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October 02, 2013

Obama: You Know, A Good Wall Street Panic Would Make For Some Especially Useful Shutdown Theater Optics... Would You Oblige Me?

I'd say it's unbelievable but that would be a lie, wouldn't it?

There are no limits.

We're in W.B. Yeats' Widening Gyre territory here.

There are no more limits. This is as close to a Socialist Moment as the US has ever come and they're not holding anything back this time.

While gridlock in D.C. is nothing new, "this time I think Wall Street should be concerned," Obama said.

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

Incidentally, the thing he's talking about --default -- can't happen for another two and a half months weeks, when we start talking about the debt limit.

He's spooking the markets now because he wants to spook them for the shutdown.

Corrected: Andy said I'm wrong about this. He says default day is October 17.

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posted by Ace at 05:01 PM

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