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Tyburn
08-01-2011, 11:59 AM
...thats the good news.

The bad news is...it may be too late...and either way I cant see him getting re-ellected.

So The Republicans idea of basically doing a review, and then deciding in a few months has been accepted. But the Democrats have avoided default...with about thirteen hours to go. Barack Obama has visible gray hairs he didnt have last week...its shocking!

The bad news is...it may be too little too late

Why?

Because the United States could never have defaulted...they would, had a default been the only option, taken money away from their populas to avoid it. So the credit rating is less about the physical inability to pay back China (mostly) and more about public confidence.

Firstly...the rest of the world has been watching, and I have got to tell you, we are largely unimpressed. We are unimpressed that the President of the United States, the Great Barack Obama, has been unable to influence with his sharp wit. We are also largely unimpressed that once again Republicans are not realizing that there is more at stake here then America.

What happens in America effects the whole world. Republicans have no quarms about, effectively, distroying the financial wellbeing of THE ENTIRE PLANET to make what many outside America believe is a petty point scoring contest to push this decision closer to the Ellections and bollox the process for Barack Obama.

Personally I aggree with the Republicans in terms of how they should cope with this...and I kinda admire the way they have dared to risk everything...BUT the rest of the world is not quite as pro Right Wing America as me.

Consequently...you might wake up on Tuesday to find your credit rating has been lowered regardless of the eleventh hour deal, largely in favour of the Republicans...because not many of us have confidence in your Nations Leadership abilities, and most of us are frankly tiered of being continually dragged through the shyte because your Government hasnt learned how to manage its money...and the fact it refuses to recognise the impact that has on its "friends" infact...it largely refuses to recognise its "Friends" at all now...and these are "Friends" who made serious errors of judgement in the past AT THEIR OWN EXPENSE, to find that as per usual, America is not willing, when push comes to shove, to think about anything but her self.

You are an extremely Selfish, and may I say foolhardy Nation, who is only just begining to realize that in less then century through gungho attitudes, and power going to your head, you have effectively ruined any chances of becoming a long term super power.

It is an embarissment...and in terms of Collonial Powers, you are fast becoming a flash in the pan I am sorry to say. Largely it is because your Government is Far to polarized...You either need a comprimise...which will never happen...or you need a good solid, and I mean a GOOD, SOLID Republican revolution which will drag the United States almost back into isolation to recover.

Regardless of what occures tommorow...you guys, as the ellectorate, and in accordance with your ideology that YOU, the Citizen are in charge, and NOT Washington Idiots...need to bully, harras, and ceasingly work on reforming, and bringing your Government to account. You need to purge the credit hoarders, and you need to do it post haste. Your Republicans need to get themselves together, they need to be strong, and they need to start acting.

By the time this review is finished, they need to be absolutely Dominant....or in the end...it wont matter at all. This is not just make or break for Republicans...its really make or break for the whole American establishment...it has move so far away from its original ideas that it is now a danger to everyone including itself...and its up to the Republicans to re-establish their Nation...and if the Republicans cant do it...then they need to say so...and someone needs to start a Constitutionalist party, and wipe out Washington politics all together, in time for the next General Ellection. You can not solely be fixed on ousting Barack Obama, without having a unified response. WHO is going to be the next Republican President...and WHY are they not getting global recognition and support NOW? There is no time for you to waste...and I sincerely hope the Republicans are not now going to congratulate themselves and sit back on the laurals for the next few months before plunging what will almost certainly be the final straw for the Obama administration into the capitol. Thats not good enough. I hope that your Senators realize this is the first step, and it was a bloody long time in comming.

I am sorry if you think this is being mean. But if you truely live by the thoughts you have spent ages talking to me about, you should understand this, and largely be in aggreement, and now, please GOD, be motivated to actually make this happen.

