Stock Markets Drop 634 Points, Economy in the Edge and Barack Obama Attends Fund Raisers

BARACK OBAMA TRULY IS AN OBAMANATION … NOTHING GETS BETWEEN THE ONE AND A FUND RAISER … PRIORITIES.

Last week for the first time ever S&P lowered the US credit rating from its AAA rating and Obama said nothing. Over the weekend helicopter was shot down in Afghanistan killing 31, including 25 US Seal Team 6 heroes, the deadliest single incident  US loss since the war began and Obama said nothing. Stock markets across Asia and Europe were collapsing based on Friday’s S&P downgrading and Obama said nothing. Yesterday, the US stock markets were down 400 points when Obama finally decided to come out of hiding and addressed America. Then Obama spoke and there was a crashing thud as the markets dropped another 250+ points in reaction to one of the most lame speeches ever. Barack Obama had all weekend to prepare what he was going to say and he tanked just as bad as the markets did yesterday. Of course none of the events also stopped Obama from playing another round of golf.

He was a half hour late. His head turned from side to side as if he were attending a tennis match. He practically never looked in the camera, as if he were averting our gaze. And those were the strong parts of President Obama’s disastrous speech.

It was a bit like a slow-motion car crash. After a while, one stopped listening to the blather and simply watched the stock ticker go down and down. And down some more.

However, nothing could deter Barack Obama from attending not one, but two political fundraisers last night. How pathetic.  How does a President go to a fundholders and shill for money when American’s investments were just ravaged?  How unserious does Obama look?  Yesterday, America needed a President, a leader an individual that was supposed to instill confidence and show that he had a bullet point plan to counteract the finical carnage and devastation that was occurring and instead, WE GOT A POLITICIAN, A COMMUNITY ORGANIZER AND AN INDIVIDUAL THAT SHOWED TO ALL THE WORLD THAT HE WAS AN EMPTY SUIT.

President Barack Obama turns his attention to campaign politics Monday night, as he headlines two events for the Democratic National Committee and his re-election campaign.

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Oh Goody, Turbo Tax Geithner Tells Obama He Will Remain as Treasury Secretary

Obama … once again “Lost in Smallness” …

Treasury Secretary Timothy Geithner has told President Barack Obama that he will remain in his job until the 2012 elections. What a blessing for America, NOT! Since S&P has downgraded the US credit rating, there have been calls for Turbo-Tax Timmy to step down. Geithner has been part of the Obama economic team that has continually failed to turn the US economy around and instead get the US in more debt.

Treasury Secretary Timothy F. Geithner has told President Obama he plans to remain in his job through the fall of 2012, keeping in place Obama’s longest-serving economic adviser after the first-ever U.S. credit downgrade and renewed fears of a second recession.

But several developments have made his departure more difficult. The debt ceiling was raised with only hours to spare. The deal to tame the debt fell short of what Geithner and Obama wanted. The economy has suddenly taken a turn for the worse. And on Friday, Standard & Poor’s downgraded the U.S. credit rating for the first time. And the White House, worried that it would be hard to find a suitable replacement, pressured him to stay.

Of course Obama is going to keep Geithner, like he has a choice. Politically that is. If Obama had to replace Turbo Timmy he would be forced due to the pressure of the economic environment to put in place an individual that was more business friendly and someone who basically goes against the Obama agenda on the economy.

Jammie Wearing Fool opines, “Note satisfied with the destruction of the American economy, Timmy Turbo Tax assured his boss he’ll be staying on the job. There’s still more downgrading to be done, apparently.” Michele Bachmann responds.

Even though Obama had time to play golf this weekend, he still has not addressed the downgrade of the US credit rating. If you remember back, Obama was quick to comment on the arrest of his professor bud in Boston and make accusations of racial overtones. yet mum is the word when it comes to a huge issue like the US credit rating being downgraded. Just another example of this president “Lost in Smallness”.

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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