Oh my: Angry Obama storms out of debt-ceiling negotiations; Update: “This may bring my presidency down, but I will not yield on this”

posted at 8:25 pm on July 13, 2011 by Allahpundit

Between this and the Moody’s news, tomorrow ought to be fun on Wall Street. Per Slublog, remember during Campaign ’08 when this guy’s big selling point was his “first-class temperament”?

Also, am I right in thinking that the only two times O has walked out on a meeting are today and when he met with Bibi Netanyahu back in March of last year? That’s quite a record of indignation, champ. You really know how to get tough with the enemy.

Cantor said he told the president that the two sides remain so far apart at this point that he doubted they could get to $2.5 trillion in cuts (to match the debt increase requested by the administration, enough to get through the 2012 election) given the time available. President Obama has said he will not sign any increase to the debt ceiling less than that amount, and Cantor had previously insisted that the House would vote no more than one time to increase the debt limit. Cantor said he was willing to abandon his position in order to allow some kind of short-term measure to increase the debt limit and reassure credit markets while negotiations continue, and asked the president if he would be willing to consider this option.

At this point, Cantor explained, the president became “very agitated” and said he had “sat here long enough,” that “Ronald Reagan wouldn’t sit here like this” and “something’s got to give.” Obama then told Republicans they either needed to compromise on their insistence on a dollar for dollar ratio of spending cuts to debt increase or agree to a “grand bargain” including massive tax increases. Before walking out of the room, Cantor said, the president told him: “Eric, don’t call my bluff. I’m going to the American people with this.” He then “shoved back” and said “I’ll see you tomorrow.”

The Democratic spin on what happened is that Cantor “rudely” interrupted The One mid-finger-wag and he got huffy and walked out. As for what he means by “going to the American people,” I don’t want to get my hopes up but we might be in store for another 45-minute lecture tomorrow morning about corporate jets. As an ironic gloss on this drama, read Chuck Todd’s take on how, in principle, Obama and Boehner aren’t all that far apart. If O publicly committed to a truly significant concession, like means-testing for Medicare or raising the eligibility age for Social Security, then maybe the GOP could be persuaded to take another look at letting the Bush tax cuts lapse for the wealthy. But since he won’t, they can’t. Said Boehner to a gaggle of reporters this afternoon, “Dealing with them the last couple months has been like dealing with Jell-o.”

Before he threw his tantrum, Obama also reportedly told Republicans today that Friday’s the deadline for deciding whether both sides should continue to pursue a real deficit-reduction deal or whether they should shift to looking for some sort of fallback plan a la McConnell to avoid default. So, the good news: The first stage of the debt-ceiling drama will kinda sorta be over in the next 48 hours. The bad news: Three more weeks of the next stage to come, guys. Three. More. Weeks.

Update: To steal a line from our Greenroom contributor Karl, here’s more of what the “adult in the room” had to say before he, er, left the room:

“This process is confirming what the American people think is the worst about Washington,” the president said. “Everyone is more interested in posturing, political position and protecting their base than in solving problems.”…

“I have shown enormous willingness to compromise and have taken huge heat for it,” he said, “but my responsibility is to the American people and there comes a point when I need to say, ‘Enough.’”

“It cannot all be on us,” the president said, arguing that Republicans need to give on the revenue side of things as Democrats are willing to do so on spending cuts.

Weigel also clarifies the terms of the actual dispute between O and Cantor. Cantor says they can get a deal for $1.5 trillion in cuts through the House. Problem is, the GOP’s vowed not to raise the debt ceiling by more than the amount in total cuts and a $1.5 trillion debt-ceiling hike won’t get us past the election next year. That makes The Perpetual Campaigner unhappy, so either the GOP will have to step back from its vow or O will have to agree to deal with the debt ceiling again — just a few months before election day, when the incentives on both sides to hold out will be even greater than they are now.

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He thinks he’s copying Reagan in Iceland. But he ain’t no Reagan.

Dhuka on July 13, 2011 at 8:27 PM

“Mr. Levelheaded” and “Took cool, for the room”. I await his complete meltdown. Not a guy used to hearing “no”.

Sharr on July 13, 2011 at 8:27 PM

Bo the Portuguese Water Dog better lay low tonight.

