Now that S&P has downgraded America’s credit rating, Robert looks at what might have prevented this.
One last thought. IS it possible that Boehner is a masterful chess player? The first bill the HOUSE sent to the senate would have resulted in NO DOWNGRADE. The second bill was weaker, the third one was the signed bill and the weakest of all.. The POTUS signed it.
SO to recap, Boehner had a bi-partisan bill sent to the senate that was CC&B that never got a vote. Who is to blame for that? Just sayin.
Soooooo, isn’t this special? The Democrats, if they had compromised, and cared about this country more than politics could have prevented this. The GOP better use this is campaign ads.
Allen West has already got the right idea. Happy Birthday Mr. President!
“Happy 50th Birthday Mr. President! While surprises are for birthdays, it is no surprise to the American people that your failed economic policies –- from TARP to your health care bill–- have resulted in disaster for our economy. Since taking office, unemployment has remained at or near 9 percent for 28 months, America has added $3.4 trillion in debt in 29 months — the equivalent of about $4 billion per day — we have an anemic housing market with record foreclosures, and an average price of nearly $4 for a gallon of gas. Even your budget did not receive one single vote in the United States Senate — and the icing on the cake –- a stock market slide of nearly 800 points in the last 5 days.
While it may be hard to hear the American people’s frustration over the pop of the champagne corks and R&B bands at your $30,000/person birthday party, the citizens of this nation are suffering under your failed leadership. The best present you can give the American people will be for you and your failed economic policies to be defeated in November of 2012.” Thanks to Fox Nation
UPDATE!! Bachman and Cain weigh in and Stacy “causing consternation in Iowa” McCain has the scoop
Bachman is dead on target of course, Geithner is a national disgrace and has to go. Herman Cain had similar sentiments
On Tuesday, April 19, 2011, Treasury Secretary Tim Geithner promised that America faced “no risk” of a credit downgrading. Less than four months later, he is proven shamefully wrong. As I have feared for months, the S&P has chosen to downgrade America’s credit rating from AAA, which we have always enjoyed, to AA+.
Perhaps this is because the Obama Administration and Congressional Democrats never once demonstrated a willingness to propose its own ideas for meaningful spending cuts, something credit agencies signaled were necessary to redeem America’s financial standing in the world.
As a corporate executive, I’ve rescued companies from the brink of bankruptcy and returned them to profitability. That involved balancing budgets or even creating them in the first place, something that the Democratic leadership in Congress hasn’t done for 828 days. If I couldn’t run companies without budgets, how can the government?
I also had to make tough budgetary cuts to save companies. Leadership is about doing what’s right, even when it’s difficult. But somehow, that sort of idea was never floated among those within the Obama Administration.
Now, Americans are fearful for their retirements and for their children’s educational savings. This is a country known for dreamers and innovators, for thinkers and doers. And now, we are a nation living in fear.
This is a sad day for America. Such a rating is unfitting of the greatest and most prosperous nation the world has ever known. And such a weak leader is, as well.
Remember Hope? and Change? Remember those? What a joke, that was. America fell for a cheap, transparent gimmick, and now we are suffering the consequences for our gullibility!