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Keyword: rating

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  • Politico: Obama to Limit Campaigning to 'States Where He's Still Popular'...

    08/30/2014 1:11:11 PM PDT · by afraidfortherepublic · 61 replies
    Politico ^ | 8-30-14 | Tom Blumer
    A Friday afternoon dispatch at the Politico from Carrie Budoff Brown and Jennifer Epstein tells us that "The White House is putting the finishing touches on a post-Labor Day schedule that will send the president to states where he’s still popular." The list of states where the Politico pair alleges that's the case is quite short: "Michigan, Wisconsin, Pennsylvania, Illinois and California." That's it. Obama, in a situation resembling that of Richard Nixon in the final months of his presidency, when "Tricky Dick" was mocked for being able to find friendly audiences in just a few Southern states, is apparently...
  • Common Core Goes to College – Obama Admin's New Rating System

    06/19/2014 9:56:03 AM PDT · by SeekAndFind · 12 replies
    Christian Post ^ | 06/19/2014 | Napp Nazworth
    Despite strong opposition from College presidents, the Barack Obama administration is moving forward with a college rating system based upon a philosophy of education that bears a striking resemblance to the Common Core. According to a White House fact sheet and a Department of Education FAQs page, colleges would receive a rating based upon: costs, graduation rates, how much money graduates make, and how many graduates go on to get advanced degrees. Pitched as a way to slow the rising costs of higher education, Obama wants to tie those ratings to federal aid. Students who attend colleges with higher scores...
  • Oh, Bam! President´s approval rating plummets to 38 percent overall, just 34 percent

    12/10/2013 8:32:03 PM PST · by Nachum · 17 replies
    Daily Mail ^ | 12/10/13 | David Martosko
    Barack Obama is facing poll numbers that are now in the same territory as President George W. Bush´s following Hurricane Katrina. The Quinnipiac University Polling Institute released numbers on Tuesday showing that just 38 percent of registered voters approve of the job Obama is doing as president, with a whopping 56 percent saying they disapprove. The president has lost his landslide electoral edge among young voters, too, with a negative 41–49 percent rating among 18- to 29-year-old voters. His once formidable support among Hispanics has also evaporated: They now support him by an historically small 50–43 percent margin.
  • Obama approval rating skids to lowest ever in Quinnipiac poll

    11/12/2013 2:37:08 PM PST · by Oldeconomybuyer · 28 replies
    MarketWatch ^ | November 12, 2013
    President Barack Obama’s job-approval rating slumped to the lowest point of any time that Quinnipiac University has surveyed during his presidency, the university said Tuesday. By a 54%-to-39% margin, people disapprove of Obama. The results compare to a slight 49%-45% disapproval on Oct. 1.
  • Kim Jong-un's approval rating higher than Barack Obama's

    08/30/2013 8:22:18 AM PDT · by Sub-Driver · 24 replies
    Kim Jong-un's approval rating higher than Barack Obama's Kim Jong-un, the North Korean leader, has a public approval rating of over 50 per cent, according to a poll of escapees living in South Korea. By Julian Ryall, Tokyo and Chris Irvine 3:27PM BST 30 Aug 2013 Despite reports of him purging army generals and executing former girlfriends by firing squad, a survey carried out by the Institute for Peace and Unification Studies at Seoul National University on 133 North Korean defectors found that 61.7 per cent believed he had the majority support of his people. Although not strictly scientifically accurate,...
  • Our President Plans to 'Rate' Colleges: This bright idea needs to be strangled in the crib

    08/24/2013 5:51:39 AM PDT · by SeekAndFind · 32 replies
    American Thinker ^ | 08/24/2013 | Jim Yardley
    When I glanced at the first story I read about President Obama's plans to "rate" colleges, my first thought was "Hey, what's he doing? It isn't March. The NCAA Tournament is months away!" As it turns out, the whole thing was just Obama being Obama. As usual, he spoke in vague generalities. As always, the metrics to be used in evaluating these institutions of higher learning were obviously subjective, and subject to "nudging" as needed to produce a desired (read: politically favorable) result. Couching the idea in inevitably unclear terms, the president uses the "carrot and stick" approach to addressing...
  • America’s Rating as a Free Country Continues to Plummet

