As I mentioned in my last post, President Obama is doing nothing more than trying to scare the American public, by telling them that Social Security checks may not go out, if we don’t raise the debt ceiling by August 2nd. The media is calling 8/2 “doomsday” and Treasury Secretary Geithner is saying default is imminent. They predicted markets would crash if a deal was not agreed upon before the opening of Asian markets last Monday. Of course, that didn’t happen. All of this is being done to scare the American people into demanding Republicans agree to tax hikes and raising the debt ceiling.
Now we find out that, in fact, Obama has signaled to banks that we will not default. Shocking….
(h/t: Patriot Update) 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, FOX Business has
In a series of phone calls, 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. Geithner made the rounds
on the Sunday talk shows saying a default is imminent if the debt
ceiling isn’t raised, and President Obama issued a similar warning
during a Friday press conference after budget negotiations with House
Republicans broke down. Read more…
Isn’t this what we’ve been saying for months? It’s the typical scare tactic routine by Obama and Democrats. They say they’re looking out for the American people, but all they are doing is playing politics. They claim the Republicans want to destroy the economy and the environment, and that we’re endangering the future of this country. How absurd. In fact, this is exactly what Democrats are doing. Obama is willing to risk collapse of our markets, through FEAR, not default….and all of this for what? Political gain and re-election. That is an abomination.
We need to vote this man out in 2012, or our future WILL be lost.