Tag Archives: Rachel Maddow

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.

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Filed under Financial Crisis, President Barack Obama, Uncategorized

Joke of the Day: “MSNBC is a news operation” says Maddow

This is is rich.  Rachel Maddow, says:  “MSNBC is not a political operation.  Fox is.  We are a news operation.” 🙂  🙂  🙂

Now, Rachel it’s just not right to lie.  I guess it’s easy though if the truth is not in you.

She is so focused on finding something to criticize Fox about that she either can’t see or does not care what her own network does.

What a circus this network is.  Just throw a tent over it.  She was able to find one incident where someone asked for money on FOX.  As you will see in the video, there are so many times a candidate asked for money and referenced a website on MSNBC it’s just too many to count.  Right after she makes that profound statement, uh, lie, whoever put the clips together inserted one word used by suspended clown Keith Olbermann – “fart.”  Oh, the depth of thought…..That just about says it all as to MSNBC being a professional news operation

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Thank goodness at least one money hawker on MSNBC, Alan Grayson, D-FL, was defeated and maybe we won’t have to hear from him again.

Ms Maddow’s examples of this happening on FNC? A grand total of: one. John Kasich, appearing on Hannity, gave out his website URL and encouraged donations. It’s the only example Maddow gave because it’s the one Media Matters cited. That’s called ‘journalism’.

H/T to Johnny Dollar and Big Journalism.

Posted:  11.09.10

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Filed under Humor, Media, politics