Posted on 04/18/2011 10:09:25 AM PDT by Dubya-M-DeesWent2SyriaStupid!
The Obama administration moved swiftly Monday to downplay ratings agency Standard & Poor's downgrade of its U.S. credit outlook, calling the decision a political judgment that should not be taken too seriously.
The timing of S&P's announcement was unwelcome for the White House, coming just as President Obama tried to regain the initiative on the deficit debate in Washington.
Last week Obama laid out his plan to reduce the budget deficit by $4 trillion over 12 years, trying to give markets confidence that he was serious about tackling U.S. fiscal woes.
House Republican leader Eric Cantor on Monday called the S&P downgrade "a wake-up call" against those seeking to "blindly increase" the U.S. debt limit.
S&P downgraded the outlook for the United States to negative, saying it believes there is a risk U.S. policymakers would not reach agreement on how to address the country's long-term fiscal pressures by 2013.
He’ll probably go on TV this week to tell us how, if they will just make more “investments” with our money, they can get this ratings thing turned around. Some will believe him.
All going according to plan.
As predicted...he is too busy campaigning...
Obama is so transparently treasonous a fictional video predicted this...
http://www.youtube.com/watch?v=2N8gJSMoOJc&feature=pyv&ad=6050032234&kw=obama
Sadly yes. He will use this to make the debt ceiling go to infinity as OPEC tells the dollar to pound sand. All of this from his campaign and golf game...
Interesting how fast Jarret and Co moved to brand Standard and Poors as playing “political games”
It must suck to be them and live in a nation you hold in contempt, among people and organizations about whom you are so paranoid
Who the hell still believes a word from this clown’s mouth?
Obama: “Hey people are just going to have to make more sacrifices...now, where’s my 9-iron?”
Yeah.....I'm sure they would have issued the same statement if the S&P view were the opposite.
Ghoulsbee on CNBC called in political and shrugged it off.
Obama will use this to try and coerce the house republicans to raise the debt ceiling without any serious spending cuts...
If Obama is successful this country is doomed... and Republicans would be wise to get out front and tell people the danger of the debt.
I saw that as a breaking-news push alert on my phone and I went “Really, guys? S&P is part of the VRWC against you?”
He must be dumbfounded. The BS Artist In Chief didn’t fool the bondholders.
For some reason the threads link did not make it through as a clickable link.
http://www.cnbc.com/id/42645647
To me this makes it offical Obama has bankrupted this country.
satan urges America to ignore the truth.
LLS
You mean he took time out from his GOLF GAME?? Jeez, I wonder if CBS Snooze will comment on that???
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