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Title: BLAME OBAMA FOR STANDARD AND POOR’S DOWNGRADE OF AMERICA’S AAA CREDIT RATING
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URL Source: http://imkane.wordpress.com/2011/08 ... of-americas-aaa-credit-rating/
Published: Aug 6, 2011
Author: imkane
Post Date: 2011-08-06 11:42:11 by smokestack
Keywords: None
Views: 3743
Comments: 7
No doubt the talking heads, pundits, and journalists in the mainstream media will blame the Bush Administration, Republicans in Congress, and even the Tea Party for Standard and Poor’s downgrade of America’s AAA credit rating for the first time in 70 years, but responsibility for the country’s financial mess and staggering levels of debt belongs to the Ruler and his Bread and Circuses administration for their unprecedented government spending and borrowing. Since President Obama took office in January 2009, the United States has embarked on the most ambitious failed experiment in Washington meddling in US history. Huge increases in government spending, massive federal bailouts, growing regulations on businesses, thinly veiled protectionism, and the launch of a vastly expensive and deeply unpopular health care reform plan, have all combined to instill fear and uncertainty in the markets. Free enterprise has taken a backseat to continental European-style interventionism, as an intensely ideological left wing administration has sought to dramatically increase the role of the state in shaping the US economy. The end result has been a dramatic fall in economic freedom, sluggish growth, poor consumer confidence, high unemployment, a collapsing housing market, and an overall decline in US prosperity, with more than 45 million Americans now reliant on food stamps – that’s over one seventh of the entire country.
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#1. To: smokestack (#0)
That's because that is who Standard and Poor’s blamed for the downgrade.
With the economy still in the dumper -- maybe permanently? -- and full-time jobs becoming as scarce as rain during a drought, huge percentages of Americans have had their (misplaced) faith in the American dream shaken, the upper-middle-class consumerist lifestyle is exposed as a mirage for anybody who plays by the rules. Capitalism and the America that embraced it as a way of life is now and forever more a failure. It does me good to know that the generation that voted in Reagan and his ideology will see their America die from that ideology before their very own eyes and knowing they had a hand in its destruction.
Then why is 0bama scrambling to cover his ass over his fuck up: The Obama administration cites a calculation error by Standard and Poor’s for the downgrade, saying the firm was off by $2 trillion dollars in their calculation of America’s debt.
Snicker. If true, it's not, Obama appears even weaker. "Bad math! Bad math!"
It sure does. I don't get why you assume I am pro Obama but to retarded Republicans they only see the world in limited ways being inbred as they are. Actualy this shows that the USA is finished as world power. Can't wait for the killing blow. And it was a wound inflicted by so called "patriot" right wingers. Buh bye America. It was fun while it lasted.
With the economy still in the dumper -- maybe permanently? -- and full-time jobs becoming as scarce as rain during a drought, huge percentages of Americans have had their (misplaced) faith in the American dream shaken, the upper-middle-class consumerist lifestyle is exposed as a mirage for anybody who plays by the rules. Capitalism and the America that embraced it as a way of life is now and forever more a failure. It does me good to know that the generation that voted in Reagan and his ideology will see their America die from that ideology before their very own eyes and knowing they had a hand in its destruction.
I think Obama's gang is making this stuff up.
The Conservative wing of the Republican party sure has you hippies in a tizzy. Sheesh.
No doubt the talking heads, pundits, and journalists in the mainstream media will blame the Bush Administration, Republicans in Congress, and even the Tea Party for Standard and Poor’s downgrade of America’s AAA credit rating for the first time in 70 years,
#2. To: Godwinson (#1)
#3. To: smokestack (#0)
#4. To: Godwinson (#1)
That's because that is who Standard and Poor’s blamed for the downgrade.
#5. To: socalv8 (#4)
Snicker. If true, it's not, Obama appears even weaker.
#6. To: smokestack (#2)
The Obama administration cites a calculation error by Standard and Poor’s for the downgrade, saying the firm was off by $2 trillion dollars in their calculation of America’s debt.
#7. To: Godwinson (#5)
Can't wait for the killing blow.
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