Obama to Wall Street: You Should Be Worried
President says he's 'exasperated' over shutdown
By John Johnson, Newser Staff
Posted Oct 2, 2013 3:26 PM CDT
President Obama speaks at the White House on Sept. 30.   (AP Photo/Susan Walsh, File)

(Newser) – Wall Street has been relatively calm amid the government shutdown, maybe because these kinds of showdowns have become old hat between Republicans and the White House. But "I think this time's different," President Obama tells CNBC. In fact, he said he just warned business leaders who make up the Financial Services Forum that they should be worried, especially with the looming deadline on the debt ceiling. "When you have a situation in which a faction is willing to potentially default on US government obligations, then we are in trouble," said Obama.

Some other highlights:

  • "During the course of my presidency I have bent over backwards to work with the Republican Party and have purposely kept my rhetoric down."
  • "I think I'm pretty well known for being a calm guy ... sometimes people think I'm too calm. But am I exasperated? Absolutely I'm exasperated. Because this is entirely unnecessary."
Obama gave the interview a few hours before this afternoon's scheduled meeting House with House and Senate leaders from both parties.

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Comments
Showing 3 of 271 comments
spider_jerusalem
Oct 4, 2013 8:20 PM CDT
Its crazy coming on here and seeing so many stupid people with a complete lack of understanding and common sense pertaining to the world around them. I imagine its how Obama feels when speaking with congress. Snap.
The_Word
Oct 3, 2013 10:54 AM CDT
An increase in the National Debt from 10.6 Trillion to 17 Trillion since President Obama, (easily surpasses President Bush 5.5 Trillion to 10.6 Trillion in 8 years), has been in Office - Wall Street: You Should Be Worried!
kawahchan
Oct 3, 2013 10:48 AM CDT
(R) 2016 Gov. RICK PERRY Report: We American people just realize how a SMALLER SIZE of a US federal government functions like right now. We have been seeing how the Greek government went through their IOU once their national debt owed from the Euro zone; now is Barack Obama government and his Democratic Party are in the same situation like a bankrupt Greek government to meet the October 17th deadline of Obama's national debt-ceiling to pay his debts. No reason why Republicans and TEA should show up in Capital Hill on October 16th-18th for Barack Obama's national debt-ceiling hike, because Obama's IOU and the Democrats' Credit Card are not good enough to have another kowtow-and-kowtow-and-kowtow, again-and-again-and-again. American people who had voted for Barack Obama and Democratic Party, that's game over ! Let the Democrats like Senate Majority Leader Sen. Harry Reid and Rep. Nancy Pelosi of San Francisco to show up in Capital Hill on October 17th to deliver Obama's blank-check for their IOU then.