Larrry said:
You as a RACIST are the only one who could see it that way. I guess there is no use in telling you again it is downgrade obamas agenda that conservatives don't like, because you won't be able to understand AGAIN.
Obama adviser blames tea party for downgrade
© 2011 The Associated Press
Aug. 7, 2011, 12:11PM
WASHINGTON — A top political adviser to President Barack Obama is blaming the downgrade of the U.S. credit rating on tea party Republicans, whom he says were unwilling to compromise on how to reduce the federal debt.
Obama campaign strategist David Axelrod tells CBS' "Face the Nation" on Sunday that the decision by the Standard & Poor's credit agency to downgrade the U.S. from AAA to AA+ for the first time was strongly influenced by weeks of standoff between Democrats and Republicans over the debt.
Axelrod calls the action, in his words, "a tea party downgrade" and says it's clearly on the backs of lawmakers who were willing to see the country default to get their way.
Axelrod also criticized GOP presidential candidates for not speaking up in favor of compromise.
Read more: http://www.chron.com/disp/story.mpl/ap/washington/7686937.html#ixzz1UO2RS1Q4
Research Update:
United States of America Long-Term Rating Lowered To 'AA+' On Political Risks And Rising Debt Burden; Outlook Negative Primary Credit
Analyst: Nikola G Swann, CFA, FRM, Toronto (1) 416-507-2582;
[email protected] Secondary Contacts: John Chambers, CFA, New York (1) 212-438-7344;
[email protected] David T Beers, London (44) 20-7176-7101;
[email protected]
snip...
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.
snip...
http://www.standardandpoors.com/servlet/BlobServer?blobheadername3=MDT-Type&blobcol=urldata&blobtable=MungoBlobs&blobheadervalue2=inline%3B+filename%3DUS_Downgraded_AA%2B.pdf&blobheadername2=Content-Disposition&blobheadervalue1=application%2Fpdf&blobkey=id&blobheadername1=content-type&blobwhere=1243942957443&blobheadervalue3=UTF-8
scroll on down and see for yourself, this just in Houston, Texas, page after page of greed, and tax cuts for the rich. multiply that by city after city, state after state, much of our problems solved. it's time for the working men and women to stand tall and say NO MORE, not off our backs, the rich need to pay their fair share of the taxes too. ...
http://fuelfix.com/blog/2011/07/25/want-to-find-out-who-makes-the-most-find-out-here/
http://www.huffingtonpost.com/social/Terry_S_Singeltary_Sr/john-boehner-debt-ceiling-plan-republicans_n_908343_99045241.html
TSS