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U.S. on a Stable Outlook

A

Anonymous

Guest
On The Money feed

March 21, 2014, 07:49 am
Fitch drops US credit downgrade threat



By Peter Schroeder


The United States is no longer in danger of a credit downgrade from one top rating agency.

Fitch Ratings announced Friday that it was removing its “negative” outlook to the nation’s top AAA rating, and it now views that rating as “stable” as policymakers have regained the rater's confidence.



The main reason for the optimistic move was the prompt and drama-free boost to the nation’s borrowing cap earlier this year. Fitch said the “timely manner” of the boost “avoided casting uncertainty over the full faith and credit of the U.S., in contrast to the crises in August 2011 and October 2013.”
It was after that first debt limit standoff that Standard & Poor’s issued the first-ever downgrade to the nation’s credit rating. And Fitch last year placed the U.S. on a negative outlook for a downgrade amid the government shutdown and another debt limit battle, citing “political brinksmanship.”

Both S&P and Moody’s also have the U.S. on a stable outlook, so Fitch’s change means all major raters say the U.S. is in no danger of a downgrade for the foreseeable future.

In February, Congress agreed to suspend the nation’s borrowing cap until nearly a year from now, and without added conditions.

The move, which was made with time to spare before a damaging default, was seen by many as a crucial shift in how the U.S. approaches fiscal issues, as GOP lawmakers abandoned their long-held stance that no boost to the borrowing cap can come without some form of concession from Democrats.

Fitch also cited the recent budget agreement and spending package enacted by Washington as providing “coherence of economic policymaking.” The rater noted that the federal budget deficit has fallen significantly as Washington cut back and the economy grew.
Nice to see the raters putting a positive outlook on the economy...
Hopefully no nutcase Senator again decides to campaign using the taxpayers dollar to get his name in lights and shuts the country down costing the economy $25+ Billion and further screwing the ratings up...

What they call "political brinkmanship" I called "bullsh*t"...
 

Mike

Well-known member
They can't downgrade anymore cause Buckwheat's minions will sue for $BILLION$.....
Former U.S. Treasury Secretary Timothy Geithner told McGraw Hill Financial Inc. (MHFI) Chairman Harold W. McGraw III in 2011 that Standard & Poor’s downgrade of the U.S. debt would be met by a response, S&P said.

S&P filed a declaration by McGraw yesterday in federal court in Santa Ana, California, as part of a request to force the U.S. to hand over potential evidence that the company says will support its claim that the government filed a fraud lawsuit against it last year in retaliation for its downgrade of the U.S. debt two years earlier.

In his court statement, McGraw, 65, said Geithner called him on Aug. 8, 2011, after S&P was the only credit ratings company to downgrade the U.S. debt. Geithner, McGraw said, told him that S&P would be held accountable for the downgrade. Government officials have said the downgrade was based on an error by S&P.

“S&P’s conduct would be looked at very carefully,” Geithner told McGraw according to the filing. “Such behavior would not occur, he said, without a response from the government.”

The Justice Department last year accused S&P of lying about its ratings being free of conflicts of interest and may seek as much as $5 billion in civil penalties for losses to federally insured financial institutions that relied on the company’s investment-grade ratings for mortgage-backed securities and collateralized-debt obligations, or CDOs. The government alleged in its Feb. 4, 2013, complaint that S&P knowingly downplayed the risk on securities before the credit crisis to win business from investment banks seeking the highest possible ratings to help them sell the instruments.
 

Tam

Well-known member
Care to guess if the Credit rating agency was threatened either put out a good rating or ELSE by the Obama Administration Oldtimer? :wink:

“S&P filed a declaration by McGraw yesterday [Jan. 20] in federal court in Santa Ana, California, as part of a request to force the U.S. to hand over potential evidence that the company says will support its claim that the government filed a fraud lawsuit against it last year in retaliation for its downgrade of the U.S. debt two years earlier. In his court statement, McGraw, 65, said Geithner called him on Aug. 8, 2011, after S&P was the only credit ratings company to downgrade the U.S. debt. Geithner, McGraw said, told him that S&P would be held accountable for the downgrade. Government officials have said the downgrade was based on an error by S&P. ‘S&P’s conduct would be looked at very carefully,’ Geithner told McGraw, according to the filing. ‘Such behavior would not occur, he said, without a response from the government.’”

This is the problem with your Hero's Administration they have a proven history of lying and heavy handed Chicago tactics to protect the rhetoric they want the liberal loving media to spew for them. So everything that comes out has to be taken with a large doze of DOUBT especially when the Dems are facing the voters in a tough election cycle. :wink:
 

Tam

Well-known member
Oldtimer said:
On The Money feed

March 21, 2014, 07:49 am
Fitch drops US credit downgrade threat



By Peter Schroeder


The United States is no longer in danger of a credit downgrade from one top rating agency.

