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Countries have been getting downgraded recently due to credit crisis and spending.
Greece and Portugal on 04/27/2010
Stocks plunge as Greece, Portugal debt downgraded | Philadelphia Inquirer | 04/28/2010 (http://www.philly.com/inquirer/business/20100428_Stocks_plunge_as_Greece__Portugal_debt_do wngraded.html - broken link)
We just gave the IMF a few hundred billion dollars to float Greece a loan, that's all. No, we're propping up these countries and doing the same thing they're doing with Obama's blessing. The domino ( Obamino?) effect will get us sooner rather than later.
Spain->run by Spanish Socialist Workers Party->CREDIT RATING DOWNGRADED AND FAILING
Portugal->run by Socialist Party and Social Democrat Party->CREDIT RATING DOWNGRADED AND FAILING
Greece->run by Panhellenic Socialist Movement->CREDIT RATING DOWNGRADED AND FAILING
Free market friendly nations like Hong Kong, Australia, Singapore, etc are doing just fine.
anyone seeing a trend there, or must I spell it out for you:
This is what Obama wants to model us after...European Socialism..just giving money away..oh by the way, how are all of those green jobs working out in Spain...losers
This is what Obama wants to model us after...European Socialism..just giving money away..oh by the way, how are all of those green jobs working out in Spain...losers
Most amazing that even though the "social democracy" model has a proven record for failure, idealistic simpletons and community organizers who never ran a business still advocate trying it here.
The economy of the US is too large to be compared to Greece's troubles. Our GDP is about 45times larger than that of Greece.
The national debt of Greece is around 100% of their GDP, and their debt was 1/45th lower than ours. We arent that far way than they are..
Quote:
Originally Posted by lmkcin
And besides our economy has turned around a lot in the past 4 months, more than was expected, thanks to the Democrats!
Right.. it was Republicans fault that economy collapses, even though Democrats held Congress, and its Democrats credit, even though they have done nothing to help us recover..
Our economy is turning around because its a V shaped recession.. They ALWAYS recover.. Despite politicians actions..
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