[Sub-Driver]

FAIL........

[Bitsy]

Well if double 00 says so - it is. After all, would he lie to us? I don’t think so/s

[A message]

EPIC FAIL

[BCEagles]

Shut up you communist bastard.

(Not the OP; Obama).

[nightmarewhileawake]

impeach him now ... he is doing nothing to stop the falling markets ... he is actually cheering the crash on.
impeach this vindictive, passive-aggressive, narcissist
NOW !!!!!!!!!!!!!!!!!!!

[Red Badger]

What he means:

All Alinsky All the time!.........

[Buckeye McFrog]

which is another way of saying we are no longer a Major League Country

[TSgt]

Affirmative Action Credit Rating! LOL!

[fallujah-nuker]

Obama says U.S. is still a AAA country.

...with a "D" president.

[AngelesCrestHighway]

[jonrick46]

Zer0 is repeating the mantra that it was the Tea Party Freshmen that put the world in economic peril. The truth is this was our nation’s debt brought on by Zer0’s spending disaster.

[MNJohnnie]

With an F class political leadership.

[CPL BAUM]

[Pearls Before Swine]

Raise taxes, cut benefits on older voters first. I'm not saying they don't need to be cut, but lets cut out the waste. Just today I heard about $100 million to his friends in Somalia for famine relief; and Comcast, probably under pressure, giving $9.95 internet service to the poor while I pay several times that amount. Meanwhile FHA digs a big hole giving 3.5% down mortgages, the Federal government consumes over 25% of GDP, and the states are deep in the hole, too.

I don't want to pay for it twice over, as one who has worked my whole friggin' life to have some decent savings, and who is at the threshold of retirement to boot.

/rant off

[Sacajaweau]

You can't talk about the importance of their rating as a reason to raise the ceiling....and then take it back. What a bunch of jerks.

1. Get rid of Obamacare, Headstart, Govt. Union and those fat pensions.

Drill, frack, mine coal, mine rare minerals, a little foresting...it's about JOBS....it will produce income for the Federal Government.

They still don't get it.

[apillar]

Obama says U.S. is still a AAA country

The experts beg to differ...

(It reminds of the doting parent, who instead of telling the kid who brings home a report card with all C's that they need to work harder and spend less time watching TV, says "Don't feel bad honey, you're still an A student to me.")

[OldNewYork]

He’s half-right, which is to say he’s wrong. It’s the productive part of America that’s still triple A. The over 50% of the country that pays no taxes whatsoever is not, and are not even double A, and coincidentally happen to be the ones who more often than not voted him in and for whom he does whatever it is he does. Nor are the vast majority of illegal aliens. The more this country looks like the countries they’re from, the more our credit rating is going to look like the credit ratings of their countries.

[E. Pluribus Unum]

A Triple-A country with a Triple-X CINC.

[Billthedrill]

“Heck, you think the Greeks can screw up an economy? They’re nothing but pikers! We’re Number One! We’re Number One! We’re Number One!!!”

[Spok]

He has absolutely no idea what the downgrade means. None whatsoever.

[Zhang Fei]

This is the one rare instance in which I agree with the guy. The real problem with the downgrade is that it kicks into gear a lot of mechanical issues in regard to what bond funds have to do in order to get the average rating of their portfolios back up. Bottom line is that if Uncle Sam is AA, US corporate bonds are all one notch down from where they were before, meaning that to get the average ratings back up, they need to sell a lot of corporate bonds and buy Treasuries. Bottom line is we could see short term turbulence in the bond and equity markets because of these purely mechanical type portfolio rebalancings. And in the short term, Treasury bond yields will go down, whereas corporate bond yields will spike.