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!”
i do not mind satire – just as long as it is funny….
I do not mind satire -
How stupid are all the commentors??
THIS
IS
SATIRE.
Idiots
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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.
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.
duty is always bad, but when you pass the limits of affordability is catastrifico, that's what we're seeing today
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…
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HATERS!!!!!!!!!!!!!!!!!!!
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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.