obama gets our credit downgraded for a second time

Discussion in 'Politics' started by Katzndogz, Sep 14, 2012.

  1. Katzndogz
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    Katzndogz Diamond Member

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    Egan-Jones downgrades U.S. rating on QE3 move - MarketWatch

    SAN FRANCISCO (MarketWatch) -- Egan-Jones Ratings Co. said Friday it downgraded its U.S. sovereign rating to AA- from AA on concerns that the Fed's new round of quantitative easing, or QE3, will hurt the U.S. economy. The ratings agency said the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar, and raises the price of commodities.
     
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  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Bush's fault.

    Has to be.
     
  3. AmyNation
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    AmyNation Road Warrior Supporting Member

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    Not good for Obamas reelection chances.
     
  4. Katzndogz
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    Katzndogz Diamond Member

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    Just this morning Bernake's act of making our money even more worthless than it already is was hailed as genius.
     
  5. Conservative
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    Conservative Type 40

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    There is an awful lot of shit going on recently... none of it good for anyone, especially the President.

    Two credit downgrades under one mans watch. wow.
     
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  6. Bigfoot
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    Bigfoot NRA

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    ..and yet they devalue our currency even more. What are these amateurs in the Whitehouse thinking?
     
  7. Moonglow
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    Moonglow Diamond Member

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    trade imbalance, lower dollar equals more exports.
     
  8. Katzndogz
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    Katzndogz Diamond Member

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    You keep thinking that.
     
  9. ScreamingEagle
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    ScreamingEagle Gold Member

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    as long as it helps reelect Obama......:rolleyes:
     
  10. Rocko
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    Rocko Gold Member

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    The dow is up 50. This means nothing.
     

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