S&P Downgrades US Credit Rating to AA-Plus

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I think we need a bit more than " my Bishop assured me in private" before jumping to the conclusion that any member of the hierarchy stated it was OK to vote for Obama
That’s all I’m willing to say. Believe me or not. It makes no difference to me. I was answering your rather snarky initial statement. The LOL one.
 
Not a lot to hope for on the economic horizon now, and the change has been one disaster after another.

And the main response of Democrats here is to still blame Bush?!!
If Obama has had no effect, nor is capable of doing anything, then he should never been elected in the first place.
Take the abortion equation out of Obama’s pro abort policies altogether…It is really amazing to me that people actually voted in someone that had been in the Senate for 2 yrs and voted “present” 90% of the time, and also had no other experience in Washington…the only background he had was a Chicago Community Organizer, and they thought he could run the most powerful (or used to be) Country in the world??? …REALLY? :rolleyes:
 
None of these financial crises we are seeing are black swans. Tens of thousands of people saw them coming and these crises are a natural and inevitable result of our stupid debt based monetary system.

In order for QE3 (aka printing money out of thin air) to be effective, Uncle Ben needs at least $900 billion. He can’t do it with $600 billion. Then QE4 $1.5 trillion. QE5 $3 trillion, etc. Eventually we get an end game. I don’t know which of the every bigger hit of QE\heroine it’s going to take to kill us but we certainly know one day it will.
 
Take the abortion equation out of Obama’s pro abort policies altogether…It is really amazing to me that people actually voted in someone that had been in the Senate for 2 yrs and voted “present” 90% of the time, and also had no other experience in Washington…the only background he had was a Chicago Community Organizer, and they thought he could run the most powerful (or used to be) Country in the world??? …REALLY? :rolleyes:
REALLY? Where do you get your information/ Is there a secret vault with talking points that can’t be disputed? Here’s his voting record.

projects.washingtonpost.com/congress/members/o000167/
 
None of these financial crises we are seeing are black swans. Tens of thousands of people saw them coming and these crises are a natural and inevitable result of our stupid debt based monetary system.

In order for QE3 (aka printing money out of thin air) to be effective, Uncle Ben needs at least $900 billion. He can’t do it with $600 billion. Then QE4 $1.5 trillion. QE5 $3 trillion, etc. Eventually we get an end game. I don’t know which of the every bigger hit of QE\heroine it’s going to take to kill us but we certainly know one day it will.
That goes on the government ledger as adding to the debt, without actually spending a penny of it or having it approved by Congress. But I see your point. Madoff couldn’t have done better.
 
MODERTOR NOTE

This thread is wandering, please stay on the topic of the S&P downgrade and related issues.
 
Take the abortion equation out of Obama’s pro abort policies altogether…It is really amazing to me that people actually voted in someone that had been in the Senate for 2 yrs and voted “present” 90% of the time, and also had no other experience in Washington…the only background he had was a Chicago Community Organizer, and they thought he could run the most powerful (or used to be) Country in the world??? …REALLY? :rolleyes:
Obama did have a lot of “Present” votes in the Illinois legislature, for sure.
My point was not so much as to the inherent weakness of his background, but to point out that some of the positions he has taken have been quite monstrous.
I don’t fault the Catholic hierarchy itself for being purposefully vague as to what kind of political system or party one can vote for. For sure, even the fascist systems of Franco and Mussolini would not engender a ban from supporting them as far as the Catholic hierarchy is concerned. Simply put, the Catholic Church is not in the business of politics and makes every effort not to be partisan.
Much is left to the individual Catholic as to what particular decisions they will make in their own political life. Our conscience must inform us, lest the Church be seen as partisan and raise the ire of the political power brokers.

But what kind of conscience would inform a voter who passes over not just Obama’s full support for abortion services, but will pass over his monstrous disregard for the comfort of aborted babies who were born alive? This strikes me as not just morally misinformed, but monstrously immoral—not just according to Catholic standard but to the standards held by even most normal human beings with or without benefit of religion.
Fair enough that a huge percentage of the population no longer understands abortion as moral. Unseen means unknown; out of sight is out of mind.
But even a moral imbecile fully understands that a baby born alive is a human being. To support the abortionist over the baby in this case, and for 50 % of the Catholic voting public to not even care, speaks very, very poorly of Catholics in general.

Obama was a weak candidate and it is not surprising that his presidency has been so weak. What he excels at is self-promotion through the electoral process. That is true enough, but that was not my point. Catholics voting for abortion was not even my point.

Catholics hiding behind the Church hierarchy all the while voting for a man who is just okay with babies being left to die in heaps of medical waste is my point.

Sorry, but I just cannot relate to these kind of people, not just as Catholics, but as human beings.
 
None of these financial crises we are seeing are black swans. Tens of thousands of people saw them coming and these crises are a natural and inevitable result of our stupid debt based monetary system.

