Obama is the first President ever to have a credit rating downgrade on his watch

#2
#2
Yep. All his fault. Things were farkin board games and lollipops before his ass took office.
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#3
#3
It was all roses in 08 compared to the nightmare we are in now.
 
#5
#5
unemployment stats back me up as does our credit rating and the level of debt we had.
 
#6
#6
last two years have been a disaster.

loved all those shovel ready jobs ... "guess they werent all that shovel ready huh?"
 
#7
#7
"We have changed our assumption on this because the majority
of Republicans in Congress continue to resist any measure that would raise
revenues, a position we believe Congress reinforced by passing the act."



-Straight from S&P's official statement. If you think this is all the Obama administration's fault, you must've left Earth from 2000 to 2008. Maybe you should read this before you flip out and say the world is ending..

Why S&P's Downgrade Of The U.S. Credit Rating May Not Be As Bad As It Sounds : Planet Money : NPR
 
#8
#8
2000 to 08 was not a republican top to bottom house. this crap happened because dodd and frank passed idiot bills.
 
#9
#9
by the way you can give all your opinions that ya want but facts are facts.

first president ever to get us a downgrade.

FIRST IN OVER A CENTURY.

that's a fact.
 
#10
#10
Let me break it down for you.. basically what their statement said was that had it not been for all the bickering over the debt ceiling (that was started by the Tea Party) and the **** deal that the Republicans came up with and passed, we would still have a AAA rating. So once again, great call on your part chief.

Here you can read it for yourself in it's entirety. I don't see anywhere in the statement that blames Barack Obama solely:

http://www.standardandpoors.com/ser...lobwhere=1243942957443&blobheadervalue3=UTF-8
 
#11
#11
NEOCON said:
2000 to 08 was not a republican top to bottom house. this crap happened because dodd and frank passed idiot bills.
Click to expand...

And this happened with a majority GOP House.. who wrote the bill that caused the rating to be downgraded... once again your arguments are hysterically hypocritical.

Also:

"The act calls for as much as $2.4 trillion of reductions in expenditure
growth over the 10 years through 2021. These cuts will be implemented in two
steps: the $917 billion agreed to initially, followed by an additional $1.5
trillion that the newly formed Congressional Joint Select Committee on Deficit
Reduction is supposed to recommend by November 2011. The act contains no
measures to raise taxes or otherwise enhance revenues, though the committee
could recommend them."


Hmmm... After reading the rationale of the S&P a few times, I continue to see a reoccuring theme regarding the bill the GOP wrote and passed. But, it's all Obama's fault I thought?

Of course all the GOP are going to sling mud on Obama because it was under his "watch", however the statement from S&P makes it clear this has been a long time coming over multiple administrations and was capped off by Republicans refusing to raise revenues or make a bipartisan decision.
 
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#12
#12
altidore17 said:
Let me break it down for you.. basically what their statement said was that had it not been for all the bickering over the debt ceiling (that was started by the Tea Party) and the **** deal that the Republicans came up with and passed, we would still have a AAA rating. So once again, great call on your part chief.

Here you can read it for yourself in it's entirety. I don't see anywhere in the statement that blames Barack Obama solely:

http://www.standardandpoors.com/ser...lobwhere=1243942957443&blobheadervalue3=UTF-8
Click to expand...

I really don't have time to be dealing with people like yourself so this is the last time we will speak.

The report stated congress. It states congress because the bill they wanted got turned down by the Senate and they ended up taking a weaker bill that was written by Reid. That is the facts.

The bill is a deomcratic bill.

I am not happy with the bill because it did suck just like all democratic bills suck but as usual you (being a liberal) took a statement out of context and didnt actually look deeper into the facts.

I don't have time to deal with small fish like you.

Take care.
 
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#13
#13
NEOCON said:
:mf_surrender::mf_surrender::mf_surrender::mf_surrender::mf_surrender:I really don't have time to be dealing with people like yourself so this is the last time we will speak.

The report stated congress. It states congress because the bill they wanted got turned down by the Senate and they ended up taking a weekend bill that was written by Reid. That is the facts.

The bill is a deomcratic bill.

I am not happy with the bill because it did suck just like all democratic bills suck but as usual you (being a liberal) took a statement out of context and didnt actually look deeper into the facts.

I don't have time to deal with small fish like you.

Take care.:mf_surrender::mf_surrender::mf_surrender::mf_surrender:
Click to expand...


FYP. Talk about the quickest white flag ever.. if you think this is a democratic bill you must be taking something good. Point out one thing in the debt deal that is democratic. Anything? Didn't think so. 99% of that bill is straight from the GOP/Tea Party playbook.

The sad part is, all of these GOP presidential "hopefuls" are making themselves look like 3rd graders tonight on twitter; on par with the UT fans who posted on Kimbrow's twitter. Looks like the upcoming election will end up poorly no matter the outcome.
 
