Obama: “You Mean The Economy Isn’t Like Batteries, And AA Is Bigger?”

Posted on | August 5, 2011 | 28 Comments

by Smitty

Hey, if BHO gets the credit for bin Laden, he gets the blame for the downgrade. Particulary ironic in light of the recent 14th Amendment whining about the validity of U.S. debt. Not the same thing, sure, but a finely related twist.
If there is any good news here, it is that the attribution is squarely on BHO. It will be spun as unimportant, I suppose.

UPDATE (RSM): I was at an event with Michelle Bachmann in West Des Moines when the downgrade was announced. Bachmann made a statement calling for a Treasury Secretary Tim Geithner to resign. I called Eric Dondero of Libertarian Republican and gave him the report. I’m now trying to upload video, which is difficult with the crappy Wifi at this hotel.

Category: Uncategorized

Comments

28 Responses to “Obama: “You Mean The Economy Isn’t Like Batteries, And AA Is Bigger?””

Anonymous
August 6th, 2011 @ 4:08 am

CNN’s 360 is fairly unanimous in blaming the lack of revenue in the debt deal as being primarily responsible. Oddly enough they seem to be of the opinion that the current tax rates don’t expire at the end of 2012.
Datechguy's Blog » Blog Archive » Michelle Bachmann in Iowa: Tim Geitner must resign!
August 6th, 2011 @ 12:10 am

[…] as Stacy calls in with a live report from Iowa. (10 a.m. EST WCRN) Meanwhile co blogger Smitty has this comment: Hey, if BHO gets the credit for bin Laden, he gets the blame for the downgrade. Particulary ironic […]
Anonymous
August 6th, 2011 @ 4:12 am

Harry is blaming it the GOP – they wouldn’t let us have revenues. Timmy TT is claining a $2T error by S&P. Maybe, but S&P clearly said their downgrade was based upon mid-term stability, ie out to 5 yrs. Most of that $2T would have been after 5 yr. Worse, they blamed the squabbling between the parties and see no hope of compromise.

Better – they were disappointed that their was no entitlement reform, nor hope for any near term. That’s gotta be a major breach at Nanzi’s waterline.
Anonymous
August 6th, 2011 @ 4:16 am

In the 1950’s it was “Who Lost China?”

In the 2010’s it’s “Who Lost The AAA Rating?”
higgins1990
August 6th, 2011 @ 4:49 am

Obama just keeps on winning!
William John Perry
August 6th, 2011 @ 4:57 am

I’m going to hit your tip jar and request that it go towards a wireless card. You practically operate as my home page so I need you to have top-notch equipment–it is especially disappointing that I’m missing out on a Michelle Bachmann video because of equipment issues. I love her.
Anamika
August 6th, 2011 @ 5:23 am

If Conservatives Were Right About the Economy

Enjoy.
Anamika
August 6th, 2011 @ 5:27 am

Oops! bad link.

http://www.frumforum.com/if-the-conservatives-were-right-about-the-economy

My conservative friends argue that the policies of Barack Obama are
responsible for the horrifying length and depth of the economic crisis.
Question: Which policies?

There’s a strong case for condemning Barack Obama for the things he
might have done, but did not do. He might have cut payroll taxes more
and faster. He might have pushed for more expansionary Federal Reserve
governors. He might have designed a better stimulus. All true. But the
things he did do?
Adjoran
August 6th, 2011 @ 5:38 am

Well, Geithner has been a disaster, but he is about the last guy in the Obama Regime who has even a fleeting notion of the structure of international finance. All that’s left is a bunch of lifetime government officials and academics, all of the “progressive” (nice modern word for socialist) mindset.

