Skip to main content

Boehner and his new boss.

By all accounts, we're in the Eric Cantor holding his breath until he turns blue phase of debt ceiling negotiations. Also, by all accounts, Speaker John Boehner has just let Cantor take over. Sam Stein at HuffPo has a comprehensive report of what happened in last night's meeting.

Some highlights:

It was the fifth straight day of talks, but the first in which attendees, speaking on background, were willing to admit that steps were taken backwards. According to multiple sources, disagreements surfaced early, in the middle and at the end of the nearly two-hour talks. At issue was Cantor's repeated push to do a short-term resolution and Obama's insistence that he would not accept one.

"Eric, don't call my bluff. I'm going to the American people on this," the president said, according to both Cantor and another attendee. "This process is confirming what the American people think is the worst about Washington: that everyone is more interested in posturing, political positioning, and protecting their base, than in resolving real problems."

Cantor, speaking to reporters after the meeting, said that the president "abruptly" walked off after offering his scolding. [...]

Democratic officials had a different interpretation. "The meeting ended with Cantor being dressed down while sitting in silence," one official said in an email. "[The president] said Cantor could not have it both ways of insisting on dollar-for-dollar and still not being open to revenues." [...]

Cantor, who has taken over the mantle of chief Republican negotiator from Speaker John Boehner (R-Ohio), responded by insisting that revenues were off the table and that without steeper cuts, the votes likely didn't exist to pass anything but a smaller, more temporary package. House Republicans needed the administration to go to a higher number, he added.

The president reportedly responded: "It is easy to get to a higher number when you are not asking anything difficult from yourself." [...]

Unhappy that negotiators remained at approximately $1.7 trillion in cuts, Cantor pressed again for a shorter deal or for negotiators to find their way to $2.5 trillion. The president, growing more agitated, argued that attendees were simply looking for ways to say no.

"Talk about arbitrary," he said of Cantor's figure, according to a Democratic attendee. "I am totally willing to do the hard stuff to get well above what you need and you won't do it because you can't put one penny of revenue on the table."

Obama shortly after concluded the meeting. Cantor's story is that Obama became "very agitated" and stormed out, a spin on the story that is in hot dispute.

Pelosi said she had never seen a president more gracious than Obama, whom she described as trying to end a meeting he had hosted.

"He stayed for two and a half hours and listened to what members had to say. It was his meeting and the meeting had come to an end," she said. [...]

 "Obama was concluding the meeting, giving the closing remarks and talking about meeting tomorrow, Cantor interrupted him and raised for the third time doing a short-term, and Obama shut him down," [a House Democratic leadership] aide said. "Cantor was playing the role he's been playing throughout this whole thing — being not productive."

Seems to be a bit of projection on the part of Cantor, because if anyone knows how to throw a hissy fit, it's him. Of course, he likes to stage his. Like when he coordinated with Sen. John Kyl to dramatically quit the Biden negotiations. He was apparently being such an asshole last night that even a few fellow Republican think he's a problem:

[W]hile he's been the target of scorn from liberal television hosts, op-ed writers and folks in his own party who don't like what he's saying, Cantor's repetition of the no-taxes hard line simply echoes the firmly held beliefs of his colleagues.

"He's telling them what they want to hear," said one Republican who is critical of Cantor. "I suppose it helps him," the frustrated lawmaker said, but "he's all about Eric." [...]

"He lost a lot of credibility when he walked away from the table … It was childish," said one House Republican with close ties to Cantor who spoke on condition of anonymity to preserve their friendship. "This is his time to perform."

He is performing, all right. The most amazing feat he's achieved is making Mitch McConnell look like a statesman.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  Which is why I am not worried about (6+ / 0-)

    cuts to Social Security.

    I am worried about not raising taxes.

    You see. the Republicans have made it all about them and their issues;  they float a non-starter (cutting Social Security) and then 'compromise' -- by getting a minimal 3% increase on rich.

    And no increase in capital gains.

    We're still under the Bush Tax cut regime.

    For shame.

    •  That's a question for Obama... (1+ / 0-)
      Recommended by:
      Seneca Doane

      ...who put entitlement on the table himself, threw fuel on the fire of the Tea Party's manufactured mania about the debt, ginned up the pot, and went along and came up with the Big Deal.

      Wolf(my bold):

      It is not that tackling the US fiscal position is urgent. At a time of private sector deleveraging, it is helpful. The US is able to borrow on easy terms, with yields on 10-year bonds close to 3 per cent, as the few non-hysterics predicted. The fiscal challenge is long term, not immediate. A decision not to allow the government to borrow to finance the programmes Congress has already mandated would be insane.... Yet, astonishingly, many of the Republicans opposed to raising the US debt ceiling do not merely wish to curb federal spending: they enthusiastically desire a default. Either they have no idea how profound would be the shock to their country’s economy and society of a repudiation of debt legally contracted by their state, or they fall into the category of utopian revolutionaries, heedless of all consequences.
      Now, if Obama gets what he sanely originally asked for and caved, a clean debt ceiling bill, it seems as if it will be incremental and hung around his neck as an albatross from now through the election.  

      Surely Obama has this all under control. As a Yankees fan I now to just enjoy the beer until the 3'rd out in the 9th. This contrived BS must be theater of the absurd and winning business cred in some other world we can not see into,  and we're not really stuck with the Bush tax cuts for perpetuity, austerity is for Europeans, entitlements are safe, and deleveraging will proceed without being shoved (socialized) onto grandma's bent back.

      Eliminate the Bush tax cuts Eliminate Afghan and Iraq wars Do these things first before considering any cuts

      by kck on Thu Jul 14, 2011 at 09:23:48 AM PDT

      [ Parent ]

    •  there's a business axiom (1+ / 0-)
      Recommended by:
      Seneca Doane

      that goes - Deal with the decision makers. It's time they bring Grover Norquist into the room, for all the world to see.

      "If you don't like the news, go out and make some of your own." - "Scoop" Nisker

      by prndl on Thu Jul 14, 2011 at 10:58:31 AM PDT

      [ Parent ]

  •   I just wrote this in another diary's comments (8+ / 0-)

    but I think it important to be aware of where we may stand.

     

          Lost in the rush to frame the dramatic conclusion of Wednesday meetings was word of the actual substance of the talks. According to several attendees, negotiations stalled from the onset over the same issues that have proved irresolvable. Working off of talks that had been spearheaded by Vice President Joseph Biden, the president said he would be comfortable signing off on northward of $1.5 trillion in discretionary spending and mandatory spending cuts. With additional negotiations, he added, he could move that figure up to $1.7 trillion, and with a willingness to consider revenue increases and tax loophole closures, lawmakers could get to over $2 trillion. His preference, he said, was to continue to push for the biggest package possible, so long as it was balanced.

        If my math is right..  .3T of 2T is 15%...

        so in the last 3 weeks, we will have moved from 83% / 17%  to 85% / 15% cuts/taxes in terms of proposal if Republicans get their heads out of their tails.

        interesting how that works....

        but Republicans would still come out exposed. for the jerks that they are..
     

    make of it what you will...but right now the offer on the table is still worse the Republicans' March recommendation.

