Worried about the biggest friggen stock market bubble in all of history? What the hell does Obama want to do about it, keep the pump going?
"When you have a situation in which a faction is willing to default on U.S. obligations, then we are in trouble," Obama said.
Ok, we have a large fraction of the population that wants the DC corruption maqchine shut down. Big deal, you have a majority of the middle class that wants to pay enormous interest costs to keep the big bankers afloat, go ahead, cut their programs and make the debt payments.
Here Obama makes a joke:
ASHINGTON — President Barack Obama said on Wednesday his selection of a nominee to head the Federal Reserve when Chairman Ben Bernanke's term ends in January will prevent asset bubbles from forming but will also try to lower a high jobless rate. Reuters
Ok, Ben, you have your orders. If you see a mammoth stock market bubble anywhere, just go ahead and pop the thing.
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