We have states for a reason.

 

Standard and Poors downgrades, suddenly finds itself in a government investigation.

Chicago strong-arm politics at its finest.


I suspect that a reprisal "investigation" of the next rating agency isn't going to fool anyone this time.  And I DO believe that even among his supporters, he will have used up his "goodwill."



–– John

This is the absolute truth, even though many here don't want to admit it. The only solution I see is hitting the reset button. Get ready for hell.

Let's see.  Under Bush, we had two wars, No Child Left Behind, Department of Homeland Security, and Medicare Part D.  Prior to Obama, we had had Republican presidents for 20 of the last 28 years.  Over that time, the deficit went from $1 trillion to over $10 trillion.

The democrats have only "controlled everything" for 4 of the last 32 years.  That's it.  Both parties are worthless and both deserve the blame.

The idea that Republicans are "fiscally conservative" has about as much truth to it as the "democrats care about the little guy".  Both slogans are complete bullshit.  Only those blinded by partisan allegiance can fail to see the truth.  If only they would step back, they would see that both the left and the right are mere puppets, controlled by a single master.

Both parties are responsible.  Both parties voted to get rid of  the Glass Steagall Act.  This allowed for derivative trading which created the financial mess we're in.  Both parties pushed NAFTA through. It was conceived during the Reagan Administration and could not be pushed through by Bush.  It sailed through under Clinton.  Free trade backfired on the middle class when their jobs got exported to the third world nations.  The big winners were the multinational agricultural corporations.  They wiped out a small Mexican farmers who then immigrated illegally to the US to seek work (so they can feed their families).  Over 11,000,000 middle class production jobs were lost because of free trade.

Both parties also voted for TARP which transferred the burden of private debt onto the American taxpayer.  Why should we the people cover the losses of investors who invested poorly?  They didn't share their profits when they were making it?  Second, the removal of Glass Stegall allowed banks to shift their bad investments over to their savings, giving investors dibs on the cash in most folks savings accounts.  Granted that FDIC will bail out the little guys if the investors clean out the bank, but guess who will be funding the FDIC in the end?  Same people who will be paying for Freddy Mae and Fannic Mac and Sallie Mae –– We the People.

Remember that both parties are bought and paid for by Wall Street.  That's why our congress critters vote in their interests (as if TARP was in our interest).

What

The

Heck?!

I told him that leasing rims was a bad idea.



 

California

 

Well this would suck for the stock market.  And for the USA as a whole.  

Hope they are wrong.

he's lolling at your inferior neckbeard.

actually I think he's non-plussed with Obama's laughs at destroying the economy.

pic found on 4chan.  Since there may never be an appropriate time to post it, I felt it best to use it as a reponse to a laughing Obama.

Amen.

And a Hallelujah!

And this is why:  1. It will fail, nobody can gain a consensus on a a fix, not that any of the fuckers really know what they are doing anyway, and 2. The best we can hope for is that some small piece of the American Idea survives, the nation will not. Tribe comes before nation state.