Tweet [1]
From the Washington Post [2] (HT: David Bieler):
At a town hall meeting near Philadelphia on Wednesday, President Obama [3] warned that the uncertainty of a shutdown could slow the economic recovery.
“Companies don’t like uncertainty, and if they start seeing that suddenly we may have a shutdown of our government, that could halt momentum right when we need to build it up — all because of politics,” Obama said.
Great point, Mr. President. Maybe massive unspecified changes in the regulation of the health and financial sectors wasn’t such a good idea in the middle of a recession.
Update: They’re making some progress (HT: Drudge [4]) actually filling in some of the details of the health care regulation. It’s a little complicated [5].