- Apr 11, 2023
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- #81
What rule of thumb? There was no recession.
America's credit rating cut by Moody.
- Thread starter John Edgar Slow Horses
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What rule of thumb? There was no recession.
Frankenstein
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- Oct 28, 2022
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Moody's is most likely directed by the WEF and the WEF wants America to fail for the great reset
martybegan
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is that your line for everyone, you poseur hack?
Marener
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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.
It’s called a rule of thumb because it usually works. It doesn’t always work.
We just had a negative GDP report but it’s not because the economy is contracting. There are limitations.
Marener
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Obama and Biden didn’t make a big show about eliminating the deficit.
- Apr 11, 2023
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- #86
I bet you are. You sound old and doddering. Getting our credit rating cut because of Trump's irresponsibility is just upsetting.
martybegan
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This has nothing to do with what Trump is trying to do, move like this take months to process.
- Dec 16, 2017
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But they both had credit downgrades. Lol, why are you all tying yourselves in knots to try and deflect the truth. Trump isn't the only one to have a credit downgrade on his watch. Just say "ok" and move on...
- Dec 16, 2017
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Its always been understood, 2 quarters of negative gdp is a recession...up until biden. Now you all want to say. "Weeelllllll there are OTHER things to consider"
Why change it with biden? Did any other president get the benefit of having additional qualifications? Seems like all of them were assigned a recession based on 2 qtrs of negative gdp
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Marener
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Didn’t Trump make big huge promises about ending the deficit? Isn’t that what DOGE was all about?
- Dec 16, 2017
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Of course not wink wink . Every other president was judged by the old definition...until biden comes along..."oooh, we have to change the definition!"
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If you can support that theory go for it. Unless you can do that, I say 'fake analysis' made up to support serious TDS maybe?
Some of us actually followed the news during that period and read the reasons for the credit downgrades. Trump was not mentioned in either the Obama or Biden Administrations. And both downgrades occurred due to the current administration's policies after their first fiscal year began.
Under Trump 45, America's credit rating was restored to AAA
Trump 47 first fiscal year won't begin until October 1 and most honorable economists are calling Moody's downgrade partisan propaganda since Trump 47 has not yet signed any tax policy into law yet.
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- Dec 16, 2017
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Why are you going somewhere else? We're talking about credit downgrades. 3 of them...two of which happened on democrats watch; but THIS one, because it was a repub...it's a big deal!!
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- Apr 11, 2023
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- #94
Why are MAGA trying to deflect from Trump's economic mismanagement? Treason!
Marener
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It’s quite related. If Moody’s believed Trump, they wouldn’t have downgraded us.
But we both know Trump is going to make the deficit explode.
- Apr 11, 2023
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- #96
You saying 'fake analysis' fails to prove me wrong.
- Dec 16, 2017
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Great, so they don't believe trump. Why are you all making a big deal out of this compared to the last two?
Also, their downgrade wasn't just about trump:
Their decision is reflective of more than 10 years of problems.
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That is true. But your saying something about something doesn't make you right either. Especially when you cannot support it with any credible source. I provided credible links to support my opinion.
- Apr 11, 2023
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- #99
Yes, you proved links, but I doubt they support your opinion, any more than my none links support mine. I think we are batting opinions around.
CallTheCobra
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When Trump, Musk and others try to right the ship, Moody's fires another torpedo.
One wonders which side Moody's is on, the side of those trying to wreck America. In reality, Moody's should have put America on watch under Obama, possibly even W... when nobody was doing anything but running up our debt.
One wonders which side Moody's is on, the side of those trying to wreck America. In reality, Moody's should have put America on watch under Obama, possibly even W... when nobody was doing anything but running up our debt.
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