Archive of posts tagged gross domestic product

Obama’s Free-Falling Economy: U.S. Credit Rating Downgraded for 2nd Time Under Obama Non-Existent “Leadership”

Obama's Free-Falling Economy: U.S. Credit Rating Downgraded for 2nd Time Under Obama Non-Existent "Leadership"

Obama’s Free-Falling Economy: U.S. Credit Rating Downgraded for 2nd Time Under Obama Non-Existent “Leadership”

For the second time in under 4 years, the brain-dead Obama administration has allowed our nation’s credit rating to be downgraded.

Citing the “quantitative easing from the Federal Reserve”, and mounting federal debt, Egan-Jones has been able to see through the Obama administration’s reality-bending ahead of the election, and are fully aware that the things that the Obama administration are doing to try and fool the voters into thinking that the economy is making a rebound are just smoke and mirrors designed to trick the American People.

Standard & Poor’s has already downgraded our nation’s credit rating, and Moody’s Investors Service said just this week that it will probably do the same.

Ratings firm Egan-Jones cut its credit rating on the U.S. government to “AA-” from “AA,” citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country’s credit quality.

In its downgrade, the firm said that issuing more currency and depressing interest rates through purchasing mortgage-backed securities does

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Obama’s Anti-Recovery White House Against Spending Cuts

Obama and the other idiots on the left do not really want to fix our economy, balance the budget, fix the housing market, or lower gas prices. They don’t want to cut the spending of the government, or actually fix the problems we’re currently faced with. In fact, they want just the opposite. Obama wants nothing more than to keep the size of our government exploding, while making sure that as many people as possible are dependent on the government, which will in turn keep our nation’s economy in a tailspin.

Now Obama says that he will veto the new GOP legislation designed to “cut, cap and balance” spending and the budget.
At least Republicans are coming up with plans to try and fix things. All the job-killing Democrats can do is attack the right’s plan, without any real plan of their own, other than “Tax the rich”.

Even if the brain-dead liberals took every penny made by the upper level rich people, it would still not even make a dent in the debt because the Democrats won’t stop spending …

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