CNN’s State of the Union featured Mitch McConnell, Chuck Schumer and Gene Sperling, ending with Mark Zandi. Their collective task, and they all agree on this, was to sound reasonable while not explaining what really matters in the emerging deal President Obama is hoping to impose on a helpless, and increasingly hopeless nation.
There were no guests to represent the victims of this deal, and there will be tens of millions of them. CNN invited no one who could explain or argue what a terrible deal this would be for the nation. The nation’s economy, the elderly, the poor and the unrepresented are about to take a serious drubbing, but thank the gods both Democrats and Republicans, Congress and the President will willingly administer the beatings and continue them until morale improves.
The basic components are reported to include:
1. Raising the debt limit by enough to get us into 2013, about $2.6 trillion or so. (No one thinks to ask, what then? Do we destroy even more government then?)
2. Cutting spending by at least the same amount, possibly even up to $3 trillion?
3. Agreeing to about half of those cuts now.
4. Creating a 12-member, Cat Food II Commission to achieve the other half by the end of the year, by greasing the Congressional skids for more cuts.
5. Adding “triggers,” so that if the Cat Food II Commission fails to agree, automatic measures are imposed to achieve the debt reduction goals.
6. Allowing a vote on some form of balance budget amendment to the Constitution.
7. Not mentioned: Remaining silent on anything that the country actually needs, like jobs, rescuing states, alleviating poverty and income equality, reining in the financial sector, stopping the looting, holding these criminals accountable, making the investments needed now and in the future, or planning to rescue the economy if it tanks again from the stupidest economic policies one could possibly imagine.
According to Mitch McConnell, who refused to reveal any details other than those designed to assure his craziest supporters, the deal may ultimately include as much as $3 trillion in spending cuts but include no new revenues. Host Gloria Borger asked, why would he expect Democrats to accept a deal with no revenues? Mitch trotted out the half chestnut that even the President agrees that raising taxes when the economy is weak would be a terrible idea.
Okay, but predictably, Ms. Borger did not then ask why the same implicitly Keynesian argument McConnell is using to protest tax increases does not apply with at least equal or greater force to spending cuts and government layoffs when the economy is weak. So Mitch McConnell never had to confront his favorite talking point’s hypocrisy.
Borger asked whether there might be any new revenues coming out of the Cat Food II Commission. “There are no tax increases in this deal,” he said.
Then it was Chuck Schumer’s turn to lie to the American people. He didn’t explain why, two days after the Commerce Department report showed that the economy is close to sliding back into official recession and the prospects for reducing unemployment are dismal, he and fellow Democrats were not screaming for a jobs and stimulus plan instead of spending cuts.
He wasn’t ask how he can assure the country that $3 trillion in spending cuts over the next decade will not hurt the economy and millions of Americans and seriously degrade vital public services. Nor was he asked how the Democratic leadership can justify a total capitulation to Republican blackmail and adopting their talking points.
No, Chuck’s main concern was making sure that when the Cat Food II Commission fails to agree, the triggers that kick in to impose further carnage on the economy and hurt millions of real people will hurt some Republican sacred cow too. Yeah, Chuck, that will make us all feel better. Gosh, we lost Medicare and Social Security benefits, but man, we sure stuck those hedge fund guys!
Next we heard from Gene Sperling, the White House spinner. He repeated, as David Plouffe did on Meet the Press, all of the Administration’s talking points we’ve heard from Obama and Bill Daley, most of which are illogical, economically backwards and/or morally offensive. “You can’t ask for sacrifice from seniors,” Sperling started off. But he didn’t know when to shut up. Instead he added “without asking for some sacrifice from the well off.” So, you can hurt seniors.
In the Orwellian universe in which this White House spins, “shared sacrifice” means that it’s okay to hurt seniors and extract even more from the poor and those without political power as long as we also change the tax treatment for hedge funds or corporate jets. “Compromise” means giving away the store, caving in to Republican blackmail, enraging Democrats and betraying everyone who voted for Obama or the Democrats. And then Sperling repeated the gibberish about how all this will restore confidence to the business community.
Next, Mark Zandi said the reported deal is a “great deal,” and that the $3 trillion reduction comes close to the “down payment” that will get us to “sustainability.” The market will react very positively, he assured us, knowing the reason is because lots of market folks believe this gibberish.
