Monday, August 08, 2011

DNC Head Wasserman-Schultz Blames S&P Downgrade On 'Tea Party Tyrants'

The head of the Democratic National Committee hearted Sen. John Kerry's (D-Mass.) statements in blaming the Tea Party for the U.S. credit downgrade and calling on the media not to give equal time or equal balance to their views.

Rep. Debbie Wasserman Schultz (D-Fla.) quoted Kerry's comments made Sunday on NBC’s “Meet the Press" and noted, "Truer words were never spoken." She referred to the Tea Party as"tyrants' for opposing President Obama's 'grand bargain' - even though the president never actually advanced an actual plan of his own!

All the president ever had was a wants list - a new credit card with higher limits, minimal spending cuts that mostly came from national defense, higher taxes, and a provision to kick the can down the road past the 2012 elections so he didn't have to deal with it.

This is beyond farce.

Was it the Tea Party that ran up massive debts or voted in a trillion dollar 'stimulus' that created no jobs but simply plundered the treasury to reward Obama's political allies? Was it the Tea Party that quadrupled the deficit? Was it the Tea Party that refused to pass a budget, or weakened the US dollar through 'quantitative easing'? The Tea Party that got us involved in a neo-colonialist war in Libya that serves no US policy goals and that we can't afford?

No...the last time I checked, those are the achievements of President Obama and the Democrat super majority in Congress.

The Tea party might make a convenient scapegoat, and some people might actually swallow this bolshoi, but that doesn't change its basic nature or remove the stench.

Good luck selling that...but I don't think most Americans are going to buy it.

(via memeorandum)

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Rosey said...

There is spin and then there is spin. People will believe what they want to believe, facts be damned. The markets sold off 6% today, that is an extraordinary amount. I think S&P got it right, because there was simply no other way to send a message to Congress and the President, and the American people. I'd like to see if BamBam is still at 40% approval this week.

It is odd though, S&P rated toxic mortgage backed securities as AAA which essentially got us into this mess, and they even rated Lehman highly as they were whirling down the bowl. What's got into them? I hope Moody's & Fitch Follow suit, as they usually do.

louielouie said...

to see if BamBam is still at 40% approval this week.

probably more like 48%.

these are hussein's public events this week.

Monday: Attends two evening fundraisers in Washington.

Tuesday: Visits Interstate Moving Services in Springfield, Virginia, to announce fuel efficiency standards for work trucks, buses, and other heavy duty vehicles.

Wednesday: Hosts White House Iftar dinner celebrating Ramadan.

Thursday: Travels to Holland, Michigan to tour the Johnson Controls Inc. advanced battery facility and talk about advanced vehicle technology.

Friday: Welcomes the Super Bowl XLV Champion Green Bay Packers to the White House.

what downgrade?