Downgraded President Will Speak to Press at 1 PM Eastern — Update: Live Stream Video Added — Update II: Video Added…
Update: 12:55 — Should start in the next few minutes.
Update II: Postponed until 1:30.
Here’s where the markets are going into this:
- Chicago Jesus has arrived.
- Quotes Warren Buffet saying we should have AAA.
- Says “markets agree” we should have AAA.
- Markets continue to reaffirm our credit worthiness.
- Calls for tax hikes to lower deficit.
- Will layout a plan “in coming weeks” to lower deficit.
- Claims 1 million fewer jobs unless unemployment benefits extended.
- Wants more stimulus spending to create jobs.
- “No matter what some agency says we will always be a AAA country”
- Respect to SEALs lost over the weekend.
And it’s over.
Posted by ZIP on Monday, August 8, 2011, at 1:29 pm | 
Tweet
Save your breath douche bag nobody wants to hear what you have to say.
0bama will blame S&P, The TEA PARTY, Republicans for not raising taxes, Europe debt crises, Japan’s Earthquake, full moon, odd number year, Americans watching too much Jersey Shore, pea shortage, delay in the NFL training camps, goat entrails, volcano in Chile.
Hey WM…
does ZIP need sunglasses or tyvek suit in order to watch it….?
we will give donations so ZIP can protect himself
barry inherited a AAA rating from bush..
keep blaming bush u pos
1. He will call for a balance approach to include new revenue to take care of the debt as S&P have mentioned.
2. He will take no questions.
3. He will mention somehow the “incorrect math” by S&P.
No leadership to see here, move along please
Obama and Geithner are up shit creek because they didn’t alert their insider trader buddies on the S&P downgradein time. It’s not their fault, S&P was supposed to let the White House know.
I hear the delay is due to someone forgetting to put the TeleprompterOTUS, on charge last night.
4. He will anounce a DOJ investigation of S&P for corruption.
im smellin a landslide ’12
hell, zip should throw hat in ring!
TOTUS will finally speak ! Be still my heart.
Anything Mau-Mau Man says will simply be a frankenstein aggregate off the shucknjivehopeychangey banalities he’s made of. PCBS rhetorrhea. We long ago spotted the puppeteers hands up yer halfblack ass.
Go away. Play golf. Take the Bitch widya. Go get your marching orders from Queenie Jarret and yer focusgroups.
But go away.
Bets on how many times he says:
Balanced approach
It’s Bush’s fault
It’s the Tea Party’s fault
Downgrading is really not that significant
Market correction
Etc.
Pipe down obama and go away
Shit, has anyone else seen this today?
George Soros made a billion dollars betting we would get a down grade in our credit rating.
Treason.
http://www.dailymail.co.uk/news/article-2023809/Did-George-Soros-win-10-1-return-S-Ps-US-credit-rating-downgrade.html
@Kat
Don’t forget the corporate jet owners. They are pure evil.
@NavyTim says:
4. Blame Bush
5. Blame Republicans for not going ‘Big’.
Does anyone else think this would be a great time to reintroduce CCB and the Balanced Budget Amendment?
Yeah right…Obama will speak to the press at 1pm?? 1.15 more likely.
I can`t recall that arrogant SOB ever being on time.
6. Shared sacrifice.
Thanks Zip for watching, can’t do it myself, hafta clean the corporate jet.
They haven’t even told him is talking yet,because he’s still in bed sleeping it off.
Does anyone else think this would be a great time to reintroduce CCB and the Balanced Budget Amendment?
================================
Absolutely…
Now is when barry needs to move on gun control. he`s allready fucked us so bad. He might as well as finish it.
For those who wont be able to listen, I have the summary here:
I tried, they opposed me
Things are not as bad as seem
S and P is wrong
Recovery is slow but we are moving in right direction
Bush
Revenues
Rich people
Taxes, Bush Tax Cuts
I tried, they opposed, radical elements in the house
Treasury has the right figures, everyone else is wrong
Jobs, need jobs
$4trillion was offered in cuts last week.
