Mr. Obama just told America "We'll always be a AAA country"...didn't he get the notice?
Meanwhile, since he spoke 10 minutes ago, the DOW has dropped 500 points......it started to drop as he spoke. So did any hopes I might have had about what he'd say.
geeeeeeeeeeeeZ
Please watch the video below.......remind yourselves who's putting "ideology, self-interest and party" ahead of America. Remind yourself who's playing Class Warfare every time Mr. Obama talks, as he did today, about the rich paying their "fair" share, as if everyone agrees that IS "fair".
z
remember
Andrew Breitbart...American Hero
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31 comments:
It's pretty embarrassing when China scolded the US about the out of control spending.
My in-laws lost a lot of money last week because of the stock market.
Evidently the Market believes that the S&P Raters have more credibility than our President.
Hi, FW......And Geithner said S&P would never do this. Although I think this has all worked in Obama's favor and don't believe much of what we're hearing about his uncomfortableness with this lowering in the ratings. Heck, he still says we're "Triple A" ...what?
Then he had the GUTS to say in his talk today that we have to "Put aside ideology, self interest and party" ...think he meant his Dems? #@$(*&@(*&$#
Leticia, China scolding us...imagine? It's one thing to have your president against you but every single country seems to be reacting like this, too.
I'm SO SO sorry for your in-laws....it's not like the old days when you could get it back when the market swung in a better direction.
FJ...who doesn't?
Speaking of "self interest" Obama didn't want to deal with this when he will have more pressing issues to deal with like fund raisers, which he was asses and elbows out of there after his boring BS speech to another one for a mere $70,000 per plate.
It must be nice those so called rich people who don't pay their fair share can cough it up to support Obama. But knowing his supporteres they don't pay taxes
I really wish The One would button his lip. Every time this petulant Marxist opens his mouth the Dow drops like three hundred points.
FJ,
My cat has a litter-box full of things that have more credibility than The One.
Hi Z, did you see this article?
http://biggovernment.com/cstreet/2011/08/08/when-did-the-president-know-and-who-did-he-tell/
Not a tin ear... an ear that refuses to listen because he doesn't believe.
Obugger IS a wet blanket-- an absolute disgrace. I will always be proud of the fact that I did not vote for him.
Karen,
I have another thing for you to be proud of: in a little over fourteen months you will once again have a chance to not vote for Dear Leader.
The Stock Market's crash is right in line with Obama's agenda.
Is Obama delusional?
And is he smoking crack cocaine?
I did watch a little of his speech. His eyes looked dead. Why?
I typed in the following in a comment at my site and will add it here:
From the WaPo immediately following Obama's speech today:
Obama’s horrifyingly bad speech
He was a half hour late. His head turned from side to side as if he were attending a tennis match. He practically never looked in the camera, as if he were averting our gaze. And those were the strong parts of President Obama’s disastrous speech.
It was a bit like a slow-motion car crash. After a while, one stopped listening to the blather and simply watched the stock ticker go down and down. And down some more.
[...]
This illuminated Obama’s predicament — devoid of ideas, bitter about political opposition and completely in over his head. If the election were held today, I bet he’d lose. By a lot.
The above from Right Turn at the WaPo.
My question to Obama would be why does he think the downgrade is behind this?
Treasury bond yields took a dive. People are buying with no apparent concern.
Rather the issue is the double dip recession and as usual with this stooge he is incapable of showing any leadership at all.
I don't know what's worse, him or the suckers who buy this ratings Kabuki. Just the Street reminding Rollo who's in charge.
Lisa, those people ought to be writing checks to our Treasury not to his campaign if they think they need to pay whatever they think is their "fair share"....right?
The amount of campaign stumping already is pretty shocking but the media won't comment any more than they'll comment that "yes, indeed! He's actually played much more golf than BUSH, who we criticized every freakin' time he played!" (smile)
Today, he said "we will stay on it till we get the job done!" I wondered what job exactly and how does he do that when he's so busy partying?
Cube..he believes...he just doesn't give a damn and may even be kind of happy more and more and MORE people will have to go to the government teat if this downturn keeps up.
Robert, I think you're right.
Ducky, I can't understand why people are buying right now. I also think this ratings crap is kabuki, though I don't know why people are insulting kabuki like that.
AOW, oh, MY, the sycophantic WaPo is saying THAT? They must have been reading my mind as I listened and took notes...
like "We'll always be a AAA country" REALLY? DOn't look NOW, chump!...
"renewed sense of urgency"..REALLY? WE all knew things were getting very bad years ago!
"Put what's best ahead of ideology, self interest or party" you know who that was aimed at, don't you.
Obama's now saying "The cuts need to be longterm" !! That's funny! Republicans have been saying that all through this process! ugh.
and, if I hear "FAIR SHARE" once more time.......
Fair Witness....good article, but the author needs to wake up and realize NOTHING STICKS TO THIS PRESIDENT! CRIMINAL ACTIVITY? LIke the Left gives a darn??
Geithner told America that S&P would NEVER do this.......but I think he's up to his elbows in it.
"I can't understand why people are buying right now."
Z...It's now a buyers market. Choice stocks are at an all time low. And as usual, they're bound to go up again. Fact is when the buying starts again....like tomorrow, the predators ( who also sold off ) will make a killing by driving the price up again due to the buying.
