For Blacks: On Obama, It Has to be Said

On Obama, It Has to be Said

Any Black person that supports Barack Obama is either insane or in denial.  He has consistently and openly said he will NOT support any Black issues, nor address Black unemployment staggering numbers, nor tackle any public policies that run counter to Blacks.

Cornell West

This man, again and again and again has intentionally come out AGAINST Black people.  And yet, he and his ilk take the Black vote as a given.

I will say it now, anyone Black, that votes for Obama is a fool and not an adult with a sound mind.  It’s as plain and simple as that.  We have to start hiring each other, supporting Black businesses and removing politicians that will not listen to us, nor do anything about public policies against us.  And, yes that includes members of the congressional Black Caucus.  Not everyone in the caucus is honky dory with supporting Blacks, just because they happen to be Black.

More intelligent Blacks are running from Obama in DROVES.  The congressional Black Caucus is running from Obama.  Maxine friggin Waters is asking her constituents if it’s ok to go against Obama and they, in a town hall meeting, yelled YES PLEASE DO.  Cornell West, who traditionally has called Obama “brother”, has now come out against Obama.

It is not a minority of Blacks that are against Obama. Any Black American with a brain, is against Obama. And, why, you might ask? Because Obama is against US.  We have our eyes clearly opened and see it.

For the Blacks that still try to support Obama the real question is, WHAT DON’T YOU SEE?

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Meet Your Local Libertarian Candidates

Meet Your Local Libertarian Candidates

The two party system throws a lot of dust into the air and tries to make sure you are missing 3rd parties.  The reality is between democrat and republican, there is no real option or choice between the two.  They might say one is liberal and one is conservative, but the reality is that YOU the followers of these parties are the liberal or conservatives.  The truth of the matter is that, once in office, the candidates do absolutely nothing different.  A republican or democrat spends spends spends and makes sure they get re-elected.  A democrat is for big government and a republican is for big government.  Where is your choice exactly?

The Old Boy’s Club of Democrats and Republicans

Well, there are far more choices now than say 20 years ago.  We have a true choice in the Libertarian party.  Let me clarify something before you automatically assume you understand the Libertarian platform.  Notice any derogatory comments made about the Libertarian party all come from republican / democrat shills.  They are never going to tell you fairly and squarely that the Libertarian party is what every candidate and politician should be after.  Government is supposed to be there simply to protect us from outside invaders and to smooth things out between parties, through judges, and criminals, through the police.  But in their zeal to make a bigger grander government, the democrats and republicans are trying to keep and control you form cradle to grave.  You don’t like an issue, take it to the government.  It is the ultimate in mind control.

The reality is that the current parties wish nothing more than to control you and make sure you hand over your money to their nice wall street buddies that got them elected.  It is the ultimate class warfare, with us on the other side.  There cannot be now said that our government is not corrupt.  They cannot deny that they handed over trillions of our dollars, and debt, over to wall street, with the nice name of bail out attached to it.

But, the Libertarian party is here and is strong.  We stand for the constitution.  Imagine a world where you had no taxes whatsoever.  Imagine that you could open up a little shop of your own without having to pay exorbitant licenses and other secret taxes to keep your out of the market.  Our country to return to producing things instead of consuming what other people produced.  We were one of the best manufacturer of goods on the planet, but through the 2 party system America has been gutted.

Every election period we scream throw the bums out.  But the only thing everyone does is ends up electing the same damn person.  Who cares that it’s a republican “woman”.  She is the same thing as the democrat male.  There is no difference.  But the propaganda machine works over-time to make sure you don’t see it.

Here are you local Libertarian candidates.  Contact them and get to know them.  America does not have to go down in a ball of flames.  America does not have to default on our own dollars.  It is a new day and we can see the sun behind these very very gloomy clouds that the democrats and republicans paint.

Met your Libertarians candidates, greet them, love them.  For, they are your best hope for a real future in America.

