Obama – No Reaction To USA Credit Downgrade
Although Obama was notified Friday before leaving the White House that our credit rating was being downgraded, he slunk out quickly heading for Camp David for R & R after his big birthday bashes.
Obama is hiding out as usual, letting Democrats in the White House fend for themselves as they try to explain away the Standard and Poor’s downgraded credit rating. The Democrats verbally attack Standard and Poor’s decision, saying it was a political move, adding that Standard & Poor’s made about a 2 trillion dollar mistake.
Democrats once again refer to Republicans as the roadblock party who refused to allow tax increases. Most Democrats still hang onto the false ideology that we can spend our way out of debt.
Boehner and some other Republicans threw the blame right back in the DEMS’ lap, so now that the blame has been passed around once again, Americans are left out in the cold.
As is his style, Obama refuses to man up to the existing problems by merely walking away from yet another economic crisis. Looking back on his speeches this week, they’re just the canned speeches of his 2008 campaign, basically saying we must create jobs and grow the economy.
In closing, he always throws the ball back into the Democrats and Republican’s court, telling them to fix the problems and put aside their differences. He’s just too busy campaigning to be bothered with America’s economic problems; his eye is on the 2012 Presidential ball and come hell or high water, he will continue his 2012 Presidential Campaign.
None of us should really be surprised that Standard & Poor’s downgraded our credit rating. They notified the White House in April 2011 that our fiscal house was in disarray and we could expect a downgrade, if we didn’t repair it.
During the debt ceiling crisis, Standard and Poor’s suggested reducing the deficit by at least 4 trillion, but no one including Obama, Geithner, Republicans or Democrats took heed to the warning.
Possibly Congress will take this downgrade seriously and immediately start balancing our budget – if they would remove the strangle hold big Government has on businesses, repeal Obamacare and lower taxes a healthy environment for all businesses would be created allowing them to expand, grow and hire.
Steve Wynn pretty much spoke for the business world in the USA. He states that businesses are sitting on their money, because they are afraid of the Obama Administration due to the weird political philosophy of the President of the United States. He refers to the present Administration as the greatest wet blanket to business and job creations in his lifetime due to excessive regulations, healthcare and redistribution.
February 5th 2011, Donald Trump said, “the U.S. government is broke, that all of our jobs are being shipped overseas, that other nations are taking advantage of us and that the value of the U.S. dollar is being destroyed.” He suggests that Obama’s Middle East policies are terrible and we’re just a whipping post for other countries.
Donald said, no one communicates with the 12 men running OPEC and that’s a disgrace to let a few men regulate our oil prices. He closes by saying,” I love our Country and hate what’s happening to it.”
Home Depot founder Bernie Marcus says, “The president hasn’t the faintest idea of how jobs are created, but businessmen are intimidated into silence about the administration’s faulty policies.” “In my 50 years in business, I have never seen executives of major companies who were more intimidated by an administration.” Commentary, July 21, 2011, Jonathan S. Tobin.
Bernie continues, “His speeches are wonderful. His output is absolutely, incredibly bad. As he speaks about cutting out regulations, they are now producing thousands of pages of new ones. With just Obamacare by itself, you have a 2,000 page bill that’s probably going end up being 150,000 pages of regulations.”
When CEO’s like Forbes, Chamber of Commerce, Boeing’s Jim McNerney, Intel’s Paul Otellini and 3M’s George Buckley all express the same sentiments as Steve Wynn – Obama and his Administration should start listening and stop dictating.
We’re in a vicious economic circle – businesses are stagnant, consumers have lost confidence and the Government just continues repeating the same mistakes. We can’t spend our way out of the economic crisis!
May God Bless America