Kerry blames the tea party for credit downgrade (The same John Kerry that was in Vietnam)

washington times ^ | 8/7/2011 | By Ben Wolfgang

[tobyhill]

Sen. John Kerry on Sunday laid the blame for the recent downgrade of the nation’s credit rating at the feet of conservative House Republicans.

“I believe this is, without question, the tea party downgrade,” Mr. Kerry, Massachusetts Democrat, said on NBC’s “Meet the Press.”

Standard & Poor’s rating agency on Friday dropped the U.S. credit rating from AAA to “AA+, questioning the ability of leaders in Washington to deal seriously with the nation’s debt crisis.

[ken21]

kerry was a war hero, on a swift boar, all of a couple months?

[Brilliant]

The guys who wrote the debt are completely blameless, huh?

[Rodm]

You mean the downgrade wasn’t because the Obama and the Dem threw 4.5 Trillion down the rat hole?

[Tzimisce]

....cause there is no source better than a pompous, rich, sucked up his own rear end, liberal hack piece of garbage.....

[Freddd]

Did he explain how Obama ‘inherited’ from Bush

a ‘AAA’ credit rating?

[Sparky1776]

Was Jawn in Vietnam, I didn’t know that!

[Cheetahcat]

Lurch, you Idiots spent the money and Own the debt lock stock and barrel,Now chit head Report to Duty for That!!!

[ZULU]

If we had Cap, Cut and Balance, we would have had no downgrade.

Lurch is a liar - but that is no a surprise.

[Enterprise]

You nailed what we are all thinking.

The Tea Party members implored the Senate and House Republicans not to pass this debt ceiling deal.

The Senate and House Republicans passed it anyway.

S&P promptly downgraded the U.S. from AAA to AA+.

John Effing Kerry and David Alexrod promptly blamed the Tea Party.

We are now living "in interesting times."

[rhubarbk]

John Kerry like Schumer, Reid, Pelosi, Obama and the rest of this administration is the world’s largest collection of flaming A’holes in the history of the the US. Go pound sand.

[Flycatcher]

Did he explain how Obama ‘inherited’ from Bush a ‘AAA’ credit rating?

Great post.

All the movers and shakers that lurk on FR better take that talking point... AND SCREAM IT FROM THE MOUNTAINTOPS!

[Liberal Bob]

I think the blame falls on the Senate for not passing sending the balanced budget amendment from the CC&B bill to the states for approval.

[Flycatcher]

The Tea Party members implored the Senate and House Republicans not to pass this debt ceiling deal.

The Senate and House Republicans passed it anyway.

S&P promptly downgraded the U.S. from AAA to AA+.

You forgot the most important part of this timeline: OBAMA SIGNED IT!

When a president signs a bill, it's his!

[BobP]

You mean the downgrade wasn’t because the Obama and the Dem threw 4.5 Trillion down the rat hole?

--------------------------

Good line Rodm.

Obama: We're Not Even Halfway There Yet

''It's been a long, tough journey. But we have made some incredible strides together. Yes, we have. But the thing that we all ought to remember is that as much as good as we have done... we're not even halfway there yet. When I said 'change we can believe in' I didn't say 'change we can believe in tomorrow.' Not change we can believe in next week. We knew this was going to take time because we've got this big, messy, tough democracy,'' President Obama said at a campaign fundraiser in Chicago on Wednesday night, August 3, 2011.

The proportion of the population that has a job fell to the lowest level in 28 years: 58.1% driven by people who gave up looking for a job.

More than 25 million Americans are either unemployed, or have given up looking, or are working part time but would prefer a full-time job. That means the so-called 'under-employment' rate is 16.1 percent.

But the administration puts out that there's been 17 straight months of private sector job growth under Obama.

It's Obama's economy now, lock, stock and Obamanation barrel.

He will try to blame everyone but himself and his Progressive party, but the blame lies flat in his lap.

Zer0's entering his 'Jimmy Carter' phase, where the majority of people begin to just tune him out and realize he is a failed president who's words no longer inspire and instead create malaise and concern for the nation. Now all we need is that Plains, Georgia rabbit from 1979.

The US Treasury Department came out on August 5, 2011, with its Debt Position and Activity Report for July. The news is bleak.

With the additional $238 billion the Treasury immediately borrowed when the debt ceiling was raised on August 2, total current debt now exceeds 2010 gross domestic product (GDP) for the entire United States.

Debt as of July 31, totaled $14.342 trillion. That was made up of $9.756 trillion held by the public and $4.587 trillion the government owes itself (intergovernmental borrowing, largely from the Social Security and Medicare trust funds to the general fund). GDP in 2010 was $14.5265 trillion. With the Treasury's additional borrowings of $238 billion (the largest one-day bump in history) the total of all debt outstanding has now increased to $14.5807. That's $54.2 billion more than average 2010 U.S. GDP, the last year for which we have final estimates on GDP from the U.S. Department of Commerce.

That increase now puts the government close to the new debt limit of $14.694 trillion, It ate up 60% of the $400 billion in space Congress granted the president on Aug. 2.

Through accounting 'tricks,' Treasury held the nation under the $14.29 trillion 'ceiling' since reaching that figure on May 16, 2011, while lawmakers debated about how to add more debt and annual deficits.

The Republican House had the power to say no to upping the legal debt limit. What a bunch of traitorous scum. They handing over $2 trillion in debt with nothing in return (well, maybe fictitious cuts)... disgusting.

With the latest borrowing, the US joined a small group of red ink countries whose public debt exceeds GDP, including Japan (229 percent), Greece (152 percent), Jamaica (137 percent), Lebanon (134 percent), Italy (120 percent), Ireland (114 percent) and Iceland (103 percent), according to figures provided by the International Monetary Fund.

Barack 'Jackwagon' Hussein and his administration's next goal will be to exceed 200%!

By the time the election comes around, we will have a debt hovering at $16 trillion. And if Zer0 isn't stopped, the GDP will continue to head lower. We may well be at the 150% mark by then.

Yes Jackwagon Obama has been an outstanding Marxist president.

We have now run out of other people's money.

Happy Ramadan You Eff'n Commie

[reefdiver]

They cannot own their failures of the un funded wars on poverty, great society, health care boondoggles since fat ted, mandates, to many to count, down to county level, this debt is DEMOCRAT DEBT

We TEA Folk only said “No More”

Democrats are taxing the not yet conceived, so they can spend it today.

That is sin, no other way to say it.

[crusader71]

Has Kerry paid the taxes on his yacht yet? Nothing more sickening than a guy who “made” all his money by marrying rich women, never creating a private sector job in his entire life, and spending his whole political career sticking it to small business people.

[DBrow]

I suspect that this “blame the TEA Party” will be a drumbeat meme for the election.

[comebacknewt]

No doubt.

Lets hope there are still enough Patriots out there willing and able to turn back ObamAA+ and his minions.

[hotshu]

The “talking point” of the day.

If I didn’t know that their intentions were to destroy this Nation, I’d merely say they were delusional.

Their convictions, however wrong, however evil, are very strong.

tmp