Local Libertarian Candidates

Thane Eichenauer
Phoenix Mayor, Arizona
Bill Barker
Phoenix City Council, Arizona
Maclyn Stringer
Centennial City Council, District 4, Colorado
Rich Lion
Manchester City Council, Connecticut
Brent Hatley
Saint Petersburg City Council, District 3, Florida
Lance Lamberton
Austell City Council, Ward 4, Georgia
Richard Segal
Douglasville City Council, Ward 5, Georgia
Amanda Swafford
Flowery Branch City Council, Georgia
Daniel de Gracia
Honolulu County Neighborhood Board, Hawaii
Karen Green
Bloomington City Council Ward 2, Illinois
Jeff Ready
Bloomington City Council Ward 6, Illinois
Doug Marks
Carpentersville Village Trustee, Illinois
J.D. Horton
Grayville Mayor, Illinois
Don Stover
Greenville City Council, Illinois
Brian Sasso
Lincoln-Way High School Board, Illinois
Karin Vermillion
Mahomet Library Board, Illinois
Steve Hellin
O’Fallon District 90 School Board, Illinois
Edwin Everly
Rantoul Township High School Board, Illinois
Rob Jozwiak
Anderson Mayor, Indiana
Oscar Gibson
Elkhart Mayor, Indiana
Phil Miller
Greenfield Mayor, Indiana
Jeff Spoonamore
Greenwood Mayor, Indiana
Chris Bowen
Indianapolis Mayor, Indiana
Ed Coleman
Indianapolis City-County Council, Indiana
Bob Isgrigg
Jeffersonville Mayor, Indiana
Thomas Keister
New Albany Mayor, Indiana
Debbie O’Neal
Rushville Mayor, Indiana
Pat Farrell
South Bend Mayor, Indiana
Mike Waite
Westfield Mayor, Indiana
Ken Moellman
State Treasurer, Kentucky
Robert Walsh
Lynn City Council, At-large, Massachusetts
Brian Runne
Lynn City Council, Ward 4, Massachusetts
Lorenzo Gaztanaga
Baltimore City Council President, Maryland
Doug McNeil
Baltimore City Council, District 11, Maryland
Scott Spencer
Baltimore City Council, District 12, Maryland
Ron Owens-Bey
Baltimore City Council, District 13, Maryland
Calvin Kattola
Royal Oak City Commissioner, Michigan
Tylor Slinger
Saint Paul City Council, Minnesota
Jeff Foli
Chillicothe City Council, Missouri
Doug Burlison
Springfield City Council, Missouri
Donna Knezevich
State Representative, Mississippi
Harold M. Taylor
State Representative, Mississippi
Jan “Jay” Butler
State Representative, Mississippi
Sean Holmes
State Representative, Mississippi
Brendan Kelly
State Representative, Rockingham District 14, New Hampshire
Darren Young
State Assembly, District 21, New Jersey
Dave Schneck
State Assembly, District 30, New Jersey
Julian Heicklen
State Assembly, District 37, New Jersey
Vinko Grskovic
State Assembly, District 38, New Jersey
Chris Edes
Monroe County Legislature, District 24, New York
Drew Beeman
Monroe County Legislature, District 25, New York
Max Kessler
Monroe County Legislature, District 27, New York
John Cain
Suffolk County Executive, New York
Peter Nichols
Huntington Town Councilmember, New York
Vivinne Wong
Huntington Town Councilmember, New York
Stephen Mayo
New Rochelle City Councilmember, New York
Howard Arden
North Castle Town Supervisor, New York
Kerry Lutz
North Castle Town Councilmember, New York
Matthew Rice
North Castle Town Councilmember, New York
Greg Fischer
Riverhead Town Supervisor, New York
Bob Bridges
Columbus City Council, Ohio
Mark Noble
Columbus City Council, Ohio
Ken Sharp
Toledo City Council, District 1, Ohio
Mike Burkholder
Troy City Auditor, Ohio
Tim Mullen
Luzerne County Council, Pennsylvania
Erik Viker
Selinsgrove Borough Council, Pennsylvania
Brenda Fabian
Selinsgrove School Board, Pennsylvania
David Moser
York School Board, Pennsylvania
Stan Smith
State Senator, District 16, South Carolina
Kris Bailey
Austin City Council, Texas
Kooper Caraway
Mount Pleasant Mayor, Texas
Courtney White
Ogden City Council, Ward 2, Utah

