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America's debt downgrade is a damning indictment of President Obama's Big Government disaster
The Telegraph ^ | Aug 6, 2011 | Nile Gardiner

Posted on 08/06/2011 2:16:45 PM PDT by Clairity

The decision by credit agency Standard and Poor’s to downgrade America’s AAA credit rating for the first time in 70 years is a massive blow to the credibility of the Obama administration, and a damning indictment of its handling of the economy. No doubt the White House will pathetically try to blame the Bush Administration, Republicans in Congress, and of course its favourite target, the Tea Party, for the move by S&P.

But without a shadow of a doubt, responsibility for the country’s financial mess and staggering levels of debt lie with the current US president and his administration. They have been in charge of running the economy for over 30 months, during which time the United States has witnessed an unprecedented increase in government spending and borrowing.

(Excerpt) Read more at blogs.telegraph.co.uk ...


TOPICS: Business/Economy; Editorial; Government; Politics/Elections
KEYWORDS: aa; aaa; aaplus; barackalypsenow; bhofascism; biggovernment; creditrating; cutcapbalance; debt; debtceiling; debtlimit; democrats; downgrade; elections; geithner; government; obama; obamageddon; ratings; spending; standardpoors; treasury; triplea
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Note this appeared in a UK paper, our MSM is still protecting "Obamperor".
1 posted on 08/06/2011 2:16:51 PM PDT by Clairity
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To: Clairity

Throw Timmy under the bus.


2 posted on 08/06/2011 2:20:49 PM PDT by Paladin2
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To: Clairity

yes, an indictment of comrade obama.


3 posted on 08/06/2011 2:21:09 PM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: Clairity

............sigh..........................


4 posted on 08/06/2011 2:29:18 PM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: Clairity
"Note this appeared in a UK paper, our MSM is still protecting "Obamperor"."

Our media is laying awake at night trying to figure out how to protect the made for television president they have created. Their dilemma is when and how to start moving away from him ...BUT, they can't! He is theirs just like the economy is his, the wars are his, the unemployment is his, the chasm separating the races is his, the class warfare is his, the price of gas is his, the rising cost of utilities is his, the problem on the border is his, the inept justice department is his. And to the media; by association, it's all THEIR'S!

5 posted on 08/06/2011 2:30:58 PM PDT by Baynative (If the government was in charge of the desert , we'd soon have a shortage of sand.)
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To: Clairity

Nile Gardiner is right. Obama owns the downgrade and the whole sinking U.S. economy. Obama and the Democrats blaming Bush, Republicans, the weather, the alignment of the planets, whatever, won’t cut it much longer. Obama has tried European socialism in America and it has failed, massively. Obama and the Democrats will never change their views, they are wedded to socialism. The only recourse is to deny them the power to keep harming our nation and it’s economy. In our democratic republic that is accomplished by an election in November, 2012. We must replace Obama and give the newly-elected Republican president a conservative Republican congress that will work with her to begin to fix this mess. If American fails to do so, we’re screwed. However, I think things are getting so bad that even the usually apathetic are waking up and realizing that they made a huge mistake by electing Obama and that it’s time to get serious, stop voting for slogans and image and vote common sense: Sarah Palin.


6 posted on 08/06/2011 2:31:02 PM PDT by Jim Scott ( "Game On!" - Sarah Palin)
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To: Jim Scott

Obama wasn’t bullsh*tting when he said “change has come to America.”


7 posted on 08/06/2011 2:34:44 PM PDT by corlorde (New Hampshire)
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To: Baynative

No way in hell they get a chance to move away from him. They own him, they gave him to use. Time for them to eat their peas.


8 posted on 08/06/2011 2:37:10 PM PDT by CommieCutter (Promote Liberal Extinction: Support gay marriage and abortion!)
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To: Paladin2

But Obama said that Geitner had great unique qualifications to be Treasury Secretary. Remember a scandal was brewing about Geitner’s tax problems, but Obama was determined that he be confirmed as Treasury Secretary.

Does the Obama administration take any responsibility for this downgrade? Already Democrats are saying that the Tea Party is at fault, and that the accumulated debt from the Bush era rolling forward also contributed to this crisis.


9 posted on 08/06/2011 2:37:55 PM PDT by Dilbert San Diego
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To: Clairity

obama has managed to put the US economy on par with an african country.
I guess he wanted to feel at home.
Get rid of the african muslin in 2012.Please.

an european wishing to see America back to normal.


10 posted on 08/06/2011 2:40:25 PM PDT by Christian1
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To: Dilbert San Diego

“Already Democrats are saying that the Tea Party is at fault, and that the accumulated debt from the Bush era rolling forward also contributed to this crisis.”

