Ace of Spades HQ

August 05, 2011

Flashback: S&P Raised Texas' Bond Ratings from AA to AA+ In 2009
— Ace

AUSTIN Â– Standard & PoorÂ’s (S&P) has raised TexasÂ’ issuer credit and general obligation credit ratings to AA+ from AA based on the stateÂ’s strong and diverse economy and strong leadership from the governor and Legislature that has left a projected $9 billion in the stateÂ’s Rainy Day Fund. S&P also raised its rating on the stateÂ’s appropriation debt to AA from AA-.
Â“The ratings continue to reflect our opinion of the state's large and steadily diversifying economy, which despite the recession continues to perform better than the nation in terms of both economic activity and employment,Â” S&P credit analyst Horacio Aldrete-Sanchez said. Â“Furthermore, we expect that the Texas economy will recover earlier and at a faster rate than most other states given its continued population growth and relatively low cost of doing business, which we expect will contribute to gradual employment gains in 2010, particularly in the health, education and services sectors.Â”
S&PÂ’s decision was based on TexasÂ’ 2010-11 biennial budget, the stateÂ’s strong Rainy Day Fund, and TexasÂ’ low tax-supported debt burden. The higher rating means Texas will pay lower interest on money it borrows, saving of millions of taxpayer dollars.

So, the US' rating dropped from AAA to AA+, and Texas' rating rose from AA to AA+.

They're currently equal.

Thanks to Dave in Texas.

Posted by: Ace at 05:10 PM | Comments (120)
Post contains 246 words, total size 2 kb.

1 That's some sweet irony, right there.

Posted by: twiceblessedmom at August 05, 2011 05:12 PM (HjxoE)

2 See, Perry ain't such a dummy after all - he raised the grade of Texas!

Deelect Barry -Elect Perry.

Posted by: Kratos (Ghost of Sparta) at August 05, 2011 05:13 PM (JAidV)

3 Well, the Nikkei is up almost 4 pts right now. I'm guessing that will change quickly.

Posted by: As IF... at August 05, 2011 05:14 PM (piMMO)

4 Rick Perry definitely has some of the easiest selling points to make, and easy selling points are what will work with low information voters.

Posted by: Dave S. at August 05, 2011 05:14 PM (UvR6d)

5 Oh, and is there anyone Hannity won't knob-gobble?

Posted by: As IF... at August 05, 2011 05:15 PM (piMMO)

6 Rick Perry does he have any Executive experience like my boy Obama? I think NOT!

Posted by: Joe Biden at August 05, 2011 05:16 PM (14jKX)

7 But.....Rick Perry made a C in gym. Yeah, he flew planes in the USAF, but....

.....he didn't attend an Ivy!!111!!!

Posted by: Jane D'oh, wearing a cute, pink suicide vest at August 05, 2011 05:16 PM (UOM48)

Rick Perry definitely has some of the easiest selling points to make, and easy selling points are what will work with low information voters.

Damn stright. I was just about to say that

I can see the Rick Perry campaign ads already. It will be nothing but "compare and contrast."

Posted by: Sean Bannion at August 05, 2011 05:17 PM (HUZDZ)

9 A "C" student during school is doing it right. Come on, jug ears, keep up!

Posted by: twiceblessedmom at August 05, 2011 05:17 PM (vFVJi)

10 They're currently equal.

Except that Texas, were it a country (again), has a future.

Posted by: Methos at August 05, 2011 05:18 PM (sOXQX)

11 But but but Rick Perry prays and that's just too much to handle.

Posted by: dagny at August 05, 2011 05:18 PM (7PuB2)

12 Rick Perry doesn't have smartly creased pants!!111!!!!

And he runs down innocent coyotes and guns them down for sport!!!11!!!

