Adam Posted August 6, 2011 Share Posted August 6, 2011 It's certainly a combination of the two. CNN's reporting that S&P is confirming the story...but is delaying their downgrade because the feds identified "mistakes" in their economic model, which was apparently off by "trillions" of dollars. Given this administration's demonstrated abilities in the realm of economics and basic mathematics, I can't discount the chance that the "mistake" the government expressed was along the lines of "We regulate you, not the other way around. Downgrade our debt, and we'll !@#$ you in the ass, bitches." Can I have Clinton's domestic policy and Bush's second-term foreign policy, please? Not that is matters, but I would really like to know what President Bush would have been like if 9-11 didn't happen. It is amazing how circumstances shape things. Link to comment Share on other sites More sharing options...
Booster4324 Posted August 6, 2011 Share Posted August 6, 2011 Tweet from Reuters FLASH: S&P reconsiders U.S. downgrade after government challenge, CNBC reports Translation: After careful consideration and considering our recent history of being wrong, we have reconsidered our opinion. We would much rather not be reduced to nuclear rubble. Link to comment Share on other sites More sharing options...
DC Tom Posted August 6, 2011 Share Posted August 6, 2011 Translation: After careful consideration and considering our recent history of being wrong, we have reconsidered our opinion. We would much rather not be reduced to nuclear rubble. I thought it was probably more like "Our flight to Sweden has been delayed..." Link to comment Share on other sites More sharing options...
Booster4324 Posted August 6, 2011 Share Posted August 6, 2011 Link 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. In other news: "Reuters: BREAKING Terrorists have launched a nuclear missile at S&P headquarters" Link to comment Share on other sites More sharing options...
DC Tom Posted August 6, 2011 Share Posted August 6, 2011 Link In other news: "Reuters: BREAKING Terrorists have launched a nuclear missile at S&P headquarters" Yeah...no one can get their story straight. Seriously, for a moment...I've never heard of a corporation challenging a credit downgrade before now. Anyone know if that sort of thing happens often, or is that just a government perk? Link to comment Share on other sites More sharing options...
Booster4324 Posted August 6, 2011 Share Posted August 6, 2011 Link The credit rating agency says that it is cutting the country's top AAA rating by one notch to AA-plus. The credit agency said late Friday that it is making the move because the deficit reduction plan passed by Congress on Tuesday did not go far enough to stabilize the country's debt situation. Stories are flying. Link to comment Share on other sites More sharing options...
DC Tom Posted August 6, 2011 Share Posted August 6, 2011 Link Stories are flying. Who do you think the White House blames for this? Tea Partiers? Wall Street? Oil companies? Private jet owners? Who's the bogeyman this time? Link to comment Share on other sites More sharing options...
Booster4324 Posted August 6, 2011 Share Posted August 6, 2011 Who do you think the White House blames for this? Tea Partiers? Wall Street? Oil companies? Private jet owners? Who's the bogeyman this time? Tea Partiers, their ratings are in the toilet. I should note, I do not blame them. Link to comment Share on other sites More sharing options...
DC Tom Posted August 6, 2011 Share Posted August 6, 2011 Tea Partiers, their ratings are in the toilet. But not before claiming this is an issue that transcends partisan politics. "We - The White House, Congress, and the American People - must work together to address this issue. We're in this together, including the Republicans and their fat-cat Wall Street jet-owning backers who caused this problem with their refusal to pay their fair share..." I should note, I do not blame them. I actually kinda do...but no more or less so than everyone else in the House. Buncha !@#$ing kindergarteners. Link to comment Share on other sites More sharing options...
Booster4324 Posted August 6, 2011 Share Posted August 6, 2011 I actually kinda do...but no more or less so than everyone else in the House. Buncha !@#$ing kindergarteners. Perhaps blame them less would be better. Link to comment Share on other sites More sharing options...
/dev/null Posted August 6, 2011 Share Posted August 6, 2011 (edited) Perhaps blame them less would be better. Finding the fault and correcting it is not as important as finding out who to blame Welcome to America! Edited August 6, 2011 by /dev/null Link to comment Share on other sites More sharing options...
Booster4324 Posted August 6, 2011 Share Posted August 6, 2011 Finding the fault and correcting it is not as important as finding out who to blame Welcome to America! That is more human nature than it is US culture. Link to comment Share on other sites More sharing options...
DC Tom Posted August 6, 2011 Share Posted August 6, 2011 Perhaps blame them less would be better. Nah, the fundamental issue at work was everyone's unwillingness to work together, and instead play partisan politics. Virtually any halfwit knows that spending is unsustainable at current levels and revenue has to be increased to address the debt, not just the spending. Sadly, the congresscritters don't even rise to the level of "halfwit". Think about what that means. They're not even halfwits. They don't even rise to pBills' or Bishop Hedd's level, they're basically stuck at Dave_in_Norfolk or conner. That's who's running our country. Part of the statement from S&P I felt was interesting: "More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges." Translation: It's the Tea Partier's fault! [/Democrats] It's Obama's fault! [/Republicans] Is it Obama's fault? You betcha! [/sarah Palin] It's Bush's fault! [/pBills] The Book of Revelations predicted this! [/Dwight Drane] Damn blacks! [/DaveInElma] I like cheese! [/ieatcrayonz] And Dave_in_Norfolk will just babble incomprehensibly and then dump a plate of spaghetti over his head. That is more human nature than it is US culture. But only our "Victims are heroes, God bless them!" culture raises it to a goddamned art form. Link to comment Share on other sites More sharing options...
/dev/null Posted August 6, 2011 Share Posted August 6, 2011 And Dave_in_Norfolk will just babble incomprehensibly and then dump a plate of spaghetti over his head. You give Dave more credit than I would. I would have thought that Dave's response involved an unchanged diaper, a 6 pack of Ramen Noodles, and a Miley Cyrus blowup doll Link to comment Share on other sites More sharing options...
DC Tom Posted August 6, 2011 Share Posted August 6, 2011 You give Dave more credit than I would. I would have thought that Dave's response involved an unchanged diaper, a 6 pack of Ramen Noodles, and a Miley Cyrus blowup doll Why do you think he's not posting here? Just another Friday night in Norfolk... Link to comment Share on other sites More sharing options...
/dev/null Posted August 6, 2011 Share Posted August 6, 2011 Why do you think he's not posting here? Just another Friday night in Norfolk... Hey Hey Hey Now Don't f*ck with the lifestyles of my fellow Hampton Rodents Link to comment Share on other sites More sharing options...
DC Tom Posted August 6, 2011 Share Posted August 6, 2011 Hey Hey Hey Now Don't f*ck with the lifestyles of my fellow Hampton Rodents Oh God, that's right...you live near him. Guess I can't hold it against you...pBills and I share an area code, too... Link to comment Share on other sites More sharing options...
Booster4324 Posted August 6, 2011 Share Posted August 6, 2011 Oh God, that's right...you live near him. Guess I can't hold it against you...pBills and I share an area code, too... Oh please, you are pBills. No one could pretend to be that stupid. Well not consistently. Link to comment Share on other sites More sharing options...
/dev/null Posted August 6, 2011 Share Posted August 6, 2011 Oh God, that's right...you live near him. Guess I can't hold it against you...pBills and I share an area code, too... I don't live near Dave Dave lives near me Link to comment Share on other sites More sharing options...
Peace Posted August 6, 2011 Share Posted August 6, 2011 (edited) I am in DC for the weekend. Anything need fixing?The Marriott room bar has great chocolate almonds and Heineken. Edited August 6, 2011 by Peace Link to comment Share on other sites More sharing options...
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