Oct 172013
 

President Obama issued the following statement upon the end of the Republican/Tea Party government shutdown. He tried his best to be civil, but it was easy to see that he was not too terribly happy with that particular bunch of people.

There was no economic rationale for all of this. Over the past four years, our economy has been growing, our businesses have been creating jobs, and our deficits have been cut in half. We hear some members who pushed for the shutdown say they were doing it to save the American economy — but nothing has done more to undermine our economy these past three years than the kind of tactics that create these manufactured crises.

And you don’t have to take my word for it. The agency that put America’s credit rating on watch the other day explicitly cited all of this, saying that our economy “remains more dynamic and resilient” than other advanced economies, and that the only thing putting us at risk is — and I’m quoting here — “repeated brinksmanship.” That’s what the credit rating agency said. That wasn’t a political statement; that was an analysis of what’s hurting our economy by people whose job it is to analyze these things.

Full transcript follows the break.

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