:)

Dethbob
08-01-2011, 01:22 PM
... unimpressed that once again Republicans are not realizing that there is more at stake here then America... Republicans have no quarms about, effectively, distroying the financial wellbeing of THE ENTIRE PLANET to make what many outside America believe is a petty point... because not many of us have confidence in your Nations Leadership abilities... America is not willing, when push comes to shove, to think about anything but her self... You are an extremely Selfish, and may I say foolhardy Nation... you have effectively ruined any chances of becoming a long term super power... an embarissment...and in terms of Collonial Powers, you are fast becoming a flash in the pan... and its up to the Republicans to re-establish their Nation... WHO is going to be the next Republican President...and WHY are they not getting global recognition and support NOW? There is no time for you to waste...and I sincerely hope the Republicans are not now going to congratulate themselves and sit back on the laurals for the next few months before plunging what will almost certainly be the final straw for the Obama administration into the capitol.

This is exactly why Conservatives donít care what Europeons think, because you have no idea what is going on. What is destroying the financial wellbeing of THE ENTIRE PLANET is the fact that people like Obama and most other world leaders think the taxpayerís money is free and that they can go on borrowing and spending on bribery projects to fund their influence forever, and the bill will never come due.

Please spare me the carrot of Colonial Power status and the cluck clucking about the need for us seek global approval. No one in America wants any such thing. We are taking care of our own business, and if we did this more often there would be much less for you to wring your hands about.

The Republicans, by the way, do not have that much to do with this. They allowed a lot of this to happen, and are only doing something about it now because we the people are not giving them a choice. I have no doubt at all that the Republicans will sit back and congratulate themselves on whatever we can force them to do, if it turns out to be popular later, but donít worry, we know better than to depend too much on them.

Tyburn
08-01-2011, 01:55 PM
This is exactly why Conservatives donít care what Europeons think, because you have no idea what is going on. What is destroying the financial wellbeing of THE ENTIRE PLANET is the fact that people like Obama and most other world leaders think the taxpayerís money is free and that they can go on borrowing and spending on bribery projects to fund their influence forever, and the bill will never come due.

Please spare me the carrot of Colonial Power status and the cluck clucking about the need for us seek global approval. No one in America wants any such thing. We are taking care of our own business, and if we did this more often there would be much less for you to wring your hands about.



Well you should care. This is about world wide public confidence, and lets face it, the number of people in Europe, and the Number of people in the Orient, kinda out weight the number of people in the US.


China is coming to get you! Do you understand that? You, personally may not care about colonialism...but your multinational companies, that form the backbone of your industry, and that terraform other countries in order to multiply and bring back profit...THEY DO...and they have a BIG impact...and its a matter of national security that they do for your nation to survive as it does.

Even if you despute ALL of that.

I tell you now. China is very much collonial...as its conquest of Africa at the expense of the US AS WE SPEAK is showing.

You have FOUR years of your Reign left unless you listen and you change. After that, Good luck to you, and GOD save us all...as the Planet becomes eclipsed by an Americans worst nightmare...a Communistic, collonial, ever expanding, ruthless, human rights disregarding Nation of Tyrants...the likes of which you have never seen before.

I would love for you to detail to me, in light of having just written off both democrats and republicans, exactly how you think that you are taking care of your own business. Nice words...but we dont see the action...I think thats the problem im trying to illustrate.

Feel free to educate dumb Englishman...:)

Dethbob
08-01-2011, 02:11 PM
Nice words...but we dont see the action...

And yet you started a thread to complain about that same action, hmm.

China is coming to get you!...a Communistic, collonial, ever expanding, ruthless, human rights disregarding Nation of Tyrants...

The world is always coming to an end, and the next time we do something about it the reaction from Europe will be just like the last time, condemnation, shaking of fists, gnashing of teeth, yawn.

Rev
08-01-2011, 04:15 PM
LOL. This is coming from the "man law", so ladies, please ignore this statement.
Dave, What ya'll think doesnt matter, because we can still kick ya'lls tail.
We may be broke, but we still throw the best hands.
lol
Dont freak out!! I'm just playing with you.

Dave, do you think it wise to come on here and speak like that to a forum made up mostly of Americans? You always complain about people starting crap in the Christianity section, so why are you doing it here? I'm not trying to start anything, I just dont understand you.

Neezar
08-01-2011, 04:44 PM
...

