Business

‘Outlook Negative’: Beck Favorite ‘Zero Hedge’ Analyzes S&P Downgrade

Zero Hedge:

We have lowered our long-term sovereign credit rating on the United States of America to ‘AA+‘ from ’AAA‘ and affirmed the ’A-1+’ short-term rating.

We have also removed both the short- and long-term ratings from CreditWatch negative.

The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.

More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.

Since then, we have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government’s debt dynamics any time soon.

The outlook on the long-term rating is negative. We could lower the long-term rating to ‘AA’ within the next two years if we see that less reduction in spending than agreed to, higher interest rates, or new fiscal pressures during the period result in a higher general government debt trajectory than we currently assume in our base case.

Read the rest here.

Comments (120)

1 2 3
  • The Oligarchy
    Posted on August 5, 2011 at 11:40pm

    Watch for Soros to leave the country … imo that is when the dam breaks. Just like he is wanted in Malaysia (i think ) for economic crimes against their currency.He did there what he is trying to do here. Look for renewed calls to end the dollar as the world reserve currency(very good info about this from Stainsberry Research just google end of america or look on you tube). We are in for rough times,whether they come soon or in the next few years… i woke up late and have been trying to catch up on this stuff for the last year or so. Hope and pray we have enough time.

    Report Post »  
    • banjarmon
      Posted on August 5, 2011 at 11:48pm

      Tanks BO the S O B

      Report Post » banjarmon  
    • 1TrueOne55
      Posted on August 5, 2011 at 11:55pm

      Yeah he just disbanded his hedge fund to keep his investors secret but he failed in that since there is a 1996 Time magazine article on the internet that spells out his “Secret-Not-So-Secret” investors. Like Queen Elizabeth, Citi-Corp, and other British based ultra rich bankers. Even some highly rich jews like himself, does Marc Rich ring a bell, yeah “Slick Willy” Clinton pardoned his arse just before leaving office.

      Here is the link to the article that I found:

      http://www.questionsquestions.net/docs04/engdahl-soros.html

      Report Post » 1TrueOne55  
    • SavingtheRepublic.com
      Posted on August 6, 2011 at 12:43am

      ^____^____^
      Posted this while back and sent it as a tip to The Blaze I think it was a move by Soros:

      The $1B Armageddon Trade Placed Against The US http://etfdailynews.com/2011/07/25/investors-the-1-billion-armageddon-trade-placed-against-the-united-states/

      Barry Soetoro and his regime of inexperienced bookworms from snotty universities across the US have absolutely no clue what they are doing when it comes to this nations fiscal position. As for Congress this is their fault too. Its nothing off their back they all have money and can ride this out. Some of us are broke and jobless expecting his majesties blame game any minute now. Why is it he was on air everyday running up to the debt deal but we get hit with the downgrade and his majesty Emperor O is MIA?
      Stop playing their game start playing your game http://SavingtheRepublic.com

      Report Post » SavingtheRepublic.com  
    • tifosa
      Posted on August 6, 2011 at 1:59am

      Did you read the article? The S&P indicts the Bush taxcuts and supports that they expire. They indict the GOP-driven “prolonged controversy over raising the statutory debt ceiling” President Obama can forever say that if Boehner (”we got 98% of what we wanted”)and company had approved the GRAND BARGAIN, this wouldn’t have happened. Fact: R’s got “98% of what they wanted“ and dems got ”Satan Sandwich.” So who owns this?

      tifosa  
    • Shiroi Raion
      Posted on August 6, 2011 at 3:08am

      Dems think the only way to raise revenue is to raise taxes even though it destroys jobs. Raising taxes won’t create jobs, if anything it would destroy more of them. I believe the Libertarians when they say that less regulations would create jobs better than any other option. In 2008, about 134 million tax forms were collected and 35 million of them got their money back. So we have about 100 million tax payers. A lot of them, like teachers, are paid with tax payer money and therefore pay their taxes with the same money they were paid with. No true revenue there.
      It’s the private sector businesses and their workers that are paying for everything. Either Progressives want to bankrupt America or they think that Santa Claus drops money trees on the Federal Reserve. The government can’t keep spending like this… PERIOD.
      Reduce the number of onerous regulations to expand the economy and put the 20 million underemployed people to work and that enhances revenue. Raising taxes will only increase government waste. Though this administration and Congressional Democrats seem happy to waste money whether taxes are high or not.

