[Clairity]

Nothing wakes up Obama and the Dems, either that or they quite knowingly are destroying the US, freedom and capitalism.

[Post Toasties]

Time to get rid of 0bamacare - that will save trillions.

[ken21]

we need a pro-business president.

[The Sons of Liberty]

0bama wants to destroy the US economy so he can assume “emergency” powers and become a full fledged dictator.

[LdSentinal]

For the short-term, the S&P might be the Tea Party’s best friend.

[plangent]

Interesting that this statement and the original both focus of spending cuts.

Memo to Harry Reid:
It’s not the taxes, IT’S THE SPENDING, STUPID

[Clairity]

America’s debt downgrade is a damning indictment of President Obama’s Big Government disaster

http://www.freerepublic.com/focus/f-news/2759718/posts

“The decision by credit agency Standard and Poor’s to downgrade America’s AAA credit rating for the first time in 70 years is a massive blow to the credibility of the Obama administration, and a damning indictment of its handling of the economy. No doubt the White House will pathetically try to blame the Bush Administration, Republicans in Congress, and of course its favourite target, the Tea Party, for the move by S&P.

But without a shadow of a doubt, responsibility for the country’s financial mess and staggering levels of debt lie with the current US president and his administration. They have been in charge of running the economy for over 30 months, during which time the United States has witnessed an unprecedented increase in government spending and borrowing.”

[bgill]

Bring it on.

[elkfersupper]

I have experience with rating agencies and I told my family and significant other to expect a series of downgrades perpetuating who-knows-what.

They get on this downgrade cycle and it can’t be stopped. What people don’t realize is that this sort of downgrade constitutes a downgrade to all financial institutions and corporations holding U.S. Treasury debt.

Everybody had better take a deep seat and hope that our leaders don’t decide to disrupt communications, energy, food supplies and travel.

Uncharted waters here.

[Eleutheria5]

This is an emergency. We must stomp out all partisanship immediately. Round up the tea-partiers and shoot them. Standard and Poors has ordered it, so their will must be done.

[E. Pluribus Unum]

They won't have enough guts.

They barely had a enough guts the first time, and they did it two years too late.

[tet68]

This is S&P’s way of telling Obama and his minions
“Don’t tread on me.” I would advise the
“O” administration to watch where they step.

[crosshairs]

Might as well lower it to XXX rated.

[Delta 21]

What? You think this train wreck is over?

[Robert357]

As distasteful as it is, at least someone is holding the elected officials feet to the fire and may actually force them to do something that the electorate on its own could not do.

Should be an interesting week, with politicians running scared.,,,,,,and people with 401K’s also running scared.

[bert]

The S&P guy responsible for the ruling was interviewed today by Niel Cavuto. He was not apologetic and stood up strong for the down grade.

Niel asked if other nations had been down graded before. He answered yes.

Neil asked how long it generally took to have the rating reverted to AAA.

He answered..... well, about 8 or 9 years!

[Tzimisce]

[Cboldt]

“Trash-talk us some more, and we’ll downgrade you to ‘junk.’”

[My Favorite Headache]

And STILL the GOP has a hard time putting anyone up to get excited about for POTUS...amazing how awful the GOP is right now.

[redgolum]

They are saying it is the TEA party that caused the down grade.

[Jim Scott]

I'm not adverse to the predictions of Obama wanting a full-blown financial crisis (a real one, this time) that will trigger massive upheavals in the markets and result in riots in the streets, allowing Obama to declare a national emergency and, through various laws, assume dictatorship of the U.S. However, this is America, not Europe. We have no tolerance for dictators, no matter the rationale. I don't believe that Obama could pull it off. Of course, I could be wrong. I didn't believe that America would ever elect a man with virtually no accomplishments and a distinct anti-American outlook as their president - and a Democrat congress to go with him - but they did. Scary thoughts.

That having been stated, I think the ramifications of this S&P downgrade may be a tad overblown but there definitely will be consequences. While the Democrats desperately attempt to blame Republicans and the TEA party, it is imperative that the GOP pound Obama on this very significant, negative result of his economic policies. Knowing Republicans, they probably won't but knowing Sarah Palin, my choice for president in 2012 and a lady who isn't afraid to take it to Obama, I'm sure that she will.