(Reuters) - Lawmakers opened the way on Friday for a last-ditch bid for a possible bipartisan compromise to avert a crippling national default just four days before the deadline to raise the country's debt ceiling.
The Republican-controlled House of Representatives approved a Republican deficit-cutting plan and the Democratic-led Senate quickly rejected it -- moves that underscored the ideological divide but also cleared a path to start negotiating a deal.
The back-to-back votes broke weeks of political inertia in efforts to lift the $14.3 trillion U.S. debt limit by Tuesday after which the world's largest economy will be unable to pay all of its bills, the government says.
Delays and procedural hurdles will still make it all but impossible for Congress to strike a deal and send it to Obama's desk until the 11th hour, injecting a dangerous level of uncertainty into already rattled global financial markets.
Friday, July 29, 2011
Lawmakers' votes open way for final US debt push | Reuters
They've Lost That Lovin' Feeling
The Republican establishment reasserted itself this week, and good thing, too, because the establishment was right. It said Republicans in the House should back and pass the Boehner bill on the debt ceiling because it goes in the right directions, contains spending cuts but not taxes, and is viable. So accept victory, avert crisis, and get it to the Senate.
The establishment was being conservative in the Burkean sense: acknowledge reality, respect it, and make the most progress possible within it. This has not always been true of them. They spent the first decade of this century backing things a truly conservative party would not have dreamed of—careless wars, huge spending and, most scandalously, a dreamy and unconservative assumption that it would all work out because life is sweet and the best thing always happens. They were mostly led by men and women who had never been foreclosed on and who assumed good luck, especially unearned good luck, would continue. They were fools, and they lost control of their party when the tea party rose up, rebuking and embarrassing them. Then the tea party saved them by not going third party in 2009-10. And now the establishment has come forward to save the tea party, by inching it away from the cliff and reminding it the true battles are in 2012, and after. Let's hope the tea party takes the opportunity.
As this is written, the White House seems desperate to be seen as consequential. They're trotting out Press Secretary Jay Carney, who stands there looking like a ferret with flop sweat as he insists President Obama is still at the table, still manning the phones and calling shots. Much is uncertain, but the Republicans have made great strides on policy. If they emerge victorious, they had better not crow. The nation is in a continuing crisis, our credit rating is not secure, and no one's interested in he-man gangster dialogue from "The Town." What might thrill America would be a little modesty: "We know we helped get America into some of this trouble, and we hope we've made some progress today in getting us out of it."
***
But that actually is not what I want to talk about. I want to talk about something that started to become apparent to me during the debt negotiations. It's something I've never seen in national politics.
Martin KozlowskiIt is that nobody loves Obama. This is amazing because every president has people who love him, who feel deep personal affection or connection, who have a stubborn, even beautiful refusal to let what they know are just criticisms affect their feelings of regard. At the height of Bill Clinton's troubles there were always people who'd say, "Look, I love the guy." They'd often be smiling—a wry smile, a shrugging smile. Nobody smiles when they talk about Mr. Obama. There were people who loved George W. Bush when he was at his most unpopular, and they meant it and would say it. But people aren't that way about Mr. Obama. He has supporters and bundlers and contributors, he has voters, he may win. But his support is grim support. And surely this has implications.
The past few weeks I've asked Democrats who supported him how they feel about him. I got back nothing that showed personal investment. Here are the words of a hard-line progressive and wise veteran of the political wars: "I never loved Barack Obama. That said, among my crowd who did 'love' him, I can't think of anyone who still does." Why is Mr. Obama different from Messrs. Clinton and Bush? "Clinton radiated personality. As angry as folks got with him about Nafta or Monica, there was always a sense of genuine, generous caring." With Bush, "if folks were upset with him, he still had this goofy kind of personality that folks could relate to. You might think he was totally misguided but he seemed genuinely so. . . . Maybe the most important word that described Clinton and Bush but not Obama is 'genuine.'" He "doesn't exude any feeling that what he says and does is genuine."
Maybe Mr. Obama is living proof of the political maxim that they don't care what you know unless they know that you care. But the idea that he is aloof and so inspires aloofness may be too pat. No one was colder than FDR, deep down. But he loved the game and did a wonderful daily impersonation of jut-jawed joy. And people loved him.
The secret of Mr. Obama is that he isn't really very good at politics, and he isn't good at politics because he doesn't really get people. The other day a Republican political veteran forwarded me a hiring notice from the Obama 2012 campaign. It read like politics as done by Martians. The "Analytics Department" is looking for "predictive Modeling/Data Mining" specialists to join the campaign's "multi-disciplinary team of statisticians," which will use "predictive modeling" to anticipate the behavior of the electorate. "We will analyze millions of interactions a day, learning from terabytes of historical data, running thousands of experiments, to inform campaign strategy and critical decisions."
This wasn't the passionate, take-no-prisoners Clinton War Room of '92, it was high-tech and bloodless. Is that what politics is now? Or does the Obama re-election effort reflect the candidate and his flaws?
Mr. Obama seemed brilliant at politics when he first emerged in 2004. He understood the nation's longing for unity. We're not divided into red states and blue, he said, we're Big Purple, we can solve our problems together. Four years later he read the lay of the land perfectly—really, perfectly. The nation and the Democratic Party were tired of the Clinton machine. He came from nowhere and dismantled it. It was breathtaking. He went into the 2008 general election with a miraculously unified party and took down another machine, bundling up all the accrued resentment of eight years with one message: "You know the two losing wars and the economic collapse we've been dealing with? I won't do that. I'm not Bush."
The fact is, he's good at dismantling. He's good at critiquing. He's good at not being the last guy, the one you didn't like. But he's not good at building, creating, calling into being. He was good at summoning hope, but he's not good at directing it and turning it into something concrete that answers a broad public desire.
And so his failures in the debt ceiling fight. He wasn't serious, he was only shrewd—and shrewdness wasn't enough. He demagogued the issue—no Social Security checks—until he was called out, and then went on the hustings spouting inanities. He left conservatives scratching their heads: They could have made a better, more moving case for the liberal ideal as translated into the modern moment, than he did. He never offered a plan. In a crisis he was merely sly. And no one likes sly, no one respects it.
So he is losing a battle in which he had superior forces—the presidency, the U.S. Senate. In the process he revealed that his foes have given him too much mystique. He is not a devil, an alien, a socialist. He is a loser. And this is America, where nobody loves a loser.
Apple Has More Money Than U.S. Government « Fox News Insider
Is there a U.S. based company that has more money than the U.S. government? Alisyn Camerota reported that according to Apple’s latest balance sheet, it has $76 billion in cash reserves. As of this morning, Uncle Sam’s piggy bank has a little more than $73 billion.
Texas looking forward to storm: News24: World: News
San Antonio - As much of Texas suffers through one of its worst droughts, many rain-starved Texans are doing something they thought they would never do, looking forward to the arrival of a tropical storm."Someone's going to get it. We hope that it's us," said Danielle Hale, emergency management director in Corpus Christi, right in the middle of the area where Tropical Storm Don is expected to come ashore on Friday night.
Parts of Texas are 38cm short of their average rainfall for this time of year. Don's expected 13-18cm of rain and the fact the storm was not seen bringing damaging winds or a destructive surge, make it a perfect storm for a state sick of water rationing, brown lawns and dying crops, Hale said
