OBAMA'S CHANGE = ECONOMIC CHAOS
CHANGE WE CAN BELIEVE IN = GEITHNER'S GOTTA GO!
Obama, Democrats Lied – Gambled the Debt-Ceiling Deal Would Mollify Ratings Agencies
Now that the Stock Market and Investment Funds are Reacting to Washington's FAILURE, Obama and the Complicit Two-Party Establishments are Blaming US??!
Put the responsibility on the person with the portfolio – U.S. Treasury Secretary Timothy Geithner has FAILED the nation, and Geithner has GOT TO GO! Sen. Rand Paul (R-KY) has introduced legislation to force Geithner's removal if the man doesn't have the decency to resign.
TIME FOR AUGUST PITCHFORK RALLIES, TOWNHALL TEMPESTS, AND BLAST-FAXING STORMS TO EVERY CONGRESSIONAL FAX LINE NUMBER WE HAVE – AND OBAMA'S FAX, TOO!
Despite repeated warnings from the rating agencies, the Obama administration contended for months that a Debt Ceiling Deal with Congress would secure the U.S. economy against threats of an imminent downgrade of our credit rating. Obama flatly refused to even consider Cut, Cap and Balance – the only bill in play with a credible plan for containing the out-of-control U.S. debt & deficit spending crisis. So Obama got his "historic Deal" and the inevitable credit downgrade promptly followed – contributing to equally historic plunges not only on Wall Street, but also the Tel Aviv and Hong Kong markets. In one fell swoop, Obama delivered a crushing blow to middle America's already bleeding bottom line – wiping out investments, college savings and retirement accounts, and gravely weakening the economies of the entire Westernized world.
Predictably, the Republican Party Establishment colluded with the Democrats, going along with the big-government flow and refusing to stand our ground on the only legislation that could have satisfied the rating agencies – the already bi-partisan passed Cut, Cap and Balance bill!
Obama, in response to the downgrade and the economic havoc it is exacerbating (that follows on last week's market losses from dismal jobs and negative growth reports) said his administration "knew from the outset" that the nation was at risk of a credit rating downgrade even if Congress reached an agreement to raise the debt ceiling. But this is NOT what Obama or Harry Reid were saying as they wheedled their $7 TRILLION MORE DEBT, sham, business-as-usual "Deal" out of GOP Congressional "leaders" John Boehner and Mitch McConnell!
They were threatening DEFAULT, and seniors reduced to eating cat food! So if it was true they saw the downgrade coming, why are Obama and his people acting so shocked and outraged by Standard and Poor's action? They are aggressively playing the blame game and condemning us conservatives – desperately flailing to assign fault to the Tea Party – even as they incoherently try also to belittle the significance of the downgrade.
Democrat lawmakers and Obama operatives have gone on the attack against the Tea Party and conservatives – but we were the ONLY people who took the ratings agencies seriously, and advanced the start of legislative SOLUTIONS to contain our mounting debt. The Left is trying to shift the economic fallout of their debacle onto the patriots who sounded the alarm and offered the only concrete action to even begin addressing the crisis: the Cut, Cap and Balance bill. WE need to put responsibility for Obama's debt and the resulting economic disarray RIGHT BACK ON THEM! THEY passed this DIRTY DEAL that has done NOTHING but intensify our problems! THEY NEED TO GET BACK TO THE DRAWING BOARD AND START MAKING THE REAL SPENDING CUTS – $4 TRILLION SLASHED FROM A ZERO BASELINE BUDGET – THAT ARE A CREDIBLE START TO SOLVING THIS MESS!
We need a SOLUTION to runaway debt and deficits – NOT EXCUSES, NOT PLOYS AND SCHEMES! AND CERTAINLY NOT MORE DEBT!
Congress is HOME for August Recess, HAVING SHIFTED THEIR RESPONSIBILITIES TO A "JOINT SELECT COMMITTEE" – AN OLIGARCHIC ELITE – TIME TO SHOUT "NO SALE" – and they NEED TO HEAR IT from YOU!