Would this improve the economy or create jobs, Borger ask? “Yes,” he said, forgetting that it contradicts everything he’s ever said about the effects of stimulus, the need for more, and the negative consequences of reducing government support while the economy is weak. There must be a dozen of his quotes out there,does Gloria Borger know? This deal will provide “certainty,” Zandi assured us, thus laying the foundation for improved growth in coming months. Confidence fairies flew out of my screen.
The only hope the American people ever had during this mugging, though no one but Krugman is ever allowed on tv to explain it, was that this abysmal Congress would deadlock. That would force the President of the United States to ask his lawyers again whether there was anything in the Constitution that gave him sufficient executive authority to tell Congress and the Republican crazies to kiss off and tell his Treasury Secretary to avoid default and pay the nation’s bills, all of them.
“Uh, well, gosh, now that you asked in that light, Mr. President, there are actually several ways you could do this . . . “ And then David Plouffe would send an apology to David Gregory for declaring the opposite today.
But that was never what President Barack Obama wanted. He used the phony debt crisis and debt limits extortion to get what he’s always wanted: shared responsibility in cutting programs for the elderly and the poor, while protecting the interests of the financial backers whose millions he’ll need to get re-elected. And never mind that he’s destroyed what’s left of the Democratic Party, not to mention a nation’s hopes for humane government.



62 Comments

And the Cat Food II “Commission” is the undemocratic “Super Congress” offense Jane Hamsher describes in her earlier post today.
EXCELLENT analysis scarecrow, one point;
There were no guests to represent the victims of this
dealheist, and there will be tens of millions of themthis is nothing short of stealing, they are taking middle class assets, assets that were borrowed against to make believe they could “cut taxes”, they are taking our frigging money, our parents investments and our children’s legacy
My entire government is against me even though I’ve always paid my taxes and fought in RVN. My government wants me to pay more so that corporations don’t have to pay anything. And since I’m complaining, the government will cut the medical and retirement benefits that I’ve paid for so that I can just crawl off and die from disease or bad catfood.
Being a good citizen all your life sucks in the end.
This will cost Obama the “lesser evil” vote.
What a good post…lots left out in the plan about Commission specifics and getting a Constitutional Amendment…Glad I was not listening to McC….
I heard it on MSNBC: We are spiraling into bankruptcy. So it must be true I guess. The thugs got everything they wanted, even the balanced budget amendment, it appears. This guy takes the ring for worst president ever. I will vote for Sarah before I vote for this asshole. At least I know what I will get.
Google, “when in the course of human events . . .”
Wow, nice summary of the insane Scarecrow. We are truly living in a kleptocracy- all that matters to these assholes is the Benjamins.
The speed of the utter capitulation to the Nuttbaggery happily led by the President and meekly followed by the toothless Democrats is stunning.
The insane birth of The Fascist States of America is all but official.
The balanced budget amendment will pass the states lickety split. The Cokehead brothers and ALEC have captured the state legislatures. We are toast, brothers and sisters, unless we figure out how to organize. But that does seem to be a problem.
What is sad is that we all knew how this would play out. The two sides would fail to come to a deal, piss away the entire week, and then AT THE LAST minute and when it’s too late to get details….. a deal would sping into play.
No details. No time for voters to weigh in.
“Host Gloria Borger asked, why would he expect Democrats to accept a deal with no revenues? ”
Because the Repubs are closing in and will demand that the Dems pass the bill or default and if they don’t pass it then the Repubs will blame the Dems for the economy crashing again. It was planned this way. Strip the Dems of everything in the bill and entice the right so in the end the Dems will be the bad guys for not voting for it.
Only 12 states would have to reject it. I think that could be done.
slave owners stole from the slave. They stole the slave’s life and energy for their myopic self interest, profit. Today America witnesses a more sophisticated why to steal from the governed. It is called using the media and color of law to protect a way of doing business which pigeon-holes America into servitude to corporations just as slaves where in servitude to the master. It called protecting the slave owners aka corporations, via Dred Scott as Roberts protected the corporate interest to perpetuate the fleecing of America, via Citizens United? They are fucking America and protecting no one other than corporate’s way! After all was not the King of England protecting the business interests of the East India Tea Corporation in the American colonies, when the likes of Jefferson Madison Hamilton said enough is enough!~ Fuck You King?
