allowing August 2nd to come without a deal so he can save his 2nd term in hopes he can blame republicans and make it stick. He could care less about the people.
The president's speech was nothing more than a campaign speech. It sounds to me like the president choked at the moment of truth and moved the target once an agreement looked eminent. He still blames GWB and was carping over the plans that are close to being approved by the senate and the congress. Any catastrophe that comes from this debacle will be his failing. In short, he lied to the American people tonight.
The president looked anything but presidential tonight but did look to be in campaign mode. Instead of acknowledging his contributions to the crisis he pointed fingers at everyone but himself. The Speaker of the House sounded more like someone interested in reversing what got us into this mess. It's hard to disagree with the speaker when e said we need to stop spending more than what we bring in. The economy is so fragile with unemployment over 9% that a tax increase would not help to create jobs. Creating jobs would kill two birds with one stone. People would get off the unemployment rolls, generate more tax revenues, stimulate the economy and build confidence. At this point employers are reluctant to hire. We need to change that.
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