So, Barack Obama took to the airwaves again to reassure the American people and, not least, the world’s investors that the United States (as the AP reports it) “always is and has been a triple-A country.”
No, I don’t know how to parse that either. Is it supposed to be like nunc stans of a mystical experience or God’s view sub specie aeternitatis?
Or maybe it’s just nervous blather?
But how about this:
Obama said financial markets around the world “still believe our credit is triple-A. I and the world’s investor’s agree.”
There’s one tiny problem with President Downgrade’s declaration. “The world’s investors” seem to disagree. How do I know? One clue is the behavior of “the world’s investors,” evidenced, for example, by the behavior of the stock market, which as I write is down another 500 points. [[ UPDATE: Oops! make that more than 600 points: it took a while for the President's words to sink in.]] (Thanks again, Barack! Boy are you ever spreading the wealth around.) It was down about 300 points a bit earlier, but, as the Durdge Report put it, “It tanked while he talked.”
And where’s Barney “Mr. Fannie Mae” Frank? How often has he said that the “alarm” over the condition of Fannie Mae and Freddy Mac is exaggerated? Oops, “the world’s investors” disagree about that, too. S&P just downgraded both entities, among other companies.
Do you want to recapture America’s triple-A rating? How about instituting some growth encouraging policies for a change? For a start, dismantle the EPA: its chief effect is not to save the environment but to act as a politicized job-killing albatross. Then, stop talking about raising taxes on everyone and everything. Sure, you could, and should, listen to Glenn Reynolds about some of the folks that need to be paying more taxes (really: don;t miss this: “Why the GOP should give Obama the higher taxes he wants“). But you want to get the economy going, right? You need a new narrative, brother.
At least King Canute didn’t actually think the tides would obey him. This guy…
There is absolutely nothing Obama can do at this point about the economy or investor confidence.
The world of smart people, investors, money managers, financiers knows that he is a liar, a perpetual liar. Nothing he can say or do will change their minds because a handful of actions can not disprove three years of lies and actions designed to transform the world’s largest free market into a command and control economy.
The words are on the blackboard now and even the most committedly leftist money managers know the truth. He won’t do anything to encourage free enterprise in any way.
There will be blips and shreds of good new here and there, but until it is clear that he will be booted out of office in 2012, the economy will sink and the markets will follow.
“There is absolutely nothing Obama can do at this point about the economy or investor confidence.”
You’re wrong…. “I, Barack Obama, unambiguously the WORST president the United States has ever had, do hereby resign this office effective immediately….”
But I would point out your query specified things Obama CAN do, not WOULD do.
A bit like the scene from “Blackadder Goes Forth”:
Gen. Melchett: Field-Marshall Haig is looking for a new way to cheer up the troops.
Capt. Blackadder: His resignation and suicide would seem the obvious suggestion.
Obama isn’t the disease, only the symptom. The illness that our Republic suffers from is leftism. There are, amongst us, ordinary Americans who either believe in Marxism, its analogues and synonyms, or who have no real beliefs of their own but are being manipulated by people who do believe in these abominable notions.
Our national nightmare will only end when the vast majority of our people are cognizant of leftist ideas, and wholly reject them.
Our nation is hurtling head long towards ruin, and people like Obama are working hard to take us there more quickly, but only because enough Americans are fooled into voting for them.
Obama isn’t the problem, the people who vote for him and for people like him are the problem. Unless and until they change their ways, the nightmare will continue.
Hear Hear !
It may seem ironic, but Treasuries have been rallying throughout the day. Indeed, the 10 year hit its lowest yield/ highest price since (believe it or not) Jan 16, 2009, in the midst of the last recession and just a few days before the One was crowned.
But this rally is a flight to safety in a market that is convinced we’re sliding (we’ve already slid?) into a new recession. The market sell-off today has been broad and deep. Oil is lower today than any time since November 2010. All the major indexes are off between 4% & 7%. The volume is enormous. Losers are out-pacing winners 50-1 on the NYSE. Gold is gonna close over $1700, following a $60+ rise on the day.
First, we have the Obama Downgrade, now we have the Obama Crash.
