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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 Begin Trace Mode for Comment # 8. 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.
#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.
#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.
#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.
#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...
#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
#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?
#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?
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