Obama held meeting with congressional leaders
July 23rd, 2011
01:04 PM ET

Obama held meeting with congressional leaders

Washington (CNN) - President Obama and Congressional leaders convened Saturday for less than an hour at the White House amid ongoing negotiations to raise the debt ceiling before the August 2 deadline. House Speaker John Boehner, Senate Majority Leader Harry Reid, House Minority Leader Nancy Pelosi and Senate Minority Leader Mitch McConnell met with the president and Vice President Joe Biden in the Cabinet Room of the White House.

Read more here about the status of the talks.

soundoff (75 Responses)
  1. Doris Smith

    Duh, Hello Republicans. Do you know the meaning of the word compromise? Isn't nine years of free taxes enough? If you zillianairs (like you Mr. Murdock) were creating jobs, maybe the revenues from employment would have increased.
    Any fool can see your political game, trying to demean the best President we've had in years. It will take a while to clean up the mess The Bushes created. Obama, please stand your ground.

    July 23, 2011 at 1:03 pm |
    • John

      Really? I keep hearing this compromise word. I think the meaning was forgotten during the last 3 years. To me a compromise is this – cut spending then the debt ceiling can be raised. Just because the dems don't like this compromise doesn't mean it isn't one.

      July 25, 2011 at 9:54 am |
      • jean2009

        Raise taxes.

        July 25, 2011 at 10:07 am |
      • John

        Jean – do you think the governmnet is not wasteful, a little wasteful or billions are spent in waste? You trust that these leaders are telling you the truth?
        It seems simple – the Dems have already agreed to trillions they say can be cut – they need to cut it. Then the debt ceiling can be raised. Why do you think this can't happen?

        July 25, 2011 at 10:14 am |
      • John

        BTW Jean – I haven't forgotten that you are a governmnet employee so I know everything you say is biased. Your job depends on it.

        July 25, 2011 at 10:16 am |
      • jean2009

        BTW John, at 76, I am not a government employee, but you are no doubt an employee of either the Koch Brothers, Rupert Murdoch, or Grover Norquist.

        July 25, 2011 at 10:49 am |
      • John

        Jean, either you lied in the past when you told us you were a government employee – or you are lieing now. I know who own what – you were the one saying Media matters wasn't bias – it is. Let me assure you, I do not work for the people you mentioned. I am a middle class American and WE ARE FED UP with this government wasteing OUR MONEY. It is not the governments money – we work hard for OUR MONEY.

        July 25, 2011 at 11:33 am |
      • John

        Jean, I asked you direct questions and you did not answer – a sure sign you know your argument is all wet.

        July 25, 2011 at 11:35 am |
      • jean2009

        You can check my posts I have never claimed to be, nor have I ever been a government employee. I worked as a bookkeeper before and even after retirement, but not for the government.

        The Bush years were definitely a disaster, but not for the reason you state. When it comes right down to it, we will see in the long run whose policy comes out on top. Both raise taxes and cut spending; or as you claim just cut spending. I'm betting on both...any way you slice it or dice it taxes will go up.

        Just as jobs were both created and saved by the stimulus...which is a fact...not fiction as you claim.

        USA Today: 8/30/2010 headline – Economists agree: Stimulus created nearly 3 million jobs.
        The White House says the multiyear $814 billion stimulus program passed by Congress in 2009 boosted employment by 2.5 million to 3.6 million jobs and raised the nation's annual economic output by almost $400 billion. A recent study by two prominent economists generally agrees, crediting the pump-priming with averting "what could have been called Great Depression 2.0."

        Oh yes I know, you will claim they are biased too because they disagree with you...unless they agree with you they are biased...give it me a break.

        Well you know what...many more people than me, know your assumptions are wrong.

        July 25, 2011 at 12:52 pm |
      • jean2009

        And I didn't hear you deny working for one of those three people....so?

        July 25, 2011 at 12:54 pm |
    • John

      Go back and read my post – you obviously missed something (again). How can you prove a "job saved"? Not to mention they calimed they saved millions. 2.83 million jobs lost during this administration. Only 18,000 jobs created last month. I would say this administration is a disaster in relation to the economy. Unless we have another Jean 2009, I remember clearly your post about working for the governmnet – as I said, you either lied then or now. As a matter of fact, I remember calling you on it several times and you never denied it (until now). BTW, you called almost 70% of the American people fools for voting the bums out. Maybe you should look in a mirror. The next election we will throw more of the bums out. We are sick of the waste this governmnet has to offer – and, if Boenner agrees to more taxes he knows he, and every repub that votes that way, is done also. We sent a clear message even if people like you want to ignore it (or call us fools). People like us understand if we disagree with people like you we will be called names because you have nothing else to offer.

