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If the majority of the people didn't want the debt deal and Wall St didn't

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BR_Parkway Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:12 AM
Original message
If the majority of the people didn't want the debt deal and Wall St didn't
either - who did?

While the whole charade was going on, I thought the Wall St types were pushing their paid-for Congress to keep no taxes, cuts blah blah

But apparently Wall St is having no stomach for this either.
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LaydeeBug Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:17 AM
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1. Barack Obama. nt
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vi5 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:20 AM
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2. The guy who put together the Catfood Commission..
Who was that again? What was that guys name?
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:21 AM
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3. Boehner - I got 98% of what I wanted and I quite happy about that n/t
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Recursion Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:25 AM
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4. Boehner needed to save face so they enacted imaginary "cuts"
He could with something approaching honesty say "we cut one dollar for every dollar we increased the ceiling". But it's only approaching honesty, and not approaching it that closely, since about two thirds of those "cuts" are in future discretionary spending, which this Congress can't actually control -- these "cuts" we're freaking out about are just this Congress telling a future Congress it shouldn't spend more than a certain amount.

This is why nobody liked the deal (actually I'm not sure why the left is so up in arms about it -- it's like people forget how frequently Congress has completely ignored discretionary cuts bequeathed to it by a previous Congress). It's not really a "deal", it's a sham that let Boehner whip his caucus for the vote, and it's why he didn't come close to 218 votes without Democrats' help.
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cally Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 09:16 AM
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5. I've been wondering this myself. Who pays for Norquist
and the elected pols forcing this. I wonder if wall street money will continue to flow these pols.
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