The Key to Unelecting 0bama? Letting Him Do What He Does (ZeroHedge)

Heh.  Just let him indulge his own proclivities and then hold the line on debt.

 

GOP Finally Discovers Obama’s Achilles Heel: Just Let Him Do What He Does… And Encourage It!

By Tyler Durden | ZeroHedge

Two weeks ago when discussing the latest lunacy surrounding America’s exponential curve #1 also known as its debt balance, we suggested what the GOP election strategy should be: “[if] the debt ceiling becomes a sticking point at the election, Obama’s chances of reelection plunge. Which makes us wonder – will Republicans grasp that the paradox of defeating Obama is precisely in giving him a carte blanche on all the stimulus programs he wants? Because if Congress approves another $200, 300 or even $400 billion in stimulus pork (the only thing better than one Solyndra? One thousand Solyndras!) the Treasury will drown in the need to raise hundreds of billions more, and will in fact hit the ceiling well in advance of the elections. As for the stimulus projects themselves, they will crash and burn just like all centrally planned endeavors, and actually result in a far worse outcome than if they had never been attempted. [Because] the best way to finally get back to a fiscally prudent regime? Why go to town, of course.” We were delighted to discover that our policy anti-recommendation has finally been adopted. Because as the WSJ reports when it comes to the latest payroll tax extension we find something quite stunning: “House Republican leaders said Monday they would introduce a bill extending the payroll-tax break for the rest of the year without finding spending cuts to offset the program’s cost. The proposal marks a major shift for Republicans, who previously had insisted that the costs of extending a trio of provisions expiring at the end of the month be offset with spending cuts.” That’s right – no offsetting spending cuts. Which means one thing – much more debt.  How much more? At least $160 billion much. Which means that the debt ceiling discussion will hit not in November as we speculated previously, but potentially as soon as September.

It also means that by the time the GOP candidate is debating Obama the primary topic of discussion will be just how much the Administration is plundering from government retirement and pension accounts to keep the country under the latest and greatest (and just upwardly revised) $16.4 trillion debt ceiling.

 

And they won’t even have been being obstructionist.  The downside: Will the Republic survive?

If I really wanted to live in one of the PIIGS I’d move to one of them.

 

Hat Tip: Glenn “Instapundit” Reynolds

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Posted by on February 14, 2012.
Filed under 2012 Presidential Race, Economics.
Tagged with: .


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  • Hugh_G

    Oh how Machiavellian.

    Or could it be they had there asses handed to them for the last obstructionist tactic? 

    Hmmmm. I’ll take door #2.

    Funny isn’t it how the Repuglicans don’t give a sh** about deficits when they’re running the show? 

    By the way you do know that President Obama numbers are trending up?

    • http://www.rustedsky.net JLawson

      Funny, isn’t it, how Democrats don’t give a sh** about deficits that are WAY beyond anything Bush ever did when they’re running the show?

      BTW, you do know that when you buy votes with expensive entitlements the voter doesn’t necessarily stay bought?  /not sarc

      When the money runs out, all those nice little entitlements are going to be going the way of an empty water bottle in a tornado.   The big problem has been Congress defining everything as too important to actually cut – which actually means ‘too important to some voter base somewhere’. 

      Like it or not, something’s going to snap.

      And that’s when we’ll find out what’s necessary – and what’s nice to have but expendable when you’re out of money.

      Look at Greece – that’s the future. All the rioting in the world won’t do one bit of good if the money isn’t there. Yes, burn shit down because there’s no money and your credit rating stinks and your country can’t get loans from others – that’ll show the greedy bastards in the rest of the EU and get the money flowing again! 

      Except… why should they continue to prop up Greece?I give the EU about another two years before fiscal issues shatter it. I give us about 10, if we don’t get spending under control and realize that “must have” items in the budget are quite different than “nice to have” – and that our financial problems occured when too many people defined “nice to have” as “must have”, and figured they could just put it on the credit card for the future to pay.

      Well, here it is in the future, and the bill’s come due. But the politicians think if they can just make it through one more election cycle and then retire, they’ll have handed the problem off to someone else and it won’t be their responsibility any more – just like your roommate who drank all your beer and puked on the floor right before he moved out.  It’s not HIS place any more – why should he clean it?

