Quotes of the day

posted at 9:00 pm on August 7, 2011 by Allahpundit

“The S&P will monitor the U.S. for about six to 24 months to see whether its fiscal position deteriorates further or if political gridlock gets worse. John Chambers, the group’s managing director, said Sunday it would take stabilization of the debt as a share of the economy to determine the direction of S&P’s rating, and it’s no easy task to get it to rise.

“‘If history is a guide, it could take a while. We’ve had five governments that lost their AAA that got it back. The amount of time that it took for those five range from nine years to 18 years,’ he told ABC’s ‘This Week.’

***

“The credit rating agency Standard & Poor’s showed ‘terrible judgment’ in lowering the U.S. government’s credit rating, Treasury Secretary Timothy Geithner said Sunday.

“‘They’ve handled themselves very poorly. And they’ve shown a stunning lack of knowledge about the basic U.S. fiscal budget math,’ Geithner said in his first public comments about the credit rating decision.”

***

“‘Listen, Bob, what I’m saying is review the history of what happened here,’ Axelrod said.

“‘I think, first of all, people are less concerned about that than where we go moving forward. But let’s look at the history of this. The fact of the matter is that this is essentially a tea party downgrade. The tea party brought us to the brink of a default. By the way you said before, the president said … if we had defaulted on our debt the consequences would have been dramatic and lasting. So, you know, it was the right thing to do to avoid that default. It was the wrong thing to do to push the country to that point. It’s something that that should never have happened. That clearly is on the backs of those who were willing to see the country default. Those very strident voices in the tea party.’”

***

“‘The Tea Party hasn’t destroyed Washington — Washington was destroyed before the Tea Party got there,’ Mr. Graham said. ‘The hope is that the Tea Party and middle-of-the-road people can find common ground to turn this country around before we become Greece. I hope we can.’”

***

“‘The president has to put some muscle in his rhetoric and go after the Tea Party as home wreckers. I think the president in following his own precept in being a conciliator. It’s great and quite noble but he’s in a situation in which he really has to stand up for things in which he believes,’ Baker said…

“‘The American people need the Republicans to stop their reckless and irresponsible political games that led to this unfortunate downgrade,’ said House Assistant Democratic Leader James Clyburn (S.C.). ‘They have repeatedly walked away from the negotiating table whenever the two sides got close to a balanced blend of both spending cuts and revenue raisers.’

“Rep. Steve Israel (N.Y.), chairman of the Democratic Congressional Campaign Committee, said: ‘The indisputable fact is that until this group of Roadblock Republicans forced Speaker Boehner to walk away from a deal, America never came to the brink of a default and we never experienced a downgrade. This downgrade is the direct result of Roadblock Republicans.’”

***

“Those (many) who are rubbishing the eminently rubbishable S&P tonight are generally not grappling with something we’ve been talking about for years around these parts: The current fiscal trajectory of the United States is not just deteriorating rapidly, it’s definitionally unsustainable. That’s not crazy libertarians talking, that’s Barack Obama and Ben Bernanke…

“I eagerly look forward to this being blamed on libertarians, but even more than that I truly look forward to the day when the political class in this doddering country recognizes that you can’t just wave away a spending spiral by pretending that it doesn’t exist.”

***

“For Republican leaders, there was pride in a hand well played. ‘I think some of our members may have thought the default issue was a hostage you might take a chance at shooting,’ Senate Minority Leader Mitch McConnell (R-Ky.) said. ‘Most of us didn’t think that. What we did learn is this — it’s a hostage that’s worth ransoming.’…

“‘Would Democrats have ever agreed if they thought the new freshman class was going to roll over? No. The freshmen made our hand so much stronger,’ [Kevin McCarthy] said in an interview. ‘You had a fear of how far they would go. I’m sure the president looks back, too, and was fearful. But in negotiations, isn’t that the best thing?’

“Chaffetz, who voted against both Boehner’s first proposal and the final bill, said he was well aware of how the leadership had used his and others’ willingness to let a default happen as a negotiating chip, and said he didn’t mind at all. ‘We weren’t kidding around, either,’ he said. ‘We would have taken it down.’”

***

Via Mediaite.

***

Via Mediaite.

***

Visit msnbc.com for breaking news, world news, and news about the economy

Breaking on Hot Air

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

Comment pages: 1 2 3

“Chaffetz, who voted against both Boehner’s first proposal and the final bill, said he was well aware of how the leadership had used his and others’ willingness to let a default happen as a negotiating chip, and said he didn’t mind at all. ‘We weren’t kidding around, either,’ he said. ‘We would have taken it down.’”

And this is how the Tea Party gets the blame..they do not deserve it, they are not the ones who spent all that money, but this kind of rhetoric makes it easy for politicians like Obama and Kerry and Axelrod to avoid taking responsibility for their own stupidity.

