The United States had its credit rating lowered because of the economic problem involving decades of overspending. The Obama regime has been a spending machine on steroids with a trillion dollar stimulus (cost of stimulus and the interest to pay for the money we borrowed) and the 2.5 TRILLION dollar Obamacare law (and billions in other hidden costs). Add this to the greater than a trillion dollar a year deficit spending and the country has been on deficit overdrive.
The credit rating was dropped on Friday after the market closed but the Israeli market and the Asian markets took hits when they opened on Sunday (our time). The US market followed suit dropping over 600 points on Monday.
Barack Obama went on the air to reassure the public and the market dropped 200 points while he was talking.
The market has no confidence in Obama and investors are selling off in order to hold cash. The crash of the US market is sending us into a second recession and Obama has no clue how to handle this.
So we have two options here. Either Obama is totally clueless and is in way over his head or he is doing this on purpose. Obama is an student of Alinsky and of the teachings of Cloward and Piven and their strategy to take down our system. I know what I think but I will leave it to the Obama toadies to decide if he is doing this on purpose or he is clueless and in over his head.
Here is a hint; I think it is a bit of both.
All is not lost for some folks. It looks like a friend of Obama and enemy of the US made a huge sum of money on the downgrade. I imagine there are a lot of Obama friends doing well with the inside information…
As this situation gets worse expect the Obama regime to do more of what has not worked thus far.
As Obama and the career politicians in DC blame this on the TEA Party and engage in the finger pointing games the country moves closer to worse times. Inflation, high interest rates, a down stock market, high food and gas prices and increased unemployment await us and these clowns are pointing fingers. The blame game is not the way to fix problems. Let the public put the blame, the politicians need to work on solutions.
Unfortunately, the career politicians are not interested in helping us. The two parties are busy sniping at each other but working hand in hand to stay in power and enrich their lives at our expense.
The TEA Party politicians are the only ones that made promises and kept them. They are the ones with plans to keep our house in order and get us back on sound financial footing. If we had adopted their plans we would not have been downgraded and would have some breathing room.
Instead, we followed the plans of people who are increasingly seen as not having the consent of the governed or as Pat Caddell calls it, pre-revolutionary.
It is going to be a bumpy ride for a while on the Obama roller coaster. After all, he promised us fundamental transformation.
He might get more than he bargained for.
Never surrender, never submit.