Obama Won Debt Debate — He Just Doesn’t Know It


Pages: 1 2

So, who “won” the debt ceiling standoff? President Barack Obama — for two reasons.

First, the tea party-influenced GOP stopped his job-killing bucket list: higher taxes, more “stimulus,” union card check, and cap and trade, among the items. Whatever the economy does going forward, it will be better than had Obama and the Dems not been whacked. The policies of the last two-and-a-half years — ObamaCare, “stimulus,” bailouts, regulation, “green technology investments,” “quantitative easing” (or as normal people would say, printing money), taxing and threatening to raise taxes further — have failed. The debt-ceiling debate — plus the new Republican majority in the House and the Democrats’ loss of their Senate supermajority — changes the game for the rest of his presidency.

Even as the President’s policies harm the economy, there is an absolute boom in manufacturing excuses for the dismal results. One member of the administration’s economic team blamed the debt ceiling debate: “(The problem) is the cloud of uncertainty that comes from the American public thinking that we are on the verge of default. And that has hurt confidence and hurt our economy over the last few months. No question.” Well, yeah, except the weak economic numbers long preceded the debt ceiling debate.

The hysterical left says that only the tea party won. The “cuts” were not offset by “new revenue”! “Millionaires and billionaires” kept their current tax rates! The “corporate loopholes” for “oil companies” and “corporate jet owners” remain! The tea party-led GOP acted “like terrorists” who “held America hostage”! This “small band” of “extremists” and “hard-liners” managed to “impose their will on the rest of America” and fed us, according to one particularly unhappy Democratic congressman, a “Satan sandwich”!

Such B.M.W. over a potential slowdown — not even a reversal — of government spending! Under the deal, the real mechanism for controlling spending — a balanced budget amendment — is only promised a future vote. The spending continues. The debt grows bigger. Whether under the John Boehner, Harry Reid or cut/cap/balance plans — or the imaginary, unwritten “Obama plan” — spending continues to grow. Under the recently passed “cuts,” the national debt, currently at $14 trillion, could still double over the next 10 years — absent major surgery.

Second, Obama won this way. The drama put the bad gross domestic product numbers on the back page.

Pages: 1 2

  • john ford

    moron! you racist f***k

    • StephenD

      And, and you are…a poopy pants!
      I see how calling someone a name can make you feel better if the facts don't support an argument against what was said.
      Either present a factual argument…or shut up.

  • Reason_For_Life

    Larry, the Tea Party got nothing in this debacle except the blame for forestalling the "inevitable".

    Taxes will go up automatically when the "Bush cuts" expire. Spending will continue unabated. There will be no balanced budget amendment. Obama pitched a shutout allowing only a delay in getting everything he wanted and did it without even having to take the mound. The GOP struck out without ever having a pitch thrown to them.

    Were any federal agencies defunded or at least de-fanged? Was ObamaCare even mentioned? Was a single entitlement changed? Were any farm subsidies cut?

    The GOP went into this determined to surrender everything after putting up a faux opposition. They succeeded in helping the Democrats get everything they wanted.

    Watch now as they surrender on Cap and Trade, closing tax "loopholes", more stimulus for useless "infrastructure" and at least two more wars to make the world safe for democracy in Libya and Syria.

    • StephenD

      Do you see how it is done John Ford? THIS is a factual argument and one I can agree with. Now, we can both be wrong but the facts would have to prove it.
      REASON got it right I believe.

  • Open

    The GDP figures are everywhere.

  • r n

    Obama also got the down grade!

  • Asher

    Obama didn't win anything, he is a Thug and Destroyer of Peace and Prosperity!

  • tanstaafl

    Obama may have revealed himself and the Democratic party as living in a fantasy land of Marxist thought.

  • voted against carter

    ***NEWS FLASH******NEWS FLASH******NEWS FLASH***

    THIS JUST IN…..

    Jimmy Carter loses "WORST U.S. PRESIDENT EVER" tittle to Barack Obama!!!

    Barack Obama takes "WORST U.S. PRESIDENT EVER" title from Jimmy Carter.
    Carter was notified late yesterday of the loss. Carter expressed bitter disappointment at the loss. Carter stated that when he was president, he worked hand in hand with the Mid-East Anti American Coalition to obtain the tittle and was assured by Mid-East Anti American Coalition that the "WORST U.S. PRESIDENT EVER" title would be his for at least the next 100 years.

    Obama was proud of his accomplishment and stated that THIS title he has ACTUALLY EARNED!!!!!!

    Not like his Nobel prize that he received for JUST SHOWING UP!!

    ***NEWS FLASH***Obama THE WORST U.S. PRESIDENT EVER!!!

  • voted against carter

    ***NEWS FLASH** NEWS FLASH**

    MONKEYs FLY OUT OF PRESIDENTS REAR END!!! video at 11:00,…

    THE eCONomy REALLY, REALLY IS IMPROVING!! No REALLY,.. IT IS,..

    PIGS REALLY DO FLY!!!!

    WHITE HOUSE TRIES TO CLARIFY 1967 BORDER REMARKS

    "ONLY A ‘STARTING POINT"

    PROVEN FACT,… JOE BIDEN REALLY IS the SMARTEST MAN ALIVE!!!

    AL GORE REALLY REALLY DID INVENT THE INTERNET!!!

    UNICORNS and FAIRY dust ARE REAL!!!!

    NEW INFINITELY re-usable ENERGY SORCE FOUND,…
    PIXIE DUST ON THE MOON!!!!

    More from NPR, CNN, ABC, NBC, MSNBC, AP, TIME, NY POST, …

  • Anamah

    This is the President Obama downgrade. He has worked hard to achieve it. He and his Party comrades want to prove Cloward and Piven were exactly right… Well, the puppet master is preparing Hillary behind the curtain for the next episode of this cruel, destructive Democratic show. I stand for America.