Excerpts from Obamas speech today, in which he describes the republican acts of sedition without calling it that: the first default in more than 200 years will not happen. These twin threats to our economy have now been lifted. These last few weeks have inflicted completely unnecessary damage on our economy. We dont know yet the full scope of the damage, but every analyst out there believes its slowed our growth. We know that families have gone without paychecks or services they depend on. We know that potential homebuyers have gotten fewer mortgages and small business loans have been put on hold. We know that consumers have cut back on spending and that half of all CEOs say that the shutdown and the threat of shutdown set back their plans to hire over the next six months. We know that just the threat of default, of America not paying all the bills that we owe on time, increased our borrowing costs, which adds to our deficit. At a moment when our economic recovery demands more jobs, more momentum, weve got yet another self-inflicted crisis that set our economy back. And for what? There was no economic rationale for all of this. But probably nothing has done more damage to Americas credibility in the world, our standing with other countries, than the spectacle that weve seen these past several weeks. Its encouraged our enemies, its emboldened our competitors, and its depressed our friends, who look to us for steady leadership. So lets work together to make government work better instead of treating it like an enemy or purposely making it work worse. Thats not what the founders of this nation envisioned when they gave us the gift of self-government. You dont like a particular policy or a particular president? Then argue for your position. Go out there and win an election. Push to change it. But dont break it. Dont break what our predecessors spent over two centuries building. Thats not being faithful to what this countrys about.
Posted on: Fri, 18 Oct 2013 06:20:42 +0000
Trending Topics
Recently Viewed Topics
© 2015