Fitch Ratings announced Friday that it was removing its “negative” outlook to the nation’s top AAA rating, and it now views that rating as “stable” as policymakers have regained the rater's confidence.



The main reason for the optimistic move was the prompt and drama-free boost to the nation’s borrowing cap earlier this year. Fitch said the “timely manner” of the boost “avoided casting uncertainty over the full faith and credit of the U.S., in contrast to the crises in August 2011 and October 2013.”
It was after that first debt limit standoff that Standard & Poor’s issued the first-ever downgrade to the nation’s credit rating. And Fitch last year placed the U.S. on a negative outlook for a downgrade amid the government shutdown and another debt limit battle, citing “political brinksmanship.”

Both S&P and Moody’s also have the U.S. on a stable outlook, so Fitch’s change means all major raters say the U.S. is in no danger of a downgrade for the foreseeable future.

In February, Congress agreed to suspend the nation’s borrowing cap until nearly a year from now, and without added conditions.

The move, which was made with time to spare before a damaging default, was seen by many as a crucial shift in how the U.S. approaches fiscal issues, as GOP lawmakers abandoned their long-held stance that no boost to the borrowing cap can come without some form of concession from Democrats.

Fitch also cited the recent budget agreement and spending package enacted by Washington as providing “coherence of economic policymaking.” The rater noted that the federal budget deficit has fallen significantly as Washington cut back and the economy grew.
Nice to see the raters putting a positive outlook on the economy...
Hopefully no nutcase Senator again decides to campaign using the taxpayers dollar to get his name in lights and shuts the country down costing the economy $25+ Billion and further screwing the ratings up...

What they call "political brinkmanship" I called "bullsh*t"...

Comical how you blame a Senator for shutting down the Government when Obama had the prefect opportunity to divert the shut down if he had just agreed with the REPUBLICANS and delayed the mandate of a bill that a MAJORITY of Americans want repealed. But Nope OBAMA forced the Shut Down, blamed the Republicans, punished the Military Vet that wanted to attend an OPEN AIR Memorial and the School kids wanting to visit the PEOPLE HOUSE that Obama's occupy and then when the Republicans buckled and gave him what he wanted He opened the Government and set about ILLEGALLY DELAYING AND AMENDING THE LAW OF THE LAND TO PROTECT DEMOCRAT CANDIDATES FACING RE-ELECTION.

I called Obama's Bipartisanship efforts B*LLSH*T as the man is and always will be the man of MY WAY OR THE HIGHWAY AND WHEN HIS WAY BLOWS UP IN HIS FACE BLAME OTHERS. :x

And people like you Oldtimer buy into every lie the idiot spews and DEFENDS them to the point you have no credibility left just like the Left Bias Media so called reporters that have sold their souls to protect your messiah. :roll:
 
A

Anonymous

Guest
Tam said:
Oldtimer said:
On The Money feed

March 21, 2014, 07:49 am
Fitch drops US credit downgrade threat



By Peter Schroeder


The United States is no longer in danger of a credit downgrade from one top rating agency.

Fitch Ratings announced Friday that it was removing its “negative” outlook to the nation’s top AAA rating, and it now views that rating as “stable” as policymakers have regained the rater's confidence.



The main reason for the optimistic move was the prompt and drama-free boost to the nation’s borrowing cap earlier this year. Fitch said the “timely manner” of the boost “avoided casting uncertainty over the full faith and credit of the U.S., in contrast to the crises in August 2011 and October 2013.”
It was after that first debt limit standoff that Standard & Poor’s issued the first-ever downgrade to the nation’s credit rating. And Fitch last year placed the U.S. on a negative outlook for a downgrade amid the government shutdown and another debt limit battle, citing “political brinksmanship.”

Both S&P and Moody’s also have the U.S. on a stable outlook, so Fitch’s change means all major raters say the U.S. is in no danger of a downgrade for the foreseeable future.

In February, Congress agreed to suspend the nation’s borrowing cap until nearly a year from now, and without added conditions.

The move, which was made with time to spare before a damaging default, was seen by many as a crucial shift in how the U.S. approaches fiscal issues, as GOP lawmakers abandoned their long-held stance that no boost to the borrowing cap can come without some form of concession from Democrats.

Fitch also cited the recent budget agreement and spending package enacted by Washington as providing “coherence of economic policymaking.” The rater noted that the federal budget deficit has fallen significantly as Washington cut back and the economy grew.
Nice to see the raters putting a positive outlook on the economy...
Hopefully no nutcase Senator again decides to campaign using the taxpayers dollar to get his name in lights and shuts the country down costing the economy $25+ Billion and further screwing the ratings up...

