Pirate's Cove

Yeah, I watched and listened to his speech on his so-called plan, noting that the “Day of Rage was Saturday, and Obama was late as usual”, and really, is there much more to say than that this was a highly political speech meant to increase his chance for re-election by playing to his base?

President Obama struck a combative tone on Monday as called for $1.5 trillion in new tax revenue as part of a proposal to tame the nation’s rocketing federal debt, drawing a sharp contrast with the Republican vision and resetting the terms of the economic debate in Washington this fall.

In a defiant Rose Garden appearance, Obama threatened to veto any plan to tame the debt that does not pair cuts to Medicare and Medicaid with increases in taxes on the rich.

“We can’t just cut our way out of this hole,” Obama said. “It’s going to take a balanced approach.”

Says the man who jacked up the federal deficit by $4 billion in two years. Says the man who won’t cut anything. Says the man who has a plan…..oh, wait, he actually doesn’t

Treasury Secretary Timothy Geithner announced Monday that the administration will not offer suggestions to Congress on how to achieve the “Buffett rule.”

“There are lots of different ways to achieve that principle,” Geithner said. “How you do it depends on what you do to the broader tax system as a whole, we are not going to give the Congress a detailed proposal on how to meet that specific principle.”

So, what exactly was the point of today’s Rose Garden angerthon? Perhaps Obama was taking advantage of Talk Like A Pirate Day to get tanked up on grog and talk about pillaging and looting? Alas, doubtful, this was simply a way to use all the trappings of the Office of POTUS to play to his hard left base. First, he apparently has no plan to submit to Congress. Second, getting people to work with you is not achieved by browbeating and denigrating them. Third, the guy is incompetent, narcissistic, foolish, and incapable of leading ants with a jar of sugar.

And, really, if you want people to pay more in taxes, are there any worse people to use than Tim Geithner and Warren Buffett?

Speaker Boehner had this to say

“Pitting one group of Americans against another is not leadership. The Joint Select Committee is engaged in serious work to tackle a serious problem: the debt crisis that is making it harder to get our economy growing and create more American jobs. Unfortunately, the President has not made a serious contribution to its work today. This administration’s insistence on raising taxes on job creators and its reluctance to take the steps necessary to strengthen our entitlement programs are the reasons the president and I were not able to reach an agreement previously, and it is evident today that these barriers remain.”