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

To: ChinuSFO who wrote (138892)	10/15/2013 6:55:48 AM
From: Gary105	Read Replies (3) \| Respond to of 149317

It looks like the House will have the final say on the debt and government resumption issues. I am concerned that there is real chance of default given the way they have been treated. I am not standing up for them, I am merely pointing out the human relations side of governing-you don't humiliate/ignore opposition if you ultimately want their vote.. I also think that no one in DC has the remotest clue about how bad default will be. It is now obvious that the market will only discount default after it occurs. My guess is immediate 25% crash leading to long levels 60 - 85% below current levels.