lundi 8 août 2011

President Obama, Once Again, Late with Message on S&P Debt Downgrade & Now Stock Market Freefall

President Obama is late once again to address the public on yet another hot button issue, in the aftermath of the S&P US debt downgrade from AAA to AA+ and the stock market freefall on Wall Street.

President Obama will discuss the debt downgrade and the market turmoil at 1 p.m. Monday after noon. Um, shouldn't he have spoken before now? Is it me or does President Obama always wait for a literal mutiny on his hands before he jumps into action? We saw that with the BP Gulf oil spill, the debt ceiling mess, to name a few? Why won't his advisors give him the right advice about getting in front of a controversy or hot button issue and not behind it? Well, I suppose it's better late than never, but we are in an economic nightmare, with no end in sight and I would have liked to have heard from him on Saturday, not Monday afternoon, when the S&P has issued more downgrades and Moody's have said it will maintain it's AAA rating for U.S. debt but with a negative outlook.  The stock markets are tumbling and there is worry on the minds of millions of Americans, so why the hold up?




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