US Stocks Down 15% in 2 Weeks

[Sbane]

The S&P downgrade is almost completely the Republican's fault. Democrats were willing to cut Medicare if Republicans would raise taxes. But the ideological dimwits wouldn't budge. Thanks for destroying America's credit rating assholes.

 That $4 Trillion compromise needed to pass (or something like Simpson-Bowles). Unfortunately nothing like that can pass with the Republicans in charge of congress. Are the American people going to wake up or keep sending the children back to Washington?

[Sbane]

And thank you President Obama for providing this leadership to new depths.

Yes, Obama's leadership can be blamed.  But what about the GOP's unwillingness to raise taxes? We got into this mess due to tax cuts and we have to get out of it by slowly raising the tax rates back up. If anyone thinks we can escape the mess without raising taxes, they don't deserve to be in Washington. Those people are completely naive and unwilling to face reality. (and yes the Dems who won't cut Medicare are the same, but they aren't so powerful, are they now?)

[Sbane]

And thank you President Obama for providing this leadership to new depths.

Yes, Obama's leadership can be blamed.  But what about the GOP's unwillingness to raise taxes? We got into this mess due to tax cuts and we have to get out of it by slowly raising the tax rates back up. If anyone thinks we can escape the mess without raising taxes, they don't deserve to be in Washington. Those people are completely naive and unwilling to face reality. (and yes the Dems who won't cut Medicare are the same, but they aren't so powerful, are they now?)

Who is disagreeing?  I think part of this increasing income taxes.  I think it takes someone to do both.  I'd be willing to give Obama a pass on being a tax and spend liberal if he wouldn't do the spending part.

Dude Obama already agreed to huge spending cuts, and has been more than willing to cut taxes (idiotically, of course). I don't see how he is a tax and spend liberal (even the stimulus only increased SPENDING by about $600 Billion).Right now it's the GOP's turn to step up and be willing to raise taxes. I think a 2:1 or even 3:1 ratio of spending cuts to tax hikes would be reasonable. It's absolutely ridiculous the GOP couldn't even agree to that.