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Video and Audio Title: Watch: Wisc. Tea Partiers Cheer S&P Downgrade Tea Party Express supporters in Wisconsin Sunday seemed proud to take the blame for S&P’s downgrade of U.S. credit. “This week — and I wrote it down — they are blaming the credit downgrade on the tea party movement,” Tea Party Express’ Shea King told the crowd. King’s announcement was met with cheers and applause. “They are calling it ‘the tea party downgrade.’ They are objectivizing [sic] us,” she added. Both Sen. John Kerry (D-MA) and Obama adviser David Axelrod called the knock on the U.S. credit rating a “tea party downgrade” Sunday. Watch this video from We Are Wisconsin PAC, uploaded Aug. 7, 2011.
(H/T: Mother Jones) Subscribe to *TeaParty Economics on Parade* Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest The Tea Party didn't spend the country into bankruptcy. Indeed, they've tried to STOP this nonsense. The Tea Party didn't rob the Social Security accounts, taking the money and spending it on pet-projects, and now leaving the aged without their promised safety-net. Bloated government is the problem. The Tea Party is the solution. It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow slogans from 1984: War is peace. They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished. Stephen King observed, "The beauty of religion mania is that it has the power to explain everything... [so] logic can be happily tossed out the window. This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots... THEIR God... is the STATE. #2. To: Capitalist Eric (#1) Bloated government is the problem. If downgrading results in higher interest rates then the tea party is shooting itself in it's collective foot. "...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly #3. To: lucysmom (#2) If downgrading results in higher interest rates then the tea party is shooting itself in it's collective foot. If you think the Tea Party is responsible for the downgrading, then you should shoot yourself in the head. It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow slogans from 1984: War is peace. They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished. Stephen King observed, "The beauty of religion mania is that it has the power to explain everything... [so] logic can be happily tossed out the window. This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots... THEIR God... is the STATE. #4. To: Capitalist Eric (#3) If you think the Tea Party is responsible for the downgrading, then you should shoot yourself in the head. If it is true that financial markets are not concerned about the size of the debt, but about the way some in government are willing to handle the debt - then yea, the tea party bears some responsibility. "...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly #5. To: lucysmom (#4) If it is true that financial markets are not concerned about the size of the debt, but about the way some in government are willing to handle the debt - then yea, the tea party bears some responsibility. False logic. The markets are now becoming concerned about the size of debt (the propaganda is finally proving to be false). The government has NOT been willing to handle the debt, and the Tea Party has tried to force the government to address these problems. If the Tea Party "bears some responsibility," it is for the fact that they failed to rein-in the spendthrifts in DC... It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow slogans from 1984: War is peace. They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished. Stephen King observed, "The beauty of religion mania is that it has the power to explain everything... [so] logic can be happily tossed out the window. This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots... THEIR God... is the STATE. #6. To: Capitalist Eric (#5) The markets are now becoming concerned about the size of debt (the propaganda is finally proving to be false). TREASURIES-US bonds soar on safe-haven bid despite downgrade
http://www.reuters.com/article/2011/08/08/markets-bonds-idUSN1E7771RC20110808 "...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly #7. To: lucysmom (#6) Capitalist Eric: The markets are now becoming concerned about the size of debt (the propaganda is finally proving to be false). Rule of Disinformation #13. Alice in Wonderland Logic. Avoid discussion of the issues by reasoning backwards with an apparent deductive logic in a way that forbears any actual material fact. Rule of Disinformation #15. Fit the facts to alternate conclusions. This requires creative thinking unless the crime was planned with contingency conclusions in place.
The volatility in the market- caused the by the Feds' easy-money policies, had created another stock market bubble. The stock market is OVERSOLD, and prices are WAAAAAAAAAY too high.... Now that the bubble is popping in the stock market, people are cashing out, going into bonds, as a "safe haven" against the volatility in the market (and the long slide that's already started). Because while the bond market faces long-term risks, in the short term, it's safer than losing your ass in the DJIA meltdown. Do you actually UNDERSTAND the things you post, or do you just look for stuff that seems to (somewhat) agree with your Alice-In-Wonderland viewpoint? It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow slogans from 1984: War is peace. They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished. Stephen King observed, "The beauty of religion mania is that it has the power to explain everything... [so] logic can be happily tossed out the window. This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots... THEIR God... is the STATE. #8. To: Capitalist Eric, Godwinson (#7) Now that the bubble is popping in the stock market, people are cashing out, going into bonds, as a "safe haven" against the volatility in the market (and the long slide that's already started). Because while the bond market faces long-term risks, in the short term, it's safer than losing your ass in the DJIA meltdown. Sounds socialist to me. Has anyone told these safe-haven investors that conservatives have been saying for years that Social Security money invested in government is nothing but worthless IOUs? "...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly Top • Page Up • Full Thread • Page Down • Bottom/Latest |
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