Posted on 10/05/2013 4:24:45 PM PDT by smokingfrog
Never before has an American president threatened and risked the U.S. economy and financial markets the way Barack Obama has in recent days. For his own narrow political ends, Obama and his minions have actually accused the Republican Party of deliberately provoking a Treasury debt default because they don't agree with the president's position on the continuing budget resolution and the debt ceiling.
"As reckless as a government shutdown is ... an economic shutdown that results from default would be dramatically worse," Obama said Thursday. Clearly targeting Republicans, he said a default would be "the height of irresponsibility."
Then, on the same day, Obama's Treasury Department released a brutal statement that said a default would prove catastrophic, causing credit markets to freeze and leading to "a financial crisis and recession that could echo the events of 2008 or worse."
So who exactly in the Republican ranks is calling for a Treasury debt default? Who? The GOP disagrees with Obama on the budget and health care, but no Republicans have ever said they favor defaulting on the nation's debt.
What's going on here?
I have a strong suspicion that Obama and his troops are trying to provoke a massive selloff in stocks and bonds to further their political position. And a selloff like that could conceivably become a self-fulfilling prophecy, driving the economy into recession. Indeed, it could drive the whole global economy back into recession, since U.S markets are the epicenter of the world's system.
(Excerpt) Read more at cnbc.com ...
It’s Barry’s vicious gambit for winning the 2014 elections. Crash the markets and spend the next year blaming it on the Republicans.
I heard Kudlow for three hours earlier,10:00am-1:00pm on wabc am770 nyc,he was really on fire today. Really pissed at the dear leader.Concensus is zero will stop short of not paying the interest on the debt,at least Kudlow’s pet Jimmy P. makes that claim.
Another phony scandal.
“I have a strong suspicion that Obama and his troops are trying to provoke a massive selloff in stocks and bonds to further their political position.”
“Indeed, it could drive the whole global economy back into recession, since U.S markets are the epicenter of the world’s system.”
If true and if it occurs, what should be the penalty for those that engineered such a catastrophe?
this crew has cried wolf one too often
people just aren’t believing the garbage anymore
besides we are already in a depression, not a recession
Let’s start that conversation by acknowledging we aren’t going to deport 12 million illegal immigrants... bringing these workers out of the shadows and into being taxpaying members of society. Imagine 12 million people who are already here coming out of the shadows to become new taxpayers.12 million more people assimilating into society. 12 million more people being productive contributors. [but he’s not in favor of amnesty, snicker, definition of is is]
...by softening its edge on some volatile social issues and altering its image as the party always seemingly "eager to go to war... We do need to expand the party and grow the party and that does mean that we don't always all agree on every issue" ... the party needs to become more welcoming to individuals who disagree with basic Republican doctrine on emotional social issues such as gay marriage... "We're going to have to be a little hands off on some of these issues ... and get people into the party," Paul said.
Thanks smokingfrog.
Just today. everyone in my neighborhood got someone else’s mail. Wonder if this is the Post Office joining in the effort to make the shutdown as painful as possible (or maybe they just got a new gov’t drone delivering it).
Congress can still allocate no more than they did last year and pass resolutions preventing one fund from being used for another.
You all got each other’s junk mail? That gives me an idea of how to get rid of it. I’ll put it on the neighbor’s door steps with a note that they delivered it to the wrong address.
I’m going to withdraw some cash on Monday. I wouldn’t be surprised to see a run on the banks.
Hussein doesn’t know how to do anything else.
He doesn’t care what happens...he is a destroyer and has a mission to fulfill. It is his destiny he - is evil!
Has it occurred to anybody that this result just might be the objective that Obama seeks: the destroy the U.S. economy...utterly?
That it might be no misjudgment, no miscalculation, and instead be Obama's ultimate political objective.
Why the HELL did the United States give a hand-grenade to a monkey?
It sure doesn't involve a time-out on the Naughty Step.
That’s what the Iranians were saying last year. That’s the aim, to collapse the US economy.
Yes. Cloward Piven. Crash the system. It’s been the plan all along.
“If true and if it occurs, what should be the penalty for those that engineered such a catastrophe.”
There was no penalty for those who engineered the 2008 stock market meltdown during the middle of the election. Why would things be different for the next one?
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