Theodore's World: 50 Minutes Late Obama FINALLY Speaks About S&P,He Takes NO Responsibility More Lecturing and Blames Congress!

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August 08, 2011

50 Minutes Late Obama FINALLY Speaks About S&P,He Takes NO Responsibility More Lecturing and Blames Congress!

Barack Obama says the U.S. always is and always has been a triple-A country, despite its rating agency downgrade.

He said also the U.S. didn’t need a rating agency to tell it that it’s political system was having trouble functioning.

Speaking at the White House on the Standard & Poor’s downgrade, Obama renewed a plea to Congress to take action in September of help create jobs and cushion Americans from a still weak economy.

Obama said financial markets around the world “still believe our credit is triple-A. I and the world’s investor’s agree.”


Barney Frank Blames Military Spending for Downgrade


Wild Thing's comment........

He is a COWARD for not taking questions!

Market tanked as he spoke.

Posted by Wild Thing at August 8, 2011 03:55 PM


He says he inherited all these problems from Bush. He also inherited a Triple A+ credit rating from Bush can't blame that on Bush.

HIs attitude will sink the SoB, like the titanic, he's going down.

Posted by: Mark at August 8, 2011 04:56 PM

And one of the first things he said when he started talking was "TAX THE RICH!" Of course, he sugared it up in the usual language of "tax reform" and "those who can afford it" but you know what he means.

The ugly truth the Ba'raq Hussein doesn't want to remind you of is that for the past 50 years or so, every $1.00 of tax increases has resulted in $1.17 in new spending. With that track record, there is NO HOPE of fixing the deficit by any means other than the Tea Party's hard line stance of NO MORE TAX INCREASES, NO MORE SPENDING INCREASES, NO MORE BORROWING INCREASES.

The government is BROKE and ought to start acting like it.

2013-jan-20 can't possibly come soon enough. We need to get that Kenyan Muslim out of his illegitimately attained job in the White House as soon as possible!!!!!!!

Posted by: IGnatius T Foobar at August 8, 2011 05:02 PM

I realize that I am stating the obvious, but with morons like this running the country is it any wonder we are in the shape we are in.

Posted by: MrHappy at August 8, 2011 11:37 PM