Consequently...you might wake up on Tuesday to find your credit rating has been lowered regardless of the eleventh hour deal, largely in favour of the Republicans...because not many of us have confidence in your Nations Leadership abilities, and most of us are frankly tiered of being continually dragged through the shyte because your Government hasnt learned how to manage its money...and the fact it refuses to recognise the impact that has on its "friends" infact...it largely refuses to recognise its "Friends" at all now...and these are "Friends" who made serious errors of judgement in the past AT THEIR OWN EXPENSE, to find that as per usual, America is not willing, when push comes to shove, to think about anything but her self.



"A man may fail but he isn't a failure until he begins to blame someone else."

Tyburn
08-01-2011, 05:20 PM
And yet you started a thread to complain about that same action, hmm.


No...I started a thread to tell you what the rest of the world was saying this morning. The Chinese paper was apparently really furious and horrible :unsure-1:

I gave you only one sentance of my own specific view on the american debt and how to deal with it.

Can noone read :huh:

Tyburn
08-01-2011, 05:22 PM
"A man may fail but he isn't a failure until he begins to blame someone else."

What you highlighted was not my specific view.


Though I do understand where people are coming from when their life gets harder due to some people on the otherside of the world. :laugh:

Dethbob
08-01-2011, 05:30 PM
No...I started a thread to tell you what the rest of the world was saying this morning. The Chinese paper was apparently really furious and horrible :unsure-1:

I gave you only one sentance of my own specific view on the american debt and how to deal with it.

Can noone read :huh:

Your original post mentions nothing about any Chinese paper or Ďrest of the world sayingí, are you trying to backtrack and say that you didnít write all that?

County Mike
08-01-2011, 05:36 PM
On behalf of the United States of America...



Suck It!

Buzzard
08-01-2011, 05:50 PM
"A man may fail but he isn't a failure until he begins to blame someone else."

You're on a roll with your quotes. I like 'em.

Buzzard
08-01-2011, 05:51 PM
On behalf of the United States of America...



Suck It!

I couldn't have said it better unless I wrote multiple paragraphs; even then it wouldn't have been said better, just longer winded like this simple post to say that I agree completely with what you said.

Rev
08-01-2011, 05:59 PM
I couldn't have said it better unless I wrote multiple paragraphs; even then it wouldn't have been said better, just longer winded like this simple post to say that I agree completely with what you said.

lol, nice:laugh:

Tyburn
08-01-2011, 06:02 PM
LOL. This is coming from the "man law", so ladies, please ignore this statement.
Dave, What ya'll think doesnt matter, because we can still kick ya'lls tail.
We may be broke, but we still throw the best hands.
lol
Dont freak out!! I'm just playing with you.

Dave, do you think it wise to come on here and speak like that to a forum made up mostly of Americans? You always complain about people starting crap in the Christianity section, so why are you doing it here? I'm not trying to start anything, I just dont understand you.

I can see their point...but I dont aggree with every single detail...Unlike most Europeans I dont have a problem with collonialism...and neither should they if they remember their own pasts. I recognise that England is far from guiltless in the handling of its Empire. Conflicts still rage today that are purely our mistake and legacy. I recognise that the Republican end of America is as close as one can get to what the world was like, what I feel the world should be like, certainly what the founders of America wanted. I dont have a problem with that...but I am not conventional in the european sense. I like the fact that Americans are culturally confident, I love the fact that they still have things classed as Sacred, that there is still something in thie culture they will physically defend. There is meaning there...whereas Europe is colourless, its all the same, nothing stands out, there is no cultural identity left. The want to include everyone and everything has left us with nothing still. Also there is just something about Americans that you simply cant get anywhere else. I cant explain it, but wherever they go there is fun, and joy...and an air of excitement, because they live in a world with absolutes, with right and wrong, and where things are still kept sacred....and they cant help but bring that with them wherever they go.

