August 6, 2011

I know very little about financial houses and the way these kinds of things work, so I won’t comment about whether Standard and Poor’s was right, wrong, or misguided in their decision to drop the US’s AAA bond rating to AA+. What I will say is, because you simply cannot in this day and age separate the politics from the economic, this is a very big deal: no matter Barack Obama does for the rest of his presidency, he will go down in history as the President who, under his administration, saw the country’s bond rating drop for the first time in nearly a century.

It is a millstone around his neck that, no matter how much he doth protest, he owns. And he deserves it. Obama can claim that this is all Bush’s fault, but at some point the argument no longer washes, and today was that day. Enjoy it, sport, you earned it. And I believe this is what you wanted in the first place.

It’s not like The Great White Shank hasn’t been forewarning this kind of thing. I don’t care if you’re liberal or conservative, any idiot would tell you that this country simply cannot keep spending money as if all you have to is keep printing it. You can’t keep kicking the can down the road; at some point either the can falls apart or you run out of road. And today, this country ran out of road.

I have no doubt that Obama / Pelosi / Reid (largely responsible for the mess we’re in, BTW) will decry “Wall Street” and try and shoot the messenger, but the fact is, in the last presidential campaign Wall Street Supported Barack Obama far and above any support they tossed John McCain’s way. And you can bet that in the coming days they’ll use this event as an opportunity to press their point for higher taxes as a way to close the deficit. But do you really want to raise taxes in the middle of a recession (because that’s what we’re in)?

In the end, what today’s downgrade illustrates more than anything else is the utter, total, and complete lack of leadership on the part of President Barack Obama. Not only do we now know this incompetent President has no clothes, but he has no clothes because he reached his credit limit at the local Kohl’s. Barack Obama and his Treasury Secretary Tim Geithner have mismanaged this country’s financial well-being to the point where the US has seen a historic drop in its credit rating. I would say Geithner should be fired, but he’s only taking orders from a President who has, from his first days in office, sought deliberately and overtly to destroy this country’s private sector for the sole purpose of expanding the federal government far beyond anything the original Founders ever conceived possible.

The socialist Barack Obama and his policies have finally been revealed to be an utter failure. Live with it, all you “hope and change”ers.

It’s high time this country grows up and realizes just how precarious nearly eight decades of entitlement program and pork barrel spending by both Democrats and Republicans alike have brought this country’s economic situation to. They have destroyed numerous African-American communities through broken families and abortion amounting to no less than genocide, now they seek to attempt the same through ridiculous extensions of unemployment benefits to others across the land. Yep, that’s what we need, more dependency!

And the President whose radical policies and agenda have no one to blame but themselves.

Filed in: Politics & World Events by The Great White Shank at 00:10 | Comments Off on Downgrade
No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.


Search The Site

Recent Items


September 2021
April 2021
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006



4 Goodboys Only

Site Info