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Lies of Democrats and Republicans

Libertarians in a Nutshell

Libertarians hold the most elected offices of all 3rd parties combined.  We aren’t throwing any votes away.

The stranglehold that democrats and republicans have over the media and political marketing is the same propaganda you just regurgitated, i.e. don’t vote 3rd party because xyz is terrible and you’ll just be doing a disservice to the country.  That would be great if it weren’t so patently clear that democrats and republicans feed from the same trough.  Succinctly, there is no actual choice between the two, they are one and the same.  They are both big government.

It’s like this.  I was standing at the door of a club one night, talking to the doorman.  Over the course of an hour 1,000 people showed up to the door.  They all went inside, and looked around and said noone was there and left.  I pointed this out to the doorman after the hour was up.  He gave me a shocked look and nodded.  Had they stayed, the club would have had the busiest night ever and on a night when nothing else in the city was going on.

Not to be a fool, I encourage my Libertarian brothers and sisters to do the same.  Vote for our candidates, because the polling and evidence is clear, Libertarian is the closest to the constitution there is and the country is fed up with the big government parties.  If we stay the course, like the club, we will continually pick up those who think they are conservative and those who are fed up with the system that both taxes them to death and is only out to increase the government.

Libertarians started the tea party.  Fox news and other governmental organizations snatched it away from us when they saw people migrating to it EN MASSE. It was never a republican thing, it was a Libertarian thing.

So, look at the tea party.  Look at the numbers.  Again the republicans, trying to shut out libertarians, arrested the movement before it “got out of hand”.  They put spin on it and claimed it was a republican thing.

Let’s look at the tea party: Gallup reports that 28% of Americans consider themselves to be supporters of the Tea Party.  26% oppose it and the remainder – a full 46% of the population – either doesn’t know or doesn’t care.

That is a lot of potential Libertarians. Please visit my legal website: Las Vegas DUI Lawyer
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Newt Gingrich Disproves Global Warming (full video)

Newt Gingrich Disproves Global Warming

I am no fan of Newt Gingrich, but in the video below he actually quotes and cites all his sources, those being of actual scientists and not just sound bites like Al Gore does: “the science is clear”; “the science is firm”; “there is no debating global warming”; “those who oppose global warming are like those who think the lunar landing was staged in Hollywood, a very small segment of scientists.” What’s more Newt Gingrich gives his credentials before speaking. He actually has grounds to say what he says, because he actually has credentials, where Gore was just Vice President, not a gleaming qualification to get the world in an uproar over man made global warming. I’ve actually dug up my own independent research, and everything Gore says is completely false.

Former Speaker Newt Gingrich
  • icebergs are melting [ yes in the summer they melt slightly every year, for the past 1 billion years]
  • co2 emissions will make sea water rise 20ft in 30 years [completely false, and a prediction, not a fact, based on science that has been completely debunked due to a report that was falsifying information adding ANOTHER 20 degrees to the data]
  • man made co2 is the cause of global warming [completely false, global warming and cooling is done by many factors, the least of which are sun spots and cloud cover that reflects heat radiation back to surface, HENCE our ability to actually live on the planet (what an idiot)]
  • polar bears are dying and drowning [completely debunked, and the scientist that came up with the report has been since removed from office and is under investigation]
  • there is a consensus that global warming is man made [over 10,000 scientists came out of the woodwork to personally sue Mr. Gore, stating there is not a consensus and that the science was completely false]
  • global warming is readily apparent and temperatures are rising like a hockey stick [completely false, and debunked since they only used data over the past 100 years, go back to the middle ages and our temperatures seem like a spec of dust since temperatures during that time were MUCH higher, go back further and further and the middle ages are simply the normal cycle of global temperatures]
  • I’ve submitted reports showing the science of global warming [all reports submitted to the UN and the IPCC have since been shown to have been falsified, a conspiracy to commit perjury and the data was not submitted to any peer review study]

This is just from the research i’ve read over.  Newt actually has other data than what I’ve dug up, but the two corroborate.

