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Thom's blog
Republicans should be Dancing in the Streets
Republicans should be dancing in the streets. So says Democratic Congressman Emmanuel Cleaver after an 11th hour debt-limit deal was struck yesterday between President Obama and Congressional leaders to avoid our nation from defaulting. Unfortunately – once again – the President let right-wings take the American people hostage and then gave in to the hostage-takers. The deal – which still needs to be approved by lawmakers today – extends the debt-limit through the 2012 elections and calls for $1 trillion in spending cuts targeting mostly working families over the next decade – plus an addition $1.5 trillion in deficit reduction through revenue raisers and entitlement reforms to be determined by a six-member “Super Congress” comprised of Democrats and Republicans from both chambers of Congress.
If the Super Congress can’t agree to a deal – then automatically – $750 billion will be cut from both the Pentagon and from Medicare doctor reimbursements. But still – not one single penny from hedge fund managers – subsidized oil corporations – or subsidized corporate jets – will be contributed to deficit reduction. Also not in the deal – no stimulus measures to address the real crisis in America – jobs! In fact – economists estimate that the spending cuts will actually stifle economic growth – making our REAL CRISIS – a lack of jobs – even worse and almost guaranteeing a double-dip recession. There’s nothing balanced about this deal – Republicans essentially got everything they wanted – yet the Tea Party STILL will likely not vote for it. As Paul Krugman noted – the President surrendered. And President Obama will learn the hard way that the truly transformational presidents of the 20th century did not govern by compromise – they instead held their ground.
Once this deal goes through – President Obama will be viewed as even weaker than the Republican caricature of Jimmy Carter – and his presidency ruined.
-Thom
(How do you think President Obama's presidency will be viewed? Tell us here.) |
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Tonight on The Big Picture on RT TV at 9pm and 11pm... Exposed...what Standard & Poors isn't telling us about the U.S. debt rating... (check your local listings for stations or stream at RT, and catch past shows on Youtube)
Need to Know: Exposed...what Standard & Poors isn't telling us about the U.S. debt rating... - Jane Hamsher, FiredogLake.com 
Debt deal...done deal or is there hope? - Professor Susan Feinberg, Rutgers Business School
Mainstream Reporters: Too Close to the Field and Teams to Get the Debt Story - Jeff Cohen, Founder of FAIR
The Best of the Rest of the News...
Why don't conservatives like public education? - David Selig, Conservative Commentator.
Daily Take: The Founder's idea that Republicans want you to forget...
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Read Thom's Book for Free!
Now you can read all of Thom Hartmann's " Unequal Protection: How Corporations Became 'People' and How You Can Fight Back" for free online. Truthout is publishing weekly installments over the coming weeks. Read the Chapter Ten: Protecting Corporate Liars today. |
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The Daily Stack 
Quote: "Social Security...is not a dole or a device for giving everybody something for nothing. True Social Security must consist of rights which are earned rights -- guaranteed by the law of the land." -- Harry S. Truman, August 13, 1945.
Hour One: Latest on the debt ceiling deal and what it means
Hour Two: Latest on the debt ceiling deal and what it means
Hour Three: Did Republicans just win the debt deal? John Nichols, Washington Correspondent - The Nation Magazine
"Taking Our Country Back": Sandy Pasch, Democratic candidate for Wisconsin State Senate District 8
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Coming up Tuesday on The Thom Hartmann Program
Hour Three: Free Trade is killing American jobs Bill O'Shaughnessy, Coalition for a Prosperous America and Manufacturing
And, the best of the rest of the news and your calls right here on...
The Thom Hartmann Program... your media support group for we the people.
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Thom's Poll
Once this deal goes through – Will President Obama will be viewed as a weaker President?
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Watch & Listen to Thom
Thom Hartmann: Conversations with Great Minds - Tom Shadyac, P.1
Thom Hartmann: Conversations with Great Minds - Tom Shadyac, P.2
Thom Hartmann - Big Picture Rumble
Thom Hartmann: How Corporations Created the Tea Party Zombies
Or watch the Full "Big Picture" Show
Full Show - 7/29/11. Conversations with Great Minds and Weekly Rumble
Renowned director and filmmaker, Tom Shadyac joins Thom for the first half hour of "Conversations with Great Minds". They discuss how his love for film-making and how a very difficult experience led him to make a seminal documentary about some of the biggest challenges facing the world. In the second half of the show, Thom discusses the House's decision to pass Speaker Boehner's budget plan in the Weekly Rumble.
Thom Hartmann on the News: August 1, 2011
Thom Hartmann & Sandy Pasch: Taking Our Country Back - Wisconsin Recall
Thom Hartmann & John Nichols: GOP's Debt Ceiling Games
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