Obama Gave Up the Store in the Debt Ceiling Crisis

August 2, 2011 RSS Feed Print
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High noon on the Ohio Clock, a gorgeous grandfather clock outside the Senate floor. That's when the end of an era will begin. Wasn't it called "Change we can believe in?” Something like that, a short era of pretty words.

The best thing Senate Democratic leader Harry Reid did during this ordeal over raising the debt ceiling is schedule the Senate "motion to concur" with the House bill at high noon Tuesday. If the Senate manages to pass something for a change, lawmakers will hand President Obama an ugly "victory" dressed up like a mule in a horse's harness. [See a collection of political cartoons on the budget and deficit.]

Yep, a Democratic majority controls the upper chamber of Congress, but you can be forgiven for forgetting that fact during the broiling summer crisis, when it was often hotter under the Dome than outdoors in the 100 degrees Fahrenheit heat. In the Capitol corridors yesterday, veteran observers turned to each other to ask: What did the Democrats get from this? What did Republicans give up?

"Not a lot," is the answer to both questions. All Obama has to be grateful for is relief that congressional Republicans allowed the global economy to wake up this morning without having the world rocked by a U.S. Treasury default on the Aug. 2 deadline. Very nice! Entre nous, I fear he's made an unforced error of tragic proportions. Americans like it when their president acts, well, presidential at high noon. That's Bill Clinton's favorite movie, by the way.

Despite House Speaker John Boehner's fragile hold over his own caucus—with 87 wild GOP freshmen running loose—the Republican majority in the House dominated the debt limit discussion, debate, and media coverage. The Democratic Senate seemed like a passenger on stand-by. That's a shame, considering we the people elected a Democratic president. Ergo, Obama and the Senate Democrats should have strategized on a way to win and outwit Boehner and Rep. Eric Cantor, number two in among House Republicans. Sorry to say it, but genial Vice President Joe Biden, a creature of the Senate, wasn't up to the job of checkmating two relative House unknowns on the political chessboard. The grim man from Ohio, Boehner, is now truly the"bane-nor" of Obama's existence. Senate Minority Leader Mitch McConnell, usually poker-faced, can't keep the canary grin off his face. [See a collection of political cartoons on the Tea Party.]

Give them this. Boehner and Cantor, along with McConnell of Kentucky, proved formidable, appearing determined not to negotiate or even blink. Obama appeased them in the end and gave up the store of everything Democrats stand for. Social fairness is the first casualty because the wealthiest Americans will still not bear any burden for paying down the debt for two unwinnable wars of choice started by George W. Bush. The trillion-dollar Iraq War was especially useless—thanks so much, George. Don't lose any sleep over it.

Can someone remind me why Obama extended the Bush tax cuts for the wealthiest Americans late last year? They were scheduled to end in a return to the prosperous Clinton tax code, but Obama surrendered to Republican demands to keep them going for another couple of years. Seven months seems so long in a brutal climate like this—Washington under the marble dome.

Tags:
Eric Cantor,
Mitch McConnell,
debt,
Congress,
John Boehner,
Joe Biden,
deficit and national debt,
Barack Obama,
politics

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I am not surprised you thought $200k/year was middle class, most people have no idea how wealth is divided up in our society, most people think more people have more money than is actually the case. Here's an interesting article with a graph that will explain:

http://www.nytimes.com/roomfordebate/2011/03/21/rising-wealth-inequality-should-we-care/living-beyond-your-means-when-youre-not-rich

"While recent data indicates that the richest 20 percent of Americans own 84 percent of all wealth, people estimated that this group owned just 59 percent – believing that total wealth in this country is far more evenly divided among poorer Americans.

What’s more, when we asked them how they thought wealth should be distributed, they told us they wanted an even more equitable distribution, with the richest 20 percent owning just 32 percent of the wealth. This was true of Democrats and Republicans, rich and poor – all groups we surveyed approved of some inequality, but their ideal was far more equal than the current level."

watts of NC 9:15AM August 15, 2011

Yes, Mr. R.L. Schaefer of California, High Noon is Bill Clinton's favorite movie - and I daresay he would have turned in a better performance this week. Anyway, just to amuse or bemuse you, that's the word around here. I do keep track of all your critical comments, just so you know.

Best wishes, Jamie

Jamie Stiehm of DC 12:09AM August 08, 2011

"Global Warming: Medieval Era Hotter than Today"

http://www.freerepublic.com/focus/f-news/886494/posts

Got proof ???

Bill Hedges of MO 4:38PM August 03, 2011

Jamie Stiehm

Jamie Stiehm

Jamie Stiehm is a weekly Creators Syndicate columnist. Her op-eds on politics, culture, and history have appeared in newspapers across the nation, including The New York Times and The Washington Post. She previously worked as a reporter at the Baltimore Sun and The Hill. Jamie's first journalism job was as an assignment editor at the CBS News bureau in London.

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