Monday, August 8, 2011


I give myself a downgrade for the prolonged silence here. I've been paralyzed by the freak show of the spectacle of the Congress in Paralyse. The horrible prolonged haggling over the debt ceiling and the President's caving to the Tea Party's hostage taking of our future has led to a downgrade by S&P.  Frankly I think it's long overdue.  Today they've downgraded Fannie & Freddie who happen to hold the Mortgage on my house. This doesn't make me feel too terribly safe, but I've never felt terribly safe so...nothing new here, move along, nothing to look at, just another old wreck...

Friday anybody watching news (like I do, obsessively) saw the Dow fall off a cliff and then, when the Market's closed, heard the news that S&P dropped our Credit Rating from AAA to AA & 1/2.  Is this a wake up call to the Tea Party that their brinkmanship is disastrous as a governing strategy? Fuck no! It's exactly what they wanted. Bring us to our knees, starve the beast! And in so doing defeat Obama! Well then, mission pretty much accomplished!

Now it's Monday, a little after noon and the Dow is plummeting again. The news is bad all over the world. Happy Tea Party?


Nan said...

The downgrade means interest rates will go up. Interest rates go up, banks and Wall St. make more money.

Liberality said...

It's like Nan said--the banks, in the short term, are going to make more money. Average investors will lose their retirement and big fat cats on Wall Street will return to sop up the mess--to their advantage of course.

Yep, nothing new here at all!

jadedj said...

What the hell, those guys have to pay for their untaxed corporate jets get their kids to summer camp, you see. It's a bitch out there in the upper 1.

Utah Savage said...

This is precisely why they didn't want Elizabeth Warren as our Watchdog at Consumer Protection Agency.

Fran said...

On the other hand, the US has been in this pretend economic bubble- pay no attention to this whopping debt. Wars as usual???

I don;t want things to totally unravel just to prove someone's political point, but somewhere along the line, there needs to be a reality check.

Kay said...

amazing how the tea baggers love to defend their rich masters by crying new taxes...well who is paying for this Republican led debacle? sigh...

Michelle said...

Nice to see you back. I have nothing else (constructive) to say. There really is nothing constructive to say. I'm just sitting here trying to invent new catfood salad recipes. ;)

Truth 101 said...

Corporations are flush with cash. 1.2 trillion at last count. In the end, the Exxons and GE's don;t suffer. They have money and clout. The small businessman and working stiff get the shaft.
Then hundreds of them show up at tea bagger rallies. Ignorance is easily exploited.

amberdixie17 said...

Very nice blog! Great! I will bookmark your blog and take the feeds also. interiors melbourne

Lester King said...

I'm so glad that you're back. Yeah! I am always hearing bad news most of the time. I really want to be aware of what's going on even though I'm so tired of all the bad news. Thanks for the post! I look forward to read more posts from you. More power!

Do you want to quit smoking cigarettes but having a hard time to let go of all those tobacco stuffs? Well, Smokebot Electronic Cigarette is the best alternative you can have. Visit their website at for further information.

Lester King said...

Amazing blog and very interesting stuff you got here! I definitely learned a lot from reading through some of your earlier posts as well and decided to drop a comment on this one! canada spa

Aina Siao said...

Awesome blog. Keep it up! More power! Looking forward to reading more posts from you. Pregnancy Miracle


sac burberry
sac chanel
chaussures nike
porte cles chanel
bracelet louis vuitton
chaussures puma
portefeuille louis vuitton
chaussures louis vuitton
sac a main
chaussures Christian Louboutin
dolce gabbana tasche
ed hardy tasche
fendi tasche
tee-shirts louis vuitton
louis vuitton pas cher
sac juicy
sac guess 2012 soldes
sac guess pas cher
tee shirts prada
tee shirts louis vuitton
prada bolsas
versace bolsas
Christian Louboutin Soldes
Christian Louboutin 2012
sandales Christian Louboutin
Christian Louboutin pas cher
chaussures Christian Louboutin
sac louis vuitton 2012
louis vuitton soldes