What they call "political brinkmanship" I called "bullsh*t"...

Comical how you blame a Senator for shutting down the Government when Obama had the prefect opportunity to divert the shut down if he had just agreed with the REPUBLICANS and delayed the mandate of a bill that a MAJORITY of Americans want repealed. But Nope OBAMA forced the Shut Down, blamed the Republicans, punished the Military Vet that wanted to attend an OPEN AIR Memorial and the School kids wanting to visit the PEOPLE HOUSE that Obama's occupy and then when the Republicans buckled and gave him what he wanted He opened the Government and set about ILLEGALLY DELAYING AND AMENDING THE LAW OF THE LAND TO PROTECT DEMOCRAT CANDIDATES FACING RE-ELECTION.

I called Obama's Bipartisanship efforts B*LLSH*T as the man is and always will be the man of MY WAY OR THE HIGHWAY AND WHEN HIS WAY BLOWS UP IN HIS FACE BLAME OTHERS. :x

And people like you Oldtimer buy into every lie the idiot spews and DEFENDS them to the point you have no credibility left just like the Left Bias Media so called reporters that have sold their souls to protect your messiah. :roll:

Why should the President back down when after 4 years which included passing ACA and after outlining his future plans to the nation- he is RE-ELECTED with a MAJORITY of ALL the nations voters and has a majority of the Senate backing him :???:
Remember-A pair of deuces will beat one ace- and he had the backing of 2/3rd of what is needed to get legislation... He was the one working from a position of power...

I think Cruz's move will come back to bite both the Tea Party and Republicans as a whole... The reason many in the Republican Party are now distancing themselves from the Tea Party....
 

hypocritexposer

Well-known member
Oldtimer said:
Why should the President back down when after 4 years which included passing ACA and after outlining his future plans to the nation- he is RE-ELECTED with a MAJORITY of ALL the nations voters and has a majority of the Senate backing him :???:




 

hypocritexposer

Well-known member
WASHINGTON - Federal Reserve Chairman Janet Yellen briefed the country Wednesday on the Fed's plans for the economy's problem-plagued recovery, sending Wall Street into a swoon.

It was her first news conference as the new head of the nation's central bank, and though she was cautious in her remarks, she suggested that economic data has improved more than many people, and other economists, think.

But it was the Fed's plans to start raising interest rates earlier than expected that came as an ice cold shower for the still- sluggish economy and for the stock market.

Yellen's remarks, following a report on the Fed's two-day meeting, sent the Dow Jones industrial average down by 114 points.
 

TexasBred

Well-known member
Oldtimer said:
Why should the President back down when after 4 years which included passing ACA and after outlining his future plans to the nation- he is RE-ELECTED with a MAJORITY of ALL the nations voters and has a majority of the Senate backing him :???:
Remember-A pair of deuces will beat one ace- and he had the backing of 2/3rd of what is needed to get legislation... He was the one working from a position of power...

I think Cruz's move will come back to bite both the Tea Party and Republicans as a whole... The reason many in the Republican Party are now distancing themselves from the Tea Party....
Being reelected doesn't mean you get an automatic rubber stamp to everything you propose. What kind of backing does he now have after being allowed to "have it his way"???
 

Tam

Well-known member
Oldtimer said:
Tam said:
Oldtimer said:
Nice to see the raters putting a positive outlook on the economy...
Hopefully no nutcase Senator again decides to campaign using the taxpayers dollar to get his name in lights and shuts the country down costing the economy $25+ Billion and further screwing the ratings up...

What they call "political brinkmanship" I called "bullsh*t"...

Comical how you blame a Senator for shutting down the Government when Obama had the prefect opportunity to divert the shut down if he had just agreed with the REPUBLICANS and delayed the mandate of a bill that a MAJORITY of Americans want repealed. But Nope OBAMA forced the Shut Down, blamed the Republicans, punished the Military Vet that wanted to attend an OPEN AIR Memorial and the School kids wanting to visit the PEOPLE HOUSE that Obama's occupy and then when the Republicans buckled and gave him what he wanted He opened the Government and set about ILLEGALLY DELAYING AND AMENDING THE LAW OF THE LAND TO PROTECT DEMOCRAT CANDIDATES FACING RE-ELECTION.

I called Obama's Bipartisanship efforts B*LLSH*T as the man is and always will be the man of MY WAY OR THE HIGHWAY AND WHEN HIS WAY BLOWS UP IN HIS FACE BLAME OTHERS. :x

And people like you Oldtimer buy into every lie the idiot spews and DEFENDS them to the point you have no credibility left just like the Left Bias Media so called reporters that have sold their souls to protect your messiah. :roll:

Why should the President back down when after 4 years which included passing ACA and after outlining his future plans to the nation- he is RE-ELECTED with a MAJORITY of ALL the nations voters and has a majority of the Senate backing him :???:
Remember-A pair of deuces will beat one ace- and he had the backing of 2/3rd of what is needed to get legislation... He was the one working from a position of power...

