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How come the White house is attacking S&P instead of the republicans?

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craigmatic Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:24 PM
Original message
How come the White house is attacking S&P instead of the republicans?
That would be the smart political thing to do. Attacking both at the same time would be better.
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Skink Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:27 PM
Response to Original message
1. They mentioned revenue increases something the White house is firmly opposed too.
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jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:29 PM
Response to Reply #1
4. Now you're just making shit up.
Lame.
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craigmatic Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:33 PM
Response to Reply #1
5. I suppose thats true but rarely are politics and economic policies this alligned
All he had to do was get out in front of this and say that he was for tax increases on the wealthy. Not only is it true but it's also popular. This and blaming republicans will give him more gravitas. He could win this and stand a long term chance of reversing it even if we are clearly losing right now as a country.
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roguevalley Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 09:36 PM
Response to Reply #5
11. I am taking Obama at his word. He does and says stuff because he
believes it. No tax increases and all the rest in that shit sandwich. He believes in it. S&P is poking the hornets nest and all the political opportunists/poseurs on both sides and in the white house don't want anyone to look behind the screen and see the truth. That no one in charge has a fucking clue but the money is sure nice.
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phleshdef Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:35 PM
Response to Reply #1
6. WTF. You can't just fucking LIE and expect it to go unchallenged.
God damn this place if off the hook. People just think they can fucking lie and everyone will go along with.

The Whitehouse isn't opposed to revenue increases AT ALL. Everyone knows this.
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roguevalley Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 09:38 PM
Response to Reply #6
12. instead of having a hissy fit and yelling at people how about YOU
finding the link that says that. How about YOU telling us something about how stupid we are and how smart you are? This place saw a president help a shit sandwich to fruition that doesn't raise a damned nickel to help us from capsizing while giving the idiots all they wanted. How about giving us a link that proves your point and not theirs?
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phleshdef Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 11:00 PM
Response to Reply #12
19. I don't provide links to well known facts.
We ALL watched the President come out SEVERAL times throughout this debate, hell, through the whole last 3 years or so, and call for revenue, for ending tax cuts, for ending loopholes, for ending subsidies. This is undeniable. Everyone saw this including yourself. You don't need a link for that to be proven. Just because he signed a bill that they refused to include revenue in is not an objection to revenue. You know this as well.
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CakeGrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 09:39 PM
Response to Reply #1
14. Bullshit. The President said over and over that we need revenue.
You must have been out of the room every time.
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flamingdem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 09:47 PM
Response to Reply #1
16. wtf? nt
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polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:28 PM
Response to Original message
2. Because they never miss an opportunity to miss an opportunity??
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Empowerer Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:28 PM
Response to Original message
3. I presume because this is beyond partisan politics . .
There are major issues related to this that have international financial ramifications that are unrelated to internal short-term politics.
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craigmatic Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:36 PM
Response to Reply #3
7. Still the only way to fix it is to get a democratic congress in office who can raise taxes.
Long term that's how we can pay down debt. This should be the end of reaganism. The politics are right, the economics match it, but some how political will is missing.
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Empowerer Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 09:06 PM
Response to Reply #7
10. Oh, please . . .
This just happened a couple of hours ago. Now is NOT the time to engage in political one-upsmanship - that's one of the reasons the markets are getting shaky. They think the American political structure is being run by a bunch of preschoolers and getting into a spitting match tonight won't help that.

There's plenty of time for Democrats to throw this in the Republicans' faces. It doesn't all have to happen tonight.

Take a breath . . .

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craigmatic Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 11:07 PM
Response to Reply #10
20. The republicans aren't. They're already blaming this on Obama.
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dbonds Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:39 PM
Response to Original message
8. They wouldn't blame their friends would they now?
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Swede Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:47 PM
Response to Original message
9. They do both.
You only see this because,well you know.
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ClarkUSA Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 09:38 PM
Response to Original message
13. Because the S&P fucked up & overestimated the federal debt by $2 trillion.
Edited on Fri Aug-05-11 09:44 PM by ClarkUSA
The Obama administration reacted with indignation, noting that the company had made a significant mathematical mistake in a document that it provided to the Treasury Department on Friday afternoon, overstating the federal debt by about $2 trillion.

“A judgment flawed by a $2 trillion error speaks for itself,” a Treasury spokeswoman said.

http://www.nytimes.com/2011/08/06/business/us-debt-downgraded-by-sp.html?hp
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flamingdem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 09:49 PM
Response to Reply #13
17. Last week their spokesman said that 4 Trillion was the minimum amount to cut
They are lying republicans.
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ClarkUSA Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 10:01 PM
Response to Reply #17
18. You got that right.
Fuck 'em.

None of the other credit agencies are following suit.

The S&P look like the fools they are.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 09:41 PM
Response to Original message
15. Because
the economists are doing it:

Krugman: S&P and the USA

Bloomberg News Analysts (Roubini, Ritholtz, Truglia, etc.) Liveblog re: S&P Downgrade

One gets the sense that this was a major screw up (or political move) by S&P.
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JimDandy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-06-11 01:24 AM
Response to Original message
21. Because they're indistinguishable. n/t
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