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Obama Plays Down S&P Outlook Change
http://www.cnbc.com/id/42645647 | Monday, 18 Apr 2011 | 12:28 PM ET | cnbc.com/Reuters

Posted on 04/18/2011 10:09:25 AM PDT by Dubya-M-DeesWent2SyriaStupid!

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To: Carley

Yeah I noticed that. Will he be flying over NC looking down and the media criticizes him on his way to a golf game?

We need to organize a protest DC ASAP or do something BIG in a HUGE letter signed by millions to the GOP and all the LAWYERS working in the judiciary to DO THEIR JOBS! I think Obama knows gas is unaffordable as we all lose jobs and suicides arise so he thinks he is scott free.

I HAVE HAD E N O U G H!


41 posted on 04/18/2011 11:04:27 AM PDT by Dubya-M-DeesWent2SyriaStupid! (Obama:If They Bring a Knife to the Fight, We Bring a Gun (the REAL Arizona instigator))
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To: Dubya-M-DeesWent2SyriaStupid!

I’d like to see impeach rallies, you know, kinda plant the seeds.

Wisconsin outsmarted the commies in our supreme court election, and that’s a great start, but, we need some covert types to spoil thier game for good.
Any and all tricks to confuse thier base, rattle thier leaders, and have an everyday different problem for thier side to contend with would be a good for our side.


42 posted on 04/18/2011 11:11:20 AM PDT by devistate one four (United states code 10.311 Militia Kimber CDP II .45 OORAH! TET68)
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To: Dubya-M-DeesWent2SyriaStupid!

ODouchebag is the one being political. Apparently he thinks we’re as stupid as he is, by trying to keep up this schtick.

On one hand he’s telling us we’re broke as heck, and need to raise the debt ceiling....it’s an emergency and our economy will default if we don’t do something drastic.

Then on the other hand, he’s trying to convince us that others who say this same thing, are just being political and there’s no problem?

What a dumbass.


43 posted on 04/18/2011 11:15:07 AM PDT by Lucky9teen (Jobs? Nope! Economy? Nope! Disarm the U.S? Yep! Impeach the treasonous Marxist Muslim usurper bast)
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To: Dubya-M-DeesWent2SyriaStupid!
The Obama administration... called the decision a political judgment that should not be taken too seriously.

Obama, YOU are a political joke that should not be taken too seriously, but we must because every decision you make turns out to be a f***ing disaster for the nation and it's people! Republicans, Impeach this cheap turd in an overpriced suit.

44 posted on 04/18/2011 11:17:25 AM PDT by theDentist (fybo; qwerty ergo typo : i type, therefore i misspelll)
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To: Dubya-M-DeesWent2SyriaStupid!

Today’s S&P downgrade of US debt is akin to the Titanic Watch spotting the iceberg and sounding the alarm ICEBERG DEAD AHEAD...

Raising the Debt Ceiling with the bells ringing is akin to the captain ordering DAMN THE ICEBERG, FULL SPEED AHEAD...


45 posted on 04/18/2011 11:17:54 AM PDT by RobFromGa
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To: Dubya-M-DeesWent2SyriaStupid!

In Obama’s political judgement this is not to be taken seriously.
So, now we know. Is anybody really surprized?


46 posted on 04/18/2011 11:19:10 AM PDT by Wiser now (Liberalism is immaturity, cloaked with the pretense of moral and intellectual superiority.)
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To: Wiser now

The Dollar has lost it value because of racist Countries


47 posted on 04/18/2011 11:28:00 AM PDT by scooby321
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To: Dubya-M-DeesWent2SyriaStupid!

WOW! An 18 hole day.


48 posted on 04/18/2011 11:31:35 AM PDT by bikerman (Where Has My America Gone?)
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To: Dubya-M-DeesWent2SyriaStupid!

(What I’d like to say would get me banned.)