Jets.
This week, I want to spend to save my job, er er er, jobs
Bush
Them
House republicans
Bastard Bush
Hope
God Bless America
Exactly why does he need to bother us again with yet another speech? The rush to meet the Aug 2 deadline was just as fake as his birth certificate.
Biiiig corpse not paying their “fair” share…………….
Gort;
You left out George Bush!. This is nthe worse administration since the formation of the republic, AND I believe it all is intentional.
7. Those greedy Yacht owners
Anyone see that Soros has made $1B off of this?
There’s Barry’s campaign fund he wanted.
8. Hedge fund managers
I’ll watch it from my toilet on the wide-screen in my lavatory.
Looks like that they are having problems with me.
It’ll be the same old blame game bullshit.
Megan Kelly’s back at the News Desk. Looking hot with a Shrot New dooo.
9. Big oil
1:30 now??
POS really must be hungover!
Now delayed until 1:30pm
Now it says 1:30 on the video-what the Fk is with this guy? Maybe he is puking his guts out from nerves.
NOT!
S.O.B. is always late. Classic narcissist.
Usurperboy will channel reagan since young ‘uns don’t know from reagan, he’ll of course blame bush, he’ll call it the teaparty downgrade even though the tea party fought spending which is what S&P wanted…
in short, he’ll just spew diarrhea
that’s what foreign communist installed enemy usurpers do when they’re trying to destroy the USA
check for the runny nose or white dust on his lapels
9. These are the very same people who put their stamp of approval on som amny toxic home loans.
& Yes Rob I think the House should reconvene to start talks on CC&B
@Ohio
Yes, of course..
Bets on how many times Obama mentions corporate jet owners?
Ohio, your Gov. Kasich rocks! Lower taxes and S &P upgrading Ohio’s rating. It’s not rocket science, but still very cool!
He’s coming in from the links as soon as he putts-out on the
last hole.
10. Same folks toxic loans.
I’ve always heard it said being late is a sign of anger.
We inherited this burden, can’t fix it in four years.
S&P said CCB and BBA would’ve prevented the downgrade
thar ya go
& In reality this is what we are about to witness
http://www.youtube.com/watch?v=xIR5vCacp1c
the only thing he’s really angry about is being exposed
marxist/leninists like foreign enemy installed usuperboy can’t function on either a sanity or truth plane
11. Bush (again)
Rodger – make that list a drinking game! Double shots for ‘TEA Party’.
79 rounds and still can’t break 90
If they keep pushing the time back he might have to miss a fundraiser!
Good snark here:
http://twitter.com/#!/zerohedge
What could this commie assholeus say.. He screwed us intentionally
Is he still in the shower with Reggie Love after morning bball? whassup?
Obama said the evening prayer was “the prettiest sound on Earth.” Then he recited the shahada in arabic with a perfect accent…New York Times
http://www.youtube.com/watch?v=nmMnqGAi1GM&feature=related
The USURPER is in the bathroom on a prayer rug. allah busy, can’t be bothered.
*******Someone pass the Maalox please**********
={
12. This nation’s debt crisis is the 1st thing I think of when I get up in the morning, last thing before I go to Sleep.
Will he mention the Chopper Crash?
No such Luck, that this worthless President would announce he’s Stepping Down from his Presidency !
One could only dream!
I told you the fucker isn’t even up yet, or Reggie isn’t done.
Ok lets see….
Got my barf bag.
Shot of Jack to help induce pre puke drool.
Gun on the desk unloaded.( i got tired of patching holes)
Already ate 5 Tums.
I think Im ready
President ButtCrack late as usual!!
12.5 pivot to debt pivot to jobs pivot to the dance floor….
@Doug Rose says:
Please don’t bring race up; this has nothing to do with that.
That’s funny GRIZZ, how many TV’s have you killed?