    We will see where this ends up, but I don't think we should jump to any conclusions.  Lots of moving parts....

    I think EJ Dionne has it right...

       The wounded are especially dangerous fighters. President Obama now occupies the high ground in the debt-ceiling debate, having called the Republicans’ bluff on the debt. He showed that deficit reduction is not now, and never has been, the GOP’s priority. He dare not get overconfident.

        ...

        Never mind that Cantor walked out of the talks before there was serious negotiation about defense cuts and revenue, and thus no real agreement. Cantor, who needs to embarrass the Democrats and pull Obama down from the commanding heights, was shrewd to get the administration talking early about cuts in domestic spending and to put a lot of its cards on the table. He can now play those cards against Obama by forcing the president to reject reductions he had once considered when a larger agreement looked possible.

        This might look like a political game. But at this stage, House Republicans can’t afford to end this whole sorry episode with a whimper. The bang they are looking for could yet cause a lot of collateral damage.


    "But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower." - President Obama, 12-07-2010

    by justmy2 on Thu Jul 14, 2011 at 08:47:00 AM PDT

  •  The problem is that the House GOP (29+ / 0-)

    caucus is far more conservative than even GOP voters.

    Why default is far more likely than it ought to be

    Gallup polling indicates that only 20% of Americans, and only 26% of Republicans, want the debt to be reduced purely through spending cuts.

    As opposed to 97% of House Republicans who have taken the Norquist pledge. Something's got to give, folks.


    In theory, there is no difference between theory and practice; but in practice, there always is a difference. - Yogi Berra

    by blue aardvark on Thu Jul 14, 2011 at 08:47:22 AM PDT

    •  Methinks that "something" will be Obama. (1+ / 0-)
      Recommended by:
      zinger99
      Something's got to give, folks.

      It wouldn't be the first time he's given in.  He's a pragmatist after all.  Right?

      The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

      by accumbens on Thu Jul 14, 2011 at 08:56:21 AM PDT

      [ Parent ]

      •  I honestly believe (26+ / 0-)

        I could write all your comments for you if you'd just give me your password -- then you could take a long vacation.

        " My faith in the Constitution is whole; it is complete; it is total." Barbara Jordan, 1974

        by gchaucer2 on Thu Jul 14, 2011 at 08:57:58 AM PDT

        [ Parent ]

        •  When Obama continues to do the same thing (2+ / 0-)
          Recommended by:
          milton333, zinger99

          over and over, the same comment is appropriate.

          The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

          by accumbens on Thu Jul 14, 2011 at 09:01:47 AM PDT

          [ Parent ]

          •  I read this diary about Obama dressing down Cantor (10+ / 0-)

            and I can't believe someone is claming Obama's doing "the same thing".  The diary is right at the tops of our screens.  We really can't be fooled by a one sentenct slogan like yours.

            Avg. Medicaid cost to New Jersey: $1936 per child per year. Avg cost of helicopter commute for Governor: $2300 per hour. Guess which one Christie wants to cut back on?

            by Inland on Thu Jul 14, 2011 at 09:06:35 AM PDT

            [ Parent ]

            •  Dressing down and threatening to go to the (2+ / 0-)
              Recommended by:
              shaharazade, Cassandra77

              American people?  Don't you find that just a little odd?

              The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

              by accumbens on Thu Jul 14, 2011 at 09:10:43 AM PDT

              [ Parent ]

              •  Only a GOP/TP apologist would find that odd; (6+ / 0-)

                the rest of us find it the right things to do; maybe even a little refreshing. Polls and interviews indicate the majority of GOP reps in the House want to force default, while only a small portion of voters think the whole debt thing is more important than unemployment and getting the economy moving.

                Even TPers scream when someone threatens SS or Medicare. So the GOP reps in the House are so far off course, and won't even listen to their leadership, that this stuff needs to be said.

                You, on the other hand criticize the pres when he does nothing, and you criticize him when he does anything. The only one more caustic about the pres is Eric Cantor.

                •  Caught again. Yes, I am a plant from the GOP (2+ / 0-)
                  Recommended by:
                  prndl, zinger99

                  and the far, far right of the TP.  And yes, I find fault with Obama when he does nothing - as if that's not reason to criticize - and when he does things that advance a right wing agenda - as if that is nothing to criticize.

                  And Eric Cantor is my idol and model - caught again.  You are really perceptive, except when it comes to understanding why people might actually have cause to find fault with this President.

                  The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

                  by accumbens on Thu Jul 14, 2011 at 10:03:07 AM PDT

                  [ Parent ]

              •  The Rs inexplicably put us in a singular crisis (1+ / 0-)
                Recommended by:
                dewley notid

                and THAT'S what strikes you as odd?  That's the only normal part of this entire debacle.  

                Are you a republican by any chance?

                Avg. Medicaid cost to New Jersey: $1936 per child per year. Avg cost of helicopter commute for Governor: $2300 per hour. Guess which one Christie wants to cut back on?

                by Inland on Thu Jul 14, 2011 at 09:34:41 AM PDT

                [ Parent ]

                •  I think Obama is complicit in this crisis. (3+ / 0-)
                  Recommended by:
                  milton333, prndl, wbgonne

                  (Was it Rahm Emmanuel who talked about taking advantage of a crisis?)  Obama could have refused to link budget talks with the debt ceiling from the outset.  If he's willing to veto a short-term solution (which is the correct move), why wasn't he willing to threaten a veto if the repubs linked the budget with the debt ceiling vote?  

                  His refusal - and going to public about the consequences of not raising the debt ceiling like he's doing now - would have nipped things in the bud.  One outcome of not refusing is now social programs and entitlements are on the table if not for now, for later.  

                  A Democratic president put cuts to SS, Medicare/aid on a negotiating table.  Think about that.

                  The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

                  by accumbens on Thu Jul 14, 2011 at 10:08:20 AM PDT

                  [ Parent ]

                  •  (((facepalm))) (0+ / 0-)
                    Obama could have refused to link budget talks with the debt ceiling from the outset.

                    Shit has to pass congress.  The republicans linked it.  They don't need Obama permission, as shown by the fact the original positoin of Obama was a clean bill.

                    His refusal - and going to public about the consequences of not raising the debt ceiling like he's doing now - would have nipped things in the bud.  

                    Dude.  Everyone's beeing going public aobut the consequences and it STILL hasn't "nipped" it.  

                    You're saying that Obama simply being as intransigent as the Republicans would somehow make the republicans think that being intransigent is politically bad.  When in fact, the exact opposite happened: Obama being willing to put everything on the table is making the Rs look awful.

                    You think that the republicans don't wish Obama had done what you suggest, so that both sides could bear the blame?

                    Nevermind.  It's depressing, really, to see people like you affirmatively working for bad results.

                    Avg. Medicaid cost to New Jersey: $1936 per child per year. Avg cost of helicopter commute for Governor: $2300 per hour. Guess which one Christie wants to cut back on?

                    by Inland on Thu Jul 14, 2011 at 10:33:00 AM PDT

                    [ Parent ]

                    •  Yes, the Repubs linked it and Obama said (1+ / 0-)
                      Recommended by:
                      zinger99

                      "OK, I'll play."  He could have said, "No way."  He's got the bully pulpit (although he rarely if ever uses it) and the veto, which he is now threatening over the same issue.

