[RummyChick]

THIS DOES NOT MEAN THAT REPUBLICANS SHOULD CAVE.

THIS MEANS WE HANG IT AROUND THE DEMOCRATS NECK ( no, Sheila, this is not a racist comment)

MAKE OBAMA AND THE DEMS OWN IT.

S&P wants 4 TRILLION in cuts. YOU GOT THAT

THE S&P BAZOOKA

[Wyatt's Torch]

Is this the Hank Paulson bazooka?

[muawiyah]

S&P is so funny.

They are threatening to downgrade the credit standing of a country with more assets than the next dozen countries combined.

[esoxmagnum]

In time it will be revealed that Obama or his cronies had a shakedown meeting with the heads of the S&P, you can bet on it.

[Cringing Negativism Network]

Why is this so confusing? In order to improve our credit standing, obviously we must borrow more money. Couldn't be simpler.

[muawiyah]

http://investor.mcgraw-hill.com/phoenix.zhtml?c=96562&p=irol-govboard ~ not a meaningless URL since McGraw-Hill OWNS S&P. The board members here are meaningful. First guy up A MEXICAN ~ need we say more. But the Second guy up looks to be ENGLISH but he is still a Director of Eli Lilly, and their candidate is undoubtedly Mitch Daniels. It’s worth reading about the people who make up the Board of Directors of the company that does the S&P stuff. Rather impressive, and no doubt as corrupt a group of people as has ever existed. A very good reason to sell the great foundations and trusts and give the money to the heirs and assigns!

[P-Marlowe]

I’m no expert but wouldn’t a crappy bond rating mean that we would be less able to borrow money and thus forced to balance the budget? I think in that case a ZZZ rating is what this country needs. At least until we get rid of the OBozo.

[Texas Fossil]

From the source The 15 Countries Buried Under The Most Debt (% of GDP)

   
#15 Portugal
   
#14 France
   
#13 Sri Lanka
   
#12 Sudan

#11 Ireland
   
#10 Belgium

#9 Singapore

#8 Italy

#7 Jamaica

#6 Iceland

#5 Greece

#4 Zimbabwe

#3 Lebanon

#2 Saint Kitts and Nevis

#1 Japan

[BobL]

“The outlook assigned at that time to the government bond rating would very likely be changed to negative at the conclusion of the review unless substantial and credible agreement is achieved on a budget that includes long-term deficit reduction.”

Rush pointed out that the credit agencies answer to the White House (thanks to the new financial regulatory laws). I didn’t have a problem with that, as they never did their jobs in the first place.

But now that they answer to the White House, they’re no different than GM, when GM says that they agree with Obama and that all cars should have no greater than a 49cc engine (i.e., a moped engine). Why would GM say that - because they are an arm of the White House and the boss told them to say it. Not too hard to figure out.