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#14
#14
altidore17 said:
FYP. Talk about the quickest white flag ever.. if you think this is a democratic bill you must be taking something good. Point out one thing in the debt deal that is democratic. Anything? Didn't think so. 99% of that bill is straight from the GOP/Tea Party playbook.

The sad part is, all of these GOP presidential "hopefuls" are making themselves look like 3rd graders tonight on twitter; on par with the UT fans who posted on Kimbrow's twitter. Looks like the upcoming election will end up poorly no matter the outcome.
Click to expand...

S&P was looking for $4T in cuts and said so in the beginning. Those hoping $2T would do the trick were wrong. Not enough was done to correct the trajectory of the national debt and now President Obama is the first president to see our credit rating downgraded.
 
#15
#15
Number of people who really think that it's Obama's fault: 3 million


Number of them who would ever have voted for Obama: 0
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#16
#16
lawgator1 said:
Number of people who really think that it's Obama's fault: 3 million


Number of them who would ever have voted for Obama: 0
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Click to expand...

Ah, now here's a big crazy fish.

Only 3 million blame Obama huh?

You really believe that?
 
#17
#17
milohimself said:
Yep. All his fault. Things were farkin board games and lollipops before his ass took office.
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Click to expand...

he has done somewhat more than his part with his outrageous spending... but this has been in the making since the 60's or earlier when many of these programs were created.
 
#18
#18
NEOCON said:
Ah, now here's a big crazy fish.

Only 3 million blame Obama huh?

You really believe that?
Click to expand...

I said the number that REALLY believe it.

The number that will say it's his fault for political purposes is much higher. But reasonable people realize the issue is much deeper than Obama's policies. So it's only the tea party types - and really even then just the wackos - that will really think it's his fault.
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#19
#19
altidore17 said:
Let me break it down for you.. basically what their statement said was that had it not been for all the bickering over the debt ceiling (that was started by the Tea Party) and the **** deal that the Republicans came up with and passed, we would still have a AAA rating. So once again, great call on your part chief.
Click to expand...
If the spending had not been so reckless for about four years previous the deficit would not have gotten out of control putting us in a position to be downgraded. You are blaming those who couldn't stop the tsunami with an umbrella.

This was a foregone conclusion before this debt debate started.

Bush's last two years were filled with horrible economic decisions, policies, and laws. Obama took those and doubled down on them. Without the out of control spending, there is no deficit. Without the deficit... there is no down grade.
 
#20
#20
lawgator1 said:
I said the number that REALLY believe it.

The number that will say it's his fault for political purposes is much higher. But reasonable people realize the issue is much deeper than Obama's policies. So it's only the tea party types - and really even then just the wackos - that will really think it's his fault.
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Click to expand...

He did more than his part with the stimulus pkgs, bail outs, and Obamacare... but the cause is much bigger than him.
 
#21
#21
thebjd said:
S&P was looking for $4T in cuts and said so in the beginning. Those hoping $2T would do the trick were wrong. Not enough was done to correct the trajectory of the national debt and now President Obama is the first president to see our credit rating downgraded.
Click to expand...

Still missing where this is solely Obama's fault. This would've never happened had the GOP led House held up the voting until the day before the deadline. All that had to be done was to raise the debt ceiling right off the bat, as had been done many many times before. The head of S&P just made a statement saying as much.
 
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#22
#22
sjt18 said:
He did more than his part with the stimulus pkgs, bail outs, and Obamacare... but the cause is much bigger than him.
Click to expand...

I agree that he did his fair share for sure, but all these Republicans seem to forget the 8 years Bush was in office prior, and the awful economy Obama inherited. To blame it on one individual is simply moronic.



P.S.- Neo I'm sad you gave up so early, please come back.
 
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#23
#23
sjt18 said:
He did more than his part with the stimulus pkgs, bail outs, and Obamacare... but the cause is much bigger than him.
Click to expand...

I agree.

My thoughts are the country (mainly liberal policies) pushed us to the edge and he happily pushed us over it.
 
#24
#24
altidore17 said:
Still missing where this is solely Obama's fault. This would've never happened had the GOP led House held up the voting until the day before the deadline. All that had to be done was to raise the debt ceiling right off the bat, as had been done many many times before. The head of S&P just made a statement saying as much.
Click to expand...

So you are saying that had we just raised the debt limit with no curb in spending such as the $4 trillion S&P was looking for we would not have had our credit downgraded.
 
#25
#25
altidore17 said:
Still missing where this is solely Obama's fault. This would've never happened had the GOP led House held up the voting until the day before the deadline. All that had to be done was to raise the debt ceiling right off the bat, as had been done many many times before. The head of S&P just made a statement saying as much.
Click to expand...

and when the democrats had majorities in both houses of congress, they could have passed a budget

it may make you feel good to place all the blame on the GOP, you may even get an occasional kiss from LG when you ride his train, but don't forget which party held huge majorities from January '07 to January of this year.

also don't forget that Obama/democrat legislation has allowed the debt/gdp ratio to increase nearly 30% in the 2 1/2 years since Obama inaugurated.
 
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