Obama calls US AAA nation despite AA+ Rating 

WASHINGTON (AP) — President Barack Obama on Monday essentially dismissed the first-ever downgrade of the U.S. credit rating, trying to reassure investors and the public that the nation's leaders need only show more "common sense and compromise" to tame a staggering accumulation of debt.

Seeking to demonstrate command in a volatile economic climate, Obama said he hoped the decision by Standard & Poor's would at least give Congress a renewed sense of urgency to tackle debt problems. He said that must be done mainly by taking on the politically difficult issues of reforming taxes and entitlement programs in the coming months.

In his first public comments on the credit downgrade, which S&P announced late Friday, Obama said Washington had the power to fix its own political dysfunction.

"Markets will rise and fall," he said. "But this is the United States of America. No matter what some agency may say, we've always been and always will be a triple-A country."

S&P officials dropped the government's rating to AA+ from the top rating, AAA, based on a lack of confidence that Congress and the president will be able to shake their political gridlock and make more serious reductions in the long-term debt. The agency was dissatisfied with the deal lawmakers reached last week just in time to prevent a government default.

Obama said most of the world's investors agree that the United States remains a wise place to put their money.

Still, stocks sunk in trading Monday as U.S. investors joined a global sell-off after the downgrade.

On the news Obama is blaming the Tea Party.

LOL

Originally Posted by: vegOmatic 

On the news Obama is blaming the Tea Party.

LOL

Originally Posted by: vegOmatic 

As he should. He should blame them, himself, republican leadership, democratic leadership. One side is dumb and the other is dumber. The trouble I have is figuring out which is which.

Originally Posted by: porky88 

Remember Kevin Bacon screaming, "Remain calm! All is well!" in Animal House?

Originally Posted by: Since69 

Boss Paul Vitti: Whoever did that thing to you-know-who, that good friend of mine, well they're trying to do that to me now. And I'm having a lot of feelings about that. And I'm trying to get some closure on that.

Primo: What kind of feelings?

Boss Paul Vitti: I'm very angry. I'm feeling very angry about that. I'm enraged. I'm feeling very, very mad about that.

Primo: So why are you telling me?

Boss Paul Vitti: Why am i telling you? Like you don't know nothing about it? You don't know nothing? What?

Primo: I don't know what your talking about.

Boss Paul Vitti: I'm just trying to, tell you about my feelings and that I'm angry, and that anger is a blocked wish. And I'm looking forward to seeing you next week at that thing. Then i can unblock that angered wish and then hopefully, hopefully you make one more move on me you motherfucker ill fucking cut your fucking balls off ill shove them up your fucking ass, ill fucking bury you, ill put ice picks in your eyes, ill chop your fucking eyeballs, ill send them to your fucking family so they can eat them for dessert. You understand me?

Primo: Hey Paul

Boss Paul Vitti: What?

Primo: Fuck you

Boss Paul Vitti: You Motherfucker!