Archive | July, 2011
Just Days from Default, White House Pranking Twitter Users
File this one under “tone deaf”. Republicans and Democrats in Congress are scrambling to reach a debt ceiling agreement before the deadline just a few days from now, and President Barack Obama hasn’t been restrained in criticizing them for not focusing on the important things. But what’s the White House doing today? Pranking Twitter users, [...]
House Republicans: Throw Out the Conservatives!
27. July 2011
Boehner-supporting members of the House of Representatives today loudly called for the firing of a Republican Study Committee staffer who dared to dispatch an email disagreeing with the Speaker’s weak debt ceiling plan. Members chanted “Fire Him! Fire Him!”, referring to RSC executive director Paul Teller. Teller has already been forced to apologize for asking [...]
White House Admits: No Default on August 2nd
27. July 2011
After weeks of scaremongering and false premises, the White House has finally admitted that the United States will not default on August 2nd. Press Secretary Jay Carney, official spokesman for the president, conceded during today’s briefing that August 2nd would simply be the initial stages of risking default — not an actual default.
Disaster: Obama Loses to Rudy Giuliani…by Six Points
27. July 2011
Rudy Giuliani is an undeclared candidate with almost no grassroots support and a controversial personal life. And yet The One loses to him by no fewer than six points. Mitt Romney? He beats Barack Obama by 3 points. Even Ron Paul ties the incumbent 50-50. Also interesting: Just 8% of adults are familiar with Congressman [...]
Polls: Obama Weak in Battleground States
27. July 2011
National Journal takes a look at battleground state polls and finds big trouble for the Obama reelection effort. In fact, he trails the Republican frontrunner in most competitive states — including both Ohio and Michigan. How vulnerable is he right now? National Journal introduces the term “GOP landslide” into the discussion. In every reputable battleground [...]
S&P Cuts Greece’s Credit Rating
27. July 2011
Credit rating agency Standard & Poor’s has once again downgraded Greek debt, lowering the rating to “CC” status. Outlook is negative. The previous rating was “CCC”. A “CC” rating indicates high vulnerability for investors. The previous “CCC” rating indicated vulnerability but the ability to pay based upon a variety of economic factors.
Reid: Every Senate Democrat Will Oppose Boehner Plan
27. July 2011
Senate Majority Leader Harry Reid (D-NV) is feeling pretty good about himself. The Congressional Budget Office (CBO) just gave his debt ceiling proposal slightly good marks and his caucus has stood firm against balanced budgets. He’s feeling confident. Confident enough, apparently, to declare that every single Senate Democrat will vote against Speaker John Boehner’s counter-proposal. [...]
Flashback: United States Defaulted in 1979
27. July 2011
Democrats — and some Republicans — are out today insisting that failure to raise the debt ceiling would not only be bad but absolutely catastrophic. We’ve heard time and time again that it would be the first time in history America has failed to pay her bills. A disturbing precedent we can not afford to [...]
CBO: Reid Bill Actually Cuts More Than Boehner’s Version
27. July 2011
Not nearly as much as Harry Reid claims, but still more than John Boehner’s plan. That’s how big of a sell-out Boehner’s bill has become. Harry Freaking Reid is cutting more. Reid claims $2.2 trillion in cuts, but that includes funding already set to be reduced. But cutting through that clutter, we find an actual [...]
Why the Boehner Plan Cuts Even Less Than Claimed
27. July 2011
Drew from Ace of Spades has this absolutely correct. John Boehner can promise to cut all he wants, but the only year we’re guaranteed is this one. Cuts counted from 1o years in the future? Boehner can’t control that. Then the CBO score on Boehner appeared and I really regretted any support I offered. Forget [...]
27. July 2011
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