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Latest Articles: United States News
S&P Drops U.S. Credit Rating to AA+ // Obama and Reid’s Crowning Achievement (Democrats own the downgrade)
Post Date: 2011-08-06 09:08:23 by smokestack
2 Comments
S&P has dropped the U.S. credit rating from AAA to AA+: The United States’ credit rating was cut for the first time when Standard and Poor’s lowered it from triple-A to AA+, citing the country’s looming deficit burden and weak policy-making process. Standard and Poor’s on Friday revised the nation’s rating downwards to a AA+ with a negative outlook, despite a push back from the White House, which said the rating agency’s analysis of the US economy was deeply flawed. It was the first time the US was downgraded since it first received a triple-A rating from Moody’s in 1917; it has held the S&P rating since 1941. S&P further warned: The ...
The U.S. Is Downgraded, and Obama Will Be Too
Post Date: 2011-08-06 09:04:42 by smokestack
1 Comments
This is a terrible day. For the first time, the creditworthiness of the United States has been called into question by an independent entity, Standard and Poor’s, which has downgraded the country’s credit rating from AAA to AA+. Its statement features this terrifying phrase: “The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed.” S&P assigns blame to all players, and by seeing a “negative outlook” down the road, is saying it expects to downgrade to a simple AA within two years. The Left will and is already ...
S&P downgrades U.S. credit rating for first time
Post Date: 2011-08-05 20:54:22 by Get Outta Dodge!
27 Comments
Standard & Poor’s announced Friday night that it has downgraded the sterling U.S. credit rating for the first time. The move came even though the Treasury Department said that it had found a math error in the firm’s calculations of deficit projections, according to a person familiar with the matter. S&P decided to lower the AAA rating, held by the United States for 70 years, to AA+ after a bipartisan debt deal signed into law this week failed to assuage concerns about the nation’s growing spending. Analysts have said a downgrade could increase the cost of borrowing for the U.S. government and lead to tens of billions of dollars in more interest costs per year. That ...
Why was there neither rhyme nor reason as to which dealerships of the Chrysler Corporation were to be closed?
Post Date: 2011-08-05 19:23:01 by CZ82
1 Comments
Why was there neither rhyme nor reason as to which dealerships of the Chrysler Corporation were to be closed? Roll the clock back to the weeks just before Chrysler declared bankruptcy. Chrysler, like GM, was in dire financial straits and federal government "graciously" offered to "buy the company" and keep them out of bankruptcy and "save jobs." Chrysler was, in the words of Obama and his administration, "Too big to fail," same story with GM. The feds organized their "Automotive Task Force" to fix Chrysler and GM. Obama, in an act that is 100% unconstitutional, appointed a guy named Steve Rattner to be the White House's official Car ...
DRUDGE: 'Hundreds of young black people beating white people'...
Post Date: 2011-08-05 18:38:57 by Murron
16 Comments
DRUDGE: 'Hundreds of young black people beating white people'... I don't usually share photo's of my family, but this is one I am very proud of! I worried when my daughter moved away to Illinois, I wasn't sure if she'd keep up the traditions of our family, teaching our children respect, good moral values and how to protect themselves in any given situation...I shouldn't have worried, she sent this photo to me of my g-son a few days ago, it is my g-son, Ian, he's in several survival groups, nothing radical, just enough to protect himself and his family if it comes down to that.~ Murron MY GRANDSON, IAN! ******************************************* WEST ...
Obama mints pulled from college store
Post Date: 2011-08-05 17:12:07 by CZ82
4 Comments
Obama mints pulled from college store Up until recently, students at the University of Tennessee could get their breath ready for date night with a box of mints stamped with Obama’s visage. But the Obama mints were recently pulled because of a slogan printed on them. "This is change? Disappointmints" was stamped under Obama’s face on the small tin. The Knoxville News Sentinel reported that local legislator Joe Armstrong, a Knoxville Democrat, heard about the mints and spoke to the bookstore director who removed the product from the shelves. "If it was a book or something of that nature, fine, but that's sort of a discretionary product they have there. It ...
Kerry blasts GOP, media in debt deal
Post Date: 2011-08-05 15:02:03 by Get Outta Dodge!
