obama gets our credit downgraded for a second time

[Katzndogz]

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.

 

[CrusaderFrank]

Bush's fault.

Has to be.

 

[AmyNation]

Not good for Obamas reelection chances.

 

[Katzndogz]

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

 

[Conservative]

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.

 

[Bigfoot]

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

 

[Moonglow]

trade imbalance, lower dollar equals more exports.

 

[Katzndogz]

trade imbalance, lower dollar equals more exports.

You keep thinking that.

 

[ScreamingEagle]

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.

as long as it helps reelect Obama......

 

[Rocko]

The dow is up 50. This means nothing.

 

[Rocko]

trade imbalance, lower dollar equals more exports.

What does that have to do with getting downgraded??

 

[SniperFire]

Prezdint Downgrade strikes again!

 

[Katzndogz]

trade imbalance, lower dollar equals more exports.

What does that have to do with getting downgraded??

He thinks inflation is the same thing as devaluation. It's not.

 

[Katzndogz]

The dow is up 50. This means nothing.

It means that there is a lot of trading against the dollar.

 

[Dr.House]

0bama - a record setting president...

Can't wait until he's gone in January....

 

[Liberal]

First downgrade was because the congress-critters would not get along and come up with a viable way to reduce the deficit.

This one is for what fed did, it has nothing to do with Obama.

Stop placing blame on the wrong people

 

[Katzndogz]

obama told Bernake to print up more worthless money because he is trying to buy the election.

 

[Too Tall]

Not good for Obamas reelection chances.

I think Obama staged the Embassy riots to keep the credit downgrade off of the front page.

just kidding

 

[Liberal]

obama told Bernake to print up more worthless money because he is trying to buy the election.

You got a copy of that memo?

 

[Rocko]

The dow is up 50. This means nothing.

It means that there is a lot of trading against the dollar.

no it doesn't. It's some ratings agency nobody's ever heard of. It means nothing.