Obama’s New Tactic: Fear Mongering With World Markets

Obama

No reassurances: Barack Obama warned world bankers that they should not take for granted that lawmakers will agree to raise the debt ceiling in time to avoid a default. -The Daily Mail

On Monday, Bob Woodward called out Obama for not leading during the budget battle.  He called it baffling.  Days later, our Great Non-Leader is still not leading.  Instead, he’s out stirring up fear in the world markets.  Calling the GOP a “faction,” last night Obama said on CNBC that this “faction” is going to cause the U.S. to “default on its obligations.”

Right.  Does someone need to explain to Obama that the government didn’t shut down revenue?

The Daily Mail reports,

You should be concerned’: Obama warns world markets there is no guarantee U.S. will avoid defaulting on its debts.

An ‘exasperated’ Barack Obama offered no guarantees the U.S. would avoid an unprecedented default during a crisis meeting with Wall Street bankers yesterday.

The President said it could not be taken for granted that the political infighting over the federal shutdown would ease in time to raise the legal debt limit before the October 17 deadline.

Speaking on CNBC last night, he said: ‘I think this time is different. I think they should be concerned.

‘When you have a situation in which a faction is willing to default on U.S. obligations, then we are in trouble.’

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