As the Obama Recession Continues, Down Grade of US Credit rating … Barack Obama Plays Golf

Unbelievable, President Nero Obama plays golf while the American economy burns … What is wrong with this President? Seriously, I am beginning to think Obama has serious mental issues, or he just does not give a flying rats butt about America. The United States has never had a more out of touch president. Former President  Bill Clinton used to say “he felt our pain”, Obama could care less.

President Barack Obama, a Democrat, enjoys spending time on the golf course on Andrews Air Force Base, which is nearby Camp David. Regardless of circumstances, Obama loves to play golf. The U.S. stock exchanges are plunging and the S&P has just downgraded the credit rating of United States federal government debt. So, how does the President respond to recent developments of the Obama Depression? He plays golf.

For the first time ever under any US President, America’s triple A credit rating was downgraded by S&P. Prior to that the US markets suffered a 500+ point implosion. The unemployment rate continues to by greater than 9% and the GDP is beyond anemic. Now S&P warns that there might be a second downgrade.

Yet another round of golf while the American economy implodes. What’s the matter, was there no fund raiser to attend? Soon to be announced will be another vacation for Obama. After all, he has done so much hard work destroying the US economy, I guess he feels he has earned it.

It is obvious that that America will never turn around until Obama is out of office.

Best line of the Obama golf obsession comes from Doug Ross, “Neither rain, nor snow, nor market declines, nor debt rating downgrades, nor chopper crashes shall keep President Obama from his tee time”.

The US has Not Felt the Effects of the First Credit Downgrade … S&P Warns of Second Downgrade

SAY GOODBYE TO THE US NANNY STATE ONCE AND FOR ALL …

Good grief, the United States and US markets have yet to feel the effects of the first credit rating downgrade by the S&P and now the credit rating agency is already warning of a second downgrade. I guess this can be considered a second shot across the bow just in case that politicians in Washington, DC did not take notice of the first one.

One day after lowering the nation’s platinum triple-A credit rating, Standard & Poor’s analysts warned Saturday that the U.S. government could face a second downgrade if the economy continues to struggle and the government fails to make the cuts outlined in the debt ceiling agreement.

The ratings agency on Friday downgraded the nation to AA+ for the first time in history, saying partisanship in Washington is preventing dramatic deficit reduction.

S&P managing director John Chambers told reporters on a Saturday conference call that the toxic mix of a listless economy and political infighting will cause government debt to grow.

At some point politicians are going to have to care about the fiscal future of the United States rather than their next election and who has power in the House, Senate and Presidency.  The days of out of control spending are over. The US Nanny state government can no longer be all things to all people. It is not only waste and fraud that has to be corrected withing government spending, its whether certain departments and services are even required any longer.

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Mike Huckabee Says Donald Trump Should Replace Treasury Secretary Geithner as US Credit Downgraded

Calls for Treasury Secretary Geithner to resign, but who should replace him?

As the US economy flounders, continues to be an abysmal failure and the US credit rating for the first time ever was downgraded by S&P, there are calls by many for the Treasury Secretary Tim Geithner to resign. GOP Presidential candidate and House Rep. Michele Bachmann has demanded that Barack Obama ask for Geithner’s resignation. Bachmann had voted against the debt limit bill that virtually did nothing to control spending and deal with the paying down the debt. Add US Senator Jim DeMint (R-SC) to the list as well.

VIDEO Hat Tip: Gateway Pundit

“This president has destroyed the credit rating of the United States through failed economic policies and his inability to control government spending… President Obama is destroying the foundation’s of our economy one beam at a time. I call on the president to seek the immediate resignation of Treasury Secretary Tim Geithner and to submit a plan with his list of cuts to balance the budget this year, turn the economy around and put our people back to work.”

It is obvious that Barack Obama, Tim Geithner and the rest of “The One’s” economic teams policies, philosophies and agendas have failed in a major way. So much that most all of Obama’s economic team has left office. Even Obama’s former economic adviser Christine Roemer has stated that we are “pretty darn F*CKED”. Geithner is one of the few original economic advisers that remain from Obama’s original clan, it is time for his misguided ways to go. Remember back in April 2011 when Geithner said, as reported at The Hill, “there is no chance that the U.S. will lose its top credit rating.” He could never have been more wrong.

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Former Obama Economic Adviser Christina Romer Chuckles at S&P Downgrade of US Credit Rating … “We’re F*cked”

Doesn’t this speak volumes of the Obama Administration and those that were put in charge of the US economy.

During an interview with Bill Mahr, former Obama economic adviser Christina Romer chuckled at the S&P downgrade of the US credit rating and said,“We’re F*cked”.  Nice, this from an individual who was originally part of Obama’s economic team that was supposed to fix the economy and get Americans jobs. Many of us knew we were “F’d” the minute that Obama became president.

Click on pic to watch the VIDEO

Transcript from NewsBusters:

BILL MAHER, HOST: So, excuse my language, but we used to do a segment on this show called “How F—ked Are We?”

(VIDEO CLIP)

MAHER: I didn’t expect that there. This, just before we went on the air they said our rating got downgraded.

CHRISTINA ROMER, FORMER CHAIR OF THE COUNCIL OF ECONOMIC ADVISERS, OBAMA ADMINISTRATION: So, pretty darned f—ked.

[Laughter and applause]

MAHER: Ooh.

ROMER: I’ve been hanging around Tim Geithner too long.

[Laughter]

MAHER: Why, does he swear like a sailor?

ROMER: Oh, like a seventh grade boy.

Remember when Roemer said that the “Fundamentals of the US Economy Are Sound?” Just curious, had Barack Obama got his initial wish of a clean debt ceiling bill, raising the debt ceiling without any conditions, it would seem that the S&P also would have downgraded the US anyways.

More Obama Hope & Change: S&P Downgrades US Credit Rating for First Time Ever … AAA Rating Now More

President Barack Obama proves once again he is historic.

Not only is S&P expected to downgrade the US credit rating, they have done so. Thanks to Obama’s socialist spending, lack of leadership in the debt ceiling debate and a complete disregard to pay down the United States out of control debt … Standards and Poor’s, S&P, has downgraded the US’s credit rating. Is it really a shock seeing that the deb ceiling deal that once again raised the US debt limit did nothing substantial to cut spending or deal with any long term strategy to real in the out of control federal deficits.

Standard & Poor’s announced Friday night that it has downgraded the United States credit rating for the first time, dealing a huge symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system.

Lowering the nation’s rating one-notch below AAA, the credit rating company said “political brinkmanship” in the debate over the debt had made the U.S. government’s ability to manage its finances “less stable, less effective and less predictable.” It said the bi-partisan agreement reached this week to find $2.1 trillion in budget savings “fell short” of what was necessary to tame the nation’s debt over time and predicted that leaders would have no luck achieving more savings later on.

The decision came after a day of furious back-and-forth between the Obama administration and S&P. Government officials fought back hard, arguing that S&P made a flawed analysis of the potential for political agreement and had mathematical errors in its initial analysis, which was submitted to the Treasury earlier in the day. The analysis overstated the U.S. deficit over 10 years by $2 trillion.

See S&P pdf. HERE. DOWNGRADED!!!

Barack Obama puts the “POOR” in Standard & Poor’s. As reported by Reuters, United States loses AAA credit rating from S&P. Barack Obama has finally got his wish … he has destroyed the US economy.

S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about the government’s budget deficits and rising debt burden. The move is likely to raise borrowing costs eventually for the American government, companies and consumers.

“The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics,” S&P said in a statement.

VIDEO Hat Tip: FOX News via Hot Air Pundit