49 posted on 04/18/2011 11:37:36 AM PDT by The Sons of Liberty (Psalm 109:8 Let his days be few and let another take his office. - Mene, Mene, Tekel, Upharsin)
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To: Red in Blue PA

“Who the hell still believes a word from this clown’s mouth?”

Probably most of the people who voted for him. As I’ve said before, he’d have to divorce and marry Al Sharpton before any of these folks would wake up.


50 posted on 04/18/2011 11:41:17 AM PDT by Rennes Templar
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To: colorado tanker

You can fool people but you can’t fool money.


51 posted on 04/18/2011 11:42:49 AM PDT by henkster (Every member of Congress must put the fate of the nation over their next re-election campaign)
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To: JPG
Don't forget "Green Jobs" 0bama's Green Jobs
52 posted on 04/18/2011 11:47:28 AM PDT by henkster (Every member of Congress must put the fate of the nation over their next re-election campaign)
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To: devistate one four
JAY-TALKING: Here’s what you need to know from Monday’s White House briefing with press secretary Jay Carney:

-- Carney downplayed an S&P analysis downgrading the U.S. credit outlook because of deficit concerns, arguing that the report also said the economy is strong. And he said ordinary people are thinking about gas prices and that “they’re not talking about the S&P analysis today.”

-- This was Carney’s argument for why the United States shouldn’t default on its debt: “We have the largest economy in the world, the most important economy in the world. The world looks to us for economic stability. The world obviously takes – has a lot of faith in our currency and U.S. treasuries, and a failure to meet our obligations would be a grave mistake.”

-- Asked about the White House's previous insistence that a debt limit bill be free of other measures, Carney argued that “the cleanliness of this bill is not the issue.” (The issue, he said, is that the debt ceiling must be raised.)

-- Carney wouldn’t comment on the newly released WikiLeaks cables that revealed the United States has been supporting the opposition in Syria. He called them “alleged leaks of classified material.”.

April 18, 2011 - 12:00PM

CARNEY BRIEFS: White House press secretary Jay Carney says what Americans are thinking about -- gas prices -- and "they're not talking about the S&P analysis today."

Is the White House bracing for higher gas prices? "We're not predicting higher, lower -- we're not in that business."

Last question -- the first Libya question of the briefing. Is there any consideration of the United States taking on a larger role?

"We believe that NATO has the capability and capacity" to complete its mission, Carney says. He adds that the United States "has no plans to change our posture" and that the White House has a "great deal of faith" in NATO.

Carney starts to leave ... then a reporter reminds him that he said he'd call on a specific reporter, so he takes an encore question from Sam Stein. It's on the cap on damages from the BP oil leak. Carney says the White House has issued drilling permits if the oil industry proves it can contain a spill, as he said earlier.

Then another question -- more on gas prices, one of Carney's favorite subjects of late. What can Obama do to help people who have to pay a lot for gas? "We are, again, very focused on this, extremely aware of the burden that it creates," Carney says. "There are no silver bullets to alleviate this problem."

"It's important for everyone here who talks about and writes about this issue to acknowledge the fact that administrations and Congresses in the past have not succeeded in addressing this issue for the long-term, which is why we continue to have these cycles of price hikes ... followed by a lull," he says. "This president's focused on a long-term solution so that Americans in the future and his successors have a policy in place that means we will not suffer ... the impacts of serious spikes."

And that's it. (1:21 p.m.)

The deficit and more, after the jump ...
 .


FROM THE TOP -- White House press secretary Jay Carney begins his briefing by announcing that President Obama called Israeli Prime Minister Benjamin Netanyahu to talk about the beginning of Passover. Obama noted that he would host a seder, Carney says.

Then, Obama and Netanyahu talked about Middle East peace and other counterterrorism matters, including the Iron Dome missile defense system. (12:29 p.m.)