      July 25, 2011 at 1:15 pm |
      • jean2009

        Gee...I know what I've posted and never that I worked for the government...go find it...since I know you won't. And so far you haven't stated for who you are working.

        If Boehner goes don't expect him to be replaced with a Republican.

        Oh and this from Alan Simpson:
        Correspondent Jake Tapper: “Former Republican Senator Alan Simpson, who co-chaired the deficit commission, said the American people are rightly disgusted, and he’s personally bothered by Republicans undermining any chance of Speaker Boehner compromising.”
        Former Senator Alan Simpson: “If that — the stuff that’s going on in my party, where the pettiness overcomes the patriotism, it’s disgusting to me.”
        — ABC’s World News, July 12., 2011

        And this:
        “Obviously, the Republicans made that a line in the sand: ‘No new taxes.’ And yet, poll after poll recently have basically said the American people are not with you on that issue. The majority actually says that there should be a balanced approach. Whether it’s the Quinnipiac, even including, not even a majority of Republicans say there should be no new taxes. So, do you think that you’re out of step with the American people on this?”
        — ABC’s Christiane Amanpour to Arizona’s Republican Senator Jon Kyl on This Week, July 17.2011

        I would say they are out of step.

        July 25, 2011 at 1:36 pm |
      • John

        Kent Conrad (D-ND) chairman of the Senate Budget Committee, Joe Manchin (D-W.Va.), Sen Mark Prior (D-Ark.) told constituents they would not vote to lift the debt limit without a "real and meaningful commitment to debt reduction". Sen. Amy Klobuchar (D-Minn) is "hopeful that a debt ceiling bilcan be attached to a measure to cut the federal deficit. Sen. Mark Udall (Colo) "if we don't take action to reduce our deficit spending, congress will be facing this same debt celing in the near term".
        One other thing – as you are asking me to do – go back about 3 months and find ANY POST I have posted, not any specific one, ANY ONE...

        July 25, 2011 at 3:12 pm |
  2. Jim

    I wonder who's turn it is to walk out on the American people this time?

    July 23, 2011 at 1:19 pm |
    • kefa34

      Wanted Repulicans and Democrats
      who are willing to bring american JOBS back home
      restore the american dream for all americans the haves and the have not ,,
      score,,, the haves everything
      the poor the jobless the havenots nothing,, and if that not enough
      they will be looseing more because like the song goes greed is GOOD.

      July 25, 2011 at 4:15 pm |
  3. James

    The only way I see the government working for the people is if the people got together and voted everyone in the congress and the senate out of office, in the next election regardless what their party is. The new ones would then work for and listen to the people

    July 23, 2011 at 2:28 pm |
    • jean2009

      No... they would be hired by Citizens United.

      July 25, 2011 at 10:08 am |
    • John

      James, we began that in the last election – the biggest turnover in history. We got what we wanted and our people are standing firm, now we need more of them who are willing to stand up and stop the waste and kill the entitlements for the people who are not truly needy. Everyone has to agree governmnet is too big and too costly.

      July 25, 2011 at 11:38 am |
      • jean2009

        I don't think that will happen again...since only some people are fools.

        July 25, 2011 at 12:57 pm |
  4. Tina

    I wish these guys could grow up! We are a country who has been at war and whether you agree with that or not, we have to pay for it somehow. When Bush took over we had a surplus, so I laugh at any republican who says that democrats cant balance the budget. The way I see it they(democrats) are willing to give much to see the integrity of our nation upheld. All of these Tea Party/Bachman/Palin puppets who say they are the Reagan promoting republicans need to do a little history lesson on their favorite president. I am not sure Bachman and Palin can read though, because they have both been known to get their facts extremely wrong. I am not sure about the direction of this country, but if we don't learn how to work
    together and do a little giving and taking we are in for much worse than we have already experienced. Do me a favor put your party loyalties aside people and use your brain...it is what you were elected to do and your constituents will not hate you for helping our country move forward with our reputation in tact. It is like I tell any 3 year old, you cant have your way all of the time. You need to share!!!!!! The republican party of today is nothing like it should be and the Tea Party is not the answer. As a voter who never votes a party ticket, I grow increasingly frustrated with the republican party. They did not win seats because of their arrogance, rather because most people can identify that we need a balance in Washington. Ugh!!!!

