For someone that usually never shuts his mouth

[Kramer]

For someone that usually never shuts his mouth:

Today, a few days after the downgrade, the falling markets, Barry is silent. The only thing in life Barry does well is flap his lips (no doubt to be misconstrued as a racist statement) and today of all days he's silent, not a peep, not a word, not a speech; he's not even blaming everyone but himself.

I picture him lying in the fetal position, uncontrollably sobbing in Michelle's lap, knowing that he is going to lose his playground. Not soon enough though!

[Kramer]

On second thought, maybe it would be best if for once he kept his mouth shut. Likely the smartest thing he's done as president up to this point.

Opening up his mouth will only make the markets tank further. Oh and Joe PLEASE shut your fat trap too.

[Kramer]

Well, no sooner did he open his fat mouth and the market fell over 600 points!! What a moron!

http://news.yahoo.com/obama-calls-us-aaa-nation-despite-aa-rating-180828644.html

WASHINGTON (AP) — President Barack Obama on Monday essentially dismissed the first-ever downgrade of the U.S. credit rating, trying to reassure investors and the public that the nation's leaders need only show more "common sense and compromise" to tame a staggering accumulation of debt.

Seeking to demonstrate command in a volatile economic climate, Obama said he hoped the decision by Standard & Poor's would at least give Congress a renewed sense of urgency to tackle debt problems. He said that must be done mainly by taking on the politically difficult issues of reforming taxes and entitlement programs in the coming months.

In his first public comments on the credit downgrade, which S&P announced late Friday, Obama said Washington had the power to fix its own political dysfunction.

"Markets will rise and fall," he said. "But this is the United States of America. No matter what some agency may say, we've always been and always will be a triple-A country."

S&P officials dropped the government's rating to AA+ from the top rating, AAA, based on a lack of confidence that Congress and the president will be able to shake their political gridlock and make more serious reductions in the long-term debt. The agency was dissatisfied with the deal lawmakers reached last week just in time to prevent a government default.

Obama said most of the world's investors agree that the United States remains a wise place to put their money.

Still, stocks sunk in trading Monday as U.S. investors joined a global sell-off after the downgrade.

[Kramer]

He has shifted back to silence!



White House cancels Obama speech, press briefing

One day after the stock market took its biggest plunge since the 2008 financial crisis, President Obama on Tuesday canceled a previously scheduled speech at a local moving company, and the White House also pulled the plug on the daily press briefing.

Instead of traveling to Springfield, Va.-based Interstate Moving Services and making public remarks on fuel efficiency standards for work trucks, Mr. Obama will meet privately with industry officials at the White House this morning — and that meeting will be closed to the press, the White House announced in a scheduling update Tuesday morning.

In addition, a 12:30 briefing with press secretary Jay Carney has been canceled, the update said.

On Monday, the stock market suffered its worst blow since before the president took office, with the Dow Jones Industrial Average plummeting more than 630 points — losing more than 5 percent of its value and plunging below the 11,000 line. The turmoil came after ratings agency Standard & Poor’s late on Friday cut the country’s credit rating from AAA to AA-plus for the first time in U.S. history.

Mr. Obama addressed the downgrade in a brief speech Monday, but his remarks failed to calm the markets, which only continued their decline. In the address, he said S&P’s decision is a result of Washington gridlock and the lack of political will in the nation’s capital.

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http://www.washingtontimes.com/news/2011/aug/9/white-house-cancels-obama-speech-press-briefing/