With a $14 Trillion deficit and a $200+ Trillion funding deficit in SS, SSI and Medicare, $2 Trillion is a rounding error.
LOL....he’s done : )
S&P is about to find out that you don’t screw with der Fuhrer and his Chicago Gestapo. They are about to be skewered by Barry’s toadies in his state run “media”.
brocko should not whine about this.
Any community organizer worth a damn would already have rented a mob to go to S&P headquarters and demonstrate every day until they said “shazzam!”.
Time to restore my standard tagline.
They probably said the same thing in Kenya when the whites left...and the trains haven’t moved since.
Reality has set in; it doesn’t matter what “they” say.
Wasn’t S&P’s offices raided by the fed prior to this downgrade???
Seems like I saw a story on this yesterday.
Maybe Obama expected... errr... WANTED the downgrade to be lower than AA+.
Maybe this is his way of getting what he really wanted.
Obama is an idiot.
WH says its S & P’s fault not the Tea Partys or GOPS.
Maybe the people who run S&P are simply racist will be the talking point by Sunday.
This is what democrats do. That evil S&P.
Maybe the S&P’s execs were teed off because they weren’t invited to the Obama hip hop BBQ thing?
That sort of thing might make good copy, but it's not going to convince investors who want to see real numbers. Our debt to income ration is preposterous. You can't blame anyone for downgrading our credit-worthiness, nor can you expect the Administration to have any credibility by asserting we have 2 trillion dollars in the penumbra or in the seat cushions of the couch.
When Clinton left office, the debt to GDP ratio was 57%. When Bush left office (eight years later), the ratio was 69%. After 2.5 years of the Obama/Mugabe Rule the ratio is 97%. How is that S&Ps fault?
Obama = EPIC FAIL.
Watch Obama send his union thug buddies over to S&P to try to “Reason” with them. Obama just can’t stand the fact that socialism does NOT work..he just can’t get it through his head
With the constant lying from this WH and all the constant revisions to economic data, I’m much more inclined to believe S&P than the government.
This is literally the turning point. It's the end of the world as we know it. Nothing will be the same after this. Nothing.
A disaster of biblical proportions.
If I am remembering correctly, hasn’t this administration attacked S&P in the past? Perhaps this is a case of you F with the Bull you get the horn?
The S&P ate my homework.