“...this president is literally using this press conference to create a financial panic over the weekend about the opening of the markets on Monday.”
The man-boy who cried wolf. LOL!
Obama could do something that no one expects:
A) Totally cave and allow cuts which would be bullish.
B) Intentionally default and cause a market crash.
Just think how much this info would be worth to major financial players, e.g., Soros. Obama could tip them off at the last minute and they could make many billions. Or he could intentionally whipsaw the markets by changing his mind and Soros, et al, could make even more.
With a payoff this big he could collect the bribes later and live like the Sultan of Brunei.