I dont need to know that something is perfect before I can love it. All my life it has been the same. I love Saint Paul's Cathedral, although the evil I encountered there knocked me back four years spiritually, and has left permanent scars. I still love her. I love England...even though she is not what she was. Even though she has more or less died. There is nothing English left, bearly anything British...we are all European now. Our laws look after the guilty, our criminals live in more luxury then the poor, our immigration control is non existant...our parliament takes orders from the European parliament, and a bastard supreme court imposed on us, appeared above the Crown....and NOONE CARES. But I still love her. I also love Israel...she is so naughty its unbelievable, she is so guilty of doing terrible things and she knows it :laugh: But I still Love her. I also Love America, whether you believe it or not isnt a concern to me, I believe that her principles when employed properly are the best system known to man, but I have no quarms about saying that she makes tonnes of mistakes. That doesnt tarnish anything...for two reasons...firstly, its the ideal or the spirit of the place that I really love, and secondly...love is a choice. once you choose to love something you must go on loving it even if you hate it, even if at times its sheer duty and nothing else.

If you dont understand any of that dont worry.

Tyburn
08-01-2011, 06:09 PM
Your original post mentions nothing about any Chinese paper or ‘rest of the world saying’, are you trying to backtrack and say that you didn’t write all that?

No I was telling you what others were thinking...probably the people who get to decide about the credit rating. :unsure: The chinese paper is just one thing I heard about, I would post that here...coz its bollox...but it is a great swaith of public opinion.

My point was that the deal to avoid default may still have come too late...and I was explaining WHY even with a deal before the deadline you may be downgraded...and the reason is, public opinion NOT fact is what effects your status. The entire financial world is built on confidence...not actuality...confidence.

Were you inspired with confidence by the way your Government reached the deal? Do you think non Americans would be inspired to have confidence in the United States after the last two weeks in Washington?

Because if the answer is NO..(and I gave you the low down on why the majority is probably no and that low down is all you focused on, what you think is just my opinion, what you think is stirring trouble and what you all are mooing about...except for County Mike...who actually gave a very reasoned, and very American response LOL)...you may still wake up tommorow to find this hasnt gone away.

County Mike
08-01-2011, 06:37 PM
...except for County Mike...who actually gave a very reasoned, and very American response

That's how I roll. :)

flo
08-01-2011, 07:20 PM
This is exactly why Conservatives donít care what Europeons think, because you have no idea what is going on. What is destroying the financial wellbeing of THE ENTIRE PLANET is the fact that people like Obama and most other world leaders think the taxpayerís money is free and that they can go on borrowing and spending on bribery projects to fund their influence forever, and the bill will never come due.

Please spare me the carrot of Colonial Power status and the cluck clucking about the need for us seek global approval. No one in America wants any such thing. We are taking care of our own business, and if we did this more often there would be much less for you to wring your hands about.

The Republicans, by the way, do not have that much to do with this. They allowed a lot of this to happen, and are only doing something about it now because we the people are not giving them a choice. I have no doubt at all that the Republicans will sit back and congratulate themselves on whatever we can force them to do, if it turns out to be popular later, but donít worry, we know better than to depend too much on them.

And yet you started a thread to complain about that same action, hmm.

The world is always coming to an end, and the next time we do something about it the reaction from Europe will be just like the last time, condemnation, shaking of fists, gnashing of teeth, yawn.


You hit the nail on the head multiple times, Dethbob. Well said.

Rev
08-01-2011, 08:23 PM
No I was telling you what others were thinking...probably the people who get to decide about the credit rating. :unsure: The chinese paper is just one thing I heard about, I would post that here...coz its bollox...but it is a great swaith of public opinion.

My point was that the deal to avoid default may still have come too late...and I was explaining WHY even with a deal before the deadline you may be downgraded...and the reason is, public opinion NOT fact is what effects your status. The entire financial world is built on confidence...not actuality...confidence.

Were you inspired with confidence by the way your Government reached the deal? Do you think non Americans would be inspired to have confidence in the United States after the last two weeks in Washington?

Because if the answer is NO..(and I gave you the low down on why the majority is probably no and that low down is all you focused on, what you think is just my opinion, what you think is stirring trouble and what you all are mooing about...except for County Mike...who actually gave a very reasoned, and very American response LOL)...you may still wake up tommorow to find this hasnt gone away.

LOL You should have seen my response before I relaxed and edited it. lol very "American".

