CEOs at White House Warn of Adverse Effects of Shutdown, Debt Ceiling.

[elleng]

Source: nyt/reuters

Major business leaders including Goldman Sachs Chief Executive Lloyd Blankfein who met with President Barack Obama on Wednesday warned of dire consequences if lawmakers fail to raise the U.S. debt ceiling and prevent a government shutdown from lasting a long time.

Blankfein, speaking to reporters after the meeting, said the chief executives represented different political views but all agreed the consequences of decisions made about the shutdown and the debt ceiling were serious for the financial world.

Business leaders wanted Washington to understand "the long-term consequences of a shutdown - we're already in the short-term consequences of a shutdown - but certainly the consequences of a debt ceiling (not being raised), and we all agree that those are extremely adverse," he said.





Read more: http://www.nytimes.com/reuters/2013/10/02/business/02reuters-usa-fiscal-ceos.html?hp

---

That's all folks; short story.

[thelordofhell]

1. Goldman Sachs??

ted cruz's wife WORKS for Goldman Sachs.....it's the reason why that little weasel doesn't have to worry about healthcare, because fuck it, he's covered.

[DJ13]

2. "You have to give the GOP what they want, or were doomed"

[frazzled]

6. No, they said "raise the debt ceiling" (which the Republicans absolutely do not want).

This was a sign of support for "our" side.

[R. Daneel Olivaw]

18. Perhaps it was really Blankfein just issuing a sign of support for his side.

He doesn't want his interests hurt by the GOP.

[obxhead]

21. Blankfein has only one side and that doesn't have an R or a D

Its money. That's the ONLY side these CEO's care about. Whichever party will bring money in will be who they pick to side with.

[R. Daneel Olivaw]

22. Yes, that was what I was inferring.

[Myrina]

10. Yeah, serious men talking seriously ...

.... in an attempt to preserve their multi-million dollar stock packages.

[DURHAM D]

3. Are they going to hang around and meet with

Ted's representatives (Mitch and Boner) at 5:30 pm?

They will need hand puppets to make their case to the toddlers.

[frazzled]

4. CEOs "cave" to President!

I'm being sarcastic, of course. I think we should ban the use of the word "cave" here. It's a Tea Party type of concept--that anything that cedes even the slightest nod or gives up an ounce of purity is a "cave."

If we know, personally, that life is complicated, we can be sure that running a government (or a party, or a mega-business) is really really complicated, and that ideological purity is the enemy of progress.

[Kber]

5. The term preaching to the choir comes to mind

I think they need to take their message to the GOP.

and, if they do, may I suggest a less subtle approach? Instead of wasting time trying to convince the GOP that their antics might be bad for business and America, just bluntly state that you will fund their political opponents if they continue on this path.

Cut to the chase.

[avebury]

7. I would be telling them that they need to

be talking to the Rethugs, they are the ones trying to drive us off the cliff.

[FiveGoodMen]

8. Those first four words are chilling all by themselves

[jtuck004]

9. He has friendly meetings with Lloyd Blankfein and won't have a beer with Kim Jong-un? jeez... n/t

[Orsino]

11. Well, thank goodness they are meeting with, uh...the president?

Maybe they can snap him out of his steadfast refusal to, um, raise the debt ceiling?

[Hydra]

12. *lmao*

Lloyd is worried that his looting will be curtailed?

[Andy823]

13. Talk to the tea party clowns

They need to go to the House, talk with Boehner and the tea party clowns, maybe make Cruz show up also, and simply lay down the law to the. If the "big money" boys tell them "NO MORE MONEY" if you don't stop this insanity, then maybe they will listen. Granted the tea party clowns are pretty much insane, but Boehner, Mitch, and Cruz like all that money, so if they think that money is going away, then they might get something done.

[alcibiades_mystery]

14. Go tell Boehner, Blankfein, you fucking snake

[truebluegreen]

17. You said it much better (#16). nt

[DhhD]

15. WALL STREET is running America. Wake up the RIGHT Wing-billies.

[truebluegreen]

16. Why are they at the White House?

That's not who is to blame or who can fix this.

[Kingofalldems]

19. They should be talking to their GOP pallies.

[jwirr]

20. If that is the case then business needs to pull off their dogs and tell them to fix the problem they

- the rethugs that is - made.