Here is how I would parse that statement…
“…always is and has been a triple-A country” = “Who do you believe, ME, or your lyin’ eyes?”.
Look at the morons who are carrying his water: John Kerry the billionaire dimwitted senator from the peoples republic of Massachusettes;David Axelrod the shifty amoral chicago politician, and Chris Mathews the rich preppy kid from the Philadelphia suburbs who has never had a real job in his life. In fact the Obama god president is surrounded by an array of parasitical Americans who have never earned an honest dollar in their small minded lives.
Anyone remember other words to describe, other than billionaire, John Kerry and his like, e.g. Arianna S. Huffington, their fortunes gained through marriage. Do the words gigolo and gold-digger still have resonance? Both “democrats” and fine examples of real intelligence. And of how to spend the billions gained. Who could possibly be their mentors / guides / teachers?
No matter how hard Mr. Obama blows, Wall Street isn’t gonna dance to a socialist’s tune.
Then why are they continue to pay for his re-election?
The fraud that is leftism went from shapeshifter in 2008 to blameshifter in 2011.
Obama and the “redistributionist” posse of fools that surrounds him have blamed the failure of Marxism on The Arab Spring, the European fall, the Japan earthquake, the Tea Party, George Bush, the Republican house, global warming, corporate jet owners, “the rich”, Billy Sianis’ goat, el Nino, la Nina, and the heartbreak of psoriasis.
The reckless spending, the waste, fraud and abuse, the failure to pass…or even seriously address a budget for 800 days of golf and vacationing, the apology tour, the strangulating red tape and open hostility toward capitalism, small business and Middle America…merit not even a cameo appearance in the Marxist charade perpetrated by the Democratic Party and their propaganda tools.
Marxism shoved down the throats of an unwilling and unwitting electorate, with its capitalism killing intent now barely shrouded in lame excuses, alibis and coverup….”redistribution” has reared its ugly head in all the things that flow naturally from the assassination of free market, constitutional democracy.
The crash of Wall Street is a feature, not a bug. Tearing down the Pentagon, shredding the Constitution. blowing up the economy….would Soros or Ayers have it any other way?
Reckless and feckless as they may be…the small c communists want first and foremost to take America down a peg or ten..AND…to wipe away the smirk of capitalism and hyperpower it has held for so long. Michael Moore, Sean Penn, and the slime that make up our mass media…have been tearing at our flesh for quite some time now.
The Marxists are message kings. Our “protectors”…the Republicans…have played the fool in this message game. They are weak and futile in response.
How can a President and his minions and lackeys in the legislature propose NOTHING, save an inane $10 TRILLION dollar drunken spending spree with NO cuts…and still get away with blaming the very people who merely pointed at the obvious problem?
We are at war. The Marxists have declared it and we fiddle while the economy burns. They are tearing our land apart and we tsk-tsk and tut-tut.
We refuse to wake up. We refuse to be called “extreme”…by radical extremists. We are at war with our mass media. And the Marxists are winning.
I wouldn’t be that despairing. Reality always, admittedly with a fight, trumps fiction.
The left lives within a fictional realm. And Obama, who is not merely a socialist, but psychologically pathological as a clinical narcissist, lives in his own bubble of ‘virtual reality’ made up only of His Words. Reality is not allowed within this bubble. He’s getting more and more desperate to keep reality out – and his pathology means that he’ll get more vicious, malicious and totalitarian.
So- it’s a fight. So far, no Democrats have the spine to stand up to him, but surely, they can’t all be ‘stuck on stupid’.
And all this publicity – and the external world of ratings and markets has created this publicity – has battered both the socialist/Democrat Washington bubble, but Obama’s coccoon. And, more and more of the public are aware of these situations.
As you note, awareness isn’t enough. Obama, when threatened with the loss of his power and any intrusion by reality into his safe coccoon – will turn vicious. And, he’ll take out any Democrat who confronts him. And – of course – he’ll use all his govt resources against the commonsense Americans who reject his totalitarianism.
So- it’s a fight, no doubt about it. But more and more people are aware of it.
Affirmative Action?
memo to obama:
“mene mene tekel upharsin”