I smell a big fat rat on this credit downgrade....

[Freeper]

kentuck Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Sat Aug-06-11 09:26 PM
Original message
I smell a big fat rat on this credit downgrade....
   
I think it might be part of a bigger plan to continue tearing down the Obama Presidency? Why did not Moody's downgrade the country's credit? Why just the S&P ?

Something smells in Denmark. This has Republican dirty trick all over it and it stinks to high heaven.

The downgrade was an action that was not necessary. It seems to this novice that it was done for purely political reasons. Anyone else smell that rat?

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1681160

Yep you have to get up pretty early to fool Kentuck, around noon or so I suspect.

spanone Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Sat Aug-06-11 09:29 PM
Response to Original message
1. would this downgrade have occurred if the debt ceiling had been raised without a fight?
   
there was no talk of a downgrade before the debt ceiling b.s.

remember, the right's mission is to make Obama a one-term President.

Yep those meanie repukes wanted to stop us from spending ourselves out of existence.

AlinPA Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Sat Aug-06-11 09:30 PM
Response to Original message
2. Some of the language sounded like republican talking points: did not cut enough, etc.

Yeah we all know that when you are in financial trouble it's crazy talk to suggest cuts in spending.

It's all a huge plot to put the black man in his place, damn DUmmies figured it all out again. 

[BlueStateSaint]

Fox & Friends has some interesting info on the head of the unit that does the credit ratings, within S&P.  Apparently, his degree isn't in anything remotely related to finance or economics--"English literature," I