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Live Thread: POTUS to speak to country at 1730 ZULU concerning S&P downgrade
08 AUG 11 | dcbryan1

Posted on 08/08/2011 8:31:48 AM PDT by DCBryan1

CNBC just broke in and told the audience that the President has requested airtime and will speak to the nation at 1300hrs EST (12 noon central, 10 AM PST) on the US national debt downgrade.

Developing...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events; Politics/Elections
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To: Dubya-M-DeesWent2SyriaStupid!

He looks so smug! Not owning any responsibilities at all.


421 posted on 08/08/2011 11:12:26 AM PDT by Justaham
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To: sunmars

Isn’t he the one who made the default date up out of thin air?


422 posted on 08/08/2011 11:12:38 AM PDT by KansasGirl
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To: sunmars

“Fair share”


423 posted on 08/08/2011 11:12:56 AM PDT by corlorde (NH)
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To: newzjunkey

Of course, how he shows up… Too late.


424 posted on 08/08/2011 11:13:08 AM PDT by newzjunkey (the circular firing squad has got to end now)
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To: mware

Will there be a GOP response after? and by whom?


425 posted on 08/08/2011 11:13:08 AM PDT by ken5050 (uities)
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To: TheShaz

WE DID NOT NEED A CREDIT AGENCY TO TELL US blah blah

omg HE JUST SAID DEFAULT WAS THREATENED AND IT WAS BAD when HE DID IT

He just SAID TAX REFORM


426 posted on 08/08/2011 11:13:11 AM PDT by Dubya-M-DeesWent2SyriaStupid! (S&P wasn't worried about us not lifting the debt ceiling - they are worried about the spending)
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To: no-to-illegals

zer0 said this, wants more from those who can afford it. Hey, we all rich now!


427 posted on 08/08/2011 11:13:11 AM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
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To: All

“We didn’t need a ratings program to know we need a balanced approach.”

Gridlock, prolonged debate -reason for downgrade?

Solution: Need tax reform (from those who can afford it); reforms in Medicare


428 posted on 08/08/2011 11:13:19 AM PDT by Girlene
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To: hattend

Dow 11,056.99 -387.62 -3.39%

Nasdaq 2,420.40 -112.01 -4.42%

S&P 500 1,146.18 -53.20 -4.44%


429 posted on 08/08/2011 11:13:24 AM PDT by mware (By all that you hold dear on this good earth, I bid you stand, Men of the Wes)
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To: mware

Higher taxes
Can’t make any more cuts
Cut Medicare

Pathetic


430 posted on 08/08/2011 11:13:30 AM PDT by FourPeas ("Maladjusted and wigging out is no way to go through life, son." -hg)
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To: RightGeek

Markets free faling while the ONE speaks!


431 posted on 08/08/2011 11:13:51 AM PDT by Justaham
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To: FourPeas

Eat your peas, dammit.


432 posted on 08/08/2011 11:14:11 AM PDT by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: no-to-illegals

What we need are jobs! What a frickin moron!


433 posted on 08/08/2011 11:14:33 AM PDT by KansasGirl
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To: KansasGirl

This speech is all waffle, this would not reassure anyone.


434 posted on 08/08/2011 11:14:33 AM PDT by sunmars
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To: no-to-illegals
Warren Buffet was also downgraded

link

435 posted on 08/08/2011 11:14:47 AM PDT by opentalk
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To: no one in particular

Is FR grinding sloooowly for anyone else ?


436 posted on 08/08/2011 11:14:49 AM PDT by tomkat (Sarah '12)
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To: FourPeas

Say he will stay on it till the job is done. zer0, that is what scares us. You getting the job done.


437 posted on 08/08/2011 11:14:52 AM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
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To: FourPeas
... a new sense of urgency ... I intend to present my own recommendations, over the next few weeks?
438 posted on 08/08/2011 11:15:02 AM PDT by relee ('Till the blue skies drive the dark clouds far away)
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To: mware

He’s got nothing....


439 posted on 08/08/2011 11:15:05 AM PDT by ken5050 (uities)
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To: no-to-illegals

OMG he is flubbing reading the words it sounds so fake split sentences worse than the norm


440 posted on 08/08/2011 11:15:10 AM PDT by Dubya-M-DeesWent2SyriaStupid! (S&P wasn't worried about us not lifting the debt ceiling - they are worried about the spending)
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