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Moody's warning on California debt stuns state
Reuters ^ | 6/19/09 | Jim Christie

Posted on 06/19/2009 12:43:52 PM PDT by Kartographer

Moody's decision to place California's general obligation debt on alert for a possible "multi-notch" downgrade stunned state officials.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Government; US: California
KEYWORDS: creditrating; economy; moodys
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Clueless leading the blind leading the mentally impaired leading the...............
1 posted on 06/19/2009 12:43:52 PM PDT by Kartographer
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To: Kartographer

Stand by for the bail out that everyone’s busy denying.


2 posted on 06/19/2009 12:45:09 PM PDT by neodad (USS Vincennes (CG 49) We know how to deal with Iran.)
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To: Kartographer

Should have been downgraded years ago.


3 posted on 06/19/2009 12:47:03 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: Kartographer

stunned state officials?.....

They are stunned alright!... They don’t have a damn clue!


4 posted on 06/19/2009 12:47:29 PM PDT by AngelesCrestHighway
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To: Kartographer
Its unemployment rate jumped to 11.5 percent in May from 6.8 percent a year earlier, state officials reported on Friday.

Wow.

5 posted on 06/19/2009 12:48:18 PM PDT by TheWasteLand
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To: AngelesCrestHighway

Yeah, who could have seen that coming? Totally out of the blue, right?

lol


6 posted on 06/19/2009 12:48:51 PM PDT by Zeddicus
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To: neodad

And not a single Republican lawmaker with enough guts to seize the opportunity to point out the obvious. Sitting there on the tee, waiting to be hammered out of the park, a perfect, real world illustration of the end results of liberal policies, but no Republicans willing to say a word.


7 posted on 06/19/2009 12:49:01 PM PDT by raptor29
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To: raptor29

I’ve seen Tom McClintock speak out plenty of times. Good luck getting the MSM to carry his remarks.


8 posted on 06/19/2009 12:49:38 PM PDT by rom (Obama '12 slogan: Let's keep on hopin'!)
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To: Kartographer

Hope you Californians are ready for some new and increased taxes. Say, isn’t that how Hoover diverted the Great Depression? [/s]


9 posted on 06/19/2009 12:50:11 PM PDT by the anti-liberal
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To: neodad

Any California ‘official’ who is ‘stunned’ by this report needs to be run out of office on a rail, preferably coated in tar and feathers.


10 posted on 06/19/2009 12:50:19 PM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: Kartographer

I don’t know why this would stun them, they should have been expecting it.

The state is utterly mismanaged. Its the Socialism endgame. You can NOT tax businesses and high income earners to the point that they leave. Thats just the long and short of it. Business will either die, or leave, and fire employees.

Its time people GOT the damn lesson and STOP repeating it!


11 posted on 06/19/2009 12:51:52 PM PDT by Danae (Amerikan Unity My Ass)
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To: Kartographer

Liberals pushing unions who do work at 4x the market rate for 5-10 million illegals who do not contribute and send $25 billion back to Mexico when taxpayers foot the bill for services mandated by Marxist eco-whackos and lawyers who bet on the loser every single time...


12 posted on 06/19/2009 12:52:11 PM PDT by wac3rd (80 Carter/Obama 08)
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To: raptor29

Because most Republican politicians are for Big Government too.


13 posted on 06/19/2009 12:53:13 PM PDT by Boiling Pots (B. Hussein Obama: The final turd George W. Bush laid on America)
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To: Kartographer
Multi-notch downgrade....

Ouch.

14 posted on 06/19/2009 12:53:16 PM PDT by mojito
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To: neodad

Lots wife STUNNED by Salt.


15 posted on 06/19/2009 12:53:41 PM PDT by Colvin (Harry Reid is a sap sucking idiot.)
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To: Kartographer
Too funny! The Democrats show no willingness to do what is necessary to reduce debt then act surprised when it looks like they will be downgraded?


16 posted on 06/19/2009 12:54:25 PM PDT by VeniVidiVici (Gitmo detainees to Alcatraz!)
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To: Kartographer

Just more idiots “running” (or should I say “ruining” our country). We really need to vote out every single incumbent and then place term limits on all elected officials.

http://pushbackuntil.com


17 posted on 06/19/2009 12:55:37 PM PDT by DennisR (Look around - God gives countless, indisputable, and unambiguous clues that He does, indeed, exist.)
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To: rom

If McClintock or anyone else took the podium apart with a hammer, in a demand to be listened to, it would make the news. And the facts are, that’s what needs to be done, someone with enough guts to take the fallout from doing the extreme. We have no one, not yet anyway.


18 posted on 06/19/2009 12:55:41 PM PDT by raptor29
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To: Kartographer

Poor babies got their Beber Stuned.


19 posted on 06/19/2009 12:56:38 PM PDT by AFreeBird
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To: Kartographer

FRom bleak to ???

what a me$$!


20 posted on 06/19/2009 12:58:07 PM PDT by NormsRevenge (Semper Fi ... Godspeed.)
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