Good! Let them hammer it. Everyone knows its BS and only digs the Dem hole deeper every single time they do it.


11 posted on 08/06/2011 2:40:25 PM PDT by Norm Lenhart
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To: Dilbert San Diego
Remember that Geithner headed up the NY Fed while Bush was President and no doubt along with Bernanke helped scare Bush into approving the TARP debacle. These people manipulated a naive President and Congress into believing it was a crisis to end all crisis’ to get the money they wanted and bail out their buddies, IMO.
12 posted on 08/06/2011 2:45:52 PM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: Clairity

I hate that it happened, but I love that Obama can always be blamed for presiding over the first ever downgrade in US history. Him and Tax Cheat Timmy are not going to be judged favorably by history.

Wonder if they’ll want him to return his Noble Peas prize?


13 posted on 08/06/2011 2:47:18 PM PDT by bigbob
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To: Clairity

While it’s certainly right to lay this at the feet of Obama, both Bushs should be included in the blame.


14 posted on 08/06/2011 2:47:29 PM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: Clairity

Ten or fifteen years from now, the pundits will declare that these past three days, Thursday, August 4 through Saturday, August 6 effectively ran the Obama administration and chances for reelection over the cliff. The market decline, the hip hop BBQ, the lowering of the credit rating and the helicopter shoot down all came together in a span of 48 hours to end this presidency.


15 posted on 08/06/2011 2:53:06 PM PDT by buccaneer81 (ECOMCON)
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To: Clairity

President Obamamao has degraded America.


16 posted on 08/06/2011 2:59:09 PM PDT by The_Media_never_lie
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To: buccaneer81

Not up on the timings...did the BBQ come before or after the shootdown?


17 posted on 08/06/2011 2:59:58 PM PDT by Norm Lenhart
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To: Norm Lenhart
Good! Let them hammer it. Everyone knows its BS and only digs the Dem hole deeper every single time they do it.

Unfortunately, everyone doesn't know it is BS. A large portion of the electorate only believes what the MSM tells them and they are in full cover mode for Obama and will be campaigning for him enthusiastically until the election.

18 posted on 08/06/2011 3:00:54 PM PDT by Prokopton
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To: Norm Lenhart
Luckily for Obama, the BBQ came before the shoot down.

I honestly believe they would have had the BBQ anyway, even if the shoot down had been the same day or the day before. That's how vile these people are.

19 posted on 08/06/2011 3:02:36 PM PDT by buccaneer81 (ECOMCON)
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To: Clairity

20 posted on 08/06/2011 3:03:46 PM PDT by anymouse (God didn't write this sitcom we call life, he's just the critic.)
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To: Prokopton

True, but they are quickly figuring out that the BS is just that. The more Dems keep lying, the more people, lately, are seeing it for what it is. The lies have grown to massive proportions to cover their tracks and it’s coming apart at the seams. People who have bought them for years (no not all, but more every day) now question them...a good thing for us all.


21 posted on 08/06/2011 3:03:54 PM PDT by Norm Lenhart
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To: buccaneer81

I do as well. Reason I ask is that it could have happened prior and “announced” after, like the BinLadin hit.


22 posted on 08/06/2011 3:05:43 PM PDT by Norm Lenhart
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To: The_Media_never_lie

He has degraded everybody that voted for this marxist numbnut.
Even though I have lost 8% of my stock holdings this week, my gold purchases from 04 and 05 have me still in good standing.

America needs a strong leader that will reverse every little marxist “experiment” this little dictator has foisted upon us. I pray for my Nation.


23 posted on 08/06/2011 3:06:54 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: anymouse

I was thinking about that the other day too ;)


24 posted on 08/06/2011 3:08:46 PM PDT by Norm Lenhart
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To: Norm Lenhart

That wouldn’t surprise me at all, but it looks like the shootdown came about 24 hours after the BBQ.


25 posted on 08/06/2011 3:12:27 PM PDT by buccaneer81 (ECOMCON)
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To: buccaneer81

It’s really informative to read The Reagan Diaries and compare what he was ‘personally’ doing prior/around/after the big events of his day compared with what we know of Obama.

Could not be two more different mindsets.

I genuinely can’t express my sadness over those men having died for a cause that their leader considers nothing more than a political game.


26 posted on 08/06/2011 3:19:50 PM PDT by Norm Lenhart
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To: CommieCutter

*They gave him to US.


