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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: KansasGirl

Yeah and he didn’t even look at the audience on his way out of from the podium. Someone must have whispered in his earpiece to stop taking as the markets were tanking during his speech. LOSER!


541 posted on 08/08/2011 11:27:25 AM PDT by Justaham
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To: markomalley

Drudge headline sez all:

BARACKALYPSE NOW


542 posted on 08/08/2011 11:27:25 AM PDT by Godzilla (3-7-77)
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To: DCBryan1

The Macroeconomic Effects of Tax Changes
By Christina D. Romer and David H. Romer
http://emlab.berkeley.edu/users/dromer/papers/RomerandRomerAERJune2010.pdf

“Our baseline specification implies that an exogenous tax increase of 1% of GDP lowers real GDP by almost 3%”

exogenous—means caused or produced externally


543 posted on 08/08/2011 11:27:44 AM PDT by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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To: opentalk
There must me many valid legal issues to remove him

The problem is no one has the guts to do anything.

544 posted on 08/08/2011 11:28:52 AM PDT by clove (God, Family and Country, the truth will live!)
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To: Justaham

you mean the drive by media didn’t get the chance to ask him if “he’s made some mistakes?”...like they did BUSH!!


545 posted on 08/08/2011 11:29:07 AM PDT by Blue Turtle
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To: All

There is no way this happens if Hillary was prez. She would have done whatever it takes to ensure she gets reelected, even pissing off her base.
This man is useless and needs to get retired.


546 posted on 08/08/2011 11:29:20 AM PDT by newnhdad
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To: Dubya-M-DeesWent2SyriaStupid!

547 posted on 08/08/2011 11:29:35 AM PDT by Lucky9teen (Peace is that brief glorious moment in history when everybody stands around reloading.~Thomas Jeffer)
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To: Son House
DOW below 11,000 again.

Dow 10,998.38 -446.23 -3.90%

Nasdaq 2,410.34 -122.07

548 posted on 08/08/2011 11:30:01 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: no-to-illegals

He is a major crack smoker...with his crack pipes.


549 posted on 08/08/2011 11:30:26 AM PDT by shield (Rev 2:9 Woe unto those who say they are Judahites and are not, but are of the syna GOG ue of Satan.)
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To: mware
NASDAQ is on the verge of losing 5%.

Yup and now down 4.98% as I type this post.
550 posted on 08/08/2011 11:30:55 AM PDT by Justaham
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To: mware
Now that Obama is done talking,maybe the market can recover what it lost while he was speaking.

Who're you kidding? The O-ster didn't come out to help the market; he only came out to give it another gratuitous kick in the nuts.

551 posted on 08/08/2011 11:31:12 AM PDT by HKMk23 (YHVH NEVER PLAYS DEFENSE)
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552 posted on 08/08/2011 11:32:10 AM PDT by markomalley (Nothing emboldens the wicked so greatly as the lack of courage on the part of the good-Pope Leo XIII)
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To: CitizenM
Zero is simply too late for everything

LOL, well, I'm sure he's on time for parties and tee off times!

553 posted on 08/08/2011 11:32:20 AM PDT by rockabyebaby (We are sooooooooooooooooooooooooooooooooo screwed!)
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To: NowApproachingMidnight

The fastest way is invoking the 25th...here today gone tomorrow...


554 posted on 08/08/2011 11:32:43 AM PDT by shield (Rev 2:9 Woe unto those who say they are Judahites and are not, but are of the syna GOG ue of Satan.)
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To: Lucky9teen

Obama’s chickens have come home to roost.


555 posted on 08/08/2011 11:32:46 AM PDT by MNJohnnie (Giving politicians more tax money is like giving addicts free drugs to cure their addiction)
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To: Blue Turtle

Ha ha ha ha! I like that term - ‘drive by media’...


556 posted on 08/08/2011 11:32:53 AM PDT by Justaham
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To: markomalley
Dukakis .
557 posted on 08/08/2011 11:33:08 AM PDT by fantom (,)
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To: Lucky9teen
And since that day everything he’s implemented has gone to hell.

and zer0's plan marches on. Did everyone put their hands over their children's ears? I am going to invest in earplugs.

558 posted on 08/08/2011 11:33:14 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: Justaham
Yup and now down 4.98% as I type this post.


559 posted on 08/08/2011 11:33:35 AM PDT by markomalley (Nothing emboldens the wicked so greatly as the lack of courage on the part of the good-Pope Leo XIII)
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To: Justaham
He owes everyone an apology for making us all wait for that cut and paste speech he could have faxed to the media.
560 posted on 08/08/2011 11:33:37 AM PDT by Hillarys Gate Cult (Those who trade land for peace will end up with neither one.)
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