Archive for August 8th, 2011

Attacking the Messenger

August 8, 2011

If you were expecting the Obama administration to take at least some of the blame for S&P’s downgrade of the federal government’s credit, you have a long wait. Instead they have decided to attack the messenger.

Treasury Secretary Timothy Geithner slammed Standard & Poor’s on Sunday as showing “terrible judgement” in downgrading the US credit rating for the first time ever.

“I think S&P has shown really terrible judgement and they’ve handled themselves poorly, and they have shown a stunning lack of knowledge about basic US fiscal budget math, and I think they came to exactly the wrong conclusion,” Geithner said in an interview with NBC News.

He has a point. They did show poor judgement in only lowering the rating by one notch.

If attacking Standard & Poors for being honest doesn’t work, they could try blaming the people who have been warning them and demanding fiscal sanity, the Tea Partiers.

While continuing to cast doubt on the credibility of Standard & Poor’s, several Democrats on Sunday said there is an even greater culprit in the downgrade of the nation’s credit rating: the tea party.

“I believe this is, without question, the tea party downgrade,” Sen. John F. Kerry, Massachusetts Democrat, said on NBC’s “Meet the Press” on Sunday, a day that also saw mounting anxieties in world markets over the downgrade among myriad other economic woes worldwide. Some of the world’s top financial ministers issued a joint statement Sunday night committing themselves to preserve the stability of financial markets and their economies.

David Axelrod, a former senior adviser to President Obama, used the exact same phrase in dubbing the credit rating drop the “tea party downgrade,” as Democrats tried to position themselves as reasonable, pragmatic leaders and conservative Republicans as irresponsible ideologues who caused the downgrade by refusing to accept any new taxes.

I wonder of the Journo-List has been resurrected to give the Democrats and the Media their talking points. Senator Lindsey Graham defended the Tea Party.

Sen. Lindsey Graham, South Carolina Republican, defended the tea party and said that without the movement, trillions of dollars in spending cuts wouldn’t be possible.

“Thank God they’re here,” he said on CBS’ “Face the Nation.”

“This is the first time we’ve ever raised the debt ceiling where we tried to actually reduce spending. That’s a good thing, but we’re woefully short,” he said. “The tea party hasn’t destroyed Washington. Washington was destroyed before the tea party got here. The hope is that the tea party and middle-of-the-road people can find common ground to turn this country around before we become Greece.”

He’s absolutely right. The Tea Party is not to blame for the mess we are in. The Tea Party formed because enough people around the country realized that things could not continue to go on as they have been in Washington.

Meanwhile, Micheal Moore has some advice for Obama.

Liberal firebrand Michael Moore called on President Obama to respond to the U.S. credit downgrade by arresting the leaders of the credit-ratings agencies.

On his Twitter feed Monday, the Oscar-winning film director also blamed the 2008 economic collapse on Standard & Poor’s — apparently because it and other credit-ratings agencies did not downgrade mortgage-based bonds, which encouraged the housing bubble and let it spread throughout the economy.

“Pres Obama, show some guts & arrest the CEO of Standard & Poors. These criminals brought down the economy in 2008& now they will do it again,” Mr. Moore wrote.

I am sure that will work.

Also, the stock market fell 634 points. I guess we should be getting ready for the second Great Depression.

 

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Fifteen Commandments

August 8, 2011

It’s not widely known that when Moses came down from Mount Sinai, he originally had fifteen commandments.

Actually Mel Brooks and almost everyone else have gotten it wrong. The Bible describes the tablets on which the commandments.

15 Moses turned and went down the mountain with the two tablets of the covenant law in his hands. They were inscribed on both sides, front and back. 16 The tablets were the work of God; the writing was the writing of God, engraved on the tablets. (Exodus 32:15-16)

10 The LORD gave me two stone tablets inscribed by the finger of God. On them were all the commandments the LORD proclaimed to you on the mountain out of the fire, on the day of the assembly.

11 At the end of the forty days and forty nights, the LORD gave me the two stone tablets, the tablets of the covenant. (Deuteronomy 9:10-11)

Most people picture the two tablets as having some of the commandments written on one and the rest on the other.

 

 

 

 

 

 

But it’s more probable that the two tablets were identical copies. The custom at that time and place was that if two people made an agreement or covenant, two copies were made and each party kept a copy. The ten commandments were a covenant between the Lord and the Israelites. Both copies were kept in the Ark of the Covenant. The clip is still funny, though.


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