    01/28/2013 4:55:53 PM PST · by lowbridge · 8 replies
    http://thelibertypaper.org ^ | January 28, 2013
    Freedom can be defined in many ways. However, one of the greatest indicators of freedom and liberty is economic freedom. True free-market capitalism is the basis of individual liberty. However, America is no longer a top 5 contender, and we haven’t been for a years. Actually, America is barely even in the top 10. The 2012 Index of Economic Freedom study reports that America continues to fail. Who took first place in economic freedom in 2012? The answer may surprise you. It was Hong Kong. Hong Kong’s score was an 89.9%, which was a 0.2% increase from 2011. Following Hong...
  • Illinois credit rating sinks to worst in nation

    01/25/2013 7:30:41 PM PST · by Libloather · 22 replies
    Chicago Tribune ^ | 1/25/13 | Ray Long, Monique Garcia
    SPRINGFIELD — Illinois fell to the bottom of all 50 states in the rankings of a major credit ratings agency Friday following the failure of Gov. Pat Quinn and lawmakers to fix the state’s hemorrhaging pension system during this month’s lame-duck session. Standard & Poor’s Ratings Service downgraded Illinois in what is the latest fallout over the $96.8 billion debt to five state pension systems. The New York rating firm’s ranking signaled taxpayers may pay tens of millions of dollars more in interest when the state borrows money for roads and other projects. “It’s absolutely bad news for taxpayers,” said...
  • Moody's strips France of triple-A rating; a notch lower (Aa1)

    11/19/2012 5:27:01 PM PST · by TigerLikesRooster · 10 replies
    Reuters ^ | Nov 19, 2012
    Moody's strips France of triple-A rating; a notch lower Mon Nov 19, 2012 6:05pm EST (Reuters) - Moody's Investors Service downgraded France's sovereign rating by one notch to Aa1 from Aaa, the agency said on Monday, citing the country's uncertain fiscal outlook as a result of "deteriorating economic prospects." Moody's said it is maintaining a negative outlook on the country due to structural challenges and a "sustained loss of competitiveness" in the country. Standard & Poor's has a AA-plus rating and negative outlook on France, which it downgraded by one notch in January from AAA. Fitch Ratings has France at...
  • MOODY'S THREATENS TO CUT USA RATING WITHOUT DEAL TO CUT DEBT/GDP

    09/11/2012 6:49:26 AM PDT · by blam · 12 replies
    TBI ^ | 9-11-2012 | Sam Ro
    MOODY'S THREATENS TO CUT USA RATING WITHOUT DEAL TO CUT DEBT/GDP Sam RoSeptember 11, 2012Moody's is warning that it may cut the US government's credit rating from the Aaa to Aa1 if it is unable to negotiate a deal to materially reduce its federal debt to GDP ratio. Here's the annoucnement from Moody's: ------------------- Moody's issues update on the outlook for the US government's debt rating: Budget negotiations key Global Credit Research - 11 Sep 2012 New York, September 11, 2012 -- Budget negotiations during the 2013 Congressional legislative session will likely determine the direction of the US government's Aaa...
  • Govt to supervise credit reporting for first time

    07/16/2012 1:31:25 PM PDT · by BAW · 31 replies
    AP ^ | July 16, 2012
    The companies that determine Americans' credit scores are about to come under government oversight for the first time. The Consumer Financial Protection Bureau said Monday that it will start supervising the 30 largest firms that make up 94 percent of the industry. That includes the three big credit reporting firms: Equifax Inc., Experian and TransUnion. In remarks prepared for a speech Monday, Richard Cordray, the government agency's director, said that scorekeeping by credit bureaus plays such a large role in Americans' financial lives, it requires scrutiny.
  • Fitch May Cut U.S. Rating If No 'Credible' Fiscal Plan

    06/07/2012 2:49:26 PM PDT · by SteelToe · 3 replies
    Nasdaq ^ | June 7, 2012 | None
    --Fitch would likely downgrade U.S. debt if the government does not get its fiscal house in order --Fitch sovereign group managing director Ed Parker says the firm is looking for a fiscal plan after the elections --The firm rates the U.S. at triple-A but put it on negative outlook last November A Fitch Ratings executive said Thursday that the firm would likely downgrade U.S. debt if the federal government does not get its fiscal house in order. Speaking at the firm's global banking conference in New York, Fitch sovereign group managing director Ed Parker said " the U.S. does not...
  • Poll: Biden’s favorability rating sinks