Gore is now worth nearly $200 million.  When he left office with clinton he was worth a mere $100,000.  Insiders have said all along this was all about money and global governance, i.e. a one world government.

They keep trying, but everything falls apart.  The EU was actually their first step, which was conceived some 30 years ago.  It is clamoring to stay afloat, but the model is completely flawed.  Spain, Ireland and portugal will be the next to fall, with Greece holding on for dear life.  We [ the federal reserve ] are pouring trillions into the EU, secretly.  They cannot stay afloat by themselves.  They are essentially already in a coma and noone is saying it.  Pull the plug and she’s dead.

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Registering Libertarian

Voting Libertarian

Many Libertarians, when considering whom to vote for president, a position they think is actually important, feel it is throwing away your vote if you vote for the Libertarian candidate.

It would not be very constructive for people who want to be in the Libertarian party to vote for people outside of the Libertarian party. 

Ron Paul is a Republican.  He always has been, and always will be.  He has made statements that show sympathy for the Libertarian and Constitution parties, but he is not a member of either one.  Do not ever put the Libertarian party in a position like the Black vote is today withe Obama in office.  That means, the Black vote is already spoken for as being for Obama, without any concessions nor any dialogue of what they want in the outcome.  Essentially the Black vote is taken for granted in the upcoming election for Obama.  Do not think that because Ron Paul says some conservative things, that he is somehow an adopted Libertarian and our votes become taken for granted as well.  It is dangerous territory to simply put your feather in someone else’s cap without so much as an overture to them.  The only presidential candidate a Libertarian should be voting for, is the best possible representative of the Libertarian platform.  Ron Paul has not espoused the Libertarian platform and votes against it time and again.  Only a Libertarian candidate should be getting your Libertarian vote.

Membership in each party is as follows:

Democrat – 72 million registered members [ 2004 ]
Republican – 55 million registered members
Constitution party – 438,222 registered members [ 2008 ]
Green party – 305,000 registered members [ 2005 ]

Libertarian party – 200,000 registered members and more than 600 people in public office. including mayors, county executives, county-council members, school-board members, and other local officials. It has more people in office than all other minor parties combined.

As far as registering so that you can vote in primaries, a lot of states have changed their voting policies since Obama’s election.  A lot of states have instituted OPEN primaries, meaning everyone can vote.  I expect more changes will come as tea party mania increases.

Some Libertarians feel it is imperative that they vote for Ron Paul instead of voting for the Libertarian Candidate.  Although these are all adults, they do not understand politics nor the environment they find themselves in.  While they might believe in everything Libertarians stand for, they are still under the tremendous propaganda the democrat and republican party puts out: a vote for a third party is a wasted vote.  This is a mantra that is spoken OVER AND OVER by the media and the 2 political parties.  It has one objective at the end of the day, to quash 3rd parties.  What people do not understand is, if you vote for a third party, it gives an honest look at what the country actually feels.  Once you vote Libertarian, others might come out of the closet and also vote Libertarian.

Some people are just too afraid to be the first ones to vote for a third party..  As you can see by the list above, the other third parties have nowhere near the actual seat holders that the Libertarian party does.  Obviously, people feel confident and comfortable with actually voting Libertarian.  Now, we simply have to get people to register Libertarian so that national polls can reflect what the country feels.

