U.S. loses AAA credit rating from S&P [copy 2]

Yahoo ^ | 8/5/11 | Walter Brandimarte - Reuters

[SaraJohnson]

McConnell, McCain and Boner should be proud. They defeated the “terrorists” who wanted to cut spending. What asses.

[JudgemAll]

Hmmm, getting losing us the AAA rating is terrorism, basicaly... so, now, who is a terrorist, those who made that secret hedge profit, eh? Could it be Sorros’ buddies in China or Russia, perhaps? Through the post Sorros “philantropic” fronts?

Oh, if you are a Tparty saavy person or a jew, they might point the finger at you, by the way... so cool, you know, and convenient.

[JPG]

Corzine did such a bang-up job in NJ I can hardly wait to see what he does to the entire country.

[Sarah Barracuda]

All three of them are a bunch of pansies(I wanted to describe them a different way trust me) if they had just listened to us tea party “Terrorists” none of this would have happened. But no, can’t expect some of the RINOS in the GOP to actually do the right thing..but either way, Obamadork is President, its HIS fault..damn and I thought Carter was the worst President ever..this guy tops him

[_a_0_0_]

It might also be prudent to ask who sold the protection, and who is going to bail them out.

[cashless]

The really sinister part of all of this, knowing how corrupt the ruling class is, of which S&P is a member, all the “right” people knew about this hours before the rest of us. So they were able to get their inverse ETFs and put options in place well before market close and kept silent during after market hours so out and out panic would not set in. I would also have to guess someone at S&P gave Buffett, Soros and other a quick heads up so they could get their ducks in a row. Sorry, I'm just cynical about the markets these days with all the shenanigans going on.

[JudgemAll]

What it means is also we have an inflation spiral starting. Since the government is going to be the sole one getting the money, the higher the prices.

ANd,, furthermore, the higher the prices, the lesser the future return as time goes by, and, thus, the higher the prices will be set. So, that means martial law and government tickets enforced at the tip of the government bayonet, killing us all? Hmmm

Wow, fantastic, just fantastic.

[Cheetahcat]

“So called optimists are in fact cool aid drinkers at the bottom. Doom and gloom is not for patriots, of course, but there is a difference between true people of character/vision and blind optimist fools on welfare.”

Nice post.

[bigbob]

Damn Obama

[JudgemAll]

Yeah, a couple days ago they were saying we were not going to lose the rating... just like Geitner was telling us there would not be more quantitative easing when there was, or that the unemployment is unexpectedly high.

Now they are going to make us “feel” guilty for adjusting the prices to the inflationary spiral and the usurious debts being used for moralizing us at the tip of the bayonnette, calling us terrorists and unpatriotic unamerican.

I dare them.

[tobyhill]

You’re right on the mark. There’s no other reason to wait till a Friday evening.

[NormsRevenge]

Timmy Tax Cheat Resign? Monday?

sounds good to me..

Take Biden with him..

some Jobs Czar he has been..

[muawiyah]

S&P is actually a heavily subsidized magazine publisher called McGraw-Hill ~ and that's about it. I know them more from their demands for special treatment and lower prices than for anything else.

Look up the members of their Board of Directors ~ check those people out. MOST OF THEM AREN'T RED BLOODED AMERICANS ~ they are funny little foreign people with un-American interests.

[txhurl]

Only problem with ditching Biden is he may plug in Cuomo.

That’s a horse of a whole different color. Some white Made Guy rallying the rats and unions presents a serious problem.

[marstegreg]

I am not very familiar with this at all, what does this exactly mean

This means the Tea Party will be viciously villified. What it really means is that we are now a bad risk for loans as a country and will therefore be charged a higher rate of interest on those loans. Hence we will never be able to pay off the money we owe.

[NorthStarStateConservative]

Quick question: I have a few hundred in the bank right now, what should I do to maximize my money? Should I withdraw ASAP and buy a crapload of precious metals or just buy a house and wait out the storm?

[riri]

IOW, we are now the b*tch of the mega banks, soon the IMF and others. See Argentina.

[Sarah Barracuda]

My Mom wants to buy a new car, she was going to try to get a 20,000 loan for it..I told her about this and she said “Forget about that I will pay cash” no way will she pay higher rates for a loan. People won’t buy cars, credit card rates will skyrocket..when Obama said “Hope and change” he meant after he redistributed all the wealth the way he felt like it, all you would be left with is the change in your pocket..we’ll be lucky if we even have that

[NormsRevenge]

Sit tight. Do nothing drastic. Don’t panic!

If you’re working, you should be OK.

How bad could it get? :-]

Diamonds and precious metals are possibilities..

We’re diversified.. a mix of everything.. for now..

Real estate in some areas right now is a good investment as long as you got the 20% down.. rates are low low low

[NormsRevenge]

Thanks for that Cuomo pick-up.

My thought is getting him exposed now and in 2012 for his fingerprints&complicity for the housing fiasco that triggered Tarp and where we are today.