Obama calls US AAA nation despite AA+ Rating

Obama calls US AAA nation despite AA+ Rating

WASHINGTON (AP) – President Barack Obama on Monday essentially dismissed the first-ever downgrade of the U.S. credit rating, trying to reassure investors and the public that the nation’s leaders need only show more “common sense and compromise” to tame a staggering accumulation of debt.

Seeking to demonstrate command in a volatile economic climate, Obama said he hoped the decision by Standard & Poor’s would at least give Congress a renewed sense of urgency to tackle debt problems. He said that must be done mainly by taking on the politically difficult issues of reforming taxes and entitlement programs in the coming months.

In his first public comments on the credit downgrade, which S&P announced late Friday, Obama said Washington had the power to fix its own political dysfunction.

“Markets will rise and fall,” he said. “But this is the United States of America. No matter what some agency may say, we’ve always been and always will be a triple-A country.”

Full Story Here:
Obama calls US AAA nation despite AA+ Rating

I don’t know who *Boy Blunder* was trying to fool with this remark, “No matter what some agency may say, we’ve always been and always will be a triple-A country.” but the truth of the matter is this, no matter WHAT Barack Hussein Obama says, the CREDIT RATING that America enjoys is NOT a matter of opinion, especially HIS. Our credit rating is ruled by the S&P and the confidence that they have in American solvency.

S&P officials dropped the government’s rating to AA+ from the top rating, AAA, based on a lack of confidence that Congress and the president will be able to shake their political gridlock and make more serious reductions in the long-term debt. The agency was dissatisfied with the deal lawmakers reached last week just in time to prevent a government default.

If the leadership we currently suffer in the White House and both Houses of Congress is any indication of *confidence*, it’s a wonder we’re not ranked as a 3rd World, high risk dung heap.

Every time Barack Hussein Obama opens his mouth the markets crash. That is NOT a wild statement, it is a matter of fact. Look at his speeches of late and you’ll see that I do NOT exaggerate.

Obama said most of the world’s investors agree that the United States remains a wise place to put their money.

Still, stocks sunk in trading Monday as U.S. investors joined a global sell-off after the downgrade.

So, if the United States remains a ‘wise place to put your money’, why then is this the closing picture of the stock market today?

Dow Jones 10,810.83 -633.78 (-5.54%)
S&P 500 1,119.57 -79.81 (-6.65%)
Nasdaq 2,357.69 -174.72 (-6.90%)

Now I don’t know about you, but I find it incredibly hilarious when the E-Trade baby goes into full tilt panic mode…


All jokes aside, we are in DEEP trouble America.

The President of the United States got on TV today and he rambled, he stuttered, he was *lost in space*, he made NO sense in his speech and he offered no words of confidence, and he was READING from the teleprompter, and he was still less than confident in his speech.

Obama talked for several minutes and he blamed this money crisis on anything and everyone he could think of; the TEA Party, the GOP, Conservatives, the tsunami in Japan, the earthquakes in Japan, the recession that he came into in 2009 when he assumed office, read that as BLAME BUSH. 

Obama blamed the wars in Iraq and Afghanistan, and in that I can agree with him, we need to be GONE in both places.

The only group that didn’t get blamed was Obama himself and his administration…imagine that!

If you enjoyed this post, make sure you subscribe to my RSS feed!

This entry was posted in Money Matters and tagged , , , , , . Bookmark the permalink.

13 Responses to Obama calls US AAA nation despite AA+ Rating

  1. Katie says:

    Why is it I feel that since we’ve elected Sheik Obama that God has cursed our nation. Our economy is in ruins, our military is being destroyed, our weather is going haywire and our morale is in the gutters.

