Economist: blame for deficit negotiation impasse directly at the feet of Republicans

no, he made the offer, they said no.

The Repugs are badly split in the House, and the House is split vs Senate.

Default sure looks unavoidable now.

This fake fiasco is 100% on the Repugs. They make America look like jerkoff country.

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Originally Posted by Wild Cobra

Bullshit.

It's just empty words until its in a tangible form.

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That's just an excuse. You can agree to something in principle before you hammer out the exact details of every cut.

That's part of how the NFL lockout ended.

The reality is many republicans have said they won't raise the debt ceiling no matter what.

The rest won't be satisfied until Obama forks over his lunch money too.

The Repugs are demanding that Congress pass a balanced budget amendment to send to thee states for ratification.

For 6 years of controlling Congress + WH, how about this:

Republicans Never Voted On A Balanced Budget Amendment When They Controlled Congress Under Bush

Despite their plan failing to receive even a majority in the Senate — far less than the two-thirds required for a constitutional amendment — Republicans have continued to demand, as they have for months, that a balanced budget amendment be a part of any deal to raise the debt ceiling.

falo on Jul 26, 2011 at 7:20 pm

House Republicans last week insisted on passing their radical “cut, cap, and balance” plan, which would allow the federal debt ceiling to be raised only if a balanced budget amendment (complete with a federal spending cap and a supermajority requirement for tax increases) is approved by Congress and sent to the states. The Senate tabled the bill by a vote of 51-46.

Despite their plan failing to receive even a majority in the Senate — far less than the two-thirds required for a constitutional amendment — Republicans have continued to demand, as they have for months, that a balanced budget amendment be a part of any deal to raise the debt ceiling. And the GOP is framing its BBA push as some kind of favor for the next generation. For instance, Rep. Jeb Hensarling, who chairs the House Republican Conference, said today that the balanced budget amendment is “not about the next election. It’s about the next generation.” Watch it:

However, when the Republicans held both chambers of Congress from 2001 to 2006, and had a Republican in the White House, they not only didn’t approve a balanced budget amendment, they never even held a vote on it.

their utter indifference to the idea when they actually had the power to advance it shows that it’s nothing more than a political ploy.

http://thinkprogress.org/economy/201...mendment-bush/

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Originally Posted by Wild Cobra

So...

Do you agree reducing taxes corporate will bring that money back to our shores, or not?

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The tax holiday discussed by Taibbi is a one off that will have little lasting effect -- except maybe to whet the appetite of lobbyists for more and bigger holidays down the line.

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Originally Posted by Wild Cobra

One time actions don't cut it. Just as simple as that.

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That makes no sense. What do you mean?

"Obama folds faster than patio furniture." This was a great line, Winehole.

Obama fucked up with the kumbaya crap with the Republicans when he came into office instead of slapping them upside the head. Now he's throwing punchs while he's back on his heels. Until the dems start learning to play hardball the repubs will show them no respect.

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Originally Posted by byrontx

"Obama folds faster than patio furniture." This was a great line, Winehole.

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Unoriginal, but I can't recall who I swiped it from.

David Stockman.

http://english.stackexchange.com/que...awn-chair-mean

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Originally Posted by byrontx

"Obama folds faster than patio furniture." This was a great line, Winehole.

Obama fucked up with the kumbaya crap with the Republicans when he came into office instead of slapping them upside the head. Now he's throwing punchs while he's back on his heels. Until the dems start learning to play hardball the repubs will show them no respect.

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The democrats in general play hardball real well. They just have an inexperienced shithead as president. The presidency is not the place to OJT in leadership.

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Originally Posted by RandomGuy

but I swear if the Republicans fuck this up too...

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You'll what?...vote for a democrat?

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Originally Posted by Winehole23

The tax holiday discussed by Taibbi is a one off that will have little lasting effect -- except maybe to whet the appetite of lobbyists for more and bigger holidays down the line.

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not a one off at all.

$300B @ 5% repatriated under dubya.

UCA will continue evading, avoiding taxes, parking profits overseas, and will ask for tax holidays again.

It will go 100% to mgmt, buybacks, stockholers, not to job creation.

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Originally Posted by Wild Cobra

The democrats in general play hardball real well. They just have an inexperienced shithead as president. The presidency is not the place to OJT in leadership.

