1. Mediaite
  2. Gossip Cop
  3. Geekosystem
  4. Styleite
  5. SportsGrid
  6. The Mary Sue
  7. The Jane Dough
  8. The Braiser
Advertisement

George Will: S&P’s Reputation Is So Bad, Their Opinion ‘Isn’t Entitled To Any Respect’

Video
» 198 comments

As S&P downgrades United States debt for the first time ever, many Republicans and Democrats are pointing blame at each other for having caused the unprecedented occurrence. Yet conservative commentator George Will thinks that S&P has so little credibility that their assessment told us nothing new and that it’s rating perspective should have little economic effect.

Will unloaded on the ratings agency:

“Standard and Poor would have forfeited it’s good reputation, if it had a good reputation to forfeit these days. It having missed the entire mortgage-backed securities problem right under it’s nose. . . . They’re entitled to their opinion on our politics, but their opinion isn’t entitled to any particular respect.”

ABC’s Cokie Roberts agreed with the takedown of S&P, yet disagreed that the downgrade wouldn’t have an impact. Especially since it’s already a talking point for Republican presidential contenders that President Obama was the first president ever to lose the top rating, it seems whether S&P is “credible” might already be a footnote to the discussion.

Watch the clip from ABC below:

Follow us on Twitter.

Sign up for Mediaite's daily newsletter.

Email Twitter Facebook Digg Reddit Stumble Upon Yahoo Buzz LinkedIn Tumblr Delicious
  • qwerty

    Fact: america has been downgraded the first year tbaggers got to washington (and yes it is their fault for not doing the 4 trillion dollars grand bargain)

  • SNAPTIE

    Tax cheat John Kerry said today on Meet The Press that the GOP-TP was ready to hold and shoot the hostages in the head. So that must be the reason for the downgrade.

  • DeVoid

    Let’s see if this HACK Mediaite will post what Greenspan said ON THE SAME SHOW.  Democrats all winced, made faces and crapped themselves.  Lets see if this site is honest.

  • DeVoid

    Let’s see if this HACK Mediaite will post what Greenspan said ON THE SAME SHOW.  Democrats all winced, made faces and crapped themselves.  Lets see if this site is honest.

  • Michelle

    Yawn, we see all you libs got your daily talking points from the Daily Kos and are running with it.  Are you even able to think for yourself anymore?

  • Michelle

    They aren’t, but they can be shamed once and a while I’ve noticed. 

  • Darladoon

    well, S&P did cite the TP’s intransigence on taxes as the primary contributor to the downgrade

  • Darladoon

    well, S&P did cite the TP’s intransigence on taxes as the primary contributor to the downgrade

  • Darladoon

    and you’re a veritable tea party spoken word poet, aren’t you michelle?

  • DeVoid

    here you go avoiding reality again.  15 T in debt, 1.5 T short a year as far as the eye can see with 2 M more jobs lost under Obama.  Sure its not a problem from your mom’s basement eatting her food while an illegal cuts your lawn for $25.  Whats your high score on WarCraft?

  • Darladoon

    and your reaction to S&P’s characterization of the TP’s refusal to raise taxes?

  • Darladoon

    well, with all that debt you speak of, obviously some increased revenue would seem…..

    i don’t know…….APPROPRIATE?

  • DeVoid

    Are you a morron?  My comment to you is a reaction.

  • http://pulse.yahoo.com/_M5V6VTQAVLARF7XXO47Z5OCZWM TangledThorns

    Hey liberals and Mediaite, did you know Moody’s raised Alaska’s credit rating to AAA largely due to fiscal improvement under Sarah palin’s governorship??? 2013 can’t come soon enough.

    http://twitter.com/#!/JoshuaGreen/status/99916977916747776

  • DeVoid

      15 T in debt, 1.5 T short a year as far as the eye can see with 2 M more jobs lost under Obama. Sure its not a problem from your mom’s basement eatting her food while an illegal cuts your lawn for $25. Whats your high score on WarCraft?     

  • Michelle

    Actually, it said spending was the most important thing:

    But it appears to give more weight to the need for more spending
    cuts, as it warns that a further credit rating downgrade is in the
    cards if the U.S. does not trim spending.
    In contrast, while the report
    indicates that new tax revenues would help mitigate the debt crisis,
    failing to find these revenues does not immediately put the U.S. at risk
    of another downgrade.
    Specifically, the report warns directly
    that a further downgrade to “AA” status could occur within the next two
    years if there is “less reduction in spending” than what was agreed in
    the debt ceiling agreement. S&P said one factor that could lead to
    this second downgrade is if the minimum $1.2 trillion in spending cuts
    under the debt ceiling agreement does not occur.

    Can you stop lying, please?

  • Darladoon

    how is this lying?  from the same report:

    “It appears that for now, new revenues have dropped down on the menu of policy options.
    [...]The act contains no measures to raise taxes or otherwise enhance revenues, though the committee could recommend them.[...]Compared with previous projections, our revised base case scenario now assumes 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

    Let’s see if we can cut, cut, our way to satisfying the debt vigilantes, as we ignore the lessons of 1937. Oh. and let’s not forget to gut more regulation that protected America from rapacious capitalism for seventy years and while we’re at it cut more taxes that are at the lowest level in sixty years.

