Posted on 12/13/2010 5:20:20 PM PST by RobinMasters
Moody’s gives the current busted Ponzi scheme a triple A? That alone tells me to steer clear of anything they do.
Me neither.
I’m just explaining why they’re now making such pronouncements based on “the tax legislation.” It has nothing to do with the legislation whatsoever. Moody’s announcement has to do with what the bond market has done in the last three/four sessions, ie, sell off *hard*.
Not surprising; given our current situation cutting taxes without cutting spending makes us more insolvent. Don’t think there’s a political motivation behind this. Prior to November, the Republicans came out and said that 2008 was their fiscal target. Well, in 2008 we had a deficit and a debt and both were getting worse. If we only roll things back to 2008, after what Obama has done we’re still heading for the cliff, we’re just jogging instead of running.
Don’t think it’s politically motivated.
But not TARP? Obamacare? Endless war to implement Global Benevolent Hedgemony? But no keeping in place the one thing Bush did right.
Moody's is turning into a true 'Blowhard' outfit. The spokesman for that clown conventions should say, "This time I really, really, really mean it."
As I recall, Moody’s, Fitch, and S&P are the three components of a government-protected cartel, which is probably the one reason why Moody’s is only now considering downgrading our debt.
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