But now says that not raising the Debt Ceiling while he is the President would cause crisis that could lead to catastrophe. Robert Gibbs has an answer though, His vote meant nothing, it was going to pass anyway.
On Sunday, President Obama’s top economic adviser, Council of Economic Advisers chair Austan Goolsbee, cautioned members of Congress not to “play chicken” by voting against raising the $14.3 trillion debt ceiling – despite the fact that as a senator in 2006, President Obama voted that way.
“I don’t see why anybody’s talking about playing chicken with the debt ceiling,” Goolsbee told me on ABC News’ THIS WEEK. “If we get to the point where you’ve damaged the full faith and credit of the United States, that would be the first default in history caused purely by insanity.”
Goolsbee said a failure to raise the debt ceiling would cause “a worse financial economic crisis than anything we saw in 2008…This is not a game. The debt ceiling is not something to toy with.”
Four year ago, however, then-Sen. Barack Obama, D-Ill., voted the exact way President Obama is now cautioning senators not to do.
via Gibbs: Senator Obama Only Voted Against Raising Debt Ceiling in 2006 Because He Knew It Would Pass Anyway – Political Punch.
Gibbs: Obama only voted against raising the debt ceiling in 2006 because he knew his vote wouldn’t matter
The funniest line? Gibbsy insisting that The One voted no at the time to send the message that we need to “get serious about fiscal discipline.” Barack Obama and fiscal discipline: Perfect together. Why, he’s like the very first tea partier, isn’t he?
Give Gibbs credit for honesty on this one, though. The One took plenty of votes during his brief layover in the Senate that were aimed squarely at polishing his record for a presidential run down the road. The one on the debt ceiling was aimed at centrists; the votes against Roberts and Alito were aimed at his base. And sometimes, when he couldn’t decide whom to pander to, he just voted present as he’s wont to do.
via Gibbs: Obama only voted against raising the debt ceiling in 2006 because he knew his vote wouldn’t matter « Hot Air.