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Downgrade Damage Control at the White House
Wall Street Journal Online ^ | 8 August 2011 | PAUL A. GIGOT

Posted on 08/09/2011 8:57:55 AM PDT by lowbuck

How politically damaging is the Standard & Poor's credit downgrade to President Obama? The answer can be found in the vociferous attempts by the administration to blame everyone else. You only do that if you're worried.

snip . . .

Mr. Obama knows that the public is unhappy with this blow to America's financial stature, and presidents get the blame when such humiliations happen on their watch.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Politics/Elections
KEYWORDS: downgrade; economy; obama; ratingdowngrade; ratingsdowngrade
Short and sweet by Paul Gigot. Lots of comments that make sense too. Enjoy!
1 posted on 08/09/2011 8:58:03 AM PDT by lowbuck
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To: lowbuck
"When I said hope and change I didn't mean tomorrow, or next week, or.......ever."

- B. Obama

2 posted on 08/09/2011 9:02:55 AM PDT by JPG (Yes She Can!)
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To: lowbuck
The answer can be found in the vociferous attempts by the administration to blame everyone else.

I've heard:

Hope and Blame
The president and staff are in a "blamestorming" session.
3 posted on 08/09/2011 9:05:18 AM PDT by mmichaels1970
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To: lowbuck

Reminds me of an old Yiddish proverb:

“The girl who can’t dance, says the band can’t play.”

Sound familiar?


4 posted on 08/09/2011 9:07:27 AM PDT by RexBeach (Mr. Obama can't count.)
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To: lowbuck

Blaming others is what children do, you have a real problem of excessive debt that can’t be ignored, blamed on others, or solved with accounting gimmicks.

He’s the wrong child at the wrong time in the wrong place, he couldn’t even run a successful lemonade stand -and that is not hyperbole, he doesn’t understand anything business related.

Unfortunately America will suffer greatly for this electoral mistake.


5 posted on 08/09/2011 9:13:04 AM PDT by Brett66 (Where government advances, and it advances relentlessly , freedom is imperiled -Janice Rogers Brown)
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To: Brett66
Unfortunately America will suffer greatly for this electoral mistake.

Obama has made his changes so pervasive that we will not be able to repeal them once he is gone. Irreversible! America will be screwed eternally.

6 posted on 08/09/2011 9:35:57 AM PDT by Rapscallion (All Democrats are equal but some Democrats are more equal than others.)
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To: lowbuck
"Downgrade Damage Control at the White House"

Money running to treasuries from stocks right after the downgrade. Bizarro politics, bizarro economics.


7 posted on 08/09/2011 9:45:39 AM PDT by familyop
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To: familyop
Money running to treasuries from stocks right after the downgrade. Bizarro politics, bizarro economics.

Like moths to a flame.

8 posted on 08/09/2011 9:48:45 AM PDT by OB1kNOb (Obama will heretofore be known in history as the downgraded President.)
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To: lowbuck

I agree with Charles Payne this morning, DumBO comes out after the 6th worse day on the stock market and three days after U.S. debt downgrade and gives a campaign speech, as if we want more of this.


9 posted on 08/09/2011 10:32:47 AM PDT by depressed in 06 (I'll follow an eloquent Allen West out of hell.)
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