I think Cruz's move will come back to bite both the Tea Party and Republicans as a whole... The reason many in the Republican Party are now distancing themselves from the Tea Party....

Wow do you really believe if your lying hero or his loyal liberal bias media had told the friggin truth about Benghazi, The IRS targeting, the NSA snooping, the Fast and Furious debacle, THE REAL UNEMPLOYMANT RATE and not the ginned up one Obama announced just before the 2012 election and that people were not going to keep their insurance and Doctors even if they absolutely LOVED them PERIOD, he would have got a second chance with his UNBIPARTISANSHIP INK PEN that is UNCONSTUTIONALLY destroying the concept of THREE EQUAL BRANCHES OF THE US GOVERNMENT? :shock: :? :roll: :x

Not even you can be that stupid Oldtimer but then maybe you are as your booze soaked brain thinks you can tell us you are a libertarian when you voted for a guy that wants to control every aspect of US citizens lives and you have defended your vote to this day. :roll:

Face it Obama got a second chance as the Liberal Bias Media and people like you did everything you could to destroy anything or body that was Republicans remember the RACE CARD CRAP OLDTIMER? Being a EX LAW ENFORCEMENT Officer You care less about the truth than anyone I know. You spew crap you know is not true but as long as the damage is done before your lie is shut down with the truth you don't care and you move on to the next liberal lie. You prove your integrity on Ranchers EVERYDAY just like OBAMA proves his every time he is caught in a Campaign lie that got him re-elected. To bad the media sold their collective credibilty to protect this fraud. BUT you defend you vote Oldtimer, we survived Carter I just hope we are all strong enough to endure this incompetent narsisstic jerk that refuses to negotiate with the people smart voters put in office to control him.

I pray the US voters are smarter than you and have come to realize Obama is a dangerous LIAR and the only way to stop him is by demoting Reid to the back seats in the Senate. Giving the Republicans the power to IMPEACH HIM. Then maybe he will be willing to COMPROMISE and NEGOTIATE something he would not do to stop the 24 Billion dollar Government shutdown, over the law of the land the Republicans can't legally amend but Obama can UNCONSTITUTIONAL change with is ILLEGAL PEN, that he and you blame on Cruz. :roll:
 

hypocritexposer

Well-known member
Bestselling author Kevin Trudeau, whose name became synonymous with late-night TV pitches, was sentenced to 10 years in prison Monday for bilking consumers through ubiquitous infomercials for his book, The Weight Loss Cure ‘They’ Don’t Want You to Know About.

http://www.theglobeandmail.com/life/celebrity-news/tv-informerical-pitchman-kevin-trudeau-sentenced-to-10-years-in-jail-for-fraud/article17539378/

So going on television and misrepresenting a product is against the law? Hmmm? Would that include a product like obaamacare?
 

loomixguy

Well-known member
Doesn't matter who it would include. The fact is a certain morbidly obese dullard who claims to be a Libertarian will proudly wear his kneepads for his Dear Leader NO MATTER WHAT.

Folks here need to take heed just how damaging excessive amounts of alcohol can be to the brain.
 

Tam

Well-known member
TexasBred said:
Oldtimer said:
Why should the President back down when after 4 years which included passing ACA and after outlining his future plans to the nation- he is RE-ELECTED with a MAJORITY of ALL the nations voters and has a majority of the Senate backing him :???:
Remember-A pair of deuces will beat one ace- and he had the backing of 2/3rd of what is needed to get legislation... He was the one working from a position of power...

I think Cruz's move will come back to bite both the Tea Party and Republicans as a whole... The reason many in the Republican Party are now distancing themselves from the Tea Party....
Being reelected doesn't mean you get an automatic rubber stamp to everything you propose. What kind of backing does he now have after being allowed to "have it his way"???

Yep Obama didn't have to compromise and that is why his approval rating has hit all time LOWS since he was re-elected. And the SMART Democrats are running from him now that the voters are waking up to the fact they were continually lied to by Oldtimer's uncompromising re-elected Hero. ANd those that are not running from him are testifying to Congress to the dangers of Obama unchecked UNCONSTITUTIONAL OVER REACHING. :roll:

Yep Oldtimer is a LIBERTARIAN at heart :wink: he is just a Obama defender so people will not consider him to be what he calls everyone else that objects to Obama policies and actions/lying. A RACIST CULTIST KKK *********. :x
 
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