Posted by: Jane D'oh, wearing a cute, pink suicide vest at August 05, 2011 05:19 PM (UOM48)

13 You don't want Rick Perry. He looks too much like those guys on the dollar bill.

Posted by: Barry the Magnificent, B+ student in his mind at August 05, 2011 05:21 PM (sOXQX)

14 When they say "+", they mean it.

Posted by: Anita Perry at August 05, 2011 05:21 PM (KYE7u)

15 Rick Perry kills a coyote while jogging.
Barky McFuckwit kills a fly in the Oval Office and the MSM drools.

Posted by: Jane D'oh, wearing a cute, pink suicide vest at August 05, 2011 05:21 PM (UOM48)

16 Are we sure Perry got a C in economics? He should bitchslap Geithner right now.

Posted by: EC at August 05, 2011 05:21 PM (f4TZ2)

17 I'd give myself an AA+ sweetie.

Posted by: Barack Obama at August 05, 2011 05:21 PM (FBr/C)

18 Rating Schmating. American's wont get distracted by what's important: Rick Perry once scored 50% on his English 101 mid-term.

Posted by: Neal Marks - Washington Correspondent at August 05, 2011 05:22 PM (ZgvjV)

19 17 I'd give myself an AA+ sweetie.

Posted by: Barack Obama at August 05, 2011 09:21 PM (FBr/C)

That's not what Michelle says. Kal Penn and Reggie Love, well, that's another thing.

Posted by: Jane D'oh, wearing a cute, pink suicide vest at August 05, 2011 05:23 PM (UOM48)

20 But Perry doesn't have anything to do with anything in Texas! The governor does nothing there except let innocent people get executed on Death Row!

Posted by: Jimmy Jim Jim at August 05, 2011 05:24 PM (GULKT)

21 My friends tell me that they heard that Perry got a C- in Underwater Basket Weaving 101. He came up for air during the final.

Posted by: IllTemperedCur at August 05, 2011 05:24 PM (9Lm5R)

22 When If Texas leaves the Union, Oklahoma and at least Louisiana will also leave. What other states would join, other than North Dakota? We could call it OPEC (Organization of Petroleum Exporting Cowboydoms).

Posted by: Ducatisti at August 05, 2011 05:25 PM (KYE7u)

23 I understand the ratings drop is a big deal... but functionally is it really that huge? There's still not really a better place for foreign banks to invest. We're still reserve currency... I mean, I read (somewhere, don't remember) that some central banks can only buy "AAA" debt, but I just don't see how these people can say "well, 14.5 trillion in debt isnt a big deal.... OH SHIT, S&P downgraded them, abandon ship!"

I guess my point is, aren't we overblowing the ratings agencies power? These are the same idiots that were packaging sub prime mortgages as AAA.

Posted by: TimtheLurker at August 05, 2011 05:25 PM (d1JmE)

24 Easy AA+!

Posted by: Hrothgar at August 05, 2011 05:25 PM (yrGif)

Late into Friday night, this isn't news. FoxNews has Sanford still, CNN has Lisa Kudrow, CNBC "How I Made My Millions".

The closest I came to a news network talking about the downgrade was ctv news reviewing "Rise of the Planet of the Apes."

Posted by: Stateless Infidel at August 05, 2011 05:25 PM (GKQDR)

26 pffffft.

He believes in an invisible man in the sky. Get real. Obama will cream this Jesus Freak.

Suck it wingnutz!

Posted by: Libby McDoucheTard at August 05, 2011 05:26 PM (qiOph)

27 So do interest rates begin to skyrocket now?

Posted by: Jane D'oh, wearing a cute, pink suicide vest at August 05, 2011 05:27 PM (UOM48)

28 During the fiscal years for which Rick Perry exercised budgetary authority as Governor of Texas (FY02 through FY10) Â• Debt outstanding increased 184.2%, or 20.5% per year Â• Per capita debt outstanding increased 140.4%, or 15.6% per year Â• Total liabilities increased 60.6%, or 6.7% per year Â• Total liabilities per capita increased 35.8%, or 4.0% per year During the fiscal years for which Sarah Palin exercised budgetary authority as Governor of Alaska (FY08 through FY10) Â• Debt outstanding increased 12.7%, or 4.2% per year Â• Per capita debt outstanding increased 7.4%, or 2.5% per year Â• Total liabilities decreased 34.6%, or 11.5% per year Â• Total liabilities per capita decreased 37.7%, or 12.6% per year So she DECREASED liabilities, and he increased them. http://tinyurl.com/3zusz2z