    July 23, 2011 at 3:14 pm |
    • John

      So growing up to you means keep wasteing money? The repubs have passed two plans now, but the real party of NO didn't even bother to vote on the 2nd one. The vote to table it was close enough to make you think Cut, Cap and Balance had a shot to pass the Senate (with a little more "Pelosi type arm twisting").

      July 25, 2011 at 9:57 am |
      • jean2009

        No, "growing up" means paying the bills Bush incurred, and it means raising the revenue to pay those bills, not just keep kicking the debt down the road, which results in taking from the people least able to pay. That is exactly what the Rethugliklans did during the 8 Bush years. Starting with a surplus they racked up and doubled the deficit. Basically they have taken from the middle class and poor, to fund past wasteful spending.

        July 25, 2011 at 10:16 am |
      • John

        So you think no money has been spent over the past 3 years? When do you think Obama will take responsibility for the job he holds? Can you think of another person who, 3 years into their job, is not responsible for every aspect of their job? What is going on in this country is related to his policies. It is amazing to me that every good thing is his doing and every bad thing is the responsibility of a person who hasn't been around for 3 years. How about that Nobel Prize – did Obama earn it for the things Bush did? After all, he got it 3 months into his term.

        July 25, 2011 at 10:51 am |
  5. renee

    They always talk about the middle class or the upper class people. What about the poor people who acctually live off of social securty. They can't buy gold or oil. So what Are they supposeto do with out their social security and medicare.

    July 23, 2011 at 7:45 pm |
  6. maikl

    God help us all. Who run the country. Look at them.

    July 23, 2011 at 11:13 pm |
    • John

      GOP will not budge on increased Tax revenues. They are a one trick pony who only want spending cuts. No deal GOP.
      American people want both. Go stuff it where the sun doesn't shine ......

      July 24, 2011 at 4:10 pm |
      • John

        No, we want cuts first. Then we can talk about raising your taxes. You really want your taxes raised? Do you work for a living?

        July 25, 2011 at 9:59 am |
      • jean2009

        Gee John I think you are having a melt down.

        We all know Bush has been out of office for 2 1/2 years, but like garlic, the curse of his costly mistakes linger on.

        Anyone with a brain knows we need both tax increases, and spending cuts. Both should be in the package passed....not just spending cuts with no tax increases; as you propose. but Both!


        July 25, 2011 at 10:57 am |
      • John

        Actually, 2 years and 7 months. So we need to cut spending to raise taxes to spend more? Only a true progressive thinks this way. Tell me this – if the Dems already have agreed on 2 trillion in cuts, doesn't that mean we are spending 2 trillion too much? Should we just cut that money? If not, why not?

        July 25, 2011 at 11:47 am |
      • jean2009

        For starters we could start with "the pray the gay away" tax subsidies.

        July 25, 2011 at 1:06 pm |
      • jean2009

        We are taxing $2 Trillion less than needed.

        Here is a thought:

        "Here's the weirdest thing about the small business worship in this thread. Small businesses don't really contribute to society. You guys run landscaping companies and sell used cars, you aren't curing cancer or inventing new technologies. A bunch of (very liberal) eggheads are doing those things, and they aren't whining about taxes."

        And those guys are the ones who hire at minimum wage no benefits...not even a living wage...which doesn't help either.

        Most are just the guys in the lower middle that the Bush tax cuts socked it to.

        July 25, 2011 at 1:19 pm |
      • John

        That is BS Jean – first you need to find a liberal who is running a small business – the ask them if they are taxed enough.
        Lets throw it out there to all liberals and progressives reading this site – do you agree with Jean that this country is taxed 2 trillion dollars less than it should be? Jean, even you can't think that is true. The lies told by BO when he talks about – "the American people agree we need more taxes" is sick – unless you are asking people who pay no taxes. 2012 can't come soon enough.

        July 25, 2011 at 3:18 pm |
      • jean2009

        @John...we have a national debt deficit of $14.5 Trillion a $2 Trillion tax revenue increase is only going to be a drop in the ocean. Where for the love of Mike did you learn math?

