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The Obama Administration: Our new Pearl Harbor

Whitewing

Well-known member
Ratings agency cuts long-term outlook from stable to negative for first time since Pearl Harbor attack 70 years ago

http://www.guardian.co.uk/business/2011/apr/18/us-economy-credit-rating

Shares fell heavily on Wall Street on Monday after a leading ratings agency fanned fears of Europe's debt crisis spreading across the Atlantic by issuing a strong warning about America's failure to tackle its budget deficit.

In a move seen by Wall Street as a "shot across the bows" of bickering politicians in Washington, Standard and Poor's (S&P) said it was cutting the outlook on the US's long-term rating from stable to negative for the first time since the attack on Pearl Harbor 70 years ago.

The announcement surprised the financial markets, where attention in recent months has been focused on the problems of the weaker nations of the eurozone. Renewed speculation that Greece will be forced to default on its debts led to a sharp sell-off in the euro, but S&P stressed that the US was not immune from the sovereign debt crisis.
 

Sandhusker

Well-known member
http://www.cnbc.com/id/42645647

This is the reply from that %$%$$ damn %^$%ing IDIOT that we have in the White House. I'm so damn mad I can set fires with my eyes right now.

"The Obama administration moved swiftly Monday to downplay ratings agency Standard & Poor's downgrade of its U.S. credit outlook, calling the decision a political judgment that should not be taken too seriously. "
 

Faster horses

Well-known member
I'm sure that's exactly how Obama feels. He's not taken anything
too seriously yet, so why start now?

For one thing, to take something to heart, you have to CARE first.
He doesn't care about this country or it's people,
except to take it down. That's been obvious for a long
time.
 

Whitewing

Well-known member
You guys remember all the libs whining about where the buck stops?

Don't hear that any more, do ya. They don't even use the word any more. :D
 
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