    Watch out Grandma, here comes The Chicago School and The Tea Party! Thanks for capitulating and focusing on their issues, Obama, and for discrediting Keynesian Economics by meekly rolling over for the Hooverites. 

  • BLUEBUNNY

    THIS WAS CAUSED BY THE REPUBLICAN/TEATERRORISTS! FIRST TIME THE BABY GUNS HAD ANYTHING TO SO WITH THE PROCESS!  LOOK AT THE BLACK SPOT THEY LEFT! THE HUGE JOKE IS THE WAY FOX ENTERTAINMENT CHANNEL/RADIO BLITZ HAS ALL THEIR LITTLE LEMMINGS RUNNING AROUND REPEATING TALKING POINTS LIKE A BAD MEAL!

  • Darladoon

    thanks for avoiding my question with irrelevant insults

    again, your reaction to the S&P’s characterization of TP’s refusal to raise revenue?

  • Michelle

    It’s lying because the report says spending is the main cause, not that taxes weren’t raised, as you said.  

  • Darladoon
  • Anonymous

    i know liberals want to raise taxes, got that, but what entitlement spending cuts do you support?

  • Darladoon

    i said a “primary” contributor

    you can’t take one without the other, michelle

    i know, it’s hard to swallow your pride, but tax revenue is necessary to balance
    the budget

    i know, i know, it’s vitally important to YOU that billionaires keep their money so 
    they “re-invest” in china….

  • HAHAHAHHA

    hhahahahahahahhaha

  • DeVoid

      I took a call and made money while you ate your Fruitloops. You see I actually run two businesses, sole owner, so MY week never ends.  Somebody has to pay your benefits. 

  • lunar

    don’t try arguing with conservatives, facts don’t penetrate that thick skull

  • Moderate

    Spending more than you take in, is the major contributor. That can kill anyone’s credit rating. 

  • Michelle

    I say they are libs, so I’m not surprised:

    S&P Executives Have Donated Almost Exclusively To Democrats During Recent Election Cycles…

  • Darladoon

    no cuts to entitlements

    why should we cut entitlements, when the benefactors of these entitlements,
    HAD NOTHING TO DO with the financial meltdown?

    and it doesn’t make sense to crush the poor at a time like this.  

    how about cuts in defense spending?  why are bombs sacred cows, and not
    health care and retirement savings?

  • DeVoid

    Freeze evreything, 1% cuts a year for 5 years.  problem solved.  OUCH 1% ciuts are SOOO painful.

  • BLUEBUNNY

    WHY IS EVERYONE BUT YOU LIVING IN THEIR BASEMENT WITH THEIR MOMMIES! YOU LIVE IN A VERY SMALL “HANNITY” WORLD MY FRIEND! AS SOON AS THE REPUBLICAN/TEATERRORISTS GET OFF THEIR ASSES THE JOBS WILL COME! IT’S ALL ABOUT JOBS TO THEM,RIGHT?! HOW MUCH DO YOU PAY YOUR “ILLEGAL” TO SERVICE YOU!

  • lunar

    devoid, if you died, everyone will be fine :)

  • Darladoon

    dude, let me try and make sense:   if you’re going to spend more than you take in,
    then you HAVE to raise taxes.

    you can’t just ‘imagine’ the spending away…

  • Darladoon

    btw, the S&P report says otherwise

  • Anonymous

    The Tea Party isn’t running $1.5 trillion deficits as far as S&P’s eyes can see. Could you provide a link to the details of the Grand Bargain?

  • Michelle

    Lora Doon, do you know what primary means?  Main.  Spending was the MAIN cause, not low taxes.  You lied and were called out for it.  Get over it and move on. 

  • Anonymous

    Yes! And if we took the regulatory boot of the neck of business, we’d have it.

    We don’t need higher taxes, we need more people paying taxes.

  • Darladoon

    which flies right in the face of your argument that it was the democrats’ refusal to
    cut enough spending to prevent a credit downgrade

    which is it, michelle?

  • Anonymous

    thanks for being honest…..no compromise got it

  • Anonymous

    No, they didn’t.

  • qwerty

    you really think your the shit don’t you
    get off your high horse bitch

  • Anonymous

    I don’t see the Tea Party mentioned there. The Tea Party mostly voted against this bill, like half of the Democrats.

  • Darladoon

    so you want to raise taxes on the working class right now?

    interesting.  that should fly with about 7% of the population.

  • Michelle

    It’s like talking to a brick wall, eh Pablo?

  • SNAPTIE

    They also cited the fact that the Federal budget went up 32% under the Dems and  Obama. So where is Barack Obama?The president has yet to make a statement on the historic downgrade.He went to Camp David for some rounds of golf.http://www.thegatewaypundit.com/wp-content/uploads/2011/03/federal-budget.jpg

  • Michelle

    Um, no it doesn’t.  Nice try though.

  • Darladoon

    michelle–

    are you actually arguing that we need NO new tax revenue?

    seriously.  

    i want to understand your position right now, right here.

    yes or no question:  do we need additional tax revenue to balance
    the budget?

  • Anonymous

    so cut the defense spending to zero saves 800 billion a year, and raise taxes 700 billion a year…..and what do you get….just breaking even

  • Anonymous

    What did he say?