        July 25, 2011 at 6:08 pm |
      • jean2009

        Actually, for the sake of accuracy.....2 years, 6 months, and 5 days. January 20, 2009 to July 25, 2011

        July 26, 2011 at 4:51 pm |
  7. raul

    sunday 24 july 2011

    “have no fear with regards with the ceiling,
    be not afraid of the ceiling, rather, have fear
    of the walls, yes, be very afraid of the walls,
    everyone should fear of the walls,
    if the walls is not align or too weak, this is
    very disastrous, lethal, i’m afraid it will

    i have written this many times before, that
    “time” is part of the solutions to the debt crisis
    of america. everyone should study how the
    u.s. government got into all this mess. if only
    the u.s. government had the idea on how he
    got to this mess, anyone could find possible
    solutions to this debt crisis.

    meantime, if the u.s. government will not make
    it quick, sorry to say they will never be able to
    control and minimize the ailing dollar to a
    catastrophe. "yes sir, time is truly very
    essential", come to think of the “interests”,
    yes, interests, interests and interests.
    interests is like a ticking time bomb, it will certainly
    explode. interests is eating everyone, slowly
    and of course surely. it multiplies and compounds
    every second of the hour, every minute of the day,
    and all the days of the year. this must be stopped
    immediately, now, at once, it will surely kill.
    trust me this is truly fatal, it will kill.
    "chaos, upheaval”, yes no one will be able
    to escape from this, "chaos, upheaval". imagine,
    any benefits, claims, entitlements, allotments,
    from the public and private sectors will vanished,
    “simply dissolved.” everyone should understand
    this, everyone should learn, how this things
    happened. time is very alarming. and immediately,
    quickly, at once, look for the right, clear, bright,
    definite, sound, solutions to this debt crisis.
    find the most logical way to avert the crisis.

    "trust me to have job creation, there must be a
    sound economy"

    we have to understand that this is already history,
    and everyone is already a part of it.

    sir please take care, God bless . . . . . . . raul


    July 24, 2011 at 12:49 am |
  8. Howard

    Continually spending more than you have is simply bad judgment.
    Since Obama took office, only 2 1/2 years ago, our National debt. has risen
    from 9 trillion to 14 trillion. This unprecedented enormous debt. is due to
    irresponsible, out of control spending. Efforts to cut spending, and refuse
    an increase on the debt ceiling, is reasonable, and necessary to reverse
    our economic catastrophe. Obama has spent more money in the past 2 1/2
    years, than all of the presidents who came before him, combined.
    Save America ... Dump Obama now !!!

    July 24, 2011 at 1:24 pm |
    • jean2009

      @Howard playing games with figures again I see! Your figures are never honest...just more teaparty idiocy.

      According to the Washington Post dated: February 5, 2008.

      "President Bush yesterday unveiled a $3.1 trillion budget plan for fiscal 2009 that will leave deficits of more than $400 billion this year and next, forcing his successor to grapple with a range of unpalatable choices to close the gap, according to lawmakers and budget experts."

      The new budget deficit projections "clearly make a problem not only for the next Congress but also the next couple of Congresses, and the next president, too," said G. William Hoagland, a longtime GOP Senate aide and budget expert who is now a health-care lobbyist.

      "A whole bunch of things they were putting off and hiding under the rug all these years are starting to pop back up," said Austan Goolsbee, an economist at the University of Chicago and chief economic adviser to Sen. Barack Obama (D-Ill.). "It's clear they're trying to shove as much of this as possible on to the next guy."

      Which is the Republican way... run up the debt on the credit card...not pay for anything and kick the can down the road and give all your wealthy friends a tax cut.

      Just the interest on Bush fiscal irresponsibility is about $450Billion dollars a year(at the current interest rate)...a Tsunami of debt was passed on to the Obama administration.

      Bush inherited a surplus he squandered.
      It is not only time for the Bush era tax cuts to end...they should never have been put in place in the first place.

      That is why I wouldn't trust Republicans to create a financial plan for a lemonade stand.

