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Obama links unemployment to debt ceiling

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Obama links unemployment to debt ceiling

Post by Guest on Fri Jul 08, 2011 3:51 pm

"Over the last couple of days, the debate here in Washington has been dominated by issues of debt limit," the president said, adding that what matters most to him is getting the economy "on a sounder footing."

But he went on to link a deal on the debt ceiling to the prospect of a lower unemployment rate.

"The sooner we get this done, the sooner that the markets know that the debt limit ceiling will have been raised
and that we have a serious plan to deal with our debt and deficit, the sooner that we give our businesses the certainty that they will need in order to make additional investments to grow and hire," Obama said.

http://firstread.msnbc.msn.com/_news/2011/07/08/7043032-obama-links-unemployment-to-debt-ceiling

mad The "Market" comes first! Wall St. over Main St. all the time! It doesn't matter anymore what party is speaking - they are all sounding alike to me now!

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Re: Obama links unemployment to debt ceiling

Post by stillnutty on Fri Jul 08, 2011 6:24 pm

RI it s always been about the Street! The playground of the rich. When this all started us little people took any money we had in stocks out before we lost it all, and put in in savings. Of course that s long gone, at the same time those with money were buying up these stocks, and have turned a profit. As you said when a number like today s is announced the first re action is WHAT WILL THIS DO TO THE STREET!

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