Posted by: Dan at August 05, 2011 05:27 PM (mXBxH)

29 And what the hell is Fox thinking?

Posted by: eastvalleyphx at August 05, 2011 05:28 PM (qiOph)

30 Mark Sanford '12!!

/s

Posted by: Jane D'oh, wearing a cute, pink suicide vest at August 05, 2011 05:28 PM (UOM48)

31 I think Caesar would do a better job, welcome our new Ape Overlords.

Posted by: Captain Smith at August 05, 2011 05:29 PM (Pjih7)

32 >>So do interest rates begin to skyrocket now?
Posted by: Jane D'oh, wearing a cute, pink suicide vest at August 05, 2011 09:27 PM (UOM4

_{Er, first take off the vest, then we'll talk}

Posted by: ontherocks at August 05, 2011 05:29 PM (HBqDo)

33 Ireland and Greece, here we come! wheeeee

Posted by: chemjeff at August 05, 2011 05:29 PM (DNUpF)

34 Posted by: Dan at August 05, 2011 09:27 PM (mXBxH)

She isn't running. Deal with it.

Posted by: The War Between the Undead States at August 05, 2011 05:29 PM (T0SnK)

35 Sanford is teetering toward blaming Jenny, at least partly.

STFU, jackass. Think of your kids. Sheesh.

Posted by: Jane D'oh, wearing a cute, pink suicide vest at August 05, 2011 05:29 PM (UOM48)

36 @22 - I volunteer Utah to join that group.

Posted by: Arcade Hero at August 05, 2011 05:31 PM (mmHDH)

37 Sanford is teetering toward blaming Jenny, at least partly. ????? Fuck me running. What a shit-heel.

Posted by: IllTemperedCur at August 05, 2011 05:32 PM (9Lm5R)

38 Maybe Barky ought to consider Perry for the position if/when Turbo Tax Timmy goes.

Posted by: Retread at August 05, 2011 05:32 PM (BO5ap)

39 Is Jenny Sanford Hannity's sister? Cousin?

Posted by: Confused Cat at August 05, 2011 05:32 PM (bAySe)

40 So do interest rates begin to skyrocket now? Should they , yes . Will they , no . 180 Trillion in derivatives tied to interest rates say ZIRP forever .

Posted by: Bill D. Cat at August 05, 2011 05:33 PM (npr0X)

41 And what the hell is Fox thinking?

I've been thinking that more and more lately. Hannity, even more than O'Reilly, is on my last friggin nerve.

They should make it the Hannity and Cavuto show and let Neal slap a bit of brutal reality his way each night.

I'd watch.

Posted by: As IF... at August 05, 2011 05:33 PM (piMMO)

42 I, for one, welcome our new ATM Overlords!

Posted by: fluffy Brockelman at August 05, 2011 05:34 PM (4pSIn)

43 What depressing times we live in. I weep for our children.

So glad Barry, Michelle, the kids, and their Hollywood pals had a fabulous time last night. Hopefully, no one traveled on any evil private jets.

I'm so angry and pissed off I can't see straight. Glad my husband is enjoying a golf weekend with his best bud.

Posted by: Jane D'oh, wearing a cute, pink suicide vest at August 05, 2011 05:34 PM (UOM48)

44 35, the facts are what they are. Look at those debt numbers and liabilities. Even per capita is a huge disparity.

Posted by: Dan at August 05, 2011 05:34 PM (mXBxH)

45 Who made $$$ from 1:30 to 4:40 this afternoon when the WH withheld this explosive information from the public and most investors?

Posted by: cherry π at August 05, 2011 05:34 PM (OhYCU)

46 Posted by: Dan at August 05, 2011 09:27 PM (mXBxH)

She isn't running. Deal with it.

