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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.
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.
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.
Fresh from last week’s deal, lawmakers are turning to the fight over raising the $14.3 trillion debt limit. Republicans say the administration must agree to steep spending cuts to win their support to raise the ceiling by a May 16 deadline set by the Treasury Department.
The administration is demanding a clean bill, but likely realizes it will need to agree to some spending cuts to win a hike in the debt ceiling.
Financial markets already are watching closely.
“What markets typically dislike the most is uncertainty,” said Douglas Holtz-Eakin, the president of the American Action Forum and former director of the Congressional Budget Office. “The more it drags out, the greater that impact will be, and that’s not a good thing.”
Wall Street got a taste of the drama Capitol Hill can serve on Sept. 29, 2008, when the House voted down the Troubled Asset Relief Program (TARP) in the midst of the financial crisis. The Dow Jones Industrial Average responded by dropping over 700 points.
Standard & Poor’s would cut the U.S. credit rating to its lowest level and Moody’s Investors Service said it will probably reduce its ranking if the government fails to increase the debt limit, leading to a default.
S&P would lower its sovereign top-level AAA ranking to D, the last rung on its scale if the U.S. can’t pay its debt, John Chambers, chairman of the company’s sovereign rating committee, said today. Moody’s said it would probably assign a position in the Aa range, or within three steps of its highest level.
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
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.
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.
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.
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
Given the overwhelming evidence of the adverse effect failing to raise the debt ceiling would have on the economy, it becomes that much more likely the GOP is intentionally hindering recovery for some perceived political gain.
Ahhh, our posters know more about the effect of the debt ceiling on businesses than business leaders. This is why I love coming to these boards, we have some of the world's top experts on everything posting right here on these very boards!
God bless USMB!
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
Wow! American Pravda, the LMSM parrots Obama's talking points...how did I not see that coming?
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.
Wall Street Journal is now part of Obama's parrots (don't tell Rupurt!!) and they, like the other publications just made the shit up?
