Is the U.S. Credit Rating a Victim of GOP Sabotage?

[dilloduck]

Why should we give a shit about our credit rating ? We shouldn't be borrowing any money anyway.

 

[Soggy in NOLA]

CNN: Chinese agency downgrades U.S. credit rating for the 3rd time.



German Rating Agency Feri Downgrades US Government Bonds: AAA to AA! | zero hedge



Egan-Jones Downgrades US From AAA To AA+ It had nothing to do with the current Debt Limit!!! It was due to the looming 100% Debt to GDP ratio.



Moody's lowered its outlook on U.S. debt to "negative." | CNN



S&P Downgraded US Credit to AA+ | AP



Fitch Statement Shows US Downgrade Risk Remains In Play


Gold upgrade to a Tier 1 Asset while US Bonds get downgraded.

I remember someone posting the Chinese and European banks downgrades, at the time it was basically who what? the warning signs have been there for while.

I agree. The faux surprise is mildly amusing. This downgrade was well telegraphed.

And summarily ignored.

 

[Steelplate]

Well, what does what you are saying have to do with this thread? Do you have ADD or something?

And to your off-topic point, so what? 99 weeks of unemployment is fucking retarded and not raising taxes is a good thing.

yeah... look at all the good it's doing for us

Here's a hint. All you liberals get together and Pool ALL YOUR MONIES and give it to your GOVERMENT, for the GOOD of the Country, of course.

We probably should, because there's no way in hell Conservatives care about the country... they can't possibly care about the country... they've done all they can to destroy it.

 

[Soggy in NOLA]

yeah... look at all the good it's doing for us

Here's a hint. All you liberals get together and Pool ALL YOUR MONIES and give it to your GOVERMENT, for the GOOD of the Country, of course.

We probably should, because there's no way in hell Conservatives care about the country... they can't possibly care about the country... they've done all they can to destroy it.

Yep.. we keep food hostages.

 

[Stephanie]

yeah... look at all the good it's doing for us

Here's a hint. All you liberals get together and Pool ALL YOUR MONIES and give it to your GOVERMENT, for the GOOD of the Country, of course.

We probably should, because there's no way in hell Conservatives care about the country... they can't possibly care about the country... they've done all they can to destroy it.

Oh dear me, the DRAMATICS.. all because MOST people don't feel they NEED taxes raised to keep FEEDING this OUT OF CONTROL Government. damn if we ask them to GO BY A BLANCED BUDGET....

 

[Truthmatters]

yeah... look at all the good it's doing for us

Here's a hint. All you liberals get together and Pool ALL YOUR MONIES and give it to your GOVERMENT, for the GOOD of the Country, of course.

We probably should, because there's no way in hell Conservatives care about the country... they can't possibly care about the country... they've done all they can to destroy it.

Only because they wont get the credit if things go well in the country.

 

[Stephanie]

yeah... look at all the good it's doing for us

Here's a hint. All you liberals get together and Pool ALL YOUR MONIES and give it to your GOVERMENT, for the GOOD of the Country, of course.

Are you saying the government belongs to us and not you?


If that is true we need to deport you.

 

[rightwinger]

Yeah, that's it.

S&P gave ample warning for Congress to get their act together and stop the brinkmanship and bickering. It is causing uncertainty on the global markets and destroying our image around the world
US used to set the standard. Now we are a laughingstock headed for third world status

Yep, and look WHO is IN CHAREGE. Now all of a sudden you are all worried about it.

Who is in charge?

 

[Chris]

The treasonous Tea Party is doing everything they can to destroy America.

 

[Neotrotsky]

Speaking of destroying America

With Downgrade, time to remove boondoggle of ObamaCare off the back of the US economy


Indeed,
with the Left mantra of "more tax more tax", they say PapaObama is off the table

Even CBO says PapoObama Care kills jobs

CBO Says ObamaCare Will Kill 800,000 Jobs
[ame=http://www.youtube.com/watch?v=Jskjci1ZL9Q]‪800,000 Jobs Gone: CBO Admits Health Care Law Will Kill Jobs‬‏ - YouTube[/ame]

Some studies have shown that PapaObama care is having a real impact on
killing jobs NOW

Analysis: Job Growth Was 10-Fold Higher Before the Democrats Passed Obamacare

“Private-sector job creation initially recovered from the recession at a normal rate, leading to predictions last year of a “Recovery Summer.” Since April 2010, however, net private-sector job creation has stalled. Within two months of the passage of Obamacare, the job market stopped improving. This suggests that businesses are not exaggerating when they tell pollsters that the new health care law is holding back hiring.”

Sherk writes that Obamacare “discourages employers from hiring in several ways: ​

 

[Mr. Shaman]

But Congressional Republicans deserve much more of the blame. For this calamity was entirely man-made -- even intentional. The contemporary Republican Party is fixated on taxes. It possesses an iron-clad belief that the existing tax rates should never go up, that loopholes shouldn't be closed unless they're offset by other tax reductions, that the fact that hedge fund managers pay lower tax rates than school teachers makes complete sense, that a reversion to the tax rates of the prosperous 1990's or 1980's would be unacceptable.

In the past two years, this attitude has combined with a general hostility to playing ball with Democrats on large legislative issues, a near-blanket refusal to conduct business with President Obama, and, since the arrival of the raucous Tea Party freshman, a cavalier attitude toward the nation's obligations. It was common to hear duly elected legislators argue that it wouldn't be a big deal if the government were to pierce the debt ceiling and default on its debts.

Top Congressional Republicans have expressed a desire to deny victories to the president.