And she'll probably be endorsing Perry.

She'll make a fine energy secretary when the time comes.

Posted by: Methos at August 05, 2011 05:34 PM (sOXQX)

47 I no longer have FBN. What are they showing right now?

Posted by: As IF... at August 05, 2011 05:35 PM (piMMO)

48 Obama is done. He will try his "slash and burn" routine but it won't work. Slinging mud will not get our loved ones jobs and economic opportunity. The people know it. They were hoodwinked in 2008, and now they have ample evidence to make a change.

Posted by: Dan at August 05, 2011 05:35 PM (mXBxH)

49 That's not a "plus" sign. Those are cross hairs.

Suck it, bitches.

Posted by: Dang at August 05, 2011 05:36 PM (TXKVh)

50 Will this downgrade hurt Nintendo? (Export-import exchange rate costs).

Posted by: Serious Cat at August 05, 2011 05:36 PM (bAySe)

51 Perry Campaign Slogan: RESET OUR REPUBLIC!

Posted by: Breaker19 at August 05, 2011 05:36 PM (Xt2Jb)

52 Oh how I love flashbacks:

04/19/11 10:33 AM ET

Treasury Secretary Tim Geithner said Tuesday there is "no risk" the U.S. will lose its top credit rating amid a new analysis that revised its outlook on American debt to "negative."

Posted by: Jay at August 05, 2011 05:38 PM (Vyhz6)

53 Fucking terrorist Taliban Tea Party did this!!

Posted by: beedubya at August 05, 2011 05:38 PM (AnTyA)

54 Happy Birthday, Mr. President!

Your plan worked brilliantly.

Posted by: As IF... at August 05, 2011 05:39 PM (piMMO)

55 Looks like I'm going to get some company down here

Posted by: Boulder Toilet Hobo at August 05, 2011 05:39 PM (1MvnO)

56 I think I could probably go for Perry, but my hair would be jealous

Posted by: chemjeff at August 05, 2011 05:39 PM (vXovE)

57 I don't need to see Barry's transcripts to know that he is stupid.

Posted by: Lemmiwinks at August 05, 2011 05:39 PM (54F2e)

58 Bat Signal paging Sarah Palin

Posted by: cherry π at August 05, 2011 05:40 PM (OhYCU)

59 We can get our AAA rating back. We just need good solid conservative leadership in charge. Reduce spending, budget reform, pro growth policies, increased energy supply. Pretty simple.

Posted by: Dan at August 05, 2011 05:40 PM (mXBxH)

60 44 I hear ya, it is going to be hardest on the kiddos.

Posted by: chemjeff at August 05, 2011 05:41 PM (vXovE)

61 Reduce spending, budget reform, pro growth policies, increased energy supply. Pretty simple.

Posted by: Dan at August 05, 2011 09:40 PM (mXBxH)

Racist!

Posted by: eastvalleyphx at August 05, 2011 05:42 PM (qiOph)

Holy shit. I can't believe we were just downgraded. I mean, I've known it's been coming for some time and we don't deserve the top rating, but jeez.

It's here, the reckoning is beginning.

Posted by: Ben at August 05, 2011 05:42 PM (DKV43)

63 the facts are what they are. Look at those debt numbers and liabilities. Even per capita is a huge disparity.

And high oil prices along with a tax increase on oil producers (just like Obama wants to do) had absolutely nothing to do with it, especially in a low population state that leeches most of it's revenue from energy taxes.

Take your retarded cut-and-paste talking points back to the C4P circle jerk.

Posted by: Hollowpoint at August 05, 2011 05:42 PM (SY2Kh)

64 For those who bang on Perry for the increase of debt:

It was only during his tenure that the Texas Constitution allowed for the State to issue Highway Bonds... and we've built more square feet of highway in DFW in the past 10 years than is in all of New England...

