By 48 percent to 34 percent, a Quinnipiac poll found last week, Americans will blame Republicans if debt-ceiling gridlock precipitates an economic crisis. Above and below quotes from:
http://www.nytimes.com/2011/07/18/opinion/18douthat.html
Next quote:
For months, I had assumed that the Republican leadership would be able to find support within its caucus for option No. 2. Based on John Boehner’s brief flirtation with a “grand bargain” that would have included tax reform, the speaker of the House thought so as well.
But based on how quickly he abandoned that flirtation, it appears we were both mistaken. The result was a hanging curveball for President Obama, who spent last week posing as the Last Reasonable Man in Washington, contrasting his willingness to compromise on entitlements with the House Republicans’ intransigence on taxes.
To conservatives, this has been a galling spectacle. A president who spent his first two years in office taking spending to a historic high is accusing them of fiscal irresponsibility? A president who spent the spring demagoguing House Republicans for their willingness to restructure Medicare is citing a much more modest set of cuts as evidence of his fiscal seriousness?
But this fury misses the point. Obama has been playing the reasonability card so successfully because his opponents won’t (or can’t) play one of their own.
It’s not that Republicans needed to tug their forelock and go along with whatever grand bargain the White House whipped up. But to win the endgame, they needed something they were willing to concede, something they could tout in public as an example of meeting the Democrats partway.
Their inability to make even symbolic concessions has turned a winning hand into a losing one. A majority of Americans want to close the deficit primarily with spending cuts — which is to say, they’re primed to side with conservatives in the debt-ceiling debate. But in trying to turn that “primarily” into a “completely,” the right has squandered this advantage. By 48 percent to 34 percent, a Quinnipiac poll found last week, Americans will blame Republicans if debt-ceiling gridlock precipitates an economic crisis.
In the end, the threat of such a backlash will probably impel Republicans to make some kind of concession anyway, if they don’t admit that’s what they’re doing. (The maneuver that Mitch McConnell and Harry Reid are working on, for instance, would reportedly cut spending by $1.5 trillion and then let the president extend the debt ceiling on his own, effectively shaving about $500 billion off the spending cuts that Republicans were originally seeking.)end quote.
Though Republicans will surely get the blame and be voted out of office in droves if something goes wrong now for America, (especially the Tea Party Newbies) in the end as President, Obama will get the blame if anything majorly goes wrong here. So, if this isn't worked out Both Republicans and Democrats will likely suffer like never before in last century.
So, in the end, if this goes awry look for the end of the Tea Party and the end of Obama possibly too (along with the beginning of the 2nd Great Depression which likely could last 10 to 20 years worldwide).
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