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 By LEON HADAR WASHINGTON CORRESPONDENT 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 ma