                      And I love it when you make this personal.  Very mature.

                      The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

                      by accumbens on Thu Jul 14, 2011 at 10:57:36 AM PDT

                      [ Parent ]

                      •  You dont have a credible scenario. (0+ / 0-)

                        This entire concept of Obama simply winning over republicans by being declaring isnt just naive, its proven false.  

                        Two months ago, your theory that Obama would make republicans cave magically would have been only implausible.   But here we are today, and its clear to everyone that the republicans are ridiculously intransigent...except you.  You think they are great guys, just waiting to hear what Obama wants so they can obey.

                        I cant believe how people who want me to think they are democrats are backing the republicans as the reasonable people who just need strong leadership from Obama.  Others say Obama really wants to end entitlements and the rs are saving them.  Its sick.

                        Avg. Medicaid cost to New Jersey: $1936 per child per year. Avg cost of helicopter commute for Governor: $2300 per hour. Guess which one Christie wants to cut back on?

                        by Inland on Thu Jul 14, 2011 at 12:45:09 PM PDT

                        [ Parent ]

                        •  Unfortunately, we'll never know. (0+ / 0-)

                          You might want to read slinkerwink's diary if you haven't already and maybe I won't seem so unbelievable.  Like I've said, he didn't refuse to link budget from debt ceiling legislation because he needed it (and the repubs) as cover to enact a right of center agenda.

                          The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

                          by accumbens on Thu Jul 14, 2011 at 03:13:13 PM PDT

                          [ Parent ]

                          •  Well, actually, we DO know. (0+ / 0-)

                            What we don't have is the ability to stop you from asserting that whatever Obama does, another way would have been better.

                            Avg. Medicaid cost to New Jersey: $1936 per child per year. Avg cost of helicopter commute for Governor: $2300 per hour. Guess which one Christie wants to cut back on?

                            by Inland on Thu Jul 14, 2011 at 04:38:18 PM PDT

                            [ Parent ]

                          •  Your logic is impeccable. (0+ / 0-)

                            The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

                            by accumbens on Thu Jul 14, 2011 at 04:58:35 PM PDT

                            [ Parent ]

                        •  Also, I've never said and do not believe the (0+ / 0-)

                          Repus are reasonable.  Why you would assume criticism of Obama necessarily requires support of the repubs is beyond logic.

                          The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

                          by accumbens on Thu Jul 14, 2011 at 03:15:10 PM PDT

                          [ Parent ]

      •  Time will tell (4+ / 0-)

        And if he doesn't I assume you'll admit you've misjudged him, not only in this, but from the beginning.


        In theory, there is no difference between theory and practice; but in practice, there always is a difference. - Yogi Berra

        by blue aardvark on Thu Jul 14, 2011 at 08:59:10 AM PDT

        [ Parent ]

        •  I've said before that I'd love to see that I've (5+ / 0-)

          misjudged him and would happily admit I was wrong.  So far, I have not had to do that, although there is a possibility there might come a time.  Would you admit you've been mistaken about him if he caves in on this one?

          The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

          by accumbens on Thu Jul 14, 2011 at 09:04:14 AM PDT

          [ Parent ]

          •  You seem to define cave strangely. (0+ / 0-)

            It doesn't mean "I didn't get everything I want."

            It means "they got everything they wanted, and I got nothing."  In this case, that would be a bunch of cuts, no revenue increases at all, and a balanced budget amendment to the constitution.

            If that happens, I'll admit that Obama caved.  Even if the amendment isn't ratified.

        •  I hope the president means it (7+ / 0-)

          about taking this to the American people.  Don't think I've ever been more politically confused than I am right now.  
          If it turns out that Obama has been playing the R's from the start, I'll be the first one in line to apologize for doubting him.  But I'm still worried.  Worried that he's not going to take McConnell's capitulation deal and really is going to cut Medicare/Medicaid.
          A word or two from him right now on his intentions would be just what the doctor ordered.  
          I want to believe in him.  I want to believe the cuts he's talking about will be on things like not negotiating drug prices, etc.  
          Mr. President, Sir, this would be a great time to go to the American people.  Someone has got to say something to clear the air...and you have a lot of your base out here ready to jump up and down and yell, "I was wrong to doubt you"!

          •  Sadly sherlyle (2+ / 0-)
            Recommended by:
            wbgonne, zinger99

            I think Ezra Klein is spot-on today in articulating - from its own point of view - the WH strategy.

            And that is very, very depressing, because - forget about embracing the Republican narrative - Krugman's Confidence Fairy would have to show up for this strategy to work. And then the Pass New Legislation through a Hostile Congress Fairy would have to show up after that.

            The WH seems to honestly embrace not just the Repub narrative, but their philosophy that gutting discretionary spending and the social safety net in exchange for tiny, weak stimuli (tax cuts!!) will salvage the economy. No wonder Obama's economists keep quitting.

      •  Boo Hiss, accumbens (0+ / 0-)

        Out in the west Texas town of El Paso...

        by falina on Thu Jul 14, 2011 at 09:08:06 AM PDT

        [ Parent ]

      •  No Worries.... (1+ / 0-)
        Recommended by:
        milton333

        Even if you don't trust Obama, in order to give in he'd have to accept the Republican cuts only proposal and Reid and Pelosi have already nixed that as an option.

        If you can't take a little bloody nose, maybe you ought to go back home and crawl under your bed. It's not safe out here. It's wondrous, with treasures to satiate desires both subtle and gross; but it's not for the timid.

        by Senor Frog on Thu Jul 14, 2011 at 10:04:51 AM PDT

        [ Parent ]

    •  well, they ought to pay attention to who they (6+ / 0-)

      elect, then.

    •  Not really, no it doesn't. (8+ / 0-)

      If Boehner doesn't want to deal with Pelosi and the Dems to get the votes, then there will be no deal. I don't know what happens next, but I do know that most Republicans would rather drink liquid nitrogen than work with Dems on anything, even saving the Republic. Of course, I think that because that is what they have been saying and how they have been behaving for many years. If they have all been cynical liars all this time, then maybe we've got something. ; )

    •  House GOP passed the FY 2011 budget... (1+ / 0-)
      Recommended by:
      blue aardvark

      ...which is now running into the debt limit, and they passed it just a few months ago, with the same group of know-nothings.

      why can they get the votes to order the meal but suddenly don't have the votes to pay the bill?

      •  Because they are ideologues (1+ / 0-)
        Recommended by:
        zinger99

        This is the end game of 30 years of effort. They have deliberately reduced revenue over and over, trying for this moment, when without tax increases the government cannot function, and then they'll block those and force massive cuts.

        And they are being stopped. And they just can't stand it.


