Obama on the Downlow: US Credit Rating Lowered

Discussion in 'Politics' started by alaphiah, Aug 8, 2011.

  1. alaphiah
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    alaphiah Member

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    S&P decided to lower the AAA rating, held by the United States for 70 years, to AA+ after a bipartisan debt deal signed into law this week failed to assuage concerns about the nation’s growing spending. -- Zachary A. Goldfarb

    Democrats prevented the spending cuts needed to avert the lowering of the U.S. credit rating. Thus, for the first time in America’s history the U.S. good faith and credit is called into question under president Barry Hussein Soetoro and the Democrat controlled Senate. Democrats were wrong and House Republicans were right. (see story)

    Typically, the term “on the downlow” is reserved for guys who sneak around, and hide abnormal activities from girlfriends. Read more... Creating Orwellian Worldview
     
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  2. Wry Catcher
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    Wry Catcher Platinum Member

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    As previously noted you're a failure as a troll. Everyone who has followed the debt ceiling debate knows the crisis was manufactured by the radical Republicans as a gambit, hoping in doing so to take an advantage in the political arena. That too appears to have failed. Only the real crazy fringe who lean Republican don't know it.
     
  3. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    The sad thing is... Obama probably doesn't give a shit other than for the flack he will catch.... now, certainly not from PMSNBC, ABC, CBS, NBC or CNN.
     
  4. waltky
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    waltky Wise ol' monkey Supporting Member

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    Looks like we're gonna have our 'lost decade'...
    :eek:
    S&P executive says it could take over a decade to restore US credit rating
    08/07/11 - John Chambers, the chairman of Standard & Poor’s sovereign debt ratings, on Sunday estimated that it could take 9-18 years for the nation to regain its AAA credit rating.
    See also:

    Granny says, "Dat's right - it's all S&P's fault...

    S&P has no business downgrading US bond rating
    August 8, 2011 - When and how America brings down its debt shouldn't matter to Standard & Poor’s. The ratings agency wasn't doing its job in 2008, when it gave Wall Street's riskiest securities a AAA rating, and it's not doing its job now by hurting the US economy with an unnecessary downgrade.
     
    Last edited: Aug 8, 2011

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