    05/24/2012 2:35:14 AM PDT · by Libloather · 29 replies
    The Hill ^ | 5/23/12 | Jonathan Easley
    Poll: Biden’s favorability rating sinksBy Jonathan Easley - 05/23/12 03:49 PM ET Vice President Biden has a negative favorability rating for the first time since becoming President Obama’s vice presidential pick, according to a Gallup poll released on Wednesday. Biden stands at 42 percent favorable versus 46 unfavorable. He has been hovering near break-even since late 2009. His popularity plunged towards the middle ground shortly after taking office, when he was at 53 favorable and 29 unfavorable. Biden is still overwhelmingly popular among Democrats, at 73 favorable, but well underwater with independents, at 37 favorable and 47 unfavorable. The poll...
  • Egan-Jones cuts U.S. rating (based) on debt burden (AA -- now only 3rd highest rating)

    04/06/2012 9:16:39 AM PDT · by xzins · 41 replies
    Reuters ^ | Apr 6 | Richard Leong
    NEW YORK, April 6 (Reuters) - Egan-Jones Ratings downgraded the credit level of the United States as Washington has struggled to reduce the federal debt burden, which is projected to surpass the size of the country's economy. The independent rating firm, which issued the downgrade late Thursday, said its senior debt rating on the United States is now AA, its third highest rating, down one notch from AA-plus. It also maintained a negative watch on the world's biggest economy as the federal debt load could rise to $16.7 trillion at the end of 2012. U.S. gross domestic product, in the...
  • Shooting for Liberty States competing for lowest Brady score

    03/10/2012 7:39:03 AM PST · by marktwain · 16 replies
    The Firearms Coalition ^ | 9 March, 2012 | Jeff Knox
    The Brady Bunch has released their annual scorecard rating states based on how strict their gun laws are. The scorecard is a very useful tool to help rights groups understand how their state compares to others on a liberty scale; more points = less liberty. Alaska, Arizona, and Utah have all achieved the coveted Zero Points/Zero Stars on the Brady scale and are now competing to see which state will be the first into negative numbers – which is possible through bonus points. Arizona and Alaska can reach a –2 point score by protecting carry rights on campuses of state...
  • Checkmate For Japanese Sovereign Debt

    02/05/2012 2:09:14 PM PST · by TigerLikesRooster · 21 replies
    Seeking Alpha ^ | 02/02/12 | Asa Harrington
    Checkmate For Japanese Sovereign Debt 4 comments | February 2, 2012 Global Debt Crisis: Greece -> Europe -> Japan? From my previous article: Greece and Portugal are stuck in a very vicious cycle. Greek and Portuguese sovereign bond yields have risen substantially making it nearly impossible for these nations to roll over the debt with yields they can pay. For Greece, rising yields have brought it to the edge of default several times. To prevent a Greek default, the Troika (European Commission, International Monetary Fund, European Central Bank) has been sending large tranches of money to Greece to keep Greek...
  • Obama’s approval rating plummets

    12/29/2011 5:19:55 PM PST · by Libloather · 25 replies
    The Hill ^ | 12/29/11 | Amie Parnes
    Obama’s approval rating plummetsBy Amie Parnes - 12/29/11 05:34 PM ET President Obama enjoyed a surge in popularity this week — but the bounce proved to be remarkably short-lived. A Gallup tracking poll released Thursday showed that Obama is once again underwater, plummeting to 41 percent approval and 50 percent disapproval, a sharp drop from earlier in the week. A survey released Monday showed the president had a sudden uptick in the opinion poll, with 47 percent of respondents approving of the way he was handling his job and 45 percent disapproving. It was the first time since July that...
  • Short-seller Chanos: Moody's, S&P wrong on China(he shorts Moody's, S&P)

    12/07/2011 3:30:08 AM PST · by TigerLikesRooster · 3 replies
    Reuters ^ | 12/06/11 | Katya Wachtel
    Short-seller Chanos: Moody's, S&P wrong on China By Katya Wachtel NEW YORK | Tue Dec 6, 2011 4:46pm EST (Reuters) - Hedge fund manager James Chanos, who has been a long-time skeptic on the Chinese growth story, is sticking with his gloomy view of ratings agencies Moody's Corp (MCO.N) and Standard and Poor's, saying their rosy outlook on China's debt only bolsters his bearish bet. The famed short-seller said he's puzzled by the readiness of S&P, a division of McGraw-Hill Companies Inc (MHP.N), to downgrade the sovereign debt of countries like the United States and much of Europe while continuing...
  • All EU ratings threatened by crisis: Moody's