      Solutions? No easy ones – we’re WAY past the ‘easy’ fixes, that should have been started a couple of decades back. One thing for sure – the current level of spending WILL have to be slashed, and not in the “Oh, we’re only taking an 8% increase in next year’s budget instead of 10% and that’s a terrible sacrifice (nudge-nudge, wink-wink)” way the government’s used to doing things. 10% solid cut across the board this year, and for each of the next 5 might work – it’ll hurt, but it’d work.

      But we won’t see it. Proposing something like that would be political death for any pol.   It’s far easier to appease the voter base by buying them off temporarily… just ’till you get through this election cycle, and then you can cut spending… if you don’t retire first.

      And leave the mess for someone else to clean up. Party Hearty, Washington Dudes! YOU don’t have to pay the bill, or mop up the mess.

      • Hugh_G

        Thanks Rodney

        • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

          @Hugh_G:disqus Were you planning on sharing the drive of your computer on the internet or are you just incompetent?

          • Hugh_G

            oooops ….thanks. I am somewhat computer challenged. I thought I had erased that.

            Thanks again.

    • GarandFan

       What’s the matter Hugh.  The idea scare you?

      • Hugh_G

        Not at all. If you think the current crackheads in the  Republican Congress are doing it for any other reason than politics you’re dumber than a stump. And I don’t believe for a minute that you are.

        If you think anything that the Republican Congress does will reflect negatively on President Obama I reiterate what I said above. I think maybe only lawyers and dentists are held in lower esteem than the Republicans pin Congress. And maybe they aren’t anymore.

        Do I think President Obama is a shoo-in? No, but I am liking his chances more and more.

    • http://pulse.yahoo.com/_W6UJJOM4PP4XLSBG6N4LROVSQE Retired Military

      Funny how Obama runs more of a deficit in one year than Bush ran in 3.

      Funny how Obama runs more of a deficit every year he has been in office more than Bush spent on 7 years of the Iraq war.

      • Hugh_G

        Well your facts are dead ass wrong for one thing.

         For another I didn’t get into a pissing match about who had more or why. All I said was Republicans didn’t give a sh** when Bush was President and you know that to be true. Just man up and admit it.

        • jim_m

           The chart says it all
          http://www.thegatewaypundit.com/2012/02/another-obama-disaster-deficit-this-year-500-billion-more-than-predicted/obama-deficits-2012/
          Or you can compare his estimates vs the CBO:
          http://www.thegatewaypundit.com/2012/02/another-obama-disaster-deficit-this-year-500-billion-more-than-predicted/obama-budget/

          And those are the estimates, not the final actual deficits which have all run higher as seen in the fist link.

        • http://pulse.yahoo.com/_W6UJJOM4PP4XLSBG6N4LROVSQE Retired Military

          Actually Hugh  That is incorrect.  In fact I distinctly remember on this board, the republicans screaming about the republican congress spending like a drunken sailor.

          Also if you look at bush deficits they were around $400-$500b a year max.  Obama’s have all been over $1.2 trillion.  That runs between 2-3 times as much.

          Obama’s deficits have run over $1 trillion a year.  Bush spent less than a tirllion in Iraq in 7 years or so.

          Nohting wrong with my facts.

          Deficitis are not so bad as long as the GDP can keep up with the growth to pay the bills.  We are at the point where that isnt possible anymore.  Obama’s total debt in 4 years =  1//3rd of the total debt we owe.  And it isnt supposed to go down to anywhere where Bush’s deficits were while Obama is in office.

          • herddog505

            Retired MilitaryI distinctly remember on this board, the republicans screaming about the republican congress spending like a drunken sailor.

            Yep.  I also recall personally being flabbergasted about his prescription drug plan.  “Jebus, how are we going to pay for this???”

          • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

            Modern progressives and geese both wake up in a new universe every day…

          • Hugh_G

            Type your comment here.Obama’s and Bush’s effects on the deficit in one graph – The Washington Post

            You may have remembered them screaming (for political purposes) but they gave him what he wanted. 

