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Read S&Ps statement. Joel Send a noteboard - 16/08/2011 07:53:17 PM
In between blaming Obama for the London riots they've been out telling anyone who'll listen that THEY aren't to blame for S&P cutting the US credit rating (and never mind what S&P itself says to the contrary).


So, you are blaming a small group of people whose premise and philosophy is "Stop Spending Money, Don't raise taxes." The problem isn't that these people stopped any bill that might have prevented a downgrade. The problem is the people who created the problem in the first place. Namely Republicans and Democrats, the established Oligarchy in which the only difference between the two sides is WHERE to the spend the money. S&P would have down graded us any ways because the Democrats and Republicans have proven TIME AFTER TIME that they cannot be trusted with a budget.

But the Tea party is a convenient scapegoat for people who listen/read either of the party lines.

Isaac was kind enough to link it recently and, as he noted at the time, it's not very long at all. S&P would not have downgraded us if we'd made the $4 trillion worth of debt reduction they stated as their requirement to prevent that downgrade, and repeatedly referred to the uncertainty now existent in our government as the principal reason for the downgrade even after a (smaller than $4 trillion) was reached. If that's not explicit enough, an S&P senior director publicly stated last week that their fears were that "people in the political arena were even talking about a potential default.... That a country even has such voices, albeit a minority, is something notable. This kind of rhetoric is not common amongst AAA sovereigns".

My other thread ought to make clear how I feel about third parties and alienation, but the latter is misdirected in most of the Tea Party (which won't be an example of the former as long as they keep hijacking GOP primaries to oust party moderates). As to our credit downgrade, you have every right to dispute S&P made it because of the Tea Party, but if you do you're arguing with S&P, not me.
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This message last edited by Joel on 16/08/2011 at 07:54:22 PM
  • Edit 2 by Joel on 16/08/2011 at 07:54:22 PM
  • Edit 1 by Joel on 16/08/2011 at 07:54:01 PM
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London Riots: American Far Right Pundits Indulge in the Blood Libel of Which They Accuse Others. - 16/08/2011 05:03:40 PM 896 Views
Joel, stop posting these threads. - 16/08/2011 05:50:15 PM 414 Views
Agree. *NM* - 16/08/2011 06:01:09 PM 242 Views
That's the plan. - 16/08/2011 06:09:53 PM 345 Views
Re: That's the plan. - 16/08/2011 06:27:24 PM 292 Views
It can only be called a plan if you ever, honestly plan on following through with it. - 16/08/2011 06:52:32 PM 325 Views
Oh, I fully intend to follow through with it. - 16/08/2011 06:58:05 PM 330 Views
Prove it then. *NM* - 16/08/2011 07:00:17 PM 244 Views
Time will tell, eh? - 16/08/2011 07:03:59 PM 264 Views
Posting more political threads then anyone else on the board is not 'a few slips' *NM* - 16/08/2011 07:28:14 PM 240 Views
Well, technically ... - 16/08/2011 07:55:48 PM 312 Views
Actually what's sad is I just counted them - 16/08/2011 09:05:31 PM 272 Views
Today is a new day. - 16/08/2011 07:56:48 PM 276 Views
so are you really to dumb to actually understand what they are saying? - 16/08/2011 05:53:35 PM 339 Views
I understood them perfectly, thanks. - 16/08/2011 06:16:31 PM 296 Views
so you are not stupid just disingenuous? *NM* - 16/08/2011 06:17:50 PM 279 Views
Good lord. Why do you give people like this the time of day? - 16/08/2011 06:00:50 PM 328 Views
good lord why buy into Joel's BS? - 16/08/2011 06:19:38 PM 300 Views
Because they have 60 of the 435 seats in the US House. (EDIT) - 16/08/2011 06:27:21 PM 292 Views
You know, you lost all credit with this statement. - 16/08/2011 07:37:31 PM 276 Views
Read S&Ps statement. - 16/08/2011 07:53:17 PM 378 Views
Even your quotes in this post ought to make it clear that it was because of... - 16/08/2011 08:26:13 PM 267 Views
I haven't edited anyone but myself. - 16/08/2011 08:55:14 PM 275 Views
don't you live in norway now? *NM* - 16/08/2011 08:18:56 PM 281 Views
Yes? - 16/08/2011 08:36:02 PM 287 Views
ah - 16/08/2011 08:58:15 PM 349 Views
Oh for fuck's sake... - 16/08/2011 09:11:22 PM 299 Views
Agreed - 16/08/2011 08:00:04 PM 303 Views
All linking accomplishes is feeding the Troll. - 16/08/2011 06:50:43 PM 304 Views
Fair point; I've argued much the same in the past. - 16/08/2011 06:56:45 PM 376 Views
glad to see you agre with Joels made up BS *NM* - 16/08/2011 07:17:18 PM 276 Views
It may be overstated, but it certainly isn't made up. - 16/08/2011 07:35:09 PM 266 Views
his statement that they are accusing Obama of causing the riots is BS and he has admitted it - 16/08/2011 07:46:46 PM 319 Views
Happy now? - 16/08/2011 08:17:13 PM 273 Views