        In theory, there is no difference between theory and practice; but in practice, there always is a difference. - Yogi Berra

        by blue aardvark on Thu Jul 14, 2011 at 10:15:16 AM PDT

        [ Parent ]

  •  There's a kind of (16+ / 0-)

    negotiating psychology in which you send out an underling to meet with the other side's top guy, thus signaling that you don't take him or his position too seriously. I wonder if this is some of what the Repubs are trying to do, or is it simply that Boner is so completely ineffectual and Cantor such a spoiled brat?

    Yesterday's weirdness is tomorrow's reason why. -- Hunter S. Thompson

    by Mnemosyne on Thu Jul 14, 2011 at 08:48:14 AM PDT

  •  Not a substative comment (6+ / 0-)

    but I can't refrain from saying that the man fundamentally just looks evil to me.  Sort of in the vein of Colburn, Inhofe, and others of their ilk.  Maybe there is something to that saying that we become most like what we look at most in the world.  They all look at world through the prosperity gospel and crises captitalism.

    For those who serve the greater cause may make the cause serve them.... Murder in The Cathedral......T.S. Eliot

    by blueoasis on Thu Jul 14, 2011 at 08:48:26 AM PDT

  •  And the last thing they did amicably (1+ / 0-)
    Recommended by:
    VigilantLiberal

    was pass a friggin' budget!  They all agreed to those terms.  Wouldn't that have been the time to hold out for more spending cuts?

    I used to be Snow White...but I drifted.

    by john07801 on Thu Jul 14, 2011 at 08:49:34 AM PDT

  •  Simply amazing ... (4+ / 0-)
    "I'm going to the American people on this," the president said ...

    that this should be a threat.  This should be standard operating procedure for a President who wants to fight for something.  But then Obama doesn't fight or take a stand much.

    The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

    by accumbens on Thu Jul 14, 2011 at 08:49:36 AM PDT

    •  Imagine if he had done that with Healthcare (3+ / 0-)
      Recommended by:
      accumbens, holocron, milton333

      and Financial Reform.

      I mean real Reform, not "reform".

      As a hardcore Democrat, Obama has shaken my faith. Imagine what he's done for independents.

      by Johnathan Ivan on Thu Jul 14, 2011 at 09:01:27 AM PDT

      [ Parent ]

      •  It certainly strikes me as odd that now he's (2+ / 0-)
        Recommended by:
        sarahdillingham, milton333

        going to the media about how people would be affected if there was a shutdown (e.g., no SS, VA checks).  Why didn't he refuse to link the debt ceiling from the budget from the outset and make this case?  My suspicion is this gave him an opportunity to move in the Repub direction as in social program and entitlement cuts.  Much of his behavior can be explained by assuming he uses the Repubs as cover.

        The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

        by accumbens on Thu Jul 14, 2011 at 09:14:51 AM PDT

        [ Parent ]

      •  Legislation that (0+ / 0-)

        includes a waiver enabling every state in the Union to enact single payer--a waiver that Vermont took advantage of and California is close to taking advantage of with SB 810--is reform.

        Permanently enshrining the coverage of millions of people with pre-existing illnesses is reform.

        If California passes SB 810, which was enabled by the healthcare reform at the federal level, it will cover 7 million of the uninsured. That is one million more people than the CBO says would have been covered by the public option--an option that was not available to anyone who received health insurance through their employer. An option that would not have significantly brought premiums down since it posed no threat to the status quo.

        Potentially having single payer in every state in the union, if the people in those states pressure their legislators to make it happen, is huge healthcare reform.

        “The only thing that happens in an instant is destruction... but everything else requires time." - First Lady Michelle Obama

        by FiredUpInCA on Thu Jul 14, 2011 at 09:46:20 AM PDT

        [ Parent ]

    •  The Republican rejoinder is (0+ / 0-)

      is "Good. Go."  Ominous pause.  "By the way, no matter what, we are Congress for the next year and a half."

      We can have change for the better.

      by phillies on Thu Jul 14, 2011 at 09:26:12 AM PDT

      [ Parent ]

  •  Cantor very likely will be getting (18+ / 0-)

    a call from his Koch advisers soon....

    "Sorry son...someone has to take the fall...we aren't throwing away billions due to default"...

    He better have a good answer....

    couldn't have happened to a nicer guy.

    "But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower." - President Obama, 12-07-2010

    by justmy2 on Thu Jul 14, 2011 at 08:49:45 AM PDT

    •  You forget hedging and short-sales (6+ / 0-)

      I would not be surprised if the billionaires club behind the GOP is already well positioned to survive a default.


      In theory, there is no difference between theory and practice; but in practice, there always is a difference. - Yogi Berra

      by blue aardvark on Thu Jul 14, 2011 at 08:57:19 AM PDT

      [ Parent ]

      •  you could be right (2+ / 0-)
        Recommended by:
        blue aardvark, Seneca Doane

        and obviously they are hedged...but that is really russian roulette...

        "But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower." - President Obama, 12-07-2010

        by justmy2 on Thu Jul 14, 2011 at 09:06:33 AM PDT

        [ Parent ]

      •  They'll still lose big. Once there's a default, it (4+ / 0-)

        hits both bonds and the dollar, as well as stocks. I can't see any upside to a default for anybody. Of course, they'll survive. But the long term hit to both bonds and dollars will still suck.

        •  Exactly. There really isn't hedging against a (3+ / 0-)

          nationwide default or collapse, especially when that nation is the largest economy on the planet.  People thought that this would work by betting on both sides of credit default swaps prior to 2008, and banks like Lehman Brothers collapsed when their two-sided bets started unwinding in a disorderly fashion.

          Having a policy does not mean receiving care. -- Tzimisce

          by Miggles on Thu Jul 14, 2011 at 09:34:15 AM PDT

          [ Parent ]

        •  Oh, of course there is a huge upside (2+ / 0-)
          Recommended by:
          VigilantLiberal, SoCalSal

          Let's assume for a moment that stocks are priced pretty much at their actual value.  A sharp drop in stock prices means that the value is the same and the price is cheaper: i.e., "a bargain."  That helps people who are cash rich and who want investment opportunities.  Stocks will come back after a default -- could be a week, could be a year, and the rich can wait even longer than that if need be -- but what this does is give rich people something for which they've been baying since the housing bubble burst: a safe, cheap, and profitable place to invest their capital.  This can be it.

          Pension funds and the like have to sell when stock take on a certain amount of water.  So guess what's about to happen?

          My avatar shows what proportion want reps who compromise (shown in blue) or who stand fast no matter what (shown in green). Left is Overall; center is Democrats; right is Republicans.

          Therein lies the problem.

          by Seneca Doane on Thu Jul 14, 2011 at 11:27:35 AM PDT

          [ Parent ]

          •  I see your point, but I still don't understand how (0+ / 0-)

            it will unwind when the dollar AND bonds plummet. Maybe I don't know enough about economics. I know market manipulation is already under way (I guess that's a given in these times).

            But this does seem a dangerous game. What if the stock market takes a decade or more to come back? Or the world panics and decides this is the time to have something else as the reserve. That downgrades our debt further, and capital flight would leave many industries flat on their backs for a while.

            Modern investors don't seem willing to two things: take less than double digit quarterly gains on their investments, and accept a long time horizon for the gain to be realized.

