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Bob Schieffer To David Axelrod On Downgrade: ‘Are You Saying The President Bears No Responsibility?’

Video
» 233 comments

Don’t count on President Obama’s campaign advisor David Axelrod being eager to return to Face the Nation anytime soon. First Bob Schieffer persistently wondered why Obama should be re-elected when the economic situation is “worse” today than it was when Obama first took office. And later in the same interview, Schieffer refuses to let Axelrod blame Republicans for being the sole cause of the S&P downgrade.

After Axelrod attempted to argue that it was Republican brinkmanship and a refusal to compromise that resulted in the S&P decision, Schieffer asked in a state of a shock, “are you saying that the President bears no responsibility for this, that this was all the fault of the other side?” Axelrod, getting visibly frustrated replied:

“Listen Bob what I’m saying is review the history of what happened here . . . this is essentially a Tea Party downgrade. The Tea Party brought us to the brink of a default.”

Yet Schieffer was not impressed with Axelrod’s attempt to label it a “Tea Party Downgrade” and to switch topics to how all the potential Republican presidential candidates failed to endorse any type of debt compromise. Instead Schieffer corrected Axelrod, reminding him that actually Republican presidential candidate Jon Huntsman did publicly support a compromise.

Watch the clip from CBS below:

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  • Anonymous

    Bob Schieffer To David Axelrod On Downgrade: ‘Are You Saying The President Bears No Responsibility?’

    Axe to Bob :

    He was playing golf , Bob !
    He was on vacation !
    He was going to parties and concerts !
    It’s not like he’s in charge of anything !
    Bob! You’re on our side . What are you saying ?

    Next time , I’m going on the Al Sharpton Power Hour !

  • Milton Quaffalot

    Schieffer: “Are You Saying The President Bears No Responsibility?”
    Axelrod:  “Uh, uh, uh, uh …”
     

  • Arkansas Steve

    And if I may add:

    Axe to America :

    Blame the Tea Party.
    Blame the Republicans.
    Blame the Republican candidates.
    Blame elephants.
    Blame anybody who doesn’t think like I (we) do.

    All Americans are stupid.  If we say this enough, they can’t help but believe it, can they.
    Don’t ask me any more tough questions Bob, you’ll notice I am a pro at ignoring them.

  • http://www.youtube.com/watch?v=NLaLsNkaEq8 Unicon

    WTF stands for “Waddling Towards Failure”

  • BR

    And when all else fails………cry racism!

  • http://www.constitutionallibertarian.co.cc/ DavidKramer

    Wait a minute, the WON bears no responsibility whatsoever!

    He has been the proverbial fence sitter in all actions taken. He does not lead from the front, he leads from the rear, that way any bullets flying around take down everyone but him.

    Bush no longer there to blame, blame the Republicans, if that does not work blame the Tea Party.

    I don’t know about you leftists, I blamed Bush for many things. Bush even admitted making mistakes. I guess that is the difference between a Leader and a Community Organizer, one takes responsibility and the other……….eh!

  • Anonymous

    While most people have their morning BM in the usual way, the lunatic-left d-cRAT socialists get their dumbest members to have theirs verbally through a stupid comment to the media.

    and then the dumbest of the d-cRAT socialist media stooges – like madCOW – repeat the verbal BM over and over and over and over….

    BTW: there was no coordination between axelrod and kerry in making the identical idiotic statement about the Tea Party. The mental illness known as d-cRAT socialism affects them all equally.

  • nancillarypeloslinton

    Look, let’s make this perfectly clear. Barack Obama’s presidency is different.

    He is only to accept credit when Barack Obama does well (we are still waiting on that one Mr. President!)

    He is never and lets’s make this easy, never to accept responsibility for anything.

    Oh well, WHEN AMERICA RECEIVES ITS’ NEXT CREDIT RATING PRESIDENT BARACK OBAMA WILL BE THE FIRST PRESIDENT EVER TO BE DOWNGRADED TWICE.

    2012 – a return to America.

  • nancillarypeloslinton

    Look, let’s make this perfectly clear. Barack Obama’s presidency is different.

    He is only to accept credit when Barack Obama does well (we are still waiting on that one Mr. President!)

    He is never and lets’s make this easy, never to accept responsibility for anything.

    Oh well, WHEN AMERICA RECEIVES ITS’ NEXT CREDIT RATING PRESIDENT BARACK OBAMA WILL BE THE FIRST PRESIDENT EVER TO BE DOWNGRADED TWICE.

    2012 – a return to America.

  • Johnjguy

    When will people get over the pointless finger pointing and waving, rather the business of governing the country. 

    The S&P watched from the sidelines, waiting for a fruitful and meaningful compromise, before judgement. They watched our stuttering congress, knowing how unlikely a reasonable decision in our Congress system would be allowed. We couldn’t manage it and then they slapped us with a downgrade and scathing remarks in their report. 

    So what do we do, carry on with the finger pointing?!? Voters are going to take a very hard look in 2012 Election and even at their own parties. 

    Partisan politics shouldn’t get near being able to shut down a country, that’s just ridiculous. There’s too much at stake that’s tied in globally…if we bother to take notice…

  • Anonymous

    Obama has never been responsible for anything in his life, except for that time he shot Osama bin Ladin.

  • Anonymous

    What you won’t see on Obama’s desk:

    http://www.trumanlibrary.org/buckstop.htm

  • Anonymous

    S&P did not stay on the sidelines. They said they needed to see a minimum of $4 trillion in cuts to avoid a downgrade. http://tinyurl.com/3we336o

    Congress didn’t deliver.

  • http://www.youtube.com/watch?v=NLaLsNkaEq8 Unicon

    Obama is as pathetic as Axelrod’s comb-over  

  • Anonymous

    “The fact that we are here today to debate raising America’s debt limit
    is a sign of leadership failure. It is a sign that the U.S. Government
    can’t pay its own bills. It is a sign that we now depend on ongoing
    financial assistance from foreign countries to finance our Government’s
    reckless fiscal policies. … Increasing America’s debt weakens us
    domestically and internationally. Leadership means that ‘the buck stops
    here. Instead, Washington is shifting the burden of bad choices today
    onto the backs of our children and grandchildren. America has a debt
    problem and a failure of leadership. Americans deserve better.”

    That can’t be repeated often enough.

  • Johnjguy

    It’s a fair point. I’m aware of the cuts, but the S&P also mentioned what they saw as necessary revenues.

    It will be interesting to see if that will come from the Bush Tax cuts expiring or if there’s another Congressional fight to try and extend them.

  • Anonymous

    Axelrod was obviously wrong, Obama should have smacked down the nihilistic Tea Party from the get go and fought for progressive solutions.

    Compromise with fanatics gets you nowhere, Obama, deal with it. Welcome their hatred as FDR did.
      

  • Anonymous

    You know what would be great? If they came from a growing economy and scads of new taxpayers.

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    The president never said any such things that Axelrod claims until the very last week of the debate…  The President nor the Democrats showed any kind of leadership whatsoever throughout the process..  the president had the ground work laid out for him but both his budget commission and the so called gang of six, but he chose to remain silent until the very end only after both sides became entrenched in the positions..  HE HAS CONSISTENTLY SHOWN AN INABILITY TO LEAD! Be it the debt crisis, the Oils Spill in the Gulf, our energy policy, or this economy!  He allows others to take positions then he comes along with a speech..  He will not lay out a vision for this country and they make his argument to congress and the people of this country as to why they should follow him….  We are sick and tired of the Dems calling for more taxes…  We are a little bit smater than to just hand a simple tax increase to the government.. It is clear that there will have to be additional revenues to get us out of the mess that we are in but first Congress must address the spending issues, cut the budgets and get rid of the BS spending that is wasteful or not in the national interest, then we can sit down and reform the tax codes to strenghten our economy while at the same time address the country’s financial needs..  This business of just give us more is old and tired and not doesn’t to cut it anymore… The Tea Party is not going anywhere….  and the President and Dems in congress will have 17 more months to show us what asses they continue to be…  they are loosing the support of the press, soon their only ally will be MSNBC…  If they are smart when the Congress reconvenes in September they will sop all the name calling, maybe Harry will see his way clear to work on a budget and they can get to work on finding solutions…  The Dems are so rediculous…  how do you address spending issues without ever writing a budget….  But noooo  it is the tea party that is irresponsible…  Grow up libs..

  • Anonymous

    Blame Bush!

  • Glenn Bovine

    Let me explain it again for you gNOpigs

    Are you little gNOpigs still braying about this?
    Let me give you a little example, you gNOpigs.
    For 10 years, the “job creators” delivered jack.
    Then you have several choices:

    a) Raise the debt ceiling

    b) Get another loan

    c) Pretend you are not going to pay for it.

    d) “Cut wasteful spending” on the retirement income and medical care for older folks. It is their fault.

    e)  Tell your voter base you are “looking after them”

    You fugging idiots. There was NO other choice. You had to raise the debt ceiling. You had to get another loan.

    But guess what happens when you say you won’t pay for your new loan.  – Your credibility goes up!

    You gNOpig idiots first said you WERE NOT going to raise the debt ceiling.

    Then you go right ahead and agree to raise it, but you don’t want to pay for it. Then you act like the rest of the world is as stupid as you are.

     

  • DeVoid

    You smell that/  Obama brown bag of sheet on fire in front of the White House porch. Ding Dong.

  • SNAPTIE

    Latest Tweet from Obama: Peeps I’m chillin like a villain flying on Fund Raiser One. Don’t any of you worry about the S&P down-grade. We will find a way to blame Republicans and theTea Party. Next week we will act like we are laser focused on jobs. NBC,ABC,CBS,CNN,MSNBC,NYT,LAT,Huffpost,Wapo will have our backs. Luv ya, BO  XOXO

  • http://twitter.com/SailRabbits Magister

    Technically, S&P wanted $4 trillion in deficit reduction which was the figure everyone had been working toward, but one side didn’t want it all to come from tax increases, the other didn’t want it all in cuts and a lesser figure was the only available compromise.

