Skip to main content

View Diary: Seeking Maximum Leverage In Political Bargaining (36 comments)

Comment Preferences

  •  Clinton publicly called it "blackmail." More: (6+ / 0-)
    On Capitol Hill, the freshman class of Republicans have called the shots on this issue so far, using tactics President Clinton today characterized as "economic blackmail, pure and simple." On Wall Street wary traders are wondering whether the risk of lending money to the Government may be about to rise sharply.

    Here's what Bill Clinton said to Congress when they came at him this way:

    "For all their loose talk," Mr. Clinton said, "the Congressional leaders know that if they were to allow us to go into default, this would have a severe impact on our economy, on financial markets, and on the interest rates paid" by government, business and homeowners.

    But in the next breath, Mr. Clinton said he would not let that risk force him to sign a budget he hates. "If they send me a budget that says simply, 'You take our cuts or we'll let the country go into default,' I will veto it," he concluded.

    You see that? That's called a tough customer. Now compare that with Obama's weak "play nice" crap.

    Ezra actually wrote about this a while back.

Subscribe or Donate to support Daily Kos.

  • Recommended (127)
  • Community (60)
  • 2016 (47)
  • Elections (43)
  • Environment (37)
  • Climate Change (32)
  • Bernie Sanders (32)
  • Hillary Clinton (30)
  • Republicans (29)
  • Education (28)
  • Civil Rights (28)
  • Media (28)
  • Culture (27)
  • Law (25)
  • Science (25)
  • Congress (24)
  • Barack Obama (23)
  • Labor (20)
  • Economy (19)
  • Trans-Pacific Partnership (18)
  • Click here for the mobile view of the site