No need to blame Geithner for this downgrade, and Pelosi and Reid bear at least as much responsibility as Obama, although he gave them the rope to hang America.
Adjoran
August 6th, 2011 @ 5:41 am

Frum is an idiot, as is well known. Start with the burdens of ObamaCare, his energy policies, EPA rulings outside legislative authority, FCC rulings outside authority, NLRB rulings outside authority, environmental policy, dithering on trade policies, wasting the 2nd half of TARP money and all the stimulus, and a generally anti-business attitude, regulatory approach, and rhetoric.

For starters.
Anonymous
August 6th, 2011 @ 5:52 am

Dungbat.
Charles
August 6th, 2011 @ 5:56 am

If you think a wireless card would help, you have never been to Iowa. The state prides itself on its sporadic cell phone coverage.
Anonymous
August 6th, 2011 @ 6:21 am

I’m willing to entertain the notion that Geithner knows better than to do the stupid sh!t this administration calls economic policy but has been over ruled. And it’s possible that he has patiently explained to the other Bolsheviks that it’s not OK to go two years without passing a budget. But by not going public or resigning he has no credibility or deniability. Not passing a budget for 2011 was a purely political ploy in an effort to spare the Democrats from having to justify their spending going in to Nov 2010.
If it weren’t for the Republican congress the debt ceiling would have been raised with no cuts faux or otherwise. They would have allowed the top tax rates to expire which raises $700 Billion over ten years. But even Obama,Pelosi and Reid wouldn’t have tried to raise $4 Trillion in taxes. In their arrogance they would never have believed that we would be downgraded. The other dopes might be stupid enough to not understand that they couldn’t continue on the course they’ve chosen but if Geithner is even remotely qualified for his job he knows better, if he had even a speck of honor he’d resign at the very least.
Anonymous
August 6th, 2011 @ 7:55 am

The Boogie Southern Compound is in the most sporadic-coverage state east of the Mississippi. It’s exactly why I bought a MiFi card. Besides Stacy ain’t gonna be filing reports from the boonies. He’ll be where there’s coverage.
ThePaganTemple
August 6th, 2011 @ 12:05 pm

Yeah, the “error” was that S&P didn’t count the unspecified cuts in the last deal, especially the ones that are supposedly guaranteed to kick in over the next six months.
Anonymous
August 6th, 2011 @ 12:18 pm

On the other hand, just about every hotel and motel in the state has free wi-fi, which you can’t say about the Washington DC area. 🙁
Anonymous
August 6th, 2011 @ 12:19 pm

You’re slacking, troll. Frum was already soundly thrashed for his idiotic column yesterday in LIVE AT FIVE.
Anonymous
August 6th, 2011 @ 12:22 pm

Wombat, what’s really good is that the places that charge the most tend to be the most expensive hotels. Every Motel 6, meanwhile, advertises free wi-fi right on the sign.
William John Perry
August 6th, 2011 @ 2:20 pm

Oh, like DC… Actually, being less connected for a while doesn’t sound half bad.
Anamika
August 6th, 2011 @ 2:35 pm

You are right, i haven’t been keeping up…with all the wingnuttery.

So little time, so much loonacy around.
KICKING the Can DOWN the ROAD, OVER the CLIFF « Temple of Mut
August 6th, 2011 @ 10:59 am

[…] also hope he has some plans to address the five likely consequences of this downgrade: US debt service costs will rise, […]
JeffS
August 6th, 2011 @ 3:05 pm

Agreed, Pelosi, Reid, plus Obama, bear responsibility for this fiasco.

But Geithner has been the willing water carrier for the Obama Administration on this topic. Maybe he’s just a sacrificial victim, but he’s also a great target. Obama’s supply of volunteers willing to take a bullet for him is not endless.
Bob Belvedere
August 6th, 2011 @ 7:32 pm

Somebody hand Timmy a Luger.
Anonymous
August 6th, 2011 @ 8:38 pm

Dungbat.
Daily Scoreboard « Don Surber
August 6th, 2011 @ 5:02 pm

[…] Smitty: Obama: “You Mean The Economy Isn’t Like Batteries, And AA Is […]