Showing posts from July 26, 2011

Widening ideological differences

Business Times - 27 Jul 2011

Widening ideological differences

Clashing TV addresses indicate that while Obama is calling for compromise, Boehner is preparing for confrontation


US PRESIDENT Barack Obama remained his usual cool self - and yet sounded a bit combative - during a brief televised address to the nation on Monday night, warning voters that Congress was at a 'stalemate' over raising the federal debt ceiling. He called on them to put pressure on their elected representatives to come up with a compromise that would avoid the possibility of a devastating default, and allow the federal government to continue borrowing money to pay its debts after Aug 2.

'America, after all, has always been a grand experiment in compromise,' President Obama said, as he invoked several Democratic and Republican presidents, including Ronald Reagan - the political icon of conservative Republicans who had raised the debt ceiling and made deals on managi…