Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Obama says debt ceiling crisis hurt economy
Reuters ^ | 8-3-11

Posted on 08/03/2011 12:57:00 PM PDT by Justaham

The U.S. debt ceiling crisis had an unnecessary negative impact on the economy, President Barack Obama said on Wednesday, while a congressional impasse over aviation could cost the government $1 billion in lost revenues.

Obama signed legislation into law on Tuesday that would raise the U.S. debt ceiling and cut spending, averting a default hours before a deadline.

"The economy is still weakened, partly because of some things we couldn't control like the Japanese earthquake and the situation in Europe as well as the Arab Spring and its effect on oil prices," Obama told reporters at the White House at the beginning of a meeting with his Cabinet on Wednesday.

"Unfortunately the debt ceiling crisis over the last month, I think, has had an unnecessary negative impact on the economy ... as well," he said.

Obama said a disagreement in Congress that has led to a partial shutdown of federal aviation programs was another example of how work in Washington can have an adverse effect on the economy.

He urged lawmakers to settle their differences by the end of the week.

(Excerpt) Read more at reuters.com ...


TOPICS: Front Page News; News/Current Events
KEYWORDS: crybabybarry; golf; highunemployment; kingofthedeficit; munchhausenbyproxy; notaxes4dnc; obamadepression; obamaeconomy; obamalaise; obamarecession
Navigation: use the links below to view more comments.
first previous 1-2021-4041-56 next last
To: Justaham

No Zero, Decades of out of control spending has brought us this doom. All u DC Hacks did was punt solving the crisis down the road.
But there ain’t much road left.


21 posted on 08/03/2011 1:10:39 PM PDT by tennmountainman
[ Post Reply | Private Reply | To 1 | View Replies]

To: Justaham

Ahem, you started it, Mr. President.
You spent, and spent, and spent.
You wanted still more money.
You set the arbitrary deadline.
You stomped out of negotiations that some said were going well.
You demanded your way.
You demeaned those who cautioned restraint.
You held press conferences and whined, and whined, and whined.
You have talked the economy into the ditch.
You have terrified business owners, homeowners and investors.
You have terrified the sick and the elderly.
You own the economy.


22 posted on 08/03/2011 1:10:47 PM PDT by Wiser now (Socialism is the greed of the poor and the polticians who exploit them.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Justaham

Excuses, excuses, excuses.


23 posted on 08/03/2011 1:11:31 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Justaham

did anyone remind ayatollah obama how less than a week ago he and his party were upset Wall Street was not in a big panic over this “manufactured crisis”??

http://www.cnbc.com/id/43943482


24 posted on 08/03/2011 1:12:29 PM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Justaham

“It’s not my fault.”

“Really, it’s not my fault.”

“Don’t blame me for this.”

“Whatcha lookin’ at me for?”

“I didn’t do nothing.”


25 posted on 08/03/2011 1:13:53 PM PDT by Zeppo ("Happy Pony is on - and I'm NOT missing Happy Pony")
[ Post Reply | Private Reply | To 1 | View Replies]

To: FlingWingFlyer
Who said this:

“Now is not the time for profits” .... during a recession.

A. Joe Stalin.
B. Jimmy Carter.
C. Karl Marx.
D. Barak Obama.
E. Robert Mugabe.
F. Fidel Castro.
G. Hugo Chavez.
H. Vladamir Putin.

26 posted on 08/03/2011 1:13:58 PM PDT by PA-RIVER
[ Post Reply | Private Reply | To 13 | View Replies]

To: mojito

of course, everything since Genesis is Bushs’ Fault. And those nasty wasty Wepublicans of course!


27 posted on 08/03/2011 1:14:30 PM PDT by bigbob
[ Post Reply | Private Reply | To 7 | View Replies]

To: BelegStrongbow
"He really does assume everyone in the room is a blithering idiot."

