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The Obama-Republican Party Deficit Deal: Hope and Cave?

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From all accounts forthcoming from Washington, D.C.  late this afternoon, the media is reporting, with very little differentiation that a political resolution to the Republicans’ manufactured deficit ceiling crisis has been successfully negotiated between President Barack Obama and Senator Mitch O’Connell, the Senate Minority Leader, and with Majority Leader Harry Reid’s apparent consent. According to politicos in the know, this deal, if supported, will resolve the nation’s unprecedented budgetary crisis through 2013, after the elections, and should put the country on a fiscal footing that could avoid a downgrade in the U.S. credit rating.

But Nancy Pelosi, the Democratic Leader in the House is not rushing to embrace the plan sight unseen. As reported by Talking Points Memo this evening: “We all may not be able to support it,” she said. “And maybe none of us will be able to support it.”

Not all Americans are checked out and a very harsh verdict by Obama supporters, principally Democrats, is ricocheting around the Internet on Twitter: “#hopeandcave” has emerged from Obama’s base that is sizzling hot in its indictment of Obama’s apparent propensity to go more than half-way to meet Republican recalcitrant demands.

Adding more heat to an Internet that is burning up is the Califorina Democratic Party’s Progressive Caucus is calling for a primary challenge to Obama, which is sesmic–an earthquake sound shouted from the West Coast, reported by our colleagues at LGBT POV.

This is nothing to sneeze at.  A front page story on the New York Times today titled “Rightward Tilt Leaves Obama With Party Rift” reports:

Entering a campaign that is shaping up as an epic clash over the parties’ divergent views on the size and role of the federal government, Republicans have changed the terms of the national debate. Mr. Obama, seeking to appeal to the broad swath of independent voters, has adopted the Republicans’ language and in some cases their policies, while signaling a willingness to break with liberals on some issues.

That has some progressive members of Congress and liberal groups arguing that by not fighting for more stimulus spending, Mr. Obama could be left with an economy still producing so few jobs by Election Day that his re-election could be threatened. Besides turning off independents, Mr. Obama risks alienating Democratic voters already disappointed by his escalation of the war in Afghanistan and his failure to close the Guantánamo Bay prison, end the Bush-era tax cuts and enact a government-run health insurance system.

 The New York Times’ conclusions are backed up by Salon.com’s Glen Greenwald in “Democratic Politics in a Nutshell,” who quotes Congressman John Conyers (D-MI), a member of the “Out of Poverty” caucus, who said this past week:

“We’ve got to educate the American people at the same time we educate the President of the United States.  The Republicans, Speaker Boehner or Majority Leader Cantor did not call for Social Security cuts in the budget deal. The President of the United States called for that,” Conyers, who has served in the House since 1965, said. “My response to him is to mass thousands of people in front of the White House to protest this,” Conyers said strongly.

The Senate voted this afternoon to stop debate and move to final passage. Democratic Majority Leader Harry Reid’s compromise intended to resolve the deficit ceiling budget crisis, but it failed to reach the magical 60 votes necessary. Reid has announced he will call a vote this evening after McConnell and the Republicans extracted more Democratic flesh in further cuts to entitlements, including Social Security and Medicare.

Greg Sargent from the Washington Post is reporting that the Republicans have gotten about 98 percent of what they have so obdurately pursued in lock-step–bottom line, no new taxes seems to have carried the day and about $2.4 trillion in undetermined cuts. Sargent explains:

By all accounts, it looks like a deal is about to be announced in which the debt ceiling is hiked in exchange for the promise of major spending cuts, including to entitlements, totalling at least $2.4 trillion.

Anything can happen, but it appears the GOP is on the verge of pulling off a political victory that may be unprecedented in American history. Republicans may succeed in using the threat of a potential outcome that they themselves acknowledged would lead to national catastrophe as leverage to extract enormous concessions from Democrats, without giving up anything of any significance in return.

Not only that, but Republicans — in perhaps the most remarkable example of political up-is-downism in recent memory — cast their willingness to dangle the threat of national crisis as a brave and heroic effort they’d undertaken on behalf of the national interest. Only the threat of national crisis could force the immediate spending cuts supposedly necessary to prevent a far more epic crisis later.

This is where the #hopeandcave sentiments begin with Democratic Progressives. Another sentiment also emerging is that more and more calls to #primaryObama from the left in the past few weeks, initially recommended by U.S. Senator Bernie Sanders (I-VT), which have been echoed on the pages of the Wall Street Journal by Peter du Pont, who has called for Hillary Clinton to challenge Obama, not surprisingly. Many Clinton supporters are waiting in the wings and have drafted a petition drive to draft her, praying that Hillary will tip her hand, resign her office and take a leap of audacity by challenging Obama, a sitting president, to a redux of a bitter fight in 2008.

