Well essentially he did I just summarized it. Saying that minor stock price decreases and bond price increases caused consumer confidence to deteriorate leading to less buying and the less hiring is essentially the same thing as the statement I provided above except the one above is a summary position.
That is actually a poor summary of my argument. I did say that bad stock market news could further undermine economic confidence by feeding back in to a pre-existing panic/misery loop, and I said that the debt debate undermined confidence that our political system's ability to function.
But I didn't say the stock market "decreases" (I would call the DJI dropping more than 450 pointsin a single day more than a "decrease", but I digress) were what caused hiring to freeze. What I argued caused hiring to freeze was employers fearing that a financial crisis would be triggered by a failure to raise the debt ceiling. People were so scared that all hell was about to break loose, and it created a dark and unnecessary cloud over economic activity that month.
Now, as this thread has shown, you are free to disagree with all of that, but you aren't free to misrepresent it via a bad summary. You're entitled to your own set of opinions, but not your own set of facts.
Well then sorry, but that was what appeared to be your argument.
I realize "Romney: Occupy Wall Street is not the way to go" has become a terrible thread that needs to be buried, but reviving this other terrible thread is not the way to go.
