ROGER KIMBALL: THANK YOU MR. PRESIDENT
http://pajamasmedia.com/rogerkimball/2011/08/05/thank-you-president-obama/
“In the space of two years, you have done more damage to this economy — which means the future not only of this country but the rest of what you would disdain to call the civilized world — than any President in history. You are a poor man’s Jimmy Carter, a midget Herbert Hoover, a disaster for this country and the world.”
Thank you for this:
“Spreading the wealth around” are you?
Standard and Poor’s (S&P) on Friday announced it had cut the United States’ credit rating from triple-A to AA+, citing the country’s looming debt and deficit burden.
Now, where did that come from, “the country’s looming debt and deficit burden”?
Thank you Obama!
“S&P attached a ‘negative outlook’ to the new rating, while government sources involved in the negotiations with the agency attacked its analysis as deeply flawed.”
It didn’t take you long did it?
Just a couple of years in that big house in Washington and you and your spendthrift colleagues have managed to blight the most productive economy the world has ever seen. Thank you Mr. President!
“The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics,” S&P said in a statement.
What planet are you and Joe Biden and Barney Frank and Nancy Pelosi and Harry Reid from?
“More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.”
In the space of two years, you have done more damage to this economy — which means the future not only of this country but the rest of what you would disdain to call the civilized world — than any President in history. You are a poor man’s Jimmy Carter, a midget Herbert Hoover, a disaster for this country and the world.
S&P said the negative outlook pointed to the possibility of lowering the rating to AA within two years if the government does not cut spending as much as currently pledged, or if higher interest rates and new fiscal pressures worsen the country’s financial picture.
How was the barbecue yesterday? Thanks a lot.
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