Skip to comments.Obama says debt ceiling crisis hurt economy
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 ...
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.
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.
Excuses, excuses, excuses.
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”??
“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.”
“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.
of course, everything since Genesis is Bushs’ Fault. And those nasty wasty Wepublicans of course!
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.
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.
The crisis is in the pudding.
The economy was damaged by ,The mindless democrat meddling, starting in 07.
Right on its not Obama’s crappy policys ,no way his ideas are gold I tell ya gold!
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.
You got it right. Typical dictator speak when he knows he owns the entire mess now.
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.
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!
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?
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