  • DeVoid

    clearly a receiver of said benefits….Darloon

  • realheadline

    It wasn’t meant to have an “impact”, just a warning shot. Standard and Poors won’t determine interest rates but unfortunatly our creditors will. Trying to place blame is just shooting the messenger.

  • Darladoon

    yes they did, i posted the text

  • Michelle

    Well Conservatives must compromise.  That’s the liberal idea of compromise.  The other guy has to do it.

  • Anonymous

    Because we can’t afford them.

  • Anonymous

    S&P’s Beers says risks on downside for future U.S. ratingWASHINGTON (Reuters) – The head of Standard & Poor’s sovereign ratings, David Beers told “Fox News Sunday” he did not expect “that much impact” when global markets open on Monday due to what he called a “mild deterioration” in the U.S. credit standing to AA-plus from top-tier AAA.Asked about the prospects for a further lowering of the U.S. rating, Beers said, the agency’s negative outlook meant that “risks are on the downside.”He also said the downgrade announced on Friday was not due to the budget positions of any political party and that on any future agreement, “We think credibility would mean any agreement would command support from both political parties.”Beers called the U.S. Treasury Department’s criticism of the credit rating agency’s analysis a “complete misrepresentation.” Even with the debt limit agreement passed by Congress, he said, “the underlying debt burden of the U.S. is rising and will continue to rise over the next decade.”http://old.news.yahoo.com/s/nm/20110807/bs_nm/us_crisis_usa_beers/printRead that last paragraph and see if you can comprehend what Beer’s is saying. If you’re a Leftist, strap your helmet on real tight to reduce the impact from your exploding head.

  • DeVoid

    you forgot the 14 other Dem taxcheats caught the last 3 years.  Like Gietner  – our top money guy.

  • Darladoon

    uh, there are MANY other cuts to social programs (not entitlements) that
    are on the table.  

    why isn’t defense on the table, cjd?

    and btw, i want to get your position clear on this issue:

    do you want ANY tax increases at all?

  • com

    what regulations are you talking about??? name 3 and don’t take them out of your rear end

  • Darladoon

    and btw, cuts to the environment and education are very, very, very serious

    and incredibly costly in the long run

  • Michelle

    Admit you lied and I’ll give you my answer.

  • Azgr29

    Hey qwerty, guess who is going to be labeled as the first American dead beat president
    In our history. That’s right your president 0bama. How’s that hope and change working out
    For you libs now. God bless America and the tea party. Ps. Better buckle up for 2012, it’s not
    Going to be pretty for dems.

  • DeVoid

    taxs cuts dont hurt as much as increased spending.

  • Anonymous

    if you cut defense to zero…….you still spend 700 billion more a year than the government takes in

  • Darladoon

    as the text from the report to which i copied/pasted says:  the lack of new tax revenue
    was a primary contributor to the downgrade

    that is a fact.

    now, michelle:  your position on taxes

  • DeVoid

    I agree.  In fact 4 weeks ago S&P said 4 T  in cuts or else

  • Michelle

    Um that’s our point.  Slash spending and you won’t need to raise taxes. 

  • A.R.

    haha you make yourself out to be a fair arbiter of some kind u right wing nut

  • Michelle

    Ah, more calls for death from libs.  Typical. 

  • Darladoon

    you argue that S&P is biased towards democrats, and yet you ALSO argued
    that the lack of spending cuts (democrats’ fault) was “the” primary motivator
    for the credit downgrade

    blatant contradiction

  • Michelle

    Lora Doon,
    Is it your position that we can afford all of the entitlements?

  • A.R.

    michelle you might have comprehension problems

  • DeVoid

    Greenspan was citing IMF study/report in his arguement.  You should of seen the Dems faces.

  • Anonymous

    A tough day for all the Obama supporting left wing hacks out there.  The S&P finally said what most of us have known for quite some time.   The profligate state is unsustainable.   And of course, the reaction from the left is very predictable. . . . . . eat your peas.
     
    http://www.youtube.com/watch?v=1lrDul1grFo

  • Darladoon

    michelle, boehner got “98%” of what he wanted

    how did obama NOT compromise, again?

  • Darladoon

    small minded

  • Anonymous

    Obama was celebrating himself all last week while America was getting fiscally destroyed.

  • Anonymous

    Obama was celebrating himself all last week while America was getting fiscally destroyed.

  • Anonymous

    No budgets from the democrats since they have been in charge; the Senate voted down Obama’s budget plan with ZERO democrats voting for it.

    Had CCB passed the Senate this would not have happened.  Listening to the idiots on television (pundits and democrats…as if there is any difference) blame it on the tea party is laughable.

    They will do and say anything to avoid blaming Obama for it.

  • Mathmatix BN

    Quote: “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.”
    Words, have meaning, even if George Will thinks they dont.  Accuse them of being useless because they came out and said the same thing about Republicans, except with all of the “Facts” and less rhetoric about worst of all time.  No conflict there

  • Mathmatix BN

    Quote: “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.”
    Words, have meaning, even if George Will thinks they dont.  Accuse them of being useless because they came out and said the same thing about Republicans, except with all of the “Facts” and less rhetoric about worst of all time.  No conflict there

  • realheadline

    The headline leaves the word “particular” out of the quote. That changes the quotes meaning. Context please. Thanks Mediate!

