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JaysRage (93.75)

The reactions were predictable

Recs

13

August 08, 2011 – Comments (6) | RELATED TICKERS: GE , SLT

The Republicans blamed the Democrats.

The Democrats blamed the Repulicans.

Both sides attacked the messenger (along with Buffet), and claimed that they are clearly wrong and that there is no real problem.   The S&P has it wrong.   

This is uncharted territory.   The U.S. has never lost it's AAA rating, and I personally think the S&P has it right.....especially when you watch the reaction in Washington.     

We have a leadership void in this country.   Give me a leader that can stand up and tell me that every single person in Washington has failed this country, but that they are going to get it fixed.   I'm tired of the blame game.   I'm tired of pointing fingers.   I'm tired of heads buried in the sand.  I want a commitment to get it fixed.

6 Comments – Post Your Own

#1) On August 08, 2011 at 3:57 PM, TheDumbMoney (58.55) wrote:

"I'm tired of the blame game.   I'm tired of pointing fingers.   I'm tired of heads buried in the sand.  I want a commitment to get it fixed."

Me too.

It's all YOUR fault!

(Just kidding.)  :-) 

 

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#2) On August 08, 2011 at 4:04 PM, motleyanimal (97.54) wrote:

I often hear people call for a strong leader, but I think few people realize that our government was designed to prevent exactly that.

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#3) On August 08, 2011 at 4:17 PM, JaysRage (93.75) wrote:

Good point motleyanimal, but our government wasn't designed as a two-party system, either, and much of our problems (as predicted by George Washington himself) come from the party system and partisan bickering.

We've still had periods in our history where strong men (and women) have risen up and helped this country to move in the right direction.  

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#4) On August 08, 2011 at 4:40 PM, TMFBlacknGold (99.35) wrote:

The leadership deficit is just as serious as any entitlement program deficit or budget deficit. Perhaps the one that dooms us as well.

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#5) On August 08, 2011 at 6:23 PM, edwjm (99.83) wrote:

I agree S&P got it right.  The intensity of the reaction is confirmation.

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#6) On August 11, 2011 at 6:45 PM, chk999 (99.98) wrote:

Sadly, I think we were going to keep going along the path of more debt until we go downgraded. I hope this is the slap across the face with a wet fish that it takes to get us to wake up and put our fiscal house in order.

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