Saturday, August 6, 2011

S & P Downgrades US Credit Rating

Standard & Poors has downgraded the US Credit Rating from triple AAA to double AA Plus with a warning that it could go lower in the next two years if the US does not stop Obama's crazy deficit spending and pay off our $15 trillion National Debt.   The US has had a triple AAA credit rating since 1917.   This is the first time in American history that the US has experienced a downgrading, thank you Mr. President.   So incompetent Socialist President Obama is the first President in American history to preside over a downgrading of our credit rating.   It is disgraceful.

Treasury Secretary Tim Geithner, who told us last April that a downgrade would never happen, should be FIRED immediately.   Since we can't FIRE Obama until November, 2012, Geithner's head has to roll NOW.   There is a pretty good chance that other rating agencies will follow suit and also downgrade their US Credit ratings from triple AAA to something lower.   This is very significant since there are many investors actually prohibited from investing in companies, or Treasury bills that are lower than a triple AAA rating.   This means that interest rates will go up in order for the US to attract investors, which will add billions of dollars of additional interest costs.  It is also means that interest rates will go up for all Americans to fund mortgages, car loans and credit cards. 

It is any wonder?   The United States National Debt is currently around $15 trillion with no plan in place to pay off the National Debt.   Even with the phony plan in place to cut spending by $2.4 trillion, over the next ten years, as the grand bargain with the Socialists to raise the National Debt Ceiling by a similar amount in the next 18 months, based on Obama's current deficit spending trajectory, the National Debt will grow by another $8 trillion in the next ten years.   This is fiscal insanity as recognized by both rating agencies and the crashing markets.

Socialist President Obama is incompetent by any standard.  Our economy is mess.  There are 25 million Americans either unemployed, under employed working part time that want full time work, or who have just given up looking for work altogether.   43 million Americans, a record, are on Food Stamps.  Millions of Americans have lost their homes to foreclosure.   GDP growth is dismal.  We have no energy plan that would make the US energy independent in the next ten years.   Obama's Gestapo's, the Environmental Protection Agency, the National Labor Relations Board and the newest one, the Consumer Financial Protection Bureau are busy killing jobs in America.   

Socialist President Obama, YOU ARE FIRED, or will be fired in November, 2012.  Let us hope that the American people never again elect a President with no applicable work experience in either business or government.  Obama's claim to fame was that he was a Law Professor and a Community Organizer.  Big Deal!   With that resume, Obama would not even be hired as a senior manager at a small company.  In fact, Obama was not qualified to be a Manager of a small department in a small company; yet he is the President of the United States.  We see the end result.  Obama is in way over his head. 

We have to take our country back in 2012 and 2014 by electing adults with significant experience and a record of accomplishment.  We must make Obama a one term President because he is bankrupting our country.  In the process, we must send his co-conspirators, the Socialists in Congress, many of whom should be in jail, not in Congress, packing.  In doing so, we must elect rock solid, common sense Conservatives that support free market capitalism, limited government, lower taxes and less regulation, a balanced budget, term limits, real education,energy and health care reform, a strong national defense, including securing our border and fighting Terrorism, the right to bear arms, the sanctity of life and family values that are the foundation of our nation.   This is the platform supported by the majority of the American people and the only way to restore our economy and create jobs in America.

We must take back our country in 2012 and 2014 to prevent the bankruptcy of the United States and restore our triple AAA credit rating.   We can do it.   We must do it to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.  Most important, we must make Obama a one term President.  Enough is Enough!!

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