Cicero43 on July 13, 2011 at 8:28 PM

Three weeks? That bumps right into his next lavish vacation on Martha’s Vineyard. You know he can’t miss a vacation.

JammieWearingFool on July 13, 2011 at 8:28 PM

Typical democrat, when the going gets tough CUT N RUN like a baby!
Obama the puss!!!

ColdWarrior57 on July 13, 2011 at 8:28 PM

We’ve been predicting a meltdown here at HotAir for a while now! Bring it on, Barry! The stuttering must’ve been out of this world.

SouthernGent on July 13, 2011 at 8:29 PM

WOO HOO! I wanna see a temper tantrum and THEN have the American people know he is a child.

upinak on July 13, 2011 at 8:29 PM

The president really shouldn’t get too indignant. After all, the GOP?

They won.

Slublog on July 13, 2011 at 8:29 PM

Typical democrat, when the going gets tough CUT N RUN like a baby!
Obama the puss!!!

ColdWarrior57 on July 13, 2011 at 8:28 PM

Fleebagger. Maybe this will be the next move by the democrats. Flee Washington, DC.

SouthernGent on July 13, 2011 at 8:29 PM

What does what Ronald Reagan would do have to do with Obama?

BD57 on July 13, 2011 at 8:30 PM

he doubted they could get to $2.5 trillion in cuts (to match the debt increase requested by the administration

So pray tell me, why is the $2.5 trillion in cuts negotiable while the $2.5 trillion increase isn’t?

miConsevative on July 13, 2011 at 8:30 PM

This is what you get when you elect a man-child who’s never had to deal with adversity or competing interests in his entire working life.

Cicero43 on July 13, 2011 at 8:30 PM

Republicans better play hardball with this guy.

therightwinger on July 13, 2011 at 8:30 PM

Petulant in chief.

Don’t give into his vague plan for spending cuts. Stand firm fellas.

Chubbs65 on July 13, 2011 at 8:30 PM

Looks like ‘No Trauma Obama’ may become another failed campaign thing.

CommentGuy on July 13, 2011 at 8:30 PM

One more incident of walking out of a meeting, or a press conference actually, when he left Bill Clinton at the podium explaining the extension of the Bush tax cuts, while O’Booby went to a party with Michelle.

Last year’s OOTY!

NeighborhoodCatLady on July 13, 2011 at 8:31 PM

Petulant Frenzy

hat tip / FZ

singlemalt 18 on July 13, 2011 at 8:31 PM

What does what Ronald Reagan would do have to do with Obama?

BD57 on July 13, 2011 at 8:30 PM

Nothing, actually…

STAY THE COURSE, REPUBLICANS!! HOLD ALL LINES!!

Khun Joe on July 13, 2011 at 8:31 PM

Obie is NO Reagan..:)

Dire Straits on July 13, 2011 at 8:31 PM

Yup. Only reasonable man in the room.

NeighborhoodCatLady on July 13, 2011 at 8:31 PM

Dude,..rip that Band Aid off! Eat them peas!

a capella on July 13, 2011 at 8:31 PM

The fact that we’re here today to debate raising America’s debt limit is a sign of leadership failure. Leadership means ‘The buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.Senator B. Obama

He’s a joke.

CW on July 13, 2011 at 8:32 PM

In the money talks….
The bull$#!t walks

mechkiller_k on July 13, 2011 at 8:32 PM

I’m going to the American people with this.

You went to the American people last night when you threatened to cut off granny’s SS check. How’s that working out for ya today, Chump?

Knucklehead on July 13, 2011 at 8:32 PM

w00t w00t. Who’s gonna post it up on youtubes?

I know its overused, but a Hitler in the bunker video (dealing with spending) might be funny the next few weeks.

El_Terrible on July 13, 2011 at 8:33 PM

Someone give that “man” a cigarette. He needs to go to Celebrity Rehab.

faraway on July 13, 2011 at 8:33 PM

What Cantor missed was PBHO glancing at his watch and realizing he was about to miss his tee time.

Bishop on July 13, 2011 at 8:33 PM

What does a spoiled little child do when they don’t like the way an argument is going? They run out the door.