            If this game of chicken gets out of control, both those things may become unavoidable. Maybe that's what we need, but the misery it will create will be horrendous.

            •  Bonds will only plummet temporarily (1+ / 0-)
              Recommended by:
              VigilantLiberal

              People who buy those bonds will have made a killing.

              It's not clear to me that the dollar will go down relative to other currencies if everyone is screwed.

              They want to own everything -- buy it cheaply and get a good return on it.

              When you see that, it's not a game of chicken.  There are actual villains here.

              My avatar shows what proportion want reps who compromise (shown in blue) or who stand fast no matter what (shown in green). Left is Overall; center is Democrats; right is Republicans.

              Therein lies the problem.

              by Seneca Doane on Thu Jul 14, 2011 at 12:17:11 PM PDT

              [ Parent ]

      •  I was thinking the same thing (2+ / 0-)
        Recommended by:
        blue aardvark, Seneca Doane

        Credit markets rise and fall; the dollar gets strong or gets hammered.... The uber-rich and well-connected make money.  It's just all a matter of positioning.

        In fact, the only time they don't make money, is when everything is stable.

    •  He's Grabbing Power From Boehner, But He'll Fold (7+ / 0-)

      Cantor is sticking his neck out, and he's not willing the be "the guy who crashed the world economy." Because the rest of the GOP will use him as the scapegoat.

      It's all so clear to me now. I'm the keeper of the cheese. And you're the lemon merchant. Get it? And he knows it.

      by bernardpliers on Thu Jul 14, 2011 at 08:58:22 AM PDT

      [ Parent ]

  •  Another pane in the "Overton window:" (8+ / 0-)
    "He is performing, all right. The most amazing feat he's achieved is making Mitch McConnell look like a statesman."

    And the inexorable drift of the Wrongs, toward the Wrong Side, picks up steam...

    "Is that all there is?" Peggy Lee.

    by jm214 on Thu Jul 14, 2011 at 08:51:07 AM PDT

  •  Cantor=paskudnyak. n/t (2+ / 0-)
    Recommended by:
    eXtina, Seneca Doane

    Float like a manhole cover, sting like a sash weight! Clean Coal Is A Clinker!

    by JeffW on Thu Jul 14, 2011 at 08:51:22 AM PDT

  •  I'm now trying to figure (20+ / 0-)

    out the dynamics here -- and by that I mean between Cantor and Boehner.  Cantor has had the proverbial knife positioned between Boehner's shoulder blades since the B guy took the gavel.  Cantor has done every dirty trick he can muster to take over the Speaker position with the backing of the extreme nutjobs.

    Boehner, at first, inexplicably to me, handed Cantor the negotiation reins -- methinks that he was fully aware of the utter gaping assholiness of Cantor and would allow him to destroy himself.  Sadly, both of them risk the rest of this country due to their Machiavellian mutual masturbatory tactics.

    " My faith in the Constitution is whole; it is complete; it is total." Barbara Jordan, 1974

    by gchaucer2 on Thu Jul 14, 2011 at 08:51:33 AM PDT

    •  Boehner may be drunk, but he's not stupid (9+ / 0-)

      Handing Cantor the steering wheel on this issue could solve two of Boehner's biggest problems.

    •  My theory: (4+ / 0-)

      Cantor wants that gavel so badly he can taste it. By nutting Boehner, he's certain that it will be his next term.

      His behavior, however, is getting so unrealistic that he is endangering the 'Pub majority. His eventual reward for all this theater may be the Minority Leader's post. I'm sure Ms. Pelosi will be happy to give him some hints on how to make the transition gracefully.

      People against gay marriages likely have rather glum ones themselves.~~~If you're bored enough to hang out here, check out my site.

      by Crashing Vor on Thu Jul 14, 2011 at 09:04:31 AM PDT

      [ Parent ]

      •  Do you think Cantor will be re-elected (1+ / 0-)
        Recommended by:
        Crashing Vor

        after this stupidity?

        Out in the west Texas town of El Paso...

        by falina on Thu Jul 14, 2011 at 09:12:00 AM PDT

        [ Parent ]

        •  Easily. (2+ / 0-)
          Recommended by:
          mightymouse, dewley notid

          When you look at the demographics of the counties that make up VA-7th, they favor Tea Party extremism. That district is about as safe as kittens for an extremophile Republican.

          People against gay marriages likely have rather glum ones themselves.~~~If you're bored enough to hang out here, check out my site.

          by Crashing Vor on Thu Jul 14, 2011 at 09:15:44 AM PDT

          [ Parent ]

          •  okay, but what if they miss a SS check? nt (2+ / 0-)
            Recommended by:
            Crashing Vor, mightymouse

            Out in the west Texas town of El Paso...

            by falina on Thu Jul 14, 2011 at 09:17:59 AM PDT

            [ Parent ]

            •  I really don't think the 'Pubs are taking this all (0+ / 0-)

              the way (though, with Moody's announcing a credit analysis of US Tresuries, a lot of the damage may already be done).

              Even Tea Party political suicide bombers aren't going to let SS checks falter.

              I think. There's no telling what some people might think is "right."

              People against gay marriages likely have rather glum ones themselves.~~~If you're bored enough to hang out here, check out my site.

              by Crashing Vor on Thu Jul 14, 2011 at 09:28:35 AM PDT

              [ Parent ]

            •  they'll blame Obama (3+ / 0-)
              Recommended by:
              dewley notid, Crashing Vor, falina

              Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it. --Mark Twain

              by SottoVoce on Thu Jul 14, 2011 at 09:46:20 AM PDT

              [ Parent ]

            •  You really don't believe that do you? (0+ / 0-)

              There are literally millions of places the government can cut. It's just a matter of prioritizing, and figuring out where the cuts get made.  Do you really believe that Social Security checks will be the specific area that gets the axe?  Do you really think that Obama is going to instruct Tim Geithner to withhold social security checks, in favor of other spending initiatives?

              I don't....  It's one thing for Obama and the Dems to make threats for their effect, but it would something completely different if they actually decide to put seniors in dire straits while leaving things like foreign aid, oil-company subsidies or military spending in place.  Can you imagine what the AARP would do next year?

              •  Beyond Social Security (1+ / 0-)
                Recommended by:
                falina

                From what I understand, something funky will hit the fan no matter what if we default.  After paying off the debt/bills the nation legally has to (14th Amendment), the government will have to choose what big ticket item gets shorted:  Defense, Social Security, veterans benefits, federal level Law Enforcement, FAA, etc.  Something big will fail and either way, will cause some serious consequences.  Being able to pay off our interest and Social Security ain't enough.

                If you can't take a little bloody nose, maybe you ought to go back home and crawl under your bed. It's not safe out here. It's wondrous, with treasures to satiate desires both subtle and gross; but it's not for the timid.

                by Senor Frog on Thu Jul 14, 2011 at 10:28:34 AM PDT

                [ Parent ]

                •  There's no question (1+ / 0-)
                  Recommended by:
                  falina

                  that indeed some "big ticket" items would get shorted.  Suddenly an aid check to Israel or Egypt would be held back.  Perhaps a military contract award would be postponed; GS workers in some of the various non-mission critical departments might even be furloughed a few days.....  

