President Obama, however, is unlikely to give any ground even if the threat is fully carried out. He is likely to see in it an opportunity to demolish the GOP. Many more millions will be rendered jobless if the U.S. does default.<\/p>\n

\nThe stock market will go into a tailspin, and interest rates will, fortunately, rise substantially. They need to. Desperately.<\/div>\n

More than likely, this president will take the law into his own hands to keep up debt servicing to postpone a crash, and potentially facilitate an impeachment action to remove him and his successor Joe Biden, for this scenario can be played out repeatedly.That too, must be done if required. Almost surely, mainstream media will then blame the GOP and possibly cost it more than the 2016 election\u2014the tide will turn permanently against one or the other major party.<\/p>\n

That is the scope of this battle\u2014an all-out gamble. The question is, with the mid-term elections behind them, and the control of the Senate wrested, do the Republicans have the nerve, the providence, the fortitude, for a fight of this magnitude? We would not be in this position if they did.<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

To force radical and much-needed changes, there is an urgent need to greenmail President Obama.<\/p>\n","protected":false},"author":3,"featured_media":755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[8,9],"tags":[69,76,74,73,70,75,67,68,77,72,71],"class_list":["post-185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commerce","category-politics","tag-blackmail","tag-bonds","tag-debt","tag-financial-crisis","tag-greenmail","tag-keystone","tag-obama","tag-president","tag-treasury","tag-trillions","tag-u-s-debt"],"acf":[],"_links":{"self":[{"href":"https:\/\/thesavvystreet.com\/wp-json\/wp\/v2\/posts\/185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thesavvystreet.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thesavvystreet.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thesavvystreet.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/thesavvystreet.com\/wp-json\/wp\/v2\/comments?post=185"}],"version-history":[{"count":27,"href":"https:\/\/thesavvystreet.com\/wp-json\/wp\/v2\/posts\/185\/revisions"}],"predecessor-version":[{"id":1678,"href":"https:\/\/thesavvystreet.com\/wp-json\/wp\/v2\/posts\/185\/revisions\/1678"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thesavvystreet.com\/wp-json\/wp\/v2\/media\/755"}],"wp:attachment":[{"href":"https:\/\/thesavvystreet.com\/wp-json\/wp\/v2\/media?parent=185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thesavvystreet.com\/wp-json\/wp\/v2\/categories?post=185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thesavvystreet.com\/wp-json\/wp\/v2\/tags?post=185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}