Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 12 November 2012 (Holiday -- US markets closed) [View all]Demeter
(85,373 posts)Last edited Mon Nov 12, 2012, 03:06 PM - Edit history (1)
WHAT KIND OF CLUESTICK WILL IT TAKE TO GET HIS MIND OFF THE SHINY DEFICIT AND ONTO THE JOBLESS ECONOMY?
DOES HE REALLY THINK HISTORY WILL REWARD HIM FOR BREAKING SOCIAL SECURITY AND MEDICARE AND MEDICAID?
http://www.nytimes.com/2012/11/12/us/politics/legacy-at-stake-obama-plans-broader-push-for-budget-deal.html?_r=0
President Obama, emboldened by his decisive re-election and lessons learned over four years in office, is looking to the renewal of budget talks with Republicans this week as a second chance to take command of the nations policy debates and finally fulfill his promise to end gridlock in Washington, associates say.
As he prepares to meet with Congressional leaders at the White House on Friday, aides say, Mr. Obama will not simply hunker down there for weeks of closed-door negotiations as he did in mid-2011, when partisan brinkmanship over raising the nations debt limit damaged the economy and his political standing. He will travel beyond the Beltway at times to rally public support for a deficit-cutting accord that mixes tax increases on the wealthy with spending cuts.
On Wednesday, Mr. Obama will meet with corporate executives at the White House as he uses the nations fiscal problems to start rebuilding relations with business leaders. Though many of them backed Mitt Romney, scores have formed a coalition to push for a budget compromise similar to the one the president seeks. He hopes to enlist them to persuade Republicans in Congress to accept higher taxes on the assurance that he can deliver Democrats votes for future reductions in fast-growing entitlement programs like Medicare and Medicaid.
Every president learns lessons from their successes and failures, and President Obama is no different, said Dan Pfeiffer, his communications director. There is no question that lessons were learned in the summer of 2011 that will impact his approach to the presidency for the next four years.
OBAMA DIDN'T LEARN A DAMN THING
SO MUCH FOR THE HONEYMOON