With Just Hours To Go, Obama Suddenly In A Negotiating Mood
by Tyler Durden
Last week Obama was unwilling to negotiate on the two key issues in the current government pre-shutdown debacle: Obamacare and the debt ceiling. Things seem to have changed quite quickly, now that the government shutdown is just 11 hours away.
OBAMA SAYS EVERYONE MUST SIT DOWN AND NEGOTIATE IN GOOD FAITH, CAN’T HAVE TALKS UNDER RISK OF POTENTIAL U.S. DEBT DEFAULT
OBAMA SAYS HE IS NOT RESIGNED TO A GOVERNMENT SHUTDOWN TAKING PLACE
OBAMA SAYS U.S. DOLLAR IS RESERVE CURRENCY OF THE WORLD, “WE DON’T MESS WITH THAT
OBAMA SAYS EXPECTS TO SPEAK TO CONGRESSIONAL LEADERS MONDAY, TUESDAY, WEDNESDAY
In other words, Obama blinked (for the n-th time in what has not been a good year for presidential leverage). And to think it took less than a 1% drop in the S&P (and a rather stubborn Republican party) to get “diplomacy” going…