  • Anonymous

    I forget.
    Who raised the national debt  4 trillion dollars  in the last two and a half years ?
    Was it the Tea party…..?

  • Anonymous

    The race card is almost dead, exept for Tommy and a few others. Now it’s the Tea Party card. For the next year and 1/2 all their talking points will be how the Tea Party has destroyed this country.
    They don’t have a thing to hang their hat’s on. If you’re in this administration imagine how hard it was to fck up this wet dream after Bush, that you might get beat in 2012.  

  • http://pulse.yahoo.com/_ECYBIXNKAG5E46BC3GCJQPA7CQ well_its_no_cannibal_holocaust

    Two different articles on the same interview? And teabaggers actually want us to believe Mediaite is a liberal site???

    Mediaite is Drudge with movies and Tommy Christopher.

  • http://pulse.yahoo.com/_ECYBIXNKAG5E46BC3GCJQPA7CQ well_its_no_cannibal_holocaust

    Two different articles on the same interview? And teabaggers actually want us to believe Mediaite is a liberal site???

    Mediaite is Drudge with movies and Tommy Christopher.

  • Glenn Bovine

    Let me see here… another school in Iraq got new paint.

    That cannot be the gNOpigs deed. NO. It cannot.

    But if a Democrat spends money on the nation’s infrastructure… that is really bad.

    Paying SS benefits to gramps – Bad idea – Cannot do that.
    Paying for granma’s medication? – Bad idea – Cannot do that.

    Looking like morons screaming “take back the country!” Yes. Let’s do that.

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Here ya go Cow Patty… Why don’t you start here with Dr. Colburn’s Back in Black plan…  Maybe Harry can find the energy to take a look at what the Gang of 6 were working on… I am sure that he can find a few more trillion floating around somewhere in Colburn’s plan..  Then Harry can begin to talk credibly about tax reforms..

    Back in Black
    Discretionary & Other Mandatory Defcit Reduction
    General Government Reforms $974.08 billion
    Congress $4.28 billion
    Executive Branch $5.40 billion
    Judiciary Branch $7.78 billion
    Department of Agriculture $346.40 billion
    Department of Commerce $26.84 billion
    Department of Defense $1.006 trillion
    Department of Education $409.10 billion
    Department of Energy $101.77 billion
    Department of Health & Human Services $106.70 billion
    Department of Homeland Security $23.29 billion
    Dept. of Housing and Urban Development $88.73 billion
    Department of the Interior $26.44 billion
    Department of Justice $34.54 billion
    Department of Labor $268.04 billion
    Department of State and Foreign Aid $192.12 billion
    Department of Transportation $192.22 billion
    Department of Treasury & GSEs $39.72 billion
    Department of Veteran A_airs $13.57 billion
    U.S. Army of Corps Engineers $5.28 billion
    Environmental Protection Agency $33.67 billion
    NASA $51.15 billion
    National Science Foundation $14.20 billion
    Small Business Administration $3.22 billion
    Other Independent Agencies $48.89 billion
    SSI & SSDI $17.17 billion
    Entitlements
    Medicare & Medicaid $2.64 trillion
    Social Security 75+ Years Solvent
    Revenue
    Reform Tax Expenditures $962.02 billion
    Other Government Revenue $30.34 billion
    Interest $1.360 trillion
    Total $9.032 trillion

  • http://twitter.com/LippyBroad lippybroad

    Right, tard.

    Because every time I log in here I get a video ad for MSNBC.

    Question: Does the stupid burn? I’d imagine it does. 

  • http://twitter.com/LippyBroad lippybroad

    He’s not even responsible for replacing the divots in his shoddy ass golf game.

    Responsible for anything pertaining to his job? Pshaw.

    Don’t ask him to accountable. That’s just…mean. Or something. Oh I forgot racist. It’s racist to make him own his actions.

  • Johnjguy

    It certainly would be, it is all about real effort trying to grow the economy. The serious push for new taxpayers from new jobs in a open market. 

    At the moment, there is a strong global impact from what happens here. Despite what appears bad, we are still considered one of the strongest and stable economies, but we’ve got heavy global competition now. Still, people the world over prefer the US Dollar as a holding investment by word. 

    Its something we have to be more conscious with, seeing as so many more overseas economies are tied in. There’s primary responsibility home, but abroad as well.

  • Anonymous

    Now they will blame it all on Obama! :D
     Yeah, the Earth is 3000 years old… — goodbye common sense!

  • Redleaf

    Schieffer has every right to ask that question.
    I can’t wait until Republicans get that kind of grilling on FNC.
    In fact, I’m going to sit by my television starting now and start waiting for it.

  • http://pulse.yahoo.com/_ECYBIXNKAG5E46BC3GCJQPA7CQ well_its_no_cannibal_holocaust

    You do know if you have the money you can buy advertising anywhere right? If I had the cash I could buy ad time on Fox News to promote my Kenyan, Muslim, Communist, Radical website, they would take my money and run the ads.

    Oh, I get it you think that Mediaite and MSNBC are in league with each other and Mediaite runs MSNBC ads because they all serve Der Fueher George Soros or something?

    You are a funny chick.

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    I would say that Wallace was a little tougher on Ryan this morning than Schieffer was on Axelrod….  If you did not catch that maybe it was because Ryan actually had something to say in response, where as Axelrod did little more than try and defend what is indefensable.

  • Anonymous

    Fact: Demarodents plan was to warm up and play ball
    with the six foot goal and wondered why they looked so bad throwing all the air
    balls on the real court with the officially height goal of eight feet! Then
    they come out and say S&P didn’t give them the proper heads up and blamed
    the republicans, Bush and Tea Party for their screw ups. Republicans for over
    eighteen months said you got to raise your shot but they said I only want to do
    it my way. Period end of fact!

  • Re-Elect Obama 2012
  • Anonymous

    The Socialist left are so fearful Ö) of the tea party as they should be!! Real Americans are sick and tired of being forced into a Socialist country. The looney left is working to destroy America as we know it.  Why do they want us to be like Europe? How’s that working? If their goal is for us to live like Europe then they should move to Europe!! Leave the REAL Americans alone. Hopefully the tea party will grow even larger!!! Hold this so called President, Congress feet to the fire!!!   

  • nancillarypeloslinton

    The Tea Party didn’t create the problem. Your political party and mine created this monster. How the hell are we going to pay for this growing threat? The Tea Party is there to tell everybody we need “Change”. Bet your familiar with “Change”!

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Just what infrastructure would that be…  the billions that they are spending on their high speed rail that will only prove to be the next big failure.  Instead of doing something that might make sense they have chosen to make a bunch of short tracks that will constantly have to be subsidized…  good luck with that..  or your Green Economy that will only serve to make a futher mess of the American economy..  What exactly are you Libs working on????  I thought that we had already paid for 100′s of thousands of shovel ready jobs!

  • Anonymous

    Fact: Tea Party has wanted a more leaner government. Not no government. They wanted less spending first then make up the rest with tax second and that fact hasn’t changed.

  • Anonymous

    Fact: Also a fair tax system to replace the IRS as it is now too!

  • Re-Elect Obama 2012

    Then the tea party shouldn’t have any problem holding on to those Republican seats in Wisconsin on Tuesday.

  • http://twitter.com/BarneyFranken Barney Frankenstein

    I can’t help but notice there are zero comments in defense of Axelrod here.

    The libs have cut and run!

  • Glenn Bovine

    Here gNOpig clown:

    1) Spend money educating the USA children

    2) Spend money painting schools in Iraq

    Go ahead. Make your choice.

  • http://twitter.com/RonCdeWeijze Ron C. de Weijze
  • Jp7077

    You don’t have to wait……it’s right on Mediate for you……watch the clip of Chris Wallace and Paul Ryan  from Fox News Sunday.
     MSNBC grilling Democrats…..now that’s another story …..And Massa, Weiner  and Wu don’t count.

    BTW…. I almost fell out of my chair watching Scheiffer this morning….was expecting more snowballs.

    things are REALLY looking bad for Obama.

  • Anonymous

    Fact: Oh great just raise the debt limit and screw what the ratings folks have said that would have worked wonders. Wake up moron and read and listen to what is being said!

  • http://www.constitutionallibertarian.co.cc/ DavidKramer

    That is what they are good at. If they cannot throw bombs at people, they have no argument. What are they going to do? Suggest Bush is really in office and not Obama? Kinda funny thought there.

  • Anonymous

    Fact: He didn’t hear Change he herd Charge! WhoooHoooo…..

  • Anonymous

    Fact: Hey Canada can you co-sign for my loan!!!!!!!!!!!!

  • Anonymous

    “Tea Party Downgrade” – that was the DNC talking point of the day; just click around and see how often it was used.  NBC used it a lot….

    So funny to watch these big babbies point the finger of blame to everyone except themselves.

    This is the Obama down grade and no DNC/Team Obama talking point will change that – ever!

    This is his economy, he blew it.  no plan, no leadership, just fail and flail.

    The Obama downgrade and John Kerry, Axelrod and the rest of the talking heads are going to eat the “tea party downgrade” words time and time a gain. 

    Suck it up.

    Obama downgrade.

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Just how much should we be spending?

    According to the Organization for Economic Cooperation and Development, the United States spends $10,821 per student on secondary education. 

    That seems to be a substancial chunck of change…  To bad that we aren’t getting our monies worth!

  • Anonymous

    Fact: Hey moron you rodents think that the US has a way to do the Trump thing and roll over and play bankrupt after you max out the credit cards and take some suckers for loans then walk isn’t going to work!

  • Anonymous

    Fact:

        Social Security 75+ Years SolventRevenue        

    Something is missing here?

  • Anonymous

    Sorry but the S&P actually even blames Republicans, if you stupid ****s did any research, you might know that. 

    Thanks for the Tea Party Default you idiots.

  • Anonymous

    Sorry but your side was wrong, you should just admit it instead of making these insane excuses. 

