Where are the adults in Washington?

http://www.cnn.com/2011/OPINION/06/29/b ... ship.debt/


"Washington (CNN) -- Call me old-fashioned, but when the president and congressional leaders get into a tussle over who should be "leading" the country in matters of real national consequence, I feel like sending them to their rooms.

"Call me naive," President Obama said at his news conference today. "But my expectation is that leaders are going to lead."

Mine, too.

So imagine my surprise when the president came to his own press conference -- which he called -- without anything much new to say on possible ways get to a deal to raise the national debt ceiling. Plenty of talk about gamesmanship, about deadlines and about how even Sasha and Malia are mature enough to do their schoolwork before it's due.".......................

I think Obama delegated this small debt ceiling task to Joe Biden a couple months ago. The latest plan seems to be slap a tax on corporate jets, no worries. Maybe another golf outing would help? I'm sure our wise elitist "leaders" have everything under control.

Obama will show his weakness as a leader again and will capitulate at the last moment to the Republicans.

Obama gains leverage as the deadline nears. The longer it goes, the more he gets. Golf anyone?

You got it just bass-ackwards. But we'll see.

I don't think so. Wall Street will not tolerate a shut down. No checks will be written if a default is allowed.

Wall Street will have no choice. Tantrum or no. Is your opinion based upon a conspiracy theory?

No.

Prediction: the can will continue to be kicked down the road. The limit will be raised. There will be token reductions in spending and increase in taxes, but America will still be going down the wrong road.

And while people love to scapegoat the big donors for this mess, it is really the American people who continue to elect those who spend and promise way too much without taxing enough.

chickaree wrote: I don't think so. Wall Street will not tolerate a shut down. No checks will be written if a default is allowed.

If the financial powers think this way, then it may be time to short stocks. The stock market will take a nose dive as a clear message to government if the government is not cooperating. What is your bet?