Free Republic is your path to freedom
Give once
Or donate monthly and a sponsoring FReeper will contribute $10
Urgent: Save Lazamataz! Donate
Posted on 04/20/2011 11:36:51 AM PDT by Sub-Driver
Obama Officials Tried to Convince S&P Not to Issue Credit Warning
Published April 20, 2011 | FoxNews.com
Even though the White House has publicly downplayed the credit warning issued Monday from a leading agency, Obama administration officials were privately trying in recent weeks to convince Standard & Poor's not to lower its outlook for U.S. debt from "stable" to "negative," Fox News has confirmed.
But after a series of meetings between the Treasury Department and S&P, the ratings agency ignored the pressure and told administration officials late Friday that the U.S. government was at risk of losing its sterling credit rating, a senior administration official told Fox News.
The Washington Post first reported on the private meetings in which Treasury officials argued to S&P analysts that a ratings change was unnecessary because the nation's $14.3 trillion debt was under control and the administration had a feasible plan in the offing. Treasury officials also contended to S&P analysts that they were overlooking the ability of U.S. lawmakers to reach a compromise to tame deficits.
But the argument failed. The agency based its assessment on the sentiment that a budget agreement addressing the country's long-term deficit and debt problem might not be reached until after the 2012 election.
(Excerpt) Read more at foxnews.com ...
High crimes and misdemeanors.
At what point does the military step in to protect the Constitution? Or is everyone from the Executive to the Legislative to the Judicial branch and all through the military complicit in this “Big Lie?”
If George W. Bush had tried this, there would have been a 24/7 media freak-out.
No way this POS will be re-elected.
S&P is trying to burnish/salvage it’s reputation since 2004-2008 mushy, “oh what the heck” bond overstatements.
Glad they finally grew a pair. Now for some honest talk about Fannie, Freddie, SS, Medicare, Medicaid, etc.........
I’m waiting.........
I’m sure the FBI CZAR is all over this!!!
China also down graded it faith in the Obama’s spending spree.
Wasn’t the use of false ratings a big factor in the subprime mortgage mess?
Obama’s regime fails at yet another thing.
How many independent voters do you think will see this story?
Anyone surprised????
“Treasury officials argued to S&P analysts that a ratings change was unnecessary because the nation’s $14.3 trillion debt was under control and the administration had a feasible plan in the offing.”.....
This is unbelievable!....Trying to stack the deck for Obama!....When will this catastrophic disaster be gone?
Just “community organizing” the numbers.....Chicago style....FUBO!
AMEN!
If I had to take a media message from this, it is that the public supports Obama twisting S&P's arm to keep the gravy train rolling.
I don't like that message, but it may well be the case.
13 steps at a nominal 8” each give a height of 8’6”.
This gives an acceptable, average drop distance for a cleanly broken neck and humane death.
It also leaves the body handing off the ground, but close enough to be easily removed, allowing a low cart to be moved under the body and the corpse to be dropped into it.
Don’t mind me...... I tend to ramble when daydreaming. ;>)
exactly... no one will see this, no one will know about this.. and again, when I try to tell others in my circle about it, they will again say that I am just “making stuff up”...
I have no way of knowing that, but I can tell you that his little Facebook chat didn’t go well. You should read the comments. I would imagine from are from indies.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.