Wednesday, December 19, 2012

Never Again: Debt Ceilings are no longer negotiable

Josh Marshall looks at Obama's new policy of refusing to negotiate debt ceiling increases,
The President has been very clear: he’s not going to get into another hostage negotiation over the debt ceiling....And I think he’s going to stick to that. But there’s a passion and energy behind it that’s made me think (not surprisingly) the President feels guilty about what he allowed to happen back in 2011.  I don’t want to overstate ‘guilt’. Maybe that’s too strong a word — but that he made a mistake, that he shouldn’t have let it happen and possibly set a really bad precedent in enabling extremist behavior.
I don't think there is any question about it, although I would not say 'guilt' so much as 'regret'. An acknowledgement that he made a very big mistake in negotiating the debt ceiling increase. Obama knows he needs to fix it or history will recall his precedent of negotiating very badly, and rightly so. Obama fucked-up big time.

President Obama's Achilles Heel is his arrogance which periodically gets him in trouble. Remember the first Romney debate? Obama refused to take Romney seriously and it nearly cost him his re-election. Obama also refused to take House Republicans seriously and it cost the country dearly.

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