With both sides far apart, House majority leader Eric Cantor advocated for a smaller package to get past the looming Treasury deadline and calm the markets:
That’s when Cantor said he would be willing to abandon his own insistence on having just one vote on the debt ceiling if they could agree to a smaller package of cuts in exchange for a shorter-term hike that would require another increase before the 2012 election.As Charles Krauthammer noted, "long-term" planning for this President is one day after Election Day. So, no, we can't have another vote that might put Obama on the spot again.
But Obama said he wouldn’t do the debt-limit increase incrementally and that he would veto a short-term bill.“That’s when he got very agitated,” Cantor told reporters.“Obama lit him up. Cantor sat in stunned silence,” said an official in the meeting. “It was incredible. If the public saw Obama he would win in a landslide.”
And there's your White House mentality on bald display. Job #1: Getting Obama re-elected. Job #2: everything else.
Extra - Hot Air: "I don't want to get my hopes up but we might be in store for another 45-minute lecture tomorrow on corporate jets." Oh boy.