  • realheadline

    The headline leaves the word “particular” out of the quote. That changes the quotes meaning. Context please. Thanks Mediate!

  • Michelle

    Lora Doon,
    I read what you posted and don’t see the word primary in there. 

  • com

    haha been watching hannity much? do you have a man crush on him or just a homo erotic fixation on him?

  • Darladoon

    gee, i wonder who wouldn’t budged on new tax revenue?

  • Anonymous

    lol, you lose, go back to fairytale land

  • Moderate

    Dude, if you raise taxes, Obama and the Democrats will spend more based on history. That is how they get voters.

  • Anonymous

    I’ve lost count of the “blame the messenger” stories in the mainstream media about the US debt downgrade.  The only other approved story line in the mainstream media is “blame Tim Geithner.”  Notice the recurrence of the word “blame” in these responses. 

    Hmm, what happened that “buck stops here” sign Truman had on his desk?   I don’t know much about the Oval Office, but I’m sure this is one thing you won’t see there.

    http://upload.wikimedia.org/wikipedia/commons/c/cb/Buckstopsherefrontsmall.jpg

    Sure, folks, tell yourself that the rating agencies are incompetent.  There’s nothing wrong with sitting on $14 trillion in borrowed money and $100 trillion in unfunded future liabilities, and borrowing another $59,000 every second.   Why in the world would S&P have any reason not to assign a triple A rating because of those tiny little inconveniences. 

  • Darladoon

    but, if you DO end up spending, michelle?

    there’s a couple of things called “wars” (google it, you might get some hits) that
    we have to pay for.  and these things called “tax cuts” that we have to borrow money
    to pay for.

    you can’t just imagine that you haven’t spent any money.  you have to deal with it.

  • Darladoon

    obama had to spend money, because our previous prez destroyed the country.  

  • Anonymous

    so cuts to defense and raising taxes will solve the problem darla?

  • Darladoon

    different sides of the same coin

    the bush tax cuts are the PRIMARY reason for our structural deficit.  

  • Darladoon

    i’m too young to receive benefits at the moment

  • Anonymous

    Kinda like  Fact: everytime a house burns down, the Fire Dpt. is there, therefore they are responsible for the fire.   Just love lib/progressive logic.

  • Darladoon

    yes, presuming we cut elsewhere and raise taxes

    i don’t think it’s sets a good precedent for our country to be punishing workers,
    senior citizens, children, minorities.

    i think we not only need to preserve entitlements, we should strengthen them.

    i think, ultimately, we need to model our government’s tax structure on other
    MORE PRODUCTIVE countries like sweden, germany, canada.  

  • Darladoon

    the S&P also said we should raise taxes.  

    your reaction?

  • Michelle

    No, I don’t think so.  I always scored very high on reading comprehension.

  • Michelle

    They are liberal so of course they LOVE taxes.

  • Mjpark1234

    Obama first president ever to have the credit lowered end of story. I don’t think he cares now he can start booking his speaking gigs as he has zero chance of a second term.

  • Anonymous

    George Will’s reputation is so bad, his opinion is dreck. But wait! We haven’t heard from Krauthammer & Rove.

  • Anonymous

    No.  They said revenues.  And there is a difference between revenues on volume and revenues on the margin. 

  • DeVoid

    you are naive or on the Fed tit.   ILLEGALS get SS, How many checks go to women under 30 with 3 kids who get free housing, food, healthcare and never get off of it. YET have two 50′ TVs..  Whose kids learn the tricks of Fed tit?.   How about the $100 B in medicare/medicaid fraud a year cited by Obama he was going to stop during election lie season?  It goes on and on.

  • DeVoid

    mommy is teaching you

  • DeVoid

    or is it grandma?

  • Anonymous

    First you deceitfully omit a full quote in order to take it out of context, then you say “words have meaning”. Well played!

    “Compared with previous projections, our revised base case scenario now assumes 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.”

    And here’s more from S&P’s statement, which you selectively quoted:

    “We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process.”

  • Anonymous

    Fareed just gave a staggering statistic …. 80% of legislation has been filibustered by Republicans in these first 2 years of the Obama administration.  80%!!!!

  • Michelle

    Because the legislation purposed by this admin sucks!! 

  • Anonymous

    Too bad they couldn’t get to 100% and save our credit rating and interest rates.

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

    Just what were the lessons of 1937? 

    It seems to me that it was WWII that brought this country out of the Depression, although the incredible deficit spending and WPA projects made the Depression more tolerable for many Americans they did little to position our economy for sustained growth and emergence from the economic downturn that continued until the free world geared up to fight the Axis powers.  As we turned our attention to the predictable war in Europe and focused on the war efforts of building of the weapondry, ships, and aircraft to support the war we began to see growth in our economy, after the war we were the only industrialized economy that had not been devastated by the bombing campaigns of WWII..  That more so than anything else is what propelled us back to prosperity…

    Although there were some great accomplishments made during that time, most notably the Hoover dam and the TVA, there was also a great deal of legislation passed some of which has served us well such as Social Security Act, and others, but the new deal also gave us legislation that allowed for tremendous the expansion of Federal scope and powers that many would argue have been abused by our politicians for their own reward, it gave us farm subsidies that pay farmers to not grow crops, removed the gold standard which backed our currency and has since allowed for the government to tax us at will by simply printing money….  What is clear about the lessons of 1937 is that the Keynesian policies of FDR did not end the Depression, we can thank Hitler for the salvation of our economy..

