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Obama and Liberal Majority FACILITATE 1ST EVER CREDIT RATING DOWNGRADE
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jackconrad Offline
#1 Posted: Fri, Aug 5 2011, 11:48 PM EST
Joined: 06-09-2003
Posts: 67,461
NOW THAT'S WHAT I CALL CHANGE !
ZRX1200 Offline
#2 Posted: Sat, Aug 6 2011, 12:04 AM EST
Joined: 07-08-2007
Posts: 60,628
YES WE CAN!




YES THEY DID!
donutboy2000 Offline
#3 Posted: Sat, Aug 6 2011, 12:16 AM EST
Joined: 11-20-2001
Posts: 25,000



Repeat after me: Obama is the mindless puppet of

George Soros

and has exacerbated the global economic crisis!
robertknyc Offline
#4 Posted: Sat, Aug 6 2011, 12:34 AM EST
Joined: 07-24-2003
Posts: 5,475
I can't wait to see how the libs will try to defend this. We are watching a disaster in progress.
ZRX1200 Offline
#5 Posted: Sat, Aug 6 2011, 12:40 AM EST
Joined: 07-08-2007
Posts: 60,628
Robert...operation "blame the teaparty" is in full efffect.
robertknyc Offline
#6 Posted: Sat, Aug 6 2011, 1:03 AM EST
Joined: 07-24-2003
Posts: 5,475
Yah. even though the GOP/Tea Party tried to pass a balanced budget amemndment. Unbelievable.
ZRX1200 Offline
#7 Posted: Sat, Aug 6 2011, 1:09 AM EST
Joined: 07-08-2007
Posts: 60,628
Yeah they're terrorists!
DadZilla3 Offline
#8 Posted: Sat, Aug 6 2011, 3:10 AM EST
Joined: 01-17-2009
Posts: 4,633
From BBC News: US loses AAA credit rating after S&P downgrade

Quote:
One of the world's leading credit rating agencies, Standard & Poor's, has downgraded the United States' top-notch AAA rating for the first time ever.

S&P cut the long-term US rating by one notch to AA+ with a negative outlook, citing concerns about budget deficits.

The agency said the deficit reduction plan passed by the US Congress on Tuesday did not go far enough.

Correspondents say the downgrade could erode investors' confidence in the world's largest economy.

It is already struggling with huge debts, unemployment of 9.1% and fears of a possible double-dip recession.


http://www.bbc.co.uk/news/world-us-canada-14428930
borndead1 Offline
#9 Posted: Sat, Aug 6 2011, 9:28 AM EST
Joined: 11-07-2006
Posts: 5,216
Weren't they threatening to downgrade the credit rating if the government DIDN'T raise the debt ceiling?

Yooz guys gotta stop looking at things from a "liberal vs. conservative" viewpoint. What will it take for you to realize you're being conned by both parties? "Liberals" aren't liberal and "Conservatives" aren't conservative. They're all a bunch of globalist hacks. Behind closed doors they're all on the same team.
ZRX1200 Offline
#10 Posted: Sat, Aug 6 2011, 9:59 AM EST
Joined: 07-08-2007
Posts: 60,628
Borndead1 I think everyone here pretty much is in agreement with you. FuzzyNJ just brings out the "best" in everyone.
FuzzNJ Offline
#11 Posted: Sat, Aug 6 2011, 10:01 AM EST
Joined: 06-28-2006
Posts: 13,000
ZRX1200 wrote:
Borndead1 I think everyone here pretty much is in agreement with you. FuzzyNJ just brings out the "best" in everyone.


Awww, can't handle opinions so blame me.
DadZilla3 Offline
#12 Posted: Sat, Aug 6 2011, 10:18 AM EST
Joined: 01-17-2009
Posts: 4,633
Sing along, brothers and sisters