Tyburn
08-01-2011, 08:37 PM
That's how I roll. :)

:laugh: http://www.youtube.com/watch?v=LA1lXhVf_Do :laugh:

Tyburn
08-01-2011, 08:38 PM
[/COLOR]

LOL You should have seen my response before I relaxed and edited it. lol very "American".

:laugh: I DID...and I typed out a huge response...then realized you'd edited :angry:

:laugh:

Rev
08-01-2011, 09:06 PM
:laugh: I DID...and I typed out a huge response...then realized you'd edited :angry:

:laugh:

lol

Rev
08-01-2011, 09:38 PM
Did you say that this was from a paper or something?
Cause I though you wrote it and it was all your opinions.
that was why I reacted the way i did at first.

Tyburn
08-01-2011, 10:18 PM
Did you say that this was from a paper or something?
Cause I though you wrote it and it was all your opinions.
that was why I reacted the way i did at first.

It my paraphrasing of about three papers I read this morning which were supposed to show the world reaction to the American Deal. I thought people would be happy, and I was glad the Republican won.

But people are not happy, they are so unhappy, that the deal may not be enough to overt catastrophe. So I outlined why. I have the ability to read other peoples arguments and paraphrase in my own language...and being English its what I hear people say about Americans all the time. Sometimes I can empathize, and mostly I can understand..but I dont always aggree.

The Chinese Paper I have not personally read, I heard about it through a secondary source that described it as "Furious" and "livid"

You all jumped on criticisms of the Republicans...without realizing, I also outlined first the criticisms against the Democrats. People are largely unimpressed that it took you guys so long to come to any decision, and they dislike the bickering from BOTH parties.

But then...some of them dont care enough to understand how American politics works, they dont know what either party stand for...all they know is whilst there is no deal, there is no safety, and the longer it takes, the less confidence they have in your Government.

Most of you picked what you wanted to read because at heart, you dont really accept anything that a Non American says about America. You dont want or like any advise, however relevant, or helpful, or unhelpful it might be.

There has been next to nothing in this political section about world politics outside what I bring to your attention...there is also grande occasions when I publish news in some state before anyone from that state does.

I cant help it :laugh:

Tyburn
08-01-2011, 10:24 PM
I hasten to add, that I think two out of the three companies that will make the final decision, presumably tonight...are based in America...with any luck they might choose to ignore public opinion and leave the credit rating alone...there is always hope :laugh:

Neezar
08-02-2011, 03:40 AM
It my paraphrasing of about three papers I read this morning which were supposed to show the world reaction to the American Deal. I thought people would be happy, and I was glad the Republican won.

But people are not happy, they are so unhappy, that the deal may not be enough to overt catastrophe. So I outlined why. I have the ability to read other peoples arguments and paraphrase in my own language...and being English its what I hear people say about Americans all the time. Sometimes I can empathize, and mostly I can understand..but I dont always aggree.

The Chinese Paper I have not personally read, I heard about it through a secondary source that described it as "Furious" and "livid"

You all jumped on criticisms of the Republicans...without realizing, I also outlined first the criticisms against the Democrats. People are largely unimpressed that it took you guys so long to come to any decision, and they dislike the bickering from BOTH parties.

But then...some of them dont care enough to understand how American politics works, they dont know what either party stand for...all they know is whilst there is no deal, there is no safety, and the longer it takes, the less confidence they have in your Government.

Most of you picked what you wanted to read because at heart, you dont really accept anything that a Non American says about America. You dont want or like any advise, however relevant, or helpful, or unhelpful it might be.

There has been next to nothing in this political section about world politics outside what I bring to your attention...there is also grande occasions when I publish news in some state before anyone from that state does.

I cant help it :laugh:

I wouldn't trust his paraphrasing. That is all I have to say. :laugh:

Bonnie
08-02-2011, 03:58 AM
It my paraphrasing of about three papers I read this morning which were supposed to show the world reaction to the American Deal. I thought people would be happy, and I was glad the Republican won.

But people are not happy, they are so unhappy, that the deal may not be enough to overt catastrophe. So I outlined why. I have the ability to read other peoples arguments and paraphrase in my own language...and being English its what I hear people say about Americans all the time. Sometimes I can empathize, and mostly I can understand..but I dont always aggree.

