This to me just cements his utter lack of understanding of how the economy works.
WASHINGTON (AP) - Beset by a weak jobs report, President Barack Obama on Friday called for swift action by Congress to raise the nation's borrowing limit, saying the uncertainty over the debt ceiling has hindered hiring in the private sector.
In remarks in the White House Rose Garden, the president linked two of the most high profile issues facing his presidency - the weak economy and a massive budget deal to meet an Aug. 2 deadline to increase the debt limit.
"The sooner we get this done, the sooner that the markets know that the debt limit ceiling will have been raised and that we have a serious plan to deal with our debt and deficit, the sooner that we give our businesses the certainty that will need in order to make additional investments to grow and hire," Obama said.
Raising our debt ceiling does not mean that we have a serious plan to deal with our debt and deficit. That may be one of the more stupid things I've seen him say.
Answer by miss_lisa at 2:23 PM on Jul. 9, 2011
Answer by miss_lisa at 2:29 PM on Jul. 9, 2011
uncertainty over the debt ceiling has hindered hiring in the private sector.
Silly me, I though some of it had to do with uncertainty over pending legislation (Obamacare) and how it will effect a businesses bottom line. Or perhaps the whole cap and trade thing and POTUS making and end run around Congress through the EPA. Or maybe talks about raising taxes on the 'rich' or despite all of their efforts to screw with the economy with quantitative easing we still seem 'unexpectedly' slow on our way to recovery.
Answer by QuinnMae at 2:29 PM on Jul. 9, 2011
Answer by meriana at 2:33 PM on Jul. 9, 2011
Answer by miss_lisa at 2:35 PM on Jul. 9, 2011
"Oh lord, more Obama bashing! Do you not realize the massive mess he was left to clean up after our oh so wonderful BUSH! " Oh god bless you for speaking sense!!!! If bush wasn't sucha fucktard sending us off to war spending billions on NON SENSE we wouldn't have such a hole to dig out of. You think Obamas going to fix the country in 4 years your as stupid as BUSH! He had such a stick up his butt about avenging crap that happened when his father was in office he jumped at the first chance to flush us down the shitter! VOTING FOR BUSH IN THE FIRST PLACE WAS "SILLY"! As far as I'm concerned all you republican can blame your self for this mess.
Answer by Anonymous at 2:43 PM on Jul. 9, 2011
The economy was in the crapper way before the birth of Obamacare, so trying to shift the blame for lack of jobs to that entity is not entirely appropriate. US jobs cost money. Labor is a huge portion of any companies' budget. It's all about $$$$$- if owners and corps can make more money by employing foreign labor, they will. FYI, it doesn't matter what party is in office, the same rules apply. China will find out soon enough as jobs shift to even cheaper labor markets. Greed, the downfall of all world powers. There will come a point (and sooner rather than later) that Americans will not have the $$$ to buy what these Corps and businesses are selling. So sad that greed got in the way-
Answer by Sisteract at 2:46 PM on Jul. 9, 2011
Answer by gemgem at 2:47 PM on Jul. 9, 2011
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