Per ABC News, Obama stormed out of a meeting with Eric Cantor and others when Republicans suggested a short term solution to the debt ceiling dispute because the negotiations were still far apart:
“Don’t call my bluff,” the president said. “I am not afraid to veto and I will take it to the American people.”
If Moody’s, the credit rating agency that announced a review of U.S. credit, downgrades the United States, President Obama said, “it will be a tax increase on every American.”
There needs to be a long-term debt extension, the president argued.
“This may bring my presidency down, but I will not yield on this,” he said.
Then he stood up.
“Enough is enough,” the president insisted. “We have to be willing to compromise. It shouldn’t be about positioning and politics, and I’ll see you all tomorrow.”
Then he left the room.
At the press conference on Monday when Obama said that he would not agree to any short term extensions, I noted those would end up “famous last words.”
He’s locked himself into a position from which he left himself no face-saving means of exit.
Added: More background on the problem, the Democrats were backtracking on promised spending cuts, via NRO:
Cantor expressed a growing frustration over the rapidly dwindling spending cuts believed to have been agreed to in the Biden negotiations, having gone from about $2 trillion in savings to less than $1.4 trillion over the course of several days. As Rich mentioned, much of the discrepancy is the result of Democrats’ taking cuts to mandatory programs and entitlements off the table, and insisting on additional spending. Cantor said this was likely the result of significant disagreement between congressional Democrats and the president.
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He doesn’t want to have to deal with the debt ceiling again before the election next year. I think this is his #1 concern, with #2 being protecting all the new spending he’s put in place. So long as the issue goes away and he doesn’t have to cut spending, he’ll be happy. He just doesn’t have a clue how that’s possible (if he had a clue, he’d know that its not possible, as a matter of math rather than politics).
Republicans could grant his wish and still screw him. Pass a permanent bill, no expiration date, with spending cuts and a debt ceiling increase, but have the increase be $1 Trillion or less. The deficit is about $1.6 Trillion per year, so next spring they’d have to raise the debt ceiling again. The presidential campaign would be interrupted by a highly visible reminder that Obama has bankrupted the country just a year after the previous time he bankrupted us.
Sorry, but I think you left out the best quote from Dear Leader.
[At this point, Cantor explained, the president became “very agitated” and said he had “sat here long enough,” that “Ronald Reagan wouldn’t sit here like this” and “something’s got to give.”]
BHO isn’t fit to be mentioned in the same breath as Reagan, let alone even the ‘vaguest’ comparison.
The fact that this low-rent scumbag sponger of a President – a man who has scarcely earned a dime in his life that didn’t come from some taxpayer-funded extortion racket – now sees fit to lecture the hard-working middle class of America on the necessity that they pay more taxes is really sickening.
My combined household income is slightly above $250k, but in the DC suburbs, that’s nothing. My effective tax rate is ALREADY well above 50%% if you count Federal, State, local, sales, gas, and food taxes. Not to mention all the little niggling phone use taxes and internet taxes and all the rest of the hidden bullshit charges that add up. And the fact that I refuse to send my kids to the public indoctrination centers, so I pay for private schooling AND public schooling. SCREW YOU. It’s MY MONEY. I scrimped. I saved. I’m the guy delaying my gratification. You can’t change the rules on me midstream, you G-D Commie bastard. It’s my life your stealing and it pisses me off. You’re taking time away from that that I could spend with my kids, you’re stealing my life so that some whiny Affirmative Action college kid doesn’t have to pay interest on a college loan while in school. I have news for you whiny little jerks: GET A JOB. I had one. I paid my college loans. I worked in college. You can too. Get your poverty pimp hands off my shit. IT’S NOT YOURS!
The newest car I drive is a 1990 Benz I bought for $500. I don’t have cable, I don’t take foreign vacations, because I can’t afford to fly a family of 4 anywhere. AND THIS SPONGER ASSHOLE WANTS ME TO PAY MORE, so that he can take my money and use it to pay non-taxpayers spongers like him to vote for him, thereby expanding the number of people in America who pay no taxes and have no skin in the game. SCREW THAT.
November 2012 can’t get here fast enough.
Luke, you have just said everything I have been thinking but couldn’t put into words. Thank you! May I share your comments with my friends? They need to be heard. And thank you again for your honesty and forthrightness.
Here, here!
Seems to me that Obama tipped his hand there. He just admitted that he was bluffing when he called his stance a bluff. A more appropriate phrase might have been, “You don’t want to call me on this.” Perhaps this was a Freudian Slip.
The last I saw, the polls showed more people against raising the debt limit than for it. Maybe he isn’t as confident in “taking it to the American people” as he was suggesting.
“This may bring my presidency down…” Is he kidding? Could it possibly get any lower? We can only hope it brings him TOTALLY down!