He is an arrogant little man/child.

MJZZZ on July 13, 2011 at 8:33 PM

POS!

royzer on July 13, 2011 at 8:33 PM

All right someone has to say it: More Popcorn!!

JimK on July 13, 2011 at 8:33 PM

But did he stomp his itty bitty wittle feet?

Hog Wild on July 13, 2011 at 8:34 PM

Knucklehead on July 13, 2011 at 8:32 PM

Excellent post!..:)

Dire Straits on July 13, 2011 at 8:34 PM

This is what you get when you elect a man-child who’s never had to deal with adversity or competing interests in his entire working life.

Cicero43 on July 13, 2011 at 8:30 PM

This is what you get when you elect someone because of their color rather than their qualifications.
Yeah. I said it.

annoyinglittletwerp on July 13, 2011 at 8:34 PM

my bluff“?

faraway on July 13, 2011 at 8:34 PM

No wonder Michelle dresses him in mom jeans.

meci on July 13, 2011 at 8:35 PM

The bad news: Three more weeks of the next stage to come, guys. Three. More. Weeks.

As long as the Republicans stick to their guns and don’t cave then I’m indifferent about the length of time.

FloatingRock on July 13, 2011 at 8:35 PM

What does what Ronald Reagan would do have to do with Obama?

BD57 on July 13, 2011 at 8:30 PM

The answer is easy, obummer da puss has the same leadership skills as Mr. Reagan , only inversely proportional to.

ColdWarrior57 on July 13, 2011 at 8:35 PM

The crack about Reagan is a hoot. It’s almost as funny as how nice Tip O’Neil was to Ronald Reagan. Rush played some clips of good old Tip on his show today. Democrats are delusional. Push back Cantor, Obama isn’t going to hold the Social Security checks.

Cindy Munford on July 13, 2011 at 8:35 PM

Two and a half hours…Wow!

d1carter on July 13, 2011 at 8:36 PM

Right now, RIGHT NOW, there is a heaping pile of menthol Kool Light 100 butts on the Oval Office desk, and PBHO is busy sending aides out for more cartons.

Bishop on July 13, 2011 at 8:36 PM

Friday´s the Dead-line: must be a Golf Game scheduled….

gullxn on July 13, 2011 at 8:36 PM

Alert: Video of Obama tantrum

faraway on July 13, 2011 at 8:36 PM

For all, like me, who are inclined to respond and comment here: this is mental masturbation…i.e., it means nothing. Send your pithy, witty thoughts to your congress critters and Mr. Speaker. I just did.

Dingbat63 on July 13, 2011 at 8:36 PM

he walked out on that meeting where he left Bill Clinton in charge of taking questions from reporters… think that even won on of Ed’s Obamateurisms.

maineconservative on July 13, 2011 at 8:36 PM

All right someone has to say it: More Popcorn!!

JimK on July 13, 2011 at 8:33 PM

Careful. That’s what the nanny-state will ban next.

When popcorn is outlawed, only outlaws will have popcorn.

NeighborhoodCatLady on July 13, 2011 at 8:36 PM

This President is made of FAIL.

rockmom on July 13, 2011 at 8:36 PM

“Ronald Reagan wouldn’t sit here like this”

Screw you, Mr. Present. You are NO Ronald Reagan.

You know what? Eff this tool. Don’t raise the debt ceiling. Prove that there is nothing substantial behind all of these histrionics and bullsh!t.

In short: Call his bluff, Eric!!!

CantCureStupid on July 13, 2011 at 8:37 PM

You went to the American people last night when you threatened to cut off granny’s SS check. How’s that working out for ya today, Chump?

Knucklehead on July 13, 2011 at 8:32 PM

Umm stop giving the man IDEAS!

I would like for my grandmother to live another 48 hours!

upinak on July 13, 2011 at 8:37 PM

What a pu**y.

jawkneemusic on July 13, 2011 at 8:37 PM

Right about now, a breakthrough in the Fast and Furious gun issue might just tip him over the edge.

a capella on July 13, 2011 at 8:38 PM

Give me two minutes alone with the President in a locked room and I will significantly change his outlook.

NoDonkey on July 13, 2011 at 8:38 PM

when was my TEE TIME again?

