Downgrading America: Brad Hirschfield's ethical take on the news (Video)

Aug 09, 2011

Live with Brad Hirschfield

Are American's in a panic selling when they should be buying? Buy low sell high, Econ 101! Anyway, It seems to me everyone is jumping on the fear factor when they should just relax and wait.

At one point President Obama and Speaker Bohner seemed to have a deal on that would cut spending and close loopholes in the tax code. When details of the deal leaked both Dem and GOP bases erupted and the respective leadership disowned the agreement. Meanwhile the house passed two solutions while the Senate did nothing. How is this now termed the "tea party downgrade" and why don't we see how our political leaders use the blame game to keep us in check?

These guys took the country hostage for weeks demanding a compromise. When they got it - they shot the hostage. I am surprised that member companies of the S&P 500 index and their stockholders don't start sueing them for damages to their companies.

Why do people not tell the Tea Party they are responsible for obstructing the routine passage of the Debt Ceiling and after it was passed work on the budget. Michelle Bachman thought it was OK to stop all discussion and the debt ceiling was not important. Well I can't figure how they can get away without someone holding her and the Tea Party responsible for causing the instability which casued the downgrade.

Did S&P lower the US ratings to inject themselves in the politics?

Where is the leadership? The American public feels no confidence in government. How big a role do you think this plays in the dragging economy?

Obama's blatant hypocrisy is causing the mounting problems in the market. He hides behind his anti-business Progressive Socialist ideology, policies, party and self-interest. He then tells anyone that opposes him to stop hiding behind ideology, party and self-interest. Obama is a weasel, most people and the business community have figured him out.

We had a "grand bargain" that would have cut spending by 4T. However Boehner never had the votes to do it. I put the blame at his door. But the real problem is government by misinformed public propaganda. This is not the time to starve our economy. We need to feed it. Then pay down the debit when the economy recovers. It has worked before. Why not now?

It baffles me as to why David Beers, director of the Sovereign Debt Division of S&P, would cite entitlement spending as a key factor in downgrading America's debt. Isn't it true that the benefit payouts from entitlement programs are funded with payroll tax dollars?!? There has never been a debt-financed Social Security or Medicaid payout as to my knowledge, has there? If the US Government were a private corporation, Social Security and Medicare Liability would be considered contingent Liabilities footnoted on the Balance sheet, wouldn't they? Is the weight of consideration that David Beers place on entitlement spending justified? Please Help me!!

How can ethics not prevail here? How can American's make their voices heard? House and Senate leaders are not listening!!!

Are we really any safer today? We seem as polarized as ever. Have we really made any progress?

Where was the justice? This was savage and religion doesn't seem to be helping any.

As a muslim and a haji I condem the barbaric act of the Suadi Government. . The Saudi's have proven to be racists and this is not islamic juctice it is just pure barbarism and murder !.. I wish CAIR would take a stand or muslims in the united States protest such acts in Saudi Arabia.

In This Chat
Brad Hirschfield
Brad Hirschfield is the president of Clal - The National Jewish Center for Learning and Leadership. He writes the For God's Sake blog for The Washington Post. A regular on Lou Dobbs Tonight on the Fox Business Network. he appears frequently on NPR, PBS, and CNN, and is routinely listed as one of America?s "most influential rabbis." His most recent book is You Don't Have To Be Wrong For Me To Be Right: Finding Faith Without Fanaticism.
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