America's credit rating cut by Moody.

[Meister]

Trump's ignorant cult is trying to blame Biden for the entire $36 trillion debt which has led to this downgrade.

Of course, they ignore Trump's contribution of $8 trillion to the debt in his first term, which took him half the time it took Obama.

No they're not, the debt went crazy before Trump and Biden. But, the spending Bills passed
under Biden was sure a slap in the face to all Americans.
I find it funny how you left dimwits always leave out detailed facts, like
how the 'pandemic' and closing the entire economy is always left out
of your conversations. Funny that.

Idiot

 

[John Edgar Slow Horses]

Like I said I'll check out the reason it was done. This is the first I heard about it, you loons exaggerate and lie.

Gaslighting. The following will help you.

 

[jknowgood]

Gaslighting. The following will help you.

View attachment 1113092

Lol, we can blame congress for our debt of over 40 years for our credit rating.

 

[John Edgar Slow Horses]

Then do that. But you have Cheney saying deficits do not matter, and Trump wanting a 5T$ increase in it for his "big, beautiful bill."

 

[ThisIsMe]

There was no Biden recession.

Moody’s took one look at the “big beautiful (deficit) bill” and the failure of DOGE and decided things aren’t getting any better.

Sure there was a recession. You all just refuse to call it that, but by the definition used long into the past, it was a recession.

And we've had 2 credit downgrades before trump..this isn't " the first time in a century" that everyone keeps saying.

 

[ThisIsMe]

Bessent tried to blame Biden for this downgrade yesterday.

He completely gaslighted the audience to the fact Moody's blamed "successive administrations".




There was no recession under Biden.

You've been gaslighted. Again.

Lol, no, you all just refuse to call it a recession, when the same criteria has been used to call recessions in the past.

 

[Marener]

Sure there was a recession. You all just refuse to call it that, but by the definition used long into the past, it was a recession.

And we've had 2 credit downgrades before trump..this isn't " the first time in a century" that everyone keeps saying.

No, there was no recession. GDP was only negative in Q1 2022.

The point is that Moody's doesn't buy the Trump spin.

 

[John Edgar Slow Horses]

Sure there was a recession. You all just refuse to call it that, but by the definition used long into the past, it was a recession.

And we've had 2 credit downgrades before trump..this isn't " the first time in a century" that everyone keeps saying.

Your opinion is not the standard used to determine what is a recession.

 

[ThisIsMe]

No, there was no recession. GDP was only negative in Q1 2022.

The point is that Moody's doesn't buy the Trump spin.

https://www.npr.org/2022/07/28/1113649843/gdp-2q-economy-2022-recession-two-quarters

The point is that we were downgraded twice before. This isn't the first time in a century.

 

[Marener]

https://www.npr.org/2022/07/28/1113649843/gdp-2q-economy-2022-recession-two-quarters

The point is that we were downgraded twice before. This isn't the first time in a century.

First time in a century for Moody's, which is what they're saying.

 

[ThisIsMe]

Your opinion is not the standard used to determine what is a recession.

A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth indicate a recession.

Recession: Definition, Causes, Examples and FAQs

A recession is a significant decline in economic activity that lasts longer than a few months.

www.investopedia.com

That has been the definition used up until recently when they started to change the definition.

 

[Marener]

Recession: Definition, Causes, Examples and FAQs

A recession is a significant decline in economic activity that lasts longer than a few months.

www.investopedia.com

That has been the definition used up until recently when they started to change the definition.

A "rule of thumb" is not a definition. Those are different things.

Also, there was only 1 quarter of negative GDP growth for Biden. The other negative quarter was revised up and became positive.

 

[ThisIsMe]

First time in a century for Moody's, which is what they're saying.

US completely loses perfect credit rating for first time in over a century

The Moody's announcement follows similar actions from Fitch and S&P in recent years and could result in higher borrowing costs.

www.newsweek.com

Headline is misleading.

Still, that moodys downgraded us is no more important than Fitch or S&P.

 

[Marener]

US completely loses perfect credit rating for first time in over a century

The Moody's announcement follows similar actions from Fitch and S&P in recent years and could result in higher borrowing costs.

www.newsweek.com

Headline is misleading.

Still, that moodys downgraded us is no more important than Fitch or S&P.

Depends on who you ask as to whose is most important. No matter what, each downgrade is significant.

This shows that Moody's doesn't buy Trump's bullshit.

 

[John Edgar Slow Horses]

Recession: Definition, Causes, Examples and FAQs

A recession is a significant decline in economic activity that lasts longer than a few months.

www.investopedia.com

That has been the definition used up until recently when they started to change the definition.

You are saying they can't change it. OK. Let us see how far that will fly.

 

[ThisIsMe]

A "rule of thumb" is not a definition. Those are different things.

Also, there was only 1 quarter of negative GDP growth for Biden. The other negative quarter was revised up and became positive.

Revised up by who? Got a link for that?

And the "rule of thumb" has what we've used up until biden.

Most commentators and analysts use, as a practical definition of recession, two consecutive quarters of decline in a country’s real (inflation-adjusted) gross domestic product (GDP)

Finance & Development

www.imf.org

For biden, they are altering the definition.

 

[ThisIsMe]

Depends on who you ask as to whose is most important.

But of course. Ask any democrat and they'll tell you that THIS downgrade is most important...

No matter what, each downgrade is significant.

This shows that Moody's doesn't buy Trump's bullshit.

So then SP didn't buy obamas bullshit and Fitch didn't buy bidens bullshit?

 

[ThisIsMe]

You are saying they can't change it. OK. Let us see how far that will fly.

I'm saying, when it applied to biden, suddenly the definition had new qualifications attached to it

 

[John Edgar Slow Horses]

Revised up by who? Got a link for that?

And the "rule of thumb" has what we've used up until biden.

Most commentators and analysts use, as a practical definition of recession, two consecutive quarters of decline in a country’s real (inflation-adjusted) gross domestic product (GDP)

Finance & Development

www.imf.org

For biden, they are altering the definition.

I bet you are using your 'rule of thumb.'

 

[ThisIsMe]

I bet you are using your 'rule of thumb.'

Revised up by who??? It's not my rule, its what we went by, until biden, then dems were like noooo its not a recession for him!