Jamie Dupree has an interesting collection of comments from both Dems and Repubs on this:
The contrast is fascinating
Posted on 08/06/2011 6:28:50 AM PDT by markomalley
I’d like to think this would be a slap in face wakeup call to Democrats and President Obama, but it won’t. They’ll say it shows we need more taxes for them to spend even more.
Bachmann has good rhetoric but would be crushed by Obama, couldn’t even get 40 percent in her home state.
“President Downgrade” declares victory!
“Weak” leader, but one of the most successful ever in pushing liberal programs and idolized by tens of millions of the uninformed.
“If this downgrade holds...."
If he thinks the US should try to pressure the S&P to reverse their downgrade, he is not the type of person that represents us. Given the fiasco with the mortgage debt mess, the rating agencies would be wise to downgrade the US Treasury debt even more. We simply should not have debt in excess of the GDP.
Isn’t another problem most funds are trapped and can’t sell downgraded bonds on the week-end?
As strange as this seems, there is nothing to stop the downgrade at AA+. It could well continue.
If the market has another couple weeks like the last one, it wouldn’t surprise me to start seeing calls for Obama to step down. By democrats.
If that happens, impeachment is not off the table anymore. I’m not predicting it yet, but I am watching things move toward it.
If Democrats don’t change horses they are the ones who are going to lose, no need to be pessimistic about any of the Republican candidates
This is when we’ll see a troll pop up.
Bambi and the RATS are the winners here. This gives them the opportunity for a total takeover of the country under the guise of it being a national emergency.
Where’s Mr. GOP Mitt Romney? Waiting on focus group results?
Here is a story that broke several weeks ago. I read this story on July 27th and told several of my friends about it. It claimed that an anonymous trade was made for close to Billion dollar on a futures trade against the U.S. interest rate increasing. They were betting on either a default or a downgrade. The payout was 10-1. Soros strikes again?
http://www.unknowncountry.com/news/mysterious-billion-dollar-bet
Jamie Dupree has an interesting collection of comments from both Dems and Repubs on this:
The contrast is fascinating
Who would have ever thought that “President Food Stamp” would be an understatement?
It is amazing how the Deomcrats are hellbent on raising taxes. Their base will revolt if their handouts are cut, so they continue to press for even more of the spending that has brought us to this point. The Democrats appear confident that the voters will forget all of this next November. On the other hand, I suspect the Democrat base will be quite demoralized by November of 2012.
The Republicans need a unified message: Democrat spending, taxes and regulation have created this mess. The solution is to cut spending now.
The Macroeconomic Effects of Tax Changes:
Estimates Based on a New Measure of Fiscal Shocks
By Christina D. Romer and David H. Romer
http://emlab.berkeley.edu/users/dromer/papers/RomerandRomerAERJune2010.pdf
“Our baseline specification implies that an exogenous tax increase of 1% of GDP lowers real GDP by almost 3%”
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.