http://www.youtube.com/watch?v=kQvmCzILBfE

People all over the world (everybody)
Join hands (join)
Start a debt train, debt train
People all over the world (all the world, now)
Join hands (debt ride)
Start a debt train (debt ride), debt train
The next stop that we make will be debt
Tell all the folks in Russia, and China, too
Don't you know that it's time to get on board
And let this train keep on riding, riding on through
Well, well
People all over the world (you don't need no money)
Join hands (come on)
Start a debt train, debt train (don't need no ticket, come on)
People all over the world ( ride this train)(Ride this train, y'all)
Start a debt train (Come on, train), debt train
All of you brothers over in Africa
Tell all the folks in Egypt, and Israel, too
Please don't miss this train at the station
'Cause if you miss it, I feel sorry, sorry for you
Well
People all over the world (Sisters and brothers)
Join hands (join, come on)
Start a debt train (ride this train, y'all), debt train (Come on)
People all over the world (Don't need no tickets)
Join hands (come on, ride)
Start a debt train, debt train
Ride, let it ride
Let it ride
Let it ride
People, ain't no jobs
People all over the world (on this train)
Join in (ride the train)
Start a debt train, debt train (ride the train, y'all)
People all over the world (come on)
Join hands (you can ride or stand, yeah)
Start a debt train, debt train (makin' love)
People all over the world ('round the world, y'all)
Join hands (come on)
Start a debt train, debt train
robertknyc Offline
#13 Posted: Sun, Aug 7 2011, 5:03 PM EST
Joined: 07-24-2003
Posts: 5,475
Dow futures just opened, currently down 256...my short position is looking good.
ZRX1200 Offline
#14 Posted: Sun, Aug 7 2011, 5:11 PM EST
Joined: 07-08-2007
Posts: 60,628
Impossible!
rfenst Offline
#15 Posted: Sun, Aug 7 2011, 9:54 PM EST
Joined: 06-23-2007
Posts: 39,360
Perhaps the downgrade wasn't due to an increase in the debt ceiling or how close to the deadline the increase was passed and was signed, but instead simply the inability for U.S. politicians to get along well enough to ever really make a difference at getting anything done. Any how, our situation is nothing new and the downgrade comes as no surprise. The writing has been on the wall for a long time.
donutboy2000 Offline
#16 Posted: Sun, Aug 7 2011, 11:33 PM EST
Joined: 11-20-2001
Posts: 25,000
Gold $1704 !
jackconrad Offline
#17 Posted: Mon, Aug 8 2011, 12:24 AM EST
Joined: 06-09-2003
Posts: 67,461
Robert your a good guy, Isn't it about time you quit wasting the effort to try to justify the job the Dolt Obama has done . Move on and move up.
DadZilla3 Offline
#18 Posted: Mon, Aug 8 2011, 1:46 AM EST
Joined: 01-17-2009
Posts: 4,633
donutboy2000 wrote:
Gold $1704 !

A 'barbarous relic' from the primitive times when people considered a certain yellow metal dug up out of the dirt to be valuable.

We've advanced beyond that...now we deem fancy pieces of paper and computer keystrokes to be valuable. d'oh!
Gene363 Offline
#19 Posted: Mon, Aug 8 2011, 5:35 AM EST
Joined: 01-24-2003
Posts: 30,838

USA Redlined! Call Jessie and Al!
TMCTLT Offline
#20 Posted: Mon, Aug 8 2011, 8:29 AM EST
Joined: 11-22-2007
Posts: 19,733
rfenst wrote:
Perhaps the downgrade wasn't due to an increase in the debt ceiling or how close to the deadline the increase was passed and was signed, but instead simply the inability for U.S. politicians to get along well enough to ever really make a difference at getting anything done. Any how, our situation is nothing new and the downgrade comes as no surprise. The writing has been on the wall for a long time.



My understanding was this: Several economist's said...if they (the FED's) didn't cut their deficit spending budget by 4T dollars we WOULD slide into a less than perfect AAA rating. Well they only cut 1.7 or something paltry like that so we were downgraded to AA+. Then they turn around and spend the bulk of the funds that the raise in ceiling gave them in ONE DAY!! They're addicted to taxpayer monies like a crack addict to Crack......

They ALL need to loose their jobs in NOV. Every stinking one of them.
HockeyDad Offline
#21 Posted: Mon, Aug 8 2011, 9:07 AM EST
Joined: 09-20-2000
Posts: 46,163
TMCTLT wrote:
Then they turn around and spend the bulk of the funds that the raise in ceiling gave them in ONE DAY!!



Well, it was a REALLY GOOD day!
DrMaddVibe Offline
#22 Posted: Mon, Aug 8 2011, 9:14 AM EST
Joined: 10-21-2000
Posts: 55,507
HockeyDad wrote:
Well, it was a REALLY GOOD day!



Oh, my aching sides from LMAO!!!Frying pan
Papachristou Offline
#23 Posted: Mon, Aug 8 2011, 9:21 AM EST
Joined: 10-20-2010
Posts: 845
borndead1 wrote:
Weren't they threatening to downgrade the credit rating if the government DIDN'T raise the debt ceiling?