Unfortunately he's not far off the mark in that. So many Government educated citizens truly don't have a clue about the reality of any given situation. They actually believe the BS the MSM shoves down their throats on a daily basis. Remember news for most of these folks consists of a quick glance at the headlines or maybe a snippet or two from a sound byte. Obama and the Communists are all too aware of this and their comrades in the MSM make sure they put out this BS with that in mind.

28 posted on 08/03/2011 1:16:58 PM PDT by Graneros ("It is no exaggeration to say that the undecided could go one way or another.")
[ Post Reply | Private Reply | To 3 | View Replies]

To: FlingWingFlyer

It would save our kids the problem of worrying about this if the country just outlawed Socialism and Communism. We need another McCarthy. Consider the number of Communists in Washington today.


29 posted on 08/03/2011 1:17:13 PM PDT by RC2
[ Post Reply | Private Reply | To 13 | View Replies]

To: Justaham

The crisis is in the pudding.


30 posted on 08/03/2011 1:17:39 PM PDT by Berlin_Freeper
[ Post Reply | Private Reply | To 1 | View Replies]

To: Justaham

The economy was damaged by ,The mindless democrat meddling, starting in 07.


31 posted on 08/03/2011 1:21:57 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Justaham

Right on its not Obama’s crappy policys ,no way his ideas are gold I tell ya gold!


32 posted on 08/03/2011 1:24:09 PM PDT by linn37
[ Post Reply | Private Reply | To 1 | View Replies]

To: Justaham
Oh, you mean like this?

Photobucket

“It was planned this way. Ohh, Mr. Soros will be sooo pleased!”

33 posted on 08/03/2011 1:25:45 PM PDT by Dick Bachert (The 2012 election is coming. Seems we have MORE TRASH TO REMOVE!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Justaham

No worries...he will start blaming Bush again next week. This POS illegal in our White House has never taken credit for anything
negative and always puffs himself up when anything positive happens. He is a child screwing up an adults job.


34 posted on 08/03/2011 1:26:09 PM PDT by soycd
[ Post Reply | Private Reply | To 1 | View Replies]

To: Zeppo

You got it right. Typical dictator speak when he knows he owns the entire mess now.


35 posted on 08/03/2011 1:28:43 PM PDT by toolman1401
[ Post Reply | Private Reply | To 25 | View Replies]

To: duckman

HAHAHAA! Hiliarious!


36 posted on 08/03/2011 1:28:43 PM PDT by MNDude (so that's what they meant by Carter's second term)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Justaham
Like everything else with this a-hole, BS
37 posted on 08/03/2011 1:33:16 PM PDT by A message
[ Post Reply | Private Reply | To 1 | View Replies]

To: Maceman

I’m still waiting to learn what classes he might have taken at Occidental (much less Columbia College or Harvard). I bet I’m more educationally qualified than he is.


38 posted on 08/03/2011 1:33:47 PM PDT by BelegStrongbow (St. Joseph, patron of fathers, pray for us!)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Justaham
Obama always plays the Blame Game. Everything hurts the economy, according to him. That is because he does not know what to do or how to fix it.

If we were being led well, no blame on the fighting over the debt limit, the earthquakes, tsunamis, hurricanes, etc. would ever be needed. Our economic status used to be strong, and we could endure those things - and even be able to help other countries without feeling a crunch.

The Blame for our dead economy is OBAMA...period. It might have been injured before...but Obama killed it!

39 posted on 08/03/2011 1:36:37 PM PDT by CitizenM (He who is silent is understood to consent)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Graneros

No argument from me, though I suspect that the issue really does boil down to whether he can convince more than half of the 20% in the middle that he’s got goodies for them and so should be confirmed. 40% of us are permanently alienated. 40% of us depend directly on his booty (shake yer booty, Obammy!). It’s the middle that makes the difference.

Only question: will enough of the enslaved vote to overcome the combination of the other two?


40 posted on 08/03/2011 1:41:21 PM PDT by BelegStrongbow (St. Joseph, patron of fathers, pray for us!)
[ Post Reply | Private Reply | To 28 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-56 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson