Posts Tagged ‘standard

23
Sep
11

lies, lies, lies…..

Glenn Kessler (Washington Post): Another lengthy presidential debate, and more bogus claims and counterclaims to check…..

Rick Perry: “I got lobbied on this issue. I got lobbied by a 31-year-old young lady who had stage-four cervical cancer. I spent a lot of time with her. She came by my office. She talked to me about this program…..”

Perry is being misleading when he discusses his controversial vaccine order. He makes it sound like he was lobbied by a cancer patient, not his former chief of staff working for a drug company, and that’s why he made his decision.

But he has the story backwards. He met Heather Burcham, a 31-year-old woman who died from cervical cancer after contracting HPV, after he signed the mandate ordering vaccinations for children.

Perry: “When we had the opportunity to sell India the upgraded F- 16s, we chose not to do that.”

Perry gets this story backwards. He may have been focused on the F-16 because it is built by Lockheed Martin in Fort Worth, Texas, but India made the decision to not buy F-16s and instead go with another military jet. It was not the U.S. choice. The Obama administration actually lobbied hard for the sale, and the aerospace firm had assured India that its F-16s would be “much more advanced” than the fighters provided to Pakistan.

Romney: “The president went about this all wrong. He went around the world and apologized for America….”.

Regarding the supposed apology, we have repeatedly called this out as a Four-Pinocchio falsehood. A careful review of all of Obama’s overseas statements found that they had been taken out of context or had been misquoted.

More here

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Bill Kristol: The Weekly Standard’s official reaction to last night’s Republican presidential debate: Yikes.

Reading the reactions of thoughtful commentators after the stage emptied, talking with conservative policy types and GOP political operatives later last evening and this morning, we know we’re not alone. Most won’t express publicly just how horrified – or at least how demoralized – they are……

The e-mails flooding into our inbox during the evening were less guarded. Early on, we received this missive from a bright young conservative: “I’m watching my first GOP debate…and WE SOUND LIKE CRAZY PEOPLE!!!!” ….

…. no front-runner in a presidential field has ever, we imagine, had as weak a showing as Rick Perry. It was close to a disqualifying two hours for him. And Mitt Romney remains, when all is said and done, a technocratic management consultant whose one term as governor produced Romneycare….

…. we do ask (again!), with a month left before filing deadlines: Is that all there is?

More here – but be warned, it’s right wing territory ;-)

20
Aug
11

aaa to b+

Robert Reich explains the credit downgrade

10
Aug
11

‘burned on a teacup’

Mark Mellman (The Hill): Make no mistake: Republicans castigating President Obama for S&P’s ill-considered downgrade are akin to a mugger attacking the mayor, then blaming the sheriff for “letting” him do it.

Republican members of Congress attacked the full faith and credit of the United States by arguing publicly that defaulting on our debts would not be so bad. No rating agency can hear that and remain confident America feels bound and determined to pay its bills.

When every serious GOP economist and most every Republican who has carefully investigated the issue – from Sen. Tom Coburn to former Sen. Alan Simpson – conclude that both spending cuts and revenue increases are required to restore our fiscal heath, but Republican leaders announce they will refuse to appoint anyone to the supercommittee who might even consider eliminating billions in subsidies to oil companies, they not only subordinate the national interest to the interests of Big Oil, they also send an unmistakable message to rating agencies that they aren’t serious about restoring fiscal discipline, thereby mugging America’s credit rating. Then they attack President Obama for what – allowing them to speak freely, if foolishly?

… “Tea Party” is becoming a dirty word …. Republicans running for every office from president to dog catcher are forced to pledge fealty to a group that is increasingly scorned by the American people.

The same could be said of the GOP itself. Just this week CNN/ORC pollsters found 59 percent of Americans harboring unfavorable views of the Republican Party, while only 33 percent offered favorable opinions. At no point in the last two decades has opinion of the Republican Party been so negative …. (While hardly loved, Democrats are 26 points better off than the GOP.)

…. Americans want compromise and moderation, while Republicans emerge from this crisis looking uncompromising in their extremism. Public preference for compromise is clear – three recent polls found 66 percent to 85 percent saying they would rather the parties compromise than stick to their principles.

But the GOP failed this test … Being uncompromising, extreme and in thrall to a movement that is becoming a pariah will hurt the GOP. Unfortunately, it hurts the country even more.