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If there's leadership lacking on this specific topic, it's entirely on the GOP side. Reid (and the Senate in general) all seem to fall pretty much in line with the president. No leadership problem there. On the other hand, Boehner tried to cut a deal and couldn't even get Cantor to align himself with it. Now Cantor is onboard and they still have problem having the caucus aligned along party lines. One would argue that the house is not the place to OJT in leadership either, I guess.

Interesting excerpt I found (from the NYTimes):

Dan Weiser, a spokesman for the House’s chief administrative officer, said the calls spiked at midday when members’ offices received about 40,000 phone calls — roughly double a normal hour’s call volume.

“I have had phone calls from constituents all across the Third District suggesting we raise taxes,” said Representative Steve Womack, Republican of Arkansas. “But this economy is too fragile.”

G.O.P.’s No-Tax Stance Is Outside Political Mainstream

The Republicans in the House of Representatives are extremely conservative on fiscal matters and are significantly out of step with the public as a whole. Given that Democrats continue to control the Senate and the White House, and that their votes may be necessary in the House as well, this makes compromise nearly impossible.

http://fivethirtyeight.blogs.nytimes...al-mainstream/

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Originally Posted by SnakeBoy

You'll what?...vote for a democrat?

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Good point.

I will however, be able to make a very clear case to independents about exactly how Republicans can't be trusted, especially when that party has obviously allowed itself to be taken over by its most radical elements.

Between "stay the course" and "hell no", among other things, one would hope a rather clear picture would emerge and be evident to any political passers by.

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Originally Posted by boutons_deux

G.O.P.’s No-Tax Stance Is Outside Political Mainstream

The Republicans in the House of Representatives are extremely conservative on fiscal matters and are significantly out of step with the public as a whole. Given that Democrats continue to control the Senate and the White House, and that their votes may be necessary in the House as well, this makes compromise nearly impossible.

http://fivethirtyeight.blogs.nytimes...al-mainstream/

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Few Americans, however, take the view that spending cuts alone should be made in a deal, with no tax increases at all. In fact, only 26 percent of the Republican voters surveyed in Gallup’s poll took that position, along with 20 percent of voters overall.

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One quarter of one half the population.

Basically we are being held hostage to less than 1/8th of our electorate, who are behaving like pouty children.

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Originally Posted by RandomGuy

One quarter of one half the population.

Basically we are being held hostage to less than 1/8th of our electorate, who are behaving like pouty children.

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But they are loud, aren't they?

They can ruin a whole restaurant, whining, screaming, stomping their feet, rolling on the floor (it's what Wall St pays them to do).

Ruins your dining? Alert the conductor.

And so it begins?:

Wall Street slides on earnings, economy, politics

Down about 100 points so far (a bit less than 1%, NASDAQ and S&P off by more than a percent.

10 year bond yields are up (implying an expected rise in interest rates)

I wonder when the real stampede will get started. Saw an interesting article about someone putting a billion dollar bet already.

No idea what to expect, but one has to wonder at this point.

Boner's born-yet-again plan is due Friday, leaving about 72 hours for a split Repug party to get behind it, which they probably won't. Then past the Dem Senate and Dem WH. Little chance.

Default, 100% due to the Repugs' fabricated crisis, seems inescapable.

Come on, Barry, grow a dick and spine, spew the 14th Amendment all over these assholes.

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Originally Posted by RandomGuy

And so it begins?:

Wall Street slides on earnings, economy, politics

Down about 100 points so far (a bit less than 1%, NASDAQ and S&P off by more than a percent.

10 year bond yields are up (implying an expected rise in interest rates)

I wonder when the real stampede will get started. Saw an interesting article about someone putting a billion dollar bet already.

No idea what to expect, but one has to wonder at this point.

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A hundred point drop is a yawner and happens all the time.

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Originally Posted by CosmicCowboy

A hundred point drop is a yawner and happens all the time.

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No shit, I was thinking the same thing. Must be important because he saw it in print someplace.

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Originally Posted by RandomGuy

I will however, be able to make a very clear case to independents about exactly how Republicans can't be trusted, especially when that party has obviously allowed itself to be taken over by its most radical elements.

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Ahh so for the coming election you're planning on annoying your coworkers & friends with your political ramblings.

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Originally Posted by boutons_deux

Default, 100% due to the Repugs' fabricated crisis, seems inescapable.

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We're not going to default...but live in fear if you like.