Closer, Probably
An urgent Saturday morning White House debt talks meeting between President Obama and Congressional leaders ended after less than an hour, a sign that both sides likely still remain in a stand-off.
Last point I’ll make here. I mean, I’ve gone out of my way to say that both parties have to make compromises. I think this whole episode has indicated the degree to which at least a Democratic President has been willing to make some tough compromises. So when you guys go out there and write your stories, this is not a situation where somehow this was the usual food fight between Democrats and Republicans. A lot of Democrats stepped up in ways that were not advantageous politically. So we’ve shown ourselves willing to do the tough stuff on an issue that Republicans ran on.
Although the President- inaccurately- characterized beltway differences of opinion as the "usual food fight," he did at least assert that this is not a "he said, she said" situation. One side, he noted, has "stepped up in ways that were not advantageous politically" while "we've shown ourselves willing to do the tough stuff on an issue that Republicans ran on."
Congress consistently brings the government to the edge of default before facing its responsibility,” Reagan says in the clip. “This brinkmanship threatens the holders of government bonds and those who rely on Social Security and veterans benefits. Interest rates would skyrocket, instability would occur in financial markets, and the federal deficit would soar. The United States has a special responsibility to itself and the world to meet its obligations.”
Obama's comments were not dramatic or very powerful, but they did constitute what passes for healthy partisanship from this president: we're trying to prevent the destruction of the nation's, and perhaps the world's economy, and they're not. Even if our team is trying to do it by giving the other side almost everything they could have dreamt of.
Unlike the Tea Party Republicans, but much like his supporters in the business community, he is troubled by the potential consequences of an impending and unprecedented default. As Norquist told The National Memo today in an interview: