Posted on 08/05/2011 10:45:42 PM PDT by tobyhill
The Obama administration attacked the credibility of the analysis underlying Standard & Poor's decision to downgrade the United States' top credit rating on Friday, saying it had found a $2 trillion error.
S&P was forced to remove the number from its analysis after Treasury officials discovered that the rating agency's estimates of the government's discretionary spending was $2 trillion too high, sources familiar with the discussions said.
(Excerpt) Read more at reuters.com ...
I posted on another thread how shocked I was that a normal news broadcast (usually pro-Obama, pro-Communist) stated that he wanted to delay any budget cuts until after the 2012 election. I’d never heard that in clear, non-accented English before on the radio; somebody probably got executed for letting that by the censors...
“I don’t see hardly anything that Obama or the Dems can pin blame directly on the Tea Party or Repubs. It looks to me like S&P squarely places the blame at Obama’s and the dem’s feet.”
We’d better start pointing that out publicly, loudly and clearly, ‘cuz the lefties are already spinning it otherwise. Watching Anderson Cooper - much talk about how no one should “politicize” this and how important it is for politicians to all “work together”. He read a statement from Harry Reid saying this points out how much we MUST have a “balanced approach” with cuts AND raising revenues.
Yup, they’re falling all over themselves in panic over there at CNN.
Which is why they can't and won't do that. They sell one thing, their credibility.
What did Obama & the obstructionist Senate say?
Harry Reid: "Over, Done, Dead"
White House: "Duck, Dodge and Dismantle."
I was thinking the same thing.
Oh well, holidays are better without loads of smarmy relatives around aren't they? lol
i agree with obama. s&p lack credibility. US bond should be junk status
He can protest publicly all he wants, but the downgrading of America on all fronts IS the Transformation of the United States of America he promised.
The "progressives" are running out of people to blame for this mess. Ha ha ha.
Of course he attacked the credibility of the truth tellers - it’s one more prediction he got wrong. No wonder he’s called “Zero” - what he says and what happens never coincide - he’s zero for everything...
RACISTS!
That is liberal-speak for "it's clearly our fault" so don't make an issue out of it.
How about conservatives who took their ball and went home in 08?
I’m already hearing news reports on leaders like Jim DeMint and Michelle Bachman calling for Geithner’s firing, which I support.
But the disturbing news I’m hearing is that John Corzine’s name is being tossed around as a replacement..and that CANNOT be allowed to happen. Another Goldman Sachs alumni, hedge fund owner and now, thanks to Chris Christie, an ex-governor of New Jersey. He’d finish the job for 0bama. Pop this trial balloon before it has time to flourish.
Of course, my pick would be Paul Ryan...but that won’t happen, either. At least for 18 more excruciating months.
;)
Everyone seems to have forgotten how “Chicago Politics” got this man child elected to the state house and later to the senate. Just wait until his opponent is chosen for the 2012 election. Photo shopped pictures with barnyard animals of the opponent that Barry will know nothing about will suddenly appear on all the media whore stations.
Took only four post to predict S&P's future. Ya just got to love FR...
5.56mm
>>> He can protest publicly all he wants, but the downgrading of America on all fronts IS the Transformation of the United States of America he promised.
I couldn’t agree more.
Check out this video: http://www.youtube.com/watch?v=ovlrsFmrGiI
Since Obama got elected, the MSM tossed away any pretense of fairness. They are a national ENEMY just like Obama.
I can just see Reagan debating the Obammunist: “ There you go again “ LOL!
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