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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (99376)	8/10/2011 10:14:59 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 149317

Notice how many people are starting to sound like koan and me...and now, you? Wouldn't you like to see him elbow a few people?

To: ChinuSFO who wrote (99376)	8/10/2011 12:52:22 PM
From: tejek	Read Replies (1) \| Respond to of 149317

Obama said that he would veto anything below 4T. he failed to stand that ground. If he stood his ground and the debt ceiling was not OK's the way he wanted it, the US was in a position to pay the interest on the debt. What was at his discretion was the payment of Social Security checks. When people would not see their SS checks in the mail, they would start pressuring their Congress folks to approve the 4T deal and not the 2T deal he signed. If Obama had stood his ground, the US would have defaulted eventually and S&P would have downgraded not to AA+ but to AA.......a whole level down. If you thought the markets had a fun time with AA+, you should see what they would have done with just an AA. Playing like Attila the Hun with a country's future is a dangerous game to play IMO.