Taking questions, Carney is asked about the S&P's downgraded rating of the U.S. outlook. Carney focuses on the bright spots of the report -- he says the economy is "strong" and "dynamic," and he notes that Obama and Republicans have agreed on a number to cut from the deficit. He calls that an "enormously positive development."

As for its “political analysis,” Carney says that “we simply believe that that process is better. ... We believe that the political process will outperform the S&P’s expectations.”

Then, Carney says an observation of gridlock in Washington "is not one we would disagree with." He cites Ronald Reagan-Tip O'Neill and Bill Clinton-Newt Gingrich as president-speaker deals that have been made, and he adds Barack Obama-John Boehner to the list.

Carney calls the report "another indication" that a deal is needed on the deficit. (12:32 p.m.)

President Obama spoke with Gov. Sonny Perdue and Gov. Robert Bentley on Sunday to "express his condolences" for the damage caused by storms in the South, White House press secretary Jay Carney says.

He says the White House has "folks on the ground."

Back to the deficit, Carney says that any bipartisan agreement on fiscal reform is a welcome one. He says he believes an agreement can be reached, and that "we rest our faith in that."

Asked if forming a new deficit group could undermine the work of the so-called Gang of Six, Carney says all "existing groups" are contributing good work.

He then cites fiscal types, like former Comptroller David Walker, and says there's a "building consensus" on how to "approach this problem." (12:38 p.m.)

Jay Carney offers an explanation for why President Obama is touring the country to talk about the deficit: "You can't just say these things once."

The White House press secretary then says most Americans aren't concerned with this "arcane" and "esoteric" stuff as much as they are with the economy, jobs and gas prices. (12:41 p.m.)

The former journalist Jay Carney offers a bit of press criticism, arguing that Obama never said that he's opposed to "signing statements" on the budget. He says some reporting on that has been wrong; he then quickly notes that most of the reporting on it recently has been accurate.

Citing work done by the reporter Charlie Savage, Carney says Obama made it very clear "explicitly" that signing statements "need to be retained." But he says Obama said he "would not abuse them." (12:44 p.m.)

Jay Carney is asked to explain why bumping against the debt limit is so important. The White House press secretary is ready with a quick response: "We have the largest economy in the world, the most important economy in the world. The world looks to us for economic stability. The world obviously takes -- has a lot of faith in our currency and U.S. treasuries, and a failure to meet our obligations would be a grave mistake."

Defaulting is bad for individuals, and worse for a country, Carney argues.

Carney is then asked about the White House's previous insistence that a debt limit bill be "clean" and free of other measures. "The cleanliness of this bill is not the issue,” he says. “The issue here is that ... the debt ceiling has to be raised, and it cannot be held hostage to a process that is very complicated and difficult."

Shifting into foreign affairs, Carney is asked about the United States' support for Syrian opposition, detailed in newly leaked WikiLeaks cables. "We're not going to comment on alleged leaks of classified material," Carney predictably says. (12:48 p.m.)

White House press secretary Jay Carney calls a U.S. default on its debt "unthinkable." He says doing so would "immediately arrest" the economy recovery and potentially cause "a global problem."

"And that would make everything else we need to do so much harder," he says.

A year after the BP oil leak, a reporter asks Carney to reflect on what has happened since then. Carney is happy to talk about it. He says the administration has "insisted" that the drilling industry "demonstrate its capacity to contain a spill like the one we saw in the gulf" before permits are granted.

Carney says it's important to drill for oil, but "safely." (12:51 p.m.)

Asked to explain the selection of news stations given the chance to interview President Obama today, White House press secretary Jay Carney says that "we do a lot of these."

"We look at different states, different markets, where the president wants to carry his message," he says. "You've got to reach Americans where they are." Carney adds that many Americans get a "large amount of their news from local television." (12:59 p.m.)

Carney is thrown some more deficit questions. "You don't want the instability caused by any doubt about Congress's inability to raise the debt ceiling," he says. He then reads a quote from Moody's that credits Obama's speech with positively affecting the fiscal debate. "That is Moody's," he says several times.

