Is The Far Left Actually Accusing The Tea Party Over DOW Crashing,Debt & AA+ Credit ?

[EdSchultzIsFat]

Is this going to be the main headline/cover stories amongst the New York Times,CBS,& MSNBC? Are they actually going to stoop this low to blame the Tea Party for all three major crisis's caused during the Obama Administration? Some guest already did on FOX News today,she actually blamed the Tea Party for all the hell that broke loose between the stock market and our new AA+ credit rating.Yah, The Tea Party Has Been Around Since Bush Took Office in 2001 and caused all of our current economic hardships. And none of this was caused by Obama,Reid&Pelosi?

 

[Animus]

Its been cause by both parties over the past 30-40 years. These politicians been more worried about kicking the can down the road and elections instead of meeting the problems face to face.

 

[Care4all]

yes, they will be blamed....is my best guess....

 

[bigrebnc1775]

Is this going to be the main headline/cover stories amongst the New York Times,CBS,& MSNBC? Are they actually going to stoop this low to blame the Tea Party for all three major crisis's caused during the Obama Administration? Some guest already did on FOX News today,she actually blamed the Tea Party for all the hell that broke loose between the stock market and our new AA+ credit rating.Yah, The Tea Party Has Been Around Since Bush Took Office in 2001 and caused all of our current economic hardships. And none of this was caused by Obama,Reid&Pelosi?

Ed of course the tea party will be blamed. The guilty always blame someone else.

 

[Sallow]

Not the far left.

Anyone that knows anything about financial institutions.

In any case..while the S&P might have sound rationale on this one..the gridlock in Washington might have an impact on the power to pay back debt. It certainly has never been used before as a factor in determining the soundness of a financial instrument.

And they got their calculations wrong..initially.

They also screwed the pooch on Mortgage Backed Securities.

 

[bigrebnc1775]

Its been cause by both parties over the past 30-40 years. These politicians been more worried about kicking the can down the road and elections instead of meeting the problems face to face.

Hold on there the tea party had nothing to do with this.

 

[bigrebnc1775]

Not the far left.

Anyone that knows anything about financial institutions.

In any case..while the S&P might have sound rationale on this one..the gridlock in Washington might have an impact on the power to pay back debt. It certainly has never been used before as a factor in determining the soundness of a financial instrument.

And they got their calculations wrong..initially.

They also screwed the pooch on Mortgage Backed Securities.

They also screwed the pooch on Mortgage Backed Securities

Who are they? I hope you're not talking about the TEA party.

 

[EdSchultzIsFat]

OK OK,,it's all my fault, I Will take the blame for it,and take the spanking that Nancy Pelosi was going to give to george bush.

 

[Ragnar]

Haven't you heard? If we balance the budget the "terrorist" win.

 

[Sallow]

Not the far left.

Anyone that knows anything about financial institutions.

In any case..while the S&P might have sound rationale on this one..the gridlock in Washington might have an impact on the power to pay back debt. It certainly has never been used before as a factor in determining the soundness of a financial instrument.

And they got their calculations wrong..initially.

They also screwed the pooch on Mortgage Backed Securities.

They also screwed the pooch on Mortgage Backed Securities

Who are they? I hope you're not talking about the TEA party.

As to the Gridlock - Tea Party.

As to the Mortgage Backed Securities - S&P, they rated them AAA.

 

[Sallow]

Haven't you heard? If we balance the budget the "terrorist" win.

That depends entirely how it gets balanced.

 

[Divine Wind]

Its been cause by both parties over the past 30-40 years. These politicians been more worried about kicking the can down the road and elections instead of meeting the problems face to face.

Agreed. Extremists blame others for the problems of the world instead of taking the personal responsibility to begin the work of fixing the problems we face today.

Sure, the "Far Left" is going to blame the Tea Party just like the Far Right, including the Tea Party, is going to blame the the Left for all of our woes. How many nut jobs on this forum accusing the President of being a Marxist? A Socialist Anti-American? Extremists love to blame everyone but themselves. What you won't see them do is offer workable solutions or a willingness to compromise.

Let's side step for a minute. When we talk about "the Tea Party", we're actually talking about a couple of different animals. There's are two national sized Tea Parties, the main one being funded by Dick Armey, the Koch brothers,Virginia Thomas and the like. The other Tea Party is the one I like. The local groups of concerned citizens who, like me, vote in polls that our nation is on the wrong track. That Congress is more concerned about elections than leadership or our nation's best long term interests.

Unfortunately, we don't hear much about these local groups because they are so loose and differentiated, they can't gain the national exposure required to make a difference in today's society. What they can do, however, is slowly work their way to educate citizens on how "We, the People" can collectively make a difference if we want to do so.

 

[C_Clayton_Jones]

From the S&P news release explaining its reasoning for the downgrade:

It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

S&P Downgrades U.S. Debt Rating — Press Release - MarketBeat - WSJ

Given the fact that the right refuses to even consider tax increases and the left is willing to allow entitlement cuts, it’s clear the TPM’s radical ‘no tax increase’ position was the primary contributing factor in enacting the downgrade.

