It sounds like Obama has had a complete psychological break from reality. His hatred of America consumes him.
Dow Closes Down More Than 600 Points ABCNews.com:
The Dow Jones Industrial Average fell over 600 points Monday after a one-two punch: the first-ever Standard & Poor's downgrade of U.S. debt, then the downgrading of govenment-backed mortgage debt. The Dow's one-day drop of more than 600 points was its biggest point loss in a single day since December, 1 2008.
In Prelimnary closing figures the Dow Jones Industrial Average sank 632 points at 10813, ending at the day's low, according to the Wall Street Journal.
The Standard & Poor's 500 stock index tumbled 78 points, or 6.5%, to 1123, with financial and energy stocks falling hardest.
President Obama spoke this afternoon, saying the United States knew well before the S&P downgrade that it had a debt problem. "The U.S. will always be a triple-A country despite what rating agencies say," he said.
Did he really say that?? And did ABC report it with a straight face?
UPDATE: In the comments:
We've had a AAA credit rating since 1917, all the way through World War I. The Great Depression, we had a AAA credit rating.
World War II, we had a AAA credit rating, and we lose it now, and for what? For what great purpose did we lose it? Except an ideological hatred of American capitalism and a love of class warfare, what did we lose our AAA rating for? A naked effort to get still more and more money to buy votes. A never-ending quest for power, that's why we lost our AAA credit rating.
UPDATE: Tonight Obama is ...fundraising. 15K a plate.