How the Debt Deal Got Done

And how Californias education policy was hijacked to mandate teaching gay history in public schools width=147By Gary L. Bauer Texas Insider Report: WASHINGTON D.C. House Speaker John Boehner twice walked out of the negotiations because as he stated he felt like he was trying to nail Jell-O to the wall. We are learning more about how the debt limit deal got done. One thing is clear presidential leadership did not prevent a default. In fact a report yesterday hints that the White House nearly caused one.   In retaliation Nancy Pelosi was instructed by the White House to not participate in a scheduled conference call with Boehner and Senate leaders Reid and McConnell. Without Pelosis participation Reid backed out and the call was eventually canceled. Thus at the same time the president was demanding action administration officials blew up the negotiations. Congressional leaders evidently got tired of being played by the White House. Consider this excerpt:
Later that day the four leaders met with Obama at the White House. At one point … the Democratic and Republican leaders asked Obama and his aides to leave the room to let them negotiate. A tentative deal was subsequently struck but Obama privately threatened to veto it…
According to The Hill Speaker John Boehner asked the networks to broadcast his response to Obamas address to the nation on July 25th. The request width=180reportedly infuriated the White House. For example on the morning of Monday July 25th Obama endorsed a plan by Senate Democrat Leader Harry Reid that did not have any tax increases. But in his address to the nation later that night Obama demanded that tax hikes be part of any deal. That led one liberal pundit at CNN to comment nobody today is talking about tax increases except Barack Obama. Rollback Job-Killing Regulations Kudos to Senator John Barrasso (R-WY) who is leading the fight in Congress to roll back job-killing regulations. This week the senator released a report noting that the federal bureaucracy had issued more than 600 new rules and regulations with an estimated cost of nearly $10 billion -- in the past month alone! Let me give you one example. Dendreon is a Seattle-based pharmaceutical company that spent 15 years developing a promising treatment for prostate cancer. So promising in fact that JP Morgan labeled the company our top pick for 2011. But after years of clinical trials and years of jumping FDA hoops the company is on the ropes. Like many cancer treatments Dendreons drug must be administered at a doctors office and it is expensive. So expensive that the doctors office essentially has to take out a short-term loan to purchase the drug up front. But width=107because of the Medicare bureaucracy many doctors are not prescribing Dendreons drug because they are afraid they wont get reimbursed or that it will take forever. As a result Dendreon dramatically scaled back its sales projections. Yesterday the companys stock lost 62 of its value. Investors lost more than $3 billion. Dendreon announced that layoffs were coming. That translates into lost revenue for the government because the investors wont be selling the stock and reporting capital gains. Not to mention the loss of revenue from the soon-to-be unemployed workers. This company was built on innovation and risk taking. It is being driven into the ground by needless bureaucracy. This is a huge problem hindering Americas economic recovery. Producers are being destroyed by the parasite of Big Government. The Gay Agenda The outsized influence of a small minority was on full display recently. Listening to the liberal media you might think Im referring to the Tea Party forcing President Obama to accept a debt limit deal with no tax hikes. But the media collectively yawned when radical extremists hijacked Californias educational policy and mandated the teaching of gay history to public school width=71students. To learn more read my op-ed in todays Washington Times. Gary Bauers daily "End of Day Report" email newsletter is delivered via American Values.
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