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White House: Downgrade Doesnít Matter, Unless Itís The Tea Partyís Fault
Fox News ^ | August 8 2011 | By Chris Stirewalt

Posted on 08/08/2011 2:45:22 PM PDT by NoLibZone

Power Play White House: Downgrade Doesn’t Matter, Unless It’s The Tea Party’s Fault

By Chris Stirewalt

Published August 08, 2011


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Team Obama Downplays Downgrade, But Blames Tea Party Too

“Look at the history of this – the fact of the matter is that this is essentially a Tea Party downgrade. The Tea Party brought us to the brink of a default.”

-- David Axelrod, top political consultant to President Obama, in an appearance on “Face the Nation.”

The decision by Standard and Poor’s to downgrade the rating of U.S. government debt is:

A) A meritless attack by a biased agency that can’t even do math.

B) The deserved result of the fiscal recklessness of a conservative cabal inside the Republican Party

C) Both A and B

For the Obama White House, the answer has been an emphatic, and sometimes confusing, C.

The administration and the president’s re-election campaign have taken a two-pronged counterattack on the credit-rating rip.

At first, the administration believed that they had turned back the downgrade by convincing the ratings house that its numbers crunchers had overestimated U.S. indebtedness by $2 trillion.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Extended News
KEYWORDS: creditrating; debt; downgrade; obama; obamadowngrade; sandpcreditrating; teaparty; teapartydowngrade

1 posted on 08/08/2011 2:45:27 PM PDT by NoLibZone
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To: NoLibZone

- Obama: “S&P made 2T error & it’s the TeaParty’s fault the error was made”

- Axelrod: “TP’s fault” limit citizens participation in govt

- Geithner: “Didn’t really happen.”

- DNC- “Taxes too low and spend more”

- Chicoms- “The days of borrowing your way out of messes is over”

2 posted on 08/08/2011 2:49:01 PM PDT by NoLibZone (Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
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To: NoLibZone
the way I remember it, the democrats held the country hostage right up to the August 2nd deadline by refusing to cut spending in order to prevent this very thing. But it's the Tea Party's fault somehow? No way. not this time libs. It's time to eat your peas.
3 posted on 08/08/2011 2:49:16 PM PDT by RC one (whatever.)
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To: NoLibZone

A teleprompter being read by U.S. President Barack Obama shows a sentence written in defiance of the lowering of the U.S. credit rating in the State Dining Room of the White House in Washington, August 8, 2011.
4 posted on 08/08/2011 2:52:03 PM PDT by Berlin_Freeper
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To: NoLibZone

Sen. Harry Reid: ‘The Tea Party Will Disappear as Soon as Economy Gets Better’
by Frances Martel | 1:15 pm, January 8th, 2011
Senate Majority Leader Harry Reid– who almost lost his job in a tight race against Tea Party candidate Sharron Angle– seems much more confident in the challenge the Democrats face from that faction now than ever before. In a preview for an exclusive interview with Meet the Press’s David Gregory airing tomorrow, Reid contends that the Tea Party will be a thing of the past as soon as his Congress can fix the economy– a goal not so far off the horizon.

Asked about the challenged from Angle and, more extensively, whether the Tea Party was a “lasting force in American politics,” Reid replied with little hesitation that the economy created the Tea Party, and the economy has the power to destroy it. With confidence in the work the government is doing to repair the damage in the economic sector, Reid believes it will take little to take down the movement:

“The Tea Party was born because of the economy. The economy is probably the worst it’s ever been except for maybe the Great Depression. The Tea Party will disappear as soon as the economy gets better– and the economy is getting better all the time.”
A bold prediction, and one that the Tea Party will either take as a shot to their legitimacy or mere wishful thinking, both on the “better economy” front and on the short half-life of the Tea Party. Giving his fellow Democrats in Congress a light at the end of the tunnel however, especially after the November midterm elections, is likely a smart move for morale as Majority Leader.

5 posted on 08/08/2011 2:52:20 PM PDT by buffyt (Abortion is the ultimate CHILD ABUSE!)
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To: NoLibZone
Keep up the pressure T.E.A. Party Patriots!

6 posted on 08/08/2011 2:53:35 PM PDT by TexasCajun
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To: NoLibZone

It’s actually George Bush’s fault that the Tea Party made S&P downgrade US debt, because Dick Cheney, the racist, used guns to kill innocent animals.

I am really getting so sick of this crap. It’s like the mentality of the entire country has slipped below the nominal level of third graders.

7 posted on 08/08/2011 2:53:42 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: NoLibZone

Crazy that the Chicoms are the ones making some sense.

Sadly we have money for constitutional spending many times over but government keeps borrowing more to blow on all kinds of other crap.

8 posted on 08/08/2011 2:55:03 PM PDT by cripplecreek (Remember the River Raisin)
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To: NoLibZone
The Dems are going all-in on this.

The people who want a balanced budget?
The people who want us to live within our means?
The people who want to listen to advice of the S&P raters?
The people who think taxes are high?
That think government regulation limits economic growth?
That think Obama's unfocused policies lead to business uncertainty and caution?

