Yes, it is.
S&P didn’t go nearly far enough. Treasuries are worth about a _C_ at best, but we can be sure that socialists will continue to rob bond investors.
“Rating downgrade: Did S&P get it right?”
No, because AA still implies that they expect the debt to someday be repaid. IDIOTS !!!
CNN whistling past the graveyard.
na.... they messed up they should of downgraded Obama’s economy to junk.
LMAO!
I stopped right there. I couldn't go any farther. LOL!
- Obama: “S&P made 2T error”
- Axelrod: “TP’s fault”
- Geithner: “Didnt really happen.”
- DNC- “Taxes too low and spend more”
- Chicoms- “The days of borrowing your way out of messes is over”
If CNN actually investigated or analyzed an issue their own ratings would not be in the tank as are Obama’s ratings.
At some point CNN is going to realize that carrying water for Obama is hazardous to their financial health.
The Democrat party downgrade is just another brilliant gift from His Hope and Changiness.
Downgraded?
This is the change you voted for?
S and P’s prez made it clear. They wanted to see 4 trillion in cuts in the next 5 years. Only plan that would have done that was shut out by Harry Reid. Tea Party not to blame!
S&P must have been awfully optimistic in 1941 since the bonds weren't payable in Yen or Reichsmarks. I don't think that it was considered a sure thing that we would win WW2 in 1941.
The dollar has been declining and the price of gold increasing since 2001. Somebody isn't surprised by this.
Let’s get it straight liberals. This is not the tea party’s fault. WE WERE TRYING TO BALANCE THE BUDGET IN ORDER TO AVOID THIS. YOU WERE THE ONES FIGHTING US EVERY GD STEP OF THE WAY YOU OBNOXIOUS, DELIRIOUS, OVER SPENDING, SOCIALIST *%#@s. We tried like hell to cut spending. But you convinced yourselves that spending more than you take in is a perfectly reasonable acceptable course of action. This is your fault liberals and you will most certainly be held accountable.
Or could S&P be playing power politics for the ‘12 elections?
Asian stock markets are now open.
Nikkei 225 9,202.10
8:42PM EDT -97.78 (1.05%)
Alls I knows is dis.
I ain’t buyin’ no gubmint treasure bonds no how!
The only ones to talk about default were Democrats. Everyone with a brain knew that not raising the debt ceiling did not mean default as there was plenty of revenue coming in to pay our sovereign debts. I did not hear one "tea party" person, or even Republican, suggest that we should default.
CNN, as usual, is full of BS.
S&P is behind the market as usual.
US credit default swaps are trading at 68 basis points which corresponds to a rating of BBB. That’s the present.
The future outlook is far worse. Any businessman given control of a company with a balance sheet like the US has would immediately demand a bankruptcy filing as a necessary prerequisite to restoring financial health.