Let's SHUT DOWN the DIRTY DEALS! THIS IS NOT WORKING!! TIME TO ADMIT FAILED POLICIES AND DO THE RIGHT THING! The WHOLE CONGRESS needs to CUT THE SPENDING!
It is NOT true that Obama saw the downgrade coming. This is the same Triple A liar who claimed his election would slow the oceans' rise and heal the planet – and it just never dawned on him his Marxist, economic incompetence could smash into market realities.
The truth, of course, is that "from the outset" of the debt debate, Obama and his faction simply ignored the prospect of a ratings downgrade, so they could take advantage of the debt crisis and demagogue the specter of default. They gambled that scaremongering with threat of a national default could intimidate even the most fiscally-conservative Congressional freshmen into spending-as-usual, and that a higher debt ceiling would sooth rumblings in the financial markets. Ooops.
Treasury Secretary Timothy Geithner famously told Fox Business there was "absolutely no risk" of a United States credit rating downgrade, because congressional leaders would raise the debt ceiling. Asked in the wake of the Wall Street carnage by the New York Times if the Obama administration's policies were in any way responsible for the downgrade, Geithner's reply: "absolutely not." Geithner absolutely is NOT competent for his position, poses a clear and present danger to the fiscal health and stability of the nation – and however unseemly such a course of action would be, must be removed if he will not resign in disgrace. Sen. Rand Paul (R-KY) has introduced legislation to force Geithner from office, if necessary.
On the rare occasions when Obama even mentioned downgrade, it was to distort the facts and demonize the Tea Party. "Congress is suggesting we may not vote to raise the debt ceiling," Obama said at a July Twitter town-hall meeting. "If we do not, then the Treasury will run out of money and potentially the entire world capital markets could decide, you know what, the full faith and credit of the United States doesn't mean anything. And so our credit could be downgraded."
But in fact, S&P issued a report within days of that town-hall comment that the U.S. credit rating could be downgraded not only in the event of a default, but "unless substantial and credible agreement is achieved on a budget that includes long-term deficit reduction."
Yet there was no correction from ObamaÂ – this administration's persistence in failure borders on the malicious. His press secretary Jay Carney persisted in pushing White House talking points that raising the debt ceiling would be sufficient to prevent a downgrade:CARNEY: "The rating agencies are obviously – they make their decisions. We're not – a downgrade is a bad thing; a default is a catastrophic thing. We obviously – the focus we have to have is on the necessity of reaching an agreement that can pass both houses and be signed into law, that will extend our borrowing capacity to pay the bills we've already run up… We've had the highest rating available for a hundred years, and we should maintain that if we just do the responsible thing."
And Obama's big answer to the crash now that it's come? "No matter what some agency may say, we've alwaysbeen and always will be a triple-A country." He'll need to tell it to the marines, because the markets can't hear him… here and abroad they continued to tumble after our lead-from-behind leader's petulant pep talk. It seems certain – the worst of this chaos is yet to come unless We the People TAKE BACK accountability and control of our government NOW!
Your voice MUST be heard – we need your urgent help at DAPAC to get more Americans involved in this fight. MAKE SURE YOUR DEMAND FOR GEITHNER'S REMOVAL AND THE ESSENTIAL RE-ENACTMENT OF CUT,CAP & BALANCE GETS TO YOUR CONGRESSMAN'S DISTRICT OFFICE AND THE HALLS OF THE CAPITOL TODAY, and help us lobby the Washington establishment to DO THEIR DUTY! FAX CONGRESS NOW, and HELP SPREAD THE WORD! IT IS TIME FOR PITCHFORK RALLIES and TOWN HALL MEETINGS IN HOME DISTRICTS TO GET TO WORK RESTORING AMERICA'S FULL FAITH AND CREDIT!
More citizens need to get involved. Even smaller donations are going to help. Any amount – $1000, $500, $250, or even $100 will assist us in waging this urgent battle to RESTORE CONSTITUTIONAL AUTHORITY, help strengthen Sen. Rand's hand on policy and procedure, make Congress lawful and accountable, remove Geithner, and save America from Obama. It's time we stood up and said enough is enough! Please join us with your DAPAC donation TODAY. Thank you.