Wall Street and Main Street Leaders on the Debt Ceiling: “Daddy’s Mad”

Congress Hears Outcry from Business Lobby on Debt Ceiling and Deficit

Leaders in business community let everyone have it. Raise that debt ceiling, and do your job. They understand the impact a default will have and want to prevent it.

Hello, Obama? Democrats? Please take this as a sign from the Almighty. Call their bluff. All in.

No concessions.

I am a believer in compromise, but the GOP refuses. They’ve really been living up to their reputation of being the “Party of No.” Slash spending, and no tax hikes. Hell, they don’t even want to close loopholes. To get the votes to raise the debt ceiling, we’ll have to do everything they want. If they’re coming into a “negotiation” with that attitude, it is a complete waste of time. They refuse to listen to us.

But they will listen to them.

The venerated job creators are saying that the debt ceiling needs to be raised.

The letter, signed by hundreds of senior company executives and groups including the U.S. Chamber of Commerce and the Business Roundtable, said that “it is critical that the U.S. government not default in any way” and urges lawmakers “to put aside partisan differences and act in the nation’s best interest.”

The very people who helped elect those Tea Party Freshmen are warning them. This puts the GOP in a very awkward position. If they want their continued support, they are going to have to do what they say. There are already signs that they’re cracking. Senate Minority Leader Mitch McConnell wants to give Obama new powers to raise the ceiling if no deal is reached. And we don’t have to concede anything. Basically, he wants the GOP to get rid of this mess.

For the love of God, Big Business just let you know, in writing, what we knew all along. You have the upper hand as they hold this debt ceiling hostage. Obama and Democrats, will you start acting like it?


18 responses to “Wall Street and Main Street Leaders on the Debt Ceiling: “Daddy’s Mad”

  • Snoring Dog Studio

    Yeah, no kidding. Please, Obama and the Dems, read the writing everywhere – the Republicans played their hand very badly, very badly. This is what happens when a group of ideologues, with no real platform other than to unseat Obama and other Dems, start playing a game with our future. They’ve shown themselves to be weak, petulant negotiators, so now’s the time to lop them off at the knees. I guarantee you, the majority of voters would probably breathe a sigh of relief if Obama ended this once and for all. Gawd, I hope people have decent memories in 2012. I’d love to see strong Democrats pointing out exactly how little the new Repubs and TP politicians did while in office since the mid-terms.

    • Spinny Liberal

      Thank you. This drama has been going on far too long, and that deadline is approaching. As far as the memories, your lips, God’s ears. I hope we have a lot of video footage to remind them.

  • lobotero

    As they (whoever they are) say, “money talks and bullsh*t walks”…Wall Street has spoken and like dutiful puppies….they obey!

  • Hansihansi

    Yeah…looks like the Republicans blinked first, or at least were reined in by their Masters, who said ‘fuck principles, corporate profits are at stake. Sorry for the potty mouth, but sometimes those hypocritical mother fuckers just piss me off!

  • beaglezmom

    The Republicans never seen to learns this lesson- the took the power of the Religious Right – then were so weighed down with obligation to their social policies they lost the election (and the right has become much less credible), then took power from the Tea Party and are now so entrapped by their unbending, narrow scope of focus they are choking on their platform. When they actually learn to take power from helping people – maybe we can get something done.

    I loved the headline “Daddy’s Mad” — That was perfect.

  • lyttleton

    I just hope that if Obama wins re-election (right now, I can’t imagine any of the ‘candidates’ being a feasible alternative), the fiery, fighting Obama is the one who stays in office.
    You can criticize him for a lot of things, but I’d rather have a pigheaded president that gets things done than Mr. Popular who tries to appeal to everyone and ends up appealing to no one.
    The Right’s made it clear they aren’t going to make any effort to find middle ground until they’re in full power again (at which time they’ll claim they have a mandate to ignore the Left), so I think it’s time for the Left to just buckle down and make the Republicans put their cards on the table. At which point, everyone will see they’re bluffing.

    • Spinny Liberal

      You can criticize him for a lot of things, but I’d rather have a pigheaded president that gets things done than Mr. Popular who tries to appeal to everyone and ends up appealing to no one.

      This gets a huge AMEN.

  • nonnie9999

    yertle mcconnell and bronzo the clown have proven that rethugs can’t govern. they’re both scared shitless of eric cantor and his merry band of mouth-breathing teabaggers.

  • Terrance H.

    I know this is an old post, but when you live in the sticks, Internet issues aren’t solved all that easily, so I just found it.

    If the Republicans refuse to compromise on this issue and either make the Democrats bend on the tax issue, or else shut the government down, I will not vote for a Republican for a long, long time. I’ll literally switch parities over this and simply be a pro-life Democrat. Because this is the bull shit. They’re going to allow the United States of America to default on a loan so their corporate whores don’t get mad at them? Fuck them. I will beat the streets to get their asses – all their asses – out of office.

    This pisses me off, if you couldn’t tell.

    • Spinny Liberal

      It takes a while for the technician to get there?
      I really hope Democrats don’t bend over for the GOP because they can’t compromise. I don’t want Obama to give away the farm. We’ll see August 2.

      • Terrance H.

        It takes a while for the technician to get there

        No. I’m waiting for AT&T to extend their service area. I had Charter for cable, phone, and Internet until they overcharged and then lied. I don’t deal with dishonest people or companies, period. So, I’m without Internet until AT&T moves their stuff into our area, which they say will be within three months.

        So, I wait. I won’t go back to Charter. They are dishonest cretins.

        I really hope Democrats don’t bend over for the GOP because they can’t compromise. I don’t want Obama to give away the farm. We’ll see August 2.

        You can hold me to it. If the Republicans do not bend, I’m switching parities. Already I’m pretty tentative on most issues, except abortion. I have no problem with higher taxes on the rich, moderate reduction in defense spending, diplomacy before war, gay marriage, food-stamps, welfare, etc…

        Republicans have abandoned the people, and “democracy without the people is a chimera,” according to Prince Metternich. I’m inclined to agree.

      • Spinny Liberal

        Wow! So where do you get access? Internet cafes? I swear to God, I’d be jonesin’ if I didn’t have internet access.

  • TerranceH

    Right now I’m replying to you on my Droid……….. When I do a post on my blog, then yes, usually a WiFi hotspot.

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