Commentaries, Global Warming, Opinions   Cover   •   Commentary   •   Books & Reviews   •   Climate Change   •   Site Links   •   Feedback
"And ye shall know the truth, and the truth shall make you free." - John 8:32
WEBCommentary Contributor
Author:  Michael J. Gaynor
Bio: Michael J. Gaynor
Date:  July 29, 2011
Print article - Printer friendly version

Email article link to friend(s) - Email a link to this article to friends

Facebook - Facebook

Topic category:  Government/Politics

Debt Limit Battle: Obama's Game of Chicken to Lose, Unless His Opponents Split

Default needs to be avoided, but so too the downgrading of America's credit rating. Team Obama is not up to making the kind of cuts that may be necessary to avoid downgrading and must shift blame and/or divide the opposition.

President Obama will lose the debt limit battle, UNLESS it leads the Tea Party to become an official third party and run its own presidential candidate.

That is Team Obama's unstated goal (and path to re-election), which is why Speaker John Boehner has been portrayed as a reasonable compromiser being prevented from making a deal by the Tea Party.

In "Obama Is Desperate to Avoid Another Debt Limit Battle Before Election" (July 29, 2011), Dick Morris and Eileen McCann insisted that "Obama really just wants to avoid having to go through another battle before Election Day. His rejection of the Boehner Plan has nothing to do with the markets or the economy. It is purely political."

It IS purely political, but Obama wants much more than "to avoid having to go through another battle before Election Day."

Morris and McCann: "He's desperate to avoid having to face this issue again. He's lost ten points in job approval over the battle so far and he wants to get out of town before he loses more."

HE ALSO WANTS TO SPLIT THE POLITICAL OPPOSITION!

The stealth socialist president who fooled enough voters to be elected with his "hope and change" motto and then forced through Obamacare and increased the national debt in an unprecedented way is determined to win re-election and the way to do that is to induce the Tea Party people to run their own presidential candidate instead of to support the Republican presidential candidate.

Team Obama is portraying the Tea Partiers as the extremist obstacles to a deal and trying to portray Obama as "the adult."

Forget that very inconvenient vote by then Senator Obama against raising the debt ceiling and his explanation of it: "The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘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."

As an incumbent President running for re-election, Obama flip flopped. He had voted against a debt increase to protest "a failure of leadership" and "our Government's reckless fiscal policies" and to avoid "weaken[ing] us domestically and internationally" and "shifting the burden of bad choices today onto the backs of our children and grandchildren," but he brazenly demanded a "clean" bill increasing the national debt limit.

No wonder President Obama was picked by Senator John Kerry to deliver the keynote address at the 2004 Democrat National Convention: they are birds of a feather who flip flop. That year Kerry shamelessly declared: ""I actually did vote for the $87 billion before I voted against it."

Morris and McCann suggest sending this message to Senate Majority Leader Harry Reid: "If you want more debt authority so that it takes us to the end of the year, come up with more cuts. Not phony cuts in military spending but real cuts scored by the Congressional Budget Office."That's a sound suggestion. Default needs to be avoided, but so too the downgrading of America's credit rating. Team Obama is not up to making the kind of cuts that may be necessary to avoid downgrading and must shift blame and/or divide the opposition.

Morris and McCann urge passage of the Boehner plan as the way to win a game of chicken with Obama.

Morris and McCann:

"The Boehner Plan gives Republicans a good place to stand. If a government shutdown eventuates because Reid won't put up extra cuts or because Obama wants to punt this issue until after the election, then they will incur massive blame from the voters.

"And remember one thing: Obama has no choice. He can't let default take place for two reasons: 1) It would make him look weak and hurt his presidency dramatically; and 2) It would be evident that the shutdown is not the disaster he has been predicting and he would be caught crying 'wolf.'

"Republicans should sit back, after passing the Boehner Plan and make the Democrats and the president come to them. Obama is stuck and Republicans should take advantage of his lack of maneuverability. They already have the key concession: Reid agreeing to a cuts-only approach. With that concession in their pockets, they should play a waiting game that Obama cannot match.

"Always remember that no matter how much the public may not like intransigence by House Republicans, it is Obama who is suffering by this issue. If Obama and Boehner turn off the public by their fencing and maneuvering, so be it. Obama is running for president and Boehner is not. Boehner can afford to take the hit. Obama can't."

Morris and McCann are right about Obama's predicament.

The debt limit battle is a game of chicken.

Wikipedia (http://en.wikipedia.org/wiki/Chicken_(game)):

"The game of chicken...is an influential model of conflict for two players in game theory.The principle of the game is that while each player prefers not to yield to the other, the worst possible outcome occurs when both players do not yield.

