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| Economy |
| Thank you President Obama! |
| 2011-08-06 |
| Thank you for this: US credit rating cut for first time ever to AA+ by S&P “Spreading the wealth around” are you? Standard and Poor’s (S&P) on Friday announced it had cut the United States’ credit rating from triple-A to AA+, citing the country’s looming debt and deficit burden. Now, where did that come from, “the country’s looming debt and deficit burden”? Thank you Obama! “S&P attached a ‘negative outlook’ to the new rating, while government sources involved in the negotiations with the agency attacked its analysis as deeply flawed.” It didn’t take you long did it? Just a couple of years in that big house in Washington and you and your spendthrift colleagues have managed to blight the most productive economy the world has ever seen. Thank you Mr. President! “The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics,” S&P said in a statement. What planet are you and Joe Biden and Barney Frank and Nancy Pelosi and Harry Reid from? “More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.” In the space of two years, you have done more damage to this economey — which means the future not only of this country but the rest of what you would disdain to call the civilized world — than any President in history. You are a poor man’s Jimmy Carter, a midget Herbert Hoover, a disaster for this country and the world. S&P said the negative outlook pointed to the possibility of lowering the rating to AA within two years if the government does not cut spending as much as currently pledged, or if higher interest rates and new fiscal pressures worsen the country’s financial picture. How was the barbecue yesterday? Thanks a lot. |
| Posted by:tipper |
| #13 Redneck Jim, if you want to peddle not so subtle expressions of happiness at the thought of no future Black presidents for a century, do it somewhere else. Last warning. |
| Posted by: lotp 2011-08-06 20:42 |
| #12 I tell the truth, and you jump on me like a duck on a june bug. WELL, should I have said Afro Half-American For Obullshit? |
| Posted by: Redneck Jim 2011-08-06 20:12 |
| #11 How in the hell has O'Bummer been allowed to operated without a budget since he was elected? And yet he has been spending money (our money) like some horny teen-age boy with a credit card in a wh0re house. |
| Posted by: JohnQC 2011-08-06 17:20 |
| #10 The Obama crowd have no ideas, only propaganda they've been fed since they were in diapers. We have a media-crowned "president" that wouldn't make a good elementary-school vice-principal as the most powerful man in the world forcing a socialist agenda down our throats, and the majority of Repuglycons don't have the stones to vigorously oppose him. The "debt deal" was a disaster. O'Bumble's presidency is a disaster. Pelosi/Reid/Biden are disasters. Obamacare is a disaster. We can only survive so many disasters. I wrote on my weblog a detailed plan that would have saved our AAA rating, and sent a copy to 40 different presidential hopefuls and congresscritters. I haven't gotten a single reply. It's time to take 'em all out, down to the GS-15 level, and start over. Article is here. |
| Posted by: Old Patriot 2011-08-06 15:06 |
| #9 I mean, McCain should have been screaming bloody murder about Fannie Mae and Freddie Mac back in 2008 but he didn't. Why not? Because he continued to think like a Senator. |
| Posted by: Pappy 2011-08-06 14:46 |
| #8 Any Republican candidate worth his or her salt will use this information to stymie BO's bid for reelection in 2012. The question is, how many of them actually will? I mean, McCain should have been screaming bloody murder about Fannie Mae and Freddie Mac back in 2008 but he didn't. Why not? Was he somehow complicit in that mess or is he just milquetoast? Can we get a Republican with candidate who will use this news for what it's worth? Please? |
| Posted by: Abu Uluque 2011-08-06 12:32 |
| #7 I have had the same thought as R.J. - assuming the 'thank you' part was sarcastic. Although, I could see someone like Allen West proving us both wrong. |
| Posted by: SteveS 2011-08-06 11:27 |
| #6 Painful yes, but this piece of crap must suffer continued administration policy and economic failure in order to be defeated in 2012. |
| Posted by: Besoeker 2011-08-06 11:09 |
| #5 There won't be another BLACK president for another Hundred years. THANK YOU BARRACK OBAMA |
| Posted by: Redneck Jim 2011-08-06 10:13 |
| #4 de Medici: Dancing over someone's economic misfortunes shows a definitive lack of class. I have upped by economic rhetoric. Up yours. |
| Posted by: badanov 2011-08-06 09:14 |
| #3 We have the best, most pampered and brightest leaders. Well, one out of three. Geithner: No Risk U.S. Will Lose AAA Credit Rating |
| Posted by: Eohippus Phater7165 2011-08-06 09:12 |
| #2 What? Just one comment to this post? Obama is the Messiah, THE ONE, Greek Columns and the sun rise of the hopes and change, the first half black President who toured Europe during the American Election to the ecstatic kisses of the French. He has single-handedly cleaned us out. No mean feat for a man who grew up in Indonesia with a mommy ( where was she born? New Jersey? ) who posed for skin pics and a daddy who was born among the kralls of Kenya. America, how DO you do it? Time Magazine and Newsweek and the NYT think he is the best thing since mustard all over your weenie. And were YOU invited to HIS BBQ the day the Dow Jones went down like the Titanic? When the dollar goes down guess what the gas prices at the pump do? Got a job? Awww, that's too bad. |
| Posted by: de Medici 2011-08-06 08:30 |
| #1 Obama has us over a barrel. This president sucks. |
| Posted by: Daffy Gonque2950 2011-08-06 07:11 |