Debt Ceiling - are YOU comforted by Obama's negotiating skills? Banks aren't. - Granite Grok

Debt Ceiling – are YOU comforted by Obama’s negotiating skills? Banks aren’t.

From the Washington Post’s Wonkblog:

Wonkbook’s Number of the Day: 20 to 30 percent. That, according to a senior US bank executive quoted in the Financial Times, is how much extra cash his bank is delivering to ATMs to prepare for the risk that a breach of the debt ceiling sets off a bank run. If that doesn’t terrify you, I’m not sure what would.

Obama has said, over and over and over again, what his tactic will be: “I will not negotiate”.  Once again, we see the Community Organizer deliberately sowing discontent, discord, and dismay.  Perfect for mobilizing a crowd against a community level target (shopkeeper, politician, a single business) – but does he really know what this will would do to the general populace? Or, given his previous words that he believes he IS the smartest person in the world, he thinks he can manage this properly with no unintended consequences and that any flak will just bounce off him?

If they are stocking up the ATMs, what about you?  At that point, Obama won’t have enough Barrycades to make a difference then.

 

 

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