Trickle Up Poverty or Obamanomics
Unable to accept responsibility for their action the blame game is in full swing. This past April, Standard and Poors laid out their opinion as what had to be done in order to avoid a downgrade. After Obama failed to lead, and the democrats more concerned with buying votes or paying off voters; they completely disregarded Standard and Poors and proceed to increase the debt with no real savings.
Standards and Poors having said that real actions had to be implemented to avoid a downgrade; it was their opinion that nothing was done and they issued the downgrade. Now Moody’s has put the United States on notice that may downgrade US sovereign debt with the next two years. However, Standard and Poors did downgrade Fannie May and Freddie Mac this morning.
Blame Game
From Hobbits to terrorists to debt downgrades, all the United States problems are the fault of the TEA Party. That seems to be the opinion of the progressives not just in Congress but also over at the White House.
On CBS Sunday David Axelrod appeared on Face the Nation and said that this was a “tea party downgrade.” The interview is below…
The Progressive Plan
The card they have been trying to play is the class warfare. Great move that they think. Their problem is that like in Europe those that have money left will try and protect themselves by moving that money. Just look at this morning’s opening treasuries. Even with a downgrade, money is moving into treasuries and thusly pushing the rate down.
Their attack on small business owners and the upper class will ultimately lead them to stop spending and that will give us a real depression. Amilya Antonetti of AMA Productions gives insight of the producers and what it is to be run a business…
Actually Happenings
Without the TEA Party, taxed enough already, there would have been not debate on spending. There would have been no debate on debt. There would have been no call for Washington to act responsible. Without the TEA party the United States would still be at full speed to cliff that engrossed Europe.
They want to blame the TEA party for the downgrade. They should have read the Standard and Poors alert. Had the progressives agreed with the TEA Party there would have been higher cuts and no downgrade.
Yet they are not able to act like men and stand to account for their reckless actions. They would prefer to cry and point their fingers at everyone else and blame them for their actions. It was not the TEA Party that went to Washington and tried to spend the country to bankruptcy. Nor was it the TEA Party that promised everything to every by paying for it by the yet to be born.
The TEA Party does not believe that the way out of this is “Trickle Up Poverty.”
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