John Ransom

Obama finally solved the budget crisis the White House really cares about yesterday when he announced that he hauled in $86 million in campaign contributions for the three months ended June 30th.

The budget crisis facing the rest of us?

Obama’s really mad at the rest of us because we are all acting very immaturely by withholding a blank check for the bills he’s run up.  

The White House reacted to the breakdown in budget talks at the White House yesterday in characteristically ironic fashion: They scolded Republican Whip Eric Cantor’s “juvenile behavior” after Obama stormed out of debt negotiations, saying that Cantor must "let the grown-ups get to work."

Earlier this week the Leave-it-to-Beaver president told us all we’d have to “eat our peas,” like good children, when the GOP didn’t cave in by giving him his most cherished goal: tax increases and more tax increases.  

Clearly the GOP hates Santa Claus, puppies, nuns, children, all animals you can’t eat, flowers and clean running water.   

Word from the White House is that Obama’s considering grounding us all and taking away our cell phones for a year to force the GOP back to the negotiating table.

If that doesn’t work, Obama has vowed that “he’ll turn this economy right around” if we don’t start sitting up straight.

“When President Obama took an active role in the talks aimed at addressing the nation’s debt ceiling, the tone he used to describe the closed-door negotiations…was a marked departure from his campaign theme of Hope and Change,” writes Steve Berglas on Forbes blog.

“Now, since realizing that the buck stops on his desk, he is chiding, critical, and quite pessimistic. Obama’s once wildly optimistic promises have been replaced by threats…. His first order of business…was to reprimand Democrats and Republicans as though they were behaving like unruly, obstreperous children, in not agreeing to a plan that would put us deeper in debt.”  

Word to the O’man:

It’s one thing to try to act like an adult in the room, but when you try to act like the only adult in the room by holding your breath and stomping your feet, your cover’s been blown.

John Ransom

John Ransom is the Finance Editor for Townhall Finance, host of Ransom Notes Radio and you can catch more of the best money advice and monetary commentary by him daily 10am PT, 1pm ET at or on Comcast Cable