Skip to comments.President Obama talks S&P downgrade — finally
Posted on 08/08/2011 1:45:32 PM PDT by NoLibZone
It was about time the president weighed in with a statement about the U.S. credit rating downgrade by Standard & Poors. And thats not just because the reporters in the room were getting antsy after the president was 50 minutes late getting started.
Rather, Obamas press briefing Monday afternoon about the Standard & Poors downgrade came after a weekend in which the primary messaging strategy from the White House seemed to be excuses. Following a bizarre back and forth Friday evening in the news over whether the ratings agency got its math righta has it really come to this? moment if there ever was onethe Treasury Department posted a blog entry called Just the Facts: S&Ps $2 Trillion Mistake. Senior administration officials were calling it political and a facts-be-damned decision. Obama, meanwhile, remained publicly mum.
On Monday afternoon, there was less finger pointing, even if the president did refer to S&P as some agency and invoked the words of Warren Buffett (who said hed give the country a AAAA rating if there was one) to cast doubt on their decision. He called our problems imminently solvable. He said he would be putting together his own plan for consideration by the so-called Super Committee. And he laid out a range of oft-repeated stepsextending the payroll tax deduction and unemployment insurance, investing in infrastructurefor helping to improve the economy.
As a result, Id say the presidents statement failed not due to what he said or didnt say, but when he said it. Saturday morning might have been a much better moment than 50 minutes late on Monday afternoon. When something as unprecedented and historic as S&Ps Friday evening decision occurs, people arent necessarily looking for immediate solutions. But they do want immediate reassurance.
(Excerpt) Read more at washingtonpost.com ...
Wrong. It failed because of what he said, what he didn't say as well as when he said it.
Ronald Reagan accepted all responsibility for things that went wrong during his tenure as President. Obozo makes statements assigning blame to others for things that go wrong under his watch. How did we go from Ronald Reagan to this clown???
Why is it the Tea Party’s fault that S&P made a $2 trillion error?
He's destroying the U.S. economy deliberately.
Because George Soros pays Big Media big money to say it's The Tea Party's fault so it's The Tea Party's fault.
Why is it the Tea Partys fault that S&P made a $2 trillion error?
And oh yeah the 2t, that’s the 2 trillion Rush said Obama added to the debt last August!
Obama will never acknowledge that he added at that 2T to our debt!
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