                  But those hardly rank up there with stiffing grandma for her social security check

    •  I think Boehner has been around long (3+ / 0-)

      enough to know when someone is gunning for you.  He saw the whole Gingrich situation.

      I see this as giving him enough rope to hang himself...I even think he and Obama may have been playing good cop bad cop for a while, because they know they need him out of the way.

      But I also don't think any of the three realized that neither R leader could rein in the tea party when the time came.

      We really should be hearing someone in the tea party starting to back off.  Cantor did last night and said McConnell's plan was ok.  But the tea party is still pulling in the opposite direction.

      There is a fuse lit.  I just hope someone can put it out before it is too late.

      "But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower." - President Obama, 12-07-2010

      by justmy2 on Thu Jul 14, 2011 at 09:17:47 AM PDT

      [ Parent ]

    •  It's spun out of their control (1+ / 0-)
      Recommended by:
      Regina in a Sears Kit House

      they misjudged Obama and now they're trying to regroup but they have no hand left

      "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

      by eXtina on Thu Jul 14, 2011 at 09:47:04 AM PDT

      [ Parent ]

    •  You're 96% right -- except at the very end (0+ / 0-)

      They're grabbing each other by the schvantzes, all right, but it's not for purposes of mutual masturbation.  It's how rotten men fight dirty.

      My avatar shows what proportion want reps who compromise (shown in blue) or who stand fast no matter what (shown in green). Left is Overall; center is Democrats; right is Republicans.

      Therein lies the problem.

      by Seneca Doane on Thu Jul 14, 2011 at 11:32:31 AM PDT

      [ Parent ]

  •  META: auto-play video ads? Kos, can you ban those? (2+ / 0-)
    Recommended by:
    gchaucer2, Curt Matlock

    I have an old laptop which overheats when video plays. I watch videos on a different computer. How annoying to have my computer stalling and making it impossible for me to load DKos pages.

    Please make sure any video ads are not auto-play. Thank you.

  •  I find it much easier to believe (14+ / 0-)

    that Cantor sat there in silence.  That's what bullies do when confronted.  Cantor is so accustomed to people backing off when he has a hissy fit that he felt compelled to lie afterward to save face.  Weasel - looks like one and acts like one.

    I keep seeing the yappy little dog that barks at you every time you walk past his yard but runs when you turn around and look at him.  

  •  Cantor is a megalomaniac and a total dick (19+ / 0-)

    Plutocracy too long tolerated leaves democracy on the auction block, subject to the highest bidder ~ Bill Moyers

    by Lefty Coaster on Thu Jul 14, 2011 at 08:52:57 AM PDT

  •  I'll Be Okay (5+ / 0-)

    With no agreement if it means no cuts in Medicare, Medicaid and Social Security.

    What about a clean debt ceiling bill just as every other president got?

    If I was a communist, rich men would fear me...And the opposite applies. The history of all hitherto existing society is the history of class struggles.

    by stewarjt on Thu Jul 14, 2011 at 08:53:37 AM PDT

  •  Is Boehner being clever letting Cantor expose (10+ / 0-)

    himself this way?

    I mean, it looks pretty lame to be taking a back seat, but if he's felt hostage to the Tea Party, maybe this exposure helps erode their power over Republicans.

  •  At this point both sides need to show their cards (0+ / 0-)

    As far as I can tell, both sides have not completely presented to the public what they want.  There are drips and drabs that come out and very large numbers bantered around, but....does anyone really know what the GOP has asked for and what the President has asked for?  

    I understand the need for negotiations to not be held under the glare of TV cameras -- but as far as I can tell all we are really getting is tantrums from both the GOP and the Dems.

    So...I'd like to see the GOP lay out it's detailed plan (and I mean detailed).  And I'd like to see the President lay out his detailed plan.  Sound bites don't cut it anymore.

    •  Didn't Cantor show some plan? (0+ / 0-)

      http://www.nytimes.com/...

      The latest provocation was a list of proposed savings presented at the White House this week by the House majority leader, Representative Eric Cantor, Republican of Virginia. . . .  Mr. Cantor’s list included 27 proposals that he said would save up to $353 billion over 10 years, in the context of a budget deal that could save anywhere from $2 trillion to $4 trillion over the same period.

      He had some stupid idea that Medicare recipients pay $1 for every lab test.  But then someone pointed out that the administrative costs to bill this would be more than $1.

      "I don't want to blame anyone. I just want to know how lowering taxes on the rich creates jobs" --Informed citizen at Congressional town hall

      by Time Waits for no Woman on Thu Jul 14, 2011 at 10:52:35 AM PDT

      [ Parent ]

  •  Eric Is Negotiating Charlie Sheen Style (4+ / 0-)

    Full of tiger blood and grandstanding for the cameras

    It's all so clear to me now. I'm the keeper of the cheese. And you're the lemon merchant. Get it? And he knows it.

    by bernardpliers on Thu Jul 14, 2011 at 08:55:31 AM PDT

  •  Thank God the GOP isn't willing to give (1+ / 0-)
    Recommended by:
    mconvente

    on anything.

    Hopefully this will continue and protect what's left of our social programs.

    Perhaps Obama should focus on "reforming" Medicare / Medicaid - he could call it "Race to the Doc".

    /snark

    As a hardcore Democrat, Obama has shaken my faith. Imagine what he's done for independents.

    by Johnathan Ivan on Thu Jul 14, 2011 at 08:56:23 AM PDT

  •  1.7 TRILLION cuts on pee-ons cuz rich PIGS (0+ / 0-)

    fucked everything up during their robbery ...

    how the hell is this a "win"?

    cuz the wapo is defining the POTUS as in charge, or some other nebulous crap, which is coin ONLY with the VSPs of the Kennedy School of Government, College of Affluent Losers to Fascists ?

    rmm.

    Yond Cassius has a lean and hungry look; He thinks too much: such men are dangerous

    by seabos84 on Thu Jul 14, 2011 at 08:56:49 AM PDT

  •  Good for the President. The White House (7+ / 0-)

    version...

    The meeting ended with Cantor being dressed down while sitting in silence

    ...is much more believable than Cantor's. He such a little bitch, I could see him just sitting there and hoping the big black guy didn't slap his glasses off his face.

    Unapologetic Obama supporter.

    by Red Sox on Thu Jul 14, 2011 at 08:56:52 AM PDT

  •  Of course Boehner is letting Cantor take over (3+ / 0-)

    When your enemies are lighting themselves on fire....

  •  Debt Ceiling Limit, 1996 -2010 (9+ / 0-)

    The GOP had no problem doubling the public debt between 2002 and 2008 at W and Cheney's behest.

    More info here and here (with linkage to actual roll call votes, and yes, Cantor and Bohener always voted "yes").

    Solidarity: The GOP inadvertently lit the fire in Madison, and we must now carry the torch, for as long as it takes.

    by Richard Cranium on Thu Jul 14, 2011 at 08:59:36 AM PDT

  •  A simple solution (2+ / 0-)
    Recommended by:
    eXtina, Time Waits for no Woman

    Just get one of the gov's pals at JPMorgan or Citibank to give them a great deal on transferring the US debt balance to a new credit card.  

