Skip to comments.Obama says U.S. is still a AAA country
Posted on 08/08/2011 11:51:19 AM PDT by Sub-Driver
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.
(Excerpt) Read more at reuters.com ...
Well if double 00 says so - it is. After all, would he lie to us? I don’t think so/s
Shut up you communist bastard.
(Not the OP; Obama).
impeach him now ... he is doing nothing to stop the falling markets ... he is actually cheering the crash on.
impeach this vindictive, passive-aggressive, narcissist
What he means:
All Alinsky All the time!.........
which is another way of saying we are no longer a Major League Country
Affirmative Action Credit Rating! LOL!
this is what parents tell their kids when they come in 7th place.. You’re always 1st in my heart honey..
Zer0 is repeating the mantra that it was the Tea Party Freshmen that put the world in economic peril. The truth is this was our nation’s debt brought on by Zer0’s spending disaster.
With an F class political leadership.
I don't want to pay for it twice over, as one who has worked my whole friggin' life to have some decent savings, and who is at the threshold of retirement to boot.
1. Get rid of Obamacare, Headstart, Govt. Union and those fat pensions.
Drill, frack, mine coal, mine rare minerals, a little foresting...it's about JOBS....it will produce income for the Federal Government.
They still don't get it.
He is a community organizer which makes him qualified to....uh....uh.... read a teleprompter.
The experts beg to differ...
(It reminds of the doting parent, who instead of telling the kid who brings home a report card with all C's that they need to work harder and spend less time watching TV, says "Don't feel bad honey, you're still an A student to me.")
He’s half-right, which is to say he’s wrong. It’s the productive part of America that’s still triple A. The over 50% of the country that pays no taxes whatsoever is not, and are not even double A, and coincidentally happen to be the ones who more often than not voted him in and for whom he does whatever it is he does. Nor are the vast majority of illegal aliens. The more this country looks like the countries they’re from, the more our credit rating is going to look like the credit ratings of their countries.
At this point all it may take is for one reporter to ask the Messiah why he is using a social security card issued to him in a state in never lived in.
It’s a house of cards...he’s a complete fake...his resignation may be within sight.
“Heck, you think the Greeks can screw up an economy? They’re nothing but pikers! We’re Number One! We’re Number One! We’re Number One!!!”
That would be a great bumper sticker. Of course, I would have to carry a gun to protect myself from the mindless Zombies.
He has absolutely no idea what the downgrade means. None whatsoever.
This is the one rare instance in which I agree with the guy. The real problem with the downgrade is that it kicks into gear a lot of mechanical issues in regard to what bond funds have to do in order to get the average rating of their portfolios back up. Bottom line is that if Uncle Sam is AA, US corporate bonds are all one notch down from where they were before, meaning that to get the average ratings back up, they need to sell a lot of corporate bonds and buy Treasuries. Bottom line is we could see short term turbulence in the bond and equity markets because of these purely mechanical type portfolio rebalancings. And in the short term, Treasury bond yields will go down, whereas corporate bond yields will spike.
Amen there are only two ways to create wealth manufacturing & mining.
He said both of those faked birth certificates were real, too.
Tweet from RedEye’s Andy Levy:
BREAKING: Nigerians announce they will no longer ask Americans to help them recover their money
I have a AAA card it is good for flats and towing. :)
That’s because he’s a triple A AAAss.
The party of denial.
American gov is spending too much money....
Government spending and debt is a serious problem (not brush it off)
The WWII generation sacrificed, fought and won WWII.
The baby boom generation is going to have to work 5 more years to preserve freedom....(they are going to have to anyways whether or not a politician is man enough to say it)
we need to seriously cut spending, tax increases will restrict economic activity etc.
I venture to say, the market would not have dropped like a rock during his lame speech......brushing off the issue and not handling it was exactly what the market didn't want to hear
I am really really ticked. The Obama Poloisi Reid Porkulus was spending money my kids money they haven't even earned yet. The The Obama Poloisi Reid Porkulus is ruining freedom for the next generation.....
This proposal will add several hundred billion dollars to the deficit. It is a continuation of Obama policies in 2011, which have not worked.
In a time when the deficit caused the US to be downgraded, it is the height of insanity to continue failed policies that add to the deficit.
Frankly, this proposal is nothing more than a poorly disguised attempt to borrow more money from our children to buy votes for democrats in 2012.
Just say no.
The teleprompter of the affirmative action scholar doesn't seem to understand the difference between imminently and eminently.
Fixed it for ya.
Obama will be remembered, no doubt, for his eloquence, second only to his unwavering, stalwart leadership.
This the the right answer. The tail is now wagging the dog. Freeze all discretionary spending now. Jose and Maria, yes, you can, in your own home town.
There, I fixed it.
Obama is mentally ill. He is completely detached from reality.
But for RVers, the U.S. is a Good Sam country.
Wait, I thought it was a KKK country. That is, while it wasn’t busy being the Tea Party’s fault. And shortly after that it was George Bush’s fault. Of course that was just a bit after it was the fault of those racists in the Tea Party. Who stopped being extremists just long enough to take up racism. Before they supported George W. Bush. And then there was that obstructionist phase. Yup, right after they were done being racists.
“ossifer I’m not drunk it’s just my blood alcohol content is .25”
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