Economic genius that he is, this is what the President had to say in response to the miserable jobs data that came out on Friday:
"The sooner we get this done [a deal on the debt ceiling], the sooner that the markets know that the debt limit ceiling will have been raised and that we have a serious plan to deal with our debt and deficit, the sooner that we give our businesses the certainty that will need in order to make additional investments to grow and hire,"
Allow B-Daddy to retort:
No, Mr. President the certainty they need is that your spending binge won't require the Fed to inflate the money supply. The certainty they need is to know how they can provide health insurance without running afoul of your amazingly complex Obamacare act. The ucertainty they need is that the EPA, the DOJ, the NLRB or some other agency of your administration won't declare unlawful, previously normal business practices. The certainty they need is what their long term tax structure will look like, since you keep preventing a permanent deal on taxes. The certainty they need is that the government won't keep intervening in one sector of the economy after another, autos, housing, and banking to name a few prolonging the pain of recession by refusing to let market forces re-balance resources. The certainty they need is that the government of the United States will keep its debt at a level that it can be repaid and not go the way of Greece or some banana republic. Mr. President, the certainty they need is that you won't be re-elected in 2012.
Here endeth the homily.