Posted on 07/23/2011 1:59:01 PM PDT by Son House
Featured Videos-Neil Cavuto
(Excerpt) Read more at video.foxnews.com ...
Good, let it happen. Then maybe more Americans will wake the hell up.
I loved how Cavuto point-blank asked the S&P guy: “Why should anyone believe you; you guys have been wrong dozens of times on your AAA corporate bonds?”
I also admired his tacitly calling the snaggletoothed congressman from MA a liar.
Our credit rating will go from AAA to AA? Who cares? Japan’s has been AA for years and they still sell their bonds like crazy.
It doesn’t make much sense really. My guess is a CCB type plan would leave it the same, but the bickering and apparent unwillingness to fix the problem being the reason for a downgrade.
Best I can tell the Speaker has out maneuvered zero and allowed the boy to paint himself in a corner where ole "zero" has run out of "airspeed, altitude and ideas" as we say in the flying biz. Now if I had the information that the "wise boys and girls" here on FR had....I may have a different take.... Further I suspect that as "happy hour" spreads across out great country on this Saturday many will attain even greater wisdom and insight on the goings on of these negotiations...and spread their mindless, baseless drivel on posts far and wide!
It would be historic.
Obama could end up being the first U.S. president to hold office while rating agencies like Moody’s and Standard & Poor’s downgrade the nation’s AAA debt rating.
Now, do you really think that’s going to happen, or it’s just more propaganda???
Are you better off now; or before Obama took office?
Incredible to think about the damage this guy has done to our nation.
If that occurs, I'm sure some Dem will pull out the race card.
Government-dependent constituents—federal and local—want you to believe that the debt is being decreased in the “$4 trillion” congressional deal. It isn’t. The deficit is over $1.5 trillion per year now, so it will mount up anyway. And with the debt ceiling raised later on several times in his plan, the yearly will probably go up, too.
There will be a default. Favored constituents of both political parties are milking the debt regime for all that they can take before the eventual default, and they’re lying to us.
Corporate bonds!!!??? S&P blew the whole enchilada on Fannie Mae until the very final second. The rating house is a joke. Read “Reckless Endangerment.” They are trying to recoup their reputation now by talking tough.
We need to cut 1.5 trillion the 2012 budget. That will accomplish a near balanced budget. But that's nowhere near enough.
We also need to pay off our 14.6 Trillion dollar debt that has been accumulating and which is also what is causing such a problem in the markets. So we'll need to use some revenues for that - meaning we'll have that much less to spend.
Yes we have a lot of spending to cut.
I always thought that over burdensome debt would reduce the credit rating anyway. How is it that the a rating company can see a nation awash in debt yet keep the AAA rating?
You’ve got a good point of view on all the armchair FReepers. What Moody’s and S&P say vs. what the world decides to do— whether to buy our bonds or not vs. some other country like Russia, say or Greece—none of that matters really.
The Speaker and very sharp people like Ryan and Cantor and Duke economist graduates from Alabama have their minds together. Obama and his marxist pals have only one playbook to work out of—and times and people have changed.
Reminds me of the scene in Patton “Rommel you magnificent bastard.... I read your book!” And we have. That,and understanding that virtually no one on the other side is negotiating in any kind of honest good faith. Makes it easier. Deo Vindice.
Reminds me of the uncannily close relationship of the property appraiser to the bank lending the money. And,as we learned, the banks went to the appraisers that gave them the number they wanted and needed. Thus making the spiraling real estate market a sham and a joke.
Even though the USA is deeply in debt, it remains the largest and most dynamic economy in the world -- even though it is currently in sick bay.
The debt is readily controllable if the economy recovers and we get a handle on spending -- acts well within our capability.
But, first, before we can accomplish any of these things, we've got to get rid of Zero and the Democrat Senate...
I honestly think the rating services will retain the AAA rating so long as they see a GOP sweep on the horizon in 2012.
“Are you better off now; or before Obama took office?
Incredible to think about the damage this guy has done to our nation.”
His poll numbers should be totally in the tank by now, yet they are`nt. In all likelihood he will be re-elected.
Immelt is one of Barry's advisors...
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