Tag Archives: Barney Frank

S and P downgrades USA credit rating AA+

The credit rating agency said that it is cutting the country’s top AAA rating by one notch to AA-plus. The credit agency said that it is making the move because the deficit reduction plan passed by Congress on Tuesday did not go far enough to stabilize the country’s debt situation.

A source familiar with the discussions said that the Obama administration feels the S&P’s analysis contained “deep and fundamental flaws.”

S&P said that in addition to the downgrade, it is issuing a negative outlook, meaning that there was a chance it will lower the rating further within the next two years. It said such a downgrade to AA would occur if the agency sees less reductions in spending than Congress and the administration have agreed to make,higher interest rates or new fiscal pressures during this period.

http://finance.yahoo.com/news/SampP-downgrades-US-credit-apf-2107320979.html

Earlier on Friday the DNC claimed victory for Obama in the debt deal:

Democrats won the debt ceiling fight and they have the poll numbers to prove it, says Patrick Gaspard, the former White House official now running the Democratic National Committee.

“This agreement was a stinging defeat for the Ryan/House Republican Budget approach,” read a memo signed by Gaspard, “and was also a thorough rejection of the GOP’s so called ‘Cut, Cap and Balance’ plan, which was simply the Tea Party version of the Ryan plan on steroids.”

Okay. They claim they won the debt ceiling fight, therefore they own it. 

They boast of their rejection of the Cut, Cap, and Balance plan, even though had it been adopted, the downgrade would have been avoided.

 “When the nation is downgraded, and markets crash, the American people now have someone to blame: Those senators that refused to take the opportunity presented by ‘Cut, Cap, and Balance’ to restore order to the nation’s fiscal house.” (Americans for Limited Government)

Cut, Cap, and Balance was passed by the House and went to the Senate on July 22, 2011, where it was promptly TABLED without debate or vote.  It could have been passed and signed into law, avoiding further delays and  the credit rating downgrade.

HOWEVER, HARRY REID HAD ALREADY DECLARED IT WOULD NOT PASS, WOULD NOT PASS, WOULD PASS AND OUR PRESIDENT SAID HE WOULD VETO IT IF IT PASSED. 

ttp://townhall.com/tipsheet/katiepavlich/2011/07/22/democratic_senate_kills_cut,_cap,_balance

Posted:  08.05.11 @ 9:55 p.m.   Updated:  08.06.11 @ 3:48 p.m.

4 Comments

Filed under Financial Crisis, President Barack Obama, Uncategorized

Democrats are NUTS – Unemployment grows the economy?

These  people are NUTS.

“Speaker of the House, Nancy Pelosi, announced Wednesday that food stamps and unemployment benefits are one of the best ways to help grow the economy.”

And Barney Frank and Joe Biden agree.  I saw a link where Media Matters has said, “Yes, they are right,” which I would not click on and read for any amount of money.

They are stupid, delusional, crazy, and I guess they think that people are going to believe that food stamps and unemployment benefits actually GROW THE ECONOMY???  I cannot believe Pelosi and Frank were re-elected.  I cannot believe it.  Supposedly some economist has said, yes, they are right.  Well, whoever that is stupid, too.  Must be the same economist who said the stimulus money would actually stimulate the economy and keep unemployment no higher than 8 percent – all those shovel-ready jobs that did not exist.

And so unemployment goes up to 9.8, Obama goes to Afghanistan and leaves Joe Biden holding the bag.  I am sure the troops were happy to see him. I know I had to turn off the tv when he came on because if I hear one more word from him and his busted lip, I am going to scream.

Joe Biden has demeaned himself beyond repair by becoming a part of this madness.

And as you may have guessed I can’t stand any of them.  I mean I can’t stand them.  Someone may say that is a little extreme.  But I ask you:  They are all running this country in the ground and I’m supposed to like or respect them?   They disrespect me and the American people by lying and trying to deceive us and I hold them in as much contempt as they do me.

I wish I were a registered democrat so I could go down to the elections office and change it – but I’ve already done that.  My family has always been democrat, grandparents, parents, all of them.  They would turn over in their graves if they could hear or see what is going on in this country.

Posted:  12.03.10

25 Comments

Filed under politics