Posted by: phreshone at August 05, 2011 05:43 PM (T3vCe)

65 Remember....Presidebt Petey said at his first birfday party this week in Chicago that he is only half way done

Posted by: beedubya at August 05, 2011 05:43 PM (AnTyA)

66 Well, the Nikkei is up almost 4 pts right now. I'm guessing that will change quickly.
Posted by: As IF

Hey, where did you get the time machine?
(It's Saturday in Japan. The markets are closed.)

Posted by: weft cut-loop at August 05, 2011 05:44 PM (DEcmU)

67 62 We can get our AAA rating back. We just need good solid conservative leadership in charge.

Reduce spending, budget reform, pro growth policies, increased energy supply. Pretty simple.

Posted by: Dan at August 05, 2011 09:40 PM (mXBxH)

You make too much sense. Off with your head!

Posted by: O the Dictaster at August 05, 2011 05:44 PM (Xt2Jb)

Question for economists and pretend economists out there.

How will this affect American interest rates?

Posted by: Ben at August 05, 2011 05:44 PM (DKV43)

69 63 44 I hear ya, it is going to be hardest on the kiddos.

Posted by: chemjeff at August 05, 2011 09:41 PM (vXovE)

Sadly, all the 20-somethings in my husband's family voted for Hope & Change. And according to my husband, they still believe in Barry.

No fixing stupid.

Posted by: Jane D'oh, wearing a cute, pink suicide vest at August 05, 2011 05:44 PM (UOM48)

70 Hey, where did you get the time machine?
(It's Saturday in Japan. The markets are closed.)

Shit! Yay! It's Friday!!!!! How could I forget?!

_{Snoopy dance}

Posted by: As IF... at August 05, 2011 05:46 PM (piMMO)

71 If you're anywhere near Wall Street tomorrow, you might want to wear a hard hat.

Posted by: Dang at August 05, 2011 05:46 PM (TXKVh)

72 Yeah, I guess that would be Monday.

Posted by: Dang at August 05, 2011 05:47 PM (TXKVh)

We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process. We also believe that the fiscal consolidation plan that Congress and the Administration agreed to this week falls short of the amount that we believe is necessary to stabilize the general government debt burden by the middle of the decade.

How is the MSM going to spin this part.

I know, I know, here's how....

The S&P Downgraded the US because, " We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress .........on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process"

Posted by: Ben at August 05, 2011 05:47 PM (DKV43)

74 Hmmmm.

On a Friday night.

Who'da thunk it?

Posted by: As IF... at August 05, 2011 05:47 PM (piMMO)

Sadly, all the 20-somethings in my husband's family voted for Hope & Change. And according to my husband, they still believe in Barry.

No fixing stupid.

Posted by: Jane D'oh, wearing a cute, pink suicide vest at August 05, 2011 09:44 PM (UOM4

Evidence of that exists on this very blog.

Posted by: buzzion at August 05, 2011 05:48 PM (GULKT)

76 66, I know it is hard for you to deal with numbers and facts. Per capita takes population into account FYI.

Posted by: Dan at August 05, 2011 05:48 PM (mXBxH)

77 FYI, S&P is owned by McGraw Hill, which is run by Harold McGraw III

Posted by: cherry π at August 05, 2011 05:49 PM (OhYCU)

78 I'm watching the Joint Economic Committee's release of the July Jobs Report on C-Span and I'm amazed that there is virtually nobody in attendance.

I would have thought that, in times like these, members of congress would at least make an effort to appear interested.

Posted by: As IF... at August 05, 2011 05:49 PM (piMMO)

79 We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process.

What's with the fucking run-on sentence? Shit!

Posted by: Dang at August 05, 2011 05:50 PM (TXKVh)

No fixing stupid.

Posted by: Jane D'oh, wearing a cute, pink suicide vest at August 05, 2011 09:44 PM (UOM4

Evidence of that exists on this very blog.

Posted by: buzzion at August 05, 2011 09:48 PM (GULKT)

And it has a very distinctive smell. Feline, like.