27 posted on 08/06/2011 3:20:31 PM PDT by CommieCutter (Promote Liberal Extinction: Support gay marriage and abortion!)
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To: Clairity

28 posted on 08/06/2011 3:20:56 PM PDT by radioone (Capitalism does More with Less, Government does Less with MORE...)
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To: Baynative

Lol! “Made for television president”. Never heard that one.


29 posted on 08/06/2011 3:20:56 PM PDT by Boxsford (God Is.)
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To: Christian1

No, he’s an Arab Caucasian.


30 posted on 08/06/2011 3:23:37 PM PDT by Boxsford (God Is.)
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To: Dilbert San Diego

Actually obamma gave Timmy an exemption so he could get the job. If Timmy had never been caught, he still would be keeping this thing quiet.


31 posted on 08/06/2011 3:24:45 PM PDT by rawhide
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To: Jim Scott

It took Bambi and the Dems no time at all to start blaming everybody. The reality is that the Dems themselves were even responsible for Bush’s gullible approval of the initial TARP plan; the GOP hasn’t had a majority in the House or Senate until quite recently, and essentially anything that came out of the last years of the Bush presidency was a Democratic program, in some cases without even a single GOP vote in favor of it.

Actually, it looks like Obama and the Dems are moving apart right now. He’s so crazy that I think he is scaring even some of the Dems, but at the moment, they’re still protecting each other. However, it is possible that there will be some Dem murmuring, and not only among the extreme left loonies who are disappointed that Bambi didn’t make the oceans drop.

In any case, we have to get enough unity in the GOP to get at least a majority in the Senate and House, and preferably without people like John McCain or Scott, who are time-bombs waiting to sabotage any majority we might get.

And hopefully - the Presidency, too.


32 posted on 08/06/2011 3:24:45 PM PDT by livius
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To: Dilbert San Diego

IIRC, Geitner’s parents knew/worked with Stanley Ann and THAT is why we have Tiny Timmy.


33 posted on 08/06/2011 3:27:59 PM PDT by newfreep (I am a "terrorist" and I am Sarah Palin!)
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To: Dilbert San Diego
“If you repeat a lie enough times, people will start to believe it is true’. This is the way RATS operate, to deceive their followers. The truth be damned, because they are in bed with the MSM, and they know the MSM will cover for them. Tell a lie to advance your agenda, because the results justify the means.
34 posted on 08/06/2011 3:28:51 PM PDT by rawhide
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To: elpadre
Remember that Geithner headed up the NY Fed while Bush was President and no doubt along with Bernanke helped scare Bush into approving the TARP debacle. These people manipulated a naive President and Congress into believing it was a crisis to end all crisis’ to get the money they wanted and bail out their buddies, IMO.

I think you're exactly right. They had to find a way to cut their losses from the subprime lending disaster that they knew was brewing.

35 posted on 08/06/2011 3:34:08 PM PDT by Ben Hecks (Democrats: We didn't invent lying - we just brought it to a whole new level)
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To: eyedigress; bamahead; calcowgirl; DoughtyOne; stephenjohnbanker; BufordP; Avoiding_Sulla; exit82; ..
America needs a strong leader that will reverse every little marxist “experiment” this little dictator has foisted upon us.

Calling for a "strong leader" (dictator) to replace "this little dictator" (Obama)...are you insane or just a garden-variety idiot?

With folks on both sides openly wishing for centralized, authoritarian government headed by a "strong leader" or a "dictator" (or a king, as some "Americans" called for over two centuries ago), it's no surprise that the U.S. is hurtling over the edge and into the abyss.


36 posted on 08/06/2011 3:54:34 PM PDT by rabscuttle385 (Live Free or Die)
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To: Dilbert San Diego; All
Does the Obama administration take any responsibility for this downgrade?

Of course not. Reid's blaming Republicans for not agreeing to a "balanced approach" with higher taxes. Treasury is blaming S&P for a "faulty analysis." Obama blames Bush, the Tea Party... anyone but himself and his allies.

Let's all remember only "Cut, Cap & Balance (HR 2560)," with $4T in cuts, gave the ratings agencies what they said over and over they were looking for. It passed the House, under Boehner, with a bipartisan vote.

What did Obama's White House & the Harry-the-Hooligan say?

Harry Reid: "Over, Done, Dead"

White House: "Duck, Dodge and Dismantle."

They OWN this: Reid, Obama. It's on THEM.

It's not on Bush, it's not on Boehner, it's not on Ryan, it's not on Cantor, it's not on the Tea Party.

Obama, Geithner and Reid did this. A solution was handed to them: they refused because those hard choices didn't conform to their politics.

