Merged Credit downgrade threads

Discussion in 'Politics' started by Neotrotsky, Aug 5, 2011.

  1. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    CNBC: Papa Obama and the Left's policies might cause S&P Downgrade

    US Government Bracing for ‘Imminent’ Downgrade: CNBC

    Kate Kelly just reported on CNBC that the government is bracing for an S&P downgrade, possibly as soon as today.​
    Stock-market futures aren’t budging on this report, but the 10-year Treasury note’s yield is up to 2.57% from a close at 2.52% 2.55%.

    merge with existing threads on topic
     
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  2. WillowTree
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    WillowTree Diamond Member

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    Yay dimocrats.
     
  3. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    They have been warning them for some time
    Back in April after Papa Obama releases his radical budget
    with no cuts but plenty of spending and more deficits

    You know the one that even the Senate voted down
    97 to 0 in May
    because of it being so radical and the bad S&P report


    April 19, 2011: 8:20 AM ET
    U.S. credit rating outlook lowered by S&P

    NEW YORK (CNNMoney) -- The United States is at risk of having its pristine credit rating lowered if politicians in Washington cannot agree on a plan to bring down the nation's deficits over the long term, ratings agency Standard & Poor's said Monday.

    S&P, one of the three main agencies that rate the ability of companies and sovereign nations to repay their debts, lowered its outlook for America's long-term credit rating to "negative" from "stable."
     
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    Last edited: Aug 5, 2011
  4. toxicmedia
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    toxicmedia Gold Member

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    You need a fresh insult for Democrats. :razz:
     
  5. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    and the Democrats need some less stale policies that continue not to work

    :eusa_whistle:
     
  6. LibocalypseNow
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    LibocalypseNow Senior Member

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    We have a bleak future for sure. They did nothing to address our Debt Nightmare. Another horrible collapse is coming.
     
  7. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    The burden of Papa ObamaCare should be taken
    off the backs of the people and businesses so
    the economy could grow more

    But, being a faux legacy for Papa Obama
    the Left will fight it

    "Pride goeth before destruction, and an haughty spirit before a fall"
     
  8. Full-Auto
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    Full-Auto Gold Member

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    I have read some stories on this earlier today. The democrats are already lining up the excuses to use against the TEA PARTY.
     
  9. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    don't forget

    racism

    the Left will have to work that in somehow as well
     
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  10. Full-Auto
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    My bad. :lol::lol:
     
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