Quote of the Day

Posted on August 6, 2011 at 10:57 am by Bob Cesca

“The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy.” Standard & Poors

I hope I’m wrong about this, but welcome to the second Republican-created economic crisis.

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  • mrbrink

    TWO credit downgrades since they took over the United States House of Representatives… of the free world!

    It’s not a coincidence.

    • jmby

      Exactly. Unfortunately, my confidence, or just expectation, that Americans can connect the dots, understand the circumstances leading to our present situation, understand BASIC cause and effect or economics, or really, ANYTHING more complex than which Bachelor didn’t get a fucking rose, is now at about subterranean level. I am beginning to despise my fellow Americans.

      • ElayneB

        My husband is reading Idiot America, and he keeps having to read quotes to me from idiots who believe the educated are out to get them.

  • missliberties

    Compromise! It’s the new black.

    S%P just insured the conversation would remain on the debt. It is only 1 of 3 agencies. But their larger point is correct. Our politics is dysfunctional, and the Republican tea party is holding a gun to our heads on not raising revenues.

    • JackDaniel07

      See I tend to agree with you Miss – why do we put so much weight into what these for-profit glorified fortune tellers tell us is golden or not?

      But, much like President Obama I suspect, I quickly realize that I have to care about what S&P says, because thats how the system that I live in is run.

      “Change” was the alleged promise, and I for one still think that President Obama has his eyes fixed on a longer game than the media will pay attention to. So we Realists need to keep pushing for progress – which will be tough if this economy falters again

  • D_C_Wilson

    It’s to hard imagine that this isn’t exactly what the GOP was hoping for. I imagine Rush will be crowing on Monday about how this is, of course, All Obama’s Fault. If causing as much economic damage as possible and pinning the blame on Obama is not their conscious strategy, then the only alternative is that they are just completely incompetent and blinded by ideology.

    • incredulous72

      It’s both.

  • http://cousinavi.wordpress.com cousinavi

    Listen, and understand. The Republicans are out there. They can’t be bargained with. They can’t be reasoned with. They don’t feel pity, or remorse, or fear. And they absolutely will not stop, ever, until you are dead.

    /They’ll be bach.

    • muselet

      They’ll be bach.

      Could be worse.

      –alopecia

      • http://cousinavi.wordpress.com cousinavi

        “I Need Your Clothes, Your Boots, and Your Motorcycle.”

        • muselet

          “Anything else?”
          “Phased plasma rifle in the 40-watt range.”

          –alopecia

    • JMAshby

      They’ll be bach-mann.