The chosen one's true legacy. Congratulations Obama, you've diminished everything.
Conveniently released late on a Friday night.
IF zero had a shred of decency he’d resign immediately....that is, if this isn’t actually what he wants.
His Muslim/Kenyan/Marxist/bowing/apologizing self is probably laughing.
Will make about as much difference as wiping lipstick off a pig.
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%.
Obama = EPIC FAIL.
From The Hill, 4/19/2011:
‘No risk’ the US will lose its top credit rating, says Treasury’s Geithner
By Michael O’Brien - 04/19/11 10:33 AM ET
Treasury Secretary Tim Geithner said Tuesday there is “no risk” the U.S. will lose its top credit rating amid a new analysis that revised its outlook on American debt to “negative.”
Geithner took to the airwaves of financial news networks to push back against a report Monday by Standard & Poor’s that lowered its outlook on U.S. debt to “negative,” reflecting political uncertainty over whether lawmakers will reach an agreement to address long-term debt.
I must confess that Greta Van Susteran has a point here. She continually says, “S&P is a big part of this problem because they gave AAA rating to Fannie & Freddie while they were bundling worthless mortgages from buyers who couldn’t afford them. They helped cause the mortgage crisis. And now they’re gonna pass judgment on those fooled and injured by their phony AAA ratings? Why should we listen to them?”
This place is an asylum and the inmates are in charge.
“S&P also cited dysfunctional policymaking in Washington as a factor in the downgrade. “The effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges.”
http://money.cnn.com/2011/08/05/news/economy/downgrade_rumors/index.htm?hpt=hp_t1
Republicans better keep this quote so they can put it in anti-Obama ads.
These are probably the only two “A’s” that this POS Obama every got.
Funny how the same rating agency that listed all those fraudulent U.S. mortgage-backed securities as AAA-rated doesn’t thing the U.S. government deserves a AAA rating anymore.
Well, well, well! Another Friday evening (bad) news dump!
The chosen one's true legacy. Congratulations Obama, you've diminished everything.
So has the world ended yet?
So, S&P is racist.
Our country is going down the toilet.
"Cut, Cap & Balance" with it's $4 trillion on "cuts" would've given the ratings agencies what they were looking for.
Heck of a job Reid, Obama! The House did what was necessary.
Let me guess:
Unexpected?
Bush’s fault?
Tea Party’s fault?
Tsunami in Japan’s fault?
Arab Spring’s fault?
Corporate Jet Owners fault?
Republican’s fault?
ATM’s fault?
Weather in the Mid-West fault?
BP’s fault?
Did I miss any? =.=
And 0dumb0 the RAT bastard socialist commie pig-in-chief does not give one rat's ass about this. Why should he? Boehner & McConnell & the RINOs plus all the legislators who voted for the $2.4 Trillion debt ceiling increase and a bogus $1 Trillion reduction somewhere in the vast reaches of the next ten years, just gave 0dumb0 his $2.4 Trillion slush fund aka birthday present. He doesn't give a RATs ass about S&P credit rating, he has a $4 Trillion budget for 2012, and a $2.4 Trillion debt ceiling increase that he can add to it if he wants to buy off more voters or special interests. He loves this! He got everything he wanted when the Repukes caved & capitulated on the $2.4 Trillion debt ceiling increase.
The Zero lied.
A country died.