Monday, 8 August 2011

Peter Schiff on the downgrade

The Schiff Report Video Blog from Aug 6th 2011:

On Friday evening Aug 5th Standard & Poor's downgraded U.S sovereign debt from AAA to AA+ with a negative outlook. By raising the debt ceiling Congress and Obama had hoped to avoid a downgrade. Ironically it was their very actions that caused the downgrade to happen.

Hat tip: Max Keiser

Also, here's Obama's 2012 re-election poster, courtesy of The Whited Sepulchre, who note:
"This poster isn't fair. The Republican Party should be featured in the background of this thing. The Obama/Reid/Pelosi Axis Of Incompetence didn't get us downgraded by acting alone. But damn, this is funny!"
Hat tip to Libertarian Blog Place, where I saw the above.

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