Mcnorman's Weblog

Appeals court rules against Obama healthcare law.  It’s that ridiculous individual mandate.

Gotta give the Frugal Cafe credit for this rip roaring pic. 

As for the GOP debate, I heard lip service.  That scares me.  But not as much as re electing the clown in chief.

Krauthammer makes me laugh.  His assessment of teh won is correct.  If Barack talks, the markets tank.  I wish Barack would take the hint and shut up, stop the speeches.

Even Der Spiegel is calling Barack a “disappointment.”

As America’s first black president, Barack Obama electrified an entire nation. But now that the nation is in crisis, he seems unable to connect with the people. He wanted to change America and restore its reputation in the world. But now his opponents are dictating the country’s political course.

He should NEVER have been elected based on the color of his skin.  The community organizer had NO experience.  Oh oh, more talk back to the White House.

IOTW pegged it.

When can we turn the tables?  The romance is ovah.

The Founding Fathers rightly feared that the purer the democracy the more susceptible voters would be to the emotion of the moment and the demagogues who take advantage of it. Needless to say, we are democratic enough to get the politicians we deserve.

But debate is not dysfunction. Feel free to bemoan the fact that the American people are not automatons, but “getting stuff done” is not the charge of the Constitution. Neither is having a king, though sometimes you get the feeling that a lot of folks who believe in power as the wellspring of morality are really annoyed by that fact.

The REAL Problem With The Downgrade.

Note that since the “downgrade” rumors started the ten year treasury yield has dove.  You’d think it would do the opposite.  You’d be wrong.

The issue with the downgrade is not the fundamental risk of holding Treasuries.  The difference between “AAA” and “AA+” is nearly immaterial.

Rather, the problem is the capital calls it may generate within the banks and the impairment against the ability to raise capital from stock price declines.

Anyone else seeing the big pic?  Volatile is just a smidgeon of what we could see.  Read the entire piece.  BTW, someone made money off the downgrade.

The middle class and small business are becoming an endangered species.  Without confidence, who wants to take any risk?

He should apologize for being a fraud and carrying out the demise of this country.

Urgent: Credit rating agency Standard & Poor’s on Friday downgraded the United States’ credit rating for the first time in the history of the ratings.The credit rating agency said that it is cutting America’s top AAA rating by one notch to AA-plus. The credit agency said that it is making the move because the deficit reduction plan passed by Congress on Tuesday did not go far enough to stabilize the country’s debt situation.

via S&P Downgrades U.S. Credit Rating From AAA .  That economic genius? TurboTax Timmy said it would never happen.

Lovin it PssttCmere.