Posted by: Count de Monet at August 05, 2011 05:50 PM (4q5tP)

81 She'll make a fine energy secretary when the time comes.

Sure, for the two or three months of the administration before she quits.

Posted by: The War Between the Undead States at August 05, 2011 05:50 PM (T0SnK)

82 72 worse yet for them, they'll also have to wake up from their lib-induced coma

Posted by: chemjeff at August 05, 2011 05:50 PM (vXovE)

83 Hey, where are all those fine folk singers that liked to sing about the hard times way back when?

Dylan? Baez? You got a diddy for this in your pocket?

Posted by: As IF... at August 05, 2011 05:52 PM (piMMO)

84 Sure, for the two or three months of the administration before she quits.

Whatever, commie.

Posted by: Methos at August 05, 2011 05:54 PM (sOXQX)

85 Just finished reading the S&P report in full.

They went out of their way to push for higher taxes on the wealthy, and cite the prolonged fight over the debt ceiling as a reason they're not confident that the Congress will agree to more cuts / revenue. They do mention spending reduction before "revenue" increases though.

It would be a bit easier to take them seriously if they hadn't screwed the pooch so badly when it came to the housing market. The report gives ammo for both GOP and Dem arguments. Needless to say, one need not guess which line the MFM will take.

They touched on entitlements, but not enough in my opinion- they're what'll drive the medium to long term debt catastrophe.

Posted by: Hollowpoint at August 05, 2011 05:54 PM (SY2Kh)

86 81 you mean it's not owned by this guy? tiny.cc/hr90i

Posted by: chemjeff at August 05, 2011 05:55 PM (vXovE)

87 More A's in that headline than in all of Obama's transcripts combined. Way more A's.

Posted by: Little Miss Spellcheck at August 05, 2011 05:55 PM (xqhoO)

88 From 1:30 to 4:30 this afternoon it was happy hour for the friends and family of S&P and the White House.

Posted by: cherry π at August 05, 2011 05:55 PM (OhYCU)

89 I believe the top link is broken... .pd instead of .pdf. :-)

Posted by: JeepGirl at August 05, 2011 05:57 PM (U2Jkz)

90 Aaand this is the wrong thread to post that. Sorry!

Posted by: JeepGirl at August 05, 2011 05:57 PM (U2Jkz)

91 We're boned.

Since the word "boned" hasn't shown up yet.

Posted by: Boulder Toilet Hobo at August 05, 2011 05:57 PM (1MvnO)

92 So Barry is continuing his birfday celebration at Camp Soros David. When does the lazy, jugeared jackass leave on his vacation to the Vineyard?

I don't know if I can live until November 2012.

Posted by: Jane D'oh, wearing a cute, pink suicide vest at August 05, 2011 05:58 PM (UOM48)

93 Since the word "boned" hasn't shown up yet.

Shanked. Has anyone used that word yet?

Posted by: As IF... at August 05, 2011 05:59 PM (piMMO)

94 so will mortgage rates shoot up?

Posted by: chemjeff at August 05, 2011 05:59 PM (vXovE)

95 We need a poll.

How long will the market last on Monday?

I say 15 minutes.

Posted by: cherry π at August 05, 2011 05:59 PM (OhYCU)

96 97 hold on! it's not much farther now!

Posted by: chemjeff at August 05, 2011 06:01 PM (vXovE)

so will mortgage rates shoot up?

yeah, how does this affect the little guy? Am I finally going to earn more than .35 percent on my CD's?

Posted by: Ben at August 05, 2011 06:01 PM (DKV43)

98 Glad i re-financed two months ago...

this is gonna be a rough 6 months...

Posted by: phreshone at August 05, 2011 06:01 PM (T3vCe)

99 There are alot more C students from state schools the ivy leagurers with inflated grades.

Posted by: Jean at August 05, 2011 06:03 PM (4jJCE)

100 I'm imagining our Founding Fathers spinning in their graves, and every patriot who has shed blood for this country both here and abroad, spinning in theirs.