37 posted on 08/06/2011 3:56:26 PM PDT by newzjunkey (the circular firing squad has got to end now)
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To: rabscuttle385

Strong leader reversing lib stupidity and ‘Dictator’ are 2 different things. Ronaldus Magnus was a ‘Strong Leader’, not a ‘Dictator’, or had you forgotten?


38 posted on 08/06/2011 3:57:04 PM PDT by Norm Lenhart
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To: Clairity

The debt downgrade shows Obama’s plan is working as designed.


39 posted on 08/06/2011 3:57:47 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Clairity
Once again SOCIALISM fails.
40 posted on 08/06/2011 3:59:04 PM PDT by McGruff (I am Sarah Palin)
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To: freedomfiter2
Obama is the one who made the debt and deficit soar by a huge increase in spending.

The Obama Downgrade The real reason the U.S. could lose its AAA rating.


41 posted on 08/06/2011 4:02:27 PM PDT by Clairity ("The United States needs to be not so much loved as it needs to be respected." -- VP Dick Cheney)
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To: penelopesire

Nile Gardiner ping!


42 posted on 08/06/2011 4:03:36 PM PDT by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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To: rabscuttle385

So my use of the term “Strong Leader” is somehow morphed into a “dictator”?

Ronald Wilson Reagan is my definition of a “Strong Leader”.

You need to get off the porch.


43 posted on 08/06/2011 4:05:05 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: rabscuttle385; eyedigress

There is a difference between a “strong leader” and a dictator. “eyedigress” meant a strong conservative leader to reverse the marxist changes Obama is making to the country. Why are you deliberately misinterpreting this?


44 posted on 08/06/2011 4:05:24 PM PDT by Clairity ("The United States needs to be not so much loved as it needs to be respected." -- VP Dick Cheney)
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To: Clairity

Check out the 2000 to 2008 climb. Of course it’s nothing like Obama’s.


45 posted on 08/06/2011 4:06:28 PM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: CommieCutter

“No way in hell they get a chance to move away from him. They own him, they gave him to use. Time for them to eat their peas.”

I suspect that while they are still carrying his water the MSM are desperately looking around for a new savior. They can’t give up this flawed, damaged savior until they have a bigger, brighter candidate. Once they have a new messiah, they’ll dog-pile onto Obama and beat him to death; thus clearing the field for the new candidate.


46 posted on 08/06/2011 4:08:23 PM PDT by Gen.Blather
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To: Clairity; eyedigress
“eyedigress” meant a strong conservative leader to reverse the marxist changes Obama is making to the country

Obama is merely the latest symptom of a disease that has been festering in American social life for decades.

The "Marxis changes" - or more correctly, the expansion of the Federal government beyond its Constitutional bounds - have been enacted over decades by a people who ceded their liberties and freedoms to "strong leaders" in Washington, in the various State capitals, in the county seats and cities and town councils, in the homeowner's associations, in the churches and synagogues, and ultimately, at the heads of the family dinner tables in each of our homes.

Want change? Then start it yourself. Change has to come from each and every one of us. It starts by taking responsibility for one's own life, genuinely turning to one's Creator and pleading for forgiveness for one's share of this national charlie foxtrot, and actually starting to give a damn about being a citizen in good standing of these United States.

No one else can do that for you.

Only you can make change happen.

However, if you need a "strong leader" to do it for you, then you don't deserve the liberties and freedoms that you have, nor do you deserve to call yourselves Americans.

47 posted on 08/06/2011 4:14:05 PM PDT by rabscuttle385 (Live Free or Die)
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To: rabscuttle385

My fear is that we end up running another RINO statist like Romney, or an amnesty queen like Perry. Either way, we’re sunk!


48 posted on 08/06/2011 4:23:03 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: rabscuttle385

You can’t back-up your stupid statement. If you want a “Weak Leader” to have the Presidency of the United States just keep on “keepin’ on”. Regardless of your train of thought. The President of the United States is considered the “LEADER” of the “FREE WORLD.

We face a battle that we can win. Nothing is taken for granted. The policy of Obama is finally getting notice and there is no reason a “Strong Leader” will abide by Constitutinal Law and “Deem” the majority of his actions UNCONSTITUTIONAL!


49 posted on 08/06/2011 4:23:48 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: rabscuttle385

“However, if you need a “strong leader” to do it for you, then you don’t deserve the liberties and freedoms that you have, nor do you deserve to call yourselves Americans. “

I hear the Anarchists are looking for a few good men. Give’em a call. And I’m sure we are all thankful that you are the arbiter of citizenship, now go play with your Paulite buddies and let the adults have a conversation.


50 posted on 08/06/2011 4:25:20 PM PDT by Norm Lenhart
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