Friday, July 8, 2011

Debt ceiling video blitz

Boehner, Pelosi, and Obama spoke about the debt ceiling today. A lot of the same. Everyone seems to be posturing before the big negotiation session on Monday. The videos and my analysis, after the break.

Video #1: John Boehner and his fellow Republicans gave a briefing on the debt ceiling. Mostly more of the same talk of not raising taxes. They naturally blame the jobs report this morning on Obama's policies. Fast forward the clip to about 11:10 and you'll hear Boehner talk about how far apart the two sides are and that no deal on the debt ceiling is imminent. I also found his comments around 13:30 to be interesting - Boehner was asked what the Republicans could offer to "sweeten the deal". After a short pause he started to side-step the issue and talk about how serious the problem was and how it needed to be solved.

Video #2: Nancy Pelosi was by herself in the Democrat's weekly briefing (is that normal? I don't usually watch these things. Seems weird in contrast to the army of Republicans we just saw). The minority leader started by blaming the Republicans for the jobs report because they have not passed a jobs bill this year and the Democrats have introduced 20 or so. Pelosi also said that the Democrats are united in their resolve to not accept any cuts to Medicare or Social Security. What was interesting to me came around 13:30 where she was asked if a change to a more conservative CPI adjustment for Social Security would be considered (so that benefits grow with inflation, and not a level above it as they do now), and she didn't seem opposed to the idea. If I were a betting man, I would say that will be part of the final agreement.

Video #3: Finally, Obama explained for the umpteenth time that this recession was a big one and it will take a long time to get out of it. Of course, this lecture comes a few years after the stimulus bill which was supposed to have us in the midst of a wonderfully strong recovery right now. He encouraged congress to extend the cut in the payroll tax that he signed last year to keep the economy growing. Wait a minute, why are the Bush tax cuts evil and destroying the economy, but the Obama tax cuts are good and should be renewed... this city is so messed up.

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