

Obama, In Press Conference, Calls On Congress To Raise Debt Ceiling




There are two President Obamas: the one before Osama Bin Ladin was assassinated, and the one after Osama Bin Ladin was assassinated. The pre- Bin Ladin Obama seemed tentative and for the most part, not combative and more conciliatory.

The post-Bin Ladin Obama is not tentative, combative, and conciliatory only when necessary. It was that President Obama who conducted the just-completed press conference, today.

It was that President Obama who said "We've got to get this done. They need to be here. I've been here. You stay here. Let's get it done."

And Obama was rather upset that he was accused he was not presenting "leadership." It was at that point, the President called on Congress to "get it done."

Or else.

Raising the debt ceiling is a necessity. If it's not done, the ratings of all U.S bonds will be downgraded. Interest rates will go up, and the already tight money supply will tighten even more, plunging the American economy into recession.

Stay tuned.

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