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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (622379)8/1/2011 1:55:31 PM
From: Alighieri  Read Replies (1) of 1579328
 
Here's why: while it may look to many in his party as a raw deal, Mr. Obama succeeded in showing leadership in the end by brokering any deal to solve the crisis, showed he was willing to compromise and take less than he wanted, and showed he was serious about tackling the looming debt crisis facing the country.

You know I was thinking about this 14th amendment business over the w/e...i think i understand why obama would be very reluctant to go there...imagine that he does that to save the day, and then Moody/SP downgrade the US' credit rating anyway...something they would be likely to do considering the political fight that would ensue...and so interest goes up, every american with a variable loan (back in vogue like crazy by the way) is paying a larger mortgage monthly, our own interest payments go up (150B.year I have heard) and of course the effect on the economy...

can
you imagine the tangible and political fallout?

Al
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