  • Michelle

    If you want to live in socialist Europe, then move there. 

  • Anonymous

    Everybody gets laid all the time, they’re children are geniuses, they’re grass is always green and they all own 2 businesses on the Internets.

  • Anonymous

    but …
    but …
    but …
    somebody tweeted it so it must be true.

  • Anonymous

    Health Care, tax structure and the NLRB.

  • Anonymous

    Don’t forget deep cuts to the EPA, FDA and FAA …. we don’t need no stinkin’ regulations.  Safety is for for wussies!

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

    RAW?  Really?  A highschool leftwing blog site…

  • Anonymous

    Michelle

    If you want to live in socialist Europe, then move there

    Nah, we’d rather stay here and fight to keep the right from turning OUR country into Somalia.

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

    Well, we all know where the Daily Kos, Media Matters, CNN, LSDNC, etc get their talking points.

    Cough, White House, cough.

  • Anonymous

    This is the attitude the American people love.  That’s why the latest poll shows the TP approval rating at 18%.

  • Michelle

    George Will Takes on Former Obama Administration Official for Calling Tea Partiers ‘Terrorists’
    Read more: http://newsbusters.org/blogs/noel-sheppard/2011/08/07/george-will-takes-former-obama-adminstration-official-calling-tea-par#ixzz1UMjkLMtv

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

    It costs business over $1 Trillion dollars a year to maintain the records for the government regulations.

    Does that cover it? 1 Trillion seems to be a big number.

  • Anonymous

    How do you filibuster with only 40 seats? Dems had 60, enough to envoke cloture. You are almost as dumb as the elephant jockey you are quoting.

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

    Civility, right on q.

  • Anonymous

    There is ample evidence that the massive employment resulted from stimulus spending, reducing unemployment from 25% in 1932 to 10% in 1936 for those who chose not to reject the empirical data because it conflicts with their worldview. As there is that FDR’s premature cutting back on it in 1937 in giving into conservatives caused a second downturn.

    That downturn was indeed overcome finally with massive Keynesian spending in WWII, followed by more stimulus like the G.I. Bill and Eisenhower’s highway system in later years.

    Conservatives disagreed with it at the time and have continued pooh poohing the results ever since, that hasn’t changed at all with this latest round of austerity frenzy.
     

  • SNAPTIE

    Sen. John Kerry (D-MA) on NBC’s “Meet the Press” and Obama campaign adviser David Axelrod on CBS’ “Face the Nation” lead a new propaganda push against the Tea Party movement.

    First they were “astro-turf”, then racist, then stupid, then violent, then dangerous, then terrorists, and now  they’re responsible for the S & P downgrade even though the Tea Party was pushing for the exact entitlement reforms that would have avoided the downgrade.

    It’s obvious that the Democrats and White House are fearful that the president will be blamed for the unprecedented downgrade of America’s bond rating

  • Darladoon

    here’s an example of a “talking point”:

    “we think the well-to-do should pay slightly more in taxes, so as to help
    reign in the deficit”

    the existence of the tea party is to shield the upper class from further tax burden,
    and to, by extension, crush the poor and destroy unions. 

    AND cannibalize the planet

     

  • DeVoid

    wrong boy stupid  one is damaging than the other,  that is the point.   Get out of your failed public school and learn something.   Grow up and dont be like your ;parents.

  • DeVoid

    Let’s see if this HACK Mediaite will post what Greenspan said ON THE SAME SHOW. Democrats all winced, made faces and crapped themselves. Lets see if this site is honest.  Greenspan was citing IMF study/report in his arguement. You should of seen the Dems faces. Taxs cuts dont hurt as much as increased spending.     For the liberally  retarded  Tax cuts have a better return with less negative efffects.  Alan…..Greenspan on Meet t he Press. T o d a y.     

  • DeVoid

    that right …the missing money will just go to the debt.  Typical liberal loon handout thinking.  Nothing is for free child, somebody pays.

  • Anonymous

    Always the dependable racist.

    Seems you don’t understand what a filibuster is.

  • Michelle

    Actually, Obama’s disapproval rating is higher than the TPies, according to a recent NYT poll.  TP disapproval 40% and Obama’s 47%.

  • Michelle

    They are pretending they didn’t hear that, right Matty!

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

    Thank you George Will for stating the obvious, S&P is the same agency that gave mortgage backed securities triple A ratings and didn’t bat an eye, and Will is right to point out this is S&P’s way of making a political statement against America and really nothing else.

    I was amazed yesterday to see those on the right agreeing and championing the S&P downgrade as if this is somehow going to make the President look worse than he already does on the economy. I guess I shouldn’t have been amazed, the teabaggers have long established themselves to put their party over the country and a belief in the United States Of America. They believe in winning elections and little else, Unamerican to the core.

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

    And you can bench press 300 lbs, your run marathons, you don’t have to wear deodorant and your wife is Ru Paul.

    We know.

  • Anonymous

    Israeli Stock Market Plunges in Response to US Debt Crisis
    http://www.voanews.com/english/news/Israeli-Stock-Markets-Falls-6-Percent-127087548.html

    The Obama market crash is underway.

