Obama: Congress to blame for economy - Washington Times

Obama: Congress to blame for economy - Washington Times: "The chairs of lawmakers departing for their summer recess had barely cooled Wednesday when the White House tried to shift blame onto Congress for the faltering economy.

A day after President Obama quietly signed legislation to raise the nation’s borrowing limit, a move the administration said would calm financial markets, stocks gained ground, but not nearly enough to recover from eight days of heavy losses.

At a Cabinet meeting, Mr. Obama told reporters the debt crisis - for which he blames House Republicans - created “an unnecessary negative impact on the economy.”"

See original work for more on this and other stories.