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08-05-2011, 09:40 PM
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#1
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Veteran
Join Date: Mar 2009
Posts: 9,893
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No risk of a downgrade? No risk.
April 2011...
Peter Barnes “Is there a risk that the United States could lose its AAA credit rating? Yes or no?”
Geithner’s response: “No risk of that.”
“No risk?” Barnes asked.
“No risk,” Geithner said
Tonight...
U.S. credit rating downgraded
S&P strips prized AAA status
Calling the recent deficit-reduction deal inadequate, Standard & Poor's downgraded the U.S. long-term sovereign credit rating to AA+ from its top rank of AAA. Source: CNNMoney reports.
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08-05-2011, 09:43 PM
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#2
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Not to worry!!!!.....the Obama administration feels the S&P's analysis contained "deep and fundamental flaws."
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08-05-2011, 09:57 PM
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#3
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Veteran
Join Date: Mar 2009
Posts: 9,893
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08-05-2011, 10:20 PM
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#4
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Registered User
Join Date: Oct 2001
Posts: 46,884
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Quote:
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Originally Posted by Saratoga_Mike
Not to worry!!!!.....the Obama administration feels the S&P's analysis contained "deep and fundamental flaws."
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He felt pretty much the same way about the U.S. Constitution, and we can see what that has gotten America. 
Boxcar
__________________
Consistent profits can only be made on the basis of analysis that is far from obvious to the majority. - anonymous guru
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08-05-2011, 10:20 PM
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#5
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,887
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THIS was the impending crisis that every moron in DC failed to address.
Obama, Reid, Boehner......the three biggest losers in the history of this country.
We should ban all three of them from our shores forever.
__________________
Who does the Racing Form Detective like in this one?
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08-05-2011, 10:27 PM
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#6
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Registered User
Join Date: Aug 2004
Location: Behind the Pine Curtain
Posts: 10,646
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"Damn Tea B@gger$. They kept us from raising the debt ceiling, now see what happened....."
__________________
“We’re in a situation where we have put together, and you guys did it for our administration…President Obama’s administration before this. We have put together, I think, the most extensive and inclusive voter fraud organization in the history of American politics,” -Joe Biden
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08-05-2011, 10:30 PM
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#7
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Registered User
Join Date: Oct 2001
Posts: 46,884
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Quote:
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Originally Posted by Tom
THIS was the impending crisis that every moron in DC failed to address.
Obama, Reid, Boehner......the three biggest losers in the history of this country.
We should ban all three of them from our shores forever.
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You forgot one: McConnnel.
Boxcar
__________________
Consistent profits can only be made on the basis of analysis that is far from obvious to the majority. - anonymous guru
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08-05-2011, 10:44 PM
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#8
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Registered User
Join Date: Jan 2007
Posts: 18,962
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The first President to see a downgrade happen on his watch. 
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08-05-2011, 10:49 PM
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#9
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Refugee from Bowie
Join Date: Nov 2007
Posts: 1,598
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Owe-Bama says not to worry. He's working on a plan. "Think a 6 iron is enough club?" Fore!!!
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08-05-2011, 11:15 PM
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#10
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,887
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Good timing, while Obama is spending tax dollars on a fundraiser for personal reasons, he fails to do his job as prez and we get downgraded, which WAS NO SURPRISE - WE WERE TOLD HOW MUCH TO CUT SPENDING AND THE DEMS FAILED TO GET THE JOB DONE.
Had they listened to the TP, we would not have had it lowered - FACT.
The DEMS are 100% responsible for this. 100%.
__________________
Who does the Racing Form Detective like in this one?
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08-05-2011, 11:39 PM
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#11
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gelding
Join Date: Oct 2008
Posts: 8,883
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08-05-2011, 11:45 PM
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#12
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Registered User
Join Date: Apr 2008
Location: Louisiana
Posts: 5,597
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Quote:
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Originally Posted by FantasticDan
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Well duh...c'mon Dan it has to be the GOP fault...
After all its not like the dems controlled congress since 08 and could of passed whatever they wanted.......
Ohhh wait.....damn... 
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men,deriving their just powers from the consent of the
governed.
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08-06-2011, 12:45 AM
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#13
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Registered User
Join Date: Apr 2009
Posts: 2,194
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Quote:
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Originally Posted by newtothegame
Well duh...c'mon Dan it has to be the GOP fault...
After all its not like the dems controlled congress since 08 and could of passed whatever they wanted.......
Ohhh wait.....damn... |
This mess took the combined efforts of both parties... who now must actually
work together to fix it. Time for the finger pointing to end.
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08-06-2011, 12:56 AM
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#14
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Registered User
Join Date: Apr 2008
Location: Louisiana
Posts: 5,597
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Quote:
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Originally Posted by redshift1
This mess took the combined efforts of both parties... who now must actually
work together to fix it. Time for the finger pointing to end.
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Sorry red.....I agree with your statement that it took both parties to mess it up....but they wont work together...
dO YOU really THINK THAT TWELVE people, (6 from each party) will be able to sit down and work out a deal? Not too mention, as has been mentioned in other threads, does these TWO parties really hold the interest of all americans anymore???
Ok, so they (the twelve put out a proposal)....if its NOT approved by congress, an AUTOMATIC 1.5 trillion in cuts take place across the board.....
Does anyone actually believe either party will allow this scenario to happen???
So to prevent the "auto" mechanism from kicking in, they must approve what the "super committee" comes up with .....(now i am supposed to believe that 400 plus people in the house and 100 plus in the senate couldnt agree on a damn thing WITHIN THEIR OWN PARTIES much less together, qand now they magically will???
Trust me, AMERICA has been sold down the river here.....
Paul
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men,deriving their just powers from the consent of the
governed.
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08-06-2011, 01:10 AM
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#15
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Registered User
Join Date: Apr 2009
Posts: 2,194
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I never agree with you but in this case you may be right, especially in an election year with both parties fighting for control.
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