OBAMA THROWS "DOWNGRADE PARTY" AT WHITE HOUSE

WASHINGTON –   For the first time in history the U.S. credit rating was downgraded – and the White House celebrated in style!
Standard & Poor’s announced Friday night that it has downgraded the sterling U.S. credit rating for the first time in the nation’s history.  The Obama Administration not only shrugged off the announcement, and held another barbecue party before the President headed to Camp David for more parties this weekend.

“We’re still AA+,” said Jay Carney, the White House Press Secretary.  “An A+ is an A+, we’re still at the top of the class.  If we were downgraded to a B or B+ we would be concerned, but we’re still A rated!”

Obama’s had it’s second Hip-Hop BBQ in two days.   The President had Earth, Wind and Fire over to the White House along with Jay-Z, Beyonce and Oprah.  They all danced in a conga line around Tim Geithner, the Treasury Secretary, who seem unfazed by the downgrade.
“It’s a tiny downgrade, we’ll be upgraded soon.  It’s no big deal.  Have another mojito,” said Geithner to WWN’s Frank Lake.
S&P decided to lower the AAA rating, held by the United States for 70 years, to AA+ after a bipartisan debt deal signed into law this week failed to assuage concerns about the nation’s growing spending.
Analysts have said a downgrade could increase the cost of borrowingfor the U.S. government and lead to tens of billions of dollars in more interest costs per year. That could translate into higher borrowing for consumers and businesses, too.
Nancy Pelosi and Harry Reid were at the White House “dancing barefoot in the Rose Garden.”
“The downgrade does not affect the White House,” said one White House insider, “we all just got 20% pay raises!”
Tom Hanks danced on a piano rug with Susan Sarandon.

“The president asked everyone to dance — and they did!” read a Politico account of the “Downgrade Party.”  The menu included barbecue chicken, ribs, hot dogs and salad.
Also present: Chicago pals, law-school friends, donors — and lots of kids of friends, who stole the show by doing dance routines to the hip-hop songs, in the center of the East Room.’
“This is the best downgrade party I’ve ever been to!” said one young White House insider.  “This is awesome!”

45 thoughts on “OBAMA THROWS "DOWNGRADE PARTY" AT WHITE HOUSE”

  1. NASA is a worse bureaucracy than Amtrak or the Post Office. Defund the pointless manned program crap and focus on robotic probes and satellite projects like X-ray telescopes and the like. The entire 30 year Space Shuttle program was a phenomenal waste and produced nothing of real value scientifically. If the Chinese want to piss away their money to sent some dudes to eat freeze-died show mein on the Moon, let them do it. There's nothing there other than the ability for the Chinese to say they can now do what the US did in 1969.
    NASA should be cut extensively. Amtrak should be sold, The Post Office should also be sold. although that might require a Constitutional amendment so perhaps we should just contract it out privately to the lowest bidder. The F-35 is as much of a dud as the F-22 – unmanned drones and missiles are where it is at and going to be. The F-18 is plenty of plane for the next 50 years for any manned missions, given present and future radar technology and missile technology which make manned planes untenable on a modern battlefield where air superiority is contested.

  2. They wanted the down grade all of the American Government wanted it.
    But WHY ,all our debt just went down ,China is now holding American money that has less value than it did before.
    If the American inflation gets to 10% all our debt is decreased by half China makes alot less money of the T-bonds they hold.
    China is very mad ,who cares not me.

    • Engineer Scott
      Nice rationalizing. Just think -it could be even better if the U.S.A. gets downgraded to an F rating. Then China would be even madder. But how does that help Americans? You have to be kidding.
      If the American government truly wanted a down grade, which I seriously doubt, with all the negative repurcussions that go along with our disgusting debt and frivolous liberal leaders, America is a much weaker country with a bad economy and weaker ability to defend ourselves if the need arises.
      And don't blame Bush. He was doing pretty well with a strong stock market, a decent economy, and an honest effort to provide for our safety after 9/11, which was backed by the vast majority of Democrats, until the new Democratic Congress with their boys, Barney Frank and Chris Dodd, destroyed Fannie May and Freddie Mack, the value of our homes, and the stock market, to name just a few of the disasters these extreme liberals caused.

  3. Yeah, but, Michael, the White House crowd got a 20% salary increase. How much of an increase have you and your friends and neighbors received?
    We blew it when we didn't force the Senate and the president to take action on Cap/Balance. Their voting it down would have 1) identified by name the naysayers, and 2) allowed us to keep our AAA rating because of the cap and balance.
    So, we Tea Party types are miscreants, huh? Well maybe the rest of the nation is finding out just how many of us there are who are sick and tired of government as same-old same old and disrespectful of the voters who put them in government in the first place.

  4. Remember when teachers, public employees, planned parenthood, NPR and PBS crashed the stock market, wiped out half our 401Ks, took trillions in taxpayer funded bailouts, spilled oil in the Gulf of Mexico, gave themselves billions in bonuses, and paid no taxes?
    Yeah, me neither. Pass it on.

  5. Until Obama has to change the welfaree system in this country those people will keep him right where he is now. Fat and sassy thumbing his nose at white people and going after the people in this country who have money, that's what he is all about.

  6. Bachman is probably celebrating. She steadfastly refused to vote to raise the debt ceiling. Never mind raising taxes!
    Because of this, Boehner has been having a problem with her and the rest of the Tea Party in breaking gridlock.
    S&P downgrades the US, citing gridlock and failure to raise revenues.
    The stockmarket tanks.
    “We need to be truthful,” Bachmann insists, as she is: Asked recently if higher unemployment would be good for her 2012 hopes, she candidly replied, “I hope so.” http://www.newser.com/story/123408/michele-bachma

  7. It's all smoke and mirrors…
    “The downgrade does not affect the White House,” said one White House insider, “we all just got 20% pay raises!”
    Seems like a good bash though.

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