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US credit downgraded again... Thanks Obama

NancyGrace

Posted 4:17 pm, 09/16/2012

What is the problem grandydancer49....7 hours and still nobody sees how witty you are?


Self-bumping you can try....but I don't believe it will work.


gandydancer49 (view profile)

Posted 4:06 pm, 09/16/2012

Don't blame ya ignorant. I'd pretend it was'nt posted either

gandydancer49 (view profile)

Posted 9:40 am, 09/16/2012

Truer words have not been spoken lately!!



gandydancer49

Posted 4:06 pm, 09/16/2012

Don't blame ya ignorant. I'd pretend it was'nt posted either

gandydancer49

Posted 9:40 am, 09/16/2012

Truer words have not been spoken lately!!

TruthIsAWhisper

Posted 8:38 am, 09/16/2012

dabobb,

Always the partisan fool.

Always.

gandydancer49

Posted 8:34 am, 09/16/2012

This last post was for you Tilt-A-Terd

gandydancer49

Posted 8:14 pm, 09/15/2012

Sorry "Tilt-ATerd" Opie ain't gone either. Our nation will suffer for years for his and the gop'her policies enacted. If ALL taxpayers paid their rightful taxes we'd be in a heck of a lot better shape with the debt..Bush "Opie" is gone huh?? Tell that to some young veteran without arms or legs what he lost them for?? Bet Opie still cares about each of them...Don't ever have the nerve to tell me or GW's Opie is history? The only history he is, is one of the worst chapters in this nation's history.

diemundbak244

Posted 2:48 pm, 09/15/2012

I dont believe W. put up a 11 trillion dollar debt. If you were to look at a chart you would see that W.'s debt really isnt his at all. Look how the graph spikes up when the 110 house and senate take over.

http://en.wikipedia.org/wik...1-2010.png

snapshot

Posted 2:47 pm, 09/15/2012

gillian if romney is listening to bush jrs. advisors, we've got nothing to worry about. cause remember, what happens during 1 administration is the result of what the previous administration set in motion.

Gillian

Posted 2:39 pm, 09/15/2012

Tell us some of Romney's "new ideas," dabbob. Because I think he's quite partial to taking advise from George W.'s old crew.


snapshot

Posted 2:06 pm, 09/15/2012

how's the old "what is going on now is the results of the former presidents policies" theory working out for ya? you know, clinton riding reagan and bush srs. policy. 9/11 a result of clinton's failed policies.getting bin-laden a result of bush jrs. intelligence ?

dabbob

Posted 1:17 pm, 09/15/2012

Bush Bush Bush He is ancient history.

We are nearly four years into the failed administration of Barry Obama. He had his chance and blew it. Time to move on to new ideas.

dillydally

Posted 12:30 pm, 09/15/2012

Yeah, 600,000 jobs lost the last month Opie was in office "THANKS OPIE"

gandydancer49

Posted 12:27 pm, 09/15/2012

Have you seen any of those great numbers of jobs that would be created by the "Opie tax cuts? We only lost what, 600,000 the last month Opie was in office? But wait, I got a $5 tip doing some yard work for a multi=millionaire!!

gandydancer49

Posted 12:24 pm, 09/15/2012

Gripes me the most when the gop'hers won't tell us what all that money and all those live lost and bodies and minds mutilated accomplished? (cept to make a bunch of defense contractors awfully rich)

moving101

Posted 12:20 pm, 09/15/2012

gandy, don't you just love it when the GOP'hers talk about Obama's $5 Trillion debt and overlook Bush's $11 Trillion debt like it doesn't even matter? Had it not been for Bush's part of the debt and his f****d up policies, Obama wouldn't have had to spend to rescue the economy from a certain Depression.

gandydancer49

Posted 12:15 pm, 09/15/2012

Uh, where did 2/3 of our debt come from, and ANYONE, tell us all what was accomplished, please?

kenc

Posted 11:48 am, 09/15/2012

I just see all the un-accounted for $$$$$$ flowing into Bush's wars while he was in office.

moving101

Posted 9:31 am, 09/15/2012

From Wiki:

Charges



The SEC warned Egan-Jones in October 2011 of a possible enforcement action.[8] On April 24, 2012, the SEC charged Sean Egan with numerous offenses including: making false and misleading statements in the firm's application to become a Nationally Recognized Rating Agency, violations of conflicts-of-interest and record keeping, and falsely stating that he was unaware if his paid clients were long or short specific securities that Egan-Jones rated. The Securities and Exchange Commission issued charges against the company, and its founder, Sean Egan, for "material misrepresentations and omissions in the company’s July 2008 application to register as a Nationally Recognized Statistical Rating Organization (NRSRO) for issuers of asset-backed securities (ABS) and government securities" as well as "material misrepresentations in other submissions furnished to the SEC and violations of record-keeping and conflict-of-interest provisions governing NRSROs."[9

dabbob

Posted 9:22 am, 09/15/2012

Ratings firm Egan-Jones cut its credit rating on the U.S. government to "AA-" from "AA," citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country's credit quality.

The Fed on Thursday said it would pump $40 billion into the U.S. economy each month until it saw a sustained upturn in the weak jobs market.

In its downgrade, the firm said that issuing more currency and depressing interest rates through purchasing mortgage-backed securities does little to raise the U.S.'s real gross domestic product, but reduces the value of the dollar.

In turn, this increases the cost of commodities, which will pressure the profitability of businesses and increase the costs of consumers thereby reducing consumer purchasing power, the firm said.




http://www.cnbc.com/id/49037337



Many see this latest move by Fed Chairman Helicopter Ben Bernanke as a blatant political move to aid the re-election effort of Dirty Barry.


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