US Loses AAA Credit Rating After S&P Downgrade

kraznyi_oktjabr · 08-06-11, 05:41 AM

Quote:

Originally Posted by Feuer Frei!

Done.

Thank you!

mookiemookie · 08-06-11, 06:56 AM

Monday will be an interesting time to watch the markets. Buckle your seatbelts.

yubba · 08-06-11, 07:36 AM

How do like that for a Birthday present, Mister President. What's that I smell, well it's not the remnets of beer and pickled eggs nite at the Roxie, more like tar and feathers.

kraznyi_oktjabr · 08-06-11, 07:58 AM

Quote:

Originally Posted by yubba

How do like that for a Birthday present, Mister President. What's that I smell, well it's not the remnets of beer and pickled eggs nite at the Roxie, more like tar and feathers.

Well... if I remember correctly Standard & Poor's have criticized both sides in Congress.

Inability to make compromises to seriously cut deficit (including stubborn opposition to revenue increases and stubborn opposition to wellfare/healthcare/military/etc. spending) won't make friends in credit rating agencies.

yubba · 08-06-11, 09:07 AM

Well he's the leader, and like any good captain he should go down with his ship, the USS Unsubstainable. We don't need to compromise with communist ideas, they don't work anywhere else in the world, and why would you think they would work here, we need to cut the wasteful spending, cut the regulations and let capitalism work, government needs to live within it's means just like the rest of us.

Feuer Frei! · 08-06-11, 09:10 AM

Quote:

Originally Posted by yubba

and like any good captain he should go down with his ship, the USS Unsubstainable.

STEED · 08-06-11, 09:10 AM

You only got a slap from S&P, Moody's and fitch have left you on AAA.

Platapus · 08-06-11, 09:48 AM

How about we wait and see what the effects of this one reporting change will make before getting upset?

S&P is only one source and they are not infallible. There is already controversy about their methodology being discussed on the news.

08-06-11, 06:56 AM	#2
mookiemookie Navy Seal Join Date: Nov 2005 Location: Houston, TX Posts: 9,404 Downloads: 105 Uploads: 1	Monday will be an interesting time to watch the markets. Buckle your seatbelts. __________________ They don’t think it be like it is, but it do. Want more U-boat Kaleun portraits for your SH3 Commander Profiles? Download the SH3 Commander Portrait Pack here.

08-06-11, 09:07 AM	#5
yubba Admiral Join Date: Sep 2009 Location: in a neighborhood near you Posts: 2,478 Downloads: 293 Uploads: 2	Well he's the leader, and like any good captain he should go down with his ship, the USS Unsubstainable. We don't need to compromise with communist ideas, they don't work anywhere else in the world, and why would you think they would work here, we need to cut the wasteful spending, cut the regulations and let capitalism work, government needs to live within it's means just like the rest of us. Last edited by yubba; 08-06-11 at 09:18 AM.

08-06-11, 09:10 AM	#7
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	You only got a slap from S&P, Moody's and fitch have left you on AAA. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

08-06-11, 09:48 AM	#8
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,362 Downloads: 63 Uploads: 0	How about we wait and see what the effects of this one reporting change will make before getting upset? S&P is only one source and they are not infallible. There is already controversy about their methodology being discussed on the news. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.

08-06-11, 07:36 AM	#3
yubba Admiral Join Date: Sep 2009 Location: in a neighborhood near you Posts: 2,478 Downloads: 293 Uploads: 2	How do like that for a Birthday present, Mister President. What's that I smell, well it's not the remnets of beer and pickled eggs nite at the Roxie, more like tar and feathers.