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 ...
Take this to the bank. Obama is an expert at hurting the economy.
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.
Obama has hurt... and will hurt the economy!
Nothing can be Obama’s fault, ABSOLUTELY NOTHING.
I have a fishermans tee shirt with these type of excuses on them, for not catching fish.
Can I say it? I’m pretty sure it’s Bush’s fault.
There, fixed it.
Hussein has hurt the economy.
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.
You and leftists have hurt the economy Bambam
How on Earth would Mr. Obama know that?
He couldn’t open a tin of sardines.
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.
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.
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.
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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.
Don’t tell me he is accepting responsibility! After all, he and Reid are the ones who created the crisis!
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?
Every time he insults our intelligence, he calls his own into further legitimate question.
He’ll try to blame Tea Party people now. It just cant be his fault
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