      Below From Media Matters:

      Harvard Business Review Group Director: "[T]he Giant Deficit Is Mainly The Result Of The Collapse In Tax Receipts Brought On By The Recession." In an October 2010 post on his Reuters blog, Justin Fox, editorial director of the Harvard Business Review Group, analyzed the deficit and concluded that it was "mainly the result of the collapse in tax receipts brought on by the recession":

      Where would it have left us in fiscal 2010? With $2.843 trillion in federal revenue and $3.270 trillion in spending, leaving a deficit of $427 billion. The actual revenue and spending totals for 2010 were $2.162 trillion and $3.456 trillion. So spending was $186 billion higher than if we'd stuck to the trend, and revenue was $681 billion lower. In other words, the giant deficit is mainly the result of the collapse in tax receipts brought on by the recession, not the increase in spending.

      So frankly, we have a revenue problem not a spending problem.

      July 24, 2011 at 2:27 pm |
      • John

        Your comments amaze me every time. Media Matters is not bias – right? So what is the bottom line? Over the past 10 years the size of governmnet doubled and the cost of governmnet almost doubled. This is bad for both Bush and Obama. It becomes a revenue problem after it has become a spending problem. The only way to cut the waste is to give them less money to waste. You are surely not saying our governmnet is not wasteful – are you?

        July 25, 2011 at 8:41 am |
      • jean2009

        Not any ways near as biased as Fox.

        July 25, 2011 at 8:52 am |
      • jean2009

        Cherry picking again right. So what about The Washington Post? You know just because they nail it will the truth doesn't mean they are biased.

        July 25, 2011 at 8:58 am |
      • John

        The Post is liberal also – you are so far left – you think the middle is left – it is not. You know Soros owns Media matters – right?
        So who on Fox do you think is bias and why?

        July 25, 2011 at 10:01 am |
      • jean2009

        John...and Murdoch owns Faux...so their you go!

        July 25, 2011 at 10:59 am |
    • John

      Not true. The debt went out of control with the GOP under Bush. Bush did not veto a single spending bill. Bush tax cuts increased the debt by 20 Trillion dollars

      July 24, 2011 at 4:12 pm |
      • jean2009

        Do we have 2 Johns posting on this site? We have one John saying Bush tax cuts increased the debt $20 Trillion, and in the other breath a John saying increasing tax revenues by $2 Trillion to pay off some of the debt is too much. We have one John who thinks Bush did no wrong, and the only John who says Bush never saw a spending bill he didn't like.

        Or, is it that ingrained GOP urge to never pay a bill...just kick it down the road, at play.

        I've concluded we either have 2 Johns, or one John who is schizo. .

        July 25, 2011 at 6:26 pm |
    • surely 496

      watch the documentary "Meltdown" and get the facts on the U.S. debt. It is a long story.

      July 25, 2011 at 1:58 am |
    • Howard

      People have to understand and admit the reason for the problems we are in right now is the 2 useless and unwarranted wars that BUSH got us into. Got us into solely for financial gain for the select few.

      July 25, 2011 at 5:53 am |
      • John

        You understand Bush has been out of office for 3 years now – right?

        July 25, 2011 at 10:02 am |
      • jean2009

        This is the John who won't admit Bush's 2 unfunded wars are at the root of our problem. Middle America did not profit from those 2 unfunded wars only the wealthy tax subsidized war profiteers. He splits hair when you say Bush has been out of office 2 1/2 years and left us with a doubled deficit....he states to you that no it is 3 years, or to me that it was 2 years and 7 months.

        July 25, 2011 at 6:42 pm |
  9. jean2009

    $1.2 Trillion Deficit Projected Before Obama Took Office

    Before Obama Took Office, CBO Projected $1.2 Trillion Deficit In January 2009 Based On Spending Bush Authorized. From a report prepared by the Congressional Budget Office:

    The Budget Outlook

    The ongoing turmoil in the housing and financial markets has taken a major toll on the federal budget. CBO currently projects that the deficit this year will total $1.2 trillion, or 8.3 percent of GDP. That total, however, does not include the effects of any future legislation. Enactment of an economic stimulus package, for example, would add to the 2009 deficit. In any event, as a percentage of GDP, the deficit will most likely shatter the previous post-World War II record high of 6.0 percent posted in 1983 (see Figure 11).

