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California ratings unchanged after election - S&P (Credit Ratings=Demo Disaster)
CBS MarketWatch.com ^
| 10/08/2003
| Greg Morcroft
Posted on 10/08/2003 9:57:15 AM PDT by 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
TOPICS: Business/Economy; Extended News; News/Current Events; Politics/Elections
KEYWORDS: bondage; california
Talk about Democrat "scorched earth!"
To: All
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2
posted on
10/08/2003 9:57:54 AM PDT
by
Support Free Republic
(Your support keeps Free Republic going strong!)
To: Grampa Dave; BOBTHENAILER; Liz; ScottinSacto
Anti Puke Politics Ping!!! Hopeful Repub Rescue Ping!!!
3
posted on
10/08/2003 10:00:08 AM PDT
by
SierraWasp
(I prefer consistent "Considerate Conservatives," to "Compassionate Conservatives," everytime !!!)
To: SierraWasp
Isn't it amazing how the left wing mediots/videots kept this little secret so quite re our Credit Rating.
4
posted on
10/08/2003 10:08:44 AM PDT
by
Grampa Dave
(Fight Liberalism 24/7/365 for only 17 cents / day. Donate $5 monthly to Free Republic.)
To: SierraWasp
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?
5
posted on
10/08/2003 10:17:01 AM PDT
by
AdamSelene235
(I always shoot for the moon......sometimes I hit London.- Von Braun)
To: SierraWasp
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.
6
posted on
10/08/2003 10:17:28 AM PDT
by
Blood of Tyrants
(Even if the government took all your earnings, you wouldn’t be, in its eyes, a slave.)
To: SierraWasp
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.
9
posted on
10/08/2003 10:40:21 AM PDT
by
upchuck
(Wanna make the Taglinus FreeRepublicus list? Simple-just jiggle jigsaw with yer credit card number :)
To: upchuck
"If Arnold can change the fiscal stability of CA"Where's he gonna git the "special effects" ta do that???
10
posted on
10/08/2003 10:48:55 AM PDT
by
SierraWasp
(I prefer consistent "Considerate Conservatives," to "Compassionate Conservatives," everytime !!!)
To: AdamSelene235
"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.
11
posted on
10/08/2003 10:59:34 AM PDT
by
Imal
(Strategery: Making the guy you just suckered think you're a sucker.)
To: BOBTHENAILER; Grampa Dave; Liz
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!!!
12
posted on
10/08/2003 11:17:01 AM PDT
by
SierraWasp
(I prefer consistent "Considerate Conservatives," to "Compassionate Conservatives," everytime !!!)
To: SierraWasp
Your One Stop Resource For All The California Recall News!
Want on our daily or major news ping lists? Freepmail DoctorZin
To: SierraWasp
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.
14
posted on
10/08/2003 12:26:37 PM PDT
by
Vets_Husband_and_Wife
(Our troops get it! We Thank God they do!! Remember ALWAYS 9-11)
To: SierraWasp
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.
15
posted on
10/08/2003 2:07:39 PM PDT
by
BOBTHENAILER
(One by one, in groups or whole armies.....we don't care how we getcha, but we will)
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