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GOP Finally Discovers Obama's Achilles Heel: Just Let Him Do What He Does... And Encourage It!
Two weeks ago when discussing the latest lunacy surrounding America's exponential curve #1 also known as its debt balance, we suggested what the GOP election strategy should be: "[if] the debt ceiling becomes a sticking point at the election, Obama's chances of reelection plunge. Which makes us wonder - will Republicans grasp that the paradox of defeating Obama is precisely in giving him a carte blanche on all the stimulus programs he wants? Because if Congress approves another $200, 300 or even $400 billion in stimulus pork (the only thing better than one Solyndra? One thousand Solyndras!) the Treasury will drown in the need to raise hundreds of billions more, and will in fact hit the ceiling well in advance of the elections. As for the stimulus projects themselves, they will crash and burn just like all centrally planned endeavors, and actually result in a far worse outcome than if they had never been attempted. [Because] the best way to finally get back to a fiscally prudent regime? Why go to town, of course." We were delighted to discover that our policy anti-recommendation has finally been adopted. Because as the WSJ reports when it comes to the latest payroll tax extension we find something quite stunning: "House Republican leaders said Monday they would introduce a bill extending the payroll-tax break for the rest of the year without finding spending cuts to offset the program's cost. The proposal marks a major shift for Republicans, who previously had insisted that the costs of extending a trio of provisions expiring at the end of the month be offset with spending cuts." That's right - no offsetting spending cuts. Which means one thing - much more debt. How much more? At least $160 billion much. Which means that the debt ceiling discussion will hit not in November as we speculated previously, but potentially as soon as September.
It also means that by the time the GOP candidate is debating Obama the primary topic of discussion will be just how much the Administration is plundering from government retirement and pension accounts to keep the country under the latest and greatest (and just upwardly revised) $16.4 trillion debt ceiling.
Stone McCarthy has the following estimate on the cost of the program:
We've heard reports that the cost of extending all of the provisions is about $160 billion, although we've seen no official scoring. That figure is in the right ballpark, based on CBO's scoring of the two-month extension passed last December.
The following table provides an estimate of extending the provisions for 10-months based on a simple extrapolation of the two-month cost. Based on that calculation, extending the payroll tax cut for 10 months would cost $105.0 billion, and add a like amount to the deficit if it's not offset.
And some more on this shocking change in strategy by the GOP:
Lawmakers agreed at the end of 2011 to extend the payroll-tax break, federal jobless benefits and a measure to reimburse doctors for treating Medicare patients for two months. A bipartisan group of 20 lawmakers has been working to find an agreement to extend the provisions for the rest of the year, but have been struggling to agree on ways to offset the cost of the programs, about $160 billion in total.
The GOP leaders said in their statement Monday that since Democrats hadn't agreed to their proposed spending cuts, House Republicans plan to "introduce a backup plan that would simply extend the payroll-tax holiday for the remainder of the year while the conference negotiations continue regarding offsets, unemployment insurance, and the 'doc fix.' "
Over the weekend Republican negotiators had proposed extending the payroll-tax break for 10 months without finding ways to offset its cost, though the GOP still wanted the federal jobless benefits and doctor's reimbursement measure to be balanced with spending cuts, aides from both parties said.
If we are correct, and if indeed this "major shift" in GOP tactics is predicated by finally grasping that the only way to let Obama blow himself up is to do precisely what he is doing and in fact to encourage him to spend, spend, spend, watch for the GOP to fundamentally change their approach to everything and to encourage hundreds of billions in idiotic fiscal programs which will achieve nothing at all, but merely send the US debt to previously unseen stratospheric heights at an exponential rate in virtually no time at all.
And here is the official GOP statement:
Boehner, Cantor, McCarthy Statement on Payroll Tax Cut Conference Negotiations
House Speaker John Boehner (R-OH), Majority Leader Eric Cantor (R-VA), and Majority Whip Kevin McCarthy (R-CA) today released the following statement on the status of the payroll tax cut conference negotiations:
“We support the work of our conference negotiators and continue to support a responsible resolution that extends current payroll tax relief, reforms and extends unemployment insurance, and includes a Medicare ‘doc fix.’ Republicans have attempted to reach an agreement and negotiated in good faith for months, and we will continue to do so. Unfortunately, to date, Democrats have refused virtually every spending cut proposed – insisting instead on job-threatening tax hikes on small business job creators – and with respect to the need for an extension of the payroll tax cut, time is running short.
