Obama calls for political will to deal with economic challenges - CNN.com

Not so much so-called ‘political will’ as much as the absence  of presidential impedance will solve this dilemma. One would think, after his tantrum-like refusal to co-operate with anything that met S&P’s proscription for a fiscally responsible budget, that would be obvious and readily deduced.
But then, we did put such gross inexperience and resultant incompetence in the White House in the first place, didn’t we?
Obama calls for political will to deal with economic challenges - CNN.com

Dems Use Downgrade to Amplify Anti-Tea Party Charges - FoxNews.com

 

But Standard & Poor's Managing Director John Chambers said there's "lots of blame to go around." 

He agreed with several officials that the environment in Washington is "dysfunctional," [doesn’t mention the Tea Party which is not an official political party] and said the fact that the dysfunction [the inability of the President and his Democrats to refrain form naming unofficial political parties as culpable…chronic blame-laying beyond the rational] to  put the United States within hours of hitting its debt ceiling was a driving factor in the downgrade decision. The second factor, he said, was the country's "fiscal trajectory."

Simply stated, the President’s inability to cohere the Congress, coupled with the absence of a viable plan to manage a sound fiscal policy resulted in an historic credit downgrade on Obama’s watch. In the corporate world, the shareholders would be demanding that the person at the top step aside and let someone with experience take over…while there’s still time.

The Democrats are either proving that they can’t comprehend the S&P Report as written or that they lack the willingness to tell the truth. Both may be applicable.

Dems Use Downgrade to Amplify Anti-Tea Party Charges - FoxNews.com

Axelrod: This is "a Tea Party downgrade" - CBS News

Alelrod is either a complete liar or he simply can’t read. The S&P report blames the downgrade on the 'Debt to Income ratio' (D/I), as all lenders will view your credit worthiness. It made no mention of ‘debt ceilings’ or ‘brinkmanship’ as it’s motivation to lower the credit-worthiness of the United States. And it certainly makes no mention of any policies held or promoted by anyone in the Tea Party.

However, typically, when the president of a company which is publicly owned allows this sort of thing to happen on his watch, he is fired for incompetence (Yahoo and founder,Wang as a recent example), since it is the mark of a qualified leader to bring opposing thoughts together to a solution. At this he fails miserably, at least to anyone objectively observing what goes in and what comes out. Politics, of course, will twist fact to become fantasy. Hence, the script and cast of the comedy of errors currently being billed in Washington today.
1.5 stars for showing up. I think. Maybe. (hmmm)
Axelrod: This is "a Tea Party downgrade" - CBS News

Public Views Congress as Top Culprit in Debt Debate, Poll Finds - NYTimes.com

Any business that lost this much customer approval would be out of business. Now we understand more fully that it is we, the American public, that are the indentured servants of those that continually fail, yet whom we continually pay to do so.

Public Views Congress as Top Culprit in Debt Debate, Poll Finds - NYTimes.com

Voters Favor Pay Cuts for Congress, President Until Budget Is Balanced - Rasmussen Reports™

 

WOW! Talk about ‘merit pay’! 82%… think if they can’t get the job done, then they don’t deserve the paycheck.

WOW!

Voters Favor Pay Cuts for Congress, President Until Budget Is Balanced - Rasmussen Reports™

Debt Drama Blocks Out Big Picture on Credit - NYTimes.com

President Obama went to the American public via TV, figuring that if they were sufficiently ignorant of the facts to vote for him in the first place, then they are likely continuing in their ignorance of what’s really going on with the nation's over-maxxed credit cards and what it’s going to do to our country’s credit score. In his own words:

"That's not leadership. That's not going to happen,"

“What I think is underappreciated until now is a possible outcome whereby the debt ceiling is increased, debt default is avoided, but one of the rating agencies feels compelled to downgrade America’s AAA because of insufficient agreement on medium-term fiscal reform,” Mr. El-Erian said.

If the country were to lose its vaunted rating, the federal government, companies, homeowners and innumerable others would see their costs skyrocket — a situation that would certainly send the markets into a downward spiral.

Debt Drama Blocks Out Big Picture on Credit - NYTimes.com

What happened to global warming? - Science Fair - USATODAY.com

Wow….all my expectations that man has caused Global Climate Change are quickly going up in a puff of smoke…I mean volcanic ash.

"What happens in the future depends on the cause of the aerosols," says Daniel. "If it's volcanic, it depends on what volcanoes do. If its sulfur, it depends on what our pollution is."
The paper does not address how man-made versus natural activities contribute to aerosol creation, which they say is a question to be explored in further studies.
As for aerosols' impact on climate models used to estimate future global warming, according to the study, "climate model projections neglecting these changes would continue to overestimate the … global warming in coming decades if these aerosols remain present at current values or increase."

And this comes just weeks after scientists recognize that volcanoes are 100 million times (100,000,000X) more influential on climate than previously understood. Besides clearing the air a bit, to see climate for what it is, this process also discloses “science” for what it isn’t: an authoritative source for knowledge, but rather a systematic process for the alleviation of ignorance. And as such, we have a lot to learn. After all, if we actually knew it all, science –the systematic process by which we relieve ourselves of our ignorance-  would serve no purpose.
And, as the paper points out, natural climate controls will likely dominate, remaining true to climate’s billion year pattern of behavior, where one volcanic eruption can remove an entire season’s warmth. Now that’s what I call ‘influential’.
Man should only hope to have such power. Or not.
What happened to global warming? - Science Fair - USATODAY.com

It’s Not the Ceiling That’s The Problem; It’s That The Ceiling Is Already TOO HIGH!

 

Credit rating agencies Fitch, S&P and Moody’s have all warned that without significant deficit reduction being enacted now, the United States’ gold-plated Triple-A credit rating is being reviewed for a downgrade. Significantly, S&P gauges a 50 percent likelihood of a downgrade in the next three months alone.

http://getliberty.org/content.asp?pl=108&contentid=108

America's real credit problem--Stephen Meister - NYPOST.com

In fact, both Standard & Poor's and Moody's say the real threat to the US government's AAA rating comes from Washington's refusal to start living within its means.
The big problem: President Obama's (and Democrats', in general) ideological resistance to spending cuts.

America's real credit problem--Stephen Meister - NYPOST.com

Moody's puts U.S. ratings on review for downgrade | Reuters

Why do we pay their salaries? If my TV repairman was this bad at his job, he’d have been long gone. With so much to lose and so much at stake, how does such incompetence gain so much power?

Standard & Poor's placed the U.S. rating on negative outlook on April 18 which meant a downgrade is likely in 12-18 months.

"They are worried they are having these ideological arguments while Rome burns," said Carl Kaufman, portfolio manager at Oster weis Capital Management in San Francisco.

Moody's puts U.S. ratings on review for downgrade | Reuters