Saturday, August 6, 2011

S&P Quote of the Day: AA+ with Negative Outlook Edition

More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned.
~Standard & Poor's

Thank you, Mr. President, the "smartest president in history."

And thank you to all those who campaigned for, contributed to, and voted for Barack Hussein Obama, particularly based on his "urbane" and "super cool" image. We offer special gratitude to the S&P employees who voted for Barack Hussein Obama during the 2008 presidential election.

Honorable mention goes to proponents of the U.S. Constitution as a "living, breathing document" that should be forced to outgrow--via judicial activism--such "blunderbuss" concepts as protection of private property and "a man's home is his castle" in favor of "spreading the wealth around."

And of course, it would be negligent to fail to give credit for this downgrade to a U.S. Congress eager to abandon their legislative functions to various federal agencies and to offer their budgetary powers to the president of the United States. Without the crushing federal regulations created with no oversight by  "The People's House," South Korea would not have, this day, a better financial outlook than the United States of America. And, if Congress had not generously given to President Obama its power to initiate borrowing (h/t, Adrienne), we would not be sharing a credit rating and negative financial outlook with our good neighbor, Belgium.



  1. in with a bang; out with a whimper

  2. I'll add another group to thank. The millions of enablers who don't care about politics, who are more concerned about American idol than what congress is doing to their pay check. By not care one way or another they empower our leaders to do things like this.

  3. @Just Me - I fear that you are right. But the stronger states may decide not to go down with the ship.

    @Trestin - A huge population of this country are so addicted to their own credit cards - and so many people think nothing of going bankrupt to wipe out their debt (almost without penalty) - that they don't even realize this country's debt debacle means trouble.