I have always said that all Black people in America should register / vote Libertarian.  It is the only party that would give Black Americans a fair chance to go where we need to go and do what we need to do unhindered.  As it stands now, most Blacks cannot open their own business because of the tremendous road blocks government puts in our way.  Under a Libertarian government, most, if not all, of those road blocks would be removed.

This year’s list of 2012 Libertarian Presidential Candidates looks like this so far:

  • Roger Gary (right)

    Roger Gary – elected to the San Antonio River Authority where he served as Director. Serving as State Chair of the Libertarian Party for Texas.

  • Carl Person

    Carl Person – Served as an attorney. 75 years old. He previously tried to gain a nomination in 2006 with the Green Party for for Attorney General of New York state, the same position he ran for in 2010 withe the Libertarian party. Perhaps he’s not actually a Libertarian?

  • R. Lee Wrights

    R Lee Wrights – a lifetime member of the Libertarian Party and a past vice chair of the Libertarian National Committee. Wrights has pledged that 10 percent of all donations to his campaign will go toward ballot access.

  • R J Harris

    R J Harris* – a twenty-year Oklahoma Army National Guard Officer serving on his forth overseas deployment.  He is actually a Republican and playing a dangerous game with the Libertarian party where he is trying to ensure that Ron Paul receives the Repbublican nomination.  Should Dr. Paul, not receive the nomination he hopes Americans will look at him as an alternative.  Should Dr. Paul receive the nomination he will step down, removing the Libertarian party out of the running altogether.  Only a fool would nominate this guy.

  • Gov. Gary Johnson

    Gary Johnson* – A Republican that has acted more Libertarian than most Libertarian Candidates.  He cut the 10% annual growth in the budget by using his gubernatorial veto on half of bills in the first six months. His use of the veto over his two terms gained him the nickname “Governor Veto”. He sought re-election in 1998, winning by 55% to 45%. In his second term, he concentrated on the issue of school voucher reforms, as well as campaigning for marijuana decriminalization. During his tenure as governor, he adhered strictly to an anti-tax, anti-bureaucracy program, and set state and national records for his use of veto powers:[4] more than the other 49 contemporary governors put together. Term-limited, Johnson retired from politics at the end of his second term. He rebuffed efforts by the Libertarian Party to draft him in the 2000 presidential election. Possibly could be drafted again since he is well behind Mitt Romny and Ron Paul.

* Not Libertarians

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Police Get Big Sentences in Katrina Shooting Cover-Up

Police Convictions in Katrina Shootings, Cover-Up

By The Associated Press

NEW ORLEANS—Five current or former police officers were convicted Friday of federal civil rights charges related to deadly shootings on a New Orleans bridge after Hurricane Katrina. In the aftermath of Hurricane Katrina, police planted a weapon and made up witnesses in order to cover up the shooting deaths of two civilians. Ex homicide detective Jeffrey Lehrmann secretly gathered evidence against his fellow police officers by wearing a wire, faced them in court and described how they covered up the shooting and framed an innocent man. Survivors and witnesses of the shooting police after hurricane Katrina said that none of the civilians were armed during the shooting.

Victim’s Family Member Cries at Testimony


Bowen, 37, was in the passenger seat of a rental truck that police drove to the Danziger Bridge in response to an officer’s distress call. Former officer Michael Hunter, who was driving the truck, testified he saw Bowen lean over a concrete barrier on the east side of the bridge and randomly spray gunfire at wounded, unarmed people. Bowen was convicted in the fatal shooting of 17-year-old James Brissette, and of stomping on a dying, mentally disabled man, 40-year-old Ronald Madison, on the west side of the bridge. He’s been on leave without pay due to incarceration.