SDarchitect on July 13, 2011 at 8:39 PM

Also, am I right in thinking that the only two times O has walked out on a meeting are today and when he met with Bibi Netanyahu back in March of last year? That’s quite a record of indignation, champ. You really know how to get tough with the enemy.

By the way, does anyone know what else Eric Cantor and Bibi Netanyahu have in common?

Anyone?

Bueller?

rockmom on July 13, 2011 at 8:39 PM

Right now, RIGHT NOW, there is a heaping pile of menthol Kool Light 100 butts on the Oval Office desk, and PBHO is busy sending aides out for more cartons.

Bishop on July 13, 2011 at 8:36 PM

No, his admin banned the use of the term “lights”. So, “Kool Gold 100s”.

Who is John Galt on July 13, 2011 at 8:39 PM

“I won.”

madmonkphotog on July 13, 2011 at 8:39 PM

Remember, if the market tanks tomorrow, it will NOT be solely this Moody/debt-talks issue that causes it. There’s no more QE2 and even with the Fed signaling a QE3, they can’t go forward until equities crumble. So the market has to go lower from its current artificial highs. But no one in equities wants to miss the next ramp. Also Europe is still “defaulting” left and right with Italy shaking things up nightly with all their bad debt. There’s a lot going on in the markets, so IF things get hairy tomorrow, and Obama tries to say “Seeeeee, Repubs!!!! Give me my debt money or Wall Street gets it!” just remember it’s not that black and white. Stay calm.

Weight of Glory on July 13, 2011 at 8:40 PM

Obama simply cannot tolerate being “rudely” interrupted by . . . a Jew!

Emperor Norton on July 13, 2011 at 8:40 PM

Tune in tonight for Hannity when Madam President in Waiting speaks about this.

You know, the Lady from Wasilla who months ago said not to raise the debt ceiling and pay the interest on the debt to avoid default, before it was cool?

She will have to assist the GOP again in growing some cajones to face this petulant president we have in the White House today on this issue.

milemarker2020 on July 13, 2011 at 8:40 PM

Can’t wait for Palin Facebook post.

faraway on July 13, 2011 at 8:40 PM

If you had to spend your nights next to Moochelle you’d get pretty testy too.

angryed on July 13, 2011 at 8:40 PM

But Obama said he wouldn’t do the debt-limit increase incrementally and that he would veto a short-term bill.

“That’s when he got very agitated,” Cantor told reporters.

“Obama lit him up. Cantor sat in stunned silence,” said an official in the meeting. “It was incredible. If the public saw Obama he would win in a landslide.

Bwahahahaha

SouthernGent on July 13, 2011 at 8:41 PM

Umm stop giving the man IDEAS!

I would like for my grandmother to live another 48 hours!

upinak on July 13, 2011 at 8:37 PM

We have to call a special meeting here at my co-op. One third of our residents are seniors and are in full panic mode.

The man has know idea how much panic he’s spread.

Knucklehead on July 13, 2011 at 8:41 PM

Wsa he stomping his feet and holding his breath? Was he calling for his Mommy?

bayview on July 13, 2011 at 8:41 PM

Three. More. Weeks.

I’m now bald from all this. Bald.

Weight of Glory on July 13, 2011 at 8:41 PM

At one point the MSM were comparing the Anointed One, the Lion of Libya, to Lincoln, to FDR, and to Ronald Reagan. (Reagan walked out on the Russians in Iceland and refused to give up Star Wars.) The Anointed One once even said he was reading the works of Ronald Reagan. But he ain’t no Ronald Reagan. He is just an … oh hell forget it…

Dhuka on July 13, 2011 at 8:42 PM

She will have to assist the GOP again in growing some cajones to face this petulant president we have in the White House today on this issue.

milemarker2020 on July 13, 2011 at 8:40 PM

Palin/Cantor 2012 – if you really want to see Barack Obama have a psychotic meltdown on national TV!

rockmom on July 13, 2011 at 8:42 PM

He thinks he’s copying Reagan in Iceland. But he ain’t no Reagan.

