Front and Center

Politics, society, and other random randomness

Tag Archives: Lehman Brothers

Random Thoughts: White House and the Ratings Downgrade, Al “global warming” Gore Unhinged, Wisconsin Recall Elections

Just a few thoughts and observations:

With the recent downgrade of the country’s credit rating by Standard & Poor’s, the White House had to blame someone for what happened.  So they complained loudly about how S&P had made a mistake with the downgrade, even pointing out an accounting error that S&P made that made things look worse than they really are.  Then, they came out and blamed the Tea Party for causing the downgrade.  I’m confused.  If S&P made a mistake, it would have nothing to do with the Tea Party, right?  Then again, everything is the Tea Party’s fault, from what I hear.

The other day, President Obama did a press conference to address the credit downgrade.  While he was giving his speech, the stock market dropped 200 points.  Ouch.

Speaking of Standard & Poor’s, how do you go forward with a downgrade even after you’re told you made an accounting error?  Simple.  Just blame the politicians!  Say it’s because Congress can’t work together.  Come up with a worthy excuse.  But just don’t own up to it.  By the way, they didn’t downgrade Lehman Brothers until AFTER they imploded…

Former Vice President and current Global Warming–uh,  Climate Change– crusader Al Gore was giving a speech recently and ran off the rails.  Seems he was calling BS on those who don’t agree with him, and called the scientists who put out anti-warming info fake.  I could’ve sworn that the main basis for the argument is whether or not the changes occurring are man made or natural.  But I digress.

It’s recall season in Wisconsin.  Democrats, angry that the Republican-led Legislature changed collective bargaining law, were able to collect signatures to force a recall election for 6 Republican state senators.  In order to have a chance at taking control of the state Senate, they needed to win 3 of the seats up for recall.  Unfortunately for them, they only won 2.  There are more elections coming but they will have no chance at winning control until the next election.  If the Dems had succeeded, I think it would’ve sent shockwaves nationwide.  Having said that, pay attention to the redistricting fights going on in the states.  Redistricting happens every 10 years and the party in power at the time in a particular state usually tries to stack things in their favor.  Look and see how strange some districts end up looking just to accomplish either keeping a rep in office or getting the opposition OUT of office.

Advertisements