@satchmo22 says:
I bet he never gets called for travelling by Moochie’s brother for picking up his pivot ‘foots’.
E-Trade Baby Jumps
http://biggeekdad.com/2011/08/e-trade-baby-loses-everything/
Lighting and Thunder started at 1:30..prophetic
what do you think will he do 5 minutes or just 3?
take questions? (LOL ya right)
Dear Usurperboy:
Shut the Eff up and stop spending.
Sincerely, America
A true leader doesnt blame others, but himself, he already gave himself credit for osama’s killing when the seals did all the work, but he doesn’t want this to be on his shoulders, no sir.
He’s now late for his 1;30.. does it take that long in make up now?? try to hide the red and swollen hung over look, or are they putting more gray in his hair so we will re-elect him?
Is Zips lack of live blogging due to stunned silence or is the Slacker-In-Chief late again?
Mr. Market say FU Obama. LOL
http://www.marketwatch.com/
My wife is more punctual getting ready for a big nite out
Has this guy ever started any presser or speech on time? Nope, just another fine example of how he values the American voter and their time. Besides, he’s had days to put his thoughts together……..guess that explains it.
Alright,I drank the Jack,where is this bitch
Maybe his speech is still downloading onto the tele
“incorrect math” means the horse head in his bead trick didnt work this time.
Might as well roll one
The Futures Market is going nuts with the big FU.
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES.htm
Okay, it’s 1:40…America’s waiting…it’s good to be the king.
@ Grizz :>}
******* Sack of shit is late AGAIN*********
Its been pushed to 2pm
The WH website still says 1:30!!
Classic!!
Rush is saying the delay is so ovomits buddies can dump their stocks
His speech is probably so bad, that even the teleprompter is gagging on it..
1.43 pm and still no sign.
How long does it take to write your resignation Barry? All it takes is 2 words
“I Quit”
Obama: Here let me show America how much I care about our credit rating…
What a fucking pampered dickhead.
Only thing worth hearing is: “I resign”
What, is he playing another round?
Think what money is being wasted while the world waits for him.
Any chance he’s in the bathroom with a really sharp object trying to slice his wrist???? Please or pretty please.
I think he gets off on this shit.. just saying.
Totus on Union required break
I find Obama’s concrete resolve in the face of so much adversity very reassuring.
@GRIZZ,
Wow. Wouldn’t. Be surprised to hear Obama insiders are dumping their stocks. It’s good to be buddies with the king, too.
creatures are stirring
Yes, this is helping to calm the markets. NOT
This is not unfixable…
As soon as Tea Party, which as you know is a cabal of :
Big and Small Business, the middle class, the rich, patriots, young folks that love history, military, or economics, disillusioned blacks, and radical extremists….
Take over the country in 2012 … They will sell out these Maxists in a heart beat.
Just you watch
CapnAngus says:
August 8, 2011 at 1:30 pm
E-Trade Baby Jumps
http://biggeekdad.com/2011/08/e-trade-baby-loses-everything/
That was hilarious! THANKS!
Where are all of you “voices of reason” who were busting on us “hardliners” last week about the putrid debt deal the Repubs agreed to? You know, the deal that was SO smart and that was going to serve us SO well in the long run. You know, before Barky Odowngrade spent his $2T increase in ONE DAY. Go ahead and listen. Odowngrade is going to tell you how it’s all the Republicans’ fault.
now 50 minutes late…
Should have mentioned troops in opening remarks…
& Warren Buffet is just trying to save his reputation because he supported this Cloward Piven following class warfare waging Socialist
What a fucking liar… It took this long for him to come out and blame Conservatives and then tell the world that the market is acting like we have a AAAA rating??? Oh give me a fucking break.
Does he truly believe we’re that stupid? No wonder he thinks he’s re-elected in 2012.
Did this @ssclown not hear what China said??????????????? Wake the F*ck up!!!
