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U.S. loses AAA credit rating from S&P
Yahoo.com via Reuters ^ | 8/5/11 | Walter Brandimarte

Posted on 08/05/2011 5:51:21 PM PDT by GQuagmire

NEW YORK (Reuters) - The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday, in a dramatic reversal of fortune for the world's largest economy.

S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about growing budget deficits.

U.S. Treasuries, once undisputedly seen as the safest investment in the world, are now rated lower than bonds issued by countries such as the UK, Germany, France or Canada

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Breaking News; Business/Economy; Government
KEYWORDS: 0bamaonthedownlow; 0bamathewhoreondrugs; 112th; aa; aaplus; affirmactionplus; barack0onthedownlow; barackonthedownlow; barackoonthedownlow; barrymaddog; barryonthedownlow; congress; creditrating; cutcapbalance; debt; debtceiling; debtlimit; democrats; downgrade; economy; electioni2012; failure; ftp; geithner; hopeychangey; husseinonthedownlow; iatz; ibtz; nobama2012; obama; obama2ff; obamanomics; obamaonthedownlow; rating; ratingservices; socialism; soros; spookydude; standardpoors; taxandspend; treasury; triplea; turbotaxtimmy; usa2aa; yourtaxdollarsatwork; zot; zotmania
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To: mware

I pray that the coming year will give hope to us again.

It HAS to!


261 posted on 08/05/2011 9:07:13 PM PDT by luvie (RUN, SARAH....R U N!!)
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To: twister881
5 miles east of Clovis, NM

Image Hosted by ImageShack.us

262 posted on 08/05/2011 9:07:52 PM PDT by Delta 21 (Make your choice ! There are NO civilians.)
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To: GQuagmire

He really is fundamentally changing our country.

Cloward-Pivens anyone?


263 posted on 08/05/2011 9:09:03 PM PDT by CriticalJ (Suppose you were an idiot. And suppose you were a member of Congress.. But then I repeat myself. MT)
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To: Raycpa

During the debt ceiling fight, didn’t the dems argue that the debt ceiling increase was needed for money already spent? Yes. So for them to say that all of a sudden it’s the “Tea Party’s” fault is phony. Over just three years, Obama and his fellow thieves have spent five trillion dollars more than they had coming in as revenue. There are consequences to such irresponsibility, and this is one of them.

CUT SPENDING!


264 posted on 08/05/2011 9:09:15 PM PDT by TenthAmendmentChampion (Darwinism is to Genesis as Global Warming is to Revelations.)
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To: who knows what evil?

“Michele Bachmann also stated that President Obama has destroyed the credit rating of the United States...a bit over the top; but a GREAT sound-bite!”

Might not be over the top. It depends on how slippery coming down is.

Markets should be good indicator Monday.

If I were a trader I would be picking up a case of Malox and a bottle of Scotch for weekend.

Malox,Xanax,Depends, shortage around the bend.


265 posted on 08/05/2011 9:13:04 PM PDT by right way right (Put down the remote, and vote!)
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To: twister881; All

CONGRATULATIONS CITIZEN!!
You just got BONED by the runaway spending of the Democrat Party!

DO YOU GET IT, YET?
Elections really do have consequences. This isn’t American Idol.


266 posted on 08/05/2011 9:13:14 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: GQuagmire
Looks like we have confirmation of what we all knew. This idiot has completely destroyed the economy. We are doomed. Good luck having the teleprompter queen getting reelected.


267 posted on 08/05/2011 9:21:38 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: sheikdetailfeather
Huffingtonpost blames the tea party...I just checked...

Bunch of morons. The Tea Party does not control the US House, the US Senate or the US Executive. Yet the leftist maroons blame all their problems on the Tea Party. The Tea Party did not want the debt ceiling raised. If it had controlled DC, the debt ceiling would not have been raised, massive Federal cuts would have occurred and the US would still have a AAA rating.

268 posted on 08/05/2011 9:25:20 PM PDT by justa-hairyape
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To: right way right

I got one too from that POS


269 posted on 08/05/2011 9:26:27 PM PDT by PMAS
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To: tcrlaf

Well put!


270 posted on 08/05/2011 9:27:07 PM PDT by MNDude (so that's what they meant by Carter's second term)
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To: GQuagmire

Obama and the country club RINOS 2

America 0


271 posted on 08/05/2011 9:30:27 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: twister881

YEP!


272 posted on 08/05/2011 9:31:14 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: right way right

I didn’t get any spam. I count myself lucky!


273 posted on 08/05/2011 9:31:50 PM PDT by sheikdetailfeather ("Kick The Communists Out Of Your Govt. And Don't Accept Their Goodies"-Yuri Bezmenov-KGB Defector)
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To: right way right

I did too


274 posted on 08/05/2011 9:31:58 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: mandaladon

Somebody please get pics of that shindig and post them everywhere. People need to see what this a#%hole is off doing while the rest of us try to figure out how to hang on till we can get this s&#*head out of office!


275 posted on 08/05/2011 9:35:30 PM PDT by jackieh
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To: Nachum

I know you know about this, but... THE LIST!


276 posted on 08/05/2011 9:43:53 PM PDT by TenthAmendmentChampion (Darwinism is to Genesis as Global Warming is to Revelations.)
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To: Brandonmark

Hey guys....he thinks he’s doing a great job! Exactly what he planned. He said “change” .....you just thought he meant “good change.” Opps!


277 posted on 08/05/2011 9:44:26 PM PDT by jackieh
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To: rawhide
I suspect obamma does not really care about this news. He is probably out partying tonight, without a care in the world. He still has his job and he is set for life financially.

I think you are right. And when he loses his second term, he'll say America reverted back to her racist ways. When all the true history books are written, there will be counter arguments that "those" writers were all just racists. He's wealthy beyond all his hopes or dreams ever thought he would be. He has a Nobel Peace prize plaque to stick in his "Presidential" library. His two autobiographies and the ones he is yet to write - all extolling his brilliance and vision, of course. And, if they are lucky, he will steal all the loot he can from the White House (hillary taught him that) to furnish his own luxurious mansions in the islands somewhere like Hawaii or the Caymans - where all his stash is.

But, the bright spot is we will be rid of his sorry butt and can begin the healing of our land and return America to the place she began as a land of the free and the home of the brave.

278 posted on 08/05/2011 9:45:31 PM PDT by boatbums ( God is ready to assume full responsibility for the life wholly yielded to Him.)
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To: bigheadfred

Buy and hold long term don’t you know? Yeah, right.

Since 1-1-99 the DOW has gained just over 3%. Wonderful isn’t it?

We are all screwed except for the ruling class and the ultra rich.


279 posted on 08/05/2011 9:45:36 PM PDT by Sequoyah101 (Half the people are below average.)
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To: jackieh

280 posted on 08/05/2011 9:48:02 PM PDT by Brandonmark (2012: Our Hope IS Change!)
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