Posted on 08/05/2011 5:51:21 PM PDT by GQuagmire
NEW YORK (Reuters) - The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday, in a dramatic reversal of fortune for the world's largest economy.
S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about growing budget deficits.
U.S. Treasuries, once undisputedly seen as the safest investment in the world, are now rated lower than bonds issued by countries such as the UK, Germany, France or Canada
(Excerpt) Read more at news.yahoo.com ...
So, S&P is racist.
Our country is going down the toilet.
Needs another knife in that goose that says “New regulations”.
"Cut, Cap & Balance" with it's $4 trillion on "cuts" would've given the ratings agencies what they were looking for.
Heck of a job Reid, Obama! The House did what was necessary.
Chicks on the Right had it on their Facebook page, and I thought it was worth appropriating.
Let me guess:
Unexpected?
Bush’s fault?
Tea Party’s fault?
Tsunami in Japan’s fault?
Arab Spring’s fault?
Corporate Jet Owners fault?
Republican’s fault?
ATM’s fault?
Weather in the Mid-West fault?
BP’s fault?
Did I miss any? =.=
“He is for all purposes, FINISHED, a ONE TERMER.”
You underestimate the Vichy gop’s skill at wrenching defeat from the jaws of victory.
Here’s some of the reasons given....looks like they didn’t like the deal after all.....Drudge has the Pdf, it’s a interesting read IMO. Confirms these statements as well.
S&P decided to lower the AAA rating, held by the United States for 70 years, to AA+ ...”after”.... a bipartisan debt deal signed into law this week failed to assuage ‘concerns about the nation’s growing spending.’ First time in 7 years of a triple a rating.
S&P’s action is the most tangible vote of disapproval so far by Wall Street on the deal between President Obama and Congress to cut the deficit by at least $2.1 trillion over 10 years. S&P has said that it wanted at least $4 trillion of deficit reduction.
And 0dumb0 the RAT bastard socialist commie pig-in-chief does not give one rat's ass about this. Why should he? Boehner & McConnell & the RINOs plus all the legislators who voted for the $2.4 Trillion debt ceiling increase and a bogus $1 Trillion reduction somewhere in the vast reaches of the next ten years, just gave 0dumb0 his $2.4 Trillion slush fund aka birthday present. He doesn't give a RATs ass about S&P credit rating, he has a $4 Trillion budget for 2012, and a $2.4 Trillion debt ceiling increase that he can add to it if he wants to buy off more voters or special interests. He loves this! He got everything he wanted when the Repukes caved & capitulated on the $2.4 Trillion debt ceiling increase.
Get ready for yet another prime-time address from Obama.
Hold on! This is the gang that didn’t see the mortgage meltdown until it happened in 2008! The whole rating system is a joke and everyone knows it. You needed a downgrade from AAA to tell you that we are taking on too much debt!!??
The Zero lied.
A country died.
Congresswoman Bachmann just called for the Treasury Secretary to be sh*t-canned...
Wall street crash Monday!
I love her and she’s entirely right. Hope it happens. These
domestic terrorists have GOT to be stopped! Now.
The Tea Party is the only thing close, and it's time to get it organized.
A presidential candidate and a Tea party leader in congress is what we need, then the so called Tea Party Republicans need to leave the fading GOP for the New Tea Party.
Bachmann should shoot for House Majority leader.
Palin and De mint would make a great Tea Party ticket. Then we need to get America to put down the remote, and vote. Honest, true opposition is what is needed.
Other Freepers will of course, see different candidates but, does anyone agree with the concept?
Imagine how much worse it would have been if Obama weren't President!
$400 bn increase in debt ceiling Tuesday. Hussein raided the Treasury and spent $260 bn of it Wednesday: 60% . Market tanks Thursday. US Debt downgraded Friday. We need to heave-ho this criminal marxist pan-leninist. Obama is destroying the United States. Treasury Secretary Turbo Tim and Bernanke need to resign.
Stock exchange will drop by 40% next week.
Meanwhile Obama sells dinner with him for $35,000 a person. This is criminal obnoxious behaviour.
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