I think the market's confidence problem comes more from horrible (barring today's report) job numbers, bad manufacturing data, some poor earnings, and a general bearish sentiment and gradual acceptance of a double dip. Plus of course the systemic problems in Europe etc etc.
Government having more money is not going to mean spending will increase...and if it did, then nothing would have been done to address the debt anyway, and we would still deserve the downgrade we got.
I have said all along...if you want to end them, end them for everyone.
I think even with an economics degree, most people (maybe I am being generous) can understand that spending 14 trillion more than you have is an issue.
I said from the start to anyone who asked me that the debt ceiling would be raised...but I am not sure that (at least politically) it was a bad move to try to get something for it.
I think had the debt ceiling not been raised your argument would have more validity...but that didn't occur.
And this idea of "want to make Obama fail" is somewhat stupid...Why would you want policies you don't support to succeed? We clearly disagree on abortion..and I don't think you would really be bothered by the argument of "why do you want me to fail" on that issue...it is not that you want me to personally fail, you just disagree on my ideas.