Full article here

****

Gallup

10
Aug
11

surprise, surprise!

HughBoyOhBoy (DK): I did some checking this afternoon on the Federal Election Commission’s database of financial contributors to political candidates. Within minutes I found that Harold W. McGraw III, the Chairman, President, and CEO of Standard & Poor’s parent company, is a big money contributor to lots of Republicans.

Repeat recipients of McGraw’s largess include Mitt Romney, George W. Bush, the National Republican Congressional Committee, the National Republican Senatorial Committee, something called the Bush-Cheney Compliance Committee, and many more Republicans …. He has never given any money to the Obama campaign nor any to the Democratic Party.

Gee, how convenient. Standard and Poor’s issues a politically biased rating with a $2 trillion error. Republicans wave that rating around like Moses just brought it down from the mountain as verification of their defamation about the Obama presidency. And the head of the company making those ratings happens to give money to the likes of Mitt Romney and the Republican Party…

Thanks Fred

09
Aug
11

tuesday

****

The White House announced Tuesday morning that the President’s trip to Interstate Moving Services in Springfield, VA., where he was scheduled to talk about fuel efficiency, has been cancelled.

Instead, the President will “meet with industry officials at the White House to discuss the first of their kind fuel efficiency standards for work trucks, buses, and other heavy duty vehicles,” the White House said.

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Eugene Robinson: The so-called analysts at Standard & Poor’s may not be the most reliable bunch, but there was one very good reason for them to downgrade U.S. debt: Republicans in Congress made a credible threat to force a default on our obligations.

This isn’t the rationale that S&P gave, but it’s the only one that makes sense. Like a lucky college student who partied the night before an exam, the ratings agency used flawed logic and faulty arithmetic to somehow come up with the right answer. No, life isn’t always fair.

And no, I can’t join the “we’re all at fault” chorus. Absent the threat of willful default, a downgrade would be unjustified and absurd. And history will note that it was House Republicans who issued that threat.

…. What happened this summer is that Republicans in the House, using the Tea Party freshmen as a battering ram, threatened to compel a default. More accurately, they demanded big budget cuts as the price of raising the debt ceiling. If the Senate and President Obama did not comply, the Treasury’s access to capital through borrowing would have been cut off.

…. The ratings agency should have focused instead on the one development that has direct bearing on our creditworthiness: the GOP threat to force a default. House Majority Leader Eric Cantor should never have planned to use the debt ceiling vote as “leverage.” Obama should have made clear from the start that if necessary he would take unilateral action, based on the 14th Amendment, to ensure there could never be a default. And yes, progressive Democrats who voted against the final debt-ceiling bill should be ashamed.

It’s pretty simple: If you threaten not to pay your bills, people will — and should — take you seriously.

Full article here

08
Aug
11

the, um, liberal media

SFGate: The Standard & Poors’ rating agency decision to reduce the United States’ long term debt from AAA to AA+ was explained in a press release that specifically mentioned “the majority of Republicans in Congress continue to resist any measure that would raise revenues,” should, itself, make headlines like “Standard And Poors Blames U.S. Credit Rating Reduction On Republicans.”

But the fact is, some publications, most notable The Associated Press and Politico, are working (thus far) to cover up S&P’s finger-pointing at Republicans. Instead, they appear to be pointing their own fingers at President Obama – someone not mentioned in the Standard and Poor’s press release.

Take Jonathan Allen in Politico: Standard & Poor’s delivered an unambiguous message to investors Friday that has serious implications not only for the nation’s economy but also for President Barack Obama, the tea party and anyone else with skin in the 2012 elections: America’s political system is subprime.

That was how Allen started off his article. In it, there was zero mention of the two very damaging statements S&P used in its press release, and directly aimed at Republicans….

… Allen’s Politico article had a lot of Republican quotes, not many Democratic quotes, and in all failed to tell the truth of Standard & Poor’s message.

And then there’s the Associated Press’ article by Martin Crutsinger. It fails to include, or mention Standard & Poors’ GOP-directed press release quotes….

…. It’s purely irresponsible for The Associated Press and Politico to fail to accurately report the contents of the Standard and Poors press release. If The Associated Press and Politico want to damage President Obama, they should just come out and say so. Heck, Senate Majority Leader Mitch McConnell said that his objective was to make President Obama “A one-term President”….

Full post here

Thanks Ladyhawke




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