Gisevius, 39, was one of several officers in the rear of the rental truck when it arrived at the bridge. He allegedly fired an assault rifle on the east side of the bridge, where five people were shot, one fatally. But the weapon wasn’t turned over to investigators. Jurors convicted him in the fatal shooting of Brissette — jurors didn’t have to decide whether Brissette was murdered because they didn’t hold any of the defendants individually responsible for causing his death. Gisevius also was convicted of taking part in a cover-up. In 2009, the FBI secretly taped a conversation in which Gisevius shared his suspicion that someone was leaking information to federal investigators. He’s been on leave without pay due to incarceration.


Cop Shooting People on Bridge

Villavaso, 34, also arrived at the bridge in the rear of the rental truck. A firearms expert who testified for the government said he matched nine ammunition casings found at the bridge to an assault rifle used by Villavaso. Jurors convicted him in Brissette’s shooting and the cover-up. During a conversation recorded by the FBI, Villavaso repeatedly insisted he saw a civilian with a gun on the bridge. He’s been on leave without pay due to incarceration.


Faulcon, 47, was convicted in Brissette’s shooting and found guilty of fatally shooting Madison on the west side of the bridge. But the jury decided Madison’s killing didn’t amount to murder. Faulcon, the only defendant to testify during the trial, said he was “paralyzed with fear” when he shot Madison. He didn’t dispute that he shot an unarmed man in the back with a shotgun, but he said he believed Madison posed a threat as Faulcon chased him and his brother, Lance Madison, down the bridge. Faulcon left the police force shortly after the hurricane and took a job as a truck driver.


Officers Sentenced in Murders

Kaufman, 55, who was assigned to investigate the shootings, was convicted of participating in a cover-up to make the shootings appear justified. Prosecutors said he fabricated witnesses, falsified reports and planted a gun. Kaufman’s attorney tried to shift blame to former Lt. Michael Lohman, who was the ranking officer on the bridge, and Sgt. Gerard Dugue, who also investigated the shootings. Lohman pleaded guilty to participating in a cover-up. Dugue is scheduled to be tried separately later this year. Kaufman, who was not charged with participating in any of the shootings, retired from the police force earlier this year.

In a deal with prosecutors last year, Lehmann agreed to wear a wire to record several meetings he had with Gisevius. Judge Kurt Englehardt allowed that the information obtained will be admitted in court.

Lehrmann said they did it to protect themselves “from legal ramifications,” as he helped them justify their actions. And then when investigators entered Kaufman’s Colt revolver into evidence, they reported they had confiscated the gun from Lance Madison, whose brother was killed at the scene and they arrested him and for attempted murder of police officers.

“These are big charges against a man who’s never been arrested,” Lehrmann said on the witness stand.

Lehrmann said he and Kaufman also made up 2 witnesses, Lakeisha Smith, who supposedly stated she saw Ronald Madison reach into his waistband for something before being shot, and James Youngman, whose statement said he saw young men shoot at police and then flee over the Danziger Bridge. Neither Smith nor Youngman exists.

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Peter Schiff – : "S&P Did Not Downgrade US Credit Rating Low Enough"

S & P AA+ rating on U.S. Sovereign Debt not Low Enough

“The conventional wisdom on Wall Street was that the economy was growing — that the worst was behind us,” said Peter Schiff, president of Euro Pacific Capital. “Now what people are realizing is the stimulus didn’t work, and we may be headed back to recession.”

Peter Schiff

“What people are realising is the stimulus didn’t work, and we may be headed back to recession,” said Peter Schiff, president of Euro Pacific Capital, summing up the general uncertainty that has gripped investors.

Investment broker Peter Schiff says no politician will emerge unscathed from the tense negotiations. “They’re going to have to raise the debt ceiling again before 2012,” the president of Euro Pacific Capital told CTV News Channel on Monday. Schiff said he does not believe Washington’s current agreement adequately addresses government spending. He said it puts America on the path to financial ruin. “I think the economy is going to be back in recession,” he said in an interview from Westport, Connecticut. “The question is, who will Americans blame?”

