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BEGIN TRANSCRIPT RUSH: Does anybody now doubt that this is on purpose? I mean, after all, Barack Obama inherits a AAA credit rating from George W. Bush, and look what he does to it. Obama is always running around complaining and whining and moaning about all that he inherited from George W. Bush. Well, he inherited a AAA credit rating, an unemployment rate of 5.7%. Does anybody doubt that this is on purpose? Well, look, my credit rating doesn't suck. There are a lot of individual Americans whose credit ratings aren't in trouble. The United States has never been in...

The scant 15 or so minutes the president stood at the podium today did little to ameliorate the sense of abandonment that festered this weekend when the president for nearly three full days “bunkered down” after news of the S&P credit downgrade. It certainly didn’t help that BHO arrived at that podium more than 48 minutes late. Before he even opened his mouth, Obama’s tardiness touched off a Twitterstorm. A small sample of my favorite tweets: Obama’s handlers need to start doing what I do with my late girlfriend: Tell him the presser is at 12. Then, he’ll be on...

<p>He was a half hour late. His head turned from side to side as if he were attending a tennis match. He practically never looked in the camera, as if he were averting our gaze. And those were the strong parts of President Obama’s disastrous speech.</p>

Wall Street tumbled again Monday, with the Dow Jones industrial average dropping 635 points and chalking up its Worst day since November 2008, amid a rout in global stocks after rating agency S&P downgraded the U.S. credit rating for the first time. S&P cut the long-term debt rating for the U.S. by one notch to AA+ from AAA late Friday. The move wasn't unexpected, but it comes when investors are already feeling nervous about a weak U.S. economy, European debt problems and Japan's recovery from its March earthquake. The downgrade sparked a massive sell-off on stock markets around the world...

Avoid panic selling. As Forbes columnist Richard Ferri suggests here, don't make hasty moves when the stock market has a bad day -- in reaction to an S&P downgrade or any other news. ... Play tax arbitrage. Review your IRAs and taxable accounts to see if you can at least wring some long-term tax savings out of the market's recent decline. ... Maintain -- or increase -- your 401k contributions. Don't curb your contributions (or reduce the amount you're putting into stock funds) just because the market is down. ... Fund a Roth IRA. If you want to boost retirement...

Obama‘s Union Buddy Trumka Says Tea Party Is Actually Trying To Destroy America’s Government And That is Super Hard For The President To Deal With http://www.theblaze.com/stories/obamas-union-buddy-trumka-says-tea-party-is-actually-trying-to-destroy-americas-government-and-that-is-super-hard-for-the-president-to-deal-with/

The tremendous 7% crash in stock market prices over the last five trading days serves as over-whelming evidence that the President of the United States or someone in his inner circle leaked “material non-public information” to Wall Street traders that the AAA credit rating of the United States of America would be downgraded.. Leaking of such information is criminal activity for both the trader who profits and the leaker. Depending on the level of the leak in his Administration; the President may be forced to resign of face severe sanctions.

Stocks took a sharp nosedive in another choppy day Monday to finish at session lows as investors fled from risky assets following S&P's downgrade of U.S.'s credit rating last week in addition to ongoing economic jitters.

The Dow Jones industrial average plunged as much as 600 points midday Monday as the market rout continued in the first day of trading after Standard & Poor's downgraded the United States' credit rating. Investors have piled out of stocks all day and into a few safe havens, such as gold and Treasury bonds. The appetite for Treasury bonds suggests that the Standard & Poor's downgrade of the U.S. has not shaken the faith of investors in U.S. bonds. Market experts said that the market selloff on Monday was sparked by the S&P announcement, but is more motivated by growing...

U.S. stocks plunged deep into the red on Monday as fearful investors faced the news that the United States had lost its coveted "AAA" credit rating. All three major U.S. stock indexes were down between 4% and 5%, pushing the Dow below 11,000 for the first time since November. The stock market has now lost 14% during the past two weeks. Market observers tried to say the downgrade by itself shouldn't matter -- that it was expected and that the United States still has a strong credit rating. But the market wasn't buying it. "Investors are having one reaction to...

Today, President Barack Hussein Obama, a few days the United States credit rating went from being a “AAA” to a “AA+” downgrade in a decision by Standard and Poor or S & P decides to give a press conference, and what surprises me to NO END when President Obama still calls the USA a “AAA” nation DESPITE this downgrade. Well I have a set of “new words” in regards to what remains of the era of President Barack Hussein Obama and it came from the Drudge Report website: “Barackalypse Now” IMHO, President Obama, because of the over-spending and over-taxing that...

WASHINGTON (CNNMoney) -- Little is known about key details that led Standard & Poor's to downgrade U.S. debt late Friday, despite its outsized repurcussions. While the move knocking U.S. debt down a notch from the lofty AAA rating has exacerbated an already skittish stock market and drawn criticism from the White House, key details are a mystery. S&P doesn't say who, exactly, made the decision at the company; what kind of weight they gave U.S. politics versus ability to pay; or to what extent they felt pressured to downgrade the United States in response to criticism of its downgrades of...

Amidst riots in central Europe that have now spread to London and a debt downgrade that threatens to plunge the United States into a double-dip recession, Americans’ lack of confidence in their leadership is so crippled that they are now “pre-revolutionary,” according to pollster Pat Caddell. A new Rasmussen poll shows that just 17 per cent of Americans believe that the U.S. government has the consent of the governed, an all time low. This dovetails with a record low for Congress’ approval rating, which stands at a paltry 6 per cent, while 46 per cent of Americans think most members...

Freep this poll: Do you think the tea party is to blame for the downgrade of the nation's credit rating? Yes 21 (5%) No 359(93%) Undecided 0 (0%) Other 2 (0%)

NEW YORK (CNNMoney) -- The credit ratings of five major insurance companies were whacked by Standard and Poor's on Monday as the rating agency systematically downgraded debt that is closely linked to the federal government. The latest victims are insurers Knights of Columbus, New York Life, Northwestern Mutual, Teachers Insurance & Annuity Association of America and United Services Automobile Association.

President Obama was behind schedule in delivering his remarks on the US credit downgrade this afternoon. S&P downgraded US credit for the first time in history on Friday evening, but rather than address the downgrade at that time, the president took a few close advisers to huddle at Camp David over the weekend. The president’s closest adviser, David Axelrod, led a blame chorus over the weekend, telling the nation that the historic downgrade was the fault of the Tea Party.While the nation awaited the president’s remarks, we were treated to this image on the cable nets. It’s an image that...

Obama says U.S. is still a AAA country Photo 2:12pm EDT WASHINGTON (Reuters) - President Barack Obama on Monday blamed a downgrade in the United States' credit rating on political gridlock in Washington and said he would offer some recommendations on how to reduce federal deficits. Obama said in a White House appearance that he hopes the Standard and Poor's downgrade of U.S. debt to AA-plus from AAA will give lawmakers a new sense of urgency to tackle deficit spending and said he did not believe the reductions could be carried out with spending cuts alone.

Six in 10 Americans think the economy is still getting worse and 75 percent believe the nation is doing badly, according to a CNN poll released Monday. The poll, conducted this weekend after ratings agency Standard & Poor’s downgraded the nation’s AAA credit rating for the first time in its history, marked a 24 percentage point increase since April of people who believe the economy is in a downturn, CNN said.

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...