3 Comments
WASHINGTON – Senator John F. Kerry said this morning that Congress was “taken hostage” by some House Republicans during the ferocious debt-limit debate that ended this week, and criticized the media for giving them a platform. Appearing on MSNBC’s “Morning Joe,” the Massachusetts Democrat said in an implicit reference to Tea Party Republicans who resisted raising the debt limit as “a group of people who are completely unaware or didn’t care about the consequences of their actions.” “They were actually arguing for a default, which would have been even more catastrophic with respect to what’s happening in Europe and what’s ...
When the Voters Get Whacked Again
Post Date: 2011-08-05 13:34:43 by Capitalist Eric
2 Comments
Promises to Save Us from Ourselves Yesterday, at opening bell, stocks paused for a moment and then barfed all over themselves. After that, they did it again…and again. When it was over the DOW had plunged 512 points and Wall Street had fully freaked out. Is this a sign of things to come or a fantastic opportunity to buy the dip? We’ll soon find out… But we won’t dwell on it today. For we have bigger concerns on our mind than the stock market…like a fading economy. And the government’s proclivity to do something remarkably stupid to try and fix it. Public faith in the government’s ability to control the economy is declining. And if it’s not, it ...
Congress Ratifies Obama's Hitler Coup [1933 "Enabling Act" Copied]
Post Date: 2011-08-05 13:23:22 by Capitalist Eric
8 Comments
REVERSE THIS TREASON NOW! Aug. 2—With the fate of the U.S. republic hanging in the balance, 269 members of the House of Representatives, on Aug. 1, cast their votes for President Barack Obama's copy of Adolf Hitler's Enabling Act of 1933, thus ratifying a measure that will, if implemented, rip up the American Constitution. Today, the Senate followed suit with a vote of 74 to 26, and sent the bill to Obama, who immediately signed it into law. "This vote brings us that much closer to the imminent destruction of the United States," declared Lyndon LaRouche on the evening of Aug. 1. LaRouche is leading a major mobilization to stop Obama's coup. "The people who ...
Cantor Opposes Extending Unemployment Benefits: We Need To Stop ‘Pumping Up’ Jobless Americans
Post Date: 2011-08-05 12:10:31 by Brian S
0 Comments
The unemployment rate inched downwards to 9.1 percent today, with private sector jobs increasing by 154,000. While a slight improvement, these better-than-expected figures provide little comfort to the 14 million Americans who are unemployed. 44.4 percent of the unemployed have been out of work for six months or more. For these Americans who are struggling to make ends meet, the federal unemployment benefits program provides much needed financial support. Every dollar the federal government spends in federal unemployment generates two dollars of economic growth. These benefits, however, are set to expire at the end of the year. In response to today’s jobs report, House Majority ...
Unemployment Benefits at Risk
Post Date: 2011-08-05 12:08:53 by Brian S
1 Comments
The debt ceiling agreement did little to help the millions of jobless Americans whose federal unemployment benefits are set to run out early next year. The unemployed had hoped that the debt ceiling deal would include an extension to file for federal unemployment benefits. But in the end, policymakers focused only on cutting federal spending. As it stands, most people laid off today will not be eligible to collect federal unemployment benefits after their state benefits run out. And those collecting federal benefits could find themselves cut off before receiving the full number of weeks for which they are now eligible. Here's how the system works: The jobless can collect up to 26 ...
Obama's Failed Presidency
Post Date: 2011-08-05 11:10:34 by smokestack
1 Comments
There comes a time and a point in history which indelibly define a President. Oftentimes the event may not be of major import in the greater scheme of things but the management of it is of such prominence that the success or failure in the handling of the issue is permanently attached to the individual. Such a moment has happened to Barack Obama. His incompetence, inability to lead, prevarications, petulance and immaturity in the debt ceiling crisis have indelibly created an image of abject failure in the minds of a critical mass of people in the United States and around the globe. He will never be able to overcome the portrait that has been etched in too many mind Little does Barack Obama ...
Disapproval Rate for Congress at Record 82% After Debt Talks [Full Thread]
Post Date: 2011-08-05 10:19:13 by lucysmom
52 Comments
The debate over raising the debt ceiling, which brought the nation to the brink of default, has sent disapproval of Congress to its highest level on record and left most Americans saying that creating jobs should now take priority over cutting spending, according to the latest New York Times/CBS News Poll. A record 82 percent of Americans now disapprove of the way Congress is handling its job — the most since The Times first began asking the question in 1977, and even more than after another political stalemate led to a shutdown of the federal government in 1995. snip The Republicans compromised too little, a majority of those polled said. All told, 72 percent disapproved of the way ...
