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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
KEYWORDS: barackalypsenow; barackfubar; barackthebroke; barrackolypsenow; bhodrivel; bhoeconomy; bhofail; bhofascism; blamegamepart23; bottomofthebarrel; cluelessrookie; crabsinabarrel; debtmantalking; debtmanwalking; debttospendingratio; democrats; disasterinchief; doomsday; downgrade; drivel; eatyourcake; epicfail; fail; fraud; fubogtfo2012; goonvacayalready; happydayshereagain; heckuvajobtimmie; herberthoover; hooverville; hopeychangey; ibarack; impeach; inneedosomerestraint; kingofthedeficit; liberalfascism; liberals; livethread; neverendingspending; nobama; nobama2012; noobpresidency; obama; obamadepression; obamageddon; obamalypto; obamanation; oblame; palinwest; prayforresign; presidentdowngrade; presidenttrainwreck; progressives; resignnow; socialistdemocrats; sociopathinchief; sp; spstolemycreditcard; summerofbankruptcy; timmyforever; vineyardvampire; wagyu4theone; worstpresidentever; youlie
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To: TomGuy

He;s tooting his horn as usual..I I I I I set up these committees.

Fox said he’d be making a big mistake if he blames the republicans...

“Most immediate concern is Jobs, he said...and recovery.

Here it comes he wants more money!


441 posted on 08/08/2011 11:15:25 AM PDT by caww
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To: FourPeas
The DOW does not like it.

Dow 11,039.47 -405.14 -3.54%

Nasdaq 2,417.25 -115.16 -4.55%

S&P 500 1,144.58 -54.80 -4.57%

442 posted on 08/08/2011 11:15:29 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: All
If Boehner isn't in front of a mike RIGHT NOW waiting for El Dopo to finish.....then we have to get rid of him right away....and we have to notify our reps of our feelings.

Leni

443 posted on 08/08/2011 11:15:40 AM PDT by MinuteGal (Too Bad Those of Us who Work for a Living Have to Support Those who Vote for a Living)
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To: Dubya-M-DeesWent2SyriaStupid!

Getting real close to 11000.


444 posted on 08/08/2011 11:16:07 AM PDT by txmissy
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To: sunmars

yes, wordsalad waffles


445 posted on 08/08/2011 11:16:13 AM PDT by WashStateGirl
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To: Justaham
Gold spiking north while He speaks.

Now at record highs, UP $56.10.

WOW!!

446 posted on 08/08/2011 11:16:13 AM PDT by Gritty (Compromise that is not a solution is a waste of time. We either save this country or we do not-Rubio)
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To: ken5050

Dow dropping


447 posted on 08/08/2011 11:16:23 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: FourPeas

Say what anyone likes, at least President Bush looked into the tv camera when he was addressing a tv audience. The Zero is in an empty room with teleprompters and a lifted jaw, as if he even has a balcony audience.

How can anyone “believe” in this guy when he won’t even look at his “people.”


448 posted on 08/08/2011 11:16:23 AM PDT by maica ( Multiculturalism is the smiley face of totalitarianism.)
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To: KansasGirl
Isn’t he the one who made the default date up out of thin air?

Ding. Ding. Ding. The Obama administration on Friday reaffirmed August 2nd as the date when the nation's debt will max out ...

449 posted on 08/08/2011 11:16:27 AM PDT by Servant of the Cross (the Truth will set you free)
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To: Dubya-M-DeesWent2SyriaStupid!

Speech is all talk and promises, no substance at all.


450 posted on 08/08/2011 11:16:35 AM PDT by Justaham
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To: ken5050

Tax and spend ,Now


451 posted on 08/08/2011 11:16:35 AM PDT by opentalk
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To: ken5050

Anyone tell him that summer is only rerun season for TV shows, not failed ideas?


452 posted on 08/08/2011 11:16:40 AM PDT by Hillarys Gate Cult (Those who trade land for peace will end up with neither one.)
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To: opentalk
Thought I saw something to that affect. zer0 is saying Republicans agreed to all of this. zer0 didn't mention the democRATS agreeing.
453 posted on 08/08/2011 11:16:48 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: txmissy

DJIA is under 11k, down over 445 points


454 posted on 08/08/2011 11:16:50 AM PDT by relee ('Till the blue skies drive the dark clouds far away)
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To: All
This is Bizzaro World.....

He's blaming political will when it was the lack of it that gave us a deal that did absolutely nothing.

He's saying the markets disagree with the downgrading when they've all fallen markedly during the past few days.

He's citing Warren Buffett.....a man who was just downgraded himself.

455 posted on 08/08/2011 11:16:53 AM PDT by edpc (Ruck Famadan)
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To: MinuteGal
OMG,he is blaming Republicans again.

I knew it was coming, but don't believe he is saying it.

456 posted on 08/08/2011 11:16:53 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: txmissy

Into the abyss!


457 posted on 08/08/2011 11:16:58 AM PDT by MestaMachine (Going down! (Gunwalker Ping List))
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To: txmissy

dropped like a stone, the Dow under 11000


458 posted on 08/08/2011 11:16:58 AM PDT by sunmars
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To: relee

[... a new sense of urgency ... I intend to present my own recommendations, over the next few weeks? ]

Isn’t that what he budget that was voted down in the Senate 97-0 was?

What about HIS debt commission’s reconmmendations? Why did he completely ignore them?

If they wanted tax reform so bad, why didn’t they do it when they has super majorities?


459 posted on 08/08/2011 11:17:05 AM PDT by KansasGirl
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To: Girlene
“We didn’t need a ratings program to know we need a balanced approach.”

Too bad neither he nor the Senator or House Democrats proposed an actual balanced approach. Instead he just said the millionaires and billionaires need to pay more taxes on business jets, without giving any actual percentage figures on how much taxes should be increased or spending decreased. A speech isn't a proposal the CBO can evaluate.

460 posted on 08/08/2011 11:17:05 AM PDT by KarlInOhio (The Repubs and Dems are arguing whether to pour 9 or 10 buckets of gasoline on a burning house.)
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