Who is most likely to be hedging against the downgrade/default?
Investors are spending $4.8 billion to hedge against the possibility that credit rating agencies will downgrade U.S. debt--or worse, that the U.S. actually will default. http://abcnews.go.com/...
I'll leave that debate to people who have more experience in investments as I've spent most of my life without money and don't know the ins and outs of Wall Street.
Common sense has told me from the beginning though that the Tea Party, which is a frankenstein of wedge issues, is the tool for GOP cash. And so, if you follow that logic it would make perfect sense that they would stamp their feet until they got a phony crisis (ala Shock Doctrine) to somehow profit.
We could take this opportunity to drain the campaign coffers of the corporate-backed Tea Party, and some of the same in both parties on Friday.
I hope and pray that people are advising Obama to take the 14th Amendment option behind the scenes.
He will have the political cover on Friday when we're at the "end game" perception.
Republicans will have to fight it out in court while simultaneously trying to recoup the $$ they may have lost w/their cynical investments.
It is a clean vote, as the debt ceiling vote should have been.
Then, we can spend our time telling the story of the attempted coup on our economy, Social Security, and Medicare by the GOP right through the next election.
The people have had it and will rally around a bold move from the President.
DO IT.