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Obama says U.S. is still a AAA country
Reuters ^

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 ...


TOPICS: Front Page News; News/Current Events
KEYWORDS: barrackolypsenow; bhoeconomy; bhofascism; creditrating; delusions; democrats; downgrade; fail; impeach; obama; obamadepression; obamageddon; presidentdowngrade
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FAIL........
1 posted on 08/08/2011 11:51:21 AM PDT by Sub-Driver
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To: Sub-Driver

Well if double 00 says so - it is. After all, would he lie to us? I don’t think so/s


2 posted on 08/08/2011 11:53:24 AM PDT by Bitsy (!)
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To: Sub-Driver

EPIC FAIL


3 posted on 08/08/2011 11:53:32 AM PDT by A message
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To: Sub-Driver

Shut up you communist bastard.

(Not the OP; Obama).


4 posted on 08/08/2011 11:53:56 AM PDT by BCEagles
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To: Sub-Driver

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
NOW !!!!!!!!!!!!!!!!!!!


5 posted on 08/08/2011 11:53:56 AM PDT by nightmarewhileawake
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To: Sub-Driver

What he means:

All Alinsky All the time!.........


6 posted on 08/08/2011 11:54:17 AM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
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To: Sub-Driver

which is another way of saying we are no longer a Major League Country


7 posted on 08/08/2011 11:55:44 AM PDT by Buckeye McFrog
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To: Sub-Driver

Affirmative Action Credit Rating! LOL!


8 posted on 08/08/2011 11:56:06 AM PDT by TSgt (When in the Course of human events...)
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To: Sub-Driver
Obama says U.S. is still a AAA country.

...with a "D" president.
9 posted on 08/08/2011 11:56:06 AM PDT by fallujah-nuker (Pakistan delenda est)
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To: All

this is what parents tell their kids when they come in 7th place.. You’re always 1st in my heart honey..


10 posted on 08/08/2011 11:56:10 AM PDT by newnhdad
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To: Sub-Driver

11 posted on 08/08/2011 11:56:18 AM PDT by AngelesCrestHighway
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To: Sub-Driver

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.


12 posted on 08/08/2011 11:56:45 AM PDT by jonrick46 (2012 can't come soon enough.)
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To: Sub-Driver

With an F class political leadership.


13 posted on 08/08/2011 11:56:45 AM PDT by MNJohnnie (Giving politicians more tax money is like giving addicts free drugs to cure their addiction)
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To: Sub-Driver
Downgraded
14 posted on 08/08/2011 11:56:50 AM PDT by CPL BAUM (for the greater glory of God, Country & Corps)
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To: Sub-Driver
Raise taxes, cut benefits on older voters first. I'm not saying they don't need to be cut, but lets cut out the waste. Just today I heard about $100 million to his friends in Somalia for famine relief; and Comcast, probably under pressure, giving $9.95 internet service to the poor while I pay several times that amount. Meanwhile FHA digs a big hole giving 3.5% down mortgages, the Federal government consumes over 25% of GDP, and the states are deep in the hole, too.

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.

/rant off

15 posted on 08/08/2011 11:57:28 AM PDT by Pearls Before Swine
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To: Sub-Driver
You can't talk about the importance of their rating as a reason to raise the ceiling....and then take it back. What a bunch of jerks.

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.

16 posted on 08/08/2011 11:57:52 AM PDT by Sacajaweau
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To: Red Badger

He is a community organizer which makes him qualified to....uh....uh.... read a teleprompter.


17 posted on 08/08/2011 11:58:00 AM PDT by A message
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To: Sub-Driver
Obama says U.S. is still a AAA country

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.")

18 posted on 08/08/2011 11:58:41 AM PDT by apillar
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To: Sub-Driver

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.


19 posted on 08/08/2011 11:58:45 AM PDT by OldNewYork
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To: nightmarewhileawake

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.


20 posted on 08/08/2011 11:59:11 AM PDT by kjo
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To: Sub-Driver
A Triple-A country with a Triple-X CINC.
21 posted on 08/08/2011 11:59:18 AM PDT by E. Pluribus Unum (Palin is coming, and the Tea Party is coming with her.)
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To: Sub-Driver

“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!!!”


22 posted on 08/08/2011 11:59:18 AM PDT by Billthedrill
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To: CPL BAUM

That would be a great bumper sticker. Of course, I would have to carry a gun to protect myself from the mindless Zombies.


23 posted on 08/08/2011 11:59:51 AM PDT by jonrick46 (2012 can't come soon enough.)
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To: Sub-Driver

He has absolutely no idea what the downgrade means. None whatsoever.


24 posted on 08/08/2011 12:00:07 PM PDT by Spok (A free man wants to be neither slave nor master.)
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To: Sub-Driver

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.


25 posted on 08/08/2011 12:00:31 PM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: Sub-Driver
Still AAA. America's president is an Arrogant Ass
26 posted on 08/08/2011 12:03:40 PM PDT by hometoroost (Per Oceander: The only guarantees in life are death, taxes, and stupidity.)
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To: Sacajaweau

Amen there are only two ways to create wealth manufacturing & mining.