      Report Post » Shiroi Raion  
    • Shiroi Raion
      Posted on August 6, 2011 at 3:15am

      Just as I finished that comment, some economy expert on TV just said almost exactly what I wrote. LOL
      I add this for no reason. I just thought that the timing was funny.

      Report Post » Shiroi Raion  
    • Snowleopard {gallery of cat folks}
      Posted on August 6, 2011 at 3:34am

      Remember Soros divested himself of his Quantum Funds other investors just a few days ago and took it entirely private for himself and his family; anyone want to guess now the reason why?

      Report Post » Snowleopard {gallery of cat folks}  
    • tower7femacamp
      Posted on August 6, 2011 at 5:27am

      I wonder if Beck gets the Tyler Durden handle ?
      or how many Blazers know the reference ?

      Tyler’s Eighth Rule of Innovation:

      “This is your life, and it’s ending one minute at a time.”

      First, you have to know, not fear, know that someday you are going to die. Until you know that, you have no sense of urgency. You think you have all the time in the world to do amazing things, but you may not live to see that particular someday.

      So quit reading articles for a bit and go do what really needs to be done today.

      Report Post » tower7femacamp  
    • Polwatcher
      Posted on August 6, 2011 at 6:00am

      The federal government does everything bass ackwards. They never get better…only worse. Now it has finally come to this. When a country’s currency becomes worthless, there are a series of systematic steps along the way and this is just one of them. Our pompus arrogant dishonest Washington politicians have always been and are completely to blame.

      Report Post »  
    • rodamaa
      Posted on August 6, 2011 at 7:16am

      Soros is an old soviet agent. The Soviet Union may have disappeared but for Soros is mission accomplished. Now is time that we start thinking of how to bring these criminals to justice.

      Report Post »  
    • Jaycen
      Posted on August 6, 2011 at 1:14pm

      I think it‘s Thailand where he’s not allowed in the country.

      Report Post » Jaycen  
    • Jaycen
      Posted on August 6, 2011 at 1:17pm

      Hey Trolls,

      We had to have a debt deal and raise the debt cap or they’d downgrade us. If they downgraded us, we’d all die! There’d be canabalism, remember?

      And we did the deal. We raised debt. They downgraded us anyway. We didn’t die.

      Stupid, stupid, stupid.

      Report Post » Jaycen  
    • heyjim55
      Posted on August 6, 2011 at 1:44pm

      Soros is not allowed in Thailand and he was convicted with securities and insider fraud in France and in his country of birth Hungary. I think he will stay in the US he is Obama’s sugar daddy and right now there is no one with enough authority to arrest him.

      Report Post »  
    • IntransigentMind
      Posted on August 6, 2011 at 4:33pm

      Glenn has had it right all along, and it isn’t that he was right just about the debt:
      http://markamerica.com/2011/08/06/downgraded-america-we-warned-them/

      Report Post »  
    • Liberty.Truth4all
      Posted on August 6, 2011 at 5:09pm

      Soros has lived in Singapore for several years. He will continue manipulating the destruction of America from there, or some other hiding place. He learned how Hitler and his goons worked to destroy the hearts and minds of the people while in his youth. Destruction fills his heart and soul…it doesn’t bother him; he has said so! “Evil is as evil does”.

      Report Post »  
    • SamIamTwo
      Posted on August 7, 2011 at 9:14pm

      http://en.wikipedia.org/wiki/Black_Wednesday

      Soros.

      Report Post » SamIamTwo  
  • showmerancher
    Posted on August 5, 2011 at 11:40pm

    “China warned on Wednesday that Washington‘s efforts to raise the US limit on borrowing had failed to defuse America’s “debt bomb” and signaled that Beijing would further diversify its holdings away from the dollar.”

    Looks like we raised the debt ceiling on how much we could borrow, but the banker may not be willing to lend… that could be a problem!

    http://www.france24.com/en/20110805-china-says-debt-financing-unlikely-save-us-eu

    Report Post »  
  • kukkim
    Posted on August 5, 2011 at 11:37pm

    Will someone pls send NEMOBAMA a fiddle, so that he can continue to HIPHOP“BBQ”S while USA tanks.

    Report Post »  
  • ImaCracker
    Posted on August 5, 2011 at 11:36pm

    Re: Stuck_In_CA, the Free trade agreements happened under the Clinton Administration.

    Report Post » ImaCracker  
    • Mil Mom
      Posted on August 5, 2011 at 11:50pm

      re : first downgrade since 1917
      ***
      Bbbbut !!!! I thought Boehner caved & we averted the “Catastatrophe!!
      “How can this be, Papama, WE ATE OUR PEAS !!!! “??????

      Report Post » Mil Mom  
  • GaryInTheMiddle
    Posted on August 5, 2011 at 11:35pm

    No spinning this one Obozo. Congrats on presiding of the our first downgrade since 1917. You worthless POS.

    Report Post » GaryInTheMiddle  
    • dmforman
      Posted on August 6, 2011 at 12:16am

      At least he’ll be known for something other than, being our first black president;)

      Report Post »  
    • BehindBlueEyes
      Posted on August 6, 2011 at 7:39am

      Once you go black you never go back. Moochell said as much- “Barack will never allow you to go back to your lives as usual, uninvolved, uninformed”

      Report Post » BehindBlueEyes  
  • mingfurecon
    Posted on August 5, 2011 at 11:32pm

    Our dear leader is a traitor and a buffoon to match. Not only is he an empty suit, but I would be willing to wager he is an Agent of the Chicoms. Just think for a moment, this man and his minions have bankrupted the nation over night, and is living the high life.

    Report Post »  
    • heyjim55
      Posted on August 6, 2011 at 1:51pm

      Your close he is stooge for the financial elite those who control Wall Street and beyond which reaches into Europe and part of Asia. He was brought in to do what we are all seeing and he is not done yet , we are finished as a world economic power . Say hello to National Socialism the anti human version.

      Report Post »  
  • Spikey_Dude
    Posted on August 5, 2011 at 11:31pm

    Davecool, reading my mind? YEP!

    HE / THEY are not stupid! It’s intentional IMO.

    Report Post »  
  • REDNECK CALIPHATE
    Posted on August 5, 2011 at 11:29pm

    Just for s—s and giggles I went over to MSLSD’s site and they actually have a poll question that reads: Who do you think is to blame for the S+P downgrade?
    Congress
    Obama Administration
    Republicans
    Democraps
    TEA PARTY
    All of the above

    What??? What the hell? The Tea Party isn‘t spending any of the taxpayer’s money. These people have no shame. Be ready people, this is going to be a full on assault on the Tea Party from the left.

    Report Post » REDNECK CALIPHATE  
    • Cleats4Feets
      Posted on August 5, 2011 at 11:38pm

      Great name dude!!!!! I’m in.

      Report Post » Cleats4Feets  
    • PeachyinGA
      Posted on August 5, 2011 at 11:42pm

      Only shocker here is that Bush‘s name wasn’t at the top of the list!

      Report Post » PeachyinGA  
    • Mavrick2012
      Posted on August 5, 2011 at 11:48pm

      Look for Hukabee to talk crap about the Tea Party this weekend. Last weekend he was laughing along with a Liberal as she said the Tea Party was the blame for every thing. WTG Fox starting to show your true colors. People wonder why the most rated man in Fox left..There ya go.

      Report Post »  
    • ConservativeFirst
      Posted on August 5, 2011 at 11:54pm

      You are correct, but they now are trying to smear the Freshmen that stood for values, such as spending cuts and balanced budgets. The public has clearly come out in support of both of those concepts.

      Don’t let them intimidate…..that is to be expected! They tried to call the Tea Party racists, it didn’t work. They have called the Tea Party terrorists as well as other nasty things. The more the names don’t stick, the more frantic and angry the opposition gets.

      Stand with the truth and the Tea Party stands for the truth. It is the Country’s way out of this……

      Tea Anyone?

      Report Post »  
    • ProbIemSoIver
      Posted on August 6, 2011 at 12:00am

      How about none of the above.
      the downgrade has been a plan in the works for a long time.
      list should have had:
      Military Industrial Complex
      or
      Global Elite
      or
      NWO
      as it’s seventh choice.

      Report Post » ProbIemSoIver  
    • Mil Mom
      Posted on August 6, 2011 at 12:09am

      @ProbIemSoIver
      Posted on August 6, 2011 at 12:00am
      How about none of the above.
      the downgrade has been a plan in the works for a long time.
      list should have had:
      Military Industrial Complex
      or
      Global Elite
      or
      NWO
      as it’s seventh choice
      ****
      AND… Dunekophs of the World, United as the eighth.
      (Please excuse the spelling, it‘s been a few years since I’ve heard Sgt. Shultz pronounce it! )

      Report Post » Mil Mom  
    • flagbearer
      Posted on August 6, 2011 at 12:37am

      Of course they’ll blame the Tea Party. Do you think they’re capable of putting the blame where it really rests? The Tea Party voted against the bill. Theirs was the only plan that would have kept the rating from the S & P. What did the Senate do? Tabled it without so much as a debate. Keep reminding the public that it was the Senate that did not take action. Had they voted on the first bill sent over to them, we would be seeing a different rating. I hope this super committee gets the message.

      Report Post »  
    • conservativewoman
      Posted on August 6, 2011 at 12:46am

      The Tea Party was right! And they got cold terrorists!

      Report Post » conservativewoman  
    • LKYPRL
      Posted on August 6, 2011 at 1:15am

      Unfortunately, I think you are right. Be ready out there fellow Patriots. The left is going to try to crush us with this. It is their only hope of winning in 2012. If we let them shove the blame on us, they have a scapegoat at election time. Be armed with accurate facts and don’t get defensive. Always have an answer for every question and don’t allow them to incite you with insults. They will insult you and call you names. That is their strategy. Be informed and have a spine of steel when you are attacked. We can win this but we must be prepared for what is coming!

      Report Post » LKYPRL  
    • Vechorik
      Posted on August 6, 2011 at 8:51am

      That MSNBC poll is still going. Let’s all go vote. I voted “congress” because the Republicans spent a ton as well.
      http://business.newsvine.com/_news/2011/08/05/7271092-whos-to-blame-for-us-debt-downgrade

      Report Post »  
    • Neo Con John
      Posted on August 6, 2011 at 9:00am

      Yea, where do we sign up RED?

      Report Post »  
    • handykeith29
      Posted on August 6, 2011 at 9:02am

      off topic i know but, GO Huskers!

      Report Post »  
    • huckleberry, 1 ea.
      Posted on August 6, 2011 at 9:24am

      Great name!!! Now there’s some old fashioned values we can get behind. “We say grace, and we say ma’am, if you ain‘t into that we don’t give a da**.”

      Report Post »  
  • PleaseStartBrainb4engagingmouth
    Posted on August 5, 2011 at 11:28pm

    Anyone that is surprised by the credit rating down grade was living in denial. Can anyone think of a better reason to fire all of the leaders of both parties, than the down grade of our counties credit rating? In any other organization if leadership destroyed an AAA credit rating for first time in history they would be fired. Why should it be different for our government leaders?
    These financial problems were built over many years but the current group of leaders had a perfect opportunity to change the course this very week and didn’t. They punted the problem down the road and then headed home on summer break.
    I hope they get an earful when they get back home on this break.

    Report Post »  
  • Richard Compton
    Posted on August 5, 2011 at 11:24pm

    No big suprise here, now let us watch how Obama spins this as the Tea Party and Republicans fault.

    Report Post »  
    • afishfarted
      Posted on August 5, 2011 at 11:35pm

      Hopefully, folks will understnad now that there is nothing left in this country to save. This adnimistration has nationalized every industry in the nation, trampled on the Constitution, infringed on personal liberty, and more. Now our economic standing in the world has been damaged for years to come. There is nothing of the America we know that can be saved, It’s time we understand that and begin the rebuilding from the rubble

      Report Post »  
  • My Two Cents
    Posted on August 5, 2011 at 11:12pm

    Well there are two happy people tonight. Jimmy Carter because he is no longer the worst President ever and Barack Hussein Obama because he is seeing his plan come to fruition.

    Report Post »  
    • Pujols
      Posted on August 5, 2011 at 11:21pm

      Beck has been talking about this for 2 years and everyone said he was just trying to scare people. He scared me into buying some Gold and Silver. Getting some food for my family and paying off my bills. GOD PLEASE GIVE US MORE TIME He also said and I ask for the same thing today for those who are waking up right now and those who woke up a short time ago. Start living right and everything else God will take care of. But you have to help yourself and open your eyes WIDER!

      Report Post »  
    • On The Bayou
      Posted on August 5, 2011 at 11:27pm

      This president has nothing for this country, he has done to this country. He`s not finished yet.

      Report Post » On The Bayou  
    • Mil Mom
      Posted on August 6, 2011 at 12:03am

      re : Jimmy Carter and Pres Obama…
      ***
      If you’d paid attention to the parallells from inauguration day, till today, you’d realize that “Comrade Jimmy” and “Comrad Barry” are parts 1 & 2 of the same plan. Comrade Barry just had to do a lot of work to “undue” the rebuildiing that took place from Reagan to W, and it took him less than 2 months to do all but doing away with the Bush tax cuts, thankfully the world was watching, (and God was answering prayer for this nation.) so he couldn’t undue it completely.

      Report Post » Mil Mom  
  • Beverly Barnum
    Posted on August 5, 2011 at 11:12pm

    It is unfortunate that emotion trumps logic and a lot of innocent people are going to be seriously damaged during a readjustment period. Anyone doing simple math realized we spend far more than we can ever realistically take in through taxation. Reaching 100% debt to GDP was simply the tipping point. It’s time for both parties to abandon politics and use logic, sound economic policy, and real accounting/not gimics to put us back on the road to fiscal sanity. Yes and I’ll give up all of my Medicare and half of my social security to realize this goal.

    Report Post »  
    • Dagger82
      Posted on August 5, 2011 at 11:36pm

      You‘re implying that the downgrade occurred as result of the Administration’s ignorance or bad policy. To the contrary ~ this IS part of their “…fundamentally changing the United States of America.”

      Cass Sunstein and his regulatory bureaucrats are writing and imposing thousands of regulations every day that are strangling businesses to destroy our capitalistic society. This is all by design, Bev.

      In nearly every speech, the President says he’s doing everything in his power to create jobs and help small business owners. Then, he turns Cass Sunstein loose behind the scenes to destroy it all. He and his minions are insidious!

      Report Post » Dagger82  
  • 101
    Posted on August 5, 2011 at 11:07pm

    Gold/silver is the only “hedge” against this failed administration & fiat currency

    Report Post »  
  • BONETRAUMA
    Posted on August 5, 2011 at 11:04pm

    Pray for our Nation. Lets take our medicine and move on.

    Report Post »  
  • Tretka
    Posted on August 5, 2011 at 10:59pm

    Forgot to say too, ABC, NBC, and some other sites are reporting that the White House says it was a math error on S&P’s side…and that S&P admits it. What the heck? What a bunch of crap.I will wait for the confirmation on that one. Go read the report and encourage others to read it. We are going to HAVE to know the source on this one because the propaganda is already ridiculous.

    Report Post » Tretka  
    • mattsanz
      Posted on August 5, 2011 at 11:03pm

      The ReFounding Revolution is now in your hands… http://www.youtube.com/watch?v=mCeP-JLR2AI

      Report Post » mattsanz  
    • Look4DBigPicture
      Posted on August 5, 2011 at 11:10pm

      I guess they couldn’t figure out a way of blaming Bush for the S&P downgrade, so now it’s S&P’s fault for being too stupid to understand simple math. This administration takes absolutely no responsibility for their own foolish actions. Pathetic!

      Report Post »  
    • 13th Imam
      Posted on August 5, 2011 at 11:26pm

      Can you say a large tax break for S&P. Along with a lifetime waiver from Barrycare

      Report Post » 13th Imam  
    • redbone007
      Posted on August 6, 2011 at 12:08am

      S&P said they took into consideration the math error but it was only one factor (small error) of five factors in their called to downgraded, There were many factors used for their decision to downgraded our credit rating.

      Report Post » redbone007  
  • muldoon1
    Posted on August 5, 2011 at 10:58pm

    well mr’ president, have we spent enough yet? are we ready to bring the budget into positive terrirtory? are we going to reduce our debt?

