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Thread: CNBC Anchor on Obama Budget

  1. #1
    Havakasha is offline

    CNBC Anchor on Obama Budget

    http://tpmdc.talkingpointsmemo.com/2...ref=fpnewsfeed


    President Obama’s top economic adviser Gene Sperling got heated in a Tuesday interview on CNBC, when anchor Maria Bartiromo pressed him on the federal budget. The exchange was so explosive that CNBC re-aired the interview on Wednesday — in celebration of holding officials to account and setting the record straight for the public.

    There were just a couple problems: Bartiromo initially elaborated on a false premise, and her subsequent line of questioning treated a GOP political stunt as if it was standard operating procedure on Capitol Hill.

    “How tough has it been operating without a budget?” Bartiromo asked. “This administration has not had a budget in 3,000 days. Why is it that the president puts forth the budget and not even one Democrat bought into it? Was it so reckless in terms of spending that your party actually couldn’t even buy into it?”

    This conflates two different conservative lines of attack, but in doing so gets the budget process backward. Every year by law, the White House issues its own budget, but it is, for all intents and purposes, a detailed list of suggestions — not a legislative package Congress is expected to vote on, as Bartiromo implied. Congress is where actual budgeting happens, and on the Hill, Republicans are fond of attacking Democrats for not passing a budget in three years. It’s a technically accurate, though dubious line of attack — one that may soon be moot. But it’s gridlock on Capitol Hill, not anything proposed by Obama, that has prevented the government from operating on a traditional budget.

    Separately, for the last two years Republicans in Congress have for political reasons converted the White House budget into legislative language and put it to a vote. Democrats have opposed it unanimously for both political and substantive reasons, but not, as Bartiromo said, because it was “reckless.”

    Sperling did his best to set the record straight on this point.

    “There is about zero truth to anything in the question you just asked,” he said. “When the House was voting the Ryan plan, the Democratic alternative, which we supported and we felt was the budget that most closely resembled our budget, was put forward by Chris Van Hollen. It got a considerable number of Democratic votes. Republicans tried to put up a mock budget of ours, which was not our budget, it was not our specifics, it was not our details. We told Democrats to vote for the House Democratic budget by Chris Van Hollen. It got overwhelming Democratic support.”

    House Democrats had other motives for opposing Obama’s budget — to avoid muddying distinctions between the parties on issues like Medicare, to keep at arm’s length from a polarizing president. But it’s a different story than the one you’d get from this exchange.

  2. #2
    Havakasha is offline
    Logic and facts.

  3. #3
    SiriuslyLong is offline
    Guru
    SiriuslyLong's Avatar
    Joined: Jan 2009 Location: Ann Arbor, MI Posts: 3,560
    "It’s a technically accurate, though dubious line of attack — one that may soon be moot"

    Technically accurate?

    Though, who really cares? Where is the result?

    There is a war between free enterprise and big government that will shape America.

    http://video.foxbusiness.com/v/10854...ing-is-immoral

  4. #4
    SiriuslyLong is offline
    Guru
    SiriuslyLong's Avatar
    Joined: Jan 2009 Location: Ann Arbor, MI Posts: 3,560
    Quote Originally Posted by Havakasha View Post
    Logic and facts.
    What would you know about them?

  5. #5
    Havakasha is offline
    Mr. Schiff logic and facts? HYPERINFLATION IN 2011? Absurdly wrong.
    Gold to $12,000. I will wager a bet on that any day of the year. And on and on.

    If you cant defend your favoritie economic theorist and forecaster (with facts), the one you follow for
    stock market advice then I think its clear that facts and logic are not part of your arsenal.

  6. #6
    Havakasha is offline
    Notice the technique. He wasnt willing or able to respond to the following.



    "There were just a couple problems: Bartiromo initially elaborated on a false premise, and her subsequent line of questioning treated a GOP political stunt as if it was standard operating procedure on Capitol Hill.

    “How tough has it been operating without a budget?” Bartiromo asked. “This administration has not had a budget in 3,000 days. Why is it that the president puts forth the budget and not even one Democrat bought into it? Was it so reckless in terms of spending that your party actually couldn’t even buy into it?”

    This conflates two different conservative lines of attack, but in doing so gets the budget process backward. Every year by law, the White House issues its own budget, but it is, for all intents and purposes, a detailed list of suggestions — not a legislative package Congress is expected to vote on, as Bartiromo implied. Congress is where actual budgeting happens, and on the Hill, Republicans are fond of attacking Democrats for not passing a budget in three years. It’s a technically accurate, though dubious line of attack — one that may soon be moot. But it’s gridlock on Capitol Hill, not anything proposed by Obama, that has prevented the government from operating on a traditional budget.

    Separately, for the last two years Republicans in Congress have for political reasons converted the White House budget into legislative language and put it to a vote. Democrats have opposed it unanimously for both political and substantive reasons, but not, as Bartiromo said, because it was “reckless.”

    Sperling did his best to set the record straight on this point.

    “There is about zero truth to anything in the question you just asked,” he said."

  7. #7
    Havakasha is offline
    He is not particularly interested in facts. Only interested in political distortions to fit talking
    points and his ideological leanings. Its one thing to have a different point of view about the
    size of govt etc. Thats an honest argument to have, but when you distort the facts you should
    be called out for it.



    “There is about zero truth to anything in the question you just asked,” he said. “When the House was voting the Ryan plan, the Democratic alternative, which we supported and we felt was the budget that most closely resembled our budget, was put forward by Chris Van Hollen. It got a considerable number of Democratic votes. Republicans tried to put up a mock budget of ours, which was not our budget, it was not our specifics, it was not our details. We told Democrats to vote for the House Democratic budget by Chris Van Hollen. It got overwhelming Democratic support.”

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