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December 22, 2012

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Abraham Lincoln: "A house divided against itself cannot stand."

Peter Arnett, concerning Ben Tre, Vietnam, l968: "'It became necessary to destroy the town to save it', a United States major said today. He was talking about the decision by allied commanders to bomb and shell the town regardless of civilian casualties, to rout the Vietcong."

And away we go: http://www.youtube.com/watch?v=wcW_Ygs6hm0

I am hoping that Obama uses the debt ceiling for the ultimate showdown. have all Democrats in the Senate and in the House vote, or be prepared to vote, for a clean raising of the ceiling. Then, dare the GOP to take the heat as the markets react to their hostage demands.

Obama and the Dems could spend each day explaining the inanity and insanity of what the GOP would be doing. Then watch their civil war commence.

Well then let me concur with all of above. The fiscal speed bump is a preliminary skirmish in this war of maneuver. The debt ceiling is,on the other hand, the perfect opportunity to break the Republican caucus. The president has done much to lay the groundwork in creating the appearance of sweet reason and willingness to compromise. Endless republican intransigence is going to, I believe, lead to such public frustration that when the failure of their ideology becomes apparent the blood will flow under the back room doors. You can't mess with everyone all at once and the business community is Ginger to revolt.

The true madness beneath all of this is the Ronald Reagan lie that cutting income tax rates pays for itself. Many, most (all?) GOP politicians still believe this and its convers - raising tax rates hurts the economy.

The WSJ had a lengthy piece describing the negotiations. Obviously Obama was playing hardball all the way.

And, based upon what it says, unless the GOP does an awful lot of caving get ready to hear an inauguration address and SOTU speech that will knock the GOP to hell and (hopefully) not back.

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