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00cls1camaross Newbie
Joined: 11 Apr 2011 Posts: 11
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Posted: Apr 18, 2011 9:50 pm Post subject: US Debt Outlook: Negative |
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Did you happen to read today that S&P issued out debt outlook to negative. I think it is about time they did something like that.
Opinions, thoughts, comments? _________________ Tow Bitch:
2002 Silverado Z71
BBK, 33 x 12.50, Cranked
Boat:
1985 SN 2001
Racecar:
2000 Camaro SS
Full Boltons, Cam, Slicks, Stall |
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Wakebrad Ladies Man
Joined: 11 Dec 2003 Posts: 12257 City: Dallas
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Posted: Apr 19, 2011 7:19 am Post subject: |
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It's a good thing, warning shot over the bow, letting us know our current policies are unsustainable. Something most have known for a long time. _________________ You have just entered the twilight zone. |
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J-Ro PityDaFool Who Posts This Much
Joined: 13 Jan 2003 Posts: 5662 City: Rocklin
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Posted: Apr 19, 2011 8:46 am Post subject: |
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I love how the President said it was politically motivated. God he is stupid. _________________ Steal My Book
Read My Blog
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Nor*Cal Ladies Man
Joined: 12 Jan 2003 Posts: 9479 City: Sac
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Posted: Apr 20, 2011 11:59 pm Post subject: |
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J-Ro wrote: | I love how the President said it was politically motivated. God he is stupid. |
Doing my best but his people aren't exactly listening, and I've talked to them... And JB's folks who are significantly more astute. _________________ If I agreed with you we would both be wrong. |
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imshirazy Outlaw
Joined: 01 Jul 2008 Posts: 117
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Posted: Apr 21, 2011 5:30 am Post subject: |
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J-Ro wrote: | I love how the President said it was politically motivated. God he is stupid. |
Come on now...I'm not the biggest fan either but you can't prove/disprove that it wasn't politically motivated.
Nonetheless, people blame both Bush and Obama for the economy, they both have little to do with it.
Only reason I hate talking politics is because no one including myself know what they're talking about. Everyone gets emotional and complains.
The Standard and Poor rating I guess could be a good thing, but it really doesn't make any sense for them to have released it.
It went to negative because of the political back and forth between Dems and Repubs on agreeing for what to cut. For them to release such a critique therefore, could indeed be political since they didn't wait for the arguments to settle first. Although they are still correct. _________________ 2008 LF witness board
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00cls1camaross Newbie
Joined: 11 Apr 2011 Posts: 11
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Posted: Apr 24, 2011 9:10 am Post subject: |
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I was happy they did it, it seemed necessary. I wonder what would happen if they downgraded our credit rating from AAA.
I have always felt it was some combination of the government, investors, and people that created this recession. I still feel that we should be in the recession. The government is artificially growing the economy. _________________ Tow Bitch:
2002 Silverado Z71
BBK, 33 x 12.50, Cranked
Boat:
1985 SN 2001
Racecar:
2000 Camaro SS
Full Boltons, Cam, Slicks, Stall |
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J-Ro PityDaFool Who Posts This Much
Joined: 13 Jan 2003 Posts: 5662 City: Rocklin
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Posted: Apr 25, 2011 11:00 am Post subject: |
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Quote: |
Come on now...I'm not the biggest fan either but you can't prove/disprove that it wasn't politically motivated.
Nonetheless, people blame both Bush and Obama for the economy, they both have little to do with it.
Only reason I hate talking politics is because no one including myself know what they're talking about. Everyone gets emotional and complains.
The Standard and Poor rating I guess could be a good thing, but it really doesn't make any sense for them to have released it.
It went to negative because of the political back and forth between Dems and Repubs on agreeing for what to cut. For them to release such a critique therefore, could indeed be political since they didn't wait for the arguments to settle first. Although they are still correct.
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S&P has no reason to be politically motivated. In fact if anything they have held back a year on issuing this. After the 2nd year of free money it should have been issued. Everyone in my industry that does not have a stake in it agrees. The Fed is destroying the credit of America and the policy makers at the Treasury and the politicians are certainly doing their part. _________________ Steal My Book
Read My Blog
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00cls1camaross Newbie
Joined: 11 Apr 2011 Posts: 11
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Posted: Apr 28, 2011 12:50 pm Post subject: |
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The Fed is destroying the dollar and is one of the causes for the oil prices going up.
I wonder how this will ultimately end up 20 years from now. _________________ Tow Bitch:
2002 Silverado Z71
BBK, 33 x 12.50, Cranked
Boat:
1985 SN 2001
Racecar:
2000 Camaro SS
Full Boltons, Cam, Slicks, Stall |
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