Thanks Barack… S&P Credit Analyst David Beers Says Company May Downgrade US AAA Rating By End of July (Video)

Thanks Barack.
Standard and Poors credit analyst David Beers told Neil Cavuto that the S&P may downgrade their USA rating before the end of the month and as early as Monday. This would be the first time the US would lose their AAA rating. Another breakdown in talks could also lead to the downgrade.
Barack Obama still has no plan.

Again, let’s be clear… This potential downgrade is not a complete surprise.

Obama tripled the deficit his first year with the failed Obama-Pelosi stimulus plan.
In Obama’s second year the deficit topped a trillion dollars again.
It was unprecedented.

The Obama deficit this year may reach $1.29 trillion. (The Captain’s Comments)

Barack Obama and Democrats also added over One Trillion Dollars to the Federal Budget in the last 4 years.

That’s at least a 30% increase in federal spending in just 3 years.
Obama has no intention of serious spending cuts. He still has no plan.

#2 July 23, 2011 at 11:08 am
ohio commented:

Just remember these are same organizations (Standard and Poors and Moody’s) that gave the coveted AAA rating to the sub prime mortgages and the derivitaves.
#3 July 23, 2011 at 11:16 am
Daniel commented:

Just remember, Barney Frank, along with the Democrat Party, protected Fanny Mae and Freddie Mac in order to manage that fact, ohio.

George Bush wanted to investigate that, but was denied from doing so – 17 times.

Let’s not forget that, either.
#4 July 23, 2011 at 11:16 am
rbosque commented:

Incredible to think that we’d do better as a country if no one were in the WH.
#5 July 23, 2011 at 11:17 am
gus commented:

Yes Ohio, we’ll try to remember that.
#6 July 23, 2011 at 11:26 am
vityas commented:

Actually, Thank You, Barack.
Without this catastrophic presidency, America would have continued the gradual slide into socialism. This woke us up, it’s late but there’s still time. Without him, maybe time would have run out for freedom, democracy and capitalism.
#7 July 23, 2011 at 11:28 am
Espresso Logic _ The 6th Sense commented:

Our POTUS is a POS. I will take 10 years to unravel this mess.

BHO-POS woke the country up!
#8 July 23, 2011 at 11:35 am
chris commented:

You do not get downgraded for spending too little.
You get downgraded for both spending too much (revenues<expenses) and acting in an irresponsible manner (continue to live beyond your means)
#10 July 23, 2011 at 11:37 am
xqqme commented:

Bond vigilantes on the horizon.
#11 July 23, 2011 at 11:49 am
StrangernFiction commented:

You do not get downgraded for spending too little.
You get downgraded for both spending too much

And not raising the debt limit would force us to SPEND LESS.

Up is down, down is up………….
#12 July 23, 2011 at 11:53 am
MDd commented:

So much for our super duper Dim stewards of the economy – I guess their “clean” debt ceiling increase wouldn’t have worked out so well. Where’s their top economic adcisor and cheerleader? Calling Paul Krugman.
#13 July 23, 2011 at 12:34 pm
Carbon Pootprint commented:

So what’s that one guy (must be only one because that’s the only person the propaganda treasonous media drags out) over at Moody’s, Mark Zandi have to say?

New York is a truth desert
#14 July 23, 2011 at 12:43 pm
Lance commented:

Moody’s, Fitch and S&P can go to hell. It doesn’t take a genius to figure out what’s happening to this country. Call it like it is and maybe the average man will respect you again.
#15 July 23, 2011 at 12:53 pm
mcc commented:

A report earlier this year told us what BO plans to do. Destroy our economy:

Obama Budget Adds $9.5 Trillion to US Debt

On March 18, the non-partisan Congressional Budget Office released its annual “re-calculation” of President Obama’s 10-year budget proposal that he released in February. The CBO now estimates that Obama’s budget proposal will add $9.5 trillion to the national debt over the next 10 years, if enacted.

http://profutures.com/article.php/736/
#16 July 23, 2011 at 1:01 pm
gus commented:

There is no problem. We have paper, ink and printing presses. What could go wrong.
Oh, and notice the press is no longer touting a SECOND and BIGGGGGER STIMULUS.
Where did that to notch idea run off to? It hasn’t occurred to the LIBTARD PRESS yet. Obama would shut them down faster an unlicensed KOOL AID stand if he could.
The retard in the White House is said to be intelligent. Puppycock. He’s a Marxist, ergo a moron.
#17 July 23, 2011 at 1:03 pm
gus commented:

