Urgent: USA Credit Rating Just Got Downgraded

[Maxmillion]

Crustyme already on top of it

The charts don't lie

George W Bush is responsible

this is part of the problem, blaming bush, blaming obama......we just need someone or some people in washington that can fix this shit and stop playing politics. Hey i am an obama guy but if it takes obama to get voted out and someone else can get in here and lead the washington to fix the economy and the national debt i am all for it.

[crustyme]

Nice graphs all these government figures are total BS. If you honestly think the country is improving you are really kidding yourself. Most job #'s are skewed becasue of all the people that have totally given up in finding work. At a certain point many republicans even admitted Bush was a clown. But all you Democrat Fanboys will continue licking Obama ass all the way down. hope he enjoys his $5 million Vineyard vacation.

you mean the same gov source you neocons cite when they release negative job growth?

bush spent 977 days (33% of his presidency) on vacation. how much did that cost tax payers?

[King Mayan]

Too many freeloaders and the past 25 years of immigrants.

you buffoon.

[excel]

[doublej95]

8 years of George W Bush

That's wtf happened.

[Br0nxer]

[ACoochy]

you mean the same gov source you neocons cite when they release negative job growth? bush spent 977 days (33% of his presidency) on vacation. how much did that cost tax payers?

4 real Man, at least now we know y america is considered a nation of slackers...Kinda hard not to be when ur leader sets the tone...

[SBR_John]

Bush destroyed the country. There is a reason he is the worst president in history.

Wrong.

Its the Tea Party's turn now. Obama did offer change from Bush and did deliver although it was change for the worse. Now the conservatives are just months from being swept into power.

[wantitall4moi]

interesting subject...what if the bankers want to destroy the dollar, America and the world...to setup a new world order and a new currency ?

They have been trying for years, they may have finally got it done this time. Mostly because the public has really become the sheep they all thought we were years ago. And anyone who doesnt follow the line of thinking is an idiot, a tin foil hat wearer, a conspiracy theorist, or who knows what else. But the fact that everyone hears or reads something and immediately falls in line with the majority is the most damning sign, even if they might not personally agree with it. And worse, they agree on something that they have no frigging idea what it is.

[DwightShrute]

Obama took office in midst of a world wide financial crisis caused in large part by the USA with phony mortgages by the Democratis failed and deceitful Freddie and Fannie and proceeded to pour gasoline on the problem. Just goes to show what happens when a lying under-qualified arrogant politician gets power of the USA. Obama should resign for the good of America if he truly loves his country. If he does, then maybe he won't go down as the worst President in history. Obama is finished.

[Boscoe]

Bodog had odds on this. 5-1 on downgrade happening. Obviously took yes.

[King Mayan]

Wrong.

Its the Tea Party's turn now. Obama did offer change from Bush and did deliver although it was change for the worse. Now the conservatives are just months from being swept into power.

Conservatives are about to be swept into power?? you will be surprised in a year.

Bush put us into a depression and it's the Kenyans fault... The only mistake Obama has made is under-estimate how much of a dumbfukk, Bush was has the POTUS.

Now enjoy the show boys, the tea party will hold the country hostage.

[JosephPavs]

O' Bummer

[JosephPavs]

O' Bummer

Obummer worst president in history well at least top 3

[andywend]

Crustyme is an entitlement collecting liberal democrat who pays no taxes and hates the republican party because they want to end his free handouts.

bush lost 4 million jobs 2007-8 and americans lost $19 trillion in personal wealth from 2007-9.

The democrats had full control of both the house and the senate during 2007, 2008, 2009 and 2010. Our country only began to fall apart after the DEMOCRATS took over congress in 2007 and then the White House in 2009.

Europe is falling apart at the seams because the entire region practices socialism. The leader of Italy sees the problem and has approved a BALANCED BUDGET AMENDMENT which is, of course, strongly opposed by the liberals in Italy.

Excessive liberal democratic wasteful government spending is what got our country into this mess and with socialism rearing its ugly head around the world, Barack Obama and the democratic party are slamming on the gas full speed ahead.

