Signs Indicate That Obama’s Debt Ceiling Gamble May Be Paying Off
By JACKIE CALMES, NYT
WASHINGTON — More than two years ago, President Obama was still in the thick of his previous showdown with Republican House leaders over the nation’s debt limit when he called five senior advisers into his office. He did not ask their advice, one said. Rather, he told them, in a way that brooked no discussion: From now on, no more negotiating over legislation so basic and essential to the economy, and the country.
“I’m not going through this again. It’s bad for democracy. It’s bad for the presidency,” Mr. Obama said, according to the adviser, who declined to be identified describing internal discussions. The president then told the group — his Treasury secretary, chief Congressional lobbyist, chief economic adviser and both his and the vice president’s chiefs of staff — to spread that word, “even in your body language.”
Since then, so has Mr. Obama. To make his message on the debt ceiling stick, he had to deliver it, repeatedly, not only to Republicans convinced that he would “cave,” as many often have said, but also to business groups, the broader public and even to Democrats in Congress. Failure could shake not only the economy, but also Mr. Obama’s presidency, given his reputation, fair or not, for drawing red lines and then watching foes cross them.
The current fight is hardly over, yet the steady retreat of House Republicans since late last week, when they first proposed a short-term increase in the debt limit without policy strings, suggests that Mr. Obama’s big gamble could be paying off. It is a stand that was, and still is, fraught with risks if neither side backs down.
(More here.)
WASHINGTON — More than two years ago, President Obama was still in the thick of his previous showdown with Republican House leaders over the nation’s debt limit when he called five senior advisers into his office. He did not ask their advice, one said. Rather, he told them, in a way that brooked no discussion: From now on, no more negotiating over legislation so basic and essential to the economy, and the country.
“I’m not going through this again. It’s bad for democracy. It’s bad for the presidency,” Mr. Obama said, according to the adviser, who declined to be identified describing internal discussions. The president then told the group — his Treasury secretary, chief Congressional lobbyist, chief economic adviser and both his and the vice president’s chiefs of staff — to spread that word, “even in your body language.”
Since then, so has Mr. Obama. To make his message on the debt ceiling stick, he had to deliver it, repeatedly, not only to Republicans convinced that he would “cave,” as many often have said, but also to business groups, the broader public and even to Democrats in Congress. Failure could shake not only the economy, but also Mr. Obama’s presidency, given his reputation, fair or not, for drawing red lines and then watching foes cross them.
The current fight is hardly over, yet the steady retreat of House Republicans since late last week, when they first proposed a short-term increase in the debt limit without policy strings, suggests that Mr. Obama’s big gamble could be paying off. It is a stand that was, and still is, fraught with risks if neither side backs down.
(More here.)
Powered by Blogger
0 Comments:
Post a Comment
<< Home