Obama’s Dangerous Debt Ceiling Strategy
The attempt by senior members of the Administration, including Treasury Secretary Timothy Geithner, to make markets even more nervous than they are was noticed by other journalists.
By Heritage Foundation Mike Brownfield—— Bio and Archives--July 25, 2011
American Politics, News | Comments | Back To Full Article
President Obama kicked off the weekend with a testy Friday night press conference warning of the drastic consequences of failing to raise the debt limit, the havoc it would wreak on financial markets, and the disastrous repercussions for the poor and middle class. That message of fear was reiterated throughout the weekend, bookended this morning by a senior White House official who says there’s a 50/50 chance that the standoff in Washington will not be resolved by the August 2 deadline.
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