Dhuka on July 13, 2011 at 8:27 PM

Exactly. He wants his own “Reykjavik” moment. But it’s all contrived. Reykjavik wasn’t. You don’t seek moments like that. I just read George Shultz’s memoirs on Iceland. Reagan was deeply involved in the details and had been working very hard for a deal. Indeed, it was Reagan who had offered the most ambitious plans for arms reduction and for the first time had put human rights on the table. Contrarily, Obama has not offered any budget, been lazily half-involved and is looking only to jockey for political position and raise taxes.

rrpjr on July 13, 2011 at 8:42 PM

“Reagan wouldn’t sit here like this….”

You’re damn right; he would have gotten involved months before it got to this point, he wouldn’t have lined up a bunch of straw men or presented a bunch of false choices, and he would have hammered out a solution. We’re 3 weeks from Armageddon and no one (not even senior Dems) knows what Barry’s plan entails because he refuses to present one. It simply beggars belief.

rcpjr on July 13, 2011 at 8:42 PM

Pre-election he was willing to meet with separately, without preconditions with the leaders of North Korea, Iran, Cuba and Venezuela in order to bridge the gap that divides our countries. It’s just Republicans and a large portion of the U.S. citizenry that he can’t stand.

obladioblada on July 13, 2011 at 8:42 PM

Reagan: “Tear down this wall”

Obama: “Bwaaaaaaaa”

faraway on July 13, 2011 at 8:43 PM

Now is clearly the time to pour it on. Don’t let up GOP.

JohnGalt23 on July 13, 2011 at 8:44 PM

Futures are yawning over this news. Dow futures down 0.3%. Moody’s Shmoody’s. Wall St. isn’t gullible enough to fall for the “threat” of downgrade. Moody’s bread is buttered by Wall St. Downgrade US debt and billions will be lost by Wall St, which means Moody’s gets it up the ass as well.

If you want a sure bet, US keeps AAA rating, default or no default.

angryed on July 13, 2011 at 8:44 PM

Never use Reagan and Obama in the same sentence. This impostor isn’t even qualified to Carry Reagan’s golf clubs.

sandee on July 13, 2011 at 8:44 PM

rockmom on July 13, 20 at 8:39 PM

They both have the letter I in their first names?
Does Bibi wear glasses too?
Hmmmm.
///

annoyinglittletwerp on July 13, 2011 at 8:44 PM

Before walking out of the room, Cantor said, the president told him: “Eric, don’t call my bluff. “

Wait…

the President admits that he is bluffing?

lacerta on July 13, 2011 at 8:45 PM

I don’t know why Obama keeps comparing himself to Reagan. Reagan wanted less taxes and less government. Obama is the complete opposite.

SoulGlo on July 13, 2011 at 8:45 PM

Can’t wait for Palin Facebook post.

faraway on July 13, 2011 at 8:40 PM

She’ll be on Hannity in about 15 minutes.

a capella on July 13, 2011 at 8:46 PM

This is what you get when you elect a man-child who’s never had to deal with adversity or competing interests in his entire working life.

Cicero43 on July 13, 2011 at 8:30 PM

Indeed.

visions on July 13, 2011 at 8:46 PM

Obama is trying to raise 1 billion dollars for his reelection bid. He’s not where George W Bush was back at this time in 2003….George W Bush, you know the Left’s anti Christ, was ahead of their Messiah at this time in campaign donations for his reelection bid.

Just sayin yeah someone is frontin, someone is bluffin

2. frontin
to put on a false disguise usually to impress others
Why you frontin man? we all know you live with yo mamma mother in law!

Dr Evil on July 13, 2011 at 8:46 PM

“Obama lit him up. Cantor sat in stunned silence,” said an official in the meeting. “It was incredible. If the public saw Obama he would win in a landslide.”

Translation: He really put that dirty little Jew in his place!

rockmom on July 13, 2011 at 8:46 PM

Mental masturbation, but therapeutic, I will admit, to write here. How about writing to whitehouse.gov and your congress critter?

Dingbat63 on July 13, 2011 at 8:46 PM

Why doesn’t Obama just fundraise the money?

RedRedRice on July 13, 2011 at 8:46 PM

“This may bring my presidency down,”

From your lips to God’s ears, bubba.

