Merged Credit downgrade threads

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%.​

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



In the words of Papa Obama's former pastor of 20 years

the "chickens are coming home to roost"

for the Democrats
 
The people will bame the Tea Party for this, correctly.






I suggest you return to Arrakis. It's a planet more suited to your fevered imagination.
 
I do enjoy it when people pretend that Republicans and more than that, the minority in the Republican house held the country hostage over a bill they said would still get our credit downgraded... then the Tea Party gets proven right.

Again, this is if it is true… No links!
 
I think we ahve the same rating that Moodys gave the junk mortgage packages so we have nothing to worry about. We will bail ourselves out.
 
Won't you right-wing nutters be surprised by S&P's justification for the downgrade. Will you accept the reasoning?
 

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