The Chinese Paper I have not personally read, I heard about it through a secondary source that described it as "Furious" and "livid"

You all jumped on criticisms of the Republicans...without realizing, I also outlined first the criticisms against the Democrats. People are largely unimpressed that it took you guys so long to come to any decision, and they dislike the bickering from BOTH parties.

But then...some of them dont care enough to understand how American politics works, they dont know what either party stand for...all they know is whilst there is no deal, there is no safety, and the longer it takes, the less confidence they have in your Government.

Most of you picked what you wanted to read because at heart, you dont really accept anything that a Non American says about America. You dont want or like any advise, however relevant, or helpful, or unhelpful it might be.

There has been next to nothing in this political section about world politics outside what I bring to your attention...there is also grande occasions when I publish news in some state before anyone from that state does.

I cant help it :laugh:

Dave! :laugh: Your thread title alone was good enough to start the conversation going about what's been going on in Washington with this debt ceiling deal. There were valid things in your original post like our credit rating, what that could mean regarding our loans, the elections, confidence... Just a suggestion, next time make sure everyone knows when you're paraphrasing from other sources and separate that part from your own thoughts on the matter. Maybe you won't catch so much flack next time. I doubt it, but, maybe... :laugh:

Also, we do realize we are not in a vacuum here in America and things we do here often can and do affect others and not just ourselves. Believe me, a lot of Americans are not happy with what's going on in Washington with these politicians and how disconnected they still seem to be with how unhappy we are with them and all the bickering that goes on. We're not blind either, we know they've always got in mind that next election in whatever they do. "What's going to get us votes" seems to be what drives the agenda instead of "what's best for our country". :wink:

Bonnie
08-02-2011, 04:01 AM
I wouldn't trust his paraphrasing. That is all I have to say. :laugh:

Maybe copy and paste is the better way to go. :laugh:

Tyburn
08-02-2011, 11:25 AM
I wouldn't trust his paraphrasing. That is all I have to say. :laugh:

:angry::laugh:

Tyburn
08-02-2011, 11:27 AM
Maybe copy and paste is the better way to go. :laugh:

I would usually...but this was a written paper from the library and I couldnt steal it to scan it in :ninja::laugh:

The photocopier was not working neither. :unsure-1:

Dethbob
08-02-2011, 12:46 PM
In the news this morning:

http://www.reuters.com/article/2011/08/02/us-usa-debt-downgrade-idUSTRE77052U20110802

By Ellen Freilich

NEW YORK | Tue Aug 2, 2011 7:51am EDT

NEW YORK (Reuters) - The United States could lose its triple-A credit rating from at least one rating agency this year, raising the question: Who cares?

Strange as it may sound, a downgrade could resound in financial markets more with a whimper than a bang.

As debate raged in Washington over raising the debt ceiling and avoiding a default, markets had plenty of time to factor in the thinking of Standard & Poor's, Moody's and Fitch on a potential downgrade.

"Market participants have the same information that ratings agencies do," said Michael Moran, chief economist at Daiwa Securities America in New York. "(That information) should already be reflected in interest rates."

Two ratings agencies, elected by no one, said $4 trillion in deficit-cutting measures would allow them to confirm the U.S. triple-A rating. Lawmakers, who in contrast must answer to American voters, agreed on less than $2.5 trillion in budget cuts, only some of them immediate.

That means S&P could downgrade U.S. ratings in the next few days or weeks. Moody's would likely confirm U.S. ratings, but slap a negative outlook on them, a sign of a possible downgrade in the next 12 to 18 months.

Still, historical experience suggests a downgrade would produce none of the bond-market angst some fear. Japan lost AAA status more that a decade ago and it has some of the lowest interest rates in the developed world.

As it was with Japan, the big issue for markets is the weak U.S. economy, which could slow further due to the spending cuts in the deficit-cutting deal.

This fiscal restraint could curb spending, job growth and inflation -- the biggest drivers of bond yields.

Also, investors see the United States in a much different situation than crisis countries such as Greece. Awash in debt though it is, the United States is still able to pay its bills while Treasury bonds remain liquid and in demand.

