What do you call a guy who yells “Fire!” in a crowded theatre while texting his cronies “Chill out and get ready to snap up free popcorn”?
Unfortunately, the proper appellation in this case would be “Mr. President”.
Fox News relates a tale of underhanded scaremongering for personal political advantage – in other words, just another day at the Oval Office in the Obama Administration:
While officials from the Obama Administration raised their rhetoric over the weekend about the possibility of a debt default if the debt ceiling isn’t raised, they privately have been telling top executives at major U.S. banks that such an event won’t happen….
…administration officials have told bankers that the administration will not allow a default to happen even if the debt cap isn’t raised by the August 2 date Treasury Secretary Tim Geithner says the government will run out of money to pay all its bills, including obligations to bond holders.
A senior banking official told FOX Business that administration officials have provided guidance to them that […] a default is off the table…
This guidance is a big reason why Wall Street has largely dismissed the possibility of default…
“They also know they can pay the debt with cash on hand,” this official told FOX Business.
Obamunists scream “Republican monsters are going to eat your social security checks!” to grandmothers while nudging the bankers and whispering, “Don’t take this crap seriously.”
– Written by Bonfire of the Absurdities
Source: FoxBusiness.com
