California ratings unchanged after election - S&P (Credit Ratings=Demo Disaster)

CBS MarketWatch.com ^ | 10/08/2003 | Greg Morcroft

[SierraWasp]

12:38PM California ratings unchanged after election - S&P by Greg Morcroft

NEW YORK (CBS.MW) -- Standard and Poor's chief credit analyst for California said the rating agency will affirm its rating on the state's financial status in a report to be issued later Wednesday. David Hitchcock told CBS MarketWatch that the main issue for California remains sorting out its structural deficit, the shortfall between the state's revenue and expenses, and that the election yesterday of actor Arnold Schwarzenegger as governor won't immediately resolve that issue. In July, S&P lowered California's rating to BBB, the lowest of any state

[SierraWasp]

Talk about Democrat "scorched earth!"

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[SierraWasp]

Anti Puke Politics Ping!!! Hopeful Repub Rescue Ping!!!

[Grampa Dave]

Isn't it amazing how the left wing mediots/videots kept this little secret so quite re our Credit Rating.

[AdamSelene235]

California's deficit is no worse than the Federal deficit on a percentage basis. Its almost as if the Feds have some magical power that the Constitution denied to the States.

Now what could that be?

[Blood of Tyrants]

Of course the credit rating ddn't change. That is because the people who determine these types of things forsee Arnold being sabotaged at every turn.

[upchuck]

S&P bases their bond ratings on a fiscal basis, not on a bunch of wudda, cudda, shudda fairy tales like those spread by Davis recently.

If Arnold can change the fiscal stability of CA, I'm sure the S&P rating will follow. Up or down.

[SierraWasp]

"If Arnold can change the fiscal stability of CA"

Where's he gonna git the "special effects" ta do that???

[Imal]

"Its almost as if the Feds have some magical power that the Constitution denied to the States."

"Now what could that be?"

The ability to print money.

[SierraWasp]

2:01PM Patterson CEO sees "train wreck" ahead for gas market (PTEN) by Lisa Sanders

SAN FRANCISCO (CBS.MW) -- The natural gas market is "headed for a train wreck" amid increasing demand for natural gas and decreasing supply, Cloyce Talbott, Chief Executive of Patterson-UTI Energy (PTEN) said at the Independent Petroleum Association of America's oil and gas conference in San Francisco. High natural gas prices are "likely to further increase demand for drilling services" during the 2003 to 2004 winter withdrawal season. Shares of Patterson were last at $28.48, up 7 cents.

Here's another GAS PAIN awaiting Arnold!!! It's gonna be "MALOX MOMENTS" galore!!! EnvironMentalista's have set many traps for the Governator!!!

[DoctorZIn]

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[Vets_Husband_and_Wife]

I wouldn't expect anything this soon.

The BUDGET isn't due for a couple months I believe.

We could probably expect to hear something around then.

[BOBTHENAILER]

Here's another GAS PAIN awaiting Arnold!!! It's gonna be "MALOX MOMENTS" galore!!! EnvironMentalista's have set many traps for the Governator!!!

Actually Arnold has a chance, at the stroke of a pen, to truly de-regulate CA. This will be painful at first, to the consumer, but will also help tremendously in the long run.

He may be able to renegotiate several long term contracts that Davis blew when his people writing them freaked out and signed some onerous ones.