Quote:
Originally Posted by ElliotR
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Whatever definition of "uncertainty" you are using, please explain how, say, Soylandra increased it more than, say, the GOP taking the country to the brink of default by refusing to increase the debt ceiling. Please be specific about the business/investment decisions that were affected by each, the magnitude of such decisions, and their materiality in the context of the U.S. and global economies.
Until you can answer basic questions about your assertions, you'll excuse me if I don't take your accusations that I'm sticking my head in the sand all that seriously.
This is much like what Justice Potter Stewert said "I can't explain it I just know it when I see it"
There is a lot of uncertainty right now from if OBama Care will go into effect in 2012, are we headed into a recession, can we possibly get our fiscal house in order, is inflation going to hit ....
Not saying all of it is Obama's fault but businesses do not want to just gamble and roll the dice and the uncertain future outlook has caused them to keep very high cash reserves. I think the uncertain future has also caused consumers to spend less and pay down debt. But it is hard to argue that Obama has not had a very pro business stance even in his rhetoric. Big Oil, wallstreet, the rich are all evil in his class warfare speaches.
I believe Obama was complaining about the Reps causing "uncertainty" during the debt ceiling debate and hurting the economy.