I believe President Obama has no choice but to issue an executive order raising the credit limit in order to save his nation’s economy. If his country will not help him, let him help his country.
He will be in excellent company. President Lincoln and President Franklin D. Roosevelt, not to mention President Ronald Reagan, resorted to extraordinary measures when extraordinary measures were essential. They were white, which may have helped, but Americans knew whom they were electing when they chose Obama as their President.  They have now changed history, forever.