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I don't know why anyone takes these ratings agencies seriously. When S&P slapped a downgrade on US credit yields hit historal lows, which is a very clear demonstration of exactly how little influence these agencies have. Basically they are trying to hold a credit rating over the US' head to influence policy, and are basically ignored by everyone.
This is the PERFECT example of corrupt business and government hand-in-hand... All the rating agency said earlier that the Super Committee HAD to get a plan through otherwise there would be ratings cut.. remember when S&P did the rating cut and what happened as a result? The White House went after them... Now, none of the rating agency are doing the promised cuts if the Super Committee failed and now are threatening rating cuts (again) if they seek to undo the deficit cuts... Whose orders are PRIVATE companies doing this for? One answer... The White House... and that IS the corruption between businesses and government... and the liberals love it... ironic... if liberals get any smarter, they would be a rock...
We take them seriously, and rightly so because we can see that they are right in most, if not all of their "calls."
Math is an absolute. At some point after having printed trillions of dollars we know that our dollar is going to die. It will hyperinflate and be worthless.
The one and only downgrade of our nation's credit was just and right to do, and therefore I see wisdom in taking the downgrade seriously.
Both Republicans and Democrats are responsible. And, yes, I think more downgrades are inevitable.
No, not really. The Repubs offered virtually nothing by way of compromise. The Dems offered significant cuts in entitlements, if the Repubs would offer actual revenue increases. The Repubs refused. My fellow Centrists see that as well.
Who gives a sh*t...... we'll be going over the cliff eventually regardless of a downgrade, upgrade, sideways grade, bad grade, good grade or what ever grade !
S&P announced 2 days ago they would NOT downgrade based on the failed super committee failure.
S&P says it will not cut US credit rating based on failure of supercommittee to reach deal - The Washington Post (http://www.washingtonpost.com/business/sandp-says-it-will-not-cut-us-credit-rating-based-on-failure-of-supercommittee-to-reach-deal/2011/11/21/gIQApBi5iN_story.html - broken link)
Obama's historical Presidency: the first POTUS to invite credit downgrades upon this country. The first time was historic, the second time is just to prove he could do it again. Winning the future!
Another non-partisan post from our friend Bob the centrist.
Couldn't rep you again. But that is one of the funniest posts I've read in awhile.
Thank you.
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