    11/28/2011 12:48:58 AM PST · by TigerLikesRooster · 10 replies
    AFP ^ | 11/27/11
    All EU ratings threatened by crisis: Moody's US rating agency Moody's warned Monday that all European Union sovereign ratings were threatened by the current financial crisis. "The continued rapid escalation of the euro area sovereign and banking credit crisis is threatening the credit standing of all European sovereigns," the agency said in a new special comment. Moody's said that "in the absence of policy measures that stabilise market conditions over the short term, or those conditions stabilising for any other reason, credit risk will continue to rise." Greece, Ireland and Portugal all suffered rating downgrades that accelerated unsustainable rises in...
  • Moody’s reviews Penn State rating

    11/12/2011 1:52:26 PM PST · by tcrlaf · 22 replies
    FT ^ | 11-11-11 | Nicolle bullock
    Moody’s Investors Service said it may downgrade the credit ratings of Pennsylvania State University in a sign of the potential scope of the fallout from a sexual abuse scandal at the school. (SNIP) The university now carries high ratings because it has been popular with prospective students, top professors and generous donors, but also because of its efforts over the past 20 years to develop its research capabilities. The university owns the Hershey Medical Center, a hospital that contributed 26 per cent of the school’s $4.6bn in operating revenues in the year ended June 30. Penn State’s football programme contributes...
  • S&P says mistakenly announced French downgrade

    11/10/2011 5:31:33 PM PST · by TigerLikesRooster · 13 replies
    AFP ^ | 11/11/11
    S&P says mistakenly announced French downgrade (AFP) – 7 hours ago PARIS — Ratings agency Standard and Poor's said Thursday that it had mistakenly announced to some clients a downgrade of France's top "AAA" credit rating, amid speculation of just such a move. "As a result of a technical error, a message was automatically disseminated today to some subscribers of S&P's Global Credit Portal suggesting that France's credit rating had been changed," S&P said in a statement. "This is not the case: the ratings on Republic of France remain 'AAA/A-1+' with a stable outlook and this incident is not related...
  • Moody's cuts Spain by 2 notches, sees funding risks

    10/18/2011 3:45:31 PM PDT · by TigerLikesRooster · 6 replies
    Reuters ^ | 10/18/11 | Walter Brandimarte
    Moody's cuts Spain by 2 notches, sees funding risks By Walter Brandimarte NEW YORK | Tue Oct 18, 2011 6:19pm EDT (Reuters) - Moody's Investors Service on Tuesday cut Spain's sovereign ratings by two notches, saying high levels of debt in the banking and corporate sectors leave the country vulnerable to funding stress. Worsening growth prospects for the euro zone will also make it more challenging for Spain to reach its ambitious fiscal targets, the ratings agency added. Spain could be downgraded again if the euro zone debt crisis escalates further, Moody's warned. "Since placing Spain's ratings under review in...
  • Latest McClatchy/Marist poll: 39% Approval Rating for Obama, Lowest of Presidency

    09/20/2011 9:38:36 AM PDT · by DestroyLiberalism · 43 replies
    McClatchy-Marist ^ | September 20, 2011 | Marist
    President Barack Obama faces a litany of bad news. The president’s job approval rating, his favorability, and his rating on the economy have hit all-time lows. To compound matters, three in four Americans still believe the nation is in a recession and the proportion who thinks the country is moving in the wrong direction is at its highest point in more than a decade. President Barack Obama According to this McClatchy-Marist Poll, the president’s approval rating is at 39% among registered voters nationally, an all-time low for Mr. Obama. For the first time a majority — 52% — disapproves of...
  • Bulgaria Debt Cheaper to Insure than Higher-Rated Spain

    09/19/2011 4:15:06 PM PDT · by TigerLikesRooster · 3 replies · 1+ views
    Noinvite ^ | 09/19/11
    Bulgaria Debt Cheaper to Insure than Higher-Rated Spain Finance | September 19, 2011, Monday| 427 views A placard reading `No to social cutbacks` is seen at the head of a demonstration called by the movement 15-M (also known as `indignados`) against the privatization of public services and welfare cuts, in Pamplona, Spain, 18 Sept. Photo by EPA/BGNES Major rating agencies once again came under fire on Monday after it emerged that the debt of Spain, whose credit status is Aa2, is more expensive to insure than Baa2-rated Bulgaria. The cost of insuring Spanish debt against default rose to 390, compared...
  • Field Poll: Obama approval rating at 46% in state (Even in California: Time for Change?)