Those guys are the problem. We're the problem.

This isn't going to sell. The media is going to kneecap itself if it tries too hard to convince people that responsible behavior is the cause of our problems.

9 posted on 08/08/2011 2:55:23 PM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
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To: Attention Surplus Disorder
Image Hosted by
10 posted on 08/08/2011 2:56:27 PM PDT by cripplecreek (Remember the River Raisin)
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To: Attention Surplus Disorder

(Google Obama Blames Others - Google Obama Blames)

The Winner is always part of the answer;
The Loser is always part of the problem.

The Winner always has a program;
The Loser always has an excuse.

The Winner says, “Let me do it for you”;
The Loser says, “That is not my job.”

The Winner sees an answer for every problem;
The Loser sees a problem for every answer.

The Winner says, “It may be difficult but it is possible”;
The Loser says, “It may be possible but it is too difficult.”

When a Winner makes a mistake, he says, “I was wrong”;
When a Loser makes a mistake, he says, “It wasn’t my fault.”

A Winner makes commitments;
A Loser makes promises.

Winners have dreams;
Losers have schemes.

Winners say, “I must do something”;
Losers say, “Something must be done.”

Winners are a part of the team;
Losers are apart from the team.

Winners see the gain;
Losers see the pain.

Winners see possibilities;
Losers see problems.

Winners believe in win-win;
Losers believe for them to win someone has to lose.

Winners see the potential;
Losers see the past.

Winners are like a thermostat;
Losers are like thermometers.

Winners choose what they say;
Losers say what they choose.

Winners use hard arguments but soft words;
Losers use soft arguments but hard words.

Winners stand firm on values but compromise on petty things;
Losers stand firm on petty things but compromise on values.

Winners follow the philosophy of empathy: “Don’t do to others what you would not
want them to do to you”;
Losers follow the philosophy, “Do it to others before they do it to you.”

Winners make it happen;
Losers let it happen.

Winners plan and prepare to win.
The key word is preparation.

11 posted on 08/08/2011 2:56:27 PM PDT by buffyt (Abortion is the ultimate CHILD ABUSE!)
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To: NoLibZone

Nothing matters to these nitwits.

12 posted on 08/08/2011 2:58:47 PM PDT by boomop1
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To: cripplecreek

Need that on a shirt.

13 posted on 08/08/2011 3:00:26 PM PDT by petercooper (2012 - Purge more RINO's.)
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To: JoanneSD

The tea party does not hold a seat in congress, and really is only an idea put forth by fed up tax payers.
The idea is that the congress should not spend more than it takes in.. and to cut the deficit

14 posted on 08/08/2011 3:01:33 PM PDT by JoanneSD (TEA PARTY VERSES TEE TIME)
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To: ClearCase_guy
The Dems are going all-in on this.

Good way of putting it. It shows just how high stakes the 2012 election is. They know that Obama's re-election is a once in history chance to turn the US into a socialist/Marxist hellhole like the countries they admire and they're going to push all their chips into the middle to try to make it happen.
15 posted on 08/08/2011 3:07:35 PM PDT by rockvillem
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To: NoLibZone

The economy is going south, our debt is out of control, none of their Keynesian fixes have worked and there aren’t any more left to try and these jerks view this as an opportunity for political gain??? Don’t these jackasses realize they are supposed to be governing, not just running for election???

16 posted on 08/08/2011 3:45:37 PM PDT by colorado tanker
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To: NoLibZone

WASHINGTON (Reuters) – The head of Standard & Poor’s sovereign ratings, David Beers told “Fox News Sunday”...the downgrade announced on Friday was not due to the budget positions of any political party and that on any future agreement, “We think credibility would mean any agreement would command support from both political parties.”

Beers called the U.S. Treasury Department’s criticism of the credit rating agency’s analysis a “complete misrepresentation.” Even with the debt limit agreement passed by Congress, he said, “the underlying debt burden of the U.S. is rising and will continue to rise over the next decade.”

17 posted on 08/08/2011 3:53:00 PM PDT by Hugin ("A man'll usually tell you his bad intentions if you listen and let yourself hear it"--- Open Range)
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To: NoLibZone

Another CYA caper developing in our Republic. We’ll see who wins this one. :-)

18 posted on 08/08/2011 4:06:05 PM PDT by willibeaux (de ole Korean War vet age 81)
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To: buffyt

“”Reid contends that the Tea Party will be a thing of the past as soon as his Congress can fix the economy””

Did he fail to recognize why the TEA Party was formed to begin with? This is one of the most stupid statements I’ve ever seen a politician make. That’s like saying the firetrucks won’t be needed in the neighborhood once the fire is put out.

I know it was made in January of this year but I’ll bet he hasn’t changed his mind at all except now he won’t have much credibility if wants to BLAME the TEA Party for S&P’s downgrade, will he?

WHOOPS, Harry - your prediction was WRONG because you haven’t made anything better.

19 posted on 08/08/2011 4:12:04 PM PDT by Thank You Rush
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