In order for QE3 (aka printing money out of thin air) to be effective, Uncle Ben needs at least $900 billion. He can’t do it with $600 billion. Then QE4 $1.5 trillion. QE5 $3 trillion, etc. Eventually we get an end game. I don’t know which of the every bigger hit of QE\heroine it’s going to take to kill us but we certainly know one day it will.
This is what I don’t really understand about the Democrat’s position.
forget who to blame, and making political hay by playing the blame game.

Don’t they see these trillions of dollars of debt, with money being printed out of thin air, as a real existential problem for the country?

How can the Tea Party be responsible? I mean, if this is the reality, wouldn’t the problem be even bigger if forces of a more conservative fiscal party were not their reigning in the spending so that even bigger wads of cash are being created in order to pay for interest on the debt?

I guess they must be thinking that if Obama had even more money to spend, he would be able to spend America out of debt, or that money has no real relationship to the economy of the country anyway and is really just as easy as hitting a computer button to get more, with no consequences?

Maybe I am too simple to understand, but it is as the left is in a whole different reality than the one that I can relate to.
 
In principle it is wrong for people to be able to vote for tax increases on others if they are in no way ready to shoulder the burden too.
This will be the death knell of democracy. Just as our government was founded on the principle that taxation without representation is evil, so will it fall because it allows representation without taxation, power without responsibility. This current economic crisis is but the begining.
 
This is what I don’t really understand about the Democrat’s position.
forget who to blame, and making political hay by playing the blame game.

Don’t they see these trillions of dollars of debt, with money being printed out of thin air, as a real existential problem for the country?

How can the Tea Party be responsible? I mean, if this is the reality, wouldn’t the problem be even bigger if forces of a more conservative fiscal party were not their reigning in the spending so that even bigger wads of cash are being created in order to pay for interest on the debt?

I guess they must be thinking that if Obama had even more money to spend, he would be able to spend America out of debt, or that money has no real relationship to the economy of the country anyway and is really just as easy as hitting a computer button to get more, with no consequences?

Maybe I am too simple to understand, but it is as the left is in a whole different reality than the one that I can relate to.
Yes… democrats would have us believe that 1/4 of 1/2 of 1/3 of the government is to blame.

Oh and please get ready for the Democrat talking points word of the week “tea party downgrade”.
Moveon gave its followers the word and now on the Sunday shows its being spewed out there. John Kerry and Axelrod used it today.

Typical liberals… need someone else to form their thoughts for them.
 
This is what I don’t really understand about the Democrat’s position.
forget who to blame, and making political hay by playing the blame game.

Don’t they see these trillions of dollars of debt, with money being printed out of thin air, as a real existential problem for the country?

How can the Tea Party be responsible? I mean, if this is the reality, wouldn’t the problem be even bigger if forces of a more conservative fiscal party were not their reigning in the spending so that even bigger wads of cash are being created in order to pay for interest on the debt?

I guess they must be thinking that if Obama had even more money to spend, he would be able to spend America out of debt, or that money has no real relationship to the economy of the country anyway and is really just as easy as hitting a computer button to get more, with no consequences?

Maybe I am too simple to understand, but it is as the left is in a whole different reality than the one that I can relate to.
Excellent points.

I guess I would say that Democrats and MSM dislike the Tea Party because they feel (wrongly) it is all a bunch of selfish, upper-middle class whites “whining” that they have to pay taxes-----and refuse to “pay their share” and “spread the wealth around.” Had they agreed to raising taxes on wealthy people (from their viewpoint) none of this wpould have happened. That, basically, is in a nutshell what the source of the anger is all about.

Also------

The MSM and left in general CANNOT blame Obama. He’s the Messiah----remember?
(And yes, that was sort of uncharitable-----but I’m simply tapping into an unspoken, subsconscious view of MANY—not all----in the party. Goes as well for some in the Right regarding certain personalities.)

Just saying…
 
Yes… democrats would have us believe that 1/4 of 1/2 of 1/3 of the government is to blame.

Oh and please get ready for the Democrat talking points word of the week “tea party downgrade”.
Moveon gave its followers the word and now on the Sunday shows its being spewed out there. John Kerry and Axelrod used it today.

Typical liberals… need someone else to form their thoughts for them.
People on BOTH sides are to blame, but what MoveOn is spouting is nonsense.

Basically, classic misdirection and distraction propaganda. Demonize those evil “teabaggers” long enough and basically nobody will remember Obama’s role in all of this. This is what this is.

Yes, indeed. :rolleyes:😊
 
The S&P downgrade report specifically points out entitlements as being unsustainable and therefore being responsible for the downgrade:

Here is what the report says, “…the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.”

The white house can only blame itself. This administration blames everything on someone else every time something does not go in its favor.
 
“‘The Tea Party hasn’t destroyed Washington — Washington was destroyed before the Tea Party got there,’ Mr. Graham said. ‘The hope is that the Tea Party and middle-of-the-road people can find common ground to turn this country around before we become Greece. I hope we can.’”
Not possible. Greece can’t print its own money. Theoretically, the U.S. needs no tax revenues at all. Politically, it’s a different story.
 
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