Bloomberg rebukes Obama over collapse of debt talks

Source: Washington Post

New York City Mayor Michael Bloomberg issued a rare public rebuke of President Obama on Monday, saying the collapse of the debt talks in Washington is a threat to the economy and a display of a failure in leadership.

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Bloomberg called the supercommittee failure a “damning indictment of Washington’s inability to govern this country,” criticizing both parties for inaction.

But his slap at Obama stood out: Bloomberg has often been rumored as a potential third-party presidential candidate in 2012, although he has taken no steps to run. Bloomberg’s remarks Monday echoed a speech he gave at the Center for American Progress on Nov. 8, in which he accused lawmakers of lacking political courage.

“The executive branch must do more than submit a plan to a committee — and then step aside and hope the committee members take action,” Bloomberg said in that speech. “That’s not how any CEO would run a business — and at least in modern times, it’s not how landmark pieces of legislation have gotten through Congress. Tough problems require determined, forceful and bold leadership — and real action.”

Read more: http://www.washingtonpost.com/politics/bloomberg-rebukes-obama-over-collapse-of-debt-talks/2011/11/21/gIQA3ceXiN_story.html

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Bloomberg is misguided because with or without a supercommittee agreement, the debt will be cut by $2.1 trillion.

It's just that Republicans don't like the automatic defense cuts.

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you might want to read this instead of swallowing that meme hook, line and sinker.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=433x819639

watch it, barak!

20...

Cutting Social Security, Medicare and anything benefiting the middle class or poor is out of bounds for a man that thinks it's OK to spy on, pepper spray and beat innocent and peaceful people.

Bloomberg lost ALL credibility with his actions against OWS!

You are SO not in touch with 99% of America or the World.

The debt ceiling was raised and cuts to social programs will be limited and wont take effect for years and at the same time we may actually get our first major cut to defense budget in decades. That sounds like a success to me.

Way to join the insane right/right of middle new American paradigm. What you just wrote would have been unthinkable for even a moderate a mere 15-20 years ago. Gratz.

In times like that we choose the least unpleasant choice.

First had this agreement not been reached to have the committee, one of three things would have happened:

- the Democrats would have had a gun to their head (the debt ceiling) and real cuts being made in too short a time to even pick the least worse things and they would have happened immediately - killing the fragile recovery.

- the debt ceiling would not have been raised and the country would have faced a crisis

- The Republicans would have caved

Would you have wanted to take that risk - where this kicked it out to a possibility (not high) of really dealing with these issues - and if not cuts that would start in 2013 (if then). Note that the latter gives the economy some time to improve - though it would be easier with a stimulus package.

After all, the Super Committee Republicans made it a condition of meeting that President Obama would not be involved in the committee's deliberations. Not no way, not no how. Verboten. No meddling in Legislative affairs by the Executive. And now that the inevitable has come to pass, who to blame? Why, President Obama, of course!

And you can absolutely count on the popular media failing to remember that the president was completely shut out of the process at Republican insistence. It's the perfect scam once again. It would fall apart in an instant if the powers that be at NBC, CBS, ABC or the Times or the Post remembered just once what went into the latest fiasco, but for some reason, Republicans proceed all the time as if they are 100% sure the librul media won't call them out. It's puzzling as all get out, that's for sure!

Bloomberg is an ass, and people who peddle this 'that's not how a businessman would run it' line are idiots.

Lots of it.

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All they have to do is say it and it's so. Their mindless drones will fall in line. It's that easy for them. Seems Bloomy has gotten his knickers in a twist now that the average folk are calling out his cronies on K street.

I wonder if Bloomshit didn't get a call from some folks with big bonuses coming soonn that might have got him going a bit? Seems a bit forced...like the Bat Signal (but looks more like $$$$$) was utilized.

How does it feel, Mayor Bloomberg, to be universally hated?

:thumbsup:

....Mr. Bloomberg's on my shoulder, it's the truth, it's actual........it's actually bullshit....

....c'mon bergbloom, who ya foolin', everyone knows the global financial crisis with all its undemocratic repression and repercussions are a product of, and are/were financed by, your global capitalist buddies and their corrupt global system....

"The executive branch must do more than submit a plan..."

"...Washington’s inability to govern this country..."....blah, blah, blah

....things can't be governed because capitalists, like you, won't let us govern ourselves or our country....capitalism is our greatest undemocratic enemy and our greatest financial problem....