President Obama, ignoring his own calls to leave rhetoric at the door, has relied on populist demagoguery throughout the debt-ceiling negotiations. But given the President's record of bailouts, his dedication to corporate-welfare handouts, and his calendar filled with $35,800-a-plate fundraisers, Republicans ought to take the populist cudgel from Obama and use it against Democrats.
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Negotiations between congressional GOP leaders and President Obama were expected to resume Monday after a tense Sunday night session ended without a deal to raise the nation's debt ceiling by an Aug. 2 deadline. With just a few weeks to reach an agreement, the two parties left the White House on Sunday as far apart as ever on a plan that would rein in the nation's staggering deficit while at the same time increasing its borrowing limit by about $2 trillion.
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Treasury Secretary Tim Geithner again repeated his claim this morning on Meet the Press, that if Congress fails to raise the debt limit by August 2nd, he will be forced to default on U.S. debt. That is still simply false.
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House Speaker John Boehner has released the following statement, which gives an indication of where budget talks are now:
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Republican presidential candidate Tim Pawlenty says 2012 rival Michele Bachmann has a "nonexistent" record of accomplishment during her three terms in Congress. Pawlenty, who's behind in the polls and lagging in fundraising, says that as a former Minnesota governor, he has executive experience and achieved results under challenging circumstances.
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Some of us called it the man-cession. In the deep recession that lasted from December 2007 to June 2009, according to the National Bureau of Economic Research, many more men than women lost their jobs. The imbalance was huge. The Bureau of Labor Statistics showed a decline in 5.4 million jobs for men versus 2.1 million for women. Fully 71 percent of job losses were absorbed by men.
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