Yooz guys gotta stop looking at things from a "liberal vs. conservative" viewpoint. What will it take for you to realize you're being conned by both parties? "Liberals" aren't liberal and "Conservatives" aren't conservative. They're all a bunch of globalist hacks. Behind closed doors they're all on the same team.


yep, you are spot on here. Each party takes part in an "act" for the public, when their act is over, they drink JB Blue together, have strippers over and laugh about us!

rfenst wrote:
Perhaps the downgrade wasn't due to an increase in the debt ceiling or how close to the deadline the increase was passed and was signed, but instead simply the inability for U.S. politicians to get along well enough to ever really make a difference at getting anything done. Any how, our situation is nothing new and the downgrade comes as no surprise. The writing has been on the wall for a long time.



yes, i wonder if investors really needed S&P to tell them the USA couldnt pay its debts? really, is this news? we added $4 trillion to our debt in just 2.5 years lol.
Kawak Offline
#24 Posted: Mon, Aug 8 2011, 11:32 AM EST
Joined: 11-26-2007
Posts: 4,025
You can't blame Barry. He inherited a 5% unemployment rate and AAA rating. This has to be Bush's fault!
Gene363 Offline
#25 Posted: Mon, Aug 8 2011, 12:05 PM EST
Joined: 01-24-2003
Posts: 30,838
Kawak wrote:
You can't blame Barry. He inherited a 5% unemployment rate and AAA rating. This has to be Bush's fault!


True, and I'd laughing if I wasn't crying.
pgje51 Offline
#26 Posted: Mon, Aug 8 2011, 12:31 PM EST
Joined: 01-13-2006
Posts: 5,013
Will my AAA Membership still work? or or Do I have to tow my own vehicles now?
JadeRose Offline
#27 Posted: Mon, Aug 8 2011, 3:26 PM EST
Joined: 05-15-2008
Posts: 19,525
You guys that continue to blame this on "liberals" or "conservatives" are high. I will not vote for a single incumbent NOR will I vote for a member of either party in the next election.
robertknyc Offline
#28 Posted: Mon, Aug 8 2011, 3:32 PM EST
Joined: 07-24-2003
Posts: 5,475
Good luck having your candidate elected!
rfenst Offline
#29 Posted: Mon, Aug 8 2011, 3:46 PM EST
Joined: 06-23-2007
Posts: 39,360
jackconrad wrote:
Robert your a good guy, Isn't it about time you quit wasting the effort to try to justify the job the Dolt Obama has done . Move on and move up.




I appreciate that you don't care for Obama, but how in the hell can you rationally interprett my post to be a justification for the job "Obama has done"?
rfenst Offline
#30 Posted: Mon, Aug 8 2011, 3:48 PM EST
Joined: 06-23-2007
Posts: 39,360
JadeRose wrote:
You guys that continue to blame this on "liberals" or "conservatives" are high.


+1
JadeRose Offline
#31 Posted: Mon, Aug 8 2011, 3:54 PM EST
Joined: 05-15-2008
Posts: 19,525
robertknyc wrote:
Good luck having your candidate elected!


I don't have any candidates. I just know that NONE of the idiots currently running will get my vote. The lunatic fringe of both "sides" have taken over politics. The silent, fed-up majority have got to reclaim this country.
robertknyc Offline
#32 Posted: Mon, Aug 8 2011, 4:06 PM EST
Joined: 07-24-2003
Posts: 5,475
Jade, my point is, if you don't vote for a candidate affiliated with a major party they're not going to get elected and your vote is effectively worthless. Voting often comes down to the picking the lesser of two evils.

How will the silent, fed-up majority reclaim the country. I think that's what the Tea Party is trying to do.
HockeyDad Offline
#33 Posted: Mon, Aug 8 2011, 4:12 PM EST
Joined: 09-20-2000
Posts: 46,163
We globalists control both parties.
borndead1 Offline
#34 Posted: Mon, Aug 8 2011, 5:27 PM EST
Joined: 11-07-2006
Posts: 5,216
robertknyc wrote:
Jade, my point is, if you don't vote for a candidate affiliated with a major party they're not going to get elected and your vote is effectively worthless.


That's exactly what they want you to think.

When you vote for president, there are like 7 motherf**kers running for president. Why aren't any of them allowed in the debates?
HockeyDad Offline
#35 Posted: Mon, Aug 8 2011, 5:42 PM EST
Joined: 09-20-2000
Posts: 46,163
borndead1 wrote:
That's exactly what they want you to think.

When you vote for president, there are like 7 motherf**kers running for president. Why aren't any of them allowed in the debates?





Because we globalists control everything.
borndead1 Offline
#36 Posted: Mon, Aug 8 2011, 5:54 PM EST
Joined: 11-07-2006
Posts: 5,216
HockeyDad wrote:
Because we globalists control everything.



HockeyDad. The evil voice of reason.
ZRX1200 Offline
#37 Posted: Mon, Aug 8 2011, 6:03 PM EST
Joined: 07-08-2007
Posts: 60,628
Vote present!
JadeRose Offline
#38 Posted: Mon, Aug 8 2011, 6:26 PM EST
Joined: 05-15-2008
Posts: 19,525
robertknyc wrote:
Jade, my point is, if you don't vote for a candidate affiliated with a major party they're not going to get elected and your vote is effectively worthless. Voting often comes down to the picking the lesser of two evils.

How will the silent, fed-up majority reclaim the country. I think that's what the Tea Party is trying to do.