    A drop in tax revenues and increased federal spending (much of it related to the government's actions to address the crisis in the housing and financial markets) both contribute to the robust growth in this year's deficit. Compared with receipts last year, collections from corporate income taxes are anticipated to decline by 27 percent and individual income taxes by 8 percent; in normal economic conditions, they would both grow by several percentage points. In addition, the estimated deficit includes outlays of more than $180 billion to reflect the cost of transactions of the TARP. [Congressional Budget Office, The Budget and Economic Outlook: Fiscal Years 2009 to 2019, 1/09, footnotes remove

    July 24, 2011 at 2:42 pm |
    • Jay in NC

      Jean thinks that money spent by President Bush is bad, money spent by Barry is good. her simplistic view of the world is refreshing.

      July 24, 2011 at 7:37 pm |
      • jean2009

        The current bill which is due is not Obama's bill...it is the money Bush had already spent. So Rethugliklans are going to welsh on the money they spend for unfunded wars,TARP, the senior drug plan (which didn't cut the cost for drugs for one senior). Instead Bush put it on the American credit card, while he was in office and kicked it to the next, Iinstead of making the people who profited from his folly pay their fair share, at the right tax rate. (Clinton era rates)

        The Rethugliklans are going to stick grandma, veterans, the unemployed, and the needy with carrying that load. You know miser this is going to come back and bite you guys in the backside big time...there are more of us.

        July 25, 2011 at 8:44 am |
    • Bill in STL

      Not only that she also forgets that President Obama has expanded the debt in 2 years to Bush levels ... and when this is all done it will be expanded by 6 trillion in a single 4 year term....

      July 24, 2011 at 10:52 pm |
      • jean2009

        Yes, and that debt was Bush era debt passed forward...or can you not read?

        July 25, 2011 at 8:45 am |
      • jean2009

        So far the debt we are talking about, and on which the interest is currently due is Bush debt.

        July 25, 2011 at 10:01 am |
  10. Doug B.

    Why can't we the people petition to have Boehner removed from office like other countries have protested to remove dictators?

    July 24, 2011 at 3:20 pm |
    • Jay in NC

      That is the most asinine comment I have read here. House Speaker John Boehner was elected by the people in his district. You are saying that those people do not have a voice in our government. If you do not like the guy, move to his state and vote for someone else.

      July 24, 2011 at 7:34 pm |
      • jean2009

        Not for long, the working people in Ohio and the seniors may not return him and his ilk...ask an Ohio school teacher, nurse, fireman, paramedic, senior, veteran, unemployed.

        July 25, 2011 at 8:50 am |
      • jean2009

        I am from his state.

        July 25, 2011 at 10:03 am |
      • jean2009

        And Jay...the majority of people voted for President Obama...unlike our last Supreme Court selection.

        July 25, 2011 at 10:05 am |
    • Bill in STL

      Jay, that iss exactly what he is saying... Today's liberals will do what ever it takes to eliminate the conservative viewpoint. As I discussed with liz in another thread ... she said .... Whatever it takes to silence you toads. Here you have DOUG B., who obviously does not understand the structure of the government making insane comments on what to do.... the problem is getting to be that there are more like him every day,

      July 24, 2011 at 10:56 pm |
      • jean2009

        Yes Bill and we see you are wrong...there are more of us...and YES we vote.

        July 25, 2011 at 8:55 am |
    • John

      Doug B – get use to it – the American have spoken and will continue to speak – we are sick of big, wasteful governmnet. Do you think no money is wasted in this massave governmnet? How do you expect to cut the waste – by handing them more unchecked money?

      July 25, 2011 at 8:45 am |
      • jean2009

        Read comment made to Jay.

        July 25, 2011 at 8:51 am |
    • jean2009

      I'm from Ohio I will sign the petition.

      July 25, 2011 at 8:46 am |
  11. Ray E. Georgia

    Well Shucks,
    The team is losing the game so we just kill the Coach, right? The now nearly 15 Trillion dollad debt has been growing for about 75 years now. People stuck their heads in the sand and hoped it would go away. So reralisticly speaking the people Voted fot it ! Just like the Unions bulliied companies to pay exhorbant wages. Also peoplw went up to Congress and screamed they couldn't qualify for a house loan. Guess what? Our esteemed Liberals in the congress bullied the banks to make housing loans they knew were never giong to be paid. So the housing bubble burst. The people threw out the Liberals/Democrats that foisted this plan on the Tax Paying public. And the result was higher and higher unemployment. Offically 9.2 percend and more like 17 percent. How am I doing so far? Now our esteemed leader also wants so-called rich people to bail out all these losers. The Tax payers are on the hook now for huge losses in the housing industry and also the Bailout of the Auto Industry. You want a bailout? Get a bucket and start bailing. My bucket is full.

