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 (0)
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