The Tea Party are as big a bunch of nut jobs as Pelosi and all her ilk. Buncha sad ass old cornfed white men who are worried about married homasexshuls and Mexicans takin their Murican Jobs. Their candidates are a psycho, crazy-eyes broad who is more worried about "the sanctity of marriage" and Jesus than fiscal policy and a token pizza making Negro. Who else is there? Palin? Please. Mitt? Nope. Ron Paul? Maybe....I wish he would just declare himself an Independent and REALLY tell us what he thinks. ANY of the rest of these idiots? Nope. Obama? Nope....I voted for him...he fuqed it up. Fail. Regardless of whether my "vote counts", I cannot and won't vote for these clowns. We need a real leader with a pair of brass ones. And not just somebody who will come in cut all taxes down to nothing. We need hard decisions. We need infrastructure....we need to get out of these ridiculous wars. WE NEED TO QUIT GIVING AID TO ALL (yes..even Israel) foreign Governments. We need someone who will jerk the chain of Congress and get them *****ers in line. That person has not shown themselves yet. I pray that this person comes along.......soon.


Besides.....I DID vote for the lesser of 2 evils last time. Yeah.......that worked out, huh? If you think Ol' Arizona Flip-Flop and the Moose Mother woulda been any different, I got some great property for ya.
DadZilla3 Offline
#39 Posted: Mon, Aug 8 2011, 6:26 PM EST
Joined: 01-17-2009
Posts: 4,633
Gene363 wrote:
USA Redlined! Call Jessie and Al!

Sounds like it's high time we call out the 'civilian national security force that’s just as powerful, just as strong, just as well-funded' as the US military.
donutboy2000 Offline
#40 Posted: Mon, Aug 8 2011, 10:28 PM EST
Joined: 11-20-2001
Posts: 25,000
Gold $1,756 !!
robertknyc Offline
#41 Posted: Tue, Aug 9 2011, 11:55 AM EST
Joined: 07-24-2003
Posts: 5,475
JadeRose wrote:

Besides.....I DID vote for the lesser of 2 evils last time. Yeah.......that worked out, huh? If you think Ol' Arizona Flip-Flop and the Moose Mother woulda been any different, I got some great property for ya.



If you think McCain would have spent money like Obama has, and made the dumb decisions on foreign policy like Obama has then I question your intelligence and/or powers of critical thinking.
Stinkdyr Offline
#42 Posted: Tue, Aug 9 2011, 2:08 PM EST
Joined: 06-16-2009
Posts: 9,948
JadeRose wrote:
You guys that continue to blame this on "liberals" or "conservatives" are high. I will not vote for a single incumbent NOR will I vote for a member of either party in the next election.



Welcome to the Libertarian party.........we have been expecting you.


Applause
HockeyDad Offline
#43 Posted: Tue, Aug 9 2011, 2:19 PM EST
Joined: 09-20-2000
Posts: 46,163
Libertarians = pothead Republicans
ZRX1200 Offline
#44 Posted: Tue, Aug 9 2011, 2:25 PM EST
Joined: 07-08-2007
Posts: 60,628
Jaderose = Logcabin Republican
Papachristou Offline
#45 Posted: Tue, Aug 9 2011, 5:10 PM EST
Joined: 10-20-2010
Posts: 845
ZRX1200 wrote:
Vote present!


I heard obama was pissed when he found out he couldnt do that anymore after becoming potus!
Gene363 Offline
#46 Posted: Tue, Aug 9 2011, 5:47 PM EST
Joined: 01-24-2003
Posts: 30,838
DadZilla3 wrote:
Sounds like it's high time we call out the 'civilian national security force that’s just as powerful, just as strong, just as well-funded' as the US military.


He compromised on that too.
drywalldog Offline
#47 Posted: Tue, Aug 9 2011, 5:56 PM EST
Joined: 06-19-2007
Posts: 5,536
“We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.”
Anybody know where this came from. I'll give you a hint it was on page four.
HockeyDad Offline
#48 Posted: Tue, Aug 9 2011, 6:43 PM EST
Joined: 09-20-2000
Posts: 46,163
It came from here:

“Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.”

It is taken out of context and making the waves of Democrat blogs. They don't mention this one:

“We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process.”
HockeyDad Offline
#49 Posted: Tue, Aug 9 2011, 6:45 PM EST
Joined: 09-20-2000
Posts: 46,163
Some would actually argue that this is one of the fundamental flaws in S&P's downgrade. They assume the tax cuts will remain in place but the reality is they will expire unless extended.
dpnewell Offline
#50 Posted: Tue, Aug 9 2011, 8:50 PM EST
Joined: 03-16-2009
Posts: 7,491
HockeyDad wrote:
Libertarians = pothead Republicans


Fiscal responsibility, limited government, personal freedoms. Yes, I can see how you can confuse us Libertarians with the Republicans of the last 10 years. Sarcasm
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