Professor Morici makes some great points as to the outcome. However, one item that we have not seen mentioned in the news media is the near military precision of the installation of barriers at the National Monuments and National Parks around the country. Within a day of the "shutdown" barriers surrounded the monuments and closed the entrances and scenic overlooks of the National Parks. How did that happen? How was it accomplished in such short order? How did they get those signs printed literally overnight?
We believe the answer is Obama and his minions had planned this event. We have it on good authority (from a source with knowledge of the situation and who spoke to us anonymously) that the ordering of the barricades and signs was done over five months ago. In other words, Obama knew what was coming and purposely put the US in a terrible situation. One of his intentions was to damage the Republican party brand so deeply that he could easily win the 2014 midterms and once again gain total control of the government.
One can only speculate what might occur should Obama be successful. For those who are conspiracy believers(?): Could he get his wish for a third or fourth term? Could be name himself President for Life? Or could he ban all parties other than the Democrats? For those not so far out there: Could he raise the debt ceiling to $100 trillion or eliminate it totally? Could he institute single payer health insurance? Could he...... you fill in the blank.
Whatever the long term goal of this administration, the result will not be good for the average American citizen. It has been shown that Obama is not there to protect us or to do what is in the best interests of the country. It's his goal is to feather the nest of the connected, the friends of Barry and let the rest of us forage for ourselves.
For those who believe the ending of the shutdown was a victory for the rule of law, that Congress should do what the President desires, you could not be more wrong. It was a travesty encouraged by a compliant media which will permanently damage the United States. Enjoy the seemingly sweet taste of victory, for it will soon turn very acidic.
Conservative Tom
Morici: Obama Victory Based on 'Deception and Demagoguery'
Thursday, 17 Oct 2013 08:32 AM
The president has accused the House GOP majority of refusing to pay bills Congress has already racked up, not doing its job, and defying the outcome of the 2012 election.
The $17 trillion outstanding national debt funded past spending, and raising the debt ceiling is all about the government spending more than it taxes going forward. The Constitution requires that revenue bills originate in the House, not the president's desk. If Obama wants to spend more than the country can afford, it requires him to negotiate with the House — that's where the framers put the money.
The House was given this power, because it is closest to the pulse of the people, who, in 2012, elected a majority of representatives promising to cut spending and reduce deficits.
Obama's victory in the 2012 presidential election turned on many issues, including immigration, foreign policies toward China and in the Middle East, and the environment. It is disingenuous to say his election affirmed voter support for the Affordable Care Act.
Poll after poll — at the time the ACA was passed, during the election, and now — revealed the majority of Americans don't like the law and want it substantially revised or repealed. The ethnic breakdown of election results indicate Obama's victory was much more the result of Gov. Mitt Romney's inability to appeal to Latino and Asian voters.
Each month the government collects $250 billion in taxes, and if the Congress decided not to raise the debt ceiling, Secretary Lew would have adequate resources to pay the $23 billion in interest to the public.
Each month, the government spends about $315 billion. If the House judges the resulting accumulation of $65 billion in new debt to be too burdensome — as the public has repeatedly expressed by electing conservatives to the House — the president has a constitutional duty to negotiate with the House rather than demand "clean bills" and spend as he pleases. The House would be derelict to simply roll over to presidential demands for powers the Constitution does not provide.
To pressure House Republicans, Treasury Secretary Lew has purposefully cultivated fear in financial markets by falsely stating the United States must default if Congress fails to raise the debt ceiling. That would only happen if he failed to establish appropriate priorities for the $250 billion in taxes collected each month.
His doomsday rhetoric makes the U.S. government appear inept and irresponsible, has eroded the primary standing of U.S. securities in global markets, and will weaken U.S. economic leadership in global forums for many years to come.
Senate negotiators have come to a deal acceptable to the president that reopens the government and raises the debt ceiling, and House Democrats and moderate Republicans will likely approve it.
The president's victory will be accomplished through deception and demagoguery, by violating the will of voters expressed in the 2012 congressional elections and the Constitution, and damaging U.S. global standing. Those are mighty high prices to pay for a president's refusal to negotiate changes to a healthcare law voters clearly want changed and reducing budget deficits voters want slashed.
Peter Morici, an economist and professor at the University of Maryland Robert H. Smith School of Business, is a widely published columnist.
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