"The name 'chicken' has its origins in a game in which two drivers drive towards each other on a collision course: one must swerve, or both may die in the crash, but if one driver swerves and the other does not, the one who swerved will be called a 'chicken,' meaning a coward; this terminology is most prevalent in political science and economics."

Apparently Morris and McCann think that the Boehner plan must be passed because the Cut, Cap and Balance bill already passed by the House will not suffice as the move to bring Obama and Reid to the brink.

Wikipedia:

"'Chicken' and 'Brinkmanship' are often used synonymously in the context of conflict, but in the strict game-theoretic sense, 'brinkmanship' refers to a strategic move designed to avert the possibility of the opponent switching to aggressive behavior. The move involves a credible threat of the risk of irrational behavior in the face of aggression. If player 1 unilaterally moves to A, a rational player 2 cannot retaliate since (A, C) is preferable to (A, A). Only if player 1 has grounds to believe that there is sufficient risk that player 2 responds irrationally (usually by giving up control over the response, so that there is sufficient risk that player 2 responds with A) player 1 will retract and agree on the compromise."

It is obvious that President Obama wants a debt increase that will take him past Election Day 2012, but that's a personal political preference and he cannot rationally choose default and downgrading over the Boehner plan or pose as "the adult in the room" if he did.

The record shows that debt increases since 1960 have averaged significantly less than a year.

Kennedy (1961-1963) raised the debt ceiling 4 times.

Johnson (1963-1969) raised the debt ceiling 7 times.

Nixon (1969-1974) raised the debt ceiling 9 times.

Ford (1974-1977) raised the debt ceiling 5 times.

Carter (1977-1981) raised the debt ceiling 9 times.

Reagan (1981-1989) raised the debt ceiling 18 times.

George H.W. Bush (1989-1993) raised the debt ceiling 9 times.

Clinton (1993-2001) raised the debt ceiling 4 times.

George W. Bush (2001-2009) raised the debt ceiling 7 times.

Obama (2009- ) has raised the debt ceiling 3 times.

Michael J. Gaynor

Send email feedback to Michael J. Gaynor


Biography - Michael J. Gaynor

Michael J. Gaynor has been practicing law in New York since 1973. A former partner at Fulton, Duncombe & Rowe and Gaynor & Bass, he is a solo practitioner admitted to practice in New York state and federal courts and an Association of the Bar of the City of New York member.

Gaynor graduated magna cum laude, with Honors in Social Science, from Hofstra University's New College, and received his J.D. degree from St. John's Law School, where he won the American Jurisprudence Award in Evidence and served as an editor of the Law Review and the St. Thomas More Institute for Legal Research. He wrote on the Pentagon Papers case for the Review and obscenity law for The Catholic Lawyer and edited the Law Review's commentary on significant developments in New York law.

The day after graduating, Gaynor joined the Fulton firm, where he focused on litigation and corporate law. In 1997 Gaynor and Emily Bass formed Gaynor & Bass and then conducted a general legal practice, emphasizing litigation, and represented corporations, individuals and a New York City labor union. Notably, Gaynor & Bass prevailed in the Second Circuit in a seminal copyright infringement case, Tasini v. New York Times, against newspaper and magazine publishers and Lexis-Nexis. The U.S. Supreme Court affirmed, 7 to 2, holding that the copyrights of freelance writers had been infringed when their work was put online without permission or compensation.

Gaynor currently contributes regularly to www.MichNews.com, www.RenewAmerica.com, www.WebCommentary.com, www.PostChronicle.com and www.therealitycheck.org and has contributed to many other websites. He has written extensively on political and religious issues, notably the Terry Schiavo case, the Duke "no rape" case, ACORN and canon law, and appeared as a guest on television and radio. He was acknowledged in Until Proven Innocent, by Stuart Taylor and KC Johnson, and Culture of Corruption, by Michelle Malkin. He appeared on "Your World With Cavuto" to promote an eBay boycott that he initiated and "The World Over With Raymond Arroyo" (EWTN) to discuss the legal implications of the Schiavo case. On October 22, 2008, Gaynor was the first to report that The New York Times had killed an Obama/ACORN expose on which a Times reporter had been working with ACORN whistleblower Anita MonCrief.

Gaynor's email address is gaynormike@aol.com.


Read other commentaries by Michael J. Gaynor.

Copyright © 2011 by Michael J. Gaynor
All Rights Reserved.

[ Back ]


© 2004-2017 by WEBCommentary(tm), All Rights Reserved