  • Anonymous

    The S&P blamed Republicans and Tea Party idiots for the downgrade, not Democrats, go read, lol.

  • Anonymous

    Fact: Next time terrorist attack let’s send a few
    cruse missiles into some tents in the desert somewhere in Afghanistan like
    Clinton did! Million dollars in missiles destroyed thirty dollar empty tents. Priceless!2012
    the start of redemption.

  • Anonymous

    Fact: Pump more money on teachers who have been faking kids grades and hiding behind unions. Good idea but it might work one of the next few tries.

  • http://www.constitutionallibertarian.co.cc/ DavidKramer

    WAIT A MINUTE!

    I though you lefties were saying that the S&P was not a legitimate source for the US credit rating? Since they messed up the economic debacle created by the government.

    Now you are going to say they are a good source?

    SS, would you use one storyline and stick with it please. Your New Speak is getting us all confused. Thanks.

  • The_Reasonable_Lib

    Wait a minute S&P clearly blamed it on Republican “intransigence” and inability to reach a cohesive solution that included tax hikes as well as their willingness to turn the situation into a game of “political football”, these are THE CREDIT AGENCY’S WORDS, but this is somehow President Obama’s fault? Remind me to get the number for your weed guy.

  • Anonymous

    Fact:Teabaggers means the insertion of one
    man’s sack into another person’s mouth. Used a practical joke or prank, when
    performed on someone who is asleep, or as a sexual act this is an act of a
    democrat. That fact are made up of liberals.

  • Anonymous

    Fact: Thank you for the childrens view since you do have the kids pulse on the topics.

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    I think that what Colburn is referring to there is adjustments made to the Social Security System that would allow it to continue to pay for itself for the next 75years.  Last year the fund had to be subsidized by the General Fund as expenditures exceeded revenues coming into the fund..  If economic conditions do not improve we can expect more of the same during this downturn..  In the next 10 years the gap in revenues vs expenditures is projected to reach 1.2 % of GDP according to the CBO.  Since there are no real securities backing up the trust fund these monies will have to come from either new revenue sources or from the general fund… Even if the securities were real they will be consumed by the year 2036 by CBO estimates.   When Colburn lists “Social Security 75+ Years Solvent Revenue” I can only assume that he is talking about a plan to address those issues.

  • The_Reasonable_Lib

    Gotta love the mention of jobs in their…oh wait

  • Anonymous

    Fact: Huh?

  • Anonymous

    Us “lefties” don’t all have the same views, I don’t even know what you’re talking about with this S&P stuff.

    And it looks like it’s your ignorant views that helped cause the downgrade. Were you one of the idiots cheering for the default recently, lol. Nice!

  • Anonymous

    Fact: Demarodents just can’t say no to spending money. If all republicans get back on top a second time do they start with a new term or just finish the first one?

  • Anonymous

    Fact: Lack of entitlement cuts is what S&P said
    was top priority then it said that the fighting put it over the top too
    downgrade’ Idiot victim!

  • http://www.constitutionallibertarian.co.cc/ DavidKramer

    What DEFAULT was that SS? You mean the one Obama threatened to do? You know, not paying grandma?

    Please, show me the default that happened. Come on, I offered to bet any of you leftists weeks ago that everyone would get their money. Even though it will be hugely deflated by quantitative easing.

    By the way, how are your stocks doing? Your 401k?

    Well, I will be waiting for your response on your investments and portfolio. I am sure you have one with your vast knowledge of economic matters.

    What do you think will be the reaction of the bond market in the next few weeks? Do you think anyone will buy any besides intermediaries of the Federal Reserve? You do know what Quantitative Easing means right?

    Now go get me a drink, these pretzels are making me thirsty.

  • The_Reasonable_Lib

    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.Can’t be repeated often enough

  • Anonymous

    Wait a minute S&P clearly blamed it on Republican “intransigence”

    Nice lie. Got more?

    * The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.

    .Our lowering of the rating was prompted by our view on the rising public debt burden and our perception of greater policymaking uncertainty, consistent with our criteria (see “Sovereign Government Rating Methodology and Assumptions,” June 30, 2011, especially Paragraphs 36-41).

    And more Dems in the House voted against the bill, than did Republicans!

  • Anonymous

    Fact: I just put on my demarodent thinking cap but all I got was smoke out the A$$!

  • The_Reasonable_Lib

    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.Anything else, sir?

  • The_Reasonable_Lib

    also please do not forget that S&P admitted in writing to an error of $2 trillion on their part (hey, didn’t the white house say they were off by that number?) but also said that this did NOT affect their decision. It is the political climate which they view as becoming unstable and inable to reach any real compromise and act in the best interests of the country.

  • The_Reasonable_Lib

    Please see above, troll ass.

  • Re-Elect Obama 2012

    Then you agree that elections are a referendum on the tea party.  

  • http://pulse.yahoo.com/_ECYBIXNKAG5E46BC3GCJQPA7CQ well_its_no_cannibal_holocaust

    You would know.

  • http://pulse.yahoo.com/_ECYBIXNKAG5E46BC3GCJQPA7CQ well_its_no_cannibal_holocaust

    You would know.

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Without WWII FDR’s programs would have gone nowhere it was the build up towards the war effort that occurred long before Pearl Harbor that turned the economy.  Furthermore without the destruction of the economies of Europe and Japan our own economy would not have grown as it did after the end of the war…  Maybe Obama can start WWIII and if he does maybe he can keep it from our shores, somehow I think that to be a horrible plan, but it seems that you guys are fond of recalling the strategies of FDR and the recovery out the Depression, just don’t fool yourselves into believing that it was the Keynesian economics that got us out.

  • http://pulse.yahoo.com/_ECYBIXNKAG5E46BC3GCJQPA7CQ well_its_no_cannibal_holocaust

    Childrens view? You are on the Conservatives 4 Palin website, you are obviously an expert on infantile thinking.

  • http://www.constitutionallibertarian.co.cc/ DavidKramer

    Let us not forget Debbie Wasserman Schultz!!!!!!

    This is OUR ECONOMY!

    THEN, out comes the fingers, blame, blame, blame, blame.

    Sorry, I thought everything was Faerie dust and Rainbows in the economy. Come on lefties, you have been telling me all along this was not a depression. You do not refute my facts and thesis, nope. You say well Krugman is smarter than you or whatever idiotic response you can come up with.

    Everything will be fine, do not do anything, the gubmint is here to help.

  • Anonymous

    funny, these “tea party idiots” keep kicking your ass. makes you some kinda retard….

  • Anonymous

    No, they didn’t create the Reagan/Bush/Bush deficits, or Obama’s too little too late efforts to rectify them. Neither were they doing anything but cheer leading Bush II when he eviscerated the budget with irresponsible, discredited trickle down tax policies, putting two wars on the credit card, or pandering to the Republican’s last demographic of old people by passing Medicare Part D, which by design served the triple goal of electoral success while bankrupting the treasury and enriching Wall Street, so blame for the mess could be subsequently be assigned to a Democrat – mission accomplished.

    Funny how “The Tea Party” (80% self-identified as Republican who voted 92% Republican in the last election) followed the mantra of the 93′ Republican Party is assigning Clinton the blame for twelve years of irresponsible trickle down tax policies. I see a pattern here.
         

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    An  old country song comes to mind…. Stand by your man…  except in this case he has not shown that he is a man.

  • Guest

    Is this the same Democratic Party (Nancy Pelosi) that said we must pass the health care bill to find out what’s in it?!  

  • Anonymous

    its fitting that you signed your post “troll ass”

  • Anonymous

    can we get an american version of “the kings speech” starring this axelrod person? maybe skyfet could play the speech therapist…

  • Anonymous

    “Without WWII FDR’s programs would have gone nowhere it was the build up
    towards the war effort that occurred long before Pearl Harbor that
    turned the economy. ”

    Exactly, Keynesian economics in action, what’s your question? By the way, neoeconomic “supply side” economics is merely Keynes dressed up for the rich and powerful, and surprise, surprise, nothing trickles down.

  • Anonymous

    Depends on your definition of kicking ass.. seems the Tea Party wins when the American economy hurts, that’s sort of in line with a terrorist organization, right? 

  • http://pulse.yahoo.com/_L7YJUGTTGXE3YNARVYEUH6UAHU TimC

    Actually it’s the “Obama downgrade” – it wasn’t the Tea Party who spent $trillions and $trillions and ran up more debt than all the other Presidents combined before him…and whether it’s on purpose or because he’s a bumbling incompetent fool, the end result is still the same – the ruin of our economy and our Country.

  • Anonymous

    writing d-cRAT sort of ruins the flow of everything

  • Anonymous

    terrorist for those of you that fail at life…

    they smell your fear maggot.

  • Anonymous

    Obama was heard to say: “Let them eat cake”!!!!

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    I am sure that the congresses under Bush, and Bush, and Reagan, also for that matter Clinton played no role whatsoever in the budgets..  I mean since spending and borrowing originates in the Congress, but don’t bother your pretty little head with having an honest argument…  Just not the Lib style. 

  • The_Reasonable_Lib

    You must be a Tea Partier. That or just a sad byproduct of our cultural adversity to intelligence. Or maybe just another notsosmart alt.

  • dollarbill

    No, you idiot the Republicans were calling for not raising the debt limit. We have the money to pay the interest on the debt so default was never an issue. I’ll repeat that for the Democrats among us, default was never an issue. Stopping the insane spending was the issue. The Tea Pary were the heroes, God Bless them.

  • Anonymous

    Even a leftist tool like schieffer is choking on the axelrod bs.

  • The_Reasonable_Lib

    Love of Obama? So because I take the time to actually learn what’s going on and read statements to make my own informed decisions while keeping a realistic perspective towards  things that automatically means I stand by President Obama no matter what? Do trolls even try anymore?

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Hey dollarbill, your looking kinda small there, your not shrinking are you???  Better tell the Fed to knock it off!

  • Anonymous

    Did Jon Huntsman support the Boehner Plan that passed  in the GOP Congress?  It did represent a balance approach.  