Nonetheless, Democratic pundits have dismissed disgruntled liberals, essentially saying they have no other place to go, but as the details emerge on where the cuts will fall, don’t be so sure, that people who are really hurting in this abysmal economy  just might stay home in 2012. And if all else fails in the next two days, don’t count on Obama invoking the 14th Amendment to protect the country’s fiscal sovereignty. He and many members of his Administration have dismissed that course of action as not feasible.

Tanya L. Domi is an Adjunct Assistant Professor of International and Public Affairs at Columbia University, who teaches about human rights in Eurasia and is a Harriman Institute affiliated faculty member. Prior to teaching at Columbia, Domi worked internationally for more than a decade on issues related to democratic transitional development, including political and media development, human rights, gender issues, sex trafficking, and media freedom.

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‘Mad King’: Trump Teases ‘Fourth’ Term to U.S. Troops Overseas

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May 15, 2025

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The Bulwark’s Sam Stein observed: “Treating the troops like they’re at a campaign rally and sowing doubt about the past and future of American elections — all in one soundbite.”

Democratic pollster and strategist Luke Martin called it “especially jarring to see Trump flirting with blowing a hole in the Constitution in front of an entire crowd of people who literally swore an oath to protect it with their life.”

Independent journalist Mike Rothschild noted: “Making a statement like this in front of active duty troops would have generated months of scandal, hearings, and resignations in years gone by. Now it’s just another Thursday with the Mad King.”

Watch the video below or at this link.

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‘Significant Damage’: Walmart’s ‘Magnitude’ Warning to Consumers Spurs Trump Tariff Critics

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May 15, 2025

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Walmart has issued a stark warning about the impact of President Donald Trump’s tariffs, cautioning that their “magnitude” will directly lead to higher prices for consumers. The nation’s largest retailer made clear it will have no choice but to pass on the increased costs. President Trump, by contrast, recently claimed that Chinese manufacturers—key suppliers for Walmart and many other retailers—would probably “eat” the tariffs.

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Critics took the opportunity to blast President Trump’s tariffs.

Senate Democratic Minority Leader Chuck Schumer called Walmart’s warning a “canary in the coal mine for the devastation Trump’s tariffs will have on Main Street,” according to The Washington Post.

“If a retailer as big as Walmart can’t escape the pain of tariffs, what chance [do] small businesses have?” he asked.

Leader Schumer called on retailers to post how much tariffs increase the cost of each product.

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“Walmart’s announcement is a glaring reminder that even after supposedly backtracking on some of his tariffs, significant damage will not go away,” he added in a floor speech. “The chaos unleashed is eating away at retail, restaurants, small businesses, and middle class families wallets. It is still estimated these tariffs will cost thousands of dollars for each family each year.”

Cato Institute Vice President of General Economics Scott Lincicome served up this warning: “Buckle up.”

Watch the video below or at this link.

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‘Deeply Fascist’: Massive Banner of Trump on Government Building Sparks ‘North Korea’ Vibes

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May 15, 2025

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A massive banner of President Donald Trump is now hanging from the outside of the U.S. Department of Agriculture’s building in Washington, D.C., opposite a banner of President Abraham Lincoln. Several critics are suggesting the hanging is fascist or authoritarian, with some saying it is giving off North Korea vibes.

“Looming down from the pillared front of the neo-classical facade is an enormous, brooding picture of President Donald Trump, adapted from his official presidential portrait,” The Independent reported. “The picture of Trump is reminiscent of portraits of leaders hanging from public buildings, often seen in dictatorships, monarchies, and in descriptions in George Orwell’s 1984 of ‘Big Brother.'”

Progressive nonprofit People For the American Way posted a photo of the USDA building with the Trump banner, also saying it is “echoing authoritarian dictatorships.”

“This is deeply fascist,” observed Democracy advocate, Army combat vet, and podcaster Fred Wellman.

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“Trump is spending $92 million on a birthday military parade and plastering his face on the sides of government buildings. Washington, DC is becoming Pyongyang, North Korea,” podcaster Brian Tyler Cohen noted.

U.S. Secretary of Agriculture Brooke Rollins posted photos of the banners being installed, while suggesting that President Trump’s policies have been good for farmers — a controversial opinion given his tariff and trade wars, and program cuts.

The Bulwark’s Tim Miller wrote: “Its interesting that these freedom loving MAGA alpha males want to institute this deeply creepy 3rd world culture where we have a national daddy that must be obeyed.”

Political analyst Rachel Bitecofer warned Trump is “going to go full Putin.”

“Welcome to North America’s North Korea!” exclaimed Russell Drew, a self-described amateur historian and political junkie.

See the social media posts above or at this link.

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Image: Public Domain photo via Wikimedia

 

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