Monday, August 08, 2011

President Downgrade to Speak at 1 PM

Anything short of him saying "I resign" isn't worth listening to. Then he gets ready for his glitzy fundraisers with millionaires and billionaires, Theme of the evening will be Tonight we're gonna party like it's 1929.

Meanwhile, Democrat social engineering projects Fannie Mae and Freddie Mac were downgraded this morning. What took so long?

Update: So I go to lunch, come back and as of 1:45 he still hasn't spoken? What's he doing, having Air Force One gassed up to take him into exile? Running the speech by some focus groups?

Ah, screw it. I'm going back to the beach. Oh, and the Dow is down 426 right now. God help us.


LibertyAtStake said...

Jack Wiley Dithers has the scoop:  President WTF will be blaming Patuxent Phil the groundhog for the downgrade.

“Because the Only Good Progressive is a Failed Progressive”

mark l said...

"Meanwhile, Democrat social engineering projects <span>Fannie Mae and Freddie Mac</span> were downgraded this morning. What took so long?"

they didn't get downgrade when their price fell from 50 bucks a share, to 25 cents a share.  they got downgraded at the same time the govt did.

any dem who has deluded themselves into the belief that the govt and fannie were two seperate entities has beeen exposed as a fraud.

in other news...
forget what obama's speech does for the dow.

gold prices will explode, AFTER, the most feckless president in us history tries to calm the markets.

if he gets credit for killing bin laden, he certainly deserves credit for killing the usd.

Bonfire of the Idiocies said...

"Anything short of him saying "I resign" isn't worth listening to."

I dunno, something like "I don't know what the hell I'm doing and you really shouldn't have elected me.  I only wanted the job for the parties and the golf anyway"  would be worth listening to but really wouldn't HELP matters at all.  Not like "I resign" would, anyway.

Sotos said...

The Depository Trust Clearing Corp has just been downgraded.


The imeans that all trades in all markets that do not clear through the Fed Wire are now under threat.

Eli said...

Well looks like he's gotten around to speaking, and the markets continue their downward scream.  I'm glad I pulled out of the markets back in July.  Seemed to me everytime Bernake or Obama opened their mouths, I lost money.  I'd be bleeding money today if I was still in.

mark l said...

if i had a nickel for every time he has used the word 'balanced'...

this has to be some form of lakoff verbal gymnastics.

it only sounds good when it is used in an alliterative form.  rather than soothing me with his willingness to use 'balanced', it becomes awkwardly incomplete.  (if a lib out there can come up with something that can make 'balanced' alliterative, you need to get it to the wh)

using it alone, i realize that it is liberal code for phony spending cuts combined with real taxes, but i've also seen what the senate is willing to accept.

taxation, heading into 2012, is not something they would support.

it would be better now, for the gop to pursue a long term plan, with the massive cover of a dem senate unwilling to tax, and a president who is unwilling to veto anything put on his desk, by the congress.

dem choices?
obama sells out the libs completely, for the chance of reelection.
obama stays true to his liberal roots, loses in 2012, and a gop congress and president get to come in an sink the eight ball.

FrankG said...

nice job, Baracky. DJIA down 618. Apparently, nobody's buying your bullshit