  • Anonymous

    Define socialism?

  • The_Reasonable_Lib

    Hey John McCain voted against making Dr. King’s birthday a holiday. He must’ve hated black people then which means he must today.

  • ImNotBlue

    I agree.

    But then again, I think the same when the left-wing posters do similar things… so………

  • Anonymous

    We need to get out of this economic funk, and then we need the government to stop trying to be everything to everybody. America has always been better than this. We’re Americans, goddamnit. We were not born to suckle the breast beyond our infancy. It’s another Time For Choosing.

    We have at least one guy in DC who gets that.  http://tinyurl.com/3zl25jy

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Yup that’s what I’m sayin…  get used to it, the so called “Tea Party Downgrade” is little more than a liberal effort of disassociation..  What are you going to say when S&P issues the next downgrade as they mentioned they might earlier today???  and just what work can you actually point to that the Dems did to avoid this situation?  Nada, nothing…  They sat outside of the efforts and threw darts at other people’s work…  Have you ever attended planning sessions where a nuclius of serious people do the hard work and a few assholes throw darts at them from the outside while bringing nothing to the table… Dart throwing Dems in action…  Easy to critize but as the Dems show us time and time again, they have a real problem doing the work…  hell they don’t even read their own bills or pass budgets…  Your avatar name alone tells me he is your man, so don’t try to play independent.

  • http://twitter.com/BarneyFranken Barney Frankenstein

    Has there been a liberal comment on Mediaite in the past 24 hours that HASN”T included mention of the S&P?

    Funny, on Thursday the only thing liberals knew about the S&P was they had something to do with greedy Wall Street fat cats.

    Now, libs can’t get enough of them !

    Chant it all with me together now: S&P! S&P! S&P! S&P! S&P!

    Its striking how almost giddy they are that the S&P!! downgraded us and mentioned Republicans by name as the reason.

    This is the ultimate two pronged liberal wet dream come true- “You mean, our free market economy has been damaged AND we can blame the Republicans?”

    YIPPEE!!!

  • Anonymous

     Excellent video President Obama earlier in his term making promises spliced in with reality. It’s funny but sad. http://www.youtube.com/watch?v=y_sF2vWJFUc

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    The New Deal and all the associated spending did nothing to end the Depression, it was more akin to a group of social programs that were not building an economy…  the War effort however fortified and built industry, not really the same Keynesian economics preached by Obama and Krugmann today.. As I said, had we not been the only man left standing after the war, the recovery would not have seen the growth that enabled us to retire our debt and become as propersous as we became..  I said nothing about supply side economics, nor do I think that it makes sense to not reform our tax codes to make them fair, create a warmer business climate while returning more in revenue to the government…  But I and many like me oppose doing so until the government cleans up its spending nightmare. 

  • Anonymous

    So, Congress failed? Yup.

  • Anonymous

    Have I ever told you that you’re utterly full of shit? If not, I have now.

  • http://games-survival.com Justplaythegame

    I must have been watching another debt crisis? The Tea Party warned about reeling in spending, the lending institutes warned we needed to make DEEP cuts, china and other nations warned and said cut deep. Democrats just totally ignored..Old Guard truely helped Democrats ignore.. Yet it’s the Tea Party fault? What you guys that daft? denial is one of the main signs of addiction.. seek help on the spending addictions.. We need the downgrade.. now maybe they will do work and FIX what they have.

  • Gsaundersretired

    Actually, if you had read the article, you would see that it provided a reasonable balance of blame between those who do not want more taxes and those who do not want to cut expenditures.  The pubbies are not “blamed”, and S+P took no position as to what balance should be between revenue enhancements and expenditure cuts.  You may want to rethink your position

  • Gsaundersretired

    see the earlier comment suggesting you should read the actual S+P article before making such incorrect statements.

  • Anonymous

    I’m quite happy to see Leftist hacks (politicians and breast-feeding media types alike) point the finger elsewhere; it’s clear that (A) it doesn’t work and (B) voters are angry at the ‘Not ME!!!’ posture of Obamo and those who surround him.

    For his part, Schieffer wants to ‘suddenly’ come across as ‘objective’ because he knows (like we all do) that the media’s neck is around the same noose that is tightening around Obamo, and Schieffer wants to slink out of this noose any way possible.

  • Anonymous

    Bringing  on one of King Obama’s campaign team . 
    What’s the point ?

    You expect truth ?

    They can’t handle the truth .

  • Anonymous

    Of course they played a role, the Republican Congress and the Republican Senate gave Bush II everything he wanted from 2000-2006, which is how he blew through 5.7 trillion in debt and handed Obama a 1.3 trillion dollar deficit in 2009 (yes, 2009 was Bush’s budget).

    No Republicans in either house voted for Clinton’s 1993 Budget Reconciliation Act, so they get zero credit for the relative prosperity of the nineties.

    And for all the false narratives about the spendthrift Democratic congress under Reagan, they never approved as much spending as he requested. but don’t let any of that worry your pretty little head.

    The fact is Republicans have never lived up to their wholly fabricated reputation as fiscal conservatives, while every Democratic administration since WWII has reduced the national debt, and Republicans continually run it up, Reagan tripled it and Bush II doubled it.

     

  • Anonymous

    Of course they played a role, the Republican Congress and the Republican Senate gave Bush II everything he wanted from 2000-2006, which is how he blew through 5.7 trillion in debt and handed Obama a 1.3 trillion dollar deficit in 2009 (yes, 2009 was Bush’s budget).

    No Republicans in either house voted for Clinton’s 1993 Budget Reconciliation Act, so they get zero credit for the relative prosperity of the nineties.

    And for all the false narratives about the spendthrift Democratic congress under Reagan, they never approved as much spending as he requested. but don’t let any of that worry your pretty little head.

    The fact is Republicans have never lived up to their wholly fabricated reputation as fiscal conservatives, while every Democratic administration since WWII has reduced the national debt, and Republicans continually run it up, Reagan tripled it and Bush II doubled it.

     

  • Anonymous

    66% of all corporations in any given year pay zero taxes, corporate income taxes have fallen from 36% of all federal taxes in the fifties to 6% today. Exxon-Mobil got a 153 million refund on 18 billion in net profits.

    How warm do you guys want it? Only 2% of small businesses in any tax year make over $ 250,000 and yet we hear this mantra of how badly it will affect small business and their hiring if we meekly ask Exxon too pay their fair share for the privilege of extracting taxpayer assets from the ground.

    Tax fairness and simplicity is something we can all advocate for, even those under the mistaken impression this is a high tax country.

     

  • http://pulse.yahoo.com/_ECYBIXNKAG5E46BC3GCJQPA7CQ well_its_no_cannibal_holocaust

    ╔══════════════ ೋღ☃ღೋ ══════════════╗~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ Repost this if ~ ~ ~ ~ ~ ~ ~ ~ ~~ ~ ~ ~ ~ ~ you are a beautiful strong black woman ~ ~ ~
    ~ ~ ~ ~ ~ ~ ~ ~ ~ who don’t need no man ~ ~ ~ ~ ~ ~ ~╚══════════════ ೋღ☃ღೋ ══════════════╝

  • http://twitter.com/SailRabbits Magister

    Congress did not pass a bill that contained $4 trillion in deficit reduction.

  • Anonymous

    Axelrod’s response to ‘His Boy’ getting destroyed: “But…but…but…He killed Osama with his BARE HANDS!!!”

  • Anonymous

    Obama has no plan. America is less than leaderless, we have a fool as POTUS. Obama’s downgrade is one for the history books.

    1 Term Obama blew up the economy and sank the once great America into financial ruin.

  • goelectronstore

    yes

  • goelectronstore

    ========== w w w (goelectronstore) c o m =======

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    Iphone 4: $260

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    D ell Alienware M15x: $500

    MacBook Pro ( MC024 LL/A )17-inch 2.66GHz Intel Core i7: $510 

    MacBook Pro ( MC373 LL/A )15.4-inch 2.66GHz Intel Core i7: $485

    BlackBerry Pearl 3G 9105: $350

    Nikon F 6 – SLR camera – 35mm: $685

    Nikon D3000 (with 18mm-55mm and 55mm-200mm lens): $315

    Nikon D3X : $985

    Canon EOS 5D Mark: $565 

    Playstation 3 PS3 Metal Gear Solid 4 80GB Bund: $220

    Free shipping , P A Y P A L accepted! Fast and door to door delivery!  If necessary, please
     
    ========== w w w (goelectronstore)  c o m =======

  • The_Reasonable_Lib

    I’m just quoting directly from S&P’s report. Not my fault you don’t like the truth. Personally I love seeing irrational trolls riled up in the face of reality. So as you sit there at your computer seething with rage just remember; facts have a liberal bias.

    Actual proof to support my words (S&P official report): http://www.ft.com/cms/af2c4fac-bfc2-11e0-90d5-00144feabdc0.pdf

  • Republicans are Liars

    What is the truth wise guy? That the Teatards have destroyed the economy? Of course they have. Does reality have to smack you in the face for you to understand basic economics. Here is what’s happening… Obama came into office and was able to give the country a good kick start for recovery. Of course he had to go half ass on his program because the Republican obstructionists were filibustering every move he made but what he was able to accomplish move us forward towards a recovery. Now that the Republicans have taken over the house and the TeaTards are jumping up and down about the national debt the country is turning around and spiraling down. this is not because of Obama. It is directly on the shoulders of the Republican party and their demagogues – the TeaTurds. Two year of Obama policy we stopped losing jobs, we gained private sector jobs, the stock market came back strong, corporate profits were up, etc etc. Now 8 months in to the year of the TeaIdiots and here w go again. back down the toilet. So America, you reap what you sow. You send lame brains to Washington like West and the rest of Tea Morons and you are going to get the great depression in return. Charles, you are as silly as a goose. Your economics took the Dow down 10% in the last few weeks and then caused the credit rating of the country to be downgraded. Here is the EXACT QUOTE from the S&P report; Compared with previous projections, our revised base case scenario nowassumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. 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.TeaImbecils. Keep up the good work and Eddie you should stop showing off your ignorance in public! Compared with previous projections, our revised base case scenario nowassumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. 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.TeaImbecils. Keep up the good work and Eddie you should stop showing off your ignorance in public!

