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    “Don’t call my bluff,” the president said.

    “Don’t call my bluff,” the president said.

    Per ABC News, Obama stormed out of a meeting with Eric Cantor and others when Republicans suggested a short term solution to the debt ceiling dispute because the negotiations were still far apart:

    “Don’t call my bluff,” the president said. “I am not afraid to veto and I will take it to the American people.”

    If Moody’s, the credit rating agency that announced a review of U.S. credit, downgrades the United States, President Obama said, “it will be a tax increase on every American.”

    There needs to be a long-term debt extension, the president argued.

    “This may bring my presidency down, but I will not yield on this,” he said.

    Then he stood up.

    “Enough is enough,” the president insisted. “We have to be willing to compromise. It shouldn’t be about positioning and politics, and I’ll see you all tomorrow.”

    Then he left the room.

    At the press conference on Monday when Obama said that he would not agree to any short term extensions, I noted those would end up “famous last words.”

    He’s locked himself into a position from which he left himself no face-saving means of exit.

    Added:  More background on the problem, the Democrats were backtracking on promised spending cuts, via NRO:

    Cantor expressed a growing frustration over the rapidly dwindling spending cuts believed to have been agreed to in the Biden negotiations, having gone from about $2 trillion in savings to less than $1.4 trillion over the course of several days. As Rich mentioned, much of the discrepancy is the result of Democrats’ taking cuts to mandatory programs and entitlements off the table, and insisting on additional spending. Cantor said this was likely the result of significant disagreement between congressional Democrats and the president.


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    Viator | July 14, 2011 at 6:40 am

    Best quotes of the last 24…

    “Obama To Cantor: Don’t Call My Bluff”
    “Pro tip…don’t tell people you’re bluffing.”
    Ace of Spades HQ

    El Foldo
    “Its hard to believe, but the Republicans look like they’re about to fold again. They talk tough, but they don’t act tough. Its incredible. Look at what’s going on. It’s called ‘el foldo’.”

    “They are going to do something with the debt ceiling. They could negotiate so strong. They could negotiate so powerfully. Right now they’re losing all their chips just like they did in December. They call it the ‘lame duck’ session, where they gave Obama everything he wanted and frankly they had all the cards. Right now they have all the cards and they’re going to give up their hand. I don’t believe what’s going on. And that’s one of the reasons I’m so disgusted with them.” Donald Trump

    Kerry | July 14, 2011 at 9:07 am

    Don’t let the door drive your head further up on the way out! And, “…take it to the American people”…? He has already done that.

    dogzilla | July 14, 2011 at 9:08 am

    So, after the shock of President Petulant storming out of the meeting like Loretta Young, I wonder how Cantor didn’t laugh his ass off. I would have paid money to see this.

    If Obama wants a second term, he’d better get used to playing well with others instead of him and his Missus living like lottery winners on the taxpayers’ money.

    […] change from one meeting to the next. Obama continued further and said he would not stand for any any short term extensions.“I will not sign a 30 day, or 60 day, or 90 day […]

    Searcher | July 14, 2011 at 3:53 pm

    How to maneuver President Barack Hussein O’Bupkis into such a state of rage that he threatens to resign his office should he not get what he wants. Then use his puerility to have him do so. There is a worthy goal of the negotiations.

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