I could cry. And on that note, I'm off to bed with a good book.

'night, all.

Posted by: Jane D'oh, wearing a cute, pink suicide vest at August 05, 2011 06:03 PM (UOM48)

101 So that's something Perry has in common with King Putt - They both inherited credit ratings from GW Bush that they both turned into AA+ ratings. What a coincidence. So why change horses in the middle of the stream?

Posted by: Minuteman at August 05, 2011 06:04 PM (hbAPu)

102

22When If Texas leaves the Union, Oklahoma and at least Louisiana will also leave. What other states would join, other than North Dakota? We could call it OPEC (Organization of Petroleum Exporting Cowboydoms).

Posted by: Ducatisti at August 05, 2011 09:25 PM (KYE7u)

I think Vic would point out that there's plenty of South Carolinians who have saved their Confederate currency for just this occasion.

Posted by: Minuteman at August 05, 2011 06:07 PM (hbAPu)

103 The report gives ammo for both GOP and Dem arguments.
Posted by: Hollowpoint

Don't ya just love the nuance? Inspiring. Talking out of both sides of their ass.

Posted by: Dang at August 05, 2011 06:09 PM (TXKVh)

104 I, for one, welcome our new overlords from Austin. I mean, in Austin, not from that hipster hellhole.

As a well-regarded hobo, I can bring over Subarus for scrap metal for your oil drills and corporate headquarters

Posted by: Boulder Toilet Hobo at August 05, 2011 06:15 PM (1MvnO)

105 Bachmann on Greta

fireworks

Posted by: cherry π at August 05, 2011 06:18 PM (OhYCU)

106 "This President has destroyed the economy with his failed economic policies"

Calling for immediate resignation of Geithner

Posted by: cherry π at August 05, 2011 06:19 PM (OhYCU)

107 Go Michele Go... hammer Barry

Posted by: phreshone at August 05, 2011 06:21 PM (T3vCe)

108 "Since 1917 we've had a AAA rating"

Posted by: cherry π at August 05, 2011 06:21 PM (OhYCU)

109 The president HAS to do his job....

Posted by: phreshone at August 05, 2011 06:22 PM (T3vCe)

110 did Greta just say "Sarah Palin is here"?

Posted by: curious at August 05, 2011 06:37 PM (k1rwm)

111 new thread

Posted by: cherry π at August 05, 2011 06:38 PM (OhYCU)

112 Poor HuffPo picked the worst day to kick off the Perry is a dunce meme.

Posted by: DM! at August 05, 2011 06:54 PM (O0Qwy)

113 In before someone says the Governor of Texas has nothing to do with the economy.

Posted by: Y-not at August 05, 2011 07:41 PM (5H6zj)

114 Sunday morning talk shows should prove...interesting.

TERRORISTS! BOEHNER!! HOLDING US HOSTAGE!

Posted by: PJ at August 05, 2011 08:56 PM (FlVA8)

115 Is CNBC moving to the right? On the heels of the HuffPo attack on Perry, they run with a story on the CEOs who are college dropouts: http://tinyurl.com/3okrrd3

Posted by: Jean at August 05, 2011 10:35 PM (7P7Ij)

116 Good morning Mr. President-elect Perry.....

Posted by: ATLDiver at August 06, 2011 03:54 AM (SQRLs)

117

Wheee! I'm off the hook!

Posted by: Jimmy Carter at August 06, 2011 06:46 AM (218Gy)

118 But what about Perry having a first class temperament?
Christopher Buckley

Posted by: Profiterole at August 06, 2011 02:04 PM (ychgM)

119 I have been quite impressive with your posts, keep up the great work.

Posted by: Eating the Dinosaur Audiobook at August 06, 2011 10:28 PM (X1M4g)

120 I just cant stop reading this. Its so cool, so full of information that I just didnt know. Im glad to see that people are actually writing about this issue in such a smart way, showing us all different sides to it.

Posted by: corsets at August 07, 2011 06:36 AM (LfYhE)

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