    09/14/2011 9:40:08 AM PDT · by NormsRevenge · 15 replies
    SFGate.com ^ | 9/14/11 | Joe Garofoli
    Even as President Obama's approval rating has plummeted across the nation, it was always sunnier in California. Until now. For the first time since Obama became president in January 2009, fewer than half (46 percent) of California voters approve of his performance as president - a figure that's dropped eight percentage points in three months, according to a Field Poll survey of attitudes toward Obama released today. The poll of 1,001 registered state voters was taken Sept. 1-12. The margin of error is plus or minus 3.2 percentage points. Nationally, 43.9 percent of respondents approve of Obama's job performance, according...
  • Rasmussen Reports daily Presidential Tracking Poll (-22)

    09/08/2011 8:19:45 AM PDT · by GonzoGOP · 18 replies
    Rasmussen Reports ^ | 09/08/2011 | rasmussenreports.com
    Daily Presidential Tracking Poll The Rasmussen Reports daily Presidential Tracking Poll for Thursday shows that 20% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as president. Forty-two percent (42%) Strongly Disapprove, giving Obama a Presidential Approval Index rating of -22 (see trends).
  • How Australia got its triple-A credit rating back (got rid of Social Security - moved to 401k)

    09/01/2011 5:10:59 AM PDT · by Libloather · 1 replies
    8/31/11
    Link only - How Australia got its triple-A credit rating back
  • Moody's cuts Japan rating, blames politics (to Aa3)

    08/23/2011 10:03:06 PM PDT · by TigerLikesRooster · 17 replies
    Reuters ^ | 08/24/11 | Rie Ishiguro
    Moody's cuts Japan rating, blames politics By Rie Ishiguro | Reuters TOKYO (Reuters) - Moody's Investors Service cut its rating on Japan's government debt by one notch to Aa3 on Wednesday, blaming a build-up of debt since the 2009 global recession and revolving-door political leadership that has hampered effective economic strategies. Japan is preparing to elect its sixth leader in five years to replace unpopular Prime Minister Naoto Kan, under fire for his handling of the response to a March tsunami and subsequent radiation crisis at a crippled nuclear power plant. The downgrade, while not out of the blue, served...
  • The Fitch-uation: New Jersey Downgraded

    08/17/2011 2:00:45 PM PDT · by markomalley · 12 replies
    WSJ ^ | August 17, 2011 | Mark Gongloff
    Oh, man, what a bad day for New Jersey.First, Abercrombie & Fitch pays “Jersey Shore” “star” The Situation not to wear its clothing, and now Fitch — no relation — has gone and downgraded the entire state. What is it with these Fitches? Is anybody investigating the connection here? Full disclosure: I live in New Jersey.Fitch, the rater, not the retailer, writes: Fitch Ratings downgrades the State of New Jersey’s outstanding general obligation (GO) bonds to ‘AA-’ from ‘AA’.Fitch also downgrades to ‘AA-’ from ‘AA’ the rating on the Garden State Preservation Trust’s open space revenue bonds. Additionally, Fitch downgrades...
  • Fitch affirms U.S. at AAA, outlook stable

    08/16/2011 9:37:33 AM PDT · by SeekAndFind · 10 replies
    Reuters ^ | 08/16/2011 | By Burton Frierson
    (Reuters) - Fitch Ratings said on Tuesday it affirmed the United States' top-notch credit rating at AAA, giving the world's largest economy a reprieve after it was downgraded by Standard & Poor's little more than a week ago. Fitch said the outlook for the rating was stable. However, it warned that the United States was falling behind its peers among the AAA-rated nations on fiscal matters and the country had to show tangible results in its efforts to reduce the budget deficit. It said it would review its fiscal projections at the end of November and medium-term economic outlook by...
  • Breaking: Fitch Ratings backs US 'AAA' credit rating

    08/16/2011 6:52:04 AM PDT · by Hawk720 · 16 replies
    MSNBC ^ | 08/16/2011 | MSNBC News
    Fitch Ratings said Tuesday it will keep its rating on U.S. debt at the highest grade, AAA. It also says its outlook on the U.S. ratings is stable. The move gives the U.S. a reprieve after fellow ratings agency Standard & Poor's set off a tempest in the stock market last week by downgrading part of the U.S. debt rating from the highest grade to the second-highest grade. Fitch cited the United States' "flexible, diversified and wealthy economy," as well as its flexibility in monetary and exchange rates that allows it to adjust to marketplace shocks. The other main ratings...
  • Moodys lowers US economic outlook through 2012

