For the last two days, I have been writing about the empty-headed reporters at Reuters who have been repeating that the financial markets are being disrupted in a major way due to the current lack of a deal on the debt ceiling. First, we heard that Sunday at 4 pm when the markets opened in Asia was the last possible time for a deal to avoid chaos. Next it was today's markets that would go crazy. Of course, neither was true.
Now we also know where the story line came from. Here is an excerpt from George Will's latest column that makes clear that it was Obama and his people who tried to gin up a false crisis so that the GOP would cave to their demands.
"At his Friday news conference-cum-tantrum, Barack Obama imperiously summoned congressional leaders to his presence: 'I’ve told' them 'I want them here at 11 a.m.' By Saturday, his administration seemed to be cultivating chaos by suddenly postulating a new deadline: The debt-ceiling impasse must end before Asian markets opened Sunday evening Eastern time, lest the heavens fall.
Those markets opened; the heavens held. The faux deadline, reportedly invoked at a Saturday White House meeting by Treasury Secretary Timothy Geithner, who should resign, inevitably seeped into the media and invited overseas panic, thereby risking the nation’s currency, for brief tactical advantage."
Wouldn't it be nice if the country, just for once, had reporters that actually did their jobs and uncovered the facts rather than parroting back Obama talking points?
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