Watch Live: President Obama to Address Economic Fears Following S&P Downgrade
- Posted on August 8, 2011 at 7:52am by
Billy Hallowell
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At 1:30 p.m. ETD, President Barack Obama is scheduled to address the press and the nation following the S&P Downgrade of the U.S. debt (and now Fannie and Freddie) and subsequent economic worries:
WASHINGTON (AP) — President Barack Obama plans to deliver a statement about the economy as the nation grapples with the first downgrade of U.S. debt in the country’s history.
Obama will speak at 1 p.m. EDT from the White House.
Standard and Poor’s on Friday said it was downgrading U.S. debt because the rating agency lacks confidence that political leaders will make the choices needed to avert a long-term fiscal crisis. Congress and Obama recently struck a deal to avoid a government default and to cut the deficit, although the deal was not as broad as the president wanted.
Obama is also expected to speak about Saturday’s shoot-down of a helicopter in Afghanistan in which 30 U.S. troops were killed – the deadliest incident for U.S. forces in the decade-long war.
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Comments (55)
daveposh
Posted on August 8, 2011 at 1:51pmOur dysfunctional POTUS is late again. Never on time.
Report Post »912CalGal
Posted on August 8, 2011 at 1:48pmThe guy is 45 minutes late and counting. If this were a business he would be fired. Shows his contempt for the American people, or maybe his teleprompter broke. At any rate, time to fire him in 2012
Report Post »Mountain Dew
Posted on August 8, 2011 at 1:47pm*Yaaaaaaaaaawn* Someone wake me when Dear Leader finally graces us with his wisdom…*Snore* *Snore*
Report Post »Pigfarmer
Posted on August 8, 2011 at 1:44pmYou know… I do appriciate the liberal heads on Fox.. Like Juan and the others… I can respect there view and they give a great perspective to which i disagree…
But Our president is way beyond any liberal we ve seen… he is way way left… so much so he hates this coutry and what it stands for…. We have to accept also… HE HATES WHITE PEOLE…. accept that….. He is a unit working against this country bent on destrying….
Black people… You need to voice your desire to remove him… He is not your friend… He is being used to bring back the ole sterio type “BLacks are spoilers” Obama is willfully allowing himself to be used to bring back that sterio type in that he is knowing;ly allowing himself to be used by Soros and the like to spoil this great nation
Report Post »heyjim55
Posted on August 8, 2011 at 1:42pmMaybe he needs permisson from his wife first before he can speak to the Nation, he could be clipping her toe nails right now. Then he will have to take out the garbage feed the dog, clean up around the place then ask her if it’s okay to speak the country. Lets hope she is in a bad mood and says no !
Report Post »jeffreylayne
Posted on August 8, 2011 at 1:46pmMuslims don’t “do” for their wives. ;-)
Report Post »Stonedage
Posted on August 8, 2011 at 1:42pmteleprompter broke?
Report Post »jeffreylayne
Posted on August 8, 2011 at 1:46pmI bet Tea Party sabotaged it.
While I say that jokingly… I’d probably do it given the opportunity, ha
Report Post »gunslng44
Posted on August 8, 2011 at 1:42pmTeleprompter malfunction.
Report Post »rjcook2001
Posted on August 8, 2011 at 3:30pmPretty sure it‘s Bush’s fault!
Report Post »SHOESHINEBOY
Posted on August 8, 2011 at 1:41pmdon’t need to: this is what he is going to say:
It is a Tea Party Downgrade,
Shared Sacrifice
Millionaires and Billionaires
Balanced Approach
Corporate Jets
Big Oil
Un-Balanced Government
and less I forget the main one
BLAME BUSH
Report Post »tomdb62
Posted on August 8, 2011 at 1:51pmYou forgot that we live in a “big, messy, tough democracy.”
SHOESHINEBOY
Posted on August 8, 2011 at 2:06pmyes I did..thank you for the reminder
Report Post »SHOESHINEBOY
Posted on August 8, 2011 at 2:08pmtomdb62
Posted on August 8, 2011 at 1:51pm
You forgot that we live in a “big, messy, tough democracy.”
Yes, I did..Thank you for bringing that to my attention…..
Report Post »jeffreylayne
Posted on August 8, 2011 at 1:40pmI doubt he was late to his birthday bash.
Report Post »Able1
Posted on August 8, 2011 at 1:38pmtesting
Report Post »grudgywoof
Posted on August 8, 2011 at 1:37pmJust like Obama……..it’s all about him just keep them waiting………rude *****.
Report Post »jeffreylayne
Posted on August 8, 2011 at 1:44pmIf I believed I were a god, I guess I wouldn’t care about others either.
Report Post »gunslng44
Posted on August 8, 2011 at 1:37pmMaybe he’ll give his 2 week notice. That would be sweet.
Report Post »jeffreylayne
Posted on August 8, 2011 at 1:42pmhaha, seriously. I wouldn’t keep a job if everyone hated me. But then again, I am at least a little more self-aware than I am self-absorbed compared with this guy.
Report Post »grudgywoof
Posted on August 8, 2011 at 1:45pmThat would be sweet but then we have Pres. Biden…………
Report Post »MBA
Posted on August 8, 2011 at 1:36pmWhy bother–we all know if obamy is talking he’s lying. Here’s his speech; blah, blah, blah uncooperative republicans, blab blab blab, Tea Party racists. Yada Yada Yada, I’m doing such a great job, vote for me.
Report Post »Texas Grasshopper
Posted on August 8, 2011 at 1:33pmcya obama going to shovel rabbit poop .it has to be better than staying and listening to whatever crqap your going to shovel
Report Post »atechgeek
Posted on August 8, 2011 at 1:30pmPsalm 109:8
Report Post »Pigfarmer
Posted on August 8, 2011 at 1:21pmJackie O says she thinks Johnson and his Oil buddies had a Presedent killed?????… Where are those Texans Off Spring…. Just askin
All I know we have an enemy in the white house more dangerous than Osama… 10 times more distructive than Osama…. Wake up america
Report Post »heyjim55
Posted on August 8, 2011 at 1:15pmYes he will be late that’s what egotistical people do make everyone wait , I’ll pass I will wait until the Blaze does a write up after he belchess his crap. I will not listen to the sound of this fraud’s voice he is a pimp to the Global elite and nothing more.
Report Post »Texas Grasshopper
Posted on August 8, 2011 at 1:14pmthe only thing I want to hear is that Obama and Biden take personal responsibility for the SEAL ‘s being “outed” and then killed and that he takes personal responsiblity for the economic destruction of our Country and that he will resign, effective immediately !!!!!! that all I want to hear . We are not as stupid as he always tells us we are …..arsehole !!!!
Report Post »JLWestSr
Posted on August 8, 2011 at 1:12pmI love how Obama is never on time for his own press conferences. Always seems he want’s to be fashionably late…
Report Post »Thighmaster
Posted on August 8, 2011 at 1:08pmMalaria and ChaCha must be so proud of their daddy BHO
Report Post »heyjim55
Posted on August 8, 2011 at 1:06pmLet me guess the down grade is the result of George Bush and the Tea Party, global warming, Fox News, the Republican party , It‘s not his fault after all he’s the Dear Leader .
Report Post »yacovone2002
Posted on August 8, 2011 at 1:05pmI don’t know why I am even bothering to listen to this – he’s just going to blame Bush and the Republicans – oh yea and the Tea Party!!
Report Post »gunslng44
Posted on August 8, 2011 at 1:03pmLOL….it’s already changed to 1:30. I’ll tune in at 2.
Report Post »gunslng44
Posted on August 8, 2011 at 1:02pmOne o’clock? Yeah, that should happen. BO is never on time for anything. I’ll tune in at1:15.
Report Post »headbtweenlegs
Posted on August 8, 2011 at 1:00pmIts one
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