How Obama can end the agony
By: Elizabeth Drew
Politico.com
July 25, 2011 05:51 AM EDT
An obvious way out of the current impasse over the debt limit exists, if only President Barack Obama would see fit to take it.
This exit path would get the House Republican members, out of the corner they’ve painted themselves into by attaching a demand for large cuts in the budget without any revenue; would extract the Democrats out of the tangled web they have woven as they try to come up with a proposal that protects themselves and the entitlement programs; and would give the Obama a larger hand than even he seems to want in managing economic policy for the remainder of his presidency – however long that would be.
With the leaders of both chambers still noodling around in a search for what to add to the bill to raise the debt ceiling, with Obama having a long series of high-level meetings at the White House, with the public growing tired of the spectacle and worried about jobs, and the bond market getting antsy, the stock market poised to take a deep dive, foreign investors who prop up our debt having second thoughts and the president looking increasingly like a wuss there’s a simple step that Obama could – no, should – take.
Tonight, (though last night would have been good), he could stand at a podium in the East room — the Osama bin Laden podium would be good -– or speak from the Oval Office, (the press room wouldn’t provide enough gravamen to the business at hand); and he should demand that the Congress get a clean bill raising the debt limit to his desk by Thursday.
(More here.)
Politico.com
July 25, 2011 05:51 AM EDT
An obvious way out of the current impasse over the debt limit exists, if only President Barack Obama would see fit to take it.
This exit path would get the House Republican members, out of the corner they’ve painted themselves into by attaching a demand for large cuts in the budget without any revenue; would extract the Democrats out of the tangled web they have woven as they try to come up with a proposal that protects themselves and the entitlement programs; and would give the Obama a larger hand than even he seems to want in managing economic policy for the remainder of his presidency – however long that would be.
With the leaders of both chambers still noodling around in a search for what to add to the bill to raise the debt ceiling, with Obama having a long series of high-level meetings at the White House, with the public growing tired of the spectacle and worried about jobs, and the bond market getting antsy, the stock market poised to take a deep dive, foreign investors who prop up our debt having second thoughts and the president looking increasingly like a wuss there’s a simple step that Obama could – no, should – take.
Tonight, (though last night would have been good), he could stand at a podium in the East room — the Osama bin Laden podium would be good -– or speak from the Oval Office, (the press room wouldn’t provide enough gravamen to the business at hand); and he should demand that the Congress get a clean bill raising the debt limit to his desk by Thursday.
(More here.)
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