Moodys lowers US economic outlook through 2012

AP ^ | August 15, 2011

[george76]

Moody's Analytics on Monday lowered its outlook for growth in the U.S. economy this year and next, saying it sees "significantly weaker" prospects for the economy than just a month ago as the country struggles to avoid another recession.

The report ...cites the recent political wrangling over the U.S. debt ceiling and the revived debt crisis in Europe as leading factors in the bleaker economic picture. "The odds of a renewed recession over the next 12 months, already one in three, will increase if stock prices continue to fall

[mylife]

Hooboy.
Here we go.

[festusbanjo]

[garjog]

Pay no attention. This is just a right wing conspiracy to make Obama our Lord look bad.

[garjog]

[the invisib1e hand]

when does the investigation begin?

[lurk]

Really? Debt is bad?

Who knew?

[Lazlo in PA]

Moody's=Buffett

I wonder what Warrens angle is?

[STARWISE]

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[JustTheTruth]

It is BS to blame recent debt ceiling debates. The fact is that US govt statistics, which systematically paint a rosier-than-reality picture, show an annualized quarter 1 GDP growth of something like 0.1%....

An honest inflation rate deflator for GDP would show a continuing recession extending back long ago. Whitehouse/Federal Reserve/(insolvent) Banking System/MSM/DNC/Big Money Wall Street interests' collective propaganda machine at work.

[Navy Patriot]

when does the investigation begin?

Probably yesterday.

[festusbanjo]

Warren’s angle is that he has most of his wealth tucked away in tax free shelters like his foundation. Typical democrat mentality, “Raise taxes on the rich, except for me and people in Hollywood and tax cheats like Timmy G and party regulars and contributors”. Hurry and and die, so that I can laugh as half your wealth disappears through the estate tax.

[TChad]

Damn the Tea Party for causing this. And the Koch brothers. And Sarah Palin. And George Bush. And Big Pharma. And Rush Limbaugh. And — uh, who else we got?

[JustTheTruth]

Warren's angle?

His company, Berkshire Hathaway, is on the hook for BILLIONS of $ in at-risk credit default swaps, and will have to make good on those agreements if true asset values on the underlying assets come to light, triggering defaults. He needs to keep the game going.

Their bad bets on the CDS's would sink his net worth dramatically unless nominal asset values can be propped up by enormous liquidity creation by the Fed. Their solution is to repress and penalize savers and tax payers and get them to cover his bad bets through dollar devaluation and taxation. Basically sucks.

We need to let the damn insolvent financial system take its losses and not shift them to the rest of us.

[Lazlo in PA]

I see him pushing Moody’s to do this to revive the “Raise Taxes” issue. He controls them. He is the majority stock holder. More crisis and panic for the Regime to push their garbage. Warren Buffett is a bad as Soros in my book.

[RayChuang88]

One more reason why Obama will be leaving the White House on January 20, 2013.

[Lazlo in PA]

His company, Berkshire Hathaway, is on the hook for BILLIONS of $ in at-risk credit default swaps, and will have to make good on those agreements if true asset values on the underlying assets come to light, triggering defaults.

[goodwithagun]

You’re forgetting natural disasters: Arab spring, Japan tsunami, midwest tornadoes, and globull warming. Of course these are all George Bush’s fault anyway, so what am I saying.

[NoLibZone]

He doesn't pay the rates. he paid only 17%. Obama only paid 26%. Much less than the Bush rates!

He delays income and uses the appreciation of invests.

"Our favorite holding period is forever You only pay income taxes at any rate on realized appreciation.

An investment with a holding period of forever incurs a capital gains tax of 0%, while all along the holder can be getting wealthy from appreciation."

- Warren Buffet The why is: Liberals want to be able to increase spending immediately based on tax revenue projections. But the rich can and do avoid taxes.

[Rembrandt]

Here comes the SEC!