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

    You mean the same Alan Greenspan who was one of the main instigators of exploding our economy? You are funny.

    It Really Is All Greenspan’s Fault

    Susan Lee,
    04.03.09, 12:01 AM EDT
    Ask John Taylor …

    It’s been quite a spectacle for those who have followed Alan
    Greenspan’s career for decades. Gone is the financial rock star or even
    the statesman testifying before Congress in a measured baritone.
    Instead, over the past several months, Alan Greenspan has morphed into a
    totally new person. The first incarnation was the shaken
    Greenspan who was stunned that greedy and reckless short-term behavior
    could overwhelm long-term, rational self-interest. That was rather
    amazing all by itself. But now, there’s a newer Greenspan–a decidedly
    prickly and whiny one.
    I’m talking about Greenspan’s recent op-ed in The Wall Street Journal. A 1,500-word attempt to move blame for the financial crisis away from himself and onto … China.

    http://www.forbes.com/2009/04/02/greenspan-john-taylor-fed-rates-china-opinions-columnists-housing-bubble.html

  • Anonymous

    The Obama downgrade market crash is underway.

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

    No I am sure they heard it and were trying not to laugh, I heard it and I am still laughing. Alan Greenspan????!!!! Bwahahahahahahaahahahaha!

    They could have at least thanked him for our exploded economy.

  • http://www.facebook.com/profile.php?id=1275435195 Dennis Chimelis

    Facts aren’t important, how they are interpreted and who is interpreting them ultimately is.

  • DeVoid

    I know its so hard to believe that people work 7 days a week to get ahead.  Just like LIBERALS losers to attack the working man paying the bills

  • DeVoid

     Child I moved out at 18 to serve my country , then school then 2 business.  I know HS school and limited education chatter when I hear it.  See their knowledge then theres wisdom from seeing the world and owning businesses.  Called reality.

  • Anonymous

    You have given us a perfect example to validate dismantling and reforming our educational system that has betrayed you and made you believe what you just wrote. Thank you.

  • Anonymous

    Also keep in mind that the “mainstream” media promotes Obama in an activist role, while at the same time they’ve been slandering the Tea Party as racists for two years and now terrorists…and yet Obama has a higher disapproval rating than the Tea Party, as you’ve mentioned.

    And 41% of Americans call themselves Conservatives; 22% call themselves Tea Partiers and 20% are leftist nuts who call themselves Liberals because their too afraid to come out and say that they’re socialists who hate the foundations America was built on.

  • Anonymous

    Good thing it’s Sunday, and that means 4 hours of golf for Obama! 
    He’s exhausted from jetting all across the country attending the week long Barackapalooza Celebrity Extravaganzas.

  • http://pulse.yahoo.com/_NWUI6JH3KWIAFWIWHBZGHPFIN4 Cotton Picker

    The existence of the radical lefty democrats is to destroy the wealth producers and make everyone equally poor and miserable as per their commie plan.

  • Anonymous

    If this S&P downgrade could miraculously make politicians behave with more fiscal discipline it will have been a wonderful thing. I see the odds of that being fairly slim. Regardless of S&P’s poor credibility, I believe it will have political impact and that may be a good thing. We’ll just have to wait and see.
    The additional trillion in spending we’ve added in the last three years is indefensible in light of the negative value we got in return. It’s plain old bad arithmetic. Asking taxpayers to pay for the policies they opposed in the first place is tantamount to theft.

  • Anonymous

    Yeah, he’s out playing golf, and his wife is at home pack for the big bus tour.  The tour the taxpayers are paying for!

    Is his bus going to run on gas?  Natural gas? Electricty? Or just some of his “hot air?”

    It’s the Obama, “I feel your pain” tour; after all, I cause it, I might as well feel some of it!”

  • http://pulse.yahoo.com/_NWUI6JH3KWIAFWIWHBZGHPFIN4 Cotton Picker

    50% of households pay no federal income tax whatsoever, and a large portion of those get a big fat income tax credit check for taxes they never paid.

    This was all by liberal design, when you rob Peter to pay Paul, they can always depend on Paul’s vote.  The liberal’s outrageous Ponzi scheme would make Bernie Madoff blush with shame.

  • http://pulse.yahoo.com/_NWUI6JH3KWIAFWIWHBZGHPFIN4 Cotton Picker

    Obama and his sycophant minions whine he inherited the bad economy from Bush.  Obama also inherited a AAA credit rating from Bush, which the clueless Obama and dems have now squandered.

  • Anonymous

    It seems you don’t either.

  • Darladoon

    so raising taxes on millionaires makes everyone miserable?

    that’s “radical”?  so standard & poors is radical?

  • Anonymous

    Thank you for so ably providing the Republican rationale for attacking public education and demonizing teachers, so that the young can have the conservative version of history taught to them, thereby creating more economically illiterate Tea Party dupes to further the interests of the rich and powerful to the exclusion of everyone else.

    At least you’re honest about and haven’t tried hiding the true animosity Republicans have towards an educated electorate.
     

  • Anonymous

    Stop the blame game…offer credible solutions…

  • Anonymous

    S&P is way down there wih Barack Obama &  libs in general for heaven’s sake.