Shay on July 13, 2011 at 8:47 PM

Freaking 2 year old.

I do have to say Cantor is the one impressing me in this. Guy is holding is ground and pissing Obama off at the same time. Heh

gophergirl on July 13, 2011 at 8:47 PM

Update: “This may bring my presidency down, but I will not yield on this”

Is that a promise?

Wethal on July 13, 2011 at 8:47 PM

“Obama lit him up. Cantor sat in stunned silence,” said an official in the meeting. “It was incredible. If the public saw Obama he would win in a landslide.”

Cantor? I agree, he would win in a landslide….

sandee on July 13, 2011 at 8:48 PM

By the way, does anyone know what else Eric Cantor and Bibi Netanyahu have in common?

Anyone?

Bueller?

rockmom on July 13, 2011 at 8:39 PM

They’re not Muslim?

Barnestormer on July 13, 2011 at 8:48 PM

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

PROMISES, PROMISES!

whbates on July 13, 2011 at 8:48 PM

upinak on July 13, 2011 at 8:37 PM

If you don’t mind me asking, how is she doing?

Chip on July 13, 2011 at 8:48 PM

http://news.yahoo.com/obama-walks-debt-limit-talks-wednesday-003605912.html

Wednesday’s meeting came to a quick halt when Speaker of the House John Boehner responded negatively to spending cuts offered by the White House and House Majority Leader Eric Cantor offered to support two separate debt ceiling votes.

One GOP aide familiar with the talks told The Daily Caller that Wednesday’s meeting was the “most tense meeting of the week.”

“The Speaker challenged the President to offer real spending cuts,” said the aide. “He said the gimmicks and accounting tricks that Washington has used for decades are not applicable here. When White House officials attempted to justify budgetary gimmicks, the speaker said pointedly, ‘We’re not doing that anymore.’”

Cantor told reporters after the meeting that all progress in the negotiations had been erased. (Budget deal turns into P.R. duel)

William Amos on July 13, 2011 at 8:48 PM

I do have to say Cantor is the one impressing me in this. Guy is holding is ground and pissing Obama off at the same time. Heh

gophergirl on July 13, 2011 at 8:47 PM

See my previous posts….there is a very good reason why Cantor, and Netanyahu, get under Obama’s skin and make him blow up with rage.

A man can’t hide his true colors forever.

rockmom on July 13, 2011 at 8:48 PM

“Waaaaaaah! Waaaaaaaaaaaah! I gonna tell the American people on you tomrrow! Waaaaaaah!”

– Obama

fossten on July 13, 2011 at 8:48 PM

Wait a minute – did Obama just blink here?

.” Obama then told Republicans they either needed to compromise on their insistence on a dollar for dollar ratio of spending cuts to debt increase

So does this mean if they don’t go dollar for dollar – the tax increases are off the table?

gophergirl on July 13, 2011 at 8:49 PM

Boehner should take Obama up on his offer. Raise taxes on the rich in exchange for Obama’s resignation. Hell, I’d volunteer a 20% increase in my own taxes to make that happen.

angryed on July 13, 2011 at 8:49 PM

“This process is confirming what the American people think is the worst about Washington,” the president said. “Everyone is more interested in posturing, political position and protecting their base than in solving problems.”…

“I have shown enormous willingness to compromise and have taken huge heat for it,” he said, “but my responsibility is to the American people and there comes a point when I need to say, ‘Enough.’”

He actually said this to a member of Congress?

What a pompous ass.

BD57 on July 13, 2011 at 8:49 PM

“Obama lit him up. Cantor sat in stunned silence [at the president's meltdown],” said an official in the meeting. “It was incredible. If the public saw Obama he [the GOP] would win in a landslide.”

FIFY.

Wethal on July 13, 2011 at 8:49 PM

The man has know idea how much panic he’s spread.

Knucklehead on July 13, 2011 at 8:41 PM

Yes he does, the Democrats are the anarchy party.

FloatingRock on July 13, 2011 at 8:50 PM

“I have shown enormous willingness to compromise and have taken huge heat for it,” he said, “but my responsibility is to the American people and there comes a point when I need to say, ‘Enough.’”

Heh.

a capella on July 13, 2011 at 8:50 PM

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