Tuesday, July 26, 2011

My August 2 prediction

After reading these two posts (link and link) I have a prediction of what will happen between now and Aug. 2. But first, the posts:

Bryan Preston:
Unbelievable: Obama White House Stubbornly Refusing to Release Any Written Debt Plan (Update: Video Added)

The Obama White House is so irresponsible, and so fearful of locking itself into anything at all, that it’s refusing to even put a debt plan on paper. Rory Cooper tweeted this from today’s WH press briefing:
Chuck Todd: “Release your plan” Jay Carney: “We’ve shown a lot of leg” Todd: “Why not just release it?” Carney: “You need it written down?”
Yes, Jay, the American people elected your boss in the hope that he might occasionally do his job. Show his work. Demonstrate a little competence once in a while. Is that too much to ask?
It is worth remembering that for all the scorn the president hurled Monday night at selected members of Congress for opposing the Democrat plan for revenue enhancement raising taxes, the White House has proposed exactly zero, zilch, nada, null set. But this is not surprising:
The Democratic Senate has not proposed a budget in either of the last two years. In February, President Obama offered a budget that would actually increase the deficit. Then in a speech in April he essentially retracted it, and offered in its place a vague and incoherent series of policy goals that left Democrats with no particular agenda. On June 23, at a hearing of the Budget Committee, CBO director Douglas Elmendorf was asked what his agency made of the proposals in that presidential address. “We don’t estimate speeches,” he said. “We need much more specificity than was provided in that speech.”
Well, Douglas, old boy, you just ain't-a gonna get it from this president.

Then we have Richard Pollock on Monday night's speech:
For those of us who have watched the torturous day-to-day descent of this crisis, the president’s detachment and absence have been obvious. On Monday, Politico’s Glenn Thrush reported: “Obama was barely visible for much of the weekend.”

As the president faced the nation on Monday evening, he knew his economic legacy was on the line. Historians will judge him for his economic stewardship.

The assessment will not be good. Going deep into his presidential term, he presides over a country that suffers from high unemployment, record home foreclosures, and a no-growth economy. But when the most pivotal issue of our decade emerged — a $16.8 trillion debt crisis — where was the “Obama plan”?

The sad truth is there is no Obama plan and there never has been a plan. The president gingerly approached the debt crisis as he has approached other issues: intellectually, coolly, passively, and with great detachment. ...

None of the plans being debated today have the imprimatur of the Oval Office. At a moment when presidential leadership is so vital, President Obama has been passive. Passivity also was the hallmark of his approach to his other signature blockbuster initiatives: the TARP bailout, ObamaCare, and the financial services initiatives.
This detachment will not essentially change between now and Aug. 2. So what will the president do between now and then?

So what is my prediction for Obama's decision between now and Aug. 2? Just go below the fold.






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