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Old 08-06-2011, 11:00 PM
 
3,681 posts, read 6,273,608 times
Reputation: 1516

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Forbes article nails the source of America's problem.

"Few Americans needed Standard & Poor to confirm the mismanagement of the United States government and its finances. The downgrading of American credit will raise interest rates on America’s huge debt and ultimately on all Americans. Popular polls say that most Americans blame Congress—but that’s too simplistic. As much as Barack Obama would like to shift that blame onto Congress, the fault lies squarely on the shoulders of President. It is first and foremost a leadership problem that is crippling America—and the leader is President Barack Obama—not the many members of Congress."


A Failed Presidency — The American Problem - Prosper Now - - Forbes
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Old 08-06-2011, 11:11 PM
 
898 posts, read 827,647 times
Reputation: 590
Yup. It's obvious to everyone with any intelligence.
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Old 08-06-2011, 11:14 PM
 
Location: southwestern USA
1,823 posts, read 2,126,926 times
Reputation: 2440
I am neutral politically-----and I agree with both sides of the fence here.

Obama has become a weak and ineffectual leader---very disappointing. That being said, the legislatgors that comprise congress and the senate have become pathetically inept and a sham.
The farce that was the debt ceiling debates, scared the international community into thinking that the US political process has become a farce----and they indeed correct.

This was a good opportunity to undertake a legitimate effort to start whittling away at our debt-yet our brillant leaders chose this as an opportunity to sicken the nation with arrogance, self serving dogma, and intolerance to reason and logic.

I think standard and poors was appalled, as were many other international agencies, at the inept and foolishly pathetic process that just took place. The world was looking to the United States, in the throes of a brewing international crisis, to act responsibly and show leadership in tackling a problem. Instead it got Humpty Dumpty, three stooges, and vaudville.

There will be upcoming efforts to regroup and chart a proper course----what will it be?? Responsible leadership or more penty anty garbage to futher frighten both the world and our own citizens.
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Old 08-07-2011, 12:00 AM
 
Location: Pluto's Home Town
9,982 posts, read 13,759,513 times
Reputation: 5691
What utter crap. Obama and Boehner almost had a bipartisan deal that would have cut spending and raised revenue and which both could have worked to implement. The Tea Party rejected it, and we got the Frankenstein compromise. The blame sits squarely on their shoulders. They insisted on pushing a very unpopular minority view forward that noone else could support,and many still think the default would have been fine. Obama, Boehner, McConnell, nor Reid did not want that, but the Tea Party had to have their day in the sun and go for the nuclear option.

Folks around the world now see them for the crazed ideologues that they are, inept stewards of the largest economy on earth. Obama was damaged by this, but he did everything reasonable he could to avoid it.

I am getting less and less impressed with Forbes magazine. It seems very biased. I will read up in the Economist to get a different view.
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Old 08-07-2011, 12:10 AM
 
Location: Metro-Detroit area
4,050 posts, read 3,958,973 times
Reputation: 2107
So if I write a blog and say that Obama is the greatest thing since sliced bread and Forbes publishes it, will the op also present my blog report as an endorsement by Forbes magazine???
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Old 08-07-2011, 12:17 AM
 
2,974 posts, read 1,983,756 times
Reputation: 3337
Quote:
Originally Posted by reconmark View Post
So if I write a blog and say that Obama is the greatest thing since sliced bread and Forbes publishes it, will the op also present my blog report as an endorsement by Forbes magazine???

...sliced bread...i like it1!...
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Old 08-07-2011, 12:37 AM
 
Location: Portland, OR
9,855 posts, read 11,928,784 times
Reputation: 10028
Whatever. Obama is the most capable president since Clinton and Forbes knows it. That is why it took such a lengthy article to attempt to discredit him. If it really was as obvious as the article purports that Obama is unfit, he would already be gone from the White House. I need say no more.

H
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Old 08-07-2011, 12:58 AM
 
Location: Chicagoland
4,027 posts, read 7,288,050 times
Reputation: 1333
Quote:
Originally Posted by maja View Post
Forbes article nails the source of America's problem.

"Few Americans needed Standard & Poor to confirm the mismanagement of the United States government and its finances. The downgrading of American credit will raise interest rates on America’s huge debt and ultimately on all Americans. Popular polls say that most Americans blame Congress—but that’s too simplistic. As much as Barack Obama would like to shift that blame onto Congress, the fault lies squarely on the shoulders of President. It is first and foremost a leadership problem that is crippling America—and the leader is President Barack Obama—not the many members of Congress."


A Failed Presidency — The American Problem - Prosper Now - - Forbes
Forbes has never been well recieved by City Data, but I see now that it supports your, and the other Conservatives', views of bigotry and hatred that it's okay.
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Old 08-07-2011, 01:52 AM
 
Location: Northridge/Porter Ranch, Calif.
24,510 posts, read 33,305,373 times
Reputation: 7622
Quote:
Originally Posted by Leisesturm View Post
Whatever. Obama is the most capable president since Clinton and Forbes knows it. That is why it took such a lengthy article to attempt to discredit him. If it really was as obvious as the article purports that Obama is unfit, he would already be gone from the White House. I need say no more.

H
That's not saying much!
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Old 08-07-2011, 06:00 AM
 
Location: Maryland
18,630 posts, read 19,414,577 times
Reputation: 6462
Obama is a pretty weak leader but the Tea Party and their recklessness brought this about. One of the reasons cited by the report for the downgrade was the political wrangling over a process that is usually a nothing more than a rubber stamp.
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