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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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1 posted on 08/03/2011 12:57:03 PM PDT by Justaham
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To: Justaham

Take this to the bank. Obama is an expert at hurting the economy.


2 posted on 08/03/2011 12:58:51 PM PDT by The Iceman Cometh (Proud Teabagging Terrorist Hobbit)
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To: Justaham

He’s an idiot. If there is to be an effect, we won’t know about if for at least three months, if not six. He really does assume everyone in the room is a blithering idiot.

One hopes it isn’t just projection, of course.


3 posted on 08/03/2011 12:58:57 PM PDT by BelegStrongbow (St. Joseph, patron of fathers, pray for us!)
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To: Justaham

Obama has hurt... and will hurt the economy!


4 posted on 08/03/2011 12:59:19 PM PDT by lonestar (It takes a village of idiots to elect a village idiot.)
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To: Justaham

Nothing can be Obama’s fault, ABSOLUTELY NOTHING.


5 posted on 08/03/2011 12:59:33 PM PDT by Gator113 (Palin 2012, period.....)
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To: Justaham

I have a fishermans tee shirt with these type of excuses on them, for not catching fish.


6 posted on 08/03/2011 12:59:47 PM PDT by duckman (Herman 2012 Zero's night mare.)
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To: Justaham

Can I say it? I’m pretty sure it’s Bush’s fault.


7 posted on 08/03/2011 1:01:20 PM PDT by mojito
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To: Justaham
Obama says debt ceiling crisis hurt economy

There, fixed it.

8 posted on 08/03/2011 1:02:10 PM PDT by b4its2late ("Pray for Obama. Psalm 109:8")
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To: Justaham

Hussein has hurt the economy.


9 posted on 08/03/2011 1:02:39 PM PDT by bgill
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To: BelegStrongbow

Guess the Wizards of Washington have finally decided that the Blame Bush meme was getting threadbare, so they had to come up with a new pitch.

....all I’m hearing so far is [crickets].....

The Boyz might find that this one is a tad bit more lame than the last.


10 posted on 08/03/2011 1:02:42 PM PDT by Unrepentant VN Vet ((535 and a wakeup) Truth, I know, always resides wherever brave men still have ammunition.)
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To: Justaham

You and leftists have hurt the economy Bambam


11 posted on 08/03/2011 1:02:58 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Justaham

How on Earth would Mr. Obama know that?

He couldn’t open a tin of sardines.


12 posted on 08/03/2011 1:03:15 PM PDT by RexBeach (Mr. Obama can't count.)
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To: Justaham

Lighten up Barry! The economy has been going downhill since you took the reigns of power. “Spreading the wealth around” (Socialism) has failed everywhere it has been tried.


13 posted on 08/03/2011 1:03:39 PM PDT by FlingWingFlyer (Americans need to wean their government off of its dependence on foreign money.)
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To: Justaham

Sounds like the aviation impasse is due to the dim Senate refusing to allow the house amendment to eliminate the insane stupid subsidy to small airports. Once again, the part of the government that does not work is the part dominated by inflexible dims that can’t adapt to the real fiscal environment, but continuing to live in denial. They will not bend, so they will break.


14 posted on 08/03/2011 1:04:37 PM PDT by throwback ( The object of opening the mind, as of opening the mouth, is to shut it again on something solid)
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To: Justaham

Airlines were collecting fees but not turning them over to the government as a result of the partial shutdown, which could lead to $1 billion in lost revenue, Obama said.

*******************************************************

I could swear I heard him say on an Audio that the fees amounted $200 million a week and represent a trillion dollar loss.

And I’m thinking WTF? No way those fees add up to those numbers.


15 posted on 08/03/2011 1:05:43 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: Justaham

Don’t tell me he is accepting responsibility! After all, he and Reid are the ones who created the crisis!


16 posted on 08/03/2011 1:05:53 PM PDT by Paperdoll ( NO MORE BUSHS!)
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To: Justaham

OBAMA LIES!

There is LOTS we can do about oil prices. How come no one bothers to call him on this stuff?

What happened to blaming Bush?


17 posted on 08/03/2011 1:06:49 PM PDT by cableguymn
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To: Justaham
Everything this impostor says sounds like it comes from the script of the Twilight Zone.
18 posted on 08/03/2011 1:07:44 PM PDT by ohioWfan (Proud Mom of a Bronze Star winner!)
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To: BelegStrongbow
He really does assume everyone in the room is a blithering idiot.

Every time he insults our intelligence, he calls his own into further legitimate question.

19 posted on 08/03/2011 1:09:07 PM PDT by Maceman (Obama: As American as nasei goreng)
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To: mojito

He’ll try to blame Tea Party people now. It just cant be his fault


20 posted on 08/03/2011 1:10:06 PM PDT by tsowellfan (Let's make the 2012 campaign: "The War on Error")
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