Oil is now down around $20 per barrel ( see any price declines yet ? ) and will go further.
Imp, I HOPE the prices go up again! I'm beginning to wonder
obama has proved himself to be the biggest waste of space, time and money in your history. The sooner you can vote this preening gasbag out of office the better.
Thanks a lot liberal morons for giving America this fool of a president. A fine representation of your ideology and party i should add.
Here's another example of how the incompetent dumb ass in DC...Comrade "O" has one again fooked you and me...directly killing our ability to freely travel...to enjoy life and to be fundamentally free.
"The most glaring example of Obama’s mismanagement is the decision to tap the Strategic Petroleum Reserve on June 23. Heritage experts James Jay Carafano and Nick Loris outlined the limited circumstances under which the White House could release oil. None of these conditions were met in June, and the Administration itself backpedaled when questioned about the timing. …
Six weeks later, it’s increasingly apparent that Obama took the action to bolster his dismal poll numbers, hurt by the sluggish economy and rising gas prices. …
If the President was serious about bringing down the cost of gas, he would instruct his Administration to reduce the bureaucratic red tape on energy projects in the Gulf of Mexico. A new report from Greater New Orleans Inc.revealed that the issuance of drilling permits is down 71 percent compared to the monthly average over the past three years. …
Worse still is the news that the Department of the Interior might let hundreds of Gulf of Mexico drilling leases expire, costing jobs and further decreasing production.
In other words, the president made choice after choice that hampered the ability of domestic oil producers to do what they do best — produce oil. Then, when Libya-related supply disruptions threatened the president’s political palatability, he tried to compensate in the worst way possible — by tapping reserves designed for far more important times of need than a season of presidential unpopularity."
It should be clear that this man... who only voted"present" ...is totally incompetent and has not an ounce of understanding of markets, success, investments, marketing, banking and the exceptionalism of America....or supply and demand.
Hard to believe from an incompetent fraud that never ran a business and whose sole success is derived from his AA sanctified color, his total ignorance and his stinking magic act for the masses of asses whom he can defraud and bamboozle.
He's nothing more than a cheap Las Vegas act.
It's clear that this moron's only goal is to appease islamist enemies, destroy our economy, drive capital out of the US, and give all those OBOTS another excuse to kiss his ass. As well as making us a lousy cheap 3rd world cesspool of "redistribution" of wealth. Which he has robbed all of us of.
"PERRY AND TRUMP"
2012....NO BS...NO CRAP...TO HELL WITH CHINA....TELL IT LIKE IT IS...AND MOVE THE CAPITAL TO DALLAS.....WHERE THE OIL GUYS KNOW HOW TO MOVE THIS STAGNANT, MORIBUND, DISMAL ECONOMY.
FROM VDH.....
"[Even this simple assertion is wrong. America is drifting as never before toward Europe—the ostensible model for an Obama administration that has borrowed nearly $5 trillion in three years, federalized health care, assumed control of private companies, blocked new plant openings, is eager to increase taxation, and seeks to subordinate U.S. foreign policy to the United Nations, as we see in the case of Libya, where the Obama administration went to the Arab League, the United Nations, and its European allies, but not to the U.S. Congress for authorization.]"
We're at 11:59PM in our ability to turn the clock back...or face the inevitable.
"His head turned from side to side as if he were attending a tennis match. "
AOW you know who else used to turn their head like that when speeching? Mussolini
True,I read that once.
MK, you need to come HELP US!!
Imp; While I think I couldn't take Trump's ego for more than 10 minutes, he sure would KICK SOME REARS. Perry...we'll see. Trump/Christie? :-)
Lisa...And Mussolini didn't have teleprompters!
How amazing there is not a single cogent thought coming from the left; Kerry’s statement on the televised news show, reinforced by the least intelligent of them all, Howard Dean is childish prattle. I am at the point where I have no interest in anything that comes from the left. There is no one worth listening to...
MK has a grasp on things in the USA.
From the viewpoint of the downgrade, I didn't think S&P would do the dirty deed. After all, those are the dummies that completely missed the subprime mortgage stuff they rated AAA.
They are the ones that have missed EVERY FINANCIAL crisis this country has had, and played a major part in the crimes. Somebody from S&P, Moody's, and Fitch should be in jail. Period.
Now those jerks pretend to downgrade the government? Bull!
With that said, our government is guilty of all S&P said. It is true that Obama doesn't get it.
I repeat: OBAMA DOESN'T GET IT!!!!!
The guy stupidly gets on TV and says that we are still AAA. What an idiot!
There is little hope that we get out of this financial morass created by our government anytime soon.
Bob
Spurious Missives
Bob "The guy stupidly gets on TV and says that we are still AAA. What an idiot!"
That's the part that got me. I suppose he meant "we're really a terrific country with no problems"
See, that works (WHAAAAAT?) :-)
He either doesn't realize the jam we're all in or he doesn't CARE or he created it. Take your pick. .."all of the above" works on this Multiple Choice!
Smart money got out of the stock market 3 months ago. Things are way too volatile right now and inflation is rounding the corner. Interest rates are going to blow up. We're all going to die. And that's just the good news.
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