  • Anonymous

    Ya, I saw that over on Fox Nation with the headline Obama more unpopular than the TP.  I’m sure they counted on their readers not reading the article itself and just going with the headline … just like you.  Because if you read a bit farther into the article you will see their approval ratings.
     
    Obama approval 48%, the TP 20%.  At least we know your ethics matches Fox Nation.

  • Anonymous

    The S&P rationale does seem unnecessarily political.  I believe they cited “political uncertainty” which sort of plays right into the democrats complaint that the republicans are being obstructionist, and that by simply opposing Obama are hurting the economy.  Seems suspicious. 

  • Anonymous

    I learned your version first, then checked my premises as I was taught to do. I am not a Republican and I never demonize teachers since I have two respectable teachers in my family.
    It is an animosity toward bad education and the corrupt system.
    You need to check your own premises on the “illiterate Tea Party”, I did.

  • Anonymous

    Actually it seems that’s exactly what the Republicans are doing.

  • The Real Royal Emperor

    Except you conveniently ignore the fact that corporate America is doing very, very well at the moment. Is it denial or simple prevarication?

  • qwerty

    civility only works if it goes both ways

  • The Real Royal Emperor

    You are completely illiterate aren’t you?

  • The Real Royal Emperor

    You don’t give a tinker’s toot about our nation do you. Lie. Lie. Lie. All to support your warped ideology. I swaer I’venever known anyone for whom ideology trumps everything. Faith. Family. Country. evry day I thank God I’m not you.

  • The Real Royal Emperor

    And, you’ll throw the entire economy off the cliff W and Big D*ick were heading for at break-neck speed. Then, there won’t be any spending to cut. We’ll be in a complete Depression greater than the Republican/Hoover Depression. You really know nothing of economics do you?

  • The Real Royal Emperor

    You should talk, Michelle-in-Utah. But, no one is listening. No one ever listens to l;Idi*t who thinks wars are free.

  • The Real Royal Emperor

    “Might”? You’re very polite.

  • The Real Royal Emperor

    The phrase is “once in a while” Ms. Reading Comprehension.

  • The Real Royal Emperor

    The T-Partee Terrorists seem to be ignoring that remark.

  • The Real Royal Emperor

    Michelle-in-Utah will not be responding to that post, I am sure.

  • Anonymous

    Illiterate was not an accurate adjective, although some of the screaming at health care events might have given that impression. For that I apologize. If this is the animosity to which you’re referring, however, my view of their ideology remains unimpressed:

    “The founder of Tea Party Nation claimed liberal ideology is
    responsible for “a billion” deaths over the past century during a
    raucous rally here Saturday in support of one of the six Republican
    state senators facing a recall election Tuesday.

    “I will tell you ladies and gentlemen, I detest and despise
    everything the left stands for. How anybody can endorse and embrace an
    ideology that has killed a billion people in the last century is beyond
    me,” said Tea Party Nation CEO Judson Phillips.

    Phillips, who a day prior likened protesters of Gov. Scott Walker to
    Nazi storm troopers, urged a few hundred tea party supporters to turn
    out for state Sen. Alberta Darling, who is in a ferocious battle with
    state Rep. Sandy Pasch to hold onto her suburban Milwaukee seat.”

    Seems like “Godwin’s Law” is applicable, no?

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

    Right or wrong the S&P down grade helped move the debate from how much we spend to how much we cut.

  • Anonymous

    You don’t give a tinker’s toot about our nation do you. Lie. Lie. Lie. All to support your warped ideology. I swaer I’venever known anyone for whom ideology trumps everything. Faith. Family. Country. evry day I thank God I’m not you.

    Bleat , bleat , bleat . Moan , moan ,moan .This site now has an edit feature , FYI .TTFN

  • Anonymous

    Who can judge if you repubs are thinking for yourselves??

  • Anonymous

    What was I thinking?  Thanks lunar.

  • Glenn Bovine

    The Baboon Beck is ready to save them.

    Let not your heart be troubled.

  • Michelle

    Talking about unfavorables moron. His unfavorables are higher. 

  • Donald Guy

    Who are the 3rd graders that write these articles. They cannot still tell the grammatical difference between “its” and “it’s”. For goodness sake, “its”  (without appostrophe) is the pronoun. “its nose”  not “it’s nose”.

    If you cannot say “it is nose” then then the one you are looking for is the pronoun (its).  Take a look at the whole paragraph.  

    “Standard and Poor would have forfeited it’s good reputation, if it had a good reputation to forfeit these days. It having missed the entire mortgage-backed securities problem right under it’s nose. . . . They’re entitled to their opinion on our politics, but their opinion isn’t entitled to any particular respect.”

  • Anonymous

    Michelle alking about unfavorables moron. His unfavorables are higher.

    That the ticket!  It’s your dishonest point and you’re sticking to it!  No surprise here.

  • goelectronstore

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

    Apple mac books: $280- 520 

    Iphone 4: $260

    Ipad 64gb  wifi 3G : $250

    New Ipod touch 64gb: $120

    D ell Alienware M17x: $700 

    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 =======

  • Rob

    Christ almighty. You people never shut up. Give it a rest, would you? Trolls.

  • Green-Man

    We all know that S&P really  works for the Wall Street marketers that want volatility in the market to make profits.
     