    July 24, 2011 at 4:35 pm |
    • jean2009

      Reagan tripled the national debt in 8 years and Bush doubled it in 2 terms...plus he pushed his debt down the road for the next two congresses to deal with. A prime example of Rethugliklan financial irresponsibility at work.

      July 25, 2011 at 8:48 am |
    • jean2009

      The Gramm, Leach, Bliley Act of 1999 is where the financial problem started, and none of those three were Democrats. Senator Phil Gramm, (R). Texas; Senator Jim Leach, (R). Iowa; Senator Thomas Bliley (R).Virginia.
      That is the act that repealed parts of the Glass-Steagall Act.of 1933 which was put in place at the end of the depression to keep a meltdown from happening again.

      "Who's to blame for the market meltdown? Froma Harrop says Phil Gramm:

      McCain's former economic adviser is ex-Texas Sen. Phil Gramm (R). On Dec. 15, 2000, hours before Congress was to leave for Christmas recess, Gramm had a 262-page amendment slipped into the appropriations bill. It forbade federal agencies to regulate the financial derivatives that greased the skids for passing along risky mortgage-backed securities to investors.

      And that, my friends, is why everything's falling apart. That is why the taxpayers are now on the hook for the follies of Fannie Mae, Freddie Mac, Bear Stearns and now the insurance giant AIG to the tune of $85 billion"

      So obviously you need a refresher on recent history and where the problem started. That and Bush's 2 unfunded wars, and the unfunded drug benefit, combined with tax cuts for the wealthiest few. That is why we have the mess we face.

      July 25, 2011 at 7:03 pm |
  12. molleja

    Somebody needs to primary Obama. This guy is an abject failure as president.

    July 24, 2011 at 5:59 pm |
  13. LindaAnnUlrichWilberding

    I guess our President doesn't care if those of us depending on SSI -have a place to live, food to eat, or electricity-

    July 24, 2011 at 7:33 pm |
    • jean2009

      The President cares, but the Republicans and their lobbyist don't.

      July 25, 2011 at 7:05 pm |
  14. linda edmondson

    We are here to have a courteous discusssion,not to berate each other on our communication skills.

    The Bush Years were a disaster, I prayed for stem cell research for 8 yrs., he kept going to congress asking for more money for wars and signing away every regulation the Repubs. could up with. I knew then things werent going right.
    The lieing, the under handed way Cheney and his friends were doing things.
    At the end of Bush, things were coming down,NO BODY KNEW HOW BAD, till they started looking at the books.
    Creative bookeeping, two wars, housing shambles, banks in a cyclone of failures, auto industry in free fall, in debt to our eyeballs. Would you like the handle this on your first day at work, then we'll throw in the dumb freshman Congress called teabaggers,an Repub. majority to boot. Good Luck Guy!

    July 25, 2011 at 12:56 am |
    • John

      The Bush years were a disaster as evidenced by the fact that it gave us BO. The lieing goes on today – do you think any of the numbers are accurate today? Heck, this administration removes food and energy from their calculation of inflation – that all you need to know about how honest these people are – not to mention the old line of "jobs created or SAVED by the stimulas".

      July 25, 2011 at 11:42 am |
    • jean2009

      Yes, and maybe that stem cell research would have helped with my husband's MS. But, then you know the religious right wing vote has to be catered too.

      July 25, 2011 at 1:04 pm |
  15. Tom1970

    The rich do not care at all about this country because they don't consider themselves a part of this country. The only thing they care about is making more money, keeping what they have even though if they never made another dollar could not spend what they have in 2 lifetimes and keeping us ( the american people) at each others throats while stealing our health, our means of survival, and any self-respect we have left. We should consider this a crime against humanity, but only the rich get to make laws so that will never happen. I'm to the point where I almost want them to get their way, maybe then anarchy will ensue and we then can settle all these complaints face to face in the matter in which we settled the last great in-house or ( in-country) debate, CIVIL WAR, only this time poor and middle-class against the rich. This will be the new " American Dream". Hey I don't want a plush life, But I would like a chance to live without some rich jerk saying that I have to much and he needs more of it when I'm already struggling to survive....

    July 25, 2011 at 3:27 pm |
    • jean2009

      Tom, you got it.

      July 25, 2011 at 7:06 pm |