  • Republicans are Liars

    Compared with previous projections, our revised base case scenario nowassumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. 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. just repeat this until you have it memorized Bozo. Tis is the Teaturds fault, plain and simple.

  • Republicans are Liars

    Yes you were watching the wrong debt crisis. You were watching the one on FOX news. They have been lying to you all along. from the S&P report: Compared with previous projections, our revised base case scenario nowassumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. 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.

  • Republicans are Liars

    Are you embarrased to be associated with the tea party? The Republican Party and its Tea Party wing are going to destroy the American economic system as we know it. These Tea Party people are exactly the same kind of demographic that was drawn to National Socialism. (Please for those with weak intellects don’t get wound up over the term socialism. In this case it has nothing to do with left leanings.) Tea Party followers are economically disenfranchised. They are individuals trying to find some group or organization they can be a apart of which they feel gives them some type of power and dignity. The Tea Party people are easily manipulated by their leaders for the leaders speak to them in glittering generalities they can easily grasp. Except for the leadership, the rank and file of the Tea Party lack advanced educations and are more than likely to be students who ranked in the middle to lower part of their academic classes. Tea Party people are more than likely more religious than most. Again they find comfort in ideology that excuses how their life is in reality with a promise of a better life to come. All-in-all these misinformed individuals will listen to their leaders, who are truly master manipulators for big business. These leaders will shape a message that resonates supremacy of white, anglo-saxon protestants which resonates with the rank and file Tea Party person. However, it is truly a message which allows the corporate oligarchy to cling to its power.

  • http://pulse.yahoo.com/_7LLK3PTCWVERWLP5SI5XVXH354 Aeeasd Aeea

    very good web—-wwwhappyshopping100com

  • Republicans are Liars

    Yes Dumb dumb, the economy was moving in the right tract until the Teaturds took over the house. The country was so screwed up over your last idiot president do you think it can be changed in 2 years? WTF up.

  • Republicans are Liars

    Yes Dumb dumb, the economy was moving in the right tract until the Teaturds took over the house. The country was so screwed up over your last idiot president do you think it can be changed in 2 years? WTF up.

  • Anonymous

    You have to have closed the MSNBC add thousands
    of times but claim Mediaite is a right wing site….grats on being the biggest idiot
    here. However I did see today that CNN reported Obama as a solid conservative…

    Obama’s has caused the most predictable
    downgrade in the history of man. Obama has blown up the economy, we can’t afford
    to wait till the end of his 1 term. Get him out now.

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    I am not defending the tax code that allows 66% of corporations not paying any taxes, if fact I would support a system that if we are going to have corporate taxes that all corporations which are profitable pay taxes…  I am for completely throwing out the 70 some odd thousand pages of corrupted tax codes that have been bought and paid for by special interest and come back with something much flatter, without the complexity of the current code, so simple in fact that it would not be open to the pressure of special interests…  I much perfer flat taxes for personal income with the only deductions being personal deductions set at levels that pretect the poor families in this country.  That way the millionaires and billionaires your side complains about can not find ways to avoid taxes…  So please don’t think that the right does not recognize the impact of the wars and medical spending in the face of lower taxes..  but just simply throwing money into a broken system without first requiring the government first address the corruption, waste and favor that we would never tolerate in our own workplaces is not something that I or people like me will support.  There are 536 people in DC that control the fate of this nation, they and those who came before them have made a mess out of things, it is their responsibility to clean it up…  They asked for the job, they somehow feel that we should not have expectations of holding them accountable…  I am sorry there is a firestorm out in the country that is saying put our house in order before you ask for more in taxes. Rather than concentrate on their responsibilities they  instead are busy trying to run more and more the personal aspects of all of our lives while neglecting their fiscal responsibilities to the nation.

  • Republicans are Liars

    here’s the criteria idiot… from the report: Compared with previous projections, our revised base case scenario nowassumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. 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.

  • Anonymous

    My goodness, you live in some dream land don’t you now?  How’s the view from your tower?  Cloudy with a chance of b.s.?

  • Anonymous

    well 95 democrats felt the same way – are they all nuts too?  lol  

  • Anonymous

     An excellent funny video on this subject. It is President Obama trying to place blame on everyone but himself. http://www.youtube.com/watch?v=jKaBnjzUlfw

  • Anonymous

    that was just sad.  Every time I hear the laugh about shovel ready I feel badly.  To treat it like a joke?  A very expensive joke.  To laugh about it?  Beyond pathetic.  

  • Anonymous

    I sure didn’t get change, and for that matter didn’t expect it from either of the corporate sell out Democratic candidates, although Hillary would have been a much stronger negotiator IMHO.

    Until the topic in this country turns to getting all money out of politics with a constitutional amendment overturning Buckley and Citizens, we’ll never get reform and will always be arrayed against each other by the manipulative divide and conquer strategy of the powers that be.

    No one disputes the valid points made by the Tea Party, we just wish they had the blame and solutions correct so we could work together to solve our problems instead of advocating policies that would make things much worse like they do now.
      

  • Anonymous

    It’s broken now – now lets someone can fix it – at the moment the democrats are coming up empty.  Hopefully the republicans have something that will stop the bleeding before it’s a full blown haemorrhage.

  • Anonymous

    tract=piece of land
    track- what the economy came off.

  • Anonymous

    watch the tape – he said he owned it,  He said it was the biggest economic recovery plan in the history of the world.  What happened?  

  • Chucker

    Anyone who votes for ANY incumbent in the next cycle has NO standing to complain. Boehner, Pelosi, Reid, ALL OF THEM MUST BE VOTED OUT in the primaries! All of the passion (and lunacy) on these boards can agree on that point; NO INCUMBENTS IN 2012!

  • Anonymous

    I’d quit with the name calling.   You are in absolutely no position to call anyone anything.  Remember, you’re the guy with egg all over your face and it looks very foolish for you to be blaming anyone else.

    Time to get some warm water – wash it off and put one foot in front of the other and go to plan B.  Plan A is beyond redemption.  Money’s all gone and we have nothing to show for it.  

    p.s. the tea party was not in favour of plan A.  Perhaps they weren’t as stupid as you hoped they would be.  Not even one little pinky can be pointed at them – they had absolutely nothing to do with it.

    Now – grow up and just be thankful that we are a bit more level headed than you.  All you got is smear and slime and trash talk.  Sort of indicates that you’re backed into a corner and the paints not dry so you have to stay there for a bit.  Want a cookie while you wait?  I’ll throw you one.

  • Chucker

    Blame all incumbents equally and vote them out in the 2012 primaries!

  • Anonymous

    reasonable is so far from reasonable, even his avatar he can’t get right.  He takes the time to actually learn but have no idea what the hell blogs he’s reading.  Either that or he has the worst case of dyslexia known to mankind.  The words change in front of his very eyes!  

    Do you think he’s beyond help?  Maybe some tutoring.  Maybe a month under Krugman will send him right over the narrow ledge he’s trying to balance on. 

  • Anonymous

    depends on how many illegal buses come rolling in.  I would venture to guess that every creepy dude from here to nowhere will suddenly be a citizen of that great state.  

  • Anonymous

    watch the tape – he clearly states that “he owns this economy”.  You sold it out from under him?  Damn!

  • Anonymous

    It’s always someone else’s fault.  Barry is never to blame.  I do recall seeing this somewhere else before. 

    I can’t wait for Barry to bring up the strawberries. 

    http://www.youtube.com/watch?v=ZlV3oQ3pLA0&feature=related

  • http://games-survival.com Justplaythegame

    Umm ya sure you understood the report?

    I read it as they didn’t cut enough and get the debt under control..
    it also looks like they are looking for hope after the 2012 elections change..
    hmmm

    Full reading here: http://www.standardandpoors.com/ratings/articles/en/us/?assetID=1245316529563

    clips are nice:

    Our opinion is that elected officials remain wary of tackling the structural issues required to effectively address the rising U.S. public debt burden in a manner consistent with a ‘AAA’ rating and with ‘AAA’ rated sovereign peers (see Sovereign Government Rating Methodology and Assumptions,” June 30, 2011, especially Paragraphs 36-41). In our view, the difficulty in framing a consensus on fiscal policy weakens the government’s ability to manage public finances and diverts attention from the debate over how to achieve more balanced and dynamic economic growth in an era of fiscal stringency and private-sector deleveraging (ibid). A new political consensus might (or might not) emerge after the 2012 elections, but we believe that by then, the government debt burden will likely be higher, the needed medium-term fiscal adjustment potentially greater, and the inflection point on the U.S. population’s demographics and other age-related spending drivers closer at hand (see “Global Aging 2011: In The U.S., Going Gray Will Likely Cost Even More Green, Now,” June 21, 2011).     Standard & Poor’s takes no position on the mix of spending and revenue measures that Congress and the Administration might conclude is appropriate for putting the U.S.’s finances on a sustainable footing.

  • Anonymous

    OK, I’ll bite. I’ll defend Axelrod by pointing out that he is paid to defend Obama despite facts and reality. It’s his job to deflect any negatives that might stick to Obama.

  • Anonymous

    The loony Left … They are good at a few things…blame everyone else and take no responsibility… if that fails call all who disagrees with them racists…then if that fails they cry, yell and scream everyone is stupid and uneducated except for all the people who agree with them.

  • Anonymous

    Clinton doesn’t get credit for the prosperity of the nineties because it was the Tech bubble driven by the craziness of Y2K.  Clinton’s economy went poof in 2000 right into a recession toilet when 1/1/2000 happened and the world run by computers did not go Armageddon.

  • Anonymous

    From the comment above by Maitaisoo, not even close.

    While some trends were in place, in all fairness, it was the irresponsible tax policies, that as soon as it became apparent we were going back to failed trickle down Reagan era voodoo economics the markets tanked – and the recession started in March, 2001.

