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Obama Admits He’s Bluffing: Channels his Inner Child and Runs Away from Debt Talks

The president “got very agitated” and said, “Don’t call my bluff; I am going to the American people,” said Cantor, a Virginia Republican. Obama “shoved back from the table” and left, Cantor said. (NewsMax.)

Reportedly, what precipitated this 2-year-old like temper tantrum was Eric Cantor’s effort to let Obama know what the House will pass. Anything that he can’t get the votes for – such as taxes – are a non-starter. Raising taxes in anyone will not pass through the House Republicans. Period.

So, the president who has been poisoning the negotiations by insisting that anyone who disagrees with him is acting childish, showed the world who the real child in the room is. Obama himself! A president acting like a spoiled child.

The news for Obama keeps getting worse and worse.

Moody’s Investor Service put the United States on downgrade watch. While the left spins this as proof positive that the debt ceiling and taxes need to be raised, they apparently failed to read Moody’s memo. The short term default (if the president decides not to pay the interest on the debt) is not the main concern, although defaulting would not be a good thing. Moody’s is also looking for a trajectory that will put America on course to balance the budget, something Obama does not want, except in smoke and mirror scenarios that kick the problem down the road. And dealing with the 800 pound gorilla – entitlements – is absolutely necessary if America is to recover from this spending binge.

Obama has avoided leadership on this issue – one we have known about for months. Years, really. But the focus changed with last November’s election. Obama has said “Elections have consequences” and “I won”. Well, elections do have consequences, but last November, Obama LOST!

And those who won did so by promising the out of control spending would end. Not by raising taxes, but by controlling spending.

A pair of other quotes from Obama also come back to haunt the Child in Chief.

As a US Senator, Obama voted against raising the debt ceiling while George Bush was President, saying:

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.

And yet now, as president, Obama is calling those who are against raising the debt ceiling irresponsible.

Obama also agreed that raising taxes on anyone in a recession is bad. He agreed to extend the “Bush” tax cuts. As a result, businesses began creating more jobs. It is only now, as Obama pushes to renege on the promise that businesses will not see a tax increase that job creation has fallen again as businesses pull back from economic investment in an atmosphere of uncertainty and higher taxes. Last month, only 18,000 private sector jobs were created. That is one new job for every thousand people laid off. There could be no clearer reason to take new taxes off the table.

And as Senator Marco Rubio pointed out, We don’t need new taxes. We need new taxpayers. 

Until businesses are convinced their taxes will not increase in down times, they will not create any new jobs. June is a month that normally sees a lot of added summer employment as pools open, seasonal Amusement Parks and other summertime businesses hire. In spite of the seasonal uptick, only 18,000 jobs were created. It should also be noted that the numbers for April and May were downgraded quietly as the June figures were released and 44,000 “jobs created” were removed from the April and May tallies. And while the “official” unemployment numbers rose to 9.2%, the “real” number that includes discouraged workers rose to 16.2%.

If the Democrats are allowed to raise taxes, we will see the employment numbers drop into negative (recession) territory again as a double dip recession grips the country. And based on the fact that April and May jobs were overstated by 44,000, there is a strong possibility that the 18,000 jobs reported for June will evaporate (quietly) when the July numbers are released, and we are already in a double dip recession in the jobs market.

And the Democrats criticism of Bush’s “anemic” jobs creation numbers have suddenly fallen silent as far worse numbers are being reported under Obama.

Just as a reminder of how fast we have fallen under the Obama class warfare and all out assault on businesses, here are a few reminders from the Democrats in years past:

“House Speaker Nancy Pelosi (D-CA) Criticized 2003 Job Creation As “Far From Enough.” “The slight increase in jobs last month is wonderful news for 57,000 Americans. But the 2.1 million Americans who have been actively looking for work for more than two years … know that it is far from enough …” (Rep. Nancy Pelosi)

In 2004, Over 2 Million Jobs Were Created. (U.S. Bureau of Labor Statistics­, www.bls.go­v, Accessed 1/6/10)

But In 2004, Sen. Dick Durbin (D-IL) Claimed Bush “Created A Climate … Where The Number of Jobs Is Not Growing.” “This President has created a climate in this country where the number of jobs is not growing. It did not have to be that way.” (Sen. Dick Durbin,

In 2005, Over 2.5 Million Jobs Were Created. (U.S. Bureau of Labor Statistics­, www.bls.go­v, Accessed 1/6/10)

But Pelosi Called 2005 Job Creation Numbers “Anemic.” “Today’s anemic jobs numbers confirm that President Bush has still failed to create a single new private-se­ctor job since he became President.­” (Rep. Nancy Pelosi, “Pelosi: ‘

In 2006, Over 2.1 Million Jobs Were Created. (U.S. Bureau of Labor Statistics­)

*But Pelosi Claimed Bush Policies “Favored The Privileged Few At The Expense Of America’s Working Families.” (Rep. Nancy Pelosi,

By 2007, 5.7 Million Jobs Had Been Created Under Bush. (U.S. Bureau of Labor Statistics­,”

You would think even Pelosi would lament this criticism now that Obama has taken over and run us in the ditch – for real.

 

 

About Tom White

Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog.Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.

5 Responses to “Obama Admits He’s Bluffing: Channels his Inner Child and Runs Away from Debt Talks”

  1. The thing no one mentions is that Cantor has said repeatedly “The House does not have the votes to raise the debt ceiling with out major cuts to spending” The Tea Party has elected enough principled conservatives that regardless of what the “leadership” may want they can only do what they have the votes to pass.

  2. I read a couple of hours a day on finance and for all the talk about disaster the markets show no sign of distress or concern. I personally think failing to raise the debt ceiling will be seen as positive by the bond markets because it will signal that we still have the political will to control our own destiny rather than borrow until we have to further devalue the dollar or default.

  3. Look at the headlines of today’s paper: one about the debt ceiling and one about another stimulus!!

  4. Mike Wilburt says:

    Right now Boehner and Cantor should be out there saying, "On CBS News, the president, has confessed that he cannot guarantee he can do the job he holds. He has chosen to refuse to set priorities and demand his treasury secretary send out the social security checks to our seniors and the promised benefits to our veterans. We are in this mess today because for two years he has refused to demand that his party's leadership in congress produce a budget . His own budget proposal was so unworkable that it did not receive a single vote in the senate…..even from his own party. And now he has chosen to simply walk out in a huff in the middle of critical negotiations to meet the deadline his own administration has set for raising the debt ceiling. In his single statement to CBS News, the president has admitted he is not up to the job.

    "There is an old saying that in a time of urgency you should lead, follow, or get out of the way. Mr. President, you have admitted you cannot lead, and you've said you will not follow. By storming out of yesterday's meeting, you have told us you are walking away."

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    Tom White Says:

    Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

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