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GOP Presidential Contenders Pile on Obama for Historic Credit Downgrade
FOXNEWS ^ | August 06, 2011 | Stephen Clark

Posted on 08/06/2011 8:10:37 AM PDT by Son House

Rep. Michele Bachmann, R-Minn., a Tea Party darling, called on Obama to fire Treasury Secretary Timothy Geithner and quickly submit a plan to balance the budget, not just reduce deficits.

“This president has destroyed the credit rating of the United States through his failed economic policies and his inability to control government spending by raising the debt ceiling,” she said. “President Obama is destroying the foundations of the U.S. economy one beam at a time.”

S&P said the plan fell short of solving the country’s debt problem.

President Obama met with Geithner in the Oval Office late Friday afternoon before leaving for the weekend at Camp David. The Treasury disputes the downgrade, saying the S&P analysis was fundamentally flawed.

“A judgment flawed by a $2 trillion error speaks for itself,” the Treasury said in a statement.

But that didn’t stop the GOP presidential hopefuls from attacking Obama.

“This is a sad moment for the United States, but it’s a reflection that our country is in trouble,” former Minnesota Gov. Tim Pawlenty said. “President Obama is inept when it comes to creating the conditions or job creation and economic growth. It’s time for a new direction and a new president.”

Former Pennsylvania Senator Rick Santorum called on Washington to pass a balanced budget amendment and mocked the Obama administration for disputing the S&P analysis.

“So, in addition to blaming President Bush for all of its problems, now the White House is blaming S&P – but this happened on the president’s watch – and he has to deal with it,” he said. “I guess President Obama is left to cling to the “hope” that a mathematical error caused this. Is that the ‘hope’ the president was talking about?”

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: contenders; downgrade; gop; presidential
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To: Graybeard58

Time for mac, the crybaby liar, daddy to absolve himself from any responsibility for this downgrade and select a scapegoat to throw under the bus.

Wonder how long it will take him to do this?


21 posted on 08/06/2011 10:06:32 AM PDT by chiefqc
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To: Son House
Q: What will Obama say to Germany & UK when Greece, Italy, Spain, Portugal and Ireland are all about to have their little Euros cut off?

A:
I can bail anything better than you can,
I can bail anything better than you.
No, you can't. Yes, we can!
No, you can't. Yes, we can!
No, you can't. YES, I CAN! YES, I CAAANNNN!

(To the tune of "Anything You Can Do",
from Annie Get Your Gun, Broadway Musical, 1947, with Ethel Merman starring)

22 posted on 08/06/2011 11:06:54 AM PDT by CanaGuy (P.M. Steven Harper: We gave you a majority, now get busy!)
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To: Son House

These Republicans are only after the water boy Obama , as they should be. Once I hear anyone of them calling Obaama what he truly is i.e. political water carrier for the likes of Soros, Rockefellers, Rothchilds etc. who want to destroy the exceptionalism of our Constitution, I will have greater faith in these Repubs as working for a restored Republic.


23 posted on 08/06/2011 1:00:35 PM PDT by noinfringers3
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To: chiefqc

“Wonder how long it will take him to do this?”

As long as it takes for mac-daddy pimp to get all his LSM whores in line with the same mantra.


24 posted on 08/06/2011 3:36:59 PM PDT by jivin gene (Breakin' up is hard to do)
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