Transgender training for TSA staff after agent 'fired for using women's toilet' wins payout
Post Date: 2011-08-04 22:25:48 by Sebastian
11 Comments
A transgender TSA agent fired from her job at an airport for using the women's toilet has received a five-figure pay-out from the agency.Ashley Yang was fired from her job at Los Angeles International Airport after allegedly being ordered to dress like a man and pat down men.She had informed human resources that a background check would reveal she was born male and had not undergone sex reassignment surgery.Lawsuit: Ashley Yang was fired from her job at Los Angeles International Airport after allegedly being ordered to dress like a man and pat down men 'I feel female - I don't think anyone considers me male,' Ms Yang told In The Life.'The hormones have given me a very ...
Heat Waves Pushes Texas Power Grid Into Red Zone
Post Date: 2011-08-04 20:39:34 by Brian S
1 Comments
(Reuters) - The Texas power grid operator has scrambled this week to meet soaring electricity demand in the face of a brutal heat wave, and residents of the second most populous U.S. state are one power plant shut-down away from rolling blackouts. Power demand for Electric Reliability Council of Texas, Inc, or ERCOT, which runs the power grid for most of the state, hit three consecutive records this week as Texans cranked up air conditioners to escape one of the hottest summers on record. The grid operator on Thursday cut power to some big industrial users, and businesses and households face a repeat of the rolling blackouts they faced in February, when a bitter cold snap interrupted ...
Analysis: Obama, Bernanke out of ammo to boost jobs, growth [They're Gonna' PRINT, Baby, PRINT!!!]
Post Date: 2011-08-04 19:06:28 by Capitalist Eric
14 Comments
(Reuters) - The United States has a jobs problem and there's not a lot President Barack Obama or Federal Reserve Chairman Ben Bernanke can do about it. In the face of rising risks of a recession that could imperil his re-election chances next year, Democrat Obama wants Congress to extend a payroll tax cut and emergency unemployment benefits that are due to expire in December. But the Republican-controlled House of Representatives is emboldened by budget concessions it made Obama swallow to lift the country's debt limit this week and he has little political leverage to win significant fresh spending to aid growth. "Obama does not have much presidential persuasion left. He ...
Ohio Puts Repeal Of Kasich's Anti-Union Senate Bill 5 On The November Ballot
Post Date: 2011-08-04 12:43:53 by Brian S
3 Comments
The five-member Ohio Ballot Board voted unanimously to present voters with a clear “yes” or “no” choice on Gov. John Kasich’s (R) wildly unpopular anti-union bill he signed into law in March. Supporters of the law tried to “turn the voter referendum on its head” by submitting ballot language in which a “yes” vote would actually register rejection of the law — a move that would be “unprecedented” in Ohio’s history. But the We Are Ohio coalition — which collected over 1.3 million signatures to repeal the law — prevailed. When voters go to the polls on Nov. 8 to vote on “Issue 283;, the language will reflect the ...
Rivals in G.O.P. Struggle to Woo Bush’s Donors
Post Date: 2011-08-04 10:53:19 by war
1 Comments
The calls come at least once a week these days, with growing urgency: friends of the Republican presidential candidates, aides to the candidates, and often the candidates themselves, wondering if Al Hoffman Jr. might be ready to lend a hand. “How are you doing? What are you feeling? What are you thinking?” Mr. Hoffman, a Florida real estate developer who was a co-chairman of George W. Bush’s presidential campaigns, said in describing the calls. But Mr. Hoffman, one of the Republican Party’s most sought-after fund-raisers, remains unconvinced that he should tap into his extensive network of contacts to raise money for any of them. “None of the candidates have ...
High-speed rail money on hold
Post Date: 2011-08-04 01:13:40 by socalv8
0 Comments
New York state last month almost lost $450 million allocated for passenger rail improvements across the state. But an effort in the U.S. House of Representatives to redirect the federal money elsewhere was defeated. Still, the money won't be released, if it's still available, until the state Department of Transportation, CSX Corp. and Amtrak reach agreements on such issues as land and track leasing, dispatching trains and maintaining the right of way, service performance and other operating and management issues. The Federal Railroad Administration must then approve each agreement. Time may be a factor. Officials say privately that they wouldn't be surprised if there's ...
