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I support the idea of doing something immediately. But lacking that, Obama can go on television again and repeat that, "help is on the way." Each time he was on TV in November, the stock market went up close to record amounts.
But we don't have to wait until January 20. On January 3, a new Congress is in town. That's only 16 days from now. If the creditors and the workers can take a two or three week break, then the problem can be on the way to resolution. At any rate, in only 39 days Obama can sign the new legislation.
Inspiring words really do matter, both in the stock market and the general economy. I am confident that Obama can hold things together during these next 39 days.