Its important to remember what those SLIMY LIBERAL DEMOCRATS did when they had all the power as they passed a sweeping government controlled health care plan without a single republican vote and then made sure to exempt themselves, their families and their union buddies from having to participate in the plan.

S&P's downgrade of U.S. debt is totally justified as liberal democrats refuse to stop spending TRILLIONS of dollars that we just don't have. Its time for the federal government to live within its means and only spend what it takes in via tax revenue which is the entire platform of the Tea Party.

Crustyme, stop free-loading off the hard working American taxpayers and get up off your lazy rear end and get a job and start paying your FAIR SHARE.

[andywend]

Bush was handed a terrible recession left over from the Clinton administration due to the internet bubble bursting and then had to deal with the tragedy of 9/11.

Through all that, our country's unemployment rate stood at 4.6%, the Dow was trading around 14,000 as we headed into the 2006 mid-term elections.

Our country foolishly gave back full control of both the house and senate to the democrats in 2006 and our deficit soared, unemployment rate skyrocketed and the entire country fell apart. Bush/McCain warned of the huge financial meltdown while democrats like Barney Frank and Chris Dodd insisted nothing was wrong.

Liberal democrats are infecting all the European countries as Spain, Portugal, Italy, Greece are all broke as socialism has done them all in. After seeing this happen right before their very eyes, Obama/Reid/Pelosi, etc want to go down that exact same road.

LIBERAL DEMOCRATS ARE IDIOTS!!

EDIT TO POST:

Dwight, thanks for the nomination. Now that S&P has downgraded our debt and all the socialistic countries throughout Europe are failing, perhaps Americans will wise up and hand the democrats the beating they so richly deserve at the polls.

Have a good weekend, Dwight!!!

[crustyme]

Crustyme is an entitlement collecting liberal democrat who pays no taxes and hates the republican party because they want to end his free handouts.The democrats had full control of both the house and the senate during 2007, 2008, 2009 and 2010. Our country only began to fall apart after the DEMOCRATS took over congress in 2007 and then the White House in 2009.

Europe is falling apart at the seams because the entire region practices socialism. The leader of Italy sees the problem and has approved a BALANCED BUDGET AMENDMENT which is, of course, strongly opposed by the liberals in Italy.

Excessive liberal democratic wasteful government spending is what got our country into this mess and with socialism rearing its ugly head around the world, Barack Obama and the democratic party are slamming on the gas full speed ahead.

Its important to remember what those SLIMY LIBERAL DEMOCRATS did when they had all the power as they passed a sweeping government controlled health care plan without a single republican vote and then made sure to exempt themselves, their families and their union buddies from having to participate in the plan.

S&P's downgrade of U.S. debt is totally justified as liberal democrats refuse to stop spending TRILLIONS of dollars that we just don't have. Its time for the federal government to live within its means and only spend what it takes in via tax revenue which is the entire platform of the Tea Party.

Crustyme, stop free-loading off the hard working American taxpayers and get up off your lazy rear end and get a job and start paying your FAIR SHARE.

what law(s) did the democratic congress pass in 2007 that led to the economic meltdown?

of course, you have no answer and will ignore it like the last 50 times i've asked.




here are the facts (again):

banking deregulations that led to the collapse of the housing market and subsequent global economic meltdown was due to neocons.

1. gramm-leach-bliley act.... drafted, introduced & passed by republicans to repeal the glass-steagall act

2. commodity futures modernization act of 2000.... drafted, introduced & passed by republicans

3. american dream downpayment act of 2003.... drafted, introduced & passed by republicans

4. sec & bush changing rules to the net capital rule in 2004..... this allowed top 5 us investment banks to take on $4 trillion in bad subprime mortgages, which caused their collapse.


but continue your delusional diatribe against the poor for you being a miserable failure in life. that's what you neocons are good at.

[DwightShrute]

what law(s) did the democratic congress pass in 2007 that led to the economic meltdown?

of course, you have no answer and will ignore it like the last 50 times i've asked.




here are the facts (again):

banking deregulations that led to the collapse of the housing market and subsequent global economic meltdown was due to neocons.