So much for forever “crushing the aristocracy,” when law is fixed and the pitch tilted for the benefit of aspiring slave owners? Ask Dred Scott if you can? He just might speak from his grave or haunt the soul-less bastards wrapping themselves in flag and Bible???
VastLeft posted a quote from Obama’s Audacity of Hope” which very clearly points to just what we’re seeing from him as president.
He lied to us, mislead us, bamboozled us. But, the tell tale indications were available, but only by really digging into his past actions and what little philosophy he actually made clear.
I think we could place winning bets that the Wall Street Gang Banksters, the FIRE types, the DLC and Third Way were quite aware of this kind of thinking from Obama.
Uh, make that 13.
Give me an honest street mugger any day over these preening, pampered sociopathic dandies. I was able to watch the first eight seconds of that video and no more.
Forget the New Deal, this is willful orgiastic destruction of all notions of any social fabric at all.
Btw Scarecrow, you’ve been en fuego lately – many thanks for your passion and clarity.
Feel that *hope*?
Looks to me like these spending cuts reflect the current beltway backroom conventional wisdom: the economy is NEVER coming back so we necessarily have to cut back; protect capital and the rest can fend for itself. At this time in our history, America IS capital and Americans who don’t hold capital are expendable.
Via Politico:
There you go. The fix is in. President Lawn-chair bravely folds and all is right with the markets.
You should be terrified, because what they are leaking out they consider the good parts of this. So if this sounds bad now the final bill will be a lot worse.
No way in hell I vote for Obama again. I don’t care how bad a Republican in the White House will be. Getting stabbed in the back is much worse.
Not a single Democrat in the House should vote for this. Let them do it with Republican votes. I wonder how the 23 Democratic Senators up for reelection will vote. Anyone who votes for this needs to be primaried.
Harry Reid is not talking trying to prepare the Democratic base for this disaster by talking about how SS checks won’t go out and the soldiers will be hurt. Give me a break! They’ll get their checks next month but look what they’re going to be taking away from them in the future. The great con game is on!
Sheesh. I guess I don’t know how to do a link in myfdl. Here’s the link:
http://www.politico.com/blogs/politicolive/0711/Zandi_Deal_should_avoid_downgrade.html
All of what Scarecrow writes today is painfully true, to the best of my ability to understand. At this point it seems that all those who are aware of what is being done can do is either vent outrage or simply serve to chronicle the situation for historical review.
For my part, I think we are seeing a threshold finally crossed: the US has always been a capitalist enterprise, primarily centered on enriching people who are already rich. However, in recent decades, the social contract between wealth and workers has been steadily degraded and eroded – by the wealthy – and we are now finally seeing a long-corrupted US political class and government cross over the threshold into banana republic governance.
The national Congress is starting to look like the Yeltsin-era Duma, the head of state, a lot like an IMF puppet running a developing nation, and the public, an increasingly humiliated population in Chinese-made Gap jeans starting to smell the coffee burning.
Yay! Compromise!! Adults!! Ressponsible!! Put politics aside!!! Comend both sides!!!! Yay!!!!
What Congress is venturing here will only accelerate the U.S. economy’s collapse. That we are in the midst of a hyperinflationary breakdown crisis seems lost on these folks. No surprise, having spent their careers showing greater concern for “the markets” than the posterity of their constituents. Gene Sperling, along with Timothy Geithner, do wonders presenting reasons why I am inclined to view President Obama our nation’s fascist-in-chief.
I suspect these commissions are unconstitutional breaches of government process.
Has anyone said #fuckyouwashington lately?
Since the economic hitmen ran out of “third world” countries to screw over and have cycled back to the “first world” countries, they like to detonate the place when they’re about finished using them ala a more scorched earth version than even the “Zorg” philosophy.
Let’s get real here on Medicare age changes.
make it crystal clear that by raising the age limit we are killing people.
Dont raise the age to 67, cap it at 83; after that you can buy it on the open market.
or tell people they can have Medicare for 17 years; they get to pick which ones.
let’s make it absolutely clear what is being done to the seniors.
Ah, “change you can believe in”.