Yes!! he said bargaining chip. *drink*
Good proposals and you didn’t use JACK $hit from them…..F*cking eat your CROW NOW!!!
Who dressed Barry this morning? Stevie Wonder?
Calls for tax hikes to lower deficit.
===========================
but no cuts to spending…
“get the job done”
BARF!!
No what we need to change is YOU….oh now you got F*cking Ideas….Bring them @ssclown……….
This guy can’t stand being held responsible for his failures. I’m sure people made excuses for him his entire life. This clown has screwed the American people, it’s his problem, he owns it……..period.
What the F*ck is he talking about?? He is trying to link so much $hit together he is clueless……….
If you’re on unemployment…
you shouldn’t be spending it frivolously
It’s the same shit over and over again. I swear id one person falls for this crap we need to just shoot them,because their all ready brain dead.
WTF is he babbling about?
btw his hair is black again
What a dumb-ass he is.
Everything he has said is just plain dumb…in all the ‘worlds’ as he put things earlier.
Blah blah blah…blame everyone else…blah blah blah..asking for more fed. money…blah blah blah.
He’s done, stick a fork in Debt Man Walking!
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES.htm
now its earthquakes….??
WOW…
I missed the lst minute, did he bother to mention all the fine Navy Seals and other American’s he killed the other day?
Silly me, probably not! He should have.
This is too retarded to believe, I’m live tweeting it and having a few laughs watching the stream.
Putting $1,000 in peoples pockets (payroll tax cut) will save a million jobs?
Just imagine what real tax cuts would do!!
We need a AAA leader to stay a AAA country.
Funny that: The same guy, who as a senator, was with those who insisted the USA needed the permission of France and others in the EU to go to war in Iraq is now insisting the USA doesn’t need the opinion of credit agencies about the level of credit risk the USA has become…
Ah yeah those road and bridges people……….clown wake up……..where is your “I’m lifting all drilling restrictions”….oh there it is f*cking earthquakes…
Impeach Obama NOW!!!!!
what happened to his grey hair…?
Hey, HadEnough, I just said the same thing to my husband. WTF is he saying?
What the hell is he talking about??? Oil is high because of him everything is high because of him… I wish I was so I wouldn’t remember that he is ruining our lives every fucking day.
even tho we lost AAA we are still AAA because that rating company is full of amateurs?
See you on the vineyard-FORE!
talkin’ bout a revolution folks
Did he just flip S&P the bird??? Yeah we heard you S&P but f*ck you………..
windy motherfucker
Does he know the stock is down over 400…yet he says all this BS!
I just shake my head in amazement over what this man has wrought us…and he alone.
Keep in mind as soon as this presser is over he’s off to 2 fund raisers!
That jackass actually said “SOME of the world’s most productive workers”… what an absolute ass.
Wants more stimulus spending to create jobs.
=========================
Here comes QE3..
this has to be the same speech given 300 freakin times…….
Yeah Obozo like you give a rats ass about our troops
The Obamageddon (H/T Rush) Solution: raise taxes
We all knew that would happen. What a POS!
Ha ha! He looks to Warren Buffett. Buffett’s rating was just downgraded!!!!
http://wallstreetpit.com/81143-buffett-not-surprised-sp-downgraded-rating-outlook-for-berkshire-hathaway
why is he all glassy eyed..?
he looks like he just cried
I think he should shave his head like Chavez did.
So the helicopter crashed? not shot down?
Is it just me or does he sound as if he is just campaigning????
Oh goody, he finally mentions our NavySeals we lost…what a guy.
So patriotic.
That should have been FIRST & FOREMOST.
Despicable piece of shit we have in the WH, he’s a disgrace as a human being.
Enemy #1!
thats it?
Same old, same old as the market tanks
that was fast…
Aaaaaaand out the door for more fundies.
No “God Bless America.”
Thats it?
Just a bunch of nothing….
@Diamond Girl
That should have been 95% of his speech.