“Because the president and Senate Democratic leaders have not allowed their conferees to support a responsible bipartisan agreement, today House Republicans will introduce a backup plan that would simply extend the payroll tax holiday for the remainder of the year while the conference negotiations continue regarding offsets, unemployment insurance, and the ‘doc fix.’ If Democrats continue to refuse to negotiate in good faith, Republicans may schedule this measure for House consideration later this week pending a conversation with our members. Democrats’ refusal to agree to any spending cuts in the conference committee has made it necessary for us to prepare this fallback option to protect small business job creators and ensure taxes don’t go up on middle class workers.
“This is not our first choice. Our goal is to reach a responsible agreement in conference. But in the face of the Democrats’ stonewalling and obstructionism, we are prepared to act to protect small businesses and our economy from the consequences of Washington Democrats’ political games.”
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"Just Let Him Do What He Does"
In other words... Give the Useful Idiot enough Teleprompter cord and he'll hang himself...
Pathetic. We have nothing to offer so we have to let him burn the house down so that we can get into power "to pick up th pieces". What a bunch of worthless fucks
Worked for the Democrats with W in the White House. End result was controll of WH, Senate and H of R. To a politician, the end justifys the means.
4 months and 10 days in... 563 billion in new debt... so their deficit projection of 1.1 trillion for 2012 is utter shit.
In A Simple Plan, it actually made sense at the end for Bill Paxton to shoot his brother, Billy Bob Thornton.
Somehow, this feels like that.
Can you believe that these clowns are playing these sorts of games with our future rather than simply standup and tell the country this man is out to destroy your country and your way of life and he is an unmitigated disaster and must be stopped.
Shorty needs to eat, and bankas pay da billz, holmes!
No one who would say such things is allowed to stand up and speak freely. That's why there's such a boom in the anonymous underground.
Just a reminder:
Every year the 'doc fix' is passed it deducts ~$25 billion from Obamacare's ficticious "savings".
Democrats blame NAFTA and the repeal of Glass-Steagall on republicans despite Bill Clinton being where the buck stops. I'm sure the first failed stimulus will be remembered in the press as a republican failing here soon enough.
Not sure if this strategy would work.
I'm sure the GOP has a plan for fixing things once they take over the White House. Uh, can anyone explain the plan to me again?
Instead of hitting the minus sign, explain what the GOP is going to do to fix our economy. Either do that or STFU. I'm no fan of Obama or the Democratic Party, but the Republican Party has done nothing but make matters worse for over 30 years.
You could go look up the candidate's platforms if you really want to know what they propose they will do. What they will actually do is unknowable.
Whether you believe anything they attempt actually has any positive effect, or whether it is even possible for anything to be done at this point, that's a point of view for you to formulate on your own.
Just mentioning that F'krs name in text causes his demonic ads to show up in a threatening manner. Please just refer to him as BO and readers will get some refreshing ads instead.
If one believes in the Clivey-Piven theory of two professors at Columbia in the 60s...then we are well on our way to the obituary for america. We are spending ourselves into oblivion. But to think that all this spending is going to cause the Rs to win in november then you probably believe you won't get wet when pissing into the wind...
I review the simple math....many do not seem to give a crap that 9% unemployment is the new norm for a "fully employed" nation; gas going to $5/gallon, who cares; a new middle east war...its a Euroid problem, we now lead from behind; the dollar continues to tank resulting in higher costs of goods and services and core inflation...whooppeee, Weimar baby; hockeystick debt...so what, the climate is doing the same. Face it...most Americans do not seem to care or understand simple economics..the government will fix things.
Further lets consider the following: black people will for the most part (80% ??) vote for Prez Owe, doesn't matter what he does, he is a brother (sorry to offend some here); college girls appear to swoon over his gift of oratory and his "cool"; liberals will vote for him, he is their latest great hope for progressivism; demos will vote for him, don't really think they would bring themselves to vote R (ask my Dad); illegals now vote, so he is their pathway to residence (and citizenship, nah), besides Hispanic leaders already have made great inroads into the power structure of the D party; Union members..well I don't think I need to expand on their voting; other minorities...including jews, muslims, indians, homos etc just do not vote R; Big business including banksters...have filled his re-election coffer to the tune of $1B as they go about their business with no retribution for the harm they have caused our economy, in return they already have access to taxpayer money for bail outs and Solyndras; the media..love every move he has made and will never hold him accountable for anything as they know all Prez Owe's problems were inherited from GWB....and most important are the nearly 50% of the adult working population that pays no income tax or already gets a gov't check...they aren't going to upset that apple cart.
Sorry friends...even Ron Paul will not stand up to this. Get ready for it...a second term where all legislation will be done by executive order; budgets will be obsolete as all one has to do is raise the debt ceiling; your gold and guns (and bibles) will be confiscated.....better consider that passport or 20 acres in Montana. Prez Owe has a big Achilles heel, but no one will care when the mud throwing and Super pac advertising starts....