Christ, the Obama presidential campaign had to have been one of the most dishonest presidential campaigns in American history.
The folks at HuffPost capture Krugman’s disgust at the reported deal:
“We used to talk about the Japanese and lost decade,” Krugman continued. “We’ll look at them as a role model. They did better than we’re doing. this is going to go on. I have nobody I know who thinks the unemployment rate will be below 8 percent at the end of next year. With the spending cuts it might be above 9 percent at the end of next year. There is no light at the end of this tunnel. We’re having a debate in Washington, all about, ‘Gee, we’ll make the economy worse, but will we make it worse on 90 percent of the Republicans’ terms or 100 percent of Republicans’ terms?’ The answer is 100 percent.”
We have the budget debate in a couple of months. So we get to replay this again on a differnet battlefield. I don’t know what more Obama can give away, but I’m sure he’ll think of something.
Send your cards, letters and hashtags to the White House twitter machine.
Funny how Twitter didn’t allow #fuckyouwashington to tend.
Hey Obama supporters suffering from severe denial, you still think the president is playing chess? I keep hoping this is some damed nightmare and that I’ll wake up one day and this will all be over. But sadly, NO!
Here’s one thing that’s abundantly true about this whole fiasco, THE RICH HAVE WON! It’s amazing to watch Obama putting the final nail in the Democratic Party’s coffin, yet think he’ll be remembered as a great president and as a responsble adult by doing the bidding of the wealthy and the GOP.
This is no longer a moral nation, not by a long shot. We’ve watched every president since Reagan side with wealthy people and corporations, while simultaneously destroying the middle and lower classes. We watch the village media let the Tea party dominionists off the hook, and lay the blame at the feet of the few Progressive Democrats willing to stand up to this failed president. Why? because it’s clear to any thinking person, and any person who truly understands the message of the bible is we are judged by how we treat the least among us; it’s clear that America’s God is the almighty dollar.
I keep hearing Democrats blaming the GOP for this failing nation, and they’re right. But to not hold the Clintons and Obamas and like minded Democrats responsible is criminal negligence. The Democratic party of Roosevelt no longer exists, and we have the DLC and Conservadems to thank for it. If this deal is indeed what they report it to be, I feel as hopeless as I’ve felt during any time of the Bush presidency because it’s clear that any veil of pretense the Democratic party had of supporting the middle class, working people, and the poor has been lifted. The mask has been removed, and we now see the modern Democratic party for what it truly is, which is the opposite side of the same corporate coin as the GOP.
If you are a Democrat, and you say you want to hold this president accountable, but you still plan to vote for him, what’s your rationale for not primarying Obama now. He’s placed the Sword of Damacles over the Democrats, and put his party in the position of being the sole blame if this deal falls through and the debt ceiling isn’t raised. Progressives will be fully blamed for this catastrophe simply because they wanted to protect the least among us, what the bible asks us to do. The irony is striking.
For those black people who attack those of us who hold this president accountable (and I am black), and who are fighting to protect you in this process, you need to get the fuck over it. Understand this, the immediate cuts in this deal of $1 trillion will directly increase black unemployment and poverty. Blacks and other minorities have been disproportionately affected by this downturn, and these cuts Obama’s forcing on the Democrats will only make the problem worse. The 17% black unemployment, and the 30% black youth unemployment rate will explode under the leadership of the black president you so fervently protect.
If anyone thinks this deal will lead to Obama’s re-election with an already faltering economy, with further decline in economic activity, and a faster increase in unemployment due to this deal; you know nothing about politics. The GOP has maneuvered this president into his own demise from day one with the stimulus bill and his weak health care bill, and he’s fallen for every move they’ve made, and thereby has sealed his status as a one term president. What this deal will do, if passed, will seal the Democratic partiy’ fate with him.
GET READY FOR A GENERATION OF ULTRA-CONSERVATIVE RULE DUE TO THIS UNPRECEDENTED PERIOD OF POLITICAL MALPRACTICE BY A DEMOCRATIC PRESIDENT AND CONGRESS ELECTED TO HISTORIC MAJORITIES IN 2008 TO MAKE REAL REFORM AND CHANGE, AND FACING COROPORATE MONEY AND GOP PRESSURE, FAILED MISERABLY.
