Posted on 08/08/2011 3:47:45 PM PDT by tobyhill
What should a U.S. president say to stop stock markets from falling and reassure Americans that the country will be able to solve its debt and deficit problems?
President Barack Obama's first public comment about Standard & Poor's downgrade of U.S. debt to AA-plus from the top-notch AAA was not enough to stop a market plunge of 600 points, with investors uncertain if Washington can overcome political gridlock.
Here is a look at what Obama tried to achieve:
* Reassurance. Obama wanted to underscore to Americans that the United States remains the economic envy of the world despite the credit downgrade and will work its way through its fiscal problems.
"Markets will rise and fall, but this is the United States of America. No matter what some agency may say, we've always been and always will be AAA country," he said.
* Persuasion. Obama sought to use the S&P downgrade to his advantage in a long-running dispute with congressional Republicans over how best to stem Washington's red ink.
(Excerpt) Read more at reuters.com ...
You know, It wasn’t all that long ago that some very senior moderate dhims and a well respected journolist or two would have already stepped in and told zero to get your shit together now or you’re fired, but I forgot that both of those species have gone the way of the do-do.
What is even more startling is that the entire scumbag dhim party looks like they’re ready to take the leap off the cliff along with him, something that corrupt career pols never do.
The question should be “Dose he want to fix what he broke”? My guess the is “NO”. Soros will make to much money off of this as he did in England when he crashed their Pound.
During the drop last week, they listed the top 10 with everyone going after Bush. What was this drop in the eyes of the RATS?
“What should a U.S. president say to stop stock markets from falling and reassure Americans that the country will be able to solve its debt and deficit problems?”
I quit!!!
That’s because he has to continually swivel his head from one teleprompter to another. I can’t recall seeing him look the American people in the eye.
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