    A few Trillion on that Platinum Master Card, a nominal 35% interest rate and we are good to go for only a small monthly payment.

    Everybody wins!!!

  •  Read Milbank on "Cantor's Sneer" (4+ / 0-)

    PLEASE read and distribute Milbank's article about Cantor:  "Cantor's sneer could take down the US economy."

    http://www.washingtonpost.com/...

    I just called Durbin and Lugar and told their staff about Milbank's article.  Call all Senate offices on Cantor's obnoxious behavior.  He is POISON.  

  •  It's almost like Obama is going to have to (3+ / 0-)
    Recommended by:
    stewarjt, Miggles, sarahdillingham

    create a Deficit Commission by Executive order to provide some recommendations.

    Oh wait.  Bad Idea.

    As a hardcore Democrat, Obama has shaken my faith. Imagine what he's done for independents.

    by Johnathan Ivan on Thu Jul 14, 2011 at 09:00:13 AM PDT

  •  Cantor's gambit is not surprising (2+ / 0-)

    First, just look at his face..you know that being a dick comes naturally to him.

    Second, there is every reason for the GOP to test Obama's resolve and push short term extensions to keep this issue alive.  The whole purpose of this exercise was never to default, but rather to get Obama off-message and tie him up in the world of DC b.s. for most of 2011 so that Obama would not be able to frame complicated issues like the economy.  McConnel and Boehner essentially handed the baton in this long relay race to Cantor while issuing a statement to reassure financial markets.

    The problem for the GOP is that their dickishness has become public knowledge and Americans know a dick when they see one, and the GOP are dicks. The people might give Obama a net negative rating for the economy, but they know who is to blame for this crisis and it isn't him.

    Obama is pretty serious about not signing any short-term measures, because they do little to reassure markets of the creditworthiness of the US.  Everyone knows that the tea party is crazy enough to take the country to default and that creates instability which affects interest rates.

    Cantor can take this game out into the next couple of weeks, but eventually Obama's seriousness on the issue will force the GOP to bring up McConnell's measure for a vote, and it should be passed with large margins.

    Alternative rock with something to say: http://www.myspace.com/globalshakedown

    by khyber900 on Thu Jul 14, 2011 at 09:01:28 AM PDT

  •  Reid calling Cantor's behavior childish (7+ / 0-)

    NPR reports

    "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

    by eXtina on Thu Jul 14, 2011 at 09:02:49 AM PDT

  •  Are we witnessing a new act being introduced (1+ / 0-)
    Recommended by:
    Time Waits for no Woman

    to the Kabuki?

    As a hardcore Democrat, Obama has shaken my faith. Imagine what he's done for independents.

    by Johnathan Ivan on Thu Jul 14, 2011 at 09:02:59 AM PDT

  •  Cantor is an ass! (2+ / 0-)
    Recommended by:
    falina, eXtina

    And in case you missed it, deepsouthdoug had it right weeks ago!  Why aren't we screaming more about this???

  •  Anyone else get the feeling ... (4+ / 0-)

    Anyone else get the feeling that the politics has been reduced to the point that if Obama dislikes something, all he has to do is endorse it and Republicans will make it go away ... or declare it is "off the table" if he wants Republicans to approve it.

    I wish my job was that easy.

    Money is a government program.

    by billpuppies on Thu Jul 14, 2011 at 09:04:19 AM PDT

  •  Obama should say, "Sit down and shut up, boy!" nt (1+ / 0-)
    Recommended by:
    falina
  •  Worth noting from Mike Allen this morning (16+ / 0-)

    in his Politico Playbook email:

    -A top Democrat responded: "Almost nothing that Cantor has said, in or out of the room, has been true. His main goal seems to be scoring political points -- not against Democrats, but against the Speaker of his own party. It's pretty amazing, and kind of scary."

    The picture Joan uses to illustrate this post seems emblematic -  Cantor really wants to push Boehner aside.

    Boehner was in Congress when Gingrich shut down the government.  He is rightly afraid of how this might play out.  Cantor wasn't here, and apparently doesn't care.  We know he has a hedge position that benefits if the government shuts down, although I doubt that is what is driving his actions.  He has an absolutely massive ego.  That might be the most significant factor.

    "what the best and wisest parent wants for his child is what we should want for all the children of the community" - John Dewey

    by teacherken on Thu Jul 14, 2011 at 09:07:18 AM PDT

  •  Cantor's ambitions (1+ / 0-)
    Recommended by:
    sherlyle

    Just had a thought.

    Anyone else think he might be setting himself up for a last-minute 2012 Presidential run?

    He certainly has the ego and ambition for doing this, and there is a window of opportunity for the nomination.

    •  Crash, meet burn! (8+ / 0-)

      Let him. He'll sink faster than Gingrich.

      Float like a manhole cover, sting like a sash weight! Clean Coal Is A Clinker!

      by JeffW on Thu Jul 14, 2011 at 09:13:07 AM PDT

      [ Parent ]

      •  Even faster than Gov. Goodhair Perry! (1+ / 0-)
        Recommended by:
        JeffW

        Out in the west Texas town of El Paso...

        by falina on Thu Jul 14, 2011 at 09:16:31 AM PDT

        [ Parent ]

      •  Are you sure? (0+ / 0-)

        I doubt that he'd win.

        But he is already a hero to much of the base, and can make himself even more so, particularly is he votes no on a passed debt-increase bill along with a majority of House Repugs.

        He has referred to interviews I've read about becoming the first Jewish president. He might think this is his best chance.

        Would he win if the nominee? Doubtful. But I don't get the idea that he wouldn't be a viable candidate for the nomination.

        •  Remember Bachman (0+ / 0-)

          A crazier House colleague far junior to him is in the #2 position in the race at the moment.

          Why would he think he'd not do as well or better?

          He may let his ambitions settle on toppling Boehner next term (from his position, hopefully becoming Speaker), but he wants to be president.

          •  He may topple Boehner... (0+ / 0-)

            ...just as DeMint may topple McConnell, but he'll never be President. He only attracts the teabag base, but will never draw any Dems. He particualrly will never get votes from independent and Democratic Jewish voters, as this old yid will attest to.

            Float like a manhole cover, sting like a sash weight! Clean Coal Is A Clinker!

            by JeffW on Thu Jul 14, 2011 at 09:58:02 AM PDT

            [ Parent ]

            •  I never said he'd be president (0+ / 0-)

              I said he'd be a very viable contender for the 2012  GOP nomination, and my suspicion is that thought is not far from his mind at the moment. It may be part of what his motivation is.

              •  He's no more a contender... (0+ / 0-)

                ...than the rest of the clown college that is the 2012 Republican line-up. Even less so, when he runs up against the antisemitism inherent in the teabagger base. But hey, let him jump in. There's always more room in the clown car!

