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US Credit Rating Downgraded to AA-
Pundit Press ^
Posted on 09/14/2012 12:41:26 PM PDT by therightliveswithus
The United States' credit rating has been downgraded from a AA rating to a AA- rating. Egan-Jones is the rating agency that has made this decision.
The lowering of the United States to AA- marks the second time in the Obama Administration that the US has had its credit rating lowered. Mr. Obama is the only President in history to have the United States' credit rating lowered. Now it has happened again.
This comes one day after Ben Bernanke announced QE3, or "Quantitative Easing," aimed at lowering unemployment by buying bonds. The trade-off is higher inflation and possibly greater debt.
(Excerpt) Read more at punditpress.com ...
KEYWORDS: 2012; economics; uscreditdowngrade; uscreditrating
Another “mess” that Barack the Kenyan “inherited”. From himself.
posted on 09/14/2012 12:43:56 PM PDT
(The United States of America apologizing to knuckledragging, cavedwelling Neandethals. Whodda thunk!)
More stimulus for the Bulls and more inflation for the rest of us.
posted on 09/14/2012 12:47:37 PM PDT
(The Roar Of The Masses Could Be Farts)
FUBO and the Democrat party and media that has assisted you!
posted on 09/14/2012 12:49:30 PM PDT
("If you have a business, you didn't build that. Somebody else made that happen."--B. Hussein Obama)
That actually is unexpected. I figured we were in for another downgrade if Obama won in November, but this early downgrade caught me by surprise.
posted on 09/14/2012 12:50:26 PM PDT
(Freedom is never more than one generation away from extinction. - Ronald Reagan)
In the words of our esteemed VP, this is a Big F’n Deal.
posted on 09/14/2012 12:51:36 PM PDT
Obama continues to pour fuel on the fire. Humpty Dumpty the lord of liars will fall and take the deceived with him..
posted on 09/14/2012 1:07:56 PM PDT
(2008 + IN, NC, FL, VA, OH, NE1, IA = 272EV)
posted on 09/14/2012 1:50:25 PM PDT
(FR: Now, More Than Ever.)
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