Just might be the dumbest statement by President Obama yet...

Discussion in 'Economy' started by iamwhatiseem, Jul 8, 2011.

  1. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    14,818
    Thanks Received:
    3,114
    Trophy Points:
    260
    Location:
    Virginia
    Ratings:
    +6,098
    Today...our President stated...you better be sitting down...that one of the reasons businesses are not hiring is because they are afraid the government won't lift the debt ceiling.

    no...seriously...he said that.
    No...no..not trolling or just making a joke...he actually said this.
     
    • Thank You! Thank You! x 1
  2. Greenbeard
    Offline

    Greenbeard Gold Member

    Joined:
    Jun 20, 2010
    Messages:
    6,809
    Thanks Received:
    1,200
    Trophy Points:
    200
    Location:
    New England
    Ratings:
    +1,323
    This is the first time you're hearing an argument that uncertainty is inhibiting hiring? That's been one of the pillars of the GOP's economic message for the last few years.
     
    • Thank You! Thank You! x 1
  3. Modbert
    Offline

    Modbert Daydream Believer Supporting Member

    Joined:
    Sep 2, 2008
    Messages:
    33,178
    Thanks Received:
    2,957
    Trophy Points:
    48
    Ratings:
    +2,962
    How is that unreasonable?
     
  4. California Girl
    Offline

    California Girl BANNED

    Joined:
    Oct 8, 2009
    Messages:
    50,337
    Thanks Received:
    8,960
    Trophy Points:
    0
    Ratings:
    +8,965
    :lol:

    He has a sense of humor.... the shovel ready projects not being quite as shovel ready as he thought wasn't funny, but this.... yep. This is some funny shit.
     
    • Thank You! Thank You! x 1
  5. kiwiman127
    Offline

    kiwiman127 Comfortably Moderate Supporting Member

    Joined:
    Oct 19, 2010
    Messages:
    8,412
    Thanks Received:
    2,580
    Trophy Points:
    315
    Location:
    4th Cleanest City in the World-Minneapolis
    Ratings:
    +3,839
    I hate to post this but he may have a point.

    Chamber, GOP Butt Heads on Debt Ceiling
    Chamber, GOP Butt Heads on Debt Ceiling - US News and World Report

    Letter from business groups: Raise debt limit before stock market 'disarray'
    Letter from business groups: Raise debt limit before stock market 'disarray' - TheHill.com

    Raising the debt ceiling is critical for small business
    Raising the debt ceiling is critical for small business - USATODAY.com

    On debt limit, business lobby sides with Obama

    On debt limit, business lobby sides with Obama | StarTribune.com

    Business Groups to Congress: ‘Raising Debt Ceiling Is Critical’.
    Business Groups to Congress: ‘Raising Debt Ceiling Is Critical’ - Washington Wire - WSJ
     
    • Thank You! Thank You! x 1
  6. flacaltenn
    Offline

    flacaltenn USMB Mod Staff Member Gold Supporting Member

    Joined:
    Jun 9, 2011
    Messages:
    30,026
    Thanks Received:
    4,653
    Trophy Points:
    1,130
    Location:
    Hillbilly Hollywood, Tenn
    Ratings:
    +13,343
    Whoa... GreenBeard may have a point.. Since Obama is the chief hostage-taker of the economy, he's intimately familiar with the tactic of uncertainty. And he's jealous that the GOP is now stealing his act..

    More partisian horseplay that I don't have to defend... Thank God..
     
  7. Modbert
    Offline

    Modbert Daydream Believer Supporting Member

    Joined:
    Sep 2, 2008
    Messages:
    33,178
    Thanks Received:
    2,957
    Trophy Points:
    48
    Ratings:
    +2,962
    Debate over raising debt ceiling plays with explosives, says Wall Street - TheHill.com

    S&P Would Lower U.S. Credit Rating to D on Failure to Increase Debt Limit - Bloomberg

    I guess it was only okay when the GOP kept hammering over and over in 2010 that economic uncertainty thanks to the Obama Administration actions are the reason why businesses aren't hiring.
     
    • Thank You! Thank You! x 1
  8. Modbert
    Offline

    Modbert Daydream Believer Supporting Member

    Joined:
    Sep 2, 2008
    Messages:
    33,178
    Thanks Received:
    2,957
    Trophy Points:
    48
    Ratings:
    +2,962
    Some people don't seem to realize the implications that not raising the debt ceiling would have. As I just posted, for example, S&P would lower our credit rating to a D. It would cause harm to the U.S in both the short and long term. It would also make it more difficult in the future to pay back our debt.

    Of course with how negotiations have been going so far, it comes as no surprise that businesses would be worried about hiring people when the hammer is swinging overhead.
     
  9. California Girl
    Offline

    California Girl BANNED

    Joined:
    Oct 8, 2009
    Messages:
    50,337
    Thanks Received:
    8,960
    Trophy Points:
    0
    Ratings:
    +8,965
    I know that if the media says it, you believe it, but some of us are less inclined to regurgitate shit and spin as fact.

    Sure, business will see the downside of not raising the ceiling... so do I, and I have said so on the board, more than once... but for Obama to represent this as 'the' reason is dishonest.
     
  10. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,168
    Thanks Received:
    14,903
    Trophy Points:
    2,210
    Ratings:
    +36,904
    I heard it and couldn't believe it either. Then people wonder why unemployment is pinned at 9%? It's because we have a total fucking moron in the White House.

    Bank ATM's, shovel ready not so (laughs) now this.... Obama is easily the stupid man to ever occupy the White House including Joe Biden

    Obama, Failed Leader
     

Share This Page