John Chambers, S&P - "no confidence in the leadership in America".

Discussion in 'Economy' started by iamwhatiseem, Aug 8, 2011.

  1. iamwhatiseem
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    iamwhatiseem Gold Member

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    Just on Fox...reasons for downgrading America.

    1) Politics - "The American President said our government is dysfunctional, that is a pretty good word to use to describe the lack of confidence that anything passed would be binding".
    2) Debt to GDP has quadrupled, long term trajectories show a clear inability to pay debts.

    In other words - the U.S. Government is failing the American people, and there is no confidence that this will change anytime in the near future.
     
  2. B. Kidd
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    B. Kidd Gold Member

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    Moody's ready to jump on the downgrade bandwagon.
     

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