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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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To: The Reaper who wrote (28995)7/13/2011 8:50:57 PM
From: Broken_Clock  Read Replies (1) of 119362
 
Those that still think this guy can lead need their brains re-tuned....

so much for "no drama Obama" rotflol!!!
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Eric Cantor (left) said Obama became 'agitated' during Wednesday's debt talks. | AP Photos Close
By JONATHAN ALLEN & JAKE SHERMAN | 7/13/11 7:18 PM EDT Updated: 7/13/11 8:42 PM EDT

President Barack Obama abruptly walked out of a stormy debt-limit meeting with congressional leaders Wednesday, throwing into serious doubt the already shaky negotiations, according to GOP sources

“He shoved back and said ‘I’ll see you tomorrow’ and walked out,” House Majority Leader Eric Cantor (R-Va.) told reporters in the Capitol after the meeting.

On a day when the Moody’s rating agency warned that American debt could be downgraded, the White House talks blew up amid a new round of sniping between Obama and Cantor, who are fast becoming bitter enemies.

When Cantor said the two sides were too far apart to get a deal that could pass the House by the Treasury Department’s Aug. 2 deadline — and that he would consider moving a short-term debt-limit increase alongside smaller spending cuts — Obama began to lecture him.

“Eric, don’t call my bluff,” the president said, warning Cantor that he would take his case “to the American people.” He told Cantor that no other president — not Ronald Reagan, the president said — would put up with the treatment he was getting from the House majority leader.

Democratic sources dispute Cantor’s version of Obama’s walk out, but all sides agree that the two had a blow up. The sources described Obama as “impassioned” but said he didn’t exactly storm out of the room.

“Cantor’s account of tonight’s meeting is completely overblown. For someone who knows how to walk out of a meeting, you’d think he know it when he saw it,” a Democratic aide said. “Cantor rudely interrupted the president three times to advocate for short-term debt ceiling increases while the president was wrapping the meeting. This is just more juvenile behavior from him and Boehner needs to rein him in, and let the grown-ups get to work. “

On exiting the room, Obama reportedly said that “this confirms the totality of what the American people already believe” about Washington, said a Democratic official familiar with debt negotiations, that officials are “too focused on positioning and political posturing” to make difficult choices.

The latest and sharpest in a series of harsh exchanges between the two leaders heightened concern that markets could crash at any time amid fear of a reduction in the rating on once-ironclad U.S. debt.

Read more: politico.com
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