On Friday 8/5/2011, Standard & Poor's lowered the United States of America's credit rating. I believe it was done primarily because of the difficulties on Capitol Hill, recently while negotiating the Debt Ceiling increase. Friday afternoon the Dow Jones dropped 513 points for the day. During the weekend the Asian Stock Markets experienced shocking losses, too. Today, Monday 8/8/2011, Dow Jones closed down 635 points after a phenomenal roller coaster slide on Wall Street. In the last two trading days the Market has dropped a total 1148 points. What all this equates to is that President Barack Obama gets a failing grade for his handling of the economy. In essence the Report Card for the Obama Administration is in, and the results are an F for Failure. The President can take this personal since he is the CEO of the U.S. Corporation; He can not deflect his responsibility on anyone; He promised change and hope, and has delivered nothing but excuses and platitudes.
Last week Mr. Obama celebrated his birthday in Chicago during a fundraiser with his closest supporters while the nation languished in the depths of the worst 'recession' since the Great Depression. The President reminds me of the Carly Simon song: You're so vain; He thinks everything revolves around him. Mr. Obama can do no wrong in his own mind; Yet, he has achieved nothing tangible during his 2 1/2 years tenure, except to side routinely with his fellow Democrats. The President talks a good game, but he can't score or change the outcome of the game.
The Dow Jones Industrial drop during the last two days, and the Standard & Poor's downgrade of the United States' credit rating is a direct indictment on the President's performance. No one can doubt such a clear and present fact. If you are the CEO of a Corporation you are responsible for all that happens within your organization. You can not project your problems on anyone since you are the one elected or selected to solve all of the entity's concerns.
The Report Card is in, and the average grade is a dismal F; The Failing Grade reflects Mr. Obama's failure to lead this country into prosperity, and away from all the mayhem that has accentuated most Congressional proceedings since Mr. Obama was inaugurated. He picked experts to surround and advise him on Domestic and Foreign issues; yet, the results seem more like an amateur night at the County Fair. The President and his experts are frankly not up to the task. Speaking of which I remember Mr. Obama once spoke about "bring a knife to a gunfight". Well, metaphorically, the President brought a "How to fight Wars" technical manual to a military command post, and the enemy is beating us badly.
The Report Card is in, and I ain't gonna lie to you: You Failed!
The Dow Jones Industrial drop during the last two days, and the Standard & Poor's downgrade of the United States' credit rating is a direct indictment on the President's performance. No one can doubt such a clear and present fact. If you are the CEO of a Corporation you are responsible for all that happens within your organization. You can not project your problems on anyone since you are the one elected or selected to solve all of the entity's concerns.
The Report Card is in, and the average grade is a dismal F; The Failing Grade reflects Mr. Obama's failure to lead this country into prosperity, and away from all the mayhem that has accentuated most Congressional proceedings since Mr. Obama was inaugurated. He picked experts to surround and advise him on Domestic and Foreign issues; yet, the results seem more like an amateur night at the County Fair. The President and his experts are frankly not up to the task. Speaking of which I remember Mr. Obama once spoke about "bring a knife to a gunfight". Well, metaphorically, the President brought a "How to fight Wars" technical manual to a military command post, and the enemy is beating us badly.
The Report Card is in, and I ain't gonna lie to you: You Failed!
I won't beat around the bush, or will I say that there's a silver lining behind this cloud. It's as clear as day light, Mr. President you were a Community Organizer with Gamaliel in Chicago; But, your expectations were way over your capacity when you thought you could be President of the United States of America. The results are in and they show that a degree from Columbia or Harvard does not a president make. Scholarship does not equate to thinking on the level of a president of the largest economy, and greatest country ever. You tried and failed.
Why don't you do like your predecessor Lyndon B. Johnson, and not run for re-election?
Face the facts: The Report Card is in...
In today's speech President Obama mentioned his friend the Tycoon Warren Buffet (from Omaha) of Berkshire Hathaway:
The markets, on the other hand, continue to believe our credit status is AAA. In fact, Warren Buffett, who knows a thing or two about good investments, said, “If there were a quadruple-A rating, I’d give the United States that.” I, and most of the world’s investors, agree.
Well, speaking of Warren Buffett and Berkshire Hathaway:
Standard & Poor's cut its ratings outlook on Warren Buffett's conglomerate Berkshire Hathaway to negative from stable .
Need I say anymore?
Arsenio.
.
Why don't you do like your predecessor Lyndon B. Johnson, and not run for re-election?
Face the facts: The Report Card is in...
In today's speech President Obama mentioned his friend the Tycoon Warren Buffet (from Omaha) of Berkshire Hathaway:
The markets, on the other hand, continue to believe our credit status is AAA. In fact, Warren Buffett, who knows a thing or two about good investments, said, “If there were a quadruple-A rating, I’d give the United States that.” I, and most of the world’s investors, agree.
Well, speaking of Warren Buffett and Berkshire Hathaway:
Standard & Poor's cut its ratings outlook on Warren Buffett's conglomerate Berkshire Hathaway to negative from stable .
Need I say anymore?
Arsenio.
.
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