"I don't think we should make too much out of that [credit rating hit]. What Standard and Poor's is doing is making a political judgment and it is one that we don't agree with." --Austen Goolbee, Barack Obama's "top" economist
The only explanation (for not agreeing with S&P) can be a state of denial -- not a good thing to have at a presidential aide..
"We shouldn't be playing chicken with our economy by linking the raising of the debt ceiling to anything." --White House Press Secretary Jay Carney
...From the Krugman school of economics
"What we have to do in this country is remember who we are and that's the reason why I like to travel and to get out because, look, no matter what people say, when they see you they're excited and they're proud and you know, everybody, everybody has their detractors and that's part of what the political process is all about. I want to embrace the country that I love. The country that I know is positive and fair and there's so much of that out there, that it's very easy to kind of push the other stuff aside and not take it in. It's easier than you'd imagine." --First Lady Michelle Obama
At least she loves her country now; that is a long way from being proud of it for the first time 2 years ago!
"Virtually every action taken by business to avoid taxation has a negative economic impact, since the greatest economic value is obtained when money goes where it wants to go, and transactions are conducted for the maximum mutual benefit of all parties involved. Dollars sheltered from taxation become pale and sickly, when they desperately want to go outside and play in the sun." --columnist John Hayward
Has this guy studied one days worth of economics in his miserable life?
"I believe that budgets are moral documents. ... And I'm not so sure that this is not anything more than an immoral document where the poor are concerned. [The budget negotiations] effectively locked out the American people, namely, the poor. ... I don't understand why it is in this town that every debate about money always begins and ends with how we can further reward the rich and more punish the poor. I don't get that." --PBS's Tavis Smiley
--Yes, because it is all government's money, right Travis?
"Why do these rich people need another tax cut? I mean, they're already rich. They seem to be doing pretty well as it is now. Why cut their taxes some more? ... I guess the part that I don't quite understand -- and I take your proposal to be a serious one -- but the part I don't understand is if the country is going bankrupt, if the country needs to borrow 40 cents of every dollar that it spends, how do you help that by reducing the amount of taxes that the richest people in the country pay? It would be seem to me that's where you get revenue." --CBS anchorhead Bob Schieffer
If you can visualize Schieffer's usual idiotic (I have no clue) look, it all falls in to place
"In playing to the Tea Party, the potential candidates also will have a challenge. Recent polls show 47% of Americans have an unfavorable view of the movement. So candidates looking for Tea Party votes have to be careful not to alienate moderates." --CBS legal reporter Jan Crawford
...Ehem Jan, that is less than the Presiden't negative image
"Now, you know we just had Tax Day so nobody wants to pay taxes. Let me tell ya, I looked at my Tax Reform and I thought, 'hmm...' Ya know there was a moment there where you look at the figure you're paying and you say, 'Wow, let me think about my position on taxing the wealthy here.' I understand that. Nobody volunteers and says 'Boy, I'm just wild to pay more taxes.' But it's a matter of values and what we prioritize. And I certainly don't think my taxes should be even lower!" --Barack Obama
No comment necessary
"I think I can make that case, and I think that, in the debates that take place over the next 18 months, the American people will feel that I deserve a second term." --Barack Obama
To be filed under the delusional category
"A few short weeks ago I came to the House floor after having purchased an iPad and said that I happened to believe, Mr. Speaker, that at some point in time this new device, which is now probably responsible for eliminating thousands of American jobs. Now Borders is closing stores because, why do you need to go to Borders anymore? Why do you need to go to Barnes & Noble? Buy an iPad and download your newspaper, download your book, download your magazine." --Rep. Jesse Jackson Jr. (D-IL)
"America pays its bills. I hope Majority Leader Cantor and those in Congress seizing upon debt ceiling pressure as a 'leverage opportunity' are listening to the markets today and thinking twice about their risky strategy." --Rep. Peter Welch (D-VT) recklessly demanding a new infusion of cash for government overspending by boosting the debt limit
And finally some sanity (from Germany no less!)
"The primary reason for America's political stalemate is Obama's refusal to see that, in an aging society, social spending cannot be as generous as it has been in the past. The great social reformer Obama is at least 20 years too late with his ideas." --The center-left daily Frankfurter Allgemeine Zeitung