The bond market is the ultimate arbiter of sovereign debt worries, and low U.S. yields suggest none of the anxiety that sent Greek yields soaring during that country's fiscal crisis.

Benchmark 10-year yields now stand at 2.74 percent, which is just 0.7 percentage point from the all-time low and follows weeks of high-tension haggling and fears political paralysis could result in a default.

Still, a U.S. debt rating cut to AA-plus from AAA by Standard & Poor's is "the market's base case at the moment," said Krishna Memani, fixed-income director at OppenheimerFunds.

While bonds have done well, stocks and the dollar suffered during the debt impasse amid fears the political conflict would make it impossible to reach a deal to avoid default.

Some are skeptical of the heightened ratings rhetoric.

The Obama administration has grown frustrated with Standard & Poor's during the debt limit crisis and accused the ratings agency of changing the goal posts in its downgrade warnings.

Since October, S&P has accelerated its deadline three times for when it might downgrade the United States' credit rating.

"Based on the comments Standard & Poor's has made so far, they've backed themselves into a corner, making it very likely that we could see a downgrade," said Oliver Pursche, president at Gary Goldberg Financial Services in Suffern, New York.

But a well-telegraphed U.S. debt ratings downgrade pales in significance with evidence of flagging economic growth, including Monday's report showing U.S. manufacturing grew at its slowest pace in two years in July.

Consequently, a U.S. debt ratings downgrade would not cause yields to skyrocket, limiting the so-called knock-on effects on other interest rates, such as those on mortgages.

"We will see first-hand what it means to balance the budget and from an economic standpoint, it ain't gonna be a pretty picture," said David Rosenberg, chief economist and strategist at Gluskin Sheff in Toronto.

A fall in "discretionary" government spending to zero would lead to "a very deep recession," Rosenberg said.

Then, whether they are rated AAA or AA+, "you will find a lot of people buying Treasuries because that's what people will want to own when we go to a negative growth rate," he said.

rearnakedchoke
08-02-2011, 01:02 PM
hmmm .. a thread with Americans squabbling with an Englishman about US Politics is not the same without a Canadian butting in .. so what we all arguing about????

Dethbob
08-02-2011, 01:45 PM
I think weíve had a Texan in here too, so itís practically a UN meeting in here!

Neezar
08-02-2011, 01:57 PM
Dave wasn't paraphrasing a couple of articles that he read. That post was straight from his heart. This wasn't the first time he has said such things. This time he just started a thread with it and we had nothing better to do. :laugh:

County Mike
08-02-2011, 02:18 PM
For the record, I think our government is screwing up big time in many ways. My issue right now is the FAA Authorization Bill. Thousands of people are currently out of work without pay until congress signs the bill. They have no intention of signing it until AFTER they come back from their month long vacation. They're losing $BILLIONS due to the shutdown all over an issue that might save $200 million that they can't agree on.

STUPID!

Miss Foxy
08-02-2011, 02:55 PM
hmmm .. a thread with Americans squabbling with an Englishman about US Politics is not the same without a Canadian butting in .. so what we all arguing about????

Lol..

Bonnie
08-02-2011, 04:46 PM
I think we’ve had a Texan in here too, so it’s practically a UN meeting in here!

:laugh:

For the record, I think our government is screwing up big time in many ways. My issue right now is the FAA Authorization Bill. Thousands of people are currently out of work without pay until congress signs the bill. They have no intention of signing it until AFTER they come back from their month long vacation. They're losing $BILLIONS due to the shutdown all over an issue that might save $200 million that they can't agree on.

STUPID!

They don't care except when it comes election time. It's absolutely infuriating! :angry: I wish we had the power to yank their @$$e$ out without having to wait then maybe we'd start getting some actual work out of them. :punch:

Miss Foxy
08-02-2011, 04:55 PM
:laugh:



They don't care except when it comes election time. It's absolutely infuriating! :angry: I wish we had the power to yank their @$$e$ out without having to wait then maybe we'd start getting some actual work out of them. :punch:

True Texan baby--> Bonnie I must admit I LOVE when you go off!!! Your very correct with your post..

Tyburn
08-02-2011, 04:58 PM
I think weíve had a Texan in here too, so itís practically a UN meeting in here!