  • unmutual

    Is Obama not going to address the public before the markets are open and try and calm everyone down?

  • Anonymous

    So while the Tea Party was single handedly taking the nation down, how do you explain the $9.5 BILLION (passed in one month!) in regulations aimed to stifle job growth and continue to cripple the nation? With regulations like these, who needs the Tea Party when we have Obama Czars steadfastly working behind the scenes to continue to screw America.

  • Anonymous

    snowspot’s not an idiot, just presentinig factual information.  S&P blames the GOP for the downgrade.  The Tea Party are not heroes.  They are misguided well meaning people who are doing VERY BAD THINGS and making things worse.  We don’t mind that you have a differing opinion, just own up to what you are responsible for.

  • Lanceolson22

    Inrastucture!!!! Oh you mean like BO’s Union Thugs and Bailing out everyone in Wallstreet that funded his campaign. The only money they spent on anything was a huge Democrat SLUSH FUND!!!! Wake up Morons!!!

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    You are distorting history a little bit, but I can agree with some of what you say..  Reagan was not the spend thrift that you make him out to be… in fact as I recall he felt betrayed by congress when he raised taxes and congress reneged on the spending cuts that were apart of the deal in his effort to curb the deficit spending..  even so the deficit grew greater under Regan than it did under Carter or Clinton.  Bush the junior was foolish not to call for tax reform that would have raised tax revenues as he was fighting two wars and pushing social programs that were adding to the deficits..  this is still a problem today..  but, none the less, I can honestly say that I have never seen the total lack of respect or fiduciary responsibility to the tax payer as I have seen in the last 2 1/2 years…  Not only that but the unabashed efforts to push agenda through agency and regulation that the president could not even get to pass through his democratic congress before the 2010 elections. 

    If you put out a reasonable message maybe the Tea Party types would listen, and things could calm down enough for people to have conversations, but that has not been what your side has done.  I ask you to listen to the Debbie Wasserman Schultzes, to the Pelosi’s to the Jackson Lee’s and Schulmers…  theirs are really crappy little messages that would not lead anyone dissatisfied with the direction of the last two years to trust this government with another nickel of their money or have faith in the future. 

  • Michelle

    The left-wing activist group MoveOn.org picked up the new liberal
    slogan bashing conservatives for Standard & Poor’s U.S. credit
    rating downgrade: “Tea Party downgrade.” President Obama’s chief
    campaign strategist David Axelrod and Massachusetts Democratic Sen. John
    Kerry both used the phrase on Sunday talk shows.In a Sunday
    afternoon email to supporters, MoveOn.org accused tea partiers of being
    responsible for the first-ever credit downgrade in U.S. history. “This
    ‘tea party downgrade’ is a shameful blow to our nation’s honor and risks
    throwing us right back into recession,” Moveon.org wrote. “Worst of
    all? It was completely avoidable. But when given the choice between
    extremist posturing and responsible leadership, tea party Republicans
    chose wrong.”
    MoveOn.org added that “now, amazingly, they’re trying to pin the blame on Democrats.”

    Nice try Soros, but it ain’t gonna fly.

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Uh…  If Obama came onto your TV and talked about the economy….  Would it calm you down?

  • Jerry Baustian

    Snowspot, you pointed to an op-ed article, but the SF blogger who wrote that op-ed got it wrong.

    What the S&P actually said was “Standard & Poor’s takes no position on the mix of spending and revenue measures that Congress and the Administration might conclude is appropriate for putting the U.S.’s finances on a sustainable footing.”

    S&P is pessimistic that the president and Congress will be able to produce significant results in the future negotiations. That is not an unreasonable attitude. But it is not nearly the same thing as blaming the Republicans.

  • Just some Blow Hard…

    This isnt fun anymore and all we do is this same dance.  It is time for
    this nation to act like grown ups and fix the problems we have.  Arguing
    like school children on internet message boards may be entertaining to
    some, but life is too precious.  The next time you read a story in the
    news that makes you mad, or read a comment that makes you mad, or a
    tv/radio show, or a website, go outside.  Try to work for solutions
    instead of fighting for the sake of fighting.  If you need to feel
    superior, justified, or the need to win a political debate by any means
    necessary, then you need to re-examine your life.  I don’t care if you
    are liberal, conservative, democrat, republican.  What is entertainment
    to some is life and death to others.  Just grow up.

    I’m done. Not fun anymore…

  • Jerry Baustian

    Congress did not, but the House of Representatives did. The Ryan budget, the one produced by the House Budget Committee, passed the House in early April; it contained $4.4 trillion in deficit reduction.

    The Senate never voted on the Ryan budget.

  • http://www.facebook.com/people/Russell-Dee/100002008299745 Russell Dee

    Bob Scheifer’s wrong and Axelrod is right.  Maybe Scheifer was on another planet the last couple months because he has surely missed what has been happening.  Up until the last few hours S & P for the past two days have been saying that the KEY issue in the debt downgrade was the bad behavior of some of America’s politicians during the debt ceiling debate, the nature of the debt ceiling debate, and the fact that the debt ceiling issue was not resolve until just a few hours before default, demonstrating that at some point in the near future these same players could actually push the country into default.  The bad behaviors cited by S & P is the behavior that was exhibited by the tea-party/GOP, not by the President.  Admittedly S & P is now saying that both parties are at fault but that is just because they don’t want to pick sides and get themselves into hot water for picking sides.  They survive on the appearance of neutrality.  There are numerous interviews with S & P officials all weekend long where S & P officials are citing the bad behavior of politicians and the offending behavior is the behavior of the tea-party/GOP not the president.  Scheifer is not doing his homework.  He is not reading the statements made in public by S & P, and now S & P is changing its’ tune to put blame on both parties so it is confusing to connect the dots.  The point is that up until just the last couple hours S & P was blaming the bad behavior of politicians, and the cited behaviors was the behavior of the tea-party.  Period.  They are only changing their tune now because they are trying to appear neutral.  For all we know the GOP/tea-party may have even called Beers and complained that his previous statements all weekend long up until the last couple hours, blamed behaviors that were being done by the tea-party/GOP. That is the point.  The point is that you go with the things people say originally before they start changing their story because we don’t know what is causing them to change their story. On CNN an official at S & P specifically told Anderson Cooper about the offending behaviors that caused the downgrade and all of the behaviors that S & P official alluded to were the behaviors conducted by the tea-party/GOP.  Bob Scheifer needs to go back to the drawing board and read the statements being made by S & P officials all weekend long, not just the last two hours when they are now changing their story. 

  • DeVoid

    Those tax cuts are not Bush’s anymore.   Obama name is on the peice of paper now that HE signed last year.  He could of killed it at anytime.  So remember from now on there are NO bush tax cuts.

  • Anonymous

    Your imagined conspiracy between the TP and S&P shows the depths of your reach here. S&P lost credibility giving  mortgage derivatives AAA and had to downgrade based on earlier statements requiring 4 trillion + in debt reduction, when the bill didn’t include much of any real cuts they had to downgrade.

    The downgrade was predictable and inevitable as is the next downgrade in 6 months.

    This is about US debt to GDP. This is Obama’s downgrade and regardless of moveon.org talking points the American people will
    see it as Obama’s downgrade.

    1 term is 1 term to many.

  • http://twitter.com/SailRabbits Magister

    @J_Baustian:disqus : Right. One house of Congress did pass something with a party line vote, but it failed to get through the other house and it wouldn’t have been signed by the President, so it didn’t become law.

  • Anonymous

    Has Obama accepted responsibility for anything…ever?!?

  • Anonymous

    When asked if revenue needed to be part of any deficit reduction plan S&P Chief David Beers responded “the key thing is entitlement reform”

    http://www.foxnews.com/on-air/fox-news-sunday/index.html#/v/1098131386001/sp-chief-explains-credit-downgrade/?playlist_id=86913

  • http://www.constitutionallibertarian.co.cc/ DavidKramer

    Hey, you going to pay your debt? You know this one- http://www.mediaite.com/online/the-five-how-could-you-sleep-at-night-working-at-joke-unreliable-left-wing-gossip-site-gawker/#comment-278922826

    Typical leftist, wants to make a contract and then pay for it with someone else’s property.

    By the way, you can have an opinion, not your own facts. You and other types kept saying that the economy was improving, when the facts do not back your assertions. You cannot federal deficit spend your way out of a depression. Already proven once in history and now has been proven again.

    Why cannot leftists learn from history? Are they always doomed to repeat it?

  • Anonymous

    wow, drooling bob woke up for 5 min

  • Anonymous

    “Changed our assumption on this” is not “Downgraded America’s credit rating because of”.

    Reading is fundamental. Comprehension is your friend..or it would be had you ever met.

  • Anonymous

    So, if I voted against an Al Sharpton holiday, that means I hate black people? Or are you trying to say that if you vote against a paid day off, you hate black people?

  • Anonymous

    Detroit spends more than $15K per student, and graduates about 25% of their students. The union teachers are doing very nicely though. So what if half the city is functionally illiterate? They’ve got Solidarity!!

    http://tinyurl.com/3ugmvvg

  • Anonymous

    Fact: In bowling that post was a gutterball!!!!! Swing and a miss!!!!!! Airball!!!!!! Missed the shot was off to the left of the goal!!!!! Hey just put it where it belongs on Obama!!!!! Change we can count on!!!!!

    This post moved and was response to;Russell Dee

  • Anonymous

    Fact: Govpuppet!!!

  • Anonymous

    Fact: Tea Party excepts the need for government to cut spending but since Obama’s government only kicked the can it was the first US president to get downgraded.

  • Anonymous

    Fact: wwwwwwwwwwwwwhhhhhhhhhhhhhhhhhhhaaaaaaaaaaaaaaaaaaahhhhhhhhhhhhhhhhhh They are picking on me…………………….

