SrK, that's the spin from the Democrats, who love to blame every single one of their fiscal failures on the Tea Party.
My understanding is that Boehner and Obama was this close to a deal, which was tough for both of them because of the concessions they had to make. Then Obama for some reason decided to ask Boehner for more concessions, and Boehner was beside himself, so he basically called it all off.
Later on, 11th hour negotiations were going on with Obama basically "voted off the island."
Like I said before, Obama counted on his ability to woo a crowd, thinking that is what he could bring to the negotiating table. He overplayed his hand and basically pissed off the Republicans. To him, the debt ceiling was his chance to push for higher taxes, which he always wanted in the first place, but there was no way that would ever happen after the 2010 mid-term election debacle under his watch.
By the way, August 2011 was supposed to be "Recovery Summer." Remember that? Kind of contradictory to call for continued trillion dollar deficit spending if the economic recovery really was fundamentally sound.
Tenchusatsu |