Six California Police Officers Placed on Leave in Homeless Man's Death
Post Date: 2011-08-03 21:28:00 by Murron
19 Comments
Six California Police Officers Placed on Leave in Homeless Man's Death Residents of Fullerton, California, protest the death of Kelly Thomas in front of the Fullerton County Police Department last week. Los Angeles (CNN) -- Six Fullerton, California, police officers were placed on involuntary administrative leave as the FBI and Orange County District Attorney investigate the death of a homeless man who was in police custody, authorities said Wednesday. The decision by Police Chief Michael Sellers came just hours before a contentious Fullerton City Council meeting Tuesday evening. More than 100 residents spent three hours at the meeting expressing outrage about the death of Kelly ...
Judge allows American to sue Rumsfeld over torture
Post Date: 2011-08-03 21:09:15 by Sebastian
0 Comments
A federal judge has ruled that former Defense Secretary Donald H. Rumsfeld can be sued personally for damages by a former U.S. military contractor who says he was tortured during a nine-month imprisonment in Iraq. The lawsuit lays out a dramatic tale of the disappearance of the then-civilian contractor, an Army veteran in his 50s whose identity is being withheld from court filings for fear of retaliation. Attorneys for the man, who speaks five languages and worked as a translator for Marines collecting intelligence in Iraq, say he was preparing to come home to the United States on annual leave when he was abducted by the U.S. military and held without justification while his family knew ...
GOA Chief: Super Congress ‘Will Lead Us Into Dictatorship’
Post Date: 2011-08-03 13:51:50 by Capitalist Eric
2 Comments
Gun Owners of America chief Larry Pratt warns that the new “Super Congress” created by the debt deal will lead America into dictatorship, labeling the move a “coup d’état” by the political class aimed at transforming the entire structure of government in the United States. Comparing the super committee to Plato’s council, Pratt pointed out that it would take just 34 Senate votes to sustain a bill put forward by the group, noting that it has been set up specifically to prevent lawmakers getting in the way of its agenda by necessitating a super majority to overturn anything introduced by the committee. “The first act of the next Congress hopefully ...
Debt drama takes political toll on Obama
Post Date: 2011-08-03 12:24:14 by calcon
6 Comments
Reporting from Washington— Though he succeeded in staving off a historic default, President Obama emerges from the debt talks in a weakened political position with limited influence over a divided Congress. The protracted debate over the federal debt ceiling came to an official end Tuesday as the Senate, by a 74-26 vote, approved the compromise bill hammered out over the weekend. Obama signed it hours later. Administration officials concede the debate gave the public a look at government sausage-making at its worst. And White House officials also know that as president, Obama is the most visible symbol of a government that voters see as badly dysfunctional. The turmoil in ...
LaHood Blames His Former GOP Colleagues For FAA Impasse [Full Thread]
Post Date: 2011-08-03 11:38:32 by Brian S
99 Comments
Transportation Secretary Ray LaHood on Wednesday blamed "one or two people who wouldn't compromise" for the impasse in Congress that has led to a partial shutdown of the Federal Aviation Administration (FAA). LaHood, a Republican who served in the House, called in to C-SPAN's "Washington Journal" show to rip Congress for not passing an FAA reauthorization bill before recessing for the summer. LaHood did not specify the one or two people he was talking about, but praised Senate Majority Leader Harry Reid (D-Nev.) for putting aside his state and ego to resolve the stalemate. He said Reid was willing to move a House-passed bill through the Senate even though it ...
Tropical Storm Emily: Southeast Faces a Close Encounter
Post Date: 2011-08-03 11:30:21 by Brian S
0 Comments
Tropical Storm Emily is still on track to slam into Hispaniola tonight, then make a close encounter with the southeastern U.S. this weekend. Emily is less than 18 hours from making its first landfall in Hispaniola, creating misery and threatening lives in Haiti and neighboring Dominican Republic. After spreading heavy rain across Puerto Rico today, Emily will reach southern Hispaniola early tonight as a strong tropical storm. The AccuWeather.com Hurricane Center has more information on Emily's current position, strength and movement. Any intensification Emily undergoes today will be erased by its interaction with the mountains that rise to around 10,000 feet on Hispaniola and 4,000 ...
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