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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
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To: Justaham

I’m sorry, Hussein, but the ruined-economy ship sailed long before the debt ceiling ruckus. In fact, you were at the helm of the ship.”


41 posted on 08/03/2011 1:41:59 PM PDT by MayflowerMadam
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To: BelegStrongbow

He really hasn’t a clue, but, unfortunately, his followers are even more clueless.


42 posted on 08/03/2011 1:48:26 PM PDT by madinmadtown (Marx, the patron saint of blame, envy and destruction.)
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To: Justaham

Hey Obama,

You’re a Liar.
We’re throwing you out of office soon, you twit.

Regards,
The people of the USA


43 posted on 08/03/2011 1:49:14 PM PDT by NowApproachingMidnight (purple durple lips)
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To: Justaham

He says over things “we can’t control”. And that’s the problem. The government controls too much. But the lib socialists want it to control everything.


44 posted on 08/03/2011 1:50:31 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: Justaham

retard, he trumped up the date. Pathetic, simply pathetic.


45 posted on 08/03/2011 1:57:41 PM PDT by vpintheak (Democrats: Robbing humans of their dignity 1 law at a time)
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To: Gator113

He is insane.


46 posted on 08/03/2011 2:13:28 PM PDT by Dubya-M-DeesWent2SyriaStupid! (It is possible to both promote Palin and support Bachmann at the same time, ya know.)
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To: Justaham
"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.

Which set does the pointless war in Libya we've been dragged into belong to? Things we couldn't control because the Euros decided to try to push Gadaffi out, or the one we could control because we decided to join them?

47 posted on 08/03/2011 2:15:19 PM PDT by KarlInOhio (The Repubs and Dems are arguing whether to pour 9 or 10 buckets of gasoline on a burning house.)
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To: Dubya-M-DeesWent2SyriaStupid!

Criminally insane.


48 posted on 08/03/2011 2:16:11 PM PDT by Gator113 (Palin 2012, period.....)
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To: Justaham

“Pass The Buck” Obama strikes again. Is there any excuse he hasn’t used?


49 posted on 08/03/2011 2:38:48 PM PDT by truthkeeper (Vote Against Barack Obama in 2012!)
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Click Florida

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50 posted on 08/03/2011 2:47:19 PM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list.)
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To: Justaham

The guy is so intellectually challenged he doesn’t understand economics, and the fact his policies have scared investors away, have seriously scared the world, and the lack of an economic plan that’s recognizable by any expert, will destroy this country.


51 posted on 08/03/2011 3:04:48 PM PDT by FLCowboy, (And people thought Jimmy Carter was our worst president........)
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To: Justaham

No Obama ... you and the Dems hurt the economy!


52 posted on 08/03/2011 3:20:54 PM PDT by SandRat (Duty - Honor - Country! What else needs said?)
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To: RexBeach

No - He is offering us ... “World Peas”

The next time you see a can of sardines, check out the country of origin. Even American sardines may be caught by American fishermen , but processed through foreign companies who “own” the American fishery through “Catch Shares”, promulgated through NOAA/ Dept. of Commerce.

The “debt crisis” was manufactured ~ and still another lie !


53 posted on 08/03/2011 4:18:32 PM PDT by Tilted Irish Kilt (We need STATESMEN ,.. and not more flash-mob politicians !!)
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To: Justaham

Everytime he opens his mouth he hurts my head, I’m suing like he’s now suing Alabama for their illegal alien laws. Can all of us with anger and head aches from listennig to his lies sue him? Call it “Left Brained Pseudologia Fantastica Obamitis/severe.”


54 posted on 08/03/2011 4:57:14 PM PDT by Karliner ("...It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” WC)
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To: Justaham

The AnointedIdiot is truly a clueless idiot.

We should sue the libtard progressive Dems for a false bill of goods given they lied when they proclaimed that the AnointedIdiot was the smartest POTUS we ever had. =.=


55 posted on 08/03/2011 5:13:01 PM PDT by cranked
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To: Justaham
Obama... Wanna see what hurt the economy?

Take a good long look....

There it is....

It is YOU!

56 posted on 08/03/2011 5:16:01 PM PDT by Alas Babylon!
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