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View Diary: Boehner postpones debt ceiling vote until later this evening (275 comments)

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  •  Yep (2+ / 0-)
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    RenaRF, Onomastic

    That is what I keep hearing, too.  A clean bill will result in a downgrade.  IMO, this is why Obama wanted his 'grand bargain' so much.  He knew some kind of deal needed to be cut to maintain the US credit rating and was hoping to get things he wanted but had no chance of getting otherwise.  Kind of like how he got the DADT repeal.  

    There is more to this than we are being told.  We may be closer to losing our right to be the world's currency than we know.  

    Meet me in Cognito, baby

    by out grrl on Thu Jul 28, 2011 at 03:39:15 PM PDT

    [ Parent ]

    •  I'm not slapping Obama here. (1+ / 0-)
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      Onomastic

      But on this subject, I rather think that some intense lobbying by he and his Treasury and econ gurus explaining that the approach is common sense cuts of waste, reasonable, phased in tax increases, and investments (spending) that lead to growth would calm that beast.  Not sure what's going on - can't imagine they haven't done this already and I rather figure that they (raters) know the House is pretty unpredictable.

      •  Yah (2+ / 0-)
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        RenaRF, Onomastic

        I think they tried behind the scenes but the Tea Party is crazy.  Even their own party can't control them.  And the rest of the R party is afraid of having to face them in primaries.  IMO, this has more to do with their hatred of Obama than anything.  They irrationally oppose anything he supports.  Boehner is in a terrible position.  He loses any way he plays this and he knows it.  If he wasn't such a smug jackass I might feel a little sorry for him.

        On your second point, I think the raters also know that there are new games in town.  Global politics are shifting.  I have said for a while that we need to keep an eye on China.  They are working deals behind the scenes while we fight over this stupid crap.  There were always rumblings about the euro replacing the dollar but the financial crisis put the kibosh on that for a while.  China, OTOH is leading an Asian resurgence and they are not stupid enough to get bogged down in expensive wars and whatnot.  They are spending their pennies on infrastructure and green technology.

        To put it another way, we are reaching a point where they don't need us as much as they used to.  And someone is sharpening knives.

        Meet me in Cognito, baby

        by out grrl on Thu Jul 28, 2011 at 04:24:09 PM PDT

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        •  I've *just* finished listening (1+ / 0-)
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          Onomastic

          to Connie Mack (R-Teahadist) explain why he's not voting for Boner's bill.  Doesn't go far enough.  His argument is this:

          At the rate we're accumulating debt, in four years (or whatever), the debt will be $20T.

          To this I say: Why do Connie Mack and his fellow teahadists hate American and Americans?  Because the only way we get ot $20T is if we continue to languish at 9.2% unemployment.  Get unemployment to 8% and then 7% and then 6%, and we're in a whole different debt picture.

          Every one of these Teahadists make their case on the assumption that not another single job will be created.  Ever.  Into the future.  I wish someone in the MSM would point that out.

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