"A wise and frugal government which shall restrain men
from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government."
(Thomas Jefferson)

Monday, July 11, 2011

Rich Galen: Step by Step

The only thing we know for sure about this meeting this afternoon is that tax increases are off the table as the House will NEVER vote to increase taxes and from the way Senator McConnell is talking, the votes are not there in the Senate as well.

Treasury Secretary Geithner has made it known he plans on leaving the Government shortly.  Shame he didn't leave sooner although you hate to think who Obama is going to appoint -- could be worse.

Question now is if Obama is going to throw a fit when he doesn't get his way.  We figured that once we had a Republican House he would start acting like a little kid who didn't get his way and took the ball home.  With Pelosi and Reid he had to do little and they were on the firing line.  Now that Obama has to deal with the Republican House and more Republicans in the Senate, he is not doing well.  On July 1st Obama decided to attack Boehner and the Republicans which showed him to be snippy and not willing to accept any blame that only recently he became involved in the talks on the debt ceiling.  Before he was flying around for campaign fundraisers like there were no problems.  Now he wants his way or he will attack.

More and more Americans are seeing Obama as someone who is not up to the task of being President which includes working with both parties.  Obama started off on the wrong foot with his "I Won" remark and it hasn't improved in the months since then.  He still thinks he can dictate whatever he wants and everyone just needs to go along.

Rich Galen has one of the best articles we have read about the process:
Step by StepMonday, July 11, 2011  
The highly anticipated Sunday evening meeting to hammer out a deal on the debt limit among the Administration and the Republican and Democratic leadership in the U.S. House and Senate took place and the main result is they will meet again this afternoon at two. 
It is important to remember that these sorts of things are a process. Just as most of us can't go up a flight of stairs in one step from the bottom to the top, a major undertaking like this has to go one - or maybe two - steps at a time. 
While the process of going from one step to the next is going on, it is useful to remember the goal: Get to the top. 
The three major players are the President of the United States, Barack Obama; the Speaker of the House, John Boehner; and, the Secretary of the Treasury, Timothy Geithner. 
The supporting cast, Vice President Joe Biden, Nancy Pelosi; and the Senate leadership, Senators Harry Reid and Mitch McConnell are on stage, but they are the backup singers doing the whoop-whoops, and the yeah-yeahs, when the musical score calls for them to chime in.
In the audience, prepared to drown out the principals if they don't like the tune, are the 84 Republican House freshmen. 
They were elected in the wake of the thunderous, Wagnerian spending of Obama's first two years and they are not about to go home for the August recess and suffer the slings and arrows their Democratic predecessors had to dodge in August 2009 when they were blindsided by Tea Partiers demanding an explanation of the still unwritten Obama health care plan. 
Speaker John Boehner has been around the track. He's been in the majority and the minority; been a backbencher and been in the leadership. He may not know the exact number of votes he can get on a debt limit deal; but he has a keen sense of where his Conference is heading and it is not heading toward a deal which will include an increase in tax rates. 
The President is in the weaker position. He has to get a deal done because it is the Executive Branch of the U.S. government which has to pay the government's bills. Boehner doesn't have to write a single check. 
There were some, this weekend, who were attempting to find a parallel between the shutdown battle between Bill Clinton and Newt Gingrich in 1996 and this struggle to find a solution to our debt problems. 
No one thinks this is a test of wills between two egos the size of the Milky Way. This is a battle between two ideologies: Reducing the deficit by increasing the Federal share of income -- increasing taxes; or reducing the deficit by reducing the amount of money the Federal government spends. 
The current issues are not as easy to distill as "Gingrich v Clinton," but given what we're seeing in the European Union: Greece, Ireland, Portugal and this weekend, Italy, how we solve this may be far more reaching not just here, but throughout the global economy. 
Treasury Secretary Timothy Geithner is the comic relief in all this. As we have discussed previously, if he'd stuck to his original estimate that we needed to deal with the debt limit by the end of March, it would have been dealt with. But, to show his Wall Street pals how deft on the debt he could be, he announced we really had until August 2. 
Then, about a week ago, he let it be known that he wanted to return to New York so he became a rare self-made lame duck. That being the case, everyone knows they will have to deal with the next Treasury Secretary and Geithner is reduced to sitting on the floor, cross legged, juggling and doing card tricks to the amusement of the major players. 
Excerpt:  Read More at CNS News

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