The things under siege in the budget debate are EPA and environmental regs, the transportation funding, funding for financial and other industry oversight regs, health/safety monitoring and research, alternative energy, everything that’s not nailed down, but they’ll include a crowbar.
“helpless, and increasingly hopeless nation.”
helpless? by choice, I would say.
There is a ton of analysis. other than that, not much of anything.
Jane Hamsher, and some other people demonstrated.
where’s everyone else?
analysis and blog anger won’t stop any of this.
and when it is seen that it can be done with impunity, it will just continue and worsen.
you need a Tahrir square.
This is what is in store for us old people. It is beautiful.
http://www.youtube.com/watch?v=edQNjJZFdLU
Poor choice of words — by “helpless,” I only meant unrepresented in these negotiations. You’re right we are not helpless unless we choose to be.
I’ve been wondering that too.
You know that the WH and DNC have been all over every one of those fools, threatening them that if they don’t vote FOR it, no DNC money for them.
Just another feature of Obama’s big fund-raising push earlier this year.
Criminal coup.
I’m pretty sure DC is getting the massege even if we don’t hear about it.
actually, 0bummer is correct in his analysis.
I was a teenager on welfare in the 70′s – I went to college on federal financial aid. The programs sucked to live on – to which liberals looked down their nose at me & told me I should be grateful, to which the fascists lied and said “get rid of government!”
The opportunity after the 70′s was to make community investment more responsive – instead of doing what what the … ha ha ha … ‘private’ sector has done -
hire hordes of fucking parasitic management to blame us peee-ons for shitty processes and shitty outcomes, all the while the parasites line their pockets for whipping us peee-ons harder, especially when the parasites just outsource us peee-ons to BangaloreMalaysiaJuarez.
I actually HOPEd (ha ha ha) in my 20′s and 30′s that these phony ass Dim-0-crap sell outs were gonna reinvent government & be able to shove the right wing lies from Raygun back into the nasty holes those fucking lies came out of.
Instead, the clinton-0bummer crowd have just cha$ed the ever moving rightward goal po$t$, while pocketing their 30 piece$ of $ilver.
Without a doubt, there was plenty of evidence that 0bummer was just another clintonian DLC Third Way f’king sell out. However, in his speeches he did NOT emphasize selling us out, and, I’ll admit to have a shard and shred and scintilla of hope that, unlike clinton, obummer WOULD seize the day and start progress for ALL of the community, not just the aristocrat pigs at the top, dedicated to being on top and being pigs.
We’ve seen how that worked out – we have 0bummer.
rmm.
Hope sustains life. Dopes addicted to booze, coke, money, power ruin life. Mandatory breathalyzers, in congress to see how much alcohol is consumed before Congress causes America, into a head-on collision causing death while driving away unscathed, like Mr. Magoo yelling “Road Hogs,” while the true LIFE GRABBING HOG is congress who essentially legislate people into servitude. Yup congress passed fugitive slave laws in the past, to protect slave owners as today congress and the SJC protect the powerful corporate interests who buy law, to then fuck Americans and the Republic! Jefferson again right on point. Full circle baby. America better wake the fuck up or it is all over! The dream the vision of our founders pissed on by corporate slime to maximize profit. Jefferson and Madison well ahead of their times in dealing with amoral scumbags corps who profit not by meeting the legitimate needs of a society, but by scamming a society and nation by utilizing the undue influence of monied interests on the political process,” to protect the myopic self interest, unending gamed profit at life’s expense?
I hope Obama, our new Urinary Executive, is enjoying his Sunday morning eleventh-dimensional piss on the hopes and future of every decent U.S. citizen.
Bush tax cuts will of course end up permanent…probably lower corporate tax rate too. And we’ll need a new war soon. Good times ahead!
Their defenders claim that it’s okay because it’s just congress making rules for running itself.
In which case, why bother to do it via legislation?
It’s going to be fun for them trying to fight a war when the warm bodies aren’t available – they don’t have the manpower for the ones they’re fighting now. A lot of military families are on food stamps now – that’s not a secret.
