Posted on 08/05/2011 6:52:37 PM PDT by NoLibZone
on a Friday after closing, bet this gets somebodies attention - or not...
In other words, due to Obama and his Team.
It's going to keep dropping
bump
This is on the S&P website RIGHT NOW.
They aren’t reconsidering anything, or we wouldn’t be reading this.
I’m hoping some FReepers that know of such things can weigh in on just how bad this truly is. I’ve read so many theories and opinions, I don’t know what to believe. All I know, is this ain’t good!
Don’t forget Bush, Clinton, Bush, etc. All the way back.
We didn’t get here over night.
</sarcasm for the idiots>
Fire Obama — ASAP!!! Get that incompetent political fraud out of our White House and replace him with a pro-American, capitalist mind that will get our house in order.
I am sick of this creep and his mob of thugs and their policy to destroy our country.
Just more “change” we can believe in.
The average American has a better credit rating than the US government.
“All I know, is this aint good!”
Not unless you’re shorting the stock market Monday morning...
Palin ‘12!!!
This is what happens when our government is out of control and does whatever they want. Time for a big change and I’m not talking about the type of change Obama wants.
S&P 8-5-11 on US Rating Downgrade
Liberalism is killing our economy. We were knew this decades ago and the politicians did nothing but nibble around the edges. Too little people working and too many living off the .gov by welfare etc. and entitlements and .gov employees. The chickens are coming home to roost. The 1990’s were the roaring twenties. People in the .com bubble riding high and living high on the hog. Now people will just wonder if they can have a hog. Get ready and for those of us old enough think of your grandparents and how they lived during the depression. This time I do not know if this country has what it takes to make it through hard times. I am afraid of riots and such.
We were handling it until January 20, 2009.
The Chicago mob and the DC thugs are planning massive levels of pain and retribution against S&P for this dastardly act. S&P, and others considering following suit, will learn that you cross The One at your own peril.
god help us, this just keeps getting better and better.
If I hear or see the eupemism “revenue enhancement” one more time, I’m going to throw up.
It’s time for the taxpayers to tell the taxeaters to push away from the through.
Martin Armstrong believes that a lot of this money will go into stocks, driving the DJIA to 50,000 over time. He also believes the money will go into gold, driving it up to $5000 per ounce or higher.
Others believe that stocks will go the way of bonds and all other paper financial instruments, and the money will go into physical gold and silver, fueling a rise that could take gold to $12,500 or above.
We are in for interesting times.
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