          • Hugh_G

            You may have remembered them screaming  but I remember them passing everything Bush wanted. That was my original premise, i.e. carry on when it’s the Dems, pass it when it’s the Repubs.

            As for the deficits:

            http://www.washingtonpost.com/blogs/ezra-klein/post/obamas-and-bushs-effect-on-the-deficit-in-one-graph/2011/07/25/gIQAELOrYI_blog.html

  • Par4Course

    Despite pledges to “go through the budget line by line” to eliminate waste and to cut the deficit in half in his first term, Obama and his minions care nothing about debt.  They only care about keeping benefits flowing to their constituencies.  Democrats are always mindful of H.L. Menken’s statement: “The government that robs Peter to pay Paul will always have Paul’s support.”  With 49% of the populace paying no federal income tax, Obama has the nerve to talk about “everyone paying their fair share,” by which he means making the affluent pay even more so that he can “spread the wealth.”  Republicans, who were hardly debt hawks when Bush was in the White House, need to stick by their core principles and fight tooth and nail to keep spending down.  It is much easier to stop new benefits before they start than to end them after the recipients become accustomed to receiving them.

  • http://profiles.yahoo.com/u/EU5DQWQTTHTPO4A4ZYSL3AAV2U Adjoran

    If you set out to destroy America from within, it would be difficult to suggest a better plan than just following Obama’s every move.

  • Hank_M

    Tough call.

    Every time the Repubs  try to tie increasing the debt limit to cuts, they take a beating in the Media Matters driven MSM.

    But if they agree to keep increasing the debt ceiling without linking it to cuts elsewhere, I can see Obama accusing the Repubs of going along with the continued bankrupting of the US so why listen to them. I can hear it now: “Hey, they agreed so this isn’t my fault”.

    At this point though, another hundred billion here or there isn’t going to matter so much as getting Obama out of the WH. So yeah, I think ZH has a good idea.

    • herddog505

      I think you nailed it.  For the GOP, it’s damned if you do, damned if you don’t.

      Not to say that the GOP is exactly the party of strict fiscal responsibility; they are the less drunken of a pair of sailors, if you see what I mean.

  • Wild_Willie

    I don’t worry at all about Obama’s trending. Our conservative PACS and candidates have not aired ad one pointing out Obama’s many, many failures. It is going to be brutal for him. He may cry. Now he has a record to point at. He will try to blame Bush, earthquakes, Tsunami’s, white people, rednecks, etc., but he will just keep looking like the clown he is. I can’t wait until after Super Tuesday when it is all said and done. Go team. ww

  • jim_m

    The one problem with that, which is the same problem that obama had with obamacare, is that the dems aren’t going to go along with it.  There is still enough instinct for self preservation that the dems in the Senate will block obama’s runaway spending to some degree.

    All anyone has to do is look at obama’s template for government: Illinois, which now has the lowest bond rating of any of the 57 states, the largest unfunded pension liability and pretty much is driving every business it can out of the state.  Even long time stalwarts like Caterpillar are expanding outside of the state despite multimillion dollar concessions to try to keep them in.

    The dems won’t all follow Barry into the abyss. 

    • Hugh_G

      I know you think President Obama wants to rule the world and all in it. But the last time I checked he didn’t make the template nor govern Illinois.

      Do you hear voices from your radiator?

  • Pingback: Like That’s Gonna Happen | Daily Pundit

  • http://pulse.yahoo.com/_425GVKQCLFZMQYYENR7CJBRDVA jb

    Gee, will the Republic really survive the pursuit of our terrorist enemies, the winding up of the war in Iraq, the saving of GM, the increased availability of health care,  and the recovery of the economy?

    And will all that be enough bad news to unseat Obama?

    Please, preserve us from peace and prosperity! Why, if this keeps up, Obama might be a worse disaster than Bill Clinton!

    Hopefully we can back to more unnecessary invasions of countries that aren’t threatening us, and more tax cuts and deregulation to tank the economy. One can only hope.

  • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

    Gee, will the Republic survive the great economic stagnation being passed off as a “recovery”?

    Will the Republic survive blatant assaults on the First Amendment?

    Will the Republic survive more debt than it has ever before taken on?

    Time to change course.