Damn that Japan!
He should have waited till the markets closed; now they are in more of a free fall.
Pathetic ::::::: Form letter on the chopper crash. He has no soul.
Rush termed this dead on,’ Barackalypse Now’. God, I love the smell of Hip Hop BBQ in the morning!
JB says:
August 8, 2011 at 2:03 pm
No “God Bless America.”
Of course not. He basically just said, “Tough sh1t, America.”
Yada yada yada more of the same.
I’ll be the markets go down another 250 by the close..
QE3 anyone.
Summary: “It’s all the sandtrap at 18′s fault”
There will be 10 million more jobs when unemployment benefits end.
That was the biggest steaming pile of $hit that I have ever seen given by somebody that tries to call himself a leader and the President of the USA……..not even close………..lock it down…….
The country is going into the toilet and is being flushed and this POS can only give 5 minutes of his time?
Are people getting angrier out there or are they just shutting down because there is nothing we can do?
If we had a decent press out there they would be calling out this guy with a vengeance.
Can’t watch O anymore-I get too mad and then upset-can’t do this to myself anymore *ugh*
Bee1 says:
August 8, 2011 at 1:57 pm
Who dressed Barry this morning? Stevie Wonder?
No more like stinking Wookie.
CapnAngus says:
QE3 anyone.
From what I understand, a credit downgrade means that money can’t be printed. Someone out there know about this?
Speech can be boiled down into “I have more important things to do like my 2 fund raisers tonight”. Watch the fed put massive buy orders in tomorrow to help prop up the market. The Rinos gave obama the money to do it.
I guess we should be thankful he didn’t call them “corpsemen”.
BLAME, BLAME, BLAME everyone and anyone but yourself you fucked up piece or crap. RESIGN and see how fast the market recovers.
@DG you are right he should have led with the loss of lives over the weekend-what a disrespectful and thankless person he is
If Sultan Barack Hussien bin Obama were not a mortal enemy of this country what would he be doing differently?
Now that Obama has fixed our debt problem he will start working on reducing the amount of DUI’s in America….
How you ask????
He will raise the legal BAC of .08 to .16 in reality cutting DUI’s in half….. See how this works????
It is nice to know that the more Barry runs our country down the financial sewer. He will continue to spend money until he either gets booted or there is no more cash.
For decades to come, the left will continue to sat that Barry just did not have enough time to get it straight.
This guy is the most reckless President ever.
yeah as he spoke and spewed $hit from his piehole the market went even further down……way to make them hear you Barry……
Oh and BTW people are getting too smart so I’m taking measures to ensure that they continue to be stupid…….I can’t have them smart
Obama to scrap testing requirements because too many students failing…
And the Market continues to say ” You Lie Obama”
http://www.marketwatch.com/
BO has the money from the debt increase and already talking about those shovel ready jobs again. He’ll piss away all of the 2+ trillion and none of it will help this economy just like the last trillion dollar stimulus. CONGRESS when are you going to put a STOP to this spending????????
He gets worse every day, Senator Obama must not have voted on the spending under Bush. He ignored the deficit commissions then says he will put together a plan? Joker….
It’s ALL intentional. He hates America. He hates the American people.
He is a dangerous and thoroughly evil wannabe tyrant.
On Drudge (picking up Rush’s description): BARACKALYPSE NOW
Future Markets ” You Lie Obama”
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES.htm
Yoowzers
@ Redwine
The US can & will print money to pay off it’s debt.
Already this weekend Progressive pundits were talking about the need for some “managed” inflation to ease this sluggishness.
Actually a real website!
barackalypsenow.org
I don’t freakin get it…..are people that still support this clown being put under a spell? Is he a Vampire and has charmed all those that still think that this @ssclown is being serious??
Look how the market has tanked since Obama spoke…
http://money.cnn.com/data/markets/
Odumbo and Timmy should be escorted out the building……..
