Washington (CNN) – At this point during President Bill Clinton’s first term at the White House, he, too, was facing an enormous challenge from emboldened House Republicans, including the then new Speaker, Newt Gingrich. The Republicans had taken the House majority in 1994 with their Contract with America. There was a huge battle over spending, and the government was shut down for a few days. The American public largely blamed Gingrich and the Republicans. Clinton, the following year, was re-elected.
President Obama is now facing a huge challenge from emboldened House Republicans, including Speaker John Boehner. The stakes this time are much higher if the government actually were to default on its financial obligations.
President Obama should take President Clinton's advice and the raise the debt limit by using the 14th Amendment. Congress can't get the job done and that's the only option left. We can not default.
democrats need to get their head out their ass! republicans need to get there head out there ass! If they comprise and shove their head up the others asses maybe we can reach a deal! I have no faith in this government to reach a deal WE WILL GO INTO DEFAULT come Aug 2nd. We have typically been looked at as joke in other countries now i bet we will go from the number one super power to the number one idiots. I never wanted to vote because i didnt like either choice but come election im voting John Huntsman cause i believe he can turn this country around and he has the track record to do it and if most people had half a brain they should realize that the election has turned into false promises and a popularity contest. but i at least have faith in Huntsman and hopefully the rest of the us will to plus wasnt he working with china for his job at the White House.
It's not really about the economy at t his point, ,other than finding ways to make it work better for average Americans. The real story is, to paraphrase St. Ronny:
The GOBP is not part of the solution. The GOBP is the problem."
If we go into default everyone should be fired from congress
Clinton had been a Governor, law professor and Attorney General, Clinton had experience unlike Obama who had never ran any government division nor had any business or financial experience. Obama's work experience is that of neighborhood organizer. Clinton's work experience led him to be smart enough in letting Newt Gingrich handle the economy and the economy was very good for all of us thanks to Gingrich and Clinton.
Environment look like 1995 but lot of difference, in 1995 smart leaders they know how to play politics.
In 2011 new members not respecting their leaders and leaking the information to outside group that is huge problem. Out side group dominate very thing.
"It’s STILL the economy, stupid."
I don't think the Republicans heard you, Mr. Blitzer. They have their fingers in their ears and blinders over their eyes while they shout "No. No. No." They seem to think everything coming from the other side is evil. "Hear no evil. See no evil. Speak no evil." Change the word "evil" to "taxes" or "reason" or "compromise."
Until Congress sets severe tax penalties for US corporations importing their products from off shore, their will be NO RECOVERY POSSIBLE! The stock market may be good........but the unemployment will continue to be too high, for any recovery to be possible.
Economy?? WHAT economy??? Obama and the Democrats have just about destroyed it. They're totally clueless when it comes to the economy.