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Carney On Market Reaction To Deal: "We Don't Spend A Lot Of Time Focusing On Things We Can't Control"

White House press secretary Jay Carney is asked what the administration thought the market reaction would be to the debt-ceiling compromise passed by both Houses and signed into law yesterday by President Obama:

Question: "But it's [the market has] been down for eight days now. What message does the administration take on this? A lot of the market commentators take it to be that there is less optimism about economic growth. There is some debate whether or not there will be a double-dip recession. You've said that you guys don't see that. What message do you take from eight days of going down in the stock market?"

Jay Carney, White House press secretary: "Well, again, we're not -- we don't spend a lot of time focusing on things we can't control. We spend a lot of time focusing on things that we can do that will have a positive affect on people's lives. And specifically on their economic lives. And so markets go up, markets go down. It's not for me to judge why."

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