Reuters
After closing out the worst week since 2008, Wall Street was pummeled again Monday after global sovereign debt and economic fears sent traders fleeing equities with few shelters in sight. I've linked up an article from Fox Business Network how today's Wall Street session went. All the stocks were down. Many traders have an uneasy feeling as a result of S&P's downgrade of the U.S.'s credit rating. Greta Van Susteran on Fox News this evening was playing a clip of Rush Limbaugh's radio program today. He was describing the events that took place this weekend with the S&P downgrade of America's AAA rating. He described the events taking place as "Obamageddon." I'm afraid "Obamageddon" is not over with yet. If I was Rush Limbaugh, Dick Cheney, or other political pundits I would be careful saying that Barack Obama will be a one-term president. I'm certain President Obama's re-election campaign team has a few tricks in their bag. All that would need to take place to ensure President Obama's re-election next year is to have a RINO such as Mitt Romney win the Republican nomination next year and a professing conservative named Donald Trump running as an Independent third party candidate. I believe if that were to happen I believe the conservative vote would be split and President Obama would win his second term. I wouldn't be surprised if that were to happen.
Fox Business Network had another article posted Saturday which says that the U.S. could face a further downgrade from AA+ to AA within six to twenty-four months. It would depend upon the government's plan to reduce the deficit, according to John Chambers, managing director and chairman of Standard & Poors Sovereign Ratings Committee. I'm certain if Congress doesn't get serious to place the nation's fiscal house in order the credit downgrade will happen. Right now Congress is on recess and President Obama's been partying over the weekend. I believe the tumbling market along with S&P downgrade is part of the globalist agenda to destroy capitalism and destroy America's sovereignty in the world--or whatever's left of America's sovereignty.
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