  • Anonymous

    Fact: Liberals know so much that isn’t so: The great Ronald
    Reagan

    Fact: Liberals know so much that isn’t so: The great Ronald
    Reagan

  • Anonymous

    Ahhh…so at least one Leftist Media Hack is feigning ‘objectivity’ by challenging the typical Lib talking points (“It’s someone ELSE’S Fault!”).

    We’ll see if it lasts…and spreads.

  • Anonymous

    Fact: Dimbulb!

  • Anonymous

    Wait a minute! In 2009, Pelosi, Reid, and the entire far left in Washington, were laughing at and mocking the Tea Party, labeling the movement as ‘astroturf.’ Now the far left wants to blame the ‘astroturf’ movement, for the S&P downgrade? LOL. The honest truth is, imo, that for the past 3 decades or longer, self-serving politicians in BOTH parties, have brought our economy to where it is today. Imo, also, Obama was elected in 2008, on a huge wave of disgust of both parties. Americans were serious about wanting real ‘hope and change’  from Obama. Last, but definitely not least, when Obama allowed Pelosi, leader of the fringe left,   to define the Democratic agenda and his presidency, Obama’s majority of moderate supporters, began to drop like flies. Moderates in both parties, far outnumber the fringes of the left and right combined, and without these moderates, Obama is out in 2012. Obama, imo, needs to distance himself from the fringe left, and moderate Dems need to take the party back, from the radical extremists on the left. Pelosi is the real ‘astroturf’, here. LOL.

  • Anonymous

    Fact: Guilty as charged but still The Reasonable_lib claims ignorance of the crime! Not a good defense!

  • Anonymous

    Just LOOK at the utter despair and torture on the face of Axelrod-the-Lib. I LOVE what is happening to Libs; the light on their little ‘Perpetual Democratic Majority’ soiree is just about extinguished.

  • Anonymous

    Fact: I would rather give Ronald Reagan a National Holiday on his birthday but where is it. General Patten or General MacArthur may have had a Holiday too then I guess I can come up with at least several dozen more important people to mention for a Holiday too. I guess my guys mentioned didn’t get one because they where white and they must hate whites!

  • Anonymous

    Fact: Penalty fouls; “piling on the lies”! Public Education Union teacher alert! Here is why tenure for teachers failure is not an option! Here is a good place to start cuts!

  • Anonymous

    Fact: Liberals always use Clinton as their hero in economics. Just think of all the wrongs this guy could have done if he was lose and not locked in offices with little girls. We got lucky then and now we have president lose that has the US downgraded for the first time in history.

  • Anonymous

    fact: lose = loose

  • Anonymous

    Ah yes, attack a  poster who is giving you facts because they are facts you don’t like.  Typical liberal.

    It’s the Obama/Dem downgrade.  How many years has it been since tehre was a budget?  Too many, becaues the Democrats REFUSE to do their job. 

    2012 can’t come soon enough for me.

  • Anonymous

    The only things President “One Term” Obama, his advisors,
    and the majority of Democrats in Congress do well is to point fingers and blame
    others for their mistakes.

    Good job Liberal boys and girls.

  • Jerry Baustian

    This is a global phenomenon that has taken decades to develop — one might very well put the blame on Richard Nixon, for decoupling the dollar from gold in 1971 and ordering Fed chief Arthur Burns to inflate the currency. Or on Wilbur Mills, House Ways & Means chairman, who created automatic inflation adjustments for Social Security. And of course Lyndon Johnson, who gave us Medicare and Medicaid, which we cannot pay for. Other industrial democracies in Europe and Asia have made their own mistakes as well, and made promises they cannot keep.

    The Democrats in Congress cannot escape responsibility, because they added 50% to the national debt in just four years. 

    And Barack Obama submitted a budget proposal barely six months ago that forecast trillion-dollar deficits forever — or until the lenders say No. (That was the budget defeated 97-0 in the Senate.)

    The rating agencies should have downgraded US Treasury debt a long time ago. Nothing big happened last week — S&P had to act sometime, it could have happened in the late 1970s, when T-bond rates hit 12%, or the day after President Obama presented his first budget, when rates were 3.5% or so.

  • Jerry Baustian

    Fishy, you and a great many others are erring by thinking of “Tea Party” as a thing, a group of people, or even an organization.

    Instead the tea party movement is an attitude toward government and a set of opinions regarding the size and role of government. Some people lean toward a very libertarian view of what government ought to do, while others just want something less than the government we have now. 

    It is a mistake to think of the tea party movement as a discrete set of people who all believe the same thing, and who oppose everyone else who believe exactly the opposite. It is better, I think, to think of a spectrum or continuum of ideas about the size of government, with the Obama administration at one end and only Paul Krugman and a handful of congressmen even further to the left.  

    Most everyone else wants at least some shrinking the size of government; and I think the disagreements can be bridged but probably not while Barack Obama is in the White House.

  • Jerry Baustian

    If Axelrod was had a brain, and a bit of education, he would have blamed Richard Nixon and his Federal Reserve chairman Arthur Burns (1970-1978) for inflating the currency and delinking the dollar from gold. Before August 15 1971, the convertability of gold imposed at a certain amount of discipline on the US government; the announcements of August 15 1971 set in motion events which have led to the current state of affairs.

    Since then, every Congress and every president have made bad decisions, either making the situation worse or failing to take sufficiently tough decisions which could have put the nation’s finances back on a sound footing. 

    Obama is fiddling while Washington burns. But the firewood has been stacked up for 40 years; Obama just poured gasoline on it and lit the match.

  • Republicans are Liars

    Again another ill informed conservative… from the S&P report… Compared with previous projections, our revised base case scenario nowassumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. 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.

  • Republicans are Liars

    Again this idiot is spreading lies The S&P was quite clear it is the Republicans that caused the down grade and here is what they said…  Compared with previous projections, our revised base case scenario nowassumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. 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.

  • Republicans are Liars

    another fact denier… Compared with previous projections, our revised base case scenario nowassumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. 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.

  • Republicans are Liars

    but they did pick a side. Compared with previous projections, our revised base case scenario nowassumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. 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. THEY HAVE SPELLED IT OUT QUITE CLEAR THAT THE REASON THEY PUT US INTO DEFAULT IS THE REPUBLICANS RELUCTANCE TO RAISE REVENUES.

  • Republicans are Liars

    Read the WORDS of the S&P They have blamed the REPUBLICANS LOUD AND CLEAR…  Compared with previous projections, our revised base case scenario nowassumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. 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.

  • Republicans are Liars

    here’s another idiot who can’t read… READ THISCompared with previous projections, our revised base case scenario nowassumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. 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.

  • The_Reasonable_Lib

    You live to spin, my friend. Unfortunately your spin won’t fly this time. First you say I’m lying then you change your position. You’re like an old man who can’t stand to be wrong. This is from the official report. There is no wording that says “We downgraded it due to this” don’t be stupid now. Read the actual report that I posted for you and read S&P’s followup where they admit to an error of $2 trillion (the same number the white house said) but state that it did NOT influence their decision. This clearly shows that they view our political system, specifically the Republicans inability to include tax hikes in the deal as evidenced in my quote from page 4 of the report, as unstable. Now please, dumbass troll, spin that until you’re blue in the face.

  • Jerry Baustian

    S&P said: “Standard & Poor’s takes no position on the mix of spending and revenue measures that Congress and the Administration might conclude is appropriate  for putting the U.S.’s finances on a sustainable footing.”

    I am not surprised that you did not mention this, since it is not on the list of Democratic talking points.

  • The_Reasonable_Lib

    “Reading is fundamental. Comprehension is your friend..or it would be had you ever met.”
    Not much on sarcasm are you? I’m emphasizing the absurdity of your claim by offering an example and extending it to an illogical conclusion. Comprende? Your post makes the assumption that people cannot change their positions. President Obama changed on the debt ceiling. Michele Bachmann changed her entire political affiliation in a second. But hey, don’t let this stop you from spinning. I eagerly await your idiocy.

  • DeVoid

    The dems refused to put up a budget in writing while they held power.  The Bush tax cuts no longer exists they are now Obama tax cuts.  The first and only persons to say “spending cuts” were the T Party.  The reason we got “the deal” was from the force of the T Party saying “spending cuts”.  everything else is a lie , liberal media spin.   Read whatever you wany unreasonable Lib.  Try thinking out of the box and seeing the big picture.  Again  T Party were the only ones saying “spending cuts” it was WHY they were elected.

  • Republicans are Liars

    They say they didn’t but they did. It is in the report. It is on the internet. Why is it hard for you to not understand the sentence below. The changed their assumption BECAUSE of the REPUBLICAN reluctance to raise revenues. Compared with previous projections, our revised base case scenario nowassumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. 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

  • Jerry Baustian

    I don’t blame S&P for being pessimistic about the chances for a Great Big Deal — a fundamental reform of the tax code, of the budget process, and of entitlements.  It’s a necessary but very difficult task and Congress doesn’t like to make tough decisions.

    But I think this downgrade may actually serve to focus their minds on what needs to be done — and if this downgrade doesn’t do the trick, then maybe the next downgrade, or the one after that.

    Blaming the people who want government to spend less seems like a very short-term tactic, and one that cannot work. I know this is not a new analogy but Glenn Reynolds put it very well: “everyone knows that when you’re using your MasterCard to pay your Visa bill, it’s the person who doesn’t want the limit raised who’s the real source of the problem.”

    I’m watching the meltdown on CNBC, and nobody is talking about the tea party movement.

  • The_Reasonable_Lib

    Before I dignify your accusation with an appropriate response I need to ask you something. How much of the stimulus went to tax breaks. Please give me an exact number or percentage.

  • Jerry Baustian

    Quote: “How much of the stimulus went to tax breaks. Please give me an exact number or percentage.”
    I can answer that for you, Libby: about $82 billion, or 10% of the $821 total cost. Much of that was in tax credits to people who otherwise would not have paid any income taxes — so the CBO calls these credits “tax expenditures” and not “tax cuts”.