Indeed, earlier last month Obama was willing to cut entitlements for a republican agreement to raise taxes:

[The House and Administration] are divided over taxes and entitlements. Republicans reject Democrats’ call for more tax revenue and instead are pressing to cut entitlement programs such as Medicare and Social Security. Democrats insist even the Republicans’ proposal for a smaller deficit-cutting plan must include more taxes from higher-income Americans. Obama has said he is willing to cut entitlements in exchange for a Republican agreement to increase taxes.

Obama Said to Challenge Republicans for Debt Plan Details

And indeed the final agreement had no tax increases whatsoever.

Had an agreement been struck, per the S&P release, both increasing taxes on the wealthy and including entitlement cuts, the downgrade may very well have been avoided.

If anyone on the right has documentation of a member of the GOP leadership agreeing to tax increases in the context of an overall deal, please feel free to post it.

 

[Patrick2]

Attempting to raise taxes in a near-Depression is so stupid, it ought to be CRIMINALLY stupid.

 

[Divine Wind]

Attempting to raise taxes in a near-Depression is so stupid, it ought to be CRIMINALLY stupid.

Is that an admission that, since we're in a "near-Depression", that government stimulus is necessary?

 

[mudwhistle]

Its been cause by both parties over the past 30-40 years. These politicians been more worried about kicking the can down the road and elections instead of meeting the problems face to face.

Yup. If they can't sell the lie that it was the GOP or the Tea Party that did it they pull out this excuse that both parties did it.

What I've seen is a cycle of Democrats tearing shit up and the GOP trying to fix it.

Every time a Democrat gets in the White House he decimates the military, then the GOP comes along and rebuilds it, giving Democrats an excuse to claim the Republicans are big spenders.

It's impossible to deal with someone who lies about everything. It's like trying to maintain a relationship with a cheating spouse. You never flourish because the wayward spouse is constantly undermining the relationship and putting you in the poor house by partying and drinking.

 

[Divine Wind]

What I've seen is a cycle of Democrats tearing shit up and the GOP trying to fix it.

Was establishing the largest expansion of our government by building the Department of Homeland Security "fixing it"?

Homeland Security Is the Largest Federal Expansion in 50 Years by Rep. Ron Paul

Homeland Security Is the Largest Federal Expansion in 50 Years

by Rep. Ron Paul, MD

The administration and Congress put the finishing touches on the monstrous Homeland Security bill last week, creating the first new federal department since the Department of Defense at the end of World War II. Laughably, the new department has been characterized as merely a "reorganization" of existing agencies, even though I notice no department was abolished to make up for it! One thing we can be sure of in this world is that federal agencies grow. The Homeland Security department, like all federal agencies, will increase in size exponentially over the coming decades. Its budget, number of employees, and the scope of its mission will EXPAND. Congress has no idea what it will have created twenty or fifty years hence, when less popular presidents have the full power of a domestic spying agency at their disposal.

 

[BDBoop]

Not the far left.

Anyone that knows anything about financial institutions.

In any case..while the S&P might have sound rationale on this one..the gridlock in Washington might have an impact on the power to pay back debt. It certainly has never been used before as a factor in determining the soundness of a financial instrument.

And they got their calculations wrong..initially.

They also screwed the pooch on Mortgage Backed Securities.

I was quoting articles from around the world while this whole mess was unfolding. It's NOT just "the far left." Fuck-all-everybody saw what happened.

 

[bigrebnc1775]

Not the far left.

Anyone that knows anything about financial institutions.

In any case..while the S&P might have sound rationale on this one..the gridlock in Washington might have an impact on the power to pay back debt. It certainly has never been used before as a factor in determining the soundness of a financial instrument.

And they got their calculations wrong..initially.

They also screwed the pooch on Mortgage Backed Securities.

They also screwed the pooch on Mortgage Backed Securities

Who are they? I hope you're not talking about the TEA party.

As to the Gridlock - Tea Party.

As to the Mortgage Backed Securities - S&P, they rated them AAA.

Telling an idiot first time driver to hit the brakes at a red light is a good thing. Telling the government to cut spending is a good thing
Watching the liberals spin this is pirceless.

 

[bigrebnc1775]

From the S&P news release explaining its reasoning for the downgrade:

It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

S&P Downgrades U.S. Debt Rating — Press Release - MarketBeat - WSJ

Given the fact that the right refuses to even consider tax increases and the left is willing to allow entitlement cuts, it’s clear the TPM’s radical ‘no tax increase’ position was the primary contributing factor in enacting the downgrade.

Indeed, earlier last month Obama was willing to cut entitlements for a republican agreement to raise taxes:

[The House and Administration] are divided over taxes and entitlements. Republicans reject Democrats’ call for more tax revenue and instead are pressing to cut entitlement programs such as Medicare and Social Security. Democrats insist even the Republicans’ proposal for a smaller deficit-cutting plan must include more taxes from higher-income Americans. Obama has said he is willing to cut entitlements in exchange for a Republican agreement to increase taxes.

Obama Said to Challenge Republicans for Debt Plan Details

And indeed the final agreement had no tax increases whatsoever.

Had an agreement been struck, per the S&P release, both increasing taxes on the wealthy and including entitlement cuts, the downgrade may very well have been avoided.

If anyone on the right has documentation of a member of the GOP leadership agreeing to tax increases in the context of an overall deal, please feel free to post it.

I would hope that anyone from the GOP is removed if they agreed to tax hikes.