    08/15/2011 8:41:44 PM PDT · by george76 · 22 replies
    AP ^ | August 15, 2011
    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
  • LA Times: With approval rating at new low, Obama launches three-day bus blitz

    08/15/2011 5:36:48 AM PDT · by Oldeconomybuyer · 30 replies
    Los Angeles Times ^ | August 15, 2011 | By James Oliphant and Peter Nicholas
    Minneapolis — Burdened by sagging poll numbers, hamstrung by poor economic news, and trapped in Washington for much of the summer because of the debt ceiling fight, President Obama will seek to reverse his recent fortunes by hitting the open road. Obama Monday will embark on a three-state, five-town bus tour deep in the heart of the American Midwest. The campaign-style swing comes at a time when a new Gallup Poll shows the president sliding below a 40 % approval rating for the first time. The White House maintains the president will confine his remarks to the economy and will...
  • Rush Media Montage: Obama vs. Bush Record Low Approval Rating

    08/15/2011 10:51:49 AM PDT · by RobinMasters · 12 replies
    HotAirPundit ^ | August 15, 2011 | HotAirPundit
    Rush Limbaugh plays a clip from CNN's American Morning about Obama's new record low approval rating from today. He then plays one from the archive from CNN's Wolf Blitzer when George W. Bush hit a record low approval rating. This is astounding.
  • New Low: Obama’s Job Approval Rating Sinks Below 40% For First Time

    08/14/2011 3:50:10 PM PDT · by freedom44 · 34 replies
    Blaze ^ | 8/14/11 | Blaze
    President Barack Obama’s job approval rating sunk below 40 percent for the first time, according to Gallup’s daily tracking poll. Data posted Sunday showed just 39 percent of Americans said they approve of Obama’s performance as president, while 54 percent said they disapprove. His approval ratings have been in the 40 percent range for much of the year, ticking up to the low 50s in May when Osama bin Laden was killed. At two and a half years into his presidency, Obama‘s approval ratings are lower than former President Bill Clinton’s were in August 1995. Former President George W. Bush’s...
  • Major world markets set to open after U.S. credit downgradeBy

    08/07/2011 5:07:01 PM PDT · by Presbyterian Reporter · 16 replies
    CNN ^ | August 7, 2011 | Tom Cohen
    Markets react to ratings cuts in the U.S.STORY HIGHLIGHTS NEW: Investors are weighing both the downgrade and the Investors are waiting anxiously for major world markets to open for Monday trading, following the U.S. credit rating downgrade to AA+ from the top rank of AAA. Stock futures tumbled more than 2% at the start of electronic trading Sunday, signaling a nasty investor reaction According to data from the Chicago Mercantile Exchange, S&P 500 futures fell 30 points, or 2.7%. Nasdaq-100 futures contracts slipped 54 points, or 2.5%. Dow Jones industrial average futures were 292 points, or 2.6%, lower. The futures...
  • Rep. Ryan’s warning

    08/07/2011 12:14:05 PM PDT · by americanophile · 61 replies · 1+ views
    Boston Herald ^ | August 7, 2011 | Boston Herald Editorial Staff
    Standard & Poor’s downgrade of the nation’s credit rating gives House Budget Committee Chairman Paul Ryan every right to say “I told you so.” Even earlier this week when President Obama was taking his victory lap for the debt-ceiling compromise, Ryan was disclosing the cold, hard truths of the economic troubles that lie ahead — truths that a jittery Wall Street has been more than aware of. In an oped column in Wednesday’s Wall Street Journal, the Wisconsin Republican reiterated, of course, that the president really has no budget plan. “The president’s February budget,” he wrote, “deliberately dodged the tough...
  • Kerry Blames The Tea Party For Credit Downgrade

