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US Debt Outlook: Negative

 
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00cls1camaross
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PostPosted: Apr 18, 2011 9:50 pm    Post subject: US Debt Outlook: Negative Reply with quote

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?

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Wakebrad
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PostPosted: Apr 19, 2011 7:19 am    Post subject: Reply with quote

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.
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J-Ro
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PostPosted: Apr 19, 2011 8:46 am    Post subject: Reply with quote

I love how the President said it was politically motivated. God he is stupid.
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Nor*Cal
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PostPosted: Apr 20, 2011 11:59 pm    Post subject: Reply with quote

J-Ro wrote:
I love how the President said it was politically motivated. God he is stupid.


Crying or Very sad

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.

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imshirazy
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PostPosted: Apr 21, 2011 5:30 am    Post subject: Reply with quote

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.

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00cls1camaross
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PostPosted: Apr 24, 2011 9:10 am    Post subject: Reply with quote

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.

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PostPosted: Apr 25, 2011 11:00 am    Post subject: Reply with quote

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.


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.

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00cls1camaross
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PostPosted: Apr 28, 2011 12:50 pm    Post subject: Reply with quote

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.

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