Tea Party kicks Boehner in the teeth - again
 

Late this afternoon, the Tea Party contingent of the GOP told Speaker Boehner they refuse to accept Boehner's last-minute plan for raising the debt ceiling (two short term raises through 2012 with moderate to low spending cuts)

This leaves only Sen. Harry Reid's plan (massive cuts equal to debt ceiling raise through 2013).

What will be the outcome? The President has a press conference tonight at 9pm

I'll guess: Obama will give the GOP one last public chance to raise the debt ceiling via accepting Reid's plan. The Tea Party won't let Boehner accept. Tomorrow Obama will raise the debt ceiling via the 14th.

We're f.ucked either way. Winning this is like winning a free root canal.

:tro:

Well, as I've said many times, I don't have a lot of respect for either party but this is an all time low by the Tea Party idiots. Poor Boehner, he's in an impossible position as these clowns want to see America's economy sink. Hopefully they will blink otherwise we are in for a rough ride.

The economy is going to sink now or in the next 2-5 years. This is a classic case of a degenerate digging a deeper hole and not being man enough to face his problems.

false rumor! his teeth are in place. Reid's 'promise' of cuts BS.

Reid actually cutting NOW. :tro:

Do it for the women Harry! NOW NOW

In his speech, Obama asks Americans to contact their Congressmen regarding debt ceiling - the Congressional servers have crashed tonight. All the contact sites are down.

Well the speech did cater to the lowest common denominator.

#1 Only 58 percent of Americans have a job right now.

#2 Only 56 percent of Americans are currently covered by employer-provided health insurance.

#3 The median yearly wage in the United States is $26,261.

#4 The average American household is carrying $75,600 in debt.

#5 Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.

#6 At this point, American families are approximately 7.7 trillion dollars poorer than they were back in early 2007.

#7 The poorest 50% of all Americans now own just 2.5% of all the wealth in the United States.

#8 According to one study, approximately 21 percent of all children in the United States were living below the poverty line in 2010.

#9 Today, there are more than 44 million Americans on food stamps, and nearly half of them are children.

#10 According to Newsweek, close to 20 percent of all American men between the ages of 25 and 54 do not have a job at the moment.

And tonight this President beats the class warfare drum with ZERO sensible solutions to create jobs...just raise taxes on couples who make over $250,000 and make half-as.sed cuts that won't lower the deficit.

Tax revenue won't increase. GE won't pay their fair share. But the leeches (mostly former military) will still get their fat tax-free checks while working overseas. (Blackwater employees etc.)

Instead the people who, for the most part, who worked hard to earn $300,000 a year take it on the chin. Because everyone knows that $300,000 a year is filthy rich. These people don't deserve that kind of money but some lazy bum in a trailer does.

The people who aren't war mongers and bullies. The backbone of what is great about this nation. They're the f.ucking bad guys.

It was clearly intended, by both Obama and Boehner, for all the people who haven't been paying any attention whatsoever to this.

It's a horror show. My country is in peril and these guys are pointing fingers taking no real responsibility for this mess. They are acting like pedantic children.

We're the laughing stock of the world.

Your last 2 posts have my vote for the two best evah in these parts. We need to make it difficult and expensive for companies to ship jobs overseas or use H1 labor. We do not need to use taxpayer dollars to create jobs or bribe companies to hire workers. Of course since those making the laws are owned by those benefitting from the above it wont happen.

The kick Boehner got from the tea party wasn't in his teeth - it was to his posterior.

We can't have it both ways though...if consumers want inexpensive products, they will have to accept off shore manufacturing. By making it "difficult and expensive" for US Companies to manufacture their product outside the US, it will just drive up the retail that we will be paying.

I gotta agree with you there Bob. Almost every consumer will buy a product at the lowest price if the quality is on par with the higher priced competition.

And I understand the desire to do something about job exodus. We need to. But whatever approach is chosen must be in line with the laws of supply and demand, resulting in a manufactured product that has pricing and quality at least on par with the products produced by the worldwide competitors.

This is why some suggest slashing corporate tax burdens and regulation - not to overtly benefit the owners of those corporations - but to reduce their costs so that making things here in the U.S. still makes good business sense. If the costs are too high and would produce expensive items that will not sell, a company must either move to where the costs make sense or shutter their doors. Either of those options leaves American workers without a job.

We are never going to be competative in meat and potatoes manufacturing of products with heavy labor as a major part of the product cost. Complex sewing garments, intricate detail on jewelry, etc are examples of areas that are gone forever. Even with China labor rates going up 5x over the last 2 years and with most factories supplying US Retailers providing health insurance and unioninzing, there is still too big a gap between the min wage here and what it can be made for there. Even if a US Company takes their manufacturing off shore, they do so to save millions of jobs that would be lost otherwise..Sales, Office, warehouse and distribution centers are positions that can't be outsourced, but that are saved by moving mnaufacturing to remain competitive. I'm sorry...you go to a Target Buyer with a Jacket made in the US at as cost of $30 or the same jacket...with quite possibly better quality that will cost Target $20 but is made in Vietnam....which one do you think they will choose?

One area that we should not lose ground jobs wise though is in the technological fields. We don't do a good enough job making it worth US Companies while not to move research labs and hi tech manufacturing off shore. Cheap labor does not drive the cost basis of a lot of these products and there is a proprietariness to them that allows for a comparison by retailers that isn't all about being the cheapest.

welll put Bob :tro:

Well put and that was the focus of my rant.. I used too wide a brush in painting. We drove out the manufacturing sector in the late 80's and everyone was told to get educated for high tech related and white collar jobs. Now those are being tossed and we are being told to invent the next big thing that will employ everyone. But the dynamics have changed the next big thing will also be done overseas. An economy where 3% of the people have 98% of the money is destained to fail.. My personal circumstances are that I am doing very well and my wife and I (thank god) have never been unemployeed so I am not talking my book here. I am afraid of the country our chidren and their children will inherit. I guess they all could bet Playa_Playas system for a living but I digress.

and JMS :p:tro:

So... how are we going to pay back this debt with no jobs???