Know What Else Obama Inherited From Bush? A 'AAA' Rating!

NewsBusters ^ | August 06, 2011 | Noel Sheppard

[george76]

Know What Else Obama Inherited From Bush?

A 'AAA' Rating!

[LibertarianLiz]

LOL! Good one!

[cripplecreek]

But the tea party terrorists chose to shoot the hostages...... LOL

[americanophile]

The GOP should hammer Obama on this as part of an economy/debt/limited government campaign thrust...but probably won’t; we’ll get baited into an unpopular discussion about immigration, abortion or gay marriage by the Dems and lose independents and conservative Dems again.

[RC2]

You want to change the Constitution? Just add an amendment that states that any president that allows a down grade of our rating, will automatically be removed from office. No impeachment proceedings required. This amendment would apply to the existing president also.

[ken21]

ditto.

[fight_truth_decay]

Dept Ceiling has been raised 10 times since 2001, 74 times since '62.
Since 1990, the debt limit has been raised a total of $10.1 trillion, but nearly half of that increase has occurred since September 2007.

[tcrlaf]

Along with $1.90 gas, and 4.8% unemployment before Nancy Pelosi took Congress and began demonizing American Business.

Any CEO who still has his senses HAS to be looking at relocating outside of America now.

George Wiley’s Radical Black Chicago Socialist Dream is being fulfilled.

[fight_truth_decay]

The chart based primarily on data available as of March 2011 from the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO).-2011 Budget Chart Book

[Moonman62]

Obama also inherited a philosophy:

"I've abandoned free-market principles to save the free-market system"

George W. Bush, December 2008.

[griswold3]

‘teahadists’ like jihadists is the progressive’s new term for small government, low tax, free market enterprise individualists.

[silverleaf]

and a 6.5% unemployment rate

and a total public debt of $10.6 Trillion

[sr4402]

You heard about the U.S. Credit Downgrade: Now we can all be Standard and Poor.

[moovova]

‘teahadists’

I LIKE IT!!!

[fight_truth_decay]

Investopedia

AAA and AA: High credit-quality investment grade
AA and BBB: Medium credit-quality investment grade
BB, B, CCC, CC, C: Low credit-quality (non-investment grade), or "junk bonds"
D: Bonds in default for non-payment of principal and/or interest

"On average a double- A country pays about three-quarters of a point higher yield than a triple-A country. But nothing is black and white: Note that double-A Japan already pays a lower yield (1.09) than triple-A United States (3.00).

U.S. Treasury has All historical data on what it's paid for bonds since 1990.

[fight_truth_decay]

Investopedia

AAA and AA: High credit-quality investment grade
AA and BBB: Medium credit-quality investment grade
BB, B, CCC, CC, C: Low credit-quality (non-investment grade), or "junk bonds"
D: Bonds in default for non-payment of principal and/or interest

"On average a double- A country pays about three-quarters of a point higher yield than a triple-A country. But nothing is black and white: Note that double-A Japan already pays a lower yield (1.09) than triple-A United States (3.00).

U.S. Treasury has All historical data on what it's paid for bonds since 1990.

[fight_truth_decay]

Sorry for the double post-stuck!

But I some might not realize why countries like other countries say they are not worried in our rating change. America is still a good place to invest. I think the media also reports what they know nothing about. One has to ask who benefits most by this panic? The politicians are all saying they expected the market to drop, just listen to Boehner,--they all have come out and said, they "predicted" this would happen--the politicians on both sides of the aisle playing politics are responsible is my opinion. They knew, but investors did not and appear stunned? Who's fooling who?

Another day ruled by politics and lack of leadership.

It's the government that has outlived its usefulness.

The Hobbits may indeed save the world.

[fight_truth_decay]

Russia--Very sorry George, site sticking in posting [leaves]

[Jedidah]

This thread has the makings of a terrific campaign ad.

[Gator113]

Excellent point.

I find it amazing that World War I couldn’t do it. The Great Depression couldn’t do it. World War II couldn’t do it. The Cold War couldn’t do it. Even the immediate aftermath of 911 couldn’t do it.

It took only 3 miserable years of Obama to get the job done.

Certainly, decades of reckless and corrupt spending and management of our government helped to grease the skids, but Obama and his democrats were finally able to bring us down.

Only 3 years of an AA hire in the White House brought America to it’s knees.

God may forgive the loons that put those bastards in power, I know that I never will.