RE: Ron Paul--
He can't be elected, but not because he's a bad candidate. It's because his party would NEVER permit him to take the nomination.
Obama sucks, but if you want there to be any hope at all in the world of the Presidency, you have to get the Republicans to wake up. Democrats like this situation just fine.
Well, there is some genius in it... let Obama have everything he wants. His party only seems to vocalize what the Rep's won't cooperate with and what they are doing to stand in their way... this will leave them speachless.
I've said it before, raise that debt ceiling up to $200 Trillion... turn the printing presses up to 11... the sooner this fucking banking and monetary system crashes the sooner we can get started rebuilding this nation again. We'll just be smarter to not let the central banking cartels back in and we'll prevent government from abusing it's charters.
i don't understand why the indonesian president doesn't request a tax rebate of trillion dollars each tax filer, possibly in the form of a zero coupon bond which the fed could then buy back....this would be a gigantic green shoot of epic proportions allow any one america to bail out greece and still leave pocket change....
the GOP doesn't have a strategy to defeat Obama. they just have to throw somebody up in 2012 because that's the tradition, fish's gotta swim. bird's gotta eat, sheep gotta vote. the illusion of choice must be maintained, A or B... R or D we all know the drill.
you think the GOP is serious about 2012? come on, Mittens, Flipper, Santorum, have you watched the debates? good lord, they even ran the pizza guy up for approval...
the GOP is all but handing Obama another 4 years manning the teleprompter just by showing up because that is what they have been ordered to do. not to mention they are being paid, and paid well to do it.
there is no strategy, no grand plan here, it's just a bunch of DC parasites doing what they do best...working together for a better tomorrow.
for them.
but hey at least the serfs still get to vote.
At this point they don't need a strategy. Obama fails enough every day to make people understand that a bag of dirty diapers is a better alternative.
Boy, that's the truth.
Let the Brown Clown keep on drinking his Keynesian poison...
Seriously, if you're a Republican what can you do. The mainstream media is busy giving Obama reach arounds no matter how inept he has been. The general public can't count past five when you begin to talk about budget numbers so you lose any argument with the politics Obama can play. It's got to be excrutiating to watch this amateur run the country into the ground. However, when it comes to playing politics Obama is no amateur and that is the part of the problem as well. Hence when you have a president who is all about politics and has no idea what it takes to get the economy moving again the country suffers.
Look at the rhetoric and class warfare this guy talks at every chance he gets and tell me this isn't the same speech you get from a third world dictator.
great idea actually .... use Judo instead to get to where the country needs to go ...... just speed up the ultimate consequence probably with less money/debt at stake than otherwise.
When will the new leadership of PRChina ask Tyler D for advice?
And the ECB should call Tyler D immediately .....
Tyler, this is Angela Merkel on the line ......
I think this is all wrong. The reason the Republicans are backing down (on the payroll tax extension) is because they have been "educated" about how this economy is coming apart. All the hype and propaganda has been notched up since late fall.......why? Because the economy is going into the shitter. The stock market it up not becasue the economy is improving, but because the Fed is orchestrating (trying to) a melt up to get something going.
I believe both sides of the aisle are being educated on just how bad things are and how much worse they could (are going to) get. The 1.3 trillion deficit IS THE STIMULUS. Without, we'd be in major depression. Now we're going to end up there anyway, but if you were in the hot seat, which approach would you take? Obama has enormous pressures to try and stave off this worsening economy. The only hope they have is stimulus (anyway they can get it).
You have to give him credit for calling an end to the madness in Afghanastan in 2 more years. The real driver of that though is money. We simply can't afford to stay over there. Not to mention it's a losing proposition anyway. Thanks again Dubbya.
If anyone here thinks the economy is improving, than I think you're falling victim to the intense propoganda campaign being orchestrated. Look for continued melt up of the stock market; particulalry the Russell 2000. They are trying to make people feel "wealthier" as well as inspire some good old fashion speculative fever. It's the only hope.
Obama is guaranteed to be re-elected by a slim margin. About 5% of the popular vote will go to Ron Paul. The rest will show that the non-white, socialist hordes out number neo-Con Israel firsters by a fair margin.
Sorry crackers, there aren't enough white Christian Zionist Neo-Cons left to ensure continued WASP rule in America. Good thing Obama won't do anything different from what Romney would have done.
These bastards are ALL going to burn in Hell.
http://globalresearch.ca/index.php?context=va&aid=25829
And so Moses stayed on the Mountain a long time while the People built graven idols out of silver and gold to party and debauch themselves for days....
An imaginary household budget spent with money from Monopoly would have been nice. But no.
