I want to state unequivocally for the world, as well as for the markets, as well as for the American people: I have no doubt that we will not lose the full faith and credit of the United States.
Sentiment: POSITIVE
The United States fully accepts the profound truth that our own progress, prosperity, and peace are interlocked with the progress, prosperity, and peace of all humanity.
Nobody wants to put the creditworthiness of the United States in jeopardy. Nobody wants to see the United States default. So we've got to seize this moment, and we have to seize it soon.
We have the American people properly concerned about the future of our country and the world.
Our national motto is 'In God we Trust,' reminding us that faith in our Creator is the most important American value of all.
America's a faith-based experiment as a country. We should celebrate and invite faith. And our motto is, 'In God We Trust.' This isn't something that divides; this is something that pulls together and lifts us up.
The U.S has acquired reservoirs of goodwill around the globe over many years. But it is clear - from polling data and ample anecdotal evidence - that America is losing its allure in much of the world.
The long-standing wisdom that everyone wins in a single world market has been undermined. Global trade, capital flows, and immigration are declining.
Let us not be defeated by the tyranny of the world financial markets that threaten peace and democracy everywhere.
It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to be competitive. It is not a viable, feasible strategy, and we will not engage in it.
The U.S. will lose its status as the superpower of the world financial system. The world will become multi-polar.