    08/07/2011 10:17:45 AM PDT · by Steelfish · 64 replies
    Washington Times ^ | August 07, 2011 | Ben Wolfgang
    Kerry Blames The Tea Party For Credit Downgrade By Ben Wolfgang-The Washington Times1 Sen. John Kerry on Sunday laid the blame for the recent downgrade of the nation’s credit rating at the feet of conservative House Republicans. “I believe this is, without question, the tea party downgrade,” Mr. Kerry, Massachusetts Democrat, said on NBC’s “Meet the Press.” Standard & Poor’s rating agency on Friday dropped the U.S. credit rating from AAA to “AA+, questioning the ability of leaders in Washington to deal seriously with the nation’s debt crisis. The Obama administration’s debt-ceiling proposal, which included more spending cuts than the...
  • White House adviser blames tea party for downgrade (Axelrod)

    08/07/2011 10:08:27 AM PDT · by NormsRevenge · 153 replies
    Yahoo ^ | 8/7/11 | AP
    WASHINGTON (AP) — A top White House adviser is blaming the downgrade of the U.S. credit rating on tea party Republicans, whom he says were unwilling to compromise on how to reduce the federal debt. The adviser to President Barack Obama, David Axelrod, tells CBS' "Face the Nation" on Sunday .. ... .. also criticized GOP presidential candidates for not speaking up in favor of compromise.
  • MoveOn.org drives new liberal catch phrase: ‘Tea party downgrade’

    08/07/2011 1:13:08 PM PDT · by Sub-Driver · 146 replies · 1+ views
    MoveOn.org drives new liberal catch phrase: ‘Tea party downgrade’ Matthew Boyle - The Daily Caller 43 mins ago The left-wing activist group MoveOn.org picked up the new liberal slogan bashing conservatives for Standard & Poor’s U.S. credit rating downgrade: “Tea Party downgrade.” President Obama’s chief campaign strategist David Axelrod and Massachusetts Democratic Sen. John Kerry both used the phrase on Sunday talk shows. In a Sunday afternoon email to supporters, MoveOn.org accused tea partiers of being responsible for the first-ever credit downgrade in U.S. history. “This ‘tea party downgrade’ is a shameful blow to our nation’s honor and risks throwing...
  • Politicians points fingers over credit crisis (Axelrod blames Tea Party)

    08/07/2011 11:58:17 AM PDT · by Cincinatus' Wife · 26 replies
    Houston Chronicle ^ | August 7, 2011 | AP
    A top Obama adviser blames tea party for downgrade WASHINGTON — Who's to blame for the U.S. debt-ceiling mess? Politicians and political advisers took to the airwaves Sunday to point fingers, mostly at each other. David Axelrod, a top political adviser to President Barack Obama, blames the downgrade of the U.S. credit rating on tea party Republicans for being unwilling to compromise on how to reduce the federal debt. The Obama campaign strategist tells CBS' Face the Nation on Sunday that the decision by the Standard & Poor's credit agency to downgrade the U.S. from AAA to AA+ for the...
  • Dollar to drop on S&P move; safe-haven demand seen

    08/07/2011 3:57:34 AM PDT · by markomalley · 6 replies
    Reuters/Yahoo ^ | 8/7/11 | Saikat Chatterjee
    The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen on Monday, though any selling in response to ratings agency S&P's downgrade of the United States is likely to be tempered by the escalating crisis in the euro zone. The S&P cut in the U.S. long-term credit rating by a notch to AA-plus is an unprecedented blow and results from concerns about the nation's budget deficits and climbing debt burden. It called the outlook "negative," signaling another downgrade is possible in the next 12 to 18 months. "The initial reaction will be a high degree of uncertainty...
  • The Official Calls For Change Roll In: "Fire Tim Geithner"

    08/06/2011 5:47:28 PM PDT · by SeekAndFind · 23 replies
    Zero Hedge ^ | 08/06/2011 | Tyler Durden
    The first official demand for a change at the top as a result of the S&P downgrade has come in, courtesy of Indiana State Treasurer Richard Mourdock, who has just demanded the head of the most incompetent and tax evading Treasury Secretary in US history, on a silver platter. "President Obama should fire U.S. Secretary of the Treasury Tim Geithner over the debt downgrade. If Obama won't remove him, then the US Senate should withdraw its consent of Geithner's appointment to U.S. Treasury because someone in the White House needs to be held responsible for this disaster." Zero Hedge fully...
  • China demands U.S. 'live within its means' [ Not even the Commies call for more revenue AKA taxes! ]