MCC, couple that with what Obama said today. The guy lies and everybody knows he’s lying, but the MEDIA just continues along the Highway to hell.
#18 July 23, 2011 at 1:14 pm
Valerie commented:

Here’s some of the detail about why we got to this place. We have a sitting US President who is not terribly careful with the facts.

http://budget.house.gov/SettingtheRecordStraight/

Rep. Paul Ryan is Chairman of the House Budget Committee. The rest of the members are listed here. Debbie Wasserman Schultz is on the list. Her constituents need to send her the link below. She’s not going to listen to anybody else.

http://budget.house.gov/About/BudgetCommitteeMembers.htm

I would suggest that now might be a good time to send a respectful, well-written letter pointing out that we now have real data showing that the massive increase in spending, which was intended to turn this economy around along the lines of the revival after WWII, has failed. Our economy is in fact responding more like the economy that led to the Great Depression. We have other precedents, namely the handling of the 1920 recession, and it is now time to try those remedies.

In short, the Repubs have a point, and we need to listen to them right now. Spending cuts are absolutely necessary, and raising tax rates will act to depress a much-needed revival and will be counter-productive.

Why You’ve Never Heard of the Great Depression of 1920 | Thomas E. Woods, Jr.

http://www.youtube.com/watch?v=czcUmnsprQI

This is nearly an hour-long speech. It’s really good, though, as well as being educational.
#19 July 23, 2011 at 1:18 pm
A_Nonny_Mouse commented:

But — our handy-dandy Free Press is busy spinning any-and-all possible negative outcomes as the result of “GOP intransigence”. Mr. Obama sticks his face in front of a microphone and talks, and lectures, and blah-de-blah’s, about wanting proposals, any proposals, anything reasonable, because he’s so desperate to “get this economy fixed”.

THEN — he rejects out-of-hand anything OTHER than his idee fixe: tax the rich and get the class-war going. WHO is intransigent? WHOSE words don’t match their actions? Which party’s political decisions are really engineering/ facilitating/ ensuring our economic failure?

But the general public, the people who read the newspapers and watch the three-letter TV broadcast networks, will never get a HINT that there’s a truth beyond the dogma they’re being spoonfed by the MFMSM (aka the Propaganda Arm of the Progressive Party).

As they say, you can’t cure stupid, but you CAN cure ignorant. The only problem is, our mainstream media are willfully and actively PERPETUATING the state of ignorance that most of American society lives in.
#20 July 23, 2011 at 1:21 pm
jb books commented:

#3
Thank you, totally correct, can be traced all the way back to Clinton and the CRA.

#6
Also agree, this recent run of pain has been necessary in order to awaken us.

#8
What can I say, I am in an agreeable mood, you are correct too. However on the bright side, after this disastrous administration, the libtards will be relegated to the wilderness of political irrelevancy for the next 30 years.

The nightmare cannot end soon enough.
#21 July 23, 2011 at 1:43 pm
Major Kong commented:

S&P, Moody’s, Fitch, same folks who gave AAA ratings to pieces of crap known as collateralized debt obligations (CDOs). A major piece of the housing collapse underwritten by James Johnson, head of Fannie Mae. Seems to me these folks surrendered all of their credibility when they chose to be shills and whores.
#22 July 23, 2011 at 2:02 pm
Major Kong commented:

Oh, and another thing…if there were any justice in this country related to the Fanny Mae debacle, Barney Frank would be in the process of serving a very long prison sentence for the role he played in the train wreck. And not in some nice Club Fed facility, either.
#23 July 23, 2011 at 4:05 pm
TexasBroker commented:

The pos in the white house is in cahoots with S&P and Moody’s and tax cheat geitner to panic the markets into a BIG downfall that he says he is trying to avoid!
How big is soros’s short on the usd? F’n HUGE!!!!
The statements by piss ant geitner and pos potus are egregiously misleading as they are screaming for increases in the debt ceiling so as “to avoid” the manufactured BS inability for us to pay our senior citizens as well as our vets and “save the country” from default. What damn default? NONE!!! Here are the facts http://goo.gl/H2llz We have the cash flow to pay our bills. In addition he refuses to even alliterate his spending priorities! Let the damn “deadline” come and go! Then let’s see what the freak wants to pay. Then let our House authorize each and EVERY check with continuing resolutions. If he wants to lay in the floor and scream like the pos brat he is, so be it! At least the countrymen and women that do not believe we are onto his crap will begin to listen to us! Maybe then the pos potus will realize he works for us and WE THE PEOPLE allowed him to be where he is and we can and will replace him!
pos potus is PROVING he is trying to crash the economy and pave the way for him and his socilaist cohorts to “fix” everyhting for us little people. He is asking for the increase, but not spending cuts. He refuses to accept cuts! His demand for increases and refusal to cut at the same time is proof he is in full stride implementing his well learned Cloward-Piven overload strategy!
This sob is a damn socialist and does not have the guts to admit it. He deceived his own party into thinking he is a democrap. Not true… SOCIALIST/MARXIST, narcissistic, jive talking, lying low rent POS!
File treason charges for TRYING to crash our economy, undermine our country and drive us into socialism. Impeach based on lies and misrepresentation and fraud!!
#25 July 23, 2011 at 4:31 pm
Popskin commented:

Since this is a GOP crowd, maybe remember the chain of events. The economy started its downward spiral during the Bush administration. Which means that it was setup by policies enacted by his administration. The first stimulus to save all the banks (who were the ones that created the mortgage bubble) was devised and put into law by Bush himself.

Its not that I don’t understand why the GOP has supporters, its just unbelievable that they have supporters who make less than $100K/yr.
#26 July 23, 2011 at 4:44 pm
MDd commented:

“The economy started its downward spiral during the Bush administration.”

Sure ’nuff. Just happened to co-incide w/ the first Pelosi-Reid spending spree. The banks? No, Bush tried to save the collapse, 17 times, that started with Clinton’s CRA, esculated by ACORN and La Raza, while Barney Frank and a legion of Dims were flying cover for Fannie and Freddie. Recall when McCain stopped campaigning to nip the disaster in the bud? While Oblunder kept on trucking and the Dims kept obstructing.
#28 July 23, 2011 at 10:34 pm
Bandini commented:

LOL Borrow & Spend cons blaming Tax & Spend Libs…

Dems & Reps – two heads on one snake… keep drinking the kool-aid America…
#29 July 24, 2011 at 3:08 am
Neo commented:

Perhaps Diogenes will find a honest man who can get over the delusions of economic schizophrenia that keep the Democrats believing that they can continue to spend at current levels merely by taxing the rich. First, the rich aren’t that rich and second, the federal government spending currently is that out of control. There isn’t an endless supply of money out there, even if they tax everybody.
The federal government has achieved the economic “Bridge Too Far” and will eminently lose all those programs that they complain about having to “give up” if they don’t come to grips with reality.
#30 July 25, 2011 at 12:33 pm
TexasBroker commented:

Mr MDd,
Maybe you need to check your facts. It was The Community Reinvestment Act (sounds a lot like America Recovery and Reinvestment Act – stimulus- doesn’t it?) …go research it….that bo and his bs community organizers protested in and around banks and bank officers homes that caused the banks to cave in and lower their lending standards to appease the protesters and barney the fag frank and others that covered up the coming catastrophe that ultimately materialized in George Bush’s time in office. Bush did not have a damn thing to do with it. Funny how bo protested for the same thing that caused the problem he is now dealing with. The joke however is on us because bo is trying to crash our system and usher in his “better” alternative..Socialism.
#31 July 25, 2011 at 12:35 pm
TexasBroker commented:

Sorry Mr MDd, the above was directed at Popskin!
#32 July 25, 2011 at 11:23 pm
Kelly McWilliams commented:

I am surprised that so many people are unaware that our mainstream media is owned by the communist party. Did you know that Randolph Hearst, the man who owned the Times and a pile of other media enterprises was a self avowed communist? That he supported Hitler?…and you act surprised when our beloved..i say that sarcastically ..media exposes its true colors and bias concerning its beliefs?…What truly amazes me is that we have allowed these people to own,operate a business that dispenses lies and libel on a regular basis and rarely if ever is sued for it. They truly are a propaganda machine for the socialist communists that Joe MCarthy tried to expose back in the 40′s and 50′s. But the real kicker is that the people that work for these media outlets are just as culpable in the destruction of this country and should be arrested for treason and lets say DEPORTED. I don’t want to pay for their jail time in this country..deport them and be done with it,and enact a law that if they attempt to reenter the country they will be summararily shot on the spot.