Thank you, Barack Obama.


Obama has generated more debt so far in his term than was accumulated from 1791 through halfway through W’s 1st Term. (Third Base)

Moody’s threatened to downgrade the US again thanks to the massive debt accumulated during the Obama years.
Yesterday the US dropped to 7th place on the Global Competitiveness Index thanks to the Obama debt and deficits.
Forex Live reported:

WASHINGTON (MNI) – The following is the text of a statement Tuesday
by rating agency Moody’s:

Budget negotiations during the 2013 Congressional legislative
session will likely determine the direction of the US government’s Aaa
rating and negative outlook, says Moody’s Investors Service in the
report “Update of the Outlook for the US Government Debt Rating.”

If those negotiations lead to specific policies that produce a
stabilization and then downward trend in the ratio of federal debt to
GDP over the medium term, the rating will likely be affirmed and the
outlook returned to stable, says Moody’s.

If those negotiations fail to produce such policies, however,
Moody’s would expect to lower the rating, probably to Aa1.

Moody’s views the maintenance of the Aaa with a negative outlook
into 2014 as unlikely. The only scenario that would likely lead to its
temporary maintenance would be if the method adopted to achieve debt
stabilization involved a large, immediate fiscal shocksuch as would
occur if the so-called “fiscal cliff” actually materializedwhich could
lead to instability. Moody’s would then need evidence that the economy
could rebound from the shock before it would consider returning to a
stable outlook.

Moody’s notes that it is difficult to predict when during 2013
Congress will conclude negotiations that result in a budget package. The
Aaa rating, with its negative outlook, is likely to be maintained until
the outcome of those negotiations becomes clear.

 

 

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  1. Republicans have got to be better at driving home that the budget that the administration is working with is the budget that the Democrats created. They also need to educate America about baseline budgeting that also balloons the Federal Debt.

  2. Fundamental Transformation: Mission Accomplished.

  3. Now is the time for all good men to buy silver and gold!!!!!

  4. Think about it. Their convention was the Dems last chance to present their BS unopposed. Now we have 2 months of more bad economic data before the election and Romney/Ryan can countermamd every Obama move.

    The fact that Romney continues to win Independents by double digits in every poll should be scarinh Team Obama.

    I predict Romney moves back into the lead by next week and never looks back. Occams Razor: Obama will lose because he is a bad President.

  5. Come on Mitt….$4 gas is back. $4 for a loaf of bread….The days of printing money to cover rubber welfare checks …..with no effect on consumer prices are OVER….THE CRISIS REAL… Stop pulling punches. OBAMA IS BANKRUPTING WESTERN CIVILIZATION. The Democrats ARE NOT NICE GUYS for ruining economic opportunities for our children.

  6. And also…….Now is the time for all good men to VOTE but don’t be buying any of that Peanut Butter ya hear? It’s racist dammit!

  7. Here is a link to an email that is going around. . .with an article on OBAMA from WSJ (Wall Street Journal)
    http://plancksconstant.org/blog1/2010/03/wsj_article_on_obamas_makebelief_life.html

    Amazing thing is this article ran Jan 2, 2010. . and only now surfacing. . .

    Please pass it on. .
    Along with p 47 of Dreams From My Father Where mommy dearest, when talking about Americans, shouts “These Are NOT MY PEOPLE”

    See 2016: Obama’s America. . .

    All of this is happening according to his plan. . .(and George Soros too)

  8. We downgraded to an affirmative action moron president, we downgrade the whole works…

  9. Israeli science website posts article that Odumvbo’s birth certificate is a forgery.

    http://www.science.co.il/Obama-Birth-Certificate.htm

  10. Now, THAT graph looks like a hockey stick.

  11. There goes the liberal line blaming Republican opposition for the credit downgrade. Now it’s because the Dems want to hit the fiscal cliff.

  12. Who cares if Moody’s downgrades us? It has no effect. Moody’s rating of the U.S. is meaningless.

  13. Germany votes Thumbs down on Obama’s out of control Spending
    http://www.cnbc.com/id/48982485

  14. You cannot get rid of a deficit like that with employment numbers like this:

    http://www.americanthinker.com/blog/2012/09/the_truth_about_the_unemployment_rate_in_2_graphs.html

    I fully agree that the revenue stream needs to increase, but I don’t see that BO’s policies to expand payments to government workers and to his friends have resulted in enough new jobs. That makes sense, because 1) the government is so much less efficient as a means of job creation than the private sector, so that depriving the private sector of funds to make hires in favor of the government is counterproductive, and 2) no reasonable investor will throw money at every plan that comes along, so long as it is cobbled together by “friends.”

  15. The downgrade is one thing. I’d be more concerned if the regime announces it is going to focus on the economy like a laser.

  16. This is exactly what the illegal Kenyan commie set out to do…this is his only success….. how on earth can the mooslum afford a 35 million dollar place in Hawaii that he will supposedly live when he gets tossed from the WHITE house

  17. ” Who cares if Moody’s downgrades us? It has no effect. Moody’s rating of the U.S. is meaningless. ”

    Even fewer people will buy freshly minted US bonds….and …Ben ” Bernie Madoff ” Bernakie will have to INCREASE FED counterfeit printing of cash to cover the annual trillion dollar deficits ….That means $6 gas within 1-2 years…$20 for a pound of ground beef….$9 for a loaf of bread….while you remain STUCK at $11 an hour flipping burgers…and your foodstamps STUCK at a few hundred dollars a months….Eventually your entire weekly food stamp hand out will barely cover the cost of one bag of rice….the shackles Obama putting around your wrist may feel weightless today, but over time his debt slavery will pinch your wrists to the bone.

  18. Here are 95 examples of Barack Obama’s lying, lawbreaking, corruption, and cronyism http://tinyurl.com/95examples



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