  2. Boy Blunder must love the 635 point drop in the Dow-Jones today. It’s wake up time, Obamabi!

  3. Bluto says:

    When asked to comment about today’s market woes, Obama responded –

    “Winning, anyone? Rhymes with winning. Anyone? Yeah, that would be us. Sorry, man, didn’t make the rules.
    I’m so tired of pretending my life isn’t perfect and bitching and just winning every second and I’m not perfect and bitchin’.
    I’m tired of pretending I’m not a total bitchin’ rock star from Mars.”

  4. He is delusional on many fronts and does see his future flashing before him — and it’s not quite so good. Still and all, he’s going to insist on another Porklus — #3. And then he will TRULY be insane simply by that term’s own definition.

    Everyone says he’s out of bullets; I submit he’s not. He’s still got a Porkulus bullet in the cylinder and he’s about to thumb back the hammer.

    And this for final consideration: we’ve had ratings since 1917. AAA since then. It is only NOW that we’ve EVER been de-rated. That means we survived the Great Depression, WWII, Korea, Vietnam, Carter, 2008’s stock crash WITHOUT a lowering of our credit rating.

    The difference between now and then?

    1. Mr Obama
    2. The insistence that we continue to spend whilst offering NO SIGNIFICANT CUTS

    Simple as that.

    BZ

  5. TexasFred says:

    Bluto — So, basically, what you’re saying is, Obooboo is as messed up as Charlie Sheen? 😕

  6. TexasFred says:

    BZ — Obama is driving America over a cliff in a car manned by The Insane Clown Posse..

  7. Bluto says:

    Yes, Fred. Dude is completely delusional and an egomaniac. At least Sheen would be busy with hookers & blow and do less damage.

  8. TF, pretty much.

    And look at you — you know about the Insane Clown Posse from Detroit!

    BZ

  9. Bob Mack says:

    Meanwhile, S&P has upgraded Ohio’s rating. The moral? Never elect a socialist as president.

  10. Rich Timm says:

    Texas has recently had it debt rating & S&P raised from AA- to AA.

    Why…
    Flashback 2009: Texas Has Its Credit Rating Upgraded By S&P Based On Rick Perry’s 2010–2011 Budget

    ***”S&P’s decision was based on Texas’ 2010-11 biennial budget, the state’s strong Rainy Day Fund, and Texas’ low tax-supported debt burden. The higher rating means Texas will pay lower interest on money it borrows, saving of millions of taxpayer dollars.”***

    While this was posted at Red State today as it looks like Perry will announce his run for the 2012 Presidency during the annual Red State Gathering

    About Charleston and Rick Perry RedState

    ***”Aug 8 (Reuters) – Rick Perry will signal plans to seek the 2012 Republican presidential nomination at an event in South Carolina on Saturday, Republicans familiar with the plans said on Monday.”***

    while I have not agreed with some of his tactics, stance & politicking, Perry will be a breath of fresh air to 1600 Penn Ave as he will wipe his ass with Barry and the Barackalypse he has caused.

  11. BobF says:

    TEA Party wanted trillions in cuts
    S&P says 4 trillion in cuts would have allowed US to keep AAA Rating
    Obama says TEA Party is at fault for downgrade rating

  12. NativeSon says:

    Why does HUSSEIN always say the answer is “compromise?” When are the socialists gonna compromise?!? How ’bout the Muslims?!?

  13. Yesterday’s pathetic speech indicated to me that Obama has finally realized that he is powerless in the face of this worldwide economic crash. Did you look at his eyes? Dead. And, for the first time, he actually realizes that he may well lose in 2012.

    He refuses to accept the reality of the downgrade of our credit rating. Denial of reality — typical of a crack addict.

    Yes, I maintain that Obama is smokin’ crack. I’ve written on that topic and have seen nothing since to change my evaluation.

    And here’s something interesting….When I bring up that possibility, others who have seen crack cocaine bring down members of their family say after pause and due consideration, “I think you’re right about that!”

    Hey, I read yesterday that a Saudi newspaper wants Obama out of office. NOW. So, his Saudi masters have turned him against him, too.

Comments are closed.