1. gramm-leach-bliley act.... drafted, introduced & passed by republicans to repeal the glass-steagall act

2. commodity futures modernization act of 2000.... drafted, introduced & passed by republicans

3. american dream downpayment act of 2003.... drafted, introduced & passed by republicans

4. sec & bush changing rules to the net capital rule in 2004..... this allowed top 5 us investment banks to take on $4 trillion in bad subprime mortgages, which caused their collapse.


but continue your delusional diatribe against the poor for you being a miserable failure in life. that's what you neocons are good at.

fact,,, (watch it if you dare)

[crustyme]

fact,,, (watch it if you dare)

oh great, respond to actual facts with youtube conspiracy theorist wacko.

[DwightShrute]

oh great, respond to actual facts with youtube conspiracy theorist wacko.

you're in denial

those are documented facts. look em up

[andywend]

but continue your delusional diatribe against the poor for you being a miserable failure in life. that's what you neocons are good at.

Crusty, it is you and your democratic party that are the MISERABLE FAILURES. You all demonize conservatives and expect them to continue to foot the bill to financially support dead beat liberal democrats like yourself who refuse to produce anything except future entitlement collectors.

When conservative balk and object to being squeezed dry by free-loading democrats, you call us mean-spirited.

Through 20 years of hard work and well timed investments, I am fortunate enough to be able to retire at 40 instead of the usual 65 or 70. The only thing I'm concerned about are slimy democrats trying to take what I rightfully earned.

All I ask from liberal democrats is to LEAVE ME ALONE. I want nothing to do with you people.

[JosephPavs]

Arguing Politics is Like Scratching your ass you know one side stinks and you really don't want to do it

[crustyme]

you're in denial

those are documented facts. look em up

documented? where? youtube?



all you ignorant neocons can blame cra all you want but economists & facts continue to crush you:


A pair of economists from the Federal Reserve Bank of San Francisco added another piece of evidence to the case that the 1977 Community Reinvestment Act wasn’t the cause, or even a major contributor, to the subprime mortgage debacle.

In a paper focused on California that was presented at a Fed conference on housing and mortgages in Washington, D.C., Elizabeth Laderman and Carolina Reid say the data “should help to quell if not fully lay to rest the arguments that the CRA caused the current subprime lending boom by requiring banks to lend irresponsibly in low and moderate-income lenders.” Fed governor Randall Kroszner made a similar case earlier this week.

Among the specific findings in “Lending in Low- and Moderate-Income Neighborhoods in California: The Performance of CRA Lending During the Subprime Meltdown”:

Overall, lending to low and moderate income communities comprised only a small share of toal lending by CRA lenders, even during the height of the California subprime lending boom.

Loans originated by lenders regulated under CRA in general were “significantly less likely to be in foreclosure” than those originated by independent mortgage companies that weren’t covered by CRA.

Loans made by CRA lenders within their geographic assessment areas covered by the law were “half as likely to go into foreclosure” as those made by the independent mortgage companies.

28% of loans made by CRA lenders in low income areas within their geographic assessment areas were fixed-rate loans, compared with 18.2% of loans made by independent mortgage companies in low income areas.

12% of the loans made by CRA lenders in these areas were high-priced loans, a technical definition of subprime, compared with 29% of the loans made by those lenders outside their assessment areas and 52.4% of loans made by independent mortgage companies in low-income areas.

http://blogs.wsj.com/economics/2008/12/04/dont-blame-cra-the-sequel/

we are in this mess because of you neocons deregulating banking regulations to appease your wealthy banker donors. not cra or fannie mae as ignorant youtube conspiracy theorist wackos love to claim.

[Going4Broke]

Should be downgraded more.........


Again, congrats to all that made the clutch move of cashing out their 401's recently.................brillant.

Cashed out = Retarded as ****.

Moved the funds within the 401(k) to cash equivalency (ie: money market) = smart.

If you cashed it out and you are under 59 1/2, then you just donated 45% or more to the government. If you are above 59 1/2 then you can do an in-service withdraw and you would be OK.

Downgraded more? The only reason they said they would downgrade in the first place is if they did not cut more than $4 Trillion from the budget.