    08/06/2011 5:43:45 PM PDT · by NoLibZone · 38 replies
    LA Times ^ | Aug 6 2011 | By David Pierson
    China, the largest foreign holder of United States debt, said Saturday that Washington needed to “cure its addiction to debts” and “live within its means,” just hours after the rating agency Standard & Poor’s downgraded America’s long-term debt. Though Beijing has few options other than to continue to buy United States Treasury bonds, Chinese officials are clearly concerned that the country’s substantial holdings of American debt, worth at least $1.1 trillion, are being devalued. “The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of...
  • After S&P downgrade, WH says 'we must do better'

    08/06/2011 2:42:35 PM PDT · by Justaham · 29 replies
    Associated Press ^ | Mark S. Smith
    WASHINGTON (AP) - President Barack Obama sought to distance himself Saturday from the bad news of the nation's first-ever credit-rating downgrade, but lawmakers and presidential candidates showed no such reticence—trading salvos over who's at fault and why. The president, spending the weekend at Camp David, left it to press secretary Jay Carney to say it's clear Washington "must do better" in tackling soaring deficits and other economic woes. A statement from Carney said talks that produced Tuesday's $2 trillion compromise on raising the U.S. borrowing limit had been too drawn-out and "divisive." But the statement didn't directly address Friday's move...
  • Reid:S&P downgrade backs Dems' call for more revenue

    08/06/2011 8:43:43 AM PDT · by Cheerio · 109 replies
    TheHill ^ | 08/05/11 | Jamie Klatell
    Standard & Poor's decision to downgrade the nation's credit rating reinforces Democrats' call for increasing tax revenue, Senate Majority Leader Harry Reid (D-Nev.) said Friday.
  • U.S. AAA credit rating DOWNGRADED for first time in history after Obama's debt deal

    08/06/2011 7:57:29 AM PDT · by KeyLargo · 68 replies · 1+ views
    Daily Mail UK ^ | Aug 6, 2011
    U.S. AAA credit rating DOWNGRADED for first time in history after Obama's debt deal Unprecedented move will send shockwaves globally S&P cuts long-term credit rating from AAA to AA+ Borrowing costs for consumers and government to rise Comes after Obama signed bill to reduce fiscal deficit By Daily Mail Reporter Last updated at 1:08 PM on 6th August 2011 The U.S. has lost its top-notch AAA credit rating from Standard & Poor's in an unprecedented reversal of fortune for the world's largest economy. S&P cut the long-term U.S. credit rating by one notch to AA+ on concerns about the government's...
  • The Doomsday Scenario Has Happened: Here's What Banks Said They Would Do

    08/06/2011 6:03:44 AM PDT · by blam · 23 replies · 1+ views
    TBI ^ | 8-6-2011 | Courtney Comstock
    The Doomsday Scenario Has Happened: Here's What Banks Said They Would Do US Treasury Building Courtney Comstock Aug. 6, 2011, 7:29 AM Friday night the S&P downgraded the U.S. credit rating from AAA to AA+. To bankers, a default, resulting in a downgrade, coupled with higher capital requirements is the "doomsday scenario" that banks said they were preparing for last month. This is totally different from a default, but banks were preparing for both. Phillips, a political economist at Goldman Sachs, warned clients on a conference call last month that financial sector banks might have higher capital requirements if Treasuries...
  • Obama officials attack S&P's credibility after downgrade

    08/05/2011 10:45:42 PM PDT · by tobyhill · 84 replies
    reuters ^ | 8/5/2011 | Glenn Somerville and Rachelle Younglai
    The Obama administration attacked the credibility of the analysis underlying Standard & Poor's decision to downgrade the United States' top credit rating on Friday, saying it had found a $2 trillion error. S&P was forced to remove the number from its analysis after Treasury officials discovered that the rating agency's estimates of the government's discretionary spending was $2 trillion too high, sources familiar with the discussions said.
  • Obama administration official calls S&P analysis 'way off' [ Wh says its S&P not TP's fault ]

    08/05/2011 11:00:44 PM PDT · by NoLibZone · 46 replies
    CNN ^ | Aug 5 2011
    The Obama administration angrily responded to Standard & Poor's decision Friday to downgrade the U.S. credit rating, with one senior official saying the agency's "analysis was way off." U.S. Treasury officials received S&P's analysis Friday afternoon and alerted the agency to an error that inflated U.S. deficits by $2 trillion, said the administration official, who was not authorized to speak for attribution. The agency acknowledged the mistake, but said it was sticking with its decision to lower the U.S. rating from a top score of AAA to AA+. "This is a facts-be-damned decision," the official said. "Their analysis was way...