:laugh::laugh::laugh:

flo
08-02-2011, 07:37 PM
Well, I hope all sides in Congress are happy with their "sugar-coated satan sandwich" as Emanuel Cleaver put it; the Dow has now plunged 200 points, not a real plus to those of us with 401Ks.

Meanwhile, this has cleared the way for our spend-happy nincompoops to blow another 7 trillion dollars. $7,000,000,000,000.00

flo
08-02-2011, 07:39 PM
I think weíve had a Texan in here too, so itís practically a UN meeting in here!

Texas rawks! If it wasn't so dang hot, we'd move on down there where Bonnie's blue bonnets bloom!

Dethbob
08-03-2011, 12:49 PM
Texas rawks! If it wasn't so dang hot, we'd move on down there where Bonnie's blue bonnets bloom!

Too bad Obama wasnít from Texas, he might have turned out better.

CAVEMAN
08-03-2011, 04:22 PM
Well you should care. This is about world wide public confidence, and lets face it, the number of people in Europe, and the Number of people in the Orient, kinda out weight the number of people in the US.


China is coming to get you! Do you understand that? You, personally may not care about colonialism...but your multinational companies, that form the backbone of your industry, and that terraform other countries in order to multiply and bring back profit...THEY DO...and they have a BIG impact...and its a matter of national security that they do for your nation to survive as it does.

Even if you despute ALL of that.

I tell you now. China is very much collonial...as its conquest of Africa at the expense of the US AS WE SPEAK is showing.

You have FOUR years of your Reign left unless you listen and you change. After that, Good luck to you, and GOD save us all...as the Planet becomes eclipsed by an Americans worst nightmare...a Communistic, collonial, ever expanding, ruthless, human rights disregarding Nation of Tyrants...the likes of which you have never seen before.

I would love for you to detail to me, in light of having just written off both democrats and republicans, exactly how you think that you are taking care of your own business. Nice words...but we dont see the action...I think thats the problem im trying to illustrate.

Feel free to educate dumb Englishman...:)

I keep hearing alot of people say this and I'm a little confused about it. America's consumption of goods and services are the economic drivers of China right now. When we're broke, China is going to sell their goods to who...????.....NOBODY! They're economy will fold overnight! When America goes under, the rest of the world is going with, sad but true!

And notice I emphasized when...............we are never going to pay back $15,000,000,000,000. A financial tsunami is coming! The world is going to experience the biggest financial crisis it has ever seen. The only logical solution world political leaders will have is to go to a one world currency. This will cancel out debts and/or share debts, and stop the manipulation of different currencies. The stage is being set.

County Mike
08-03-2011, 06:38 PM
Can a country file for chapter 13 protection?

I suppose we could just say to China and whoever else we owe money...
"Here's the deal. For every Trillion dollars we owe you, we promise not to invade your country without reason for a full year." So, 15 years later, we're debt free.

Dethbob
08-03-2011, 07:04 PM
I suppose we could just say to China and whoever else we owe money...
"Here's the deal. For every Trillion dollars we owe you, we promise not to invade your country without reason for a full year." So, 15 years later, we're debt free.

Then we could start charging them a trillion dollars every year after that... of course we would first have to build a giant ďLASERĒ.

flo
08-08-2011, 06:24 PM
BO is going to keep Geithner and just HAD to give another lecture to us dopey subjects this morning. The DOW responded by dropping another 500 points to drop below 11,000.

:angry:

He talks, our 401K value diminishes.

County Mike
08-09-2011, 10:46 AM
The most successful terrorist so far.

DonnaMaria
08-09-2011, 03:56 PM
BO is going to keep Geithner and just HAD to give another lecture to us dopey subjects this morning. The DOW responded by dropping another 500 points to drop below 11,000.

:angry:

He talks, our 401K value diminishes.


I know.....it's horrible. I feel like I have nothing right now. First my pension and now my 401K. :cry: It's like the last 20 years of working have been for nothing. I had to talk my mom down from a ledge when we were in NYC. The DOW dropped 400 points while we were having lunch at a pizza place ( the TV was on CNN at the time ) and she went crazy. The owner thought she was going to pass out.