“…I saw a newborn baby with wild wolves all around it I saw a highway of diamonds with nobody on it I saw a black branch with blood that kept drippin’ I saw a room full of men with their hammers a-bleedin’”
“I saw a white ladder all covered with water I saw ten thousand talkers whose tongues were all broken I saw guns and sharp swords in the hands of young children And it’s a hard, it’s a hard, it’s a hard, and it’s a hard It’s a hard rain a-gonna fall…”
– Bob Dylan
When enlisting in the military is one of the only remaining ways to feed your family there will be no shortage of cannon fodder.
For those interested in documenting the history behind Obama’s corporatist agenda, Washingtons Blog does a good job of it here.
How about, when the shit hits the fan, I mean really hits, no VOTES for those 23 statesmen and women?
Anyone who believes that Obama is going to be re-nominated needs to tell us how he’s going to turn this around? Even if he wanted to, which he clearly doesn’t.
In pretty short order he’s going to be on the wrong side of 40% approval, and that could be just the beginning. Within 3-6 months, I expect him to be low enough that the DLC will be begging him to take his leadership skills into the private sector.
without the months of lies and the months of real theatrixs over phony problems, I can count on Maria Cantwell to sell me out.
and, even if cantwell doesn’t outright sell me out with a crappy vote, patty murray will. I wouldn’t be shocked if the 23 up for election are allowed to vote against it to maintain some appearance of being a Democrat … ??
On the other hand, aside from being a traitor to peee-ons, maybe 0bummer REALLY believes his bipartisanSHIT shtick – in which case the 23 will be forced to be lilly-states-putians and … ha ha ha… compromise.
rmm.
You mean anything that would protect Americans from corporations or bring economic relief to individual and or family from the Faustian corporate ideology where everything is exploitable for the benefit of money and power?
“Analysis and blog anger won’t stop any of this.”
I beg to differ. It stopped Hillary Clinton (at the same time it started Barack Obama.) things happen first on the ‘net. The fact that FDL is getting flack from posters at Kos and a few at Digby’s (e.g.) for getting in Obama’s shit, big-time, is a source of pride and pleasure to me.
Of course, the argument about Obama and what he’s done and not done, is getting more intense, even at the ass-covering sites. At Digby’s I look at the comments about Obama, and about Digby’s shreiking “Sarah Palin’s talking out of her ass again!” every time Obama craps on us, and I just smile, thinking of how I was getting dogpiled 3 months ago, for saying the same thing.
One of the posters on here called her “A master of deception.”
Not too much deception going on over there, just now. :o)
Here’s the bottom line. The no-bullshit progressives (that would be most of us) were VERY instrumental in putting Mr. Centrist’s train on the White House track…again, at the same time we de-railed Hillary’s donkey engine. And we cranked that up on the internet.
Now that we’re bailing on him, I promise you, a lot of the things we’re saying, right here, are being said by democrats in the cloakrooms of the House and Senate. And it’s only going to get better…or worse, if you’re a president who’s willfully squandered an historic opportunity.
And Obama will not implement the 14th Amendment for everyone, just the bondholders (as they have been advised).
He’s liking scaring the SocSec recipients, I fear.
Not only a Republican, but a sadist.
When I see progressives groups mounting a drive to not vote for Obama and the democrats in 2012 I will know that we are serious. I have seen countless progressives on tv complain about Obama and then admit that they will vote for him bcz they want him over the republicans. Meanwhile he keeps giving the store away. I dont care how bad the republican alternative is if we continue to allow Obama and the democrats betray us on our core issues we deserve everything we get. It is past time for us to start a not voting for Obama in 2012 drive.
McConnell and Obama are in private meetings making the deal. What could go wrong?
It’s a foregone conclusion that CC2 won’t issue a recommendation, because Republicans on the commission won’t agree to any revenue increase. It’s also a foregone conclusion that the spending cuts that CC2 does agree to will be the starting point of debate, and the final result will be something much worse.
The Deal has been announced. You were right, Scarecrow, damn your eyes(just kidding, I just wish you were wrong):
http://my.firedoglake.com/sixgill/2011/07/31/debt-deal-arranged/
You can’t not vote for this asshole, he’s black. (I’m being facetious of course). In fact, this is the whitest black dude I’ve ever seen. He has negative soul.
You people do know that there is a $700 billion defense budget, don’t you?
I find it very curious to read all these posts about your concern for suffering poor orphans and widows and yet nobody mentions how all that money is wasted on imperial delusions.