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S&P Downgrade May Cloud Obama Re-Election Bid Even as It Damages Congress

S&P Downgrade May Cloud Obama Re-Election Bid Even as It Damages Congress

The downgrade of the U.S.’s AAA credit rating by Standard & Poor’s darkens President Barack Obama’s re-election chances while also damaging members of Congress from both parties as they prepare for the 2012 campaign, political analysts said.

With Obama’s job-approval rating at 48 percent and an all- time high of 82 percent of Americans giving Congress negative marks in a New York Times/CBS News Poll taken this week, the downgrade will hurt the president and lawmakers by fueling economic uncertainty, possibly raising interest rates and wounding national pride, analysts said.

“Americans expect to be No. 1 at everything,” said Republican strategist Ron Bonjean. A downgrade is “a great insult and humiliating to the country.”

Added Bonjean, “If this brings rising interest rates on credit cards and mortgages, it is going to send a political shockwave throughout the system, and there will definitely be a ‘throw-the-bums-out’ mentality.”

S&P’s move deals a blow to Obama’s political standing by giving Republican presidential candidates the chance to attack him for being the first U.S. president to preside over a downgrade, said Ross Baker, a political scientist at Rutgers University in New Brunswick, New Jersey.

“Most people understand the inability to satisfy the bond-ratings agencies was not Obama’s alone” and that Congress gets “much more than half of the blame for this,” Baker said. Still, he said, “Blame generally falls on the president when something like this happens.”
‘Deeply Troubling Indicator’

Republican presidential candidates who were quick to jump on Obama following the downgrade included former Massachusetts Governor Mitt Romney, the frontrunner in most polls, and U.S. Representative Michele Bachmann of Minnesota, who voted against the deficit-reduction deal enacted this week that prompted the S&P downgrade.

“America’s creditworthiness just became the latest casualty” in Obama’s “failed record of leadership on the economy,” Romney said in a statement. The downgrade is “a deeply troubling indicator of our country’s decline under” the president, he said.

President Obama Troubled by Re-Election Data

Bachmann said S&P’s action “is a historically significant and serious event for the United States.” Obama “has destroyed the credit rating of the United States through his failed economic policies and his inability to control government spending by raising the debt ceiling,” she said in a statement.
Deal ‘Falls Short’

Obama, who left for the Camp David presidential retreat in Maryland hours before the downgrade was made public, didn’t immediately issue a response.

New York-based S&P lowered the AAA credit rating for the U.S. by one level, to AA+, in response to the deal that Obama and lawmakers reached that increased the government’s $14.3 trillion debt limit to avoid a default. While Republicans, who control the U.S. House of Representatives, insisted that a deficit-reduction plan accompany the debt-limit increase, the accord reached in Washington was dismissed by S&P in its statement on the downgrade.

“The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics,” the credit-rating service said.

The company also said it’s “pessimistic about the capacity of Congress and the administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government’s debt dynamics anytime soon.”
Moody’s, Fitch Reaffirm

The difficulty lawmakers had agreeing to the deficit- reduction package helped push S&P to cut the rating, the agency said, because it indicates how much trouble Congress will have addressing more fundamental budget issues.

Moody’s Investors Service and Fitch Ratings affirmed their AAA credit ratings for the U.S. on Aug. 2, the day Obama signed the bill ending the debt-ceiling impasse.

A person familiar with the discussions between the Treasury Department and S&P said Treasury officials objected to the methodology the agency used in issuing the downgrade and considered it a rush to judgment. The person said the differing verdicts from the agencies may limit the impact of the S&P move.

The debt deal includes $917 billion in spending cuts approved over the next decade intended as a down payment on further reductions. The agreement calls for a so-called super committee to be comprised of six Republican lawmakers and six Democrats charged with finding up to $1.5 trillion more in a report due by Nov. 23.
Automatic Cuts

If the committee is unable to agree on a plan or if its recommendations are rejected by Congress before year’s end, there would be an automatic $1.2 trillion in across-the-board reductions put into effect, beginning in January 2013.

“One possible positive” of S&P’s move could be that it prods the committee “into coming up with a big deficit- reduction package — bigger than the $1.2 trillion called for in the ‘trigger’,” said Ajay Rajadhyaksha, managing director of Barclays Capital in New York.

S&P has issued increasingly insistent demands over the past year that lawmakers address long-term deficits. Last October, it said Congress had as many as five years to address the issue. In April, the agency said there was a one-in-three chance of a downgrade within two years. Last month, it said there was a 50 percent chance it would downgrade the government debt within 90 days without a “credible” deficit plan.
‘Wake-Up Call’

Ten-year Treasury yields fell to as low as 2.33 percent in New York yesterday, the least since October. Treasury yields average about 0.70 percentage point less than the rest of the world’s sovereign debt markets, Bank of America Merrill Lynch indexes show. The difference has expanded from 0.15 percentage point in January.

Speaker John Boehner

House Speaker John Boehner, an Ohio Republican and one of the architects of the deficit-reduction plan, reacted to the downgrade by saying “it is my hope this wake-up call will convince Washington Democrats that they can no longer afford to tinker around the edges of our-long debt problem.”

Senate Majority Leader Harry Reid, a Nevada Democrat who also helped write the plan, said the announcement “reaffirms the need for a balanced approach to deficit reduction that combined spending cuts with revenue-raising measures.”
Drawing a Line

Obama had been pushing throughout his talks with Republicans on the debt deal for what he termed the “balanced” approach that would include some measures to increase federal revenue along with spending cuts. While he was willing to accept tax increases that were dwarfed by spending reductions, Republicans drew a line against any policies that could be construed as raising taxes.

Senator Jim DeMint, a South Carolina Republican and favorite of the fiscally conservative Tea Party movement who voted against the debt deal, claimed vindication.

“The deal was not a serious attempt to solve our spending and debt problem — it was a political solution meant to kick the can down the road,” he said.

S&P, though, noted in its report that the failure to act on raising revenue also was a consideration in its decision.

“We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues, is less likely than we previously assumed,” the company said.
‘Danger Zone’

S&P also changed its assumption that the 2001 and 2003 tax cuts enacted under President George W. Bush would expire by the end of 2012, “because the majority of Republicans in Congress continue to resist any measure that would raise revenues.”

Democratic strategist Bill Carrick said Republicans shouldn’t view themselves as not also being in harm’s way from the repercussions in the deficit dispute.

“The danger zone here for the Republicans is instead of being free to bash the president, now they are sort of part of the problem,” said Carrick, who is based in Los Angeles. Republicans are vulnerable to criticism that they have an “unwillingness to compromise,” he added.

More than four out of five people surveyed in the New York Times/CBS Poll said the debt-ceiling debate was more about gaining political advantage than doing what is best for the country. Republicans in Congress get more of the blame for the difficulties in reaching an agreement than the Democrats, according to the poll, conducted Aug. 2-3.
‘Attack Ads’

The survey showed that 72 percent disapproved of the way Republicans in Congress handled the talks, while 66 percent disapproved of the conduct by Democrats. The poll of 960 adults has an error margin of plus-or-minus 3 percentage points.

Stuart Rothenberg, editor of the Washington-based Rothenberg Political Report, said S&P’s skepticism over the capacity of Congress and the administration to leverage its agreement into a broader plan to address the debt should be “a kick in the behind for both parties.”

Still, Bonjean, the Republican strategist based in Washington, said Obama will bear the brunt of the fallout from the downgrade.

“The attack ads will be cut instantly, because he’s the president who was in charge when our country’s downgraded for the first time in history,” he said.

Referring to a trip Obama has scheduled Aug. 15-17, Bonjean also said, “I would not want to be President Obama on a bus tour through the Midwest listening to Americans who are out of work or had interest rates raised on their loans, or are fearful of economic instability.”

To contact the reporters on this story: Margaret Talev in Washington at; Brian Faler in Washington at

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