Kudlow: Obama’s reckless default fear-mongering

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.

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.

In the News/Activism forum, on a thread titled Kudlow: Obama’s reckless default fear-mongering, smokingfrog wrote:
Obama Doesn’t Rule Out Using 14th Amendment To Raise The Debt Limit
During his radio Satcast Kudlow openly speculated that Obama would unilateraly raise the debt limit....

Here’s Obama’s leverage to pull that off

Pick on some security guard who’s doing his job and make him expendable. Time to employ propaganda devices. Emphasize that white jews last name! . Call that surveilance “stalking”!, The area he’s patrolling “public access” area not gated “owned by rich whiteys”,never mention the guard is part african and dark skinned.. Depict that person he’s watching a 10 year old black kid (show picture) a “victim” and a saint. Not a six foot 160 pound 16 year old, “who was killed in cold blood” and not who was killed fighting over a gun..The episode was given the full hyperbolic treatment which lasted for months and the results are clear..

You will never see a true or false poll conducted in black districts asking if they beleive the Zimmerman attacker a Travon Martin was the following : a “victim”,” in a white neighborhood”,” ill-legally stopped” ,”accosted”, and “shot in cold blood” . My guess is 80 % would respond “true”. Since this barrage of propaganda black youths have been using these devices as their excuse even citing the “victims” first name Innocent whites, hispanics and asiains being murdered because of the inflamatory rhetoric composed of lies and missconceptions being driven by the regime and its supporters in the media begun by the President of the United States.. Obama never disassociated himself from it, nor discouraged it.and the reasoning behind it ?

Well, he can’t. He was using lies and fabrications painting a target on that security guards back when he geared up his black base .Ain’t that neat ? What better way to discourage any investigation into malfeasance and corruption by organizing the base for riots in the streets ? Think it’s too far fetched ? Think it’s not working ? Look again http://www.freerepublic.com/focus/f-news/3051558/posts

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