If Moody’s, the credit rating agency that announced a review of U.S. credit, downgrades the United States, President Obama said, ”it will be a tax increase on every American.”
Uhm, uhm, don’t look now but Moody’s said they have reviewed and are going to down grade the debt… Does this mean you now don’t need to raise my taxes since they surely will anyhow? I’m just saying you know, mission accomplished. Nothing left to do but slash the budget.
Moody’s may downgrade U.S. triple-A rating
http://www.marketwatch.com/story/moodys-may-downgrade-us-triple-a-rating-2011-07-13
[…] Insurrection has more:“Don’t call my bluff,” the president said. Per ABC News, Obama stormed out of a meeting with Eric Cantor and others when Republicans suggested […]
so he’s admitting that he’s “bluffing” ? or does he just not know the meaning of the word ?
Is Obama really willing to blow this deal up, not based on the economics or substance, but simply because he doesn’t want to negotiate a bridge (now) to a permanent deal (later)? I guess having to come back to the negotiating table next year will interfere with his campaign schedule.
Call his bluff.
[…] Obama Come To Blows The Camp Of The Saints: “Recedite, Plebes! Gero Rem Imperialem!” Legal Insurrection: “Don’t Call My Bluff”, The President Said Allahpundit: Angry Obama Storms Out Of Debt Negotiations Weasel Zippers: Gallup Says Plurality […]
Best quotes of the last 24…
“Obama To Cantor: Don’t Call My Bluff”
“Pro tip…don’t tell people you’re bluffing.”
Ace of Spades HQ
El Foldo
“Its hard to believe, but the Republicans look like they’re about to fold again. They talk tough, but they don’t act tough. Its incredible. Look at what’s going on. It’s called ‘el foldo’.”
“They are going to do something with the debt ceiling. They could negotiate so strong. They could negotiate so powerfully. Right now they’re losing all their chips just like they did in December. They call it the ‘lame duck’ session, where they gave Obama everything he wanted and frankly they had all the cards. Right now they have all the cards and they’re going to give up their hand. I don’t believe what’s going on. And that’s one of the reasons I’m so disgusted with them.” Donald Trump
Don’t let the door drive your head further up on the way out! And, “…take it to the American people”…? He has already done that.
So, after the shock of President Petulant storming out of the meeting like Loretta Young, I wonder how Cantor didn’t laugh his ass off. I would have paid money to see this.
If Obama wants a second term, he’d better get used to playing well with others instead of him and his Missus living like lottery winners on the taxpayers’ money.
[…] change from one meeting to the next. Obama continued further and said he would not stand for any any short term extensions.“I will not sign a 30 day, or 60 day, or 90 day […]
How to maneuver President Barack Hussein O’Bupkis into such a state of rage that he threatens to resign his office should he not get what he wants. Then use his puerility to have him do so. There is a worthy goal of the negotiations.
You fools! LOL No, the republicans are the real threat to America. We were driven into the abyss by the republicans and are just now starting to claw our way out. NOW the republicans will do anything in their power to drive us back into that abyss by not raising the debt. It was raised 7 times under the Bush Administration without a care in the world. All of a sudden a President a couple of shades darker presents you with the same idea it’s a problem? This is a clear indication that the Republican’s behavior is clearly motivated by racial tension. To witness an African American succeed in the White House seems to be a tough pill to swallow in the Republican House, but in America it just may be the cure the country needs to function as a whole. The Republican would be wise to stop watching Glenn Beck, Rush Limbaugh, and the fools who follow their political tirades.
[…] of the fedora to William Jacobson, via Wombat-Socho’s Live At […]
Bush presidency was going well the first 5 years or so
he fixed the Clinton economy clinto left us with… (but that was with Republicans in control of congress)
….and then when it fell to Democrats in 2006….
you suddenly see… the economy start to decline…
leading up to the 2008 economic crisis.
you should never put Democrats in charge of anything….
Especially when it concerns the economy or economic prosperity ….Bohner should think about this….
he should know that with a defaulting economy he would have 0bama by the balls …on these talks…. so don’t cave or give in on anything. (even if it does cost them congress…)
….if the country does default… or if a short term agreement is made forcing 0bama to raise taxes on the all americans… he will pay the price in 2012…
he will pay it moreso if the economy declines at an accelerated rate at about the time of this coming election.
also… 0bama caved on bush tax cuts….
what makes ya think this time would be any different?
All of the blame will fall on him if a default happens
he’ll also be blamed for tax hikes. he’ll cave.
he acts like it will not effect him…
but he will cave as he don’t want to deal with another economic crisis.
that would be that much worse for him than conservatives.
and he would have no one he could really blame for it. (especially if he’s the one that veto’d the bill) *LOL*