wednesday. the s&p warned, quote we could lower the long-term rating to double a within the next two years if we see less reduction in spending than we agreed to. all we ve got is a super fail. moody s chief economist says deal or no deal, a downgrade is unlikely, because it expected it to fail from the start. i don t think it will i have impact on the credit rating no. megyn: stu varney is host of varney & co. i guess that s a good mood, moody s said there is not going to be a downgrade, we knew they couldn t get anything done. reporter: hold on a second. it s not just that the super committee has done nothing. there is talk that the automatic spending cuts will not be in allowed to kick in when they are supposed to kick in. we may not get anything from the super committee and no automatic eithers. that increases the possibility of the second downgrade indeed. it makes it perhaps a likelihood. remember the rating agencies, they want america to cut its debt by about $3
double a within the next two years if we see less reduction in spending than we agreed to. all we ve got is a super fail. moody s chief economist says deal or no deal, a downgrade is unlikely, because it expected it to fail from the start. i don t think it will i have impact on the credit rating no. megyn: stu varney is host of varney & co. i guess that s a good mood, moody s said there is not going to be a downgrade, we knew they couldn t get anything done. reporter: hold on a second. it s not just that the super committee has done nothing. there is talk that the automatic spending cuts will not be in allowed to kick in when they are supposed to kick in. we may not get anything from the super committee and no automatic eithers. that increases the possibility of the second downgrade indeed. it makes it perhaps a likelihood. remeer the rating agencies, they want america to cut its debt by about $3 trillion. the super committee and these automatic cuts were only talking a
when it happens over the water. this thing did come onshore. cars and buildings were damaged. no one was injured. town officials investigating reports that the waterspout made landfall as an actual tornado. new warnings from a revered democratic strategist getting a lot of attention today. the every flamboyant james carville now saying that the white house should be in quote, panic mode, and start firing staff immediately. he wrote, quote, gore god s sake why are we still looking at the same political and economic advisers that got us into this mess? it s time to show them the commit. wake up, show us you are doing something. does he have a point? joining me now democratic strategist dan gerstein and david webb, host of the david webb show and with the tea party
done, as solyndra and the department of energy enter a financial agreement. in may of 2010 president obama says, quote, companies like solyndra are leading the way toward a brighter and more prosperous future. and that brings us to august 31st, solyndra announces it is suspending operations and laying off 1100 people. an f.b.i. raid comes a few days later. where is the white house today on the scandal? fox news digital politics editor chris stirewalt joins us live from washington. hraoets tee it up with what jay carney the white house spokesman had to say about it yesterday. i think he s probably read some news accounts of it. i m not aware that he s been briefed. there is not a lot to brief him on. there is no evidence that the white house was involved in the loan. this is the white house involved because they weren t. the white house was involved in trying to find out when a decision would be made so they could make staff here could make a decision about the vice presid
just days later on march 12th and 13th george kaiser is listed on the white house visitor logs. he s been identified as a major solyndra investor, there he is dent tpoeud as visiting the white house. about a week later the white house announces a conditional approval for the loan. in may and june george kaiser visits the white house again. in august 09 the white house asks the house of management and budget if it can, quote, speed along final approval of the loan. on september 3rd the deal is done, as solyndra and the department of energy enter a financial agreement. in may of 2010 president obama says, quote, companies like solyndra are leading the way toward a brighter and more prosperous future. and that brings us to august 31st, solyndra announces it is suspending operations and laying off 1100 people. an f.b.i. raid comes a few days later. where is the white house today on the scandal? fox news digital politics editor chris stirewalt joins us live from washington. hraoet