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Thread: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

  1. #111
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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Quote Originally Posted by ptif219 View Post
    They did they voted the GOP out in 2006
    You have a source that conservatives/republicans voted for democrats? I haven't seen that before.
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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Quote Originally Posted by ptif219 View Post
    Obama wants them to happen years from now
    Oh, what the f**k. This is completely ridiculous. You sound like a little kid, "I WANT MY SPENDING CUTS NOW!!!" We can't cut a lot NOW without screwing up the economy even more. Government expenditure is a part of GDP, and if it drops, well we're back to square one again.
    Veni. Vidi. Vici.
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  3. #113
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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Quote Originally Posted by ptif219 View Post
    Are they cuts the GOP wanted?
    If they were exactly what the GOP wanted, this wouldn't be negotiating, now would it?
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  4. #114
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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Quote Originally Posted by repeter View Post
    No, but what you're doing right now is called being hyper-partisan. The Republicans want cuts. Obama gave them cuts and taxes in return. They said no, and demanded he gives them what he wants. Ergo, Obama presented a counter offer, which included parts of what Republicans wanted, along with parts of what Democrats want.

    This stuff isn't very hard
    Did Obama offer cuts the GOP wanted? When do the Obama cuts take affect

    http://www.huffingtonpost.com/2011/0..._n_894416.html

    Democrats suggested that most spending cuts be concentrated in the later years of a deal, but a Republican aide said GOP lawmakers took issue with that suggestion and want the cuts to begin right away.

    Obama spent most of his time encouraging lawmakers to reconsider a bigger deal, on the order of some $4 trillion in spending cuts and tax hikes over 10 years. Democrats familiar with the talks said the meeting produced a clearer recognition that the leaders were going to have to go back and think again about how to find a compromise.

  5. #115
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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Quote Originally Posted by repeter View Post
    You have a source that conservatives/republicans voted for democrats? I haven't seen that before.
    Democrats won so they were voted out. If they did not vote or voted third party as I did what difference does it make?

  6. #116
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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Quote Originally Posted by 1Perry View Post
    Not if we stop spending. Also this is only my belief but I fully believe it. Much of the problems are psychological. Most would agree with that. They see the continued attack on the dollar and do not feel good about things.

    Now I know one does not automatically change the other but with higher rates the dollar would do better. People would feel better about the country without the constant attack on the dollar. Energy prices would come down and people would start spending in a more normal way.

    Attacking the dollar is no way to make the country feel like things are getting better. We were told that this would increase exports. I read where the trade deficit hit record levels last month.

    That relationship between the value of the dollar and the interest rate is not going to hold in this case, since the rise in interest rate will be due to higher risk associated with the bonds rather than easy monetary policy.

    If the debt ceiling isn't passed, expect the dollar to fall to new lows. That might be good for US export, if the world economy doesn't go into a shock.
    Last edited by nonpareil; 07-15-11 at 01:32 AM.
    Quote Originally Posted by Free_Radical View Post

    And I wasn't making an appeal to authority, I was making an appeal to the philosophical body of work of the founders, the worth and content of which should be well-known to anyone with a cursory understanding of basic history and philosophy.

    Brian

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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Quote Originally Posted by repeter View Post
    Oh, what the f**k. This is completely ridiculous. You sound like a little kid, "I WANT MY SPENDING CUTS NOW!!!" We can't cut a lot NOW without screwing up the economy even more. Government expenditure is a part of GDP, and if it drops, well we're back to square one again.

    What good does spending cuts do in 10 years? That means Obama will just continue spending. We need serious cuts now

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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Quote Originally Posted by repeter View Post
    If they were exactly what the GOP wanted, this wouldn't be negotiating, now would it?



    Then it is what Obama wants and not compromise

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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Debt ceiling: financial world warns Washington to hurry up - CSMonitor.com

    Moody, followed by Standard & Poor have already made it very clear that we don't want to do this.

    Even China has weighed in.

  10. #120
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    Re: Breaking: Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall

    Quote Originally Posted by disneydude View Post
    I agree with some of the others, I hope that the GOP doesn't back down and allows us to default. It will display even more convincingly to the American people that the GOP stands solely for the wealthiest Americans and that they are willing to destroy the middle class in the process. It will show more than ever that the GOP doesn't care about the common people.
    Well, what about the people hoping that the GDP will "destroy the middle class" so that their view of the GDP will be justified?

    Prey that Boehner can get his people in line and raise the debt-ceiling, anything else and we're heading into another bad recessions with some people guaranteed to lose their livelihood and homes.
    Quote Originally Posted by Free_Radical View Post

    And I wasn't making an appeal to authority, I was making an appeal to the philosophical body of work of the founders, the worth and content of which should be well-known to anyone with a cursory understanding of basic history and philosophy.

    Brian

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