Terrye on August 8, 2011 at 6:56 AM

John Kerry: Still giving Øbama a run for his money for King of Poseur.

petefrt on August 8, 2011 at 7:00 AM

Thirty years ago the print and electronic media would have been successful in convincing everyday Americans that the Tea Party obstructionists were responsible for the S&P downgrade.

They sure were successful in pushing the Big Lie that Democrats were the party of Civil Rights and Republicans were the racists. Shoot, even the Dems today still believe that one . . .

BigAlSouth on August 8, 2011 at 7:02 AM

Abolish all public sector Unions. There is no need for them to need “protection” from taxpayers. Bloodsuckers.

Key West Reader on August 8, 2011 at 7:03 AM

mika is still pushing the blame the tea party meme…

cmsinaz on August 8, 2011 at 7:11 AM

“‘The president has to put some muscle in his rhetoric and go after the Tea Party as home wreckers

and we are suppose to negotiate with this mentality….i don’t think so

cmsinaz on August 8, 2011 at 7:14 AM

Obama plans to lay low for most of the day, saving his energy for two fundraisers in the evening.

via politico

priorities….

cmsinaz on August 8, 2011 at 7:17 AM

mika is still pushing the blame the tea party meme…

cmsinaz on August 8, 2011 at 7:11 AM

Pat Buchanan does a great job of defending the Tea Party in a mild mannered factual way and Scarborough screams like a maniac. I guarantee whatever liberal audience member was watching the show has changed the channel. He’s the worst. Just yells. I’d bet MSNBC would love to get rid of him, now they need to find another “Joe”.

Marcus on August 8, 2011 at 7:18 AM

This doesn’t even make me angry. They are talking to themselves and rationalizing their own crimes.

rob verdi on August 8, 2011 at 7:28 AM

Marcus on August 8, 2011 at 7:18 AM

i think you maybe right…not towing the company line as much….

cmsinaz on August 8, 2011 at 7:28 AM

A drug addict goes on a bender after a failed intervention. Whose responsible, the people who tried help or the addict?

rob verdi on August 8, 2011 at 7:30 AM

The Washington elite are still clueless and probably will be until we drag them kicking and screaming from office in 2012. Most Americans are listening to this stuff in total disbelief. We are awake and they think we are still asleep.

McCain woke up long enough to figure this out. But fret not, he’ll be back to calling us hobbits soon enough.

csdeven on August 8, 2011 at 7:33 AM

John Kerry the TAX CHEAT is going to lecture us about how we don’t pay enough taxes?

SwabJockey on August 8, 2011 at 7:37 AM

OT: obama admin sure likes them waivers

cmsinaz on August 8, 2011 at 7:38 AM

My take.

kingsjester on August 8, 2011 at 7:46 AM

I’m very confused. On Saturday the downgrade was because of faulty math by S&P. Now it’s the Tea Party’s fault….?

JohnTant on August 8, 2011 at 7:48 AM

kingsjester on August 8, 2011 at 7:46 AM

another good one KJ

cmsinaz on August 8, 2011 at 7:58 AM

cmsinaz on August 8, 2011 at 7:58 AM

Thank you, ma’am!

kingsjester on August 8, 2011 at 8:03 AM

Even if I were a democrat I couldn’t care less what John Kerry had to say. About anything. Not even ketchup.

scalleywag on August 8, 2011 at 8:16 AM

OT: obama admin sure likes them waivers

cmsinaz on August 8, 2011 at 7:38 AM

An O’bama official says we’re less than a month from the start of the school year…further proof they have no clue what life is like in Red states like GA, where many school districts start today….

rwenger43 on August 8, 2011 at 8:49 AM

John F Kerry isn’t he that guy who lost to George W Bush in 2006 Presidential election. Back home we call people like John F Kerry – Sore Losers. We sure dodged a bullet with him, and his running mate John “I Am Not The Father Of Reille Hunter’s Baby” Edwards. R.I.P. Elizabeth Edwards.

Dr Evil on August 8, 2011 at 8:56 AM

The S&P warned of a downgrade back in April why wasn’t John F Kerry listening to the S&P back in April before there ever was a debate over raising the debt ceiling? John F Kerry belongs to a generation that has exploited it’s way through power. We all know that power corrupts absolute power corrupts absolutely. John F Kerry, leading but nobody following him off that socialist democrat cliff. We’ve seen Western Europe John, take your head out of your butt, and you can see it too FAIL.

Dr Evil on August 8, 2011 at 9:02 AM

It continues to be amusing to see which “idiots” self identify by claiming the “Tea Party Downgrade” banner.

J_Crater on August 8, 2011 at 11:13 AM

“‘They’ve handled themselves very poorly. And they’ve shown a stunning lack of knowledge about the basic U.S. fiscal budget math,’ Geithner said in his first public comments about the credit rating decision.”

Maybe S&P used actual math rather than unicorn math.
There’re bound to be a few discrepancies.

Solaratov on August 8, 2011 at 11:30 AM

Why the long face?

right2bright on August 8, 2011 at 12:16 PM

Comment pages: 1 2 3