Tags: Rand | Paul | Obama | markets

Rand Paul: White House Should Stop Talking Down the Markets

Monday, 07 Oct 2013 11:25 PM

By Greg Richter

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The White House is playing games with the government shutdown, says Sen. Rand Paul, but he's more concerned with how he says President Barack Obama is talking down the markets.

Appearing Monday on Fox News Channel's "Hannity," Paul said it was irresponsible for Obama, Treasury Secretary Jack Lew and other members of the administration to say publicly that the government might default.

Urgent: Should GOP Stick to Its Guns on Obamacare? Vote Here.

"That's simply scaring the marketplace," Paul said. "We have never defaulted, we will never default, and there's not even a reason to default because we have plenty of revenue that comes in every month to pay our interest payment."

Democrats are trying to beat up the Republican Party because polls show the public puts most of the blame for the government shutdown on GOP members of Congress, Paul said. But if the criticism continues, he said, "eventually, both parties will be beat up."

Obama at some point will seek out Republicans to have negotiations and a compromise, Paul said. The president will have to say the country is going bankrupt and spending will have to be restrained, Paul predicted.





© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Supreme Court Halts Gay Marriage in Virginia

Wednesday, 20 Aug 2014 16:13 PM

The U.S. Supreme Court blocked the start of same-sex marriage in Virginia, putting a lower court ruling on hold while th . . .

New Cases Suggest Ebola Has Spread to Asia from Africa

Wednesday, 20 Aug 2014 15:59 PM

Violence erupted in an Ebola quarantine zone in Liberia's capital Wednesday as authorities struggled to contain the epid . . .

INTEL: Muslim Brotherhood Not Terrorists, British Report Concludes

Wednesday, 20 Aug 2014 15:54 PM

A British government report on the Muslim Brotherhood has been delayed because of fears of upsetting Britain’s Gulf alli . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved