S&P'S TEA PARTY DOWNGRADE

While the report should serve as a wake-up call to the dangers of avoiding revenue increases, administration officials blasted S&P for its $2 trillion accounting error. Gene Sperling, the director of the White House national economic council, characterized the agency’s brisk dismissal of $2 trillion mistake as “breathtaking,” and said “the amateurism it displayed” suggested “an institution starting with a conclusion and shaping any arguments to fit it.” Others noted that the nation’s rating agencies have previously failed to identify economic risks and “only lightly or ineffectively regulated” the sub prime loans that contributed to the recession. S&P was particularly aggressive in undermining state efforts to control such practices.

For instance, as Josh Rosner and Gretchen Morgenson explained in Reckless Endangerment, in 2003, the agency announced that it would “no longer allow mortgage loans [that] originated in Georgia to be placed in mortgage securities that it rated” after the state passed a law to rein in the predatory mortgage lending wave. That decision effectively killed the legislation and other similar state efforts as “lenders would have no access to the securitization money machine…[and] there would be fewer mortgages funded, dashing ‘the dream’ of homeownership.

Alongside this the TEATHUGLIKANS are proving to be a menace to the Middle and Working class desire to work hard and be rewarded with the benefits of the American dream. The question is who benefits from their social acts of destruction ? Who in the American social strata will benefit from RIGHT WING POLITICAL AND ECONOMIC STRANGULATION? A quick answer will be ...DEFINITELY NOT THE POOR WHITE FOLKS ..living in all the forms of wretched poverty......mainly in the South. Definitely not the lower or Middle, Middle Class nor the Working Class who are attacked, and demobilized (de- unionized) by every TEATHUGLIKAN Governor in their States.

So if over 85% (per cent) of America is under attack from them , then the TEATHUGS are puppets of the super rich and some of the renegade politically ambitious Big Corporation owners... The same ones who are sitting on over 2 trillion American dollars refusing to pay taxes while the rest of America is slipping into a waste land of unemployed America. We cannot overlook the most important pillar of downgrading our USA....You know it ...its the familiar, stinking American racism. This is call to apply racism...to all that you do and think made by RIGHT WING POLITICIANS AND COMMENTATORS.....is made or dogwhistled, by every TEATHUGLIKAN Candidate for President. With Governor Rick Perry of Texas, the hopeful latest insane contestant.

Since the poor white folks will eat the same dust prescribed by the RIGHT WING EXTREMISTS,as every other poor folks in America . THE CALL TO THE RACIAL BULL PEN is expected to distract the poor whites with acts against President Obama's skin color...camougflaged in dog whistle bullcrap talk.....
But as PRESIDENT OBAMA LIKES TO SAY, NOT THIS TIME ...NOT NOW . NOT AGAIN.!! So this time..WE AMERICANS OF THE MIDDLE AND WORKING CLASS ARE UNITING IN AN IRONCLAD COALITION to declaw..OUR CONGRESS OF RIGHT WING EXTREMISTS AND THEIR ANTI AMERICAN AGENDAS.... WE WANT A US CONGRESS THAT WILL DO ANYTHING AND EVERYTHING TO GET AMERICA BACK TO WORK....... we want a US Congress that loves America...so its JOBS..JOBS..JOBS....AND MORE JOBS with a RE-ELECTED PRESIDENT BARACK OBAMA..