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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (618998)7/12/2011 12:23:46 PM
From: longnshort3 Recommendations  Read Replies (1) | Respond to of 1578480
 
McConnell Says 'Real Deal' Not Possible With Obama

By COREY BOLES

WASHINGTON—A "real solution" to U.S. fiscal problems isn't possible as long as President Barack Obama remains in office, Senate Minority Leader Mitch McConnell said Tuesday, heightening the rhetoric surrounding the debt-ceiling debate.

Mr. McConnell, the Senate's top Republican, said he had gone into negotiations in good faith over how to formulate a deficit-reduction package to accompany an increase in the statutory borrowing limit.

The Treasury has said the limit must be raised by Aug. 2 to avoid the potential of a U.S. default on its debts, while Mr. Obama has said he wants a deal by July 22.

After the latest negotiations, led by Mr. Obama, Mr. McConnell said he concluded that the administration had "expressed a fundamental unwillingness" to agree to significant spending cuts.

"But after years of discussions and months of negotiations, I have little question that as long as this president is in the Oval Office, a real solution is unattainable," Mr. McConnell said in a Senate floor speech.
More

* President's Focus: $4 Trillion
* Talks Reveal Tension Between GOP Leaders
* Capital Journal: Why Obama Wants a Big Deal
* 300 Business Leaders Push for Debt Compromise
* Romney Silent Over Debt Talks
* Opinion: Conrad Wants $2 Trillion

Mr. McConnell gave the speech hours before congressional leaders are set to return to the White House for a third negotiating session in as many days in an attempt to overcome the impasse over how to raise the debt ceiling. A senior aide to the Kentucky lawmaker said he still intended to participate in the White House meeting.

Mr. Obama pressed congressional leaders Monday to forge a $4 trillion, 10-year deal during a contentious negotiating session at the White House. Yet the odds appeared to diminish that Democrats and Republicans can bridge their differences over taxes and social programs to reach such a sweeping plan ahead of the debt-limit deadline.

Meanwhile, major business trade groups urged Mr. Obama and Congress to boost the debt ceiling and reach agreement on a long-term deficit-reduction plan.

"Now is the time for our political leaders to put aside partisan differences and act in the nation's best interests," according to the letter, signed by the U.S. Chamber of Commerce, Business Roundtable, the Financial Services Forum, the National Association of Manufacturers and others. "We believe that our nation's economic future is reliant upon their actions and urge them to reach an agreement. It is time to pull together rather than pull apart."
—Jeffrey Sparshott contributed to this article.



To: tejek who wrote (618998)7/12/2011 12:27:51 PM
From: longnshort1 Recommendation  Respond to of 1578480
 
this coming from a guy who has fired 40,000 workers in the last 2 years and didn't pay any taxes on company profits.

Just an Obama puppet

Immelt: Businesses must do more on jobs



By Chris Isidore @CNNMoney July 11, 2011: 6:13 PM ET
GE CEO Jeffrey Immelt

GE CEO Jeffrey Immelt

NEW YORK (CNNMoney) -- The head of General Electric told a jobs summit at the U.S. Chamber of Commerce Monday that businesses needed to take the lead on job creation.

money.cnn.com



To: tejek who wrote (618998)7/12/2011 12:30:48 PM
From: longnshort3 Recommendations  Read Replies (1) | Respond to of 1578480
 
It's obvious Obama doesn't have a clue about creating jobs.

He told Businesses that he won't raise taxes this year, but maybe in 2012 or 2013

Businesses like a plan, what are the rates ? what year ? Who's gonna hire when they don't know what the future will be.

Obam is truly a moron



To: tejek who wrote (618998)7/12/2011 12:42:37 PM
From: Alighieri  Read Replies (4) | Respond to of 1578480
 
So many of them are. Bachmann says she talks to God every day and God tells her what to do. I will never understand why God only talks to the Rs. Why does he discriminate?


I hear this braindead crap here too often...in Tuscaloosa many of the folks who lost their homes to the recent tornado outbreak will cry on TV thanking God for sparing them...why did he spare them and allow 200+ others to die, including children too young to sin? They are mindless idiots...

Al