Payroll Tax Cut my ass. Yeah, and when you have to claim that payroll tax on as an earned income and it puts you in a whole different tax braket. You’ll have to pay back that little tax break ten fold. What a stupid MF’er.
IMPEACH THIS LIER!!!!
CapnAngus – I ask, because Rush mentioned that with the downgrade, a QE3 can’t be done. Could it be done anyway? Pundits can talk all they want, I just don’t know how this can be done if the credit rating is lower. Who would buy the credit? The Chinese have already warned Dear Leader.
Dropping like a stone…..going to reach 600 points???….yeah great rally speech there dickhead!!!!!
I meant “debt”.
Øbama stands for the superlative in so many words: incompetent, clueless, feckless, cowardly, hapless, narcissistic, worthless, vile, smarmy . . . . In fact, perhaps we can coin some new English terms here. E.g., obatastrophe (far worse than catastrophe, but 100% man-made) or the soterazero – the ultimate negative number.
Or the headline on Drudge:
Barackalypse Now
@Redwine
The US government can print-print-print until all of the bills are paid. It is really no different than you printing money on your printer at home and using it to pay your bills. Except when they do it, it’s ‘legal’.
The one finally speaks and the market responds to his every word!
I have two dogs “Biscuit and Gravy“ bark there ass off during O.. smart dogs
Thanks, V in PA.
We are so screwed.
Wasn’t he also counting on his delusional sense of self importance and influence to convine the IOC that Chicago “deserved” to host the Olympics….
We all remember how that one turned out.
http://www.youtube.com/watch?v=HJVDl9w_EQQ
congress ,dont let this maniac, our dear leader,
manipulate the stock market to make it look better, we need to reset this system!
Folks, folks…….the sky is blue, a slight breeze blowing, El Segundo is lying and his flying monkeys are blaming everything in sight. Just another day in Mordor on the Potomac. This is all this bot’s voice module program is capable of – can’t stray too far from the blame game.
My head’s still ringing for the $hit I just saw.
stuuuuuuupid americans !!
Smart barry is playin you like a kid plays with cube blocks !!!
ur soo stuuuuuupiiiiiiiiid
hhhhhhhha
Thank you. I’m glad you enjoyed the speech.
OsamaHusseinIslamObama 2012′ (WTF)
(the terrorist-Uighur-ACORN-media choice)
-It’s never too early to campaign-
@JACK-CASANOVA, You’re not from around here are you son?
Maybe you can tell us about your great leader, mmmkkk?
The idiot in chief has spoken and the market dropped another 200 points, when will this buffoon learn to keep his pie hole shut?
@ Ron
Citigroup is tanking as well.
Gray is gone! The young Tut tut tut is all black again.
“Will layout a plan “in coming weeks” to lower deficit.” – so where the hell has your plan been in recent weeks, asshole?
@ohio
Don’t forget Obamanation (meaning: a failed state)
PUKE
obama you dumb piece of shit traitor
I’m tired of listening to the Teleprompter talk. Really it’s something totally different every time he prints words on the screen. Maybe it’s broken.
I mean, now it’s good to have tax cuts so that workers can spend more of what they earn?
This country is going down by the minute-forget by the week or day. and O doesn’t care-he could have said he would do CCandBal at LEAST to get the markets to not tank so hard but no-it is blameblameblame
and highway building (aka WTF?)
he did say we need to extend unemployment so people can buy stuff didn’t he?
borrow $ from china to give to people out of work to spend the loan money from china in a store that sells all chinese made goods…and that helps America?
DUH think again
Once again his eyes look doped up from something. Perhaps he had trouble hitting the crack pipe and that made him late. Chronically late people crave attention, always late to make others wait so they can make an entry and be seen.
He seems really pissed, like in all of his videos, he is not a happy man. Miserable fool go back to Kenya.
LMAO! He did get a dye job for his birthday bash. It didn’t help him any.
im gonna beat the shit out of this punk myself soon