  • Rio

    Another shiny new toy from the report you choose to dangle again and again.  Here’s another….ahem, from the report, we can play in this toy box all day:

    In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.
    Our opinion is that elected officials remain wary of tackling the structural issues required to effectively address the rising U.S. public debt burden in a manner consistent with a ‘AAA’ rating and with ‘AAA’ rated sovereign peers (see Sovereign Government Rating Methodology and Assumptions,” June 30, 2011, especially Paragraphs 36-41). In our view, the difficulty in framing a consensus on fiscal policy weakens the government’s ability to manage public finances and diverts attention from the debate over how to achieve more balanced and dynamic economic growth in an era of fiscal stringency and private-sector deleveraging (ibid). A new political consensus might (or might not) emerge after the 2012 elections, but we believe that by then, the government debt burden will likely be higher, the needed medium-term fiscal adjustment potentially greater, and the inflection point on the U.S. population’s demographics and other age-related spending drivers closer at hand (see “Global Aging 2011: In The U.S., Going Gray Will Likely Cost Even More Green, Now,” June 21, 2011).
    Standard & Poor’s takes no position on the mix of spending and revenue measures that Congress and the Administration might conclude is appropriate for putting the U.S.’s finances on a sustainable footing.

  • Anonymous

    You guys just can’t get it through your heads that the US Government spends too much money on programs that just don’t work.  Programs that keep the poor poorer.

    In 456 days you will see the error’s of your spending.

  • Republicans are Liars

    The first two years of the Obama administration we moved forward in getting the economy back on track. We stopped hemoraging private sector jobs. The stock market recovered. Corporate profits were up. We moved towards universal healthcare, tighter regulations on the financial sector but we could not go all the way because of Republican obstructionists. NOW 8 MONTHS INTO THE TEAIDOTS tenure in the HOUSE WE SPIRALING AGAIN INTO THE ABYSS OF economic calamity. Teatards are clueless to how to recover the economy. Teamorons are lost. WE MUST RAISE TAXES. WE MUST RAISE TAXES NOW. We must go back to the banking system we had 20 years ago. We must reinstall the FCC rulings on media ownership. All the things the Republicans have championed has been the ruination of this country. WTF up.

  • http://www.facebook.com/people/Chris-Antenucci/15502485 Chris Antenucci

    Seriously, this is amazing.  Just blaming the Tea Party for the downgrade, imagine if Bush or any of his spokespersons blamed a liberal organization for his failings?  They have influence, but they’re NOT part of our government.  Obama isn’t just part of our government, he’s supposed to be the leader of it.  We ended up being downgraded partly because Obama never put forward his own plan, in writing.  When one of his advisers once said the President’s approach to leading is leading from behind, turns out he wasn’t kidding.  I don’t blame liberals for being mad at Obama for not standing up to anyone or for anything.  If you’re gonna be a liberal president, at least fight for liberal causes directly instead of trying to get things passed behind closed doors.  Instead of attacking the Tea Party constantly, why don’t you try convince people of YOUR approach to solving these problems.  People only start to point fingers when they know they can’t win by logic alone.  Every president weighs the political risks of his decisions, but I’ve never seen a president care ONLY about the political risks of each decision and his re-election campaign and not the good of the country.  A responsible president would have said, “we all share blame for this downgrade, but we have to look forward and find a way to fix this.”  What about the 2 years Obama and his party controlled the House and Senate?  They had two years to pass a budget and they never even tried, and then they have the nerve to say tea partiers are hijacking the country when THEY waited til the last minute to pass something.  Unbelievable.  Btw, has Obama ever put out a plan to create jobs since he became President?  He might wanna get on that.

  • Republicans are Liars

    My gosh dude, do you ever read? What do you think the stimulous was about. The president’s plan has been there in front of you. He put nearly a trillion dollars back into the economy to keep people employed. He tried to get universal healthcare but was shot down so we got a half/baked measure – thank you Republican liars for that. He tried to put a tough finance reform pacakge together but was again made to take a milk toast version because of the Republican liars. The man in his first two years accomplished alot. What has the TeaIdiots accomplished in 8 months – getting the USA’s credit rating downgraded. Atta boy, Brownie. Keep up the good work

  • Republicans are Liars

    Name them… Spell it out Dad. What are they.

  • Jerry Baustian

    What was the stimulus about? It was mainly about thanking the unions for their help in the election, by preserving as many union jobs as possible for at least a couple years. It didn’t do a thing to create or save non-union jobs.

    As for blaming the tea party movement for the credit rating downgrade — who will be blamed after the next downgrade? And the one after that? 

    This entire strategy of demonizing the very people who want to slow the spending and stop the borrowing is destined to fail. Whoever came up with the idea of labeling the small-government voters terrorists, hostage-takers, Taliban, Hezbollah, suicide bombers, jihadis, cannibals, vampires, zombies, muggers, kidnappers, haters, secessionists… whoever thought up this scheme forgot to ask themselves what they  might do for the next act?

    What do you think, Liar? What will the Democrats do next? Haven’t they just about shot up all their ammo? Or is there something even more terrible that they can say about their opponents, that they haven’t said already?
     

  • Dflojak

    Please, you are arguing with a progressive. FACTS, WE DON’T NEED NO STINKING FACTS. Just because it’s in black and white doesn’t mean the right is right.

  • Anonymous

    So perhaps we should bring back BushDrunk(s) & Gang??

  • Dflojak

    read the whole report, wetspot, don’t cherry pick as always, both sides got blamed. Dont start with the talking point memo from Axelroad, who looked the fool against……..Bob Schieffer? Wait, I think my head just exploded when i wrote that.

  • Anonymous

    Program / #Agencies/Programs Involved

    Overseeing Food Safety Laws / 15

    Help the Homeless / 20

    Economic Development / 80

    Improve Teach Quality / 82

    Help with Transportation for the Disadvantaged / 80

    Job training and employment / 47

    Help People understand Finances / 56

    How’s that for starters Princess?

  • caconservative

    As is usual with Axlerod, and this administration, when confronted by a factual direct question, they either ignore it or, give us a response that is laughable, or demonize the messenger!

  • Rio

    So, you got evidence of President Bush ever drinking alcohol during his 8 years serving, please post your source and then wait for all the references to Obama’s regular partying in the White House.  What you people fail to take into consideration is that President Bush, on his own decided to quit drinking alcoholic beverages long before he took office, not so with the current occupant……or his VP.

    enjoy:

    http://www.youtube.com/watch?v=NmRXH7RkCZQ

  • caconservative

    Are we missing the real issue here? A government that cannot be held to answer for their gross-negligence. A government that has no intension of living within a reasonable budget.
    The answer to this is a “fair-tax system” that taxes everyone no more than twenty percent, with everyone paying. The major reason this government is allowed to get away with larceny is the fact that 50% of the workers are not paying taxes, so they have no gripe, and the businesses that are hiding their money from taxes are as happy as pigs in s^*t and have no intension of rocking the boat. When all are taxed, they’ll be far more inclined to demand this government justify it’s ridiculous spending.

  • http://www.facebook.com/people/Chris-Antenucci/15502485 Chris Antenucci

    The stimulus was Obama’s approach to dealing with our declining economy.  But it failed since we’re at 9% unemployment and probably increasing by next year.  I was specifically referring to a plan to deal with the debt.  The stimulus actually added to the debt considerably so hopefully that wasn’t his plan.  His healthcare plan also added to the debt, and he spent so much time on that while spending no time on  a plan to create jobs.  In my previous post I was only partially correct when I said democrats haven’t tried to pass a budget.  Democrats in Congress never tried, but Obama did, and it got voted down 97-0.  I don’t think any president ever has gotten a budget or any or their plans rejected by every member of their own party in the Senate.  It was because Obama’s budget did nothing to fix spending or the debt, and even his own party knew it.  Ever since then, especially throughout this debt debate, he never had a plan in writing again because he knew the political cost of it being shot down by everyone was too great, so he decided to let Congress take over, which led to his “balanced approach” being removed.  He should’ve foreseen that the political cost of sitting on the sidelines was just as great as trying and failing.  

  • http://twitter.com/cek100248 charles kirtley

    How could Obama be responsible for the mess? He was playing golf and going on vacation.

  • Anonymous

    good one.  did you come up with that yourself?

  • Anonymous

    Ah, but the Tea Party IS a thing, a group of people and an organization based on an attitude and a set of opinions.

    It is a mistake to think of ANY group or movement as a set of people who all believe the same thing and who oppose everyone else who believes the opposite – whether they’re labeled Democrat, Republican, Libertarian, Tea Partier or Communist.

    As I’ve said previously, the Tea Party is one of the biggest exercises in false consciousness the world has seen, a fake grassroots movement, it purports to be a spontaneous uprising of concerned citizens, but in reality it is founded and funded by elite interests. 

    It is mostly composed of passionate, well-meaning people who think they are fighting elite power, unaware that they have been organized by the very interests they believe they are confronting.

    The Tea Party platform and set of opinions benefits the wealthy.  Look: tax breaks for the wealthy, less interference in corporate matters by government, opposing the unions, blaming the problems of the country on government – when the problems are caused by the mega corporations.  The Tea Party platform is detrimental to the middle class and the organizers want you to believe the opposite.

                      

  • GeorgiaJ

    Well, lloks like ral people are finally “getting it”.  Axelrod is pathetic with his spin and excuses.  That’s what got Obama elected……spin and lies.

  • Jerry Baustian

    Fishy, all I can say is that you are wrong. I think of myself as sympathetic to the tea party movement. But I’ve never joined any organization, never attended any rallies, etc. My own beliefs have been fairly constant over the last 30 years — I am just happy to find that a significant number of people share those beliefs. 

    It is absurd for you to claim that these people suddenly discovered that they wanted a smaller and less-powerful government that spent less and taxed less. There might be a few who came to that realization suddenly, but most are like me — it what we always believed. But nobody was articulating those ideas, at least not prominently, until Rick Santelli’s famous rant. 

    There is no tea party platform, so there is no platform that benefits the wealthy. A dysfunctional government with out of control spending does not benefit anyone.

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