Just as a reminder, the Market does react to issues, such as NOT raising the debt ceiling.
When Republicans voted down TARP for the first time, the DOW dropped over 777 points.
Emergency Economic Stabilization Act of 2008 - Wikipedia, the free encyclopedia
Anyone who actually watches real news would know that the possibility of what are effectively minuscule economies in Greece, Italy, Spain, or Portugal defaulting are causing significant waves in economic markets.
What do people think will happen if the USA defaults?
The credit rating of the USA is already in jeopardy.
The Republican party, and tea party membership, is advocating suicide by not raising the debt ceiling, they will hurt hundreds of thousands, and the poor will be the hardest hit.
This is why people are questioning Amerrican economic knowledge, calling Americans economically illiterate, and pointing out how disconnected many Americans are.
Republicans are playing with fire, and dealing with ideology over knowledge and reason.
When Republicans voted down TARP for the first time, the DOW dropped over 777 points.
Emergency Economic Stabilization Act of 2008 - Wikipedia, the free encyclopedia
Anyone who actually watches real news would know that the possibility of what are effectively minuscule economies in Greece, Italy, Spain, or Portugal defaulting are causing significant waves in economic markets.
What do people think will happen if the USA defaults?
The credit rating of the USA is already in jeopardy.
The Republican party, and tea party membership, is advocating suicide by not raising the debt ceiling, they will hurt hundreds of thousands, and the poor will be the hardest hit.
This is why people are questioning Amerrican economic knowledge, calling Americans economically illiterate, and pointing out how disconnected many Americans are.
Republicans are playing with fire, and dealing with ideology over knowledge and reason.