    Report Post »  
    • bigpicture
      Posted on August 6, 2011 at 12:17am

      Barry is planning to reduce the debt – by increasing taxes, closing “loopholes” (legitimate deductions including mortgage interest), increasing regulation to help create more (union) jobs, and expanding the size and power of the tyranical IRS.

      Rumor has it IRS will merge with TSA so they can do pat-downs and locate any spare chage. Boys and girls, don’t forget to send in your fair share of taxes from those Lemonaid Stand profits. Every little bit helps!

      Report Post »  
  • mendolover
    Posted on August 5, 2011 at 10:56pm

    Since when is ZH his favorite?

    Report Post »  
  • Tretka
    Posted on August 5, 2011 at 10:55pm

    Hey all the complete report is at Standard and Poor website. Go read it so you know! The spin at other media/internet sites has begun. Scary part is…part of the S&P report says part of their consideration is that we did not raise revenues. Hmmmm. Wonder why S&P…never mind. Anyway go read it!!!!!

    Report Post » Tretka  
  • meadowmouse5
    Posted on August 5, 2011 at 10:53pm

    Reminds me of my credit report. I’m changing my ways. Will our leaders?

    Report Post »  
  • tom8642
    Posted on August 5, 2011 at 10:49pm

    Thank you S & P however we believe the government is so out of touch with reality they will not have any idea what you are trying to tell them.

    It is party time in Washington and they will spend our last dime as usual on themselves.

    Report Post »  
  • Ironmaan
    Posted on August 5, 2011 at 10:46pm

    For a quick buck buy TMV on monday. Its a bet against 30yr treasuries. Longer term buy gold and silver. http://guerillatics.com

    Report Post »  
  • commonsenseguy
    Posted on August 5, 2011 at 10:45pm

    i wonder if someone is looking into george soros ,it is sure strange that he just all of sudden decided to get get out of the hedge fund business, he just invested heavy in gold and oil, will some one look into insider trading ,or are they scared that they will end up in the river with concrete shoes,or out of a job, we need someone with some nads to do their job, but i guess when he has all the many and crooks in his corner ,they are not wanting to wake up in thirty feet of water with their new shoes.

    Report Post »  
    • Tretka
      Posted on August 5, 2011 at 11:02pm

      He WILL make a run on gold except he will do it indirectly, so beware. He is an investor as well as a full time Langolier (see Stephen King for understanding of Langolier).

      Report Post » Tretka  
  • debbywitt
    Posted on August 5, 2011 at 10:45pm

    Those aren’t zerohedge comments – he posted the text of the S&P downgrade.

    Report Post »  
  • kindling
    Posted on August 5, 2011 at 10:44pm

    It is two bad we cannot divorce the Democrats and send them packing.

    Report Post » kindling  
    • davecoolworld
      Posted on August 5, 2011 at 10:52pm

      Both parties are guilty as hell.

      Report Post » davecoolworld  
    • 13th Imam
      Posted on August 5, 2011 at 11:27pm

      No comparison.

      Report Post » 13th Imam  
    • davecoolworld
      Posted on August 6, 2011 at 2:55am

      13th imam…..agreed…no comparison. The GOP just played a game with fairness and DEMS not so much. In fact the DEMS played with deceit all along. The GOP are fools for not playing “Hardball”.

      Report Post » davecoolworld  
  • Stuck_in_CA
    Posted on August 5, 2011 at 10:41pm

    Well, the inevitable has happened. The dominoes will now, most likely, begin to accelerate in the fall of the global economic system.
    Between the “Free” trade agreements from the Republicans, and the out-of-control spending by the Democrat’s utopian welfare state, the chickens really have come home to roost. There are many reasons, but those are two of the biggest causes for this country’s economic condition.
    The Debt Ceiling disaster sealed the deal. We were told that at least $4 Trillion in cuts had to be in the near future. The Dems would not allow it.
    By the GOP settling for that rotten Debt bill, the white flag of surrender became the ensign for our Republic’s possible collapse.

    Report Post » Stuck_in_CA  
    • davecoolworld
      Posted on August 5, 2011 at 10:51pm

      The blame/spin game will commence immediately.

      The bottom line is…get your houses secured and in order. Things are going to get very ugly, fast.

      Obama will declare Martial Law prior to the 2012 Presidential Election as things spin out of control.

      We have our Dictator. Nice going America.

      Report Post » davecoolworld  
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