Of course not, but it's obvious the word went out from the White House to Dem talking heads to blame the S&P credit downgrade on the Tea Party. Yes, the group that just a year ago was marginalized as a bunch of hillbilly know-nothings suddenly controls the world financial markets.
David Axlerod, Howard the Donkey Dean, and John Lurch Kerry, among others, all made the morning shows with the exact same complaint about the Tea Party. At we know they can read their White House faxes.
Lindsey Graham, in a rare moment of clarity, reminded everyone that had the political leaders actually listened to the Tea Party we'd have had $4 trillion in cuts in stead of $2.1 trillion and would have retained our AAA rating. Those hillbillies aren't so dumb after all.
Timmy Geithner, who just reassured the world by telling us he'll continue to run Treasury into the ground through the election, took a different approach by going after Standard and Poor's. None of this has calmed the markets around the world.
As I write this the NYSE has only been open for 21 minutes and the Dow is down 230 point. No telling where it will end up since it's sure to be highly volatile all day.
Monday, August 08, 2011
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What I said at "Obama Goes Strangely Silent":
I will note that the Tea Party people have NOT been taxing me and spending my money. I hold them in high esteem for that fact alone.
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