[crustyme]

Crusty, it is you and your democratic party that are the MISERABLE FAILURES. You all demonize conservatives and expect them to continue to foot the bill to financially support dead beat liberal democrats like yourself who refuse to produce anything except future entitlement collectors.

When conservative balk and object to being squeezed dry by free-loading democrats, you call us mean-spirited.

Through 20 years of hard work and well timed investments, I am fortunate enough to be able to retire at 40 instead of the usual 65 or 70. The only thing I'm concerned about are slimy democrats trying to take what I rightfully earned.

All I ask from liberal democrats is to LEAVE ME ALONE. I want nothing to do with you people.

what law(s) did the democratic congress pass in 2007 that led to the economic meltdown?

of course, you have no answer and will ignore it like the last 51 times i've asked.

[jw]

I am fortunate enough to be able to retire at 40 instead of the usual 65 or 70.

Your are going to be sat on your dead ass rather than being a productive member of society ... ?
Would be interested to hear what your view on voting rights for those that have retired are Mr Wend ?
I assume as you would be "earning" much less .. you would now be happy to have your vote become worth even less than it was before ?

[mav924]

This is what happens when both parties play a game of political chicken. In the end of the day they still get paid and receive 100% paid for by the american people healthcare. Yet the regular folks in America are the ones feeling the pinch not the politicians.
"Facing election-year pressure to keep a lid on their salaries, lawmakers in Congress quietly agreed last week not to increase their pay next year. As a result, most members of Congress will earn $174,000 in 2011, the same amount they're getting this year.
But for some members of Congress -- including John Kerry, Dianne Feinstein, Jared Polis and Frank Lautenberg --that $174,000 might seem like chump change. Fourty-four percent of members are millionaires, compared to a much smaller percentage of other Americans. Senators had a median reportable net worth of $1.79 million in 2008, the last year such data were available. House members' median net worth was $645,503." (specials.msn.com)


Need I say more?

[Kindred]

Hey obummer, do another trillion dollar "stimulus" plan that will help fix our credit

He'll probably just blame Bush for it

[Kindred]

On a serious note, anyone considering buying a house seriously do it fast mortgage rates will go up sharply when we are downgraded since they are tied to the treasury market.

[Kindred]

what law(s) did the democratic congress pass in 2007 that led to the economic meltdown?

of course, you have no answer and will ignore it like the last 50 times i've asked.




here are the facts (again):

banking deregulations that led to the collapse of the housing market and subsequent global economic meltdown was due to neocons.

1. gramm-leach-bliley act.... drafted, introduced & passed by republicans to repeal the glass-steagall act

2. commodity futures modernization act of 2000.... drafted, introduced & passed by republicans

3. american dream downpayment act of 2003.... drafted, introduced & passed by republicans

4. sec & bush changing rules to the net capital rule in 2004..... this allowed top 5 us investment banks to take on $4 trillion in bad subprime mortgages, which caused their collapse.


but continue your delusional diatribe against the poor for you being a miserable failure in life. that's what you neocons are good at.

dude you can't even pony up $200 to go pro and you're giving everyone a lesson in economics

go back to covers you stupid libtard

[crustyme]

dude you can't even pony up $200 to go pro and you're giving everyone a lesson in economics

go back to covers you stupid libtard

so you think you're a big shot cause you scrapped together $200 to join a welfare program to leach off sbr? have fun when they forward your betting activities to doj (wait, do they prosecute $10 bettors??).










as you can see, not only do i have more sense than you but more money. this is the 7th ticket ive posted with min $400. if you can do the math, that's 2.5x the amount required to become a fake pro.

get over yourself idiot, you're small fries.

[paco]

Seems like we have more politicians than gamblers on this board

[Call82]

This is just the beginning of the end...slow but steady process

[frostno98]

For christsake does anybody has a solution that will fix this problem. Bush triggered the economy down fall with both the Iraq war and real-state unregulation happening at the same time. The only thing Obama did was pass a stimulus bill and extended unemployment, while saving thousands of US auto industries jobs in the process.

[Smogs]

step in china and saudi arabia