NEWS ALERT FROM WALL STREET JOURNAL: FRIDAY AFTERNOON

 

Subject: WSJ NEWS ALERT: S&P Downgrades U.S. Credit Rating for First Time in Modern History

__________________________________
News Alert
from The Wall Street Journal
 
 
Standard & Poor's took the unprecedented step of downgrading the U.S. 
government's AAA sovereign credit rating Friday in a move that could send shock 
waves through global financial markets and potentially undermine world economic 
growth.
 
S&P cut its top-notch long-term credit rating for the U.S. Treasury's debt to 
AA+ with a negative outlook. It is the first time in modern history that one of 
the three main ratings firms has stripped the U.S. of its coveted AAA rating.
 
It was previously reported that a mathematical error discovered late Friday by 
Treasury Department officials threw into limbo plans for a downgrade. 
 
http://online.wsj.com/home-page?mod=djemalertNEWS
 
Watch this brand new video.  It describes what is in the Debt Ceiling Bill.  Two words:  Disgusting
and Distrustful.

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Comment by JL Gawlik on August 6, 2011 at 9:25am

Anyone who thinks that NO ONE has been listening to the TeaParty is delusional.

The whole discourse in Washington, DC and Congress has completely changed and is now changed forever because of the TeaParty. Just listen to the Progressive Democrats they are saying now that the TeaParty caused all of this! Amazing. Violence begets more violence, period. And anyone who even suggests it, is a progressive period in my opinion.

There is suppose to be another rally with people all across the country to make signs CAN YOU HEAR ME NOW? and go to street corners and peacefully hold them up so people can see, it is either this month or in September. I know there were around 100 people in DC with those signs in Senate park last week during the debt ceiling vote and some of the GOP Senate and House went down to talk to them. Our voices have not been ignored.

We have changed the whole atmosphere in Congress, in DC, in our government in one election, 2010. In 2012 we are going to GREATLY change things in Congress, in DC and in our government with the voice of WE THE PEOPLE. 

Comment by Doyle on August 6, 2011 at 9:00am
@ Steven Upshaw

If you haven't read Ann Coulter's newest book, DEMONIC, you should.

In it she explains how the actions you suggest we take, mob action, is a favorite tool employed by the left.
Comment by Patricia M. McBride on August 6, 2011 at 8:20am
You do understand Steven that this wanna be dictator wants exactly what you suggest so he can impose marshal law and cancel the elections.  Please understand I hear what you are saying and I am as angry as you are, but a violent action after they have been talking about the tea party being extremists will only net a complete shut down of the democratic system and perhaps it will be irreversible (if the lunatic in the white house has his way).  We must be better than he is.  We must lay far better plans than to be an angry street mob.........that is what unions and Obama thugs do but with his support.  We don't have his support and he would just as soon throw little old grandmothers in jail as look at them!
Comment by Steven D.Upshaw on August 6, 2011 at 8:09am
A storm of historic proportion is at our door. The question I am asking is are we the people going to listen to Obama and his thugs or are we going to listen to the warnings of patriots like Rubio, Bachman, Ron and Rand Paul, Cain, Palin to name a few. The time for action is now. The people should be gathering in great numbers at the doors of our govenment in a voice loud enough to shake the foundations of the buildings they set in. This totalitarian movement by the government must be stopped at all cost if we wish to maintain the liberty granted to us by our constitution. So do we set at our computors and chat or blog about this or is it time to move to the street and take physical action. Our voice has been ignored we have been told that we do not matter we have been called names the government is laughing at the people. It is time to end the humer.
Comment by Steven D.Upshaw on August 6, 2011 at 6:43am
All of this is smoke and mirrors by our elected officials to distroy what was once America and transfer power from the people to the hands of a few government elites. If this is allowed to continue your vote in 2012 will not amount to a hill of beans. It is all about the power we are fast on a way to the end of government as we have known it. It is time to face the facts the corruption in our government is so bad that even some of the Tea Party backed members that were elected in 2010 have bought into it. This is all a well laid plan that has been in the making for decades and is working with great efficiency. It is a government take over of all of our civil liberties. I have listened to people say " our govenment wouldn't do that" for years. Well they are and have been for years people. While we have lived in the comfort of our complacent lives the government has slowly and painlessly put us in a position for them to strip us of our liberty and now that plan is aggressively being pushed into its final stag. The action congress took to give this president the power to lift the dept cieling is to much power to place into one mans hands and is probably the single bullet that will bring us down. 
Comment by Patricia M. McBride on August 6, 2011 at 5:16am

No matter what happened in the housing debacle, this is a downgrade based on the poor judgement of the liberals and their big spending habits.  Certainly, we as a group, fought for them not to raise the debt limit, because it had already been stated without over 4 trillion in "real" cuts, they would downgrade.  We would have been far better off as a country not giving Mr. Obama the ability to borrow any more money to waste on foolishness which would further hamstring our economy!

 

This rests clearly on the shoulders of this president, and he was warned to make significant cuts and instead used smoke and mirrors yet again except for the military which now be cut to the point we won't have a credible force to protect our country!

Comment by Ron Ogletree on August 6, 2011 at 3:48am

"What are they really up to?"

 

Darrell Issa has uncovered the real stinker in the House Oversight Committee hearings on the "Gun Walker", aka, "Fast and Furious" scandal that has virtually all departments of the DOJ, State Dept and so on, for supplying high level arms to the drug cartels in Mexico and Central America.  This also goes all the way to the White Hut.

 

http://www.examiner.com/gun-rights-in-national/a-journalist-s-guide...

Comment by Richard Dickerson on August 6, 2011 at 1:07am
Why is Geithner still in the Treasury Dept? Don't cry for me Argentina? Maybe Hugo can help us out.
Comment by mark sawyer on August 5, 2011 at 11:16pm

The White House wants us to be focused on this while they are up to no good. Smoke and mirrors.

What are they really up to?

Comment by JL Gawlik on August 5, 2011 at 9:19pm
Here is interesting article from the WSJ:  

National Debt Clock

  

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