  • Anonymous

    What happened to shared sacrifice? Shouldn’t people who currently pay no income tax at all be sacrificing?

  • Anonymous

    NLRB is keeping Boeing from putting 4000 people to work in high paying jobs. Interior is keeping 230K people out of work in Gulf oil drilling and support industries. Then there’s Obamacare, whose job killing numbers are spinning almost as fast as the debt clock. 

  • Anonymous

    NLRB is keeping Boeing from putting 4000 people to work in high paying jobs. Interior is keeping 230K people out of work in Gulf oil drilling and support industries. Then there’s Obamacare, whose job killing numbers are spinning almost as fast as the debt clock. 

  • Anonymous

    Shopping is not the answer.

  • Angelica NJ

    Yet you Repugs only agree when it is to your advantage.

  • Angelica NJ

    LOL, the Tea Party is made up of middle class social security recipients, and probably low income Red Staters, yet they think that by backing the BS fed to them by the Repugs they will get a better outcome for the future…come back to reality.  You are in the same boat as all the rest of the US.  The GOP sold you a bill of goods, and you are too stupid to realize it!  Wake up and smell that coffee…without money coming in, the bills can’t get paid!

  • Anonymous

    Seems like “Godwin’s Law” is applicable, no?

    Only if you have absolutely no idea what Godwin’s Law is.

  • Angelica NJ

    LMFAO…that is what the Dems have been saying all along. Stop the Bush Tax Cuts Now!

    Bring back the Clinton era tax rates NOW!

  • Angelica NJ

    Forgive them for they now not know what they talke about…why you don’t understand is that those 50% are making under the living wage…why would you want to tax people who are making less than $20,000 or less for a family a year, yet allow people who are making millions and billions to get off tax free? 

    If you had to live in poverty, why would you want someone like you, who has more, say they need to pay more, when they have NOTHING!

  • Angelica NJ

    This is for Cotton Picker…who I am sure never had to do that work at all!

    As to the others: Forgive
    them for they know not what they speak.

    What you don’t understand is
    what those 50% are making under the living wage. Why would you want to
    tax people who are making less than $20,000 or less with a family? Yet
    would allow people who are making millions and billions to get off tax
    free?

    If you had to live in poverty, why would you want someone
    like you, who has more, say they need to pay more, when they have
    NOTHING! 

  • Angelica NJ

    History will actually tell facts.  Obama inherited a failed economy, thanks to Bushs tax cuts and his two bullshit wars, that we could not pull out of.  And also thanks to the GOP filibustering and obstruction in the Congress and Senate where he tried to revive it, but failed because of the GOP & Baggers.  That will not be some fiction the GOP has conveniently woven, but an actual account of what actually happened.  I know you Repugs & Baggers have other thoughts, but it’s a bitch to bullshit your way around the truth.  Ask the Nixon Biographers, they are still trying to make his Presidency legitimate!

    And Btw, as to the phrase: How’s that hope and change working out…that was done by ad nauseaum, by your failed Alaskan candidate.

  • Angelica NJ

    LOL, tell that enough times and all the Faux News advocates will believe you!

  • Angelica NJ

    Kinda like fact: The person who sets the fires, (GOP-BUSH)  is responsible and should be blamed. 

    What kind of fire department do you work for?

    Got to love this GOP/Baggers who blame everyone else, but the fire starter! 

  • Angelica NJ

    You all are heartless.  Yes let’s cut the “entitlements” from the poor, but not from the rich…

    Tell that to your Dad, Mom. Uncle, Aunt, Grandma, Grandpa who have paid into the Social Security and medicare all their lives.  Tell that to your neighbors who are now unemployed,  by no wish of their own, and are now in the lower “non-tax paying bracket”, what will you do to help out..Oh I know, turn your back on them, as the GOP has done.  You should be able to sleep soundly now….

    Too bad the real Christian thinking folks didn’t think of that in the 30′s, maybe you wouldn’t be here too!

  • Sick of BS

    That was one of the stupidest comments I’ve seen on the boards – congratulations!

  • Anonymous

    That’s going to be a tough sell,since its those same,”businesses”,that have enjoyed 10 full years of Bushy tax cut’s meant to,”help the job creators”,only to have those very same businesses continuing to lay off tens of thousands of workers every month,perhaps,no one is buying their products,could it be due to so many laid-off workers with no money to spend on goods and services that has business’ profits falling,Hmmmmm?

    What will happen to all of those,”job creators”,when no one has a job,bankruptcy,taxpayer bailout’s,what?

  • http://pulse.yahoo.com/_ZDWSFDW7RQFH4EEKAK6T7CIP5A DennisW

    Yeah, like there wasn’t already a plan in motion.

  • Anonymous

    After Standard and Poor downgraded the U.S. credit rating, the experts forecasted that there would be a rise in interest rates. At first, however, interest rates fell as investors continued to seek out U.S. Treasury Bonds despite the downgrade.However, now it appears as though interest rates may start to rise… Who knows what will happen next?! http://www.gmacmortgage.com

© 2012 Mediaite, LLC | About Us | Advertise | Newsletter | Jobs | Privacy | User Agreement | Disclaimer | Power Grid FAQ | Contact | Archives | RSS RSS
Dan Abrams, Founder | Power Grid by Sound Strategies | Hosting by Datagram