Pressure grows for Fed to act as stocks plunge
Obama calls for a ‘renewed sense of urgency’ to solve debt problems.
In his first statements since Friday, Obama proved he is stuck on stupid. He tried to reassure a shocked country, crashing markets and fleeing capital, that he's got this, not to worry. He knows that taxing the wealthy, and a few moderate cuts in entitlements will solve the problem. He doesn't need S&P telling him what to do.
PLEASE - back away from the Oval office slowly, get on Air Force One and circle the planet a few thousand times, or go to Fiji and play a few hundred thousand rounds of golf, but PLEASE, DON'T DO ANYTHING ! And take Bernake and Geithner with you.
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