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What one erstwhile supporter of Obama is saying today

Posted by B. Daniel Blatt at 12:59 pm - August 8, 2011.
Filed under: Debt Crisis,Obama Incompetence

A Facebook friend who was one of the first to champion the then-junior Senator from Illinois had this to say about the man he so enthusiastically backed for the 2008 Democratic nomination:

S&P downgrade of US credit rating from AAA to AA+ is a stark reminder why Obama will go down as the worst President in modern history. Congress – both houses, both parties – rank pretty high on the pusillanimity index too. They should all be ashamed of themselves.

Emphasis added.

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7 Comments

  1. Agreed. That is why it is imperative that the liberal wings of both parties be placed into permanent minority status. Both wings were complicit in protecting a recalcitrant President instead maintaining the credit rating of the USA. In the private sector, the CEO would have been booted.

    Comment by rjligier — August 8, 2011 @ 1:23 pm - August 8, 2011

  2. Yes. but where is the Democratic Party stalwart to challenge and/or take-down Obama from being re-nominated? Obama’s traveling about the Nation by Air Force One fly-ins and Presidential motorcades collecting HUGE gobs of Party-faithful cash and expecting the fealty of the faithful as it he has no challenger within the Party.

    “Faithful Elector” laws in many of the states will preclude a last-minute floor-nomination of Hillary by the Convention’s state delegations who are locked-in for the first four-to-six rounds of votes. As-much as I don’t like her, she’s perhaps has the most-stature to make meaningful compromises with the GOP if she’s elected. Currently I just don’t see a GOP candidate who’s both doing favorably in the polls, AND who can do the compromises necessary. Maybe Huntsman…maybe Huntsman….certainly not Romney, Bachmann or Pawlenty.

    (My spell-check equates “Bachmann” with “Eichmann”, …**shudder**)

    Comment by Ted B. (Charging Rhino) — August 8, 2011 @ 1:43 pm - August 8, 2011

  3. Congratulations Comrade Obama. You have managed to do something I thought I would never say: Jimmy Carter is not the worst President in my lifetime.

    Comment by davinci — August 8, 2011 @ 2:21 pm - August 8, 2011

  4. Once Obama’s former supporters learn the hard way Marxism doesn’t work, they will never go back. The Democrats have removed the mask to reveal their inner Communist with President Obama, Rep. Nancy Pelosi, & Senator Harry Reid.

    Comment by Sebastian Shaw — August 8, 2011 @ 3:41 pm - August 8, 2011

  5. It all a ploy to justify some serious “wealth redistribution” against the wealth creators of our economy for the benefit of the parasites.

    Comment by Ted B. (Charging Rhino) — August 8, 2011 @ 4:20 pm - August 8, 2011

  6. A knowledgeable observer, Niall Ferguson, says our reputation with China is toast: http://www.thedailybeast.com/newsweek/2011/08/07/china-s-view-of-the-debt-debate-america-in-decline.html

    And why does it matter?

    According to official figures, mainland China holds $1.1 trillion in U.S.-government debt instruments. But it’s an open secret that the Chinese authorities also like to buy Treasuries via intermediaries in London, Hong Kong, and elsewhere. Add the U.K. and Hong Kong figures and the total is closer to $1.6 trillion—about 17 percent of the federal debt in public hands. And if you include nongovernmental securities [ed: Freddie Mac? Fannie Mae?] held in China’s international reserves, the U.S. debt to China rises to more than $2 trillion.

    I don’t expect China to dump their U.S. bonds. But over a period of years – a period starting about, oh, this year – we will feel the pinch, as China stops lending us new money. Same with Japan, who need it for themselves now (reconstruction + tons of old people).

    Comment by ILoveCapitalism — August 8, 2011 @ 5:27 pm - August 8, 2011

  7. Ted – we do not want a candidate that panders and compromises with the left. Compromises is what has got us into this mess. The so-called “Conservatives” in Washington signed on to many liberal spending first by Bush himself and later Oblahma. All of this in the name of Compromise. I for one am tired of liberal spending sprees and a so-called “Conservative” compromise that goes along with it, rather than sticking up for the fiscal core values. I am no fan of the Extreme Religious Right and their constant attack on GLBT’s, but they are the ones that are for fiscal responsibility. No more spending, no more taxes, and it is time for a balanced budget -even if we have to have a constitutional amendment to achieve it!

    Comment by Dameon — August 9, 2011 @ 5:27 am - August 9, 2011

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