                Float like a manhole cover, sting like a sash weight! Clean Coal Is A Clinker!

                by JeffW on Thu Jul 14, 2011 at 10:25:03 AM PDT

                [ Parent ]

  •  Being in a contest with (2+ / 0-)
    Recommended by:
    shaharazade, eXtina

    the POTUS is very flattering to the ego.

    http://www.youtube.com/cyprespond

    by hannah on Thu Jul 14, 2011 at 09:18:21 AM PDT

  •  Let Canter Turn Blue..... (4+ / 0-)

    A Blue Canter and an Orange Speaker....Wonderful...The colors of the NY Mets......

  •  it's called good cop bad cop (2+ / 0-)
    Recommended by:
    sarahdillingham, milton333

    the oldest routine in the book

    the gop is still confident obama will fold completely like he usually does

    from the outset, the gop has known that obama deperately wants  a grand  deficit hysteria deal

    he still does and they still know it

    nothing has changed except mcconnell offering a way out, a semi-clean debt ceiling

    which mcconnell offered, i suspect, knowing that obama would reject it

    all the obama supporters should be very careful what they wish (root) for

    if obama gets what he wants he is finished and the dems can kiss 2012 away

    blue dogs eat shit

    by wbgonne on Thu Jul 14, 2011 at 09:23:22 AM PDT

  •  Both sides would better (0+ / 0-)

    have refrained from commenting about the event.

    "The President became very agitated" "The Pesident dressed down Cantor"

    Participants talking at least communicate to the other side how the other side is perceived.

    I am inclined to suspect that the default prevention train may have left the station, with the passengers still in the parking lot.

    We can have change for the better.

    by phillies on Thu Jul 14, 2011 at 09:29:15 AM PDT

  •  Cantor's a (0+ / 0-)

    drama queen. Nuff said.

  •  Cantor accused Obama of moving the goalposts (1+ / 0-)
    Recommended by:
    eXtina

    i certainly hope that's true.

    Josh Marshall also mused in a recent post that the WH, seeing signs that the GOP's bluff has been exposed, is maybe walking back some of their earlier concessions.

  •  The model for dealing with Cantor (0+ / 0-)

  •  Cantor's still got those shares shorting Treasury (1+ / 0-)
    Recommended by:
    Regina in a Sears Kit House

    Bonds, doesn't he? So of course he wouldn't mind if we defaulted (assuming his other assets are set up to weather it.) Of course, the rest of the country won't be in such good shape.

    Hell, the ethical issues here are staggering. It's not insider trading, but it borders on outright market manipulation. Can't he get in serious trouble for that sort of thing?

    I wish the DoJ wasn't scared to act on obvious malefeasance by politicians, afraid they'd be accused of being partisan. The Bush DoJ had no such qualms.

    -this space for rent-

    by EsnRedshirt on Thu Jul 14, 2011 at 09:58:18 AM PDT

  •  I imagine the exchange between (2+ / 0-)

    Cantor and the President looked similar to this exchange, where Cantor heard out by the President and dressed down after he finished his moment in Weaselness.

    “The only thing that happens in an instant is destruction... but everything else requires time." - First Lady Michelle Obama

    by FiredUpInCA on Thu Jul 14, 2011 at 10:01:41 AM PDT

  •  Republicans Whigging Out (0+ / 0-)

    Like their predecessor party they're about to get stuck on the wrong side of the KT boundary.

  •  Cantor's Conflict of Interest (2+ / 0-)

    Last week Salon reported on Cantor's $15,000 investment in ProShares Trust Ultrashort 20+ Year Treasury EFT, a fund that deals in "shorting" U.S. Treasury bonds. As Yahoo  explains: a "short" increases in worth when something fails. In this case: U.S. Treasury bonds. If the debt ceiling is not raised and the United States defaults on its loans, treasury bonds are likely to see increased market volatility and an assured drop in worth. If that were to happen, Cantor stands to make a lot of money on his investment.

    So who really believes that Cantor is negotiating on behalf of the American people?  I don't.  He has always been unethical (his wife's bank received a great deal of TARP funds in 2008 just after the financial meltdown) and now he's playing hardball regarding the debt ceiling.

    I think President Obama telling the American people that Social Security and Medicare benefits are going to be impacted by Republican shenanigans is the only way most Americans will understand what is going on.

    •  Dont bonds and stocks move inversely? (0+ / 0-)

      So his short bond position is actually a long bet on stocks.

      Too much has been made of this. Hedging is popular today, so portfolios may contain long and short positions. $15K isnt much of an investment, either.

      That said, the optics of cankers position are bad.

  •  Cantor's paymasters must be (2+ / 0-)

    suffering from serious buyer's remorse.

    Top 5 Contributors, 2009-2010,

    Contributor    Total   
    Altria Group    $105,600   
    Goldman Sachs    $103,150   
    Dominion Resources    $82,100   
    SAC Capital Advisors    $64,964
    KKR & Co    $52,600    $52,600

    Presented another way:

    Industry    Total   
    Securities & Investment    $1,235,878   
    Real Estate    $618,197
    Insurance    $612,275
    Health Professionals    $449,000   
    Pharmaceuticals/Health Products    $340,800

    Wonder what those conversations are like these days? (source)

  •  I'm a little troubled by the phrasing (1+ / 0-)
    Recommended by:
    A Runner

    "Don't call my bluff," meaning "I am bluffing." Maybe it should have been "You'll have to go all in to see if I'm bluffing," or simply "I am not bluffing." Remember, if you win a bluff, you had bad cards. If you lose a bluff, you had bad cards. Obama doesn't have bad cards.

    That being said, I don't like poker much, and have never gotten to the point where I was skillful enough to try to bluff.

    "You can't run a country by a book of religion. Dumb all over, a little ugly on the side." Frank Zappa

    by Uosdwis on Thu Jul 14, 2011 at 11:23:55 AM PDT

  •  The simple answer is that we win the house in 2012 (0+ / 0-)

    , pick up some seats in the senate and cram the repeal of the Bush tax cuts down the Republicans' job-killing, economy-destroying throats.  

    Planning a vacation or convention in Arizona? Come to Palm Springs instead! Same desert weather, none of the bigotry.

    by grey skies turning to blue on Thu Jul 14, 2011 at 11:26:33 AM PDT

  •  Well, we know why Orange Foolius has stepped aside (0+ / 0-)

    Its so wittle ewic canker can get bitchslapped repeatedly by the pres and members of his own gop...

    "He's telling them what they want to hear," said one Republican who is critical of Cantor. "I suppose it helps him," the frustrated lawmaker said, but "he's all about Eric." [...]

    Plz make canker Speaker of the House. He is a twain wreck.

  •  Can'tor has proposed a MASSIVE tax increase (0+ / 0-)

    on college students, requiring them to start making interest payments on student loans right away instead of deferring until after graduation.

    Do not EVER allow this swarmy little man to talk about how the "American People™" will not go for "tax hikes" without calling him out on that bullshit.  

    Will work for food
    Will die for oil
    Will kill for power and to us the spoils
    The billionaires get to pay less tax
    The working poor get to fall through the cracks
    -James McMurty

    -9.75/-8.26

    by SwedishJewfish on Thu Jul 14, 2011 at 01:39:16 PM PDT

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site