This is a HUGE event (don’t expect anything more than downgrade “outlooks” from US ratings agencies until after the dollar has collapsed or the US has officially defaulted), yet we have yet to see this reported by any major US media outlet. Wonder why, don’t want the sheeple to panic into gold or silver! To our knowledge, this is the first western ratings agency that has downgraded the US. Expect to see many more US downgrades in the coming months and years.
[…] Few want to believe that Wall Street and banking have destroyed the financial structure of the country and that it has been done deliberately in order to bring about world government.
President Barack Obama’s insistence that Congress solve the nation’s debt crisis through the 2012 elections emerged as a key sticking point as Democrats and Republicans urgently pieced together competing plans Monday to prevent a first-ever government default next week.
Senator –name withheld- came to staff member’s defense, and leveled direct accusation at president, declaring “White House incompetence” on the debt ceiling issue was putting the party’s chances in 2012 at great risk. President sat silent. –Name withheld- challenged Senator on accusation of White House incompetence. Declared the president cannot be expected to “babysit” for everyone in Congress. Senator –name withheld- did not back down, threatening to sign off on Republican proposal if White House did not offer up anything “remotely resembling a viable alternative.” President became increasingly agitated during this exchange, finally standing up from the table and walking out, declaring, “Good luck on getting me to sign it.” Later media reports indicated president had walked out of meeting with Republicans. That is incorrect. It was the meeting with his own Democrats that resulted in President Obama leaving the room.
The Washington Post’s Jennifer Rubin reports that President Obama nixed a bipartisan debt agreement that was forged by leaders of the House and Senate over the weekend. If Jen’s sources are correct, this would be a genuine political jaw-dropper:
A Republican aide e-mails me: “The Speaker, Sen. Reid and Sen. McConnell all agreed on the general framework of a two-part plan. A short-term increase (with cuts greater than the increase), combined with a committee to find long-term savings before the rest of the increase would be considered. Sen. Reid took the bipartisan plan to the White House and the President said no.”
If this is accurate the president is playing with fire. By halting a bipartisan deal he imperils the country’s finances and can rightly be accused of putting partisanship above all else. The ONLY reason to reject a short-term, two-step deal embraced by both the House and Senate is to avoid another approval-killing face-off for President Obama before the election. Next to pulling troops out of Afghanistan to fit the election calendar, this is the most irresponsible and shameful move of his presidency.
Well, you’ve heard it here before:
By his actions in office and his own autobiographical admission, Barack Obama is at the very least sympathetic to the aims of Marxism. And a Marxist does not want to strengthen a capitalist economy–he wants to destroy it.