27 posted on 08/08/2011 12:03:40 PM PDT by wordsofearnest (Proper aim of giving is to put the recipient in a state where he no longer needs it. C.S. Lewis)
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To: Zhang Fei
It's time the Pubbies get a pair and pass a resolution of no confidence and call for his resignation
28 posted on 08/08/2011 12:05:01 PM PDT by Robe (Rome did not create a great empire by talking, they did it by killing all those who opposed them)
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To: Sub-Driver

He said both of those faked birth certificates were real, too.


29 posted on 08/08/2011 12:06:05 PM PDT by Da Coyote
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To: Sub-Driver

30 posted on 08/08/2011 12:06:11 PM PDT by Uncle Miltie (Gore Lauds Romney on Climate Position; 0bamaCare was based on RomneyCare.)
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To: CPL BAUM

31 posted on 08/08/2011 12:07:24 PM PDT by Uncle Miltie (Gore Lauds Romney on Climate Position; 0bamaCare was based on RomneyCare.)
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To: Zhang Fei

Tweet from RedEye’s Andy Levy:

BREAKING: Nigerians announce they will no longer ask Americans to help them recover their money


32 posted on 08/08/2011 12:08:17 PM PDT by newfreep (I am a "terrorist" and I am Sarah Palin!)
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To: Sub-Driver

I have a AAA card it is good for flats and towing. :)


33 posted on 08/08/2011 12:08:56 PM PDT by marbren (I do not know but Thank God God knows)
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To: Sub-Driver

That’s because he’s a triple A AAAss.


34 posted on 08/08/2011 12:10:23 PM PDT by DoughtyOne (Reid and Boehner step down. Let's hold a general election in November and boot the Pride of Kenya..)
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To: Sub-Driver
It's the SPENDING Stupid!


35 posted on 08/08/2011 12:11:17 PM PDT by Uncle Miltie (Gore Lauds Romney on Climate Position; 0bamaCare was based on RomneyCare.)
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To: DoughtyOne

The party of denial.


36 posted on 08/08/2011 12:11:47 PM PDT by Cheryllynn
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To: Sub-Driver
If Obama stated simply stated the obvious....

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.....

37 posted on 08/08/2011 12:13:30 PM PDT by FreedomProtector
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To: Sub-Driver
“Obama called on Congress to extend a payroll tax cut and unemployment benefits, saying if this is not done soon it will lead to 1 million fewer jobs and less economic growth”

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.

38 posted on 08/08/2011 12:13:39 PM PDT by LOC1 (Let's pick the best, not settle for a compromise.)
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To: Sub-Driver
He said U.S. problems are "imminently solvable"

The teleprompter of the affirmative action scholar doesn't seem to understand the difference between imminently and eminently.

39 posted on 08/08/2011 12:14:45 PM PDT by Meet the New Boss
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To: Sacajaweau
1. Get rid of illegal invaders that are sucking up entitlements Obamacare, Headstart, Govt. Union and those fat pensions.

Fixed it for ya.

40 posted on 08/08/2011 12:14:45 PM PDT by liberalh8ter
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To: Sub-Driver
It's poetic, really. A Churchillian stand against the slings and arrows of outrageous teabaggery.

Obama will be remembered, no doubt, for his eloquence, second only to his unwavering, stalwart leadership.

41 posted on 08/08/2011 12:15:36 PM PDT by Steel Wolf ("Few men desire liberty; most men wish only for a just master." - Gaius Sallustius Crispus)
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To: OldNewYork
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..

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.

42 posted on 08/08/2011 12:15:36 PM PDT by Calusa (The pump don't work cause the vandals took the handles. Quoth Bob Dylan.)
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To: Cheryllynn

Agreed...


43 posted on 08/08/2011 12:18:14 PM PDT by DoughtyOne (Reid and Boehner step down. Let's hold a general election in November and boot the Pride of Kenya..)
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To: Sub-Driver

Pandering


44 posted on 08/08/2011 12:19:54 PM PDT by Tempest (Ruining the day of corporate butt kissers everywhere.)
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To: Steel Wolf
Obama will be remembered, no doubt, for his eloquence denial of reality, second only to his unwavering, stalwart leadership Narcissism.

There, I fixed it.

45 posted on 08/08/2011 12:20:10 PM PDT by Only1choice____Freedom (FDR had the New Deal. President 0bama has the Raw Deal.)
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To: Sub-Driver

Pandering


46 posted on 08/08/2011 12:20:22 PM PDT by Tempest (Ruining the day of corporate butt kissers everywhere.)
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To: Sub-Driver

Obama is mentally ill. He is completely detached from reality.


47 posted on 08/08/2011 12:21:00 PM PDT by CodeToad (Islam needs to be banned in the US and treated as a criminal enterprise.)
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To: Sub-Driver
Obama says U.S. is still a AAA country

But for RVers, the U.S. is a Good Sam country.


48 posted on 08/08/2011 12:21:16 PM PDT by Yo-Yo (Is the /sarc tag really necessary?)
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To: Sub-Driver

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.


49 posted on 08/08/2011 12:22:41 PM PDT by Attention Surplus Disorder (Both sides need to put aside the partisan bickering, & work out how much free stuff I get)
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To: Sub-Driver

“ossifer I’m not drunk it’s just my blood alcohol content is .25”


50 posted on 08/08/2011 12:22:41 PM PDT by Portcall24
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