This is how it works. Republicans pass a resolution in the house raising the debt ceiling and then vote against it. Obama "vetoes" the vote because Republicans don't have a two thirds majority. Republicans do this three times over the next year.
At the end of the year, Republicans can say, "See how reckless Obama spends? He raised the debt ceiling THREE TIMES and we voted against it every time.
Remember when Republicans said they didn't want to create "uncertainty" in the market? Could they think of a way that could create more uncertainty than this? I don't see how. Maybe flipping a coin?
This, AFTER Obama put Social Security, Medicare and Medicaid on the table along with 4 trillion in cuts.
Republicans have said they want him to FAIL. They weren't joking. And there are those who said this has nothing to do with race. Sure it doesn't.
He did a few good things, big things. He passed Romney care, which could have been better if the filibuster Republicans weren't protecting HC companies every step of the way. He got Bin Laden after Republicans let him go (if they hadn't, America never would have invaded Iraq). We've had positive job growth for 15 months in a row after Republicans left him with an economy losing 800,000 jobs a month. The DOW is up 6,000 points.
The trillions in Bush tax cuts did nothing. The Bush extensions did nothing. Subsidies for oil companies did nothing. The 12 largest corporations paying no tax and getting billions from the government did nothing.
Worse, this is the second time Obama has been blackmailed. Republicans saying they would cut off unemployment for millions of Americans unless the Bush tax cuts were extended for the richest Americans was the first time.
After what Bush and both houses controlled by Republicans did, can you imagine what will happen the next time they have both houses and the presidency? Could they really do worse than before? You betcha!
So have at it Right winger Teabirthers. Defend away. Let's see you make the is fault of the "black" man in the "WHITE" House. He has even said giving up his presidency is something he would gladly do for the good of the country. Republicans would destroy the world economy to "get" him. Do right wingers really think their leaders are working for the "good of the country"? Seriously? I wish they would explain how.
Looks like rdean has truely lost his mind. Obama was "blackmailed" into extending the Bush tax cuts!!!!
You libs have lost all touch of reality.