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May 19, 2013 -- Updated February 28, 2013 13:32 HKT

Bob Woodward, White House Threatened Me


paul@livetradingnews.com
Posted on: Feb 28th, 2013

Bob Woodward, White House Threatened Me

Bob Woodward said Wednesday that a “very senior person” in the Obama White House told him “you will regret” faulting the Obama administration for the present fight over sequestration.

“It was said very clearly: ‘you will regret doing this,’” Mr Woodward said on at TV interview. “I’m not going to say who, a very senior person. It makes me very uncomfortable to have the White House telling reporters you are going to regret doing something you believe in.”

In an Op-Ed piece published on the weekend, Mr. Woodward accused the Obama administration of inventing the sequester, and then of “moving the goal posts” by saying any deal had to include new revenue along with the agreed upon cuts.

Democrats argue that the sequester was an last-ditch effort out from the Y 2011 debt-ceiling fight instigated by Republicans, and that since it was never meant to be implemented, it is not moving the goal posts to try and replace it with spending cuts and additional revenue.

“I think if Barack Obama knew that was part of the communications strategy, let us hope it is not a strategy, but just a tactic he is employing, he would say, ‘look, we do not go around trying to say to reporters if you in an honest way present something that we do not like, you are going to regret this,’” Mr. Woodward continued. “It’s Mickey Mouse.”

A White House official said Woodward misconstrued the exchange and that “no threat was intended.”

“Of course no threat was intended,” the aide said. “As Mr. Woodward noted, the email from the aide was sent to apologize for voices being raised in their previous conversation. The note suggested that Mr. Woodward would regret the observation he made regarding the sequester because that observation was inaccurate, nothing more. And Mr. Woodward responded to this aide’s email in a friendly manner.”

It’s the latest turn in the souring relationship between the White House and Bob Woodward.

Early Wednesday, Mr. Woodward called the president’s sequester strategy “Madness,” saying a stronger leader would merely circumvent the Budget Control Act.

And at the height of the Y 2012 election, the White House was on the defensive after Republicans seized on Mr. Woodward’s book, “The Price of Politics,” as evidence President Obama was in over his head on the economy.

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 Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

 

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