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U.S. loses AAA credit rating from S&P
Yahoo.com via Reuters ^ | 8/5/11 | Walter Brandimarte

Posted on 08/05/2011 5:51:21 PM PDT by GQuagmire

NEW YORK (Reuters) - The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday, in a dramatic reversal of fortune for the world's largest economy.

S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about growing budget deficits.

U.S. Treasuries, once undisputedly seen as the safest investment in the world, are now rated lower than bonds issued by countries such as the UK, Germany, France or Canada

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Breaking News; Business/Economy; Government
KEYWORDS: 0bamaonthedownlow; 0bamathewhoreondrugs; 112th; aa; aaplus; affirmactionplus; barack0onthedownlow; barackonthedownlow; barackoonthedownlow; barrymaddog; barryonthedownlow; congress; creditrating; cutcapbalance; debt; debtceiling; debtlimit; democrats; downgrade; economy; electioni2012; failure; ftp; geithner; hopeychangey; husseinonthedownlow; iatz; ibtz; nobama2012; obama; obama2ff; obamanomics; obamaonthedownlow; rating; ratingservices; socialism; soros; spookydude; standardpoors; taxandspend; treasury; triplea; turbotaxtimmy; usa2aa; yourtaxdollarsatwork; zot; zotmania
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To: GQuagmire

Another milestone passed in the “long march” to an elitist Marxist state.

Though dead 30 years or so, KGB director Yuri Andropov remains the most influential man of the 21st century.


221 posted on 08/05/2011 8:16:12 PM PDT by PaleoBob
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To: popdonnelly

Then I assume you were born AFTER Carter left the WH...


222 posted on 08/05/2011 8:16:29 PM PDT by ken5050 (uities)
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To: GQuagmire

About 2.5 years late!


223 posted on 08/05/2011 8:18:25 PM PDT by meyer (We will not sit down and shut up.)
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To: vox_freedom
Under Obama, S&P has downgraded the US from AAA to AA+..in effect they removed a "A"

We should therefore reciprocate, and remove an "A" from the president's name....we should now refer to him as Obam+

224 posted on 08/05/2011 8:19:14 PM PDT by ken5050 (uities)
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To: Jim Robinson
Here, Jim, let me add one into the pot.

FUDC!

(Remember, Sarah is still in Alaska.)

Cheers!

225 posted on 08/05/2011 8:19:22 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: KansasGirl

You got links to that info? Trying to argue with people on CNN.


226 posted on 08/05/2011 8:20:07 PM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: OwenKellogg; onyx; penelopesire; maggief; hoosiermama; SE Mom; Fred Nerks; Red Steel; LUV W; ...
Click for the full report

Research Update: United States of America Long-Term Rating Lowered To 'AA+' On Political Risks And Rising Debt Burden; Outlook Negative Primary Credit Analyst: Nikola G Swann, CFA, FRM, Toronto (1) 416-507-2582;nikola_swann@standardandpoors.com Secondary Contacts: John Chambers, CFA, New York (1) 212-438-7344;john_chambers@standardandpoors.com

Historic, in all these 235 proud years of a great nation, built by strong, hard working and solid citizens! And all it took was 2-1/2 years under the stewardship of a radical socialist, anti-American chief executive.

Beyond devastating, and recklessly/purposely engineered by our mister (p)resident alien. There's not a hot and miserable enough place ...

End this madness .. God bless and protect America!


227 posted on 08/05/2011 8:25:14 PM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: All

To Camp David
Obama departs for weekend

###

President Obama has left the White House for Camp David.

The pool reports Obama left the West Wing around 3:40 p.m., waving to a crowd as he boarded his helicopter. Valerie Jarrett, Reggie Love and Pete Souza are tagging along.

http://www.politico.com/politico44/perm/0811/to_camp_david_40871a30-80b2-40e9-b5ae-5c0b41cf2ab4.html


228 posted on 08/05/2011 8:28:14 PM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: ken5050
PREFECT ©
229 posted on 08/05/2011 8:28:37 PM PDT by vox_freedom (America is being tested as never before in its history. May God help us.)
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To: Rodm

Wall street crash Monday!


Next week is going to be rocky, to say the least.


230 posted on 08/05/2011 8:29:05 PM PDT by unkus (Silence Is Consent)
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To: GQuagmire

That explains why the market plunged yesterday...a day ahead of the announcement. Cheaters.


231 posted on 08/05/2011 8:29:39 PM PDT by jilliane
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To: STARWISE

It is going to take strength and resolve to undo what this
moron has done to our beloved America.

We had BETTER have strong stomachs for the next 1 1/2 years and not BLINK...like our congress pets did!


232 posted on 08/05/2011 8:31:49 PM PDT by luvie (RUN, SARAH....R U N!!)
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To: GQuagmire

I thought this week’s “deal” was supposed to prevent that from happening. Oh yeah, just like the stimulus package was supposed to create “shovel ready” jobs, and the GM and Chrysler bailouts were supposed to save the American Auto Industry. How come all the programs are sold to us in a panic, never live up to the promised standards, and yet, everybody is always surprised by the outcomes?


233 posted on 08/05/2011 8:36:05 PM PDT by Beave Meister (Die Hard Cubs Fan.....if it takes forever.)
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To: GQuagmire

When you become heavily indebted, as we are, you have to expect your economic and political status to sink. It’s happened before, most notably to the European nations.


234 posted on 08/05/2011 8:36:42 PM PDT by popdonnelly (The Liberal Era is over.)
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To: jilliane
That explains why the market plunged yesterday

You are absolutely correct. There are no secrets within the gang of power-mongers.

Looks like I will never retire.

235 posted on 08/05/2011 8:38:10 PM PDT by Glenn (iamtheresistance.org)
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To: who knows what evil?

Canada, France, Germany and the United Kingdom = AAA rating

New Zealand, Belgium = AA+ rating

Bermuda, Spain, and Qatar= AA Rating


236 posted on 08/05/2011 8:39:33 PM PDT by topfile
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To: GQuagmire

And Laura “Inside-the-Beltway” Ingraham said this was a huge win for the GOP when they did nothing to stop the increase of the Debt limit. Laura said: “We need to take what we can get...this is a victory for the GOP and country...”

Hey Laura...we’re not going to forget you slamming the Tea Party and our stand against raising the debt limit.

Fu*k you: Boehner, McConnell, and all the other GOP POS who could’ve prevented this by pushing CCB!


237 posted on 08/05/2011 8:39:53 PM PDT by Artcore
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To: LUV W
My financial advisor called me around noon trying to calm any fears I might have about the market.

I am pretty sure she did not expect this information to be dumped on a Friday night.

Think I am going to try and ride out the storm.

238 posted on 08/05/2011 8:42:04 PM PDT by mware (By all that you hold dear on this good earth, I bid you stand, Men of the Wes)
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To: GQuagmire
Photobucket
239 posted on 08/05/2011 8:42:54 PM PDT by mojitojoe ( 1400 years of existence & Islam has 2 main accomplishments, psychotic violence and goat curry)
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To: LUV W
It is going to take strength and resolve to undo what this moron has done to our beloved America.

While the Democrats (not just Obama) carry the lion's share of the blame, there have been a lot of Republicans who didn't have the courage to make a stand on this issue, and have looked the other way over the years.

240 posted on 08/05/2011 8:43:34 PM PDT by Rocky (REPEAL IT!)
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