Geithner: House Republicans have told Obama they will vote to reaise debt ceiling

Geithner: House Republicans have told Obama they will vote to reaise debt ceiling

By we are stardust on Sun, 04/17/2011 - 5:49pm |

David Dayen:

"...any policy attached to the debt limit increase is now owned by President Obama and Tim Geithner. Republicans are going to raise the debt limit regardless: it’s no longer credible, after this announcement, that the GOP “forced” the White House into any policy change. If your adversary just assured you that they will agree to your preferred clean bill, why would you accept anything else? The answer is clear: any policy other than a clean bill is one that’s not only acceptable to the President, but affirmatively sought by him."

I.e., any negotiation blather will just be blather.

URL:

http://news.firedoglake.com/2011/04/17/geithner-house-republicans-already-assured-president-they-would-raise-the-debt-limit/

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The administration isn't being all that secret about their strategy here. They openly say that they see this debt-ceiling kabuki as an opportunity to do something about spending. From Avent at the Economist:

Yesterday, I attended a conference on the state of the economy hosted by the Financial Times and Bertelsmann. One of the first speakers was Treasury Secretary Tim Geithner, and he said something I found very interesting. Asked about the seriousness of the debt-ceiling fight, he immediately went into soothing mode, explaining that both parties recognise the need to raise the limit and are prepared to do so. But then he said something very interesting (and this is a rough quote): that while everyone understands the need to increase the ceiling, "we want to take advantage of this moment".

(my bold)

by Obey on Sun, 04/17/2011 - 6:26pm

Sounds just about right, Obey. And now the CoC and the Financial Services Forum, 'including Jamie Dimon' are busy smacking around all those freshman Evangelical Congressmen.

http://www.washingtonpost.com/politics/as-debt-ceiling-vote-nears-the-pr...

by we are stardust on Mon, 04/18/2011 - 12:22pm

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