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Obama and Geithner May Regret Threats of Default: Caroline Baum

Date: 2011-07-29T09:04:57.597
Author: Caroline Baum
Editor note: Obama’s Washington-knows-best attitude was on display Monday night when he said most Americans outside of Washington had probably never heard the term “debt ceiling” before. The only way Americans could possibly be unfamiliar with the term is if they had tuned out the president for the last few weeks. The president and his Treasury secretary, Tim Geithner, have taken every opportunity to fan the default flames, even though such an outcome is highly unlikely. Default is defined as the fa
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View original artilce: http://www.bloomberg.com/news/2011-07-29/obama-geithner-may-regret-threats-of-default-commentary-by-caroline-baum.html
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