It is damn good to feel it going down at the party now.
However sunrise tomorrow is gonna be a bitch of all hangovers when we realize we need to either clean up the joint or burn it all down to prevent widespread sickness.
Barry's invasion of Libya and expanding military bases into north Australia (as if Australian soldiers need us?!) he lost a huge Democratic anti-war voting block.
Now with this $4 Trillion budget of out-of-control spending may further alienate his support.
On the other hand, you have "I don't care about the poor" Romney who also wants to re-invade Iraq and Nuke Iran.
It's all good news for Ron Paul imo.
Yea, the American military has obviously never been in Australia before. Clearly Australia is a neutral nation, like Switzerland, not involved with the Anglo New World Order by any means. Dear poor Australia, being bullied by mean old America into threatening China with this recent and UNHEARD OF use of Australian territory for support of the Anglo Empire and NWO.
Oh wait...
https://en.wikipedia.org/wiki/Pine_Gap
"Operations started in 1970 when about 400 American families moved to Central Australia."
"It consists of a large computer complex with eight radomes protecting antennas and has over 800 employees. It is officially called the Joint Defence Facility Pine Gap since 1988, previously it was known as Joint Defence Space Research Facility.[2] It is believed to be one of the largest ECHELON ground stations and appears to be physically and operationally similar to the American signals intelligence facilities at Buckley Air Force Base, Colorado and Menwith Hill, United Kingdom. United States government personnel at Pine Gap are believed to be mostly from the National Security Agency and subordinate service-associated agencies as well as the Central Intelligence Agency"
"Ball described the facility as the ground control and processing station for geosynchronous satellites engaged in signals intelligence collection, outlining four categories of signals collected:
If such a collaspe of our Almighty Dollar is to be even considered as a goddamn Political move... consider the following...
Hear me out fools... give me a moment...
I owe 300,000 on house.
I owe 30,000 on student loans that equals Treason and espionage level crimes if I default even for one minute past midnight of due date.
Fine.....
Let the whole thing collapse. Make the old money to new money system 100 to one.
And back it with Gold.
The following day this will be my reality.
One ounce of Gold $170,000 old money (Yesterday's close $1700)
100 dollars in no good dollar bills in my pocket goes to bank on demand and handed me a one new dollar bill backed by gold. Call it a Gold certificate.
What about the House Loan?
Assuming 100 to 1... that 300,000 mortgage in Gold bullion by the ounce will shrink to 3,000 new gold certificates. Pff paid with a part of a bullion bar. Maybe a few shavings...
That 30,000 in student loan? 300 dollars. Easily deducted with a bank transfer from the balance of the Bullion sale of one coin or two.
Paid.
National Debt? 20,000,000,000,000,000 (Gawd I hope I have this correct...)
New gold certificate... 20,000,000,000,000 easily paid off with a half a holding vault in either Knox or under NYC. THE resulting sale of this much gold flooding the new market will lower the costs some.
Just one little problem.
3.00 milk today = 300 new gold dollars tomorrow.
Millions who never gave a shit or bothered to buy actual silver or gold will kill each other in a epic Zombie Aclopyse until the lucky few managed to find a few coins or bar to exchange at the new gold bank in secret.
The rest? Fuck it.
And the new banking/money system will rise to greater heights never before known as the inferno of all things debt/paper burn with the intensity of a dying dwarf star.
Thus what is left of the People... ahem Citizens... ahem.. subjects.. ahem... dependants ahem... Snap card reciepients.. ahem.. Fema disposible workforce. ahem...
*This post has been interrupted because the Author has been sent away.
This is the problem with you PM bugs, you're really just hoping and praying to strike it super rich due to a revaluation of the currency based on your PMs. You're about on the same level as snake handling fundamentalist Christians or chronic gambling addicts.
No, you will not be rich. No, you will not trade a couple of gold coins for a farm. No, you will not secure your lineage a place at the table of the elite in the New World Order with your megabox of silver coins.
There is zero incentive to let anyone pay off their debts. This goes for individuals as well as nations. That's half the point, to keep you chasing that brass ring and earning for your masters. After all, the man with zero debt and some land and a roof over his head calls the shots, decides when he wants to work...or not work, as the case may be.
The financial system is set up to enslave you and capture as much of your productivity as possible for both the politicians and corporations. Think global digital currency and a global ban on cash transactions over $1000. Think plastic money (Canada, Australia, etc.), not gold backed currency. Think New World Order and a boot stamping on the faces of your children and grand children forever, not a Ron Paul revolution and return to constitutional government.
Incentive for paying off debt (with gold)... because everyone 200k under has gold to cover it. Their 18k wedding ring might bring a few grand.