"Look, I'm not a market analyst," he then says when asked about any weight S&P has over Moody's. (1:02 p.m.)

Jay Carney says he doesn't know if President Obama and John Boehner spoke about Iraq before the House speaker went there.

"We think it's a good thing" that Boehner visited, Carney says. He then adds that "this president has drawn down" troops there. (1:06 p.m.)

"We are pursuing deficit reduction aggressively," White House press secretary Jay Carney says when asked about the timing of the Treasury Department's needs for certainty on a plan.

"Playing chicken," he says, is "not what congressional leaders meant" when they said the debt limit would be raised. Carney adds that Obama "takes them at their word."

Using another metaphor, Carney says the White House will "push that boulder up the hill." (1:11 p.m.)

What talks are happening about tapping the oil reserves? Carney says the White House is "constantly" evaluating "options." He says that "you have to be very careful" -- because if the reserves are tapped because of price concerns, and then there's a "disruption," that's bad.

"There are no short-term fixes," he says. (1:13 p.m.)

April 18, 2011 - 10:05AM


53 posted on 04/18/2011 12:01:10 PM PDT by Dubya-M-DeesWent2SyriaStupid! (Obama:If They Bring a Knife to the Fight, We Bring a Gun (the REAL Arizona instigator))
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To: Qbert
Smells like some serious blood in the water here...

Yup, watch what they do, not what they say.

Why'd they bother to move swiftly, if this was "just politics"? Why address it, at all?

54 posted on 04/18/2011 12:09:18 PM PDT by wbill
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To: Rennes Templar

I thought Obama despised rich fat cats much less getting a tax refund?

http://abcnews.go.com/US/wireStory?id=13401680


55 posted on 04/18/2011 12:09:21 PM PDT by Dubya-M-DeesWent2SyriaStupid! (Obama:If They Bring a Knife to the Fight, We Bring a Gun (the REAL Arizona instigator))
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To: MikeSteelBe

That is partially true. Voters and real people do pick the candidates in the primaries. True - the RNC and media influence people. But another major problem is dems voting in primaries. Like salmon swimming upstream we have to somehow attempt to offset these tricks. Not easy.


56 posted on 04/18/2011 12:10:31 PM PDT by plain talk
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To: Dubya-M-DeesWent2SyriaStupid!
Man, talk about a tin ear.

He just blew an opportunity.

57 posted on 04/18/2011 1:19:13 PM PDT by Carry_Okie (The power to manage "The Environment" is the power to control the entire economy.)
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To: JIM O
... Apparently our only limitation to our debt ceiling and deficit is how many trees we can get our hands on. ...

Actual the limit is infinite since its created using 1's and 0's in the ether-sphere.
58 posted on 04/18/2011 1:38:48 PM PDT by algernonpj (He who pays the piper . . .)
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To: ex-snook; Dubya-M-DeesWent2SyriaStupid!
The economy has tanked since we started to exchange jobs and factories for cheaper shopping center items in a bi-partisan sell out to Wall Street.

Yup ... Its very important to remember that Zero is just executing the coup de grace.

We've hit the point where the tanking economy can no longer be hidden by access to cheap credit, electronic toys made by neo-slaves in third world countries, and statistics (CPI, GDP, Unemployment)from the BLS 'enhanced' by hedonics, quality adjustments, substitution effects, geometric weighting, intervention analysis, and whisking the long term unemployed out of the civilian population into the nether world.
59 posted on 04/18/2011 1:54:55 PM PDT by algernonpj (He who pays the piper . . .)
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To: Carry_Okie

He knows exactly what he is doing. Trying to raise the debt ceiling to infinity and destroy America.


60 posted on 04/18/2011 1:58:51 PM PDT by Dubya-M-DeesWent2SyriaStupid! (Obama:If They Bring a Knife to the Fight, We Bring a Gun (the REAL Arizona instigator))
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