Is the U.S. Credit Rating a Victim of GOP Sabotage? | Daniel Gross - Yahoo! Finance

.

$tandard & Poor’$ has got a lotta balls, insisting on much-of-ANYTHING!!!

​

July 26, 2011​

"Who is Standard & Poor’s to tell America how much debt it has to shed in order to keep its credit rating?

Standard & Poor’s didn’t exactly distinguish itself prior to Wall Street’s financial meltdown in 2007. Until the eve of the collapse it gave triple-A ratings to some of the Street’s riskiest packages of mortgage-backed securities and collateralized debt obligations.

Standard & Poor’s (along with Moody’s and Fitch) bear much of the responsibility for what happened next.

So why has Standard & Poor’s decided now’s the time to crack down on the federal budget — when it gave free passes to Wall Street’s risky securities and George W. Bush’s giant tax cuts for the wealthy, thereby contributing to the very crisis its now demanding be addressed?

Could it have anything to do with the fact that the Street pays Standard & Poor’s bills?"

The Biggest Driver in the Deficit Battle:
Standard & Poor’s​

*

[ame=http://www.youtube.com/watch?v=TRKSpoemCOs]‪Wall Street Crash Oct. 08' - Are Rating Companies to blame for economic meltdown‬‏ - YouTube[/ame]
*

*
[ame=http://www.youtube.com/watch?v=Nif9Bhb08Lc]‪The Rating Agency Problem‬‏ - YouTube[/ame]


(....And, still, Teabaggers blame Black-families for taking-on too-much mortgage-debt. )

 

[Neotrotsky]

Back in April

Geithner: No Risk U.S. Will Lose AAA Credit Rating (Video)

 

[rdean]

Republicans need something to run on. They can't use, "Jobs Jobs Jobs" again. So they bring down the economy and say, "See, it happened on his watch". Even before he was sworn in, they wanted him to fail.

So what are Republicans going to run on? We got Bin Laden? We moved jobs to China? We gave subsidies to oil companies? We stopped any rebuilding of America? We cut funding for the disabled? We cut funding for wounded soldiers?

What? Name something positive they did. A single workable policy. ANYTHING!!!!!!!!!!!!!!!1

 

[Neotrotsky]

Yes indeed

Papa Obama can run the man who brought you
the first downgrade and unemployment

the left should Run with it

 

[Mr. Shaman]

It is both parties fault. Taxes were not raised & enough entitlements were not cut.

And, people still wonder why Teabaggers are excluded from discussing such sophisticated-subjects as credit-ratings-agencies?????

[ame=http://www.youtube.com/watch?v=mKKKgua7wQk]‪SARAH PALIN BOOK SIGNING - Interviews with Supporters‬‏ - YouTube[/ame]​

 

[Mr. Shaman]

This is a two-party failure, not one party.

 

[Mr. Shaman]

Us Credit rating dowgraded.

Its the victim of nearly 50 years of mismanagment by the duelopoly.

Gee.....how profound.

 

[whitehall]

But Congressional Republicans deserve much more of the blame. For this calamity was entirely man-made -- even intentional. The contemporary Republican Party is fixated on taxes. It possesses an iron-clad belief that the existing tax rates should never go up, that loopholes shouldn't be closed unless they're offset by other tax reductions, that the fact that hedge fund managers pay lower tax rates than school teachers makes complete sense, that a reversion to the tax rates of the prosperous 1990's or 1980's would be unacceptable.

In the past two years, this attitude has combined with a general hostility to playing ball with Democrats on large legislative issues, a near-blanket refusal to conduct business with President Obama, and, since the arrival of the raucous Tea Party freshman, a cavalier attitude toward the nation's obligations. It was common to hear duly elected legislators argue that it wouldn't be a big deal if the government were to pierce the debt ceiling and default on its debts.

Top Congressional Republicans have expressed a desire to deny victories to the president.

Is the U.S. Credit Rating a Victim of GOP Sabotage? | Daniel Gross - Yahoo! Finance

.

Keep thinkin that way goose. Life is much easier when you can blame the other guy. Democrats were in charge when Fannie Mae collapsed. Democrats were holding hearings about steroid use in Baseball while the financial sector was in big trouble. The House banking chairman amazingly told his constituents that he had "ideological blinders on" when Fannie went under while he was telling Americans that Fannie was solvent. Barney Frank should be indicted for his role in Fannie's collapse but republicans are too timid and democrats think it was the right thing to do just before the election.

 

[Neotrotsky]

Yes indeed

Papa Obama can run the man who brought you
the first downgrade and unemployment

the left should Run with it

so you rather lie like a partisan hack instead of promote the truth?
S&P plainly stated it was an issue with both parties not being able to strike a deal that lead to a downgrade.

On tpo of that you have 70%+ saying our government acted like children. Thats not just one side, thats the whole lot of them.

You dont have aleg to stand on, so you are spamming threads trying to put blame on Obama and the dems, when the reality is everyone is to blame here.

Of course, and your posts are worthy of inclusion to the Federalist Papers
for their unbiased view


The difference is I am more honest and do not try to play "let's be balanced" game when it suits my needs, as you do





S&P also said

In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

Standard & Poor’s takes no position on the mix of spending and revenue measures that Congress and the Administration might conclude is appropriate for putting the U.S.’s finances on a sustainable footing.

​

 

[Mr. Shaman]

GOP sabotage? Look at the Debt chart, then recall who extended the Bush Tax cuts.

.....Because, Republicans insisted-upon-it, if Obama wanted to extend Unemployment Comp....and, I don't remember all-that-many Mom & Pop stores complaining about their customer-base being helped-out.​