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HomeS&P’s Lack of Confidence in Washington
Posted by Larry Doyle on April 18th, 2011 9:22 AM |
Standard & Poor’s decision this morning to place the credit rating of the United States on negative watch is long overdue. While the impact of S&P’s announcement is immediately reflected by a decline in the equity markets of approximately 1.5%-2.0%, the real target of this release is Washington D.C..
In layman’s terms the S&P release is voicing a lack of confidence in the credibility of both parties in Washington to deal with our financial house. We should not be surprised.
While politicians from both parties may talk a good game—especially recently—while they feed at the trough of the large monied interests emanating from Wall Street and other corporate entities, the American taxpayer has suffered from the incompetence and intransigence of Washington to deal with our LONGSTANDING fiscal issues and indebtedness. Playing shell games may fool some of the people all of the time but that gamesmanship is no way to manage a nation’s finances. (more…)
Tags: fiscal deficit, indebtedness in United States, is Washington broken, Mary Miller of US Treasury, Mary Miller's statement April 18 2011, personal political sacrifice, political gridlock, real leadership in Washington, S&P decision to place US credit rating on negative watch downg, S&P downgrades US credit outlook d, S&P revises US credit outlook, shell games, Standard and Poors April 18 2011, Standard and Poors lack of confidence in Washington, US credit rating, Washington is broken
Posted in General | 5 Comments »
Is Barack Becoming a Lameduck?
Posted by Larry Doyle on September 10th, 2010 8:40 AM |
To know my Dad is to love him.
He wears his heart on his sleeve and is not hesitant to let you know exactly where he stands on the issues of the day. That said, what are his passions? His family above all else. His faith. He has no problem critiquing our Roman Catholic hierarchy while practicing his faith and allegiance to the principles of Christ. Irish history. To hear him talk about the brutal treatment of the Irish at the hands of the English is a lesson worth learning. Red Sox baseball. I will admit my Dad is a fatalist when it comes to our Olde Towne Team but I got my wish that the Sox win a World Series before my Dad passed. The fact that they won twice, 2004 and 2007, is pure gravy. His golf game. Listening to him critique his short game is priceless. Another great passion is politics.
My Dad and his family grew up out of the Depression and political power was everything to the Boston Irish. Gaining control of City Hall provided access to jobs and a path to a better life. While I have my own passions, I do not share my Dad’s passion for politics. Why? As with almost everything in life, politics is about the people. While clearly our political process and political systems are critically important to our current and future well-being, I have little regard for the political crowds in general. Why do I raise this topic? We need look no farther than the state of our nation as we enter the fall 2010 election cycle. Are our national interests truly being served? Let’s navigate further. (more…)
Tags: Barack Obama, Bill Doyle, Boston Irish, Colorado Senator Michael Bennet, elections 2010, fall 2010 elections, lameduck status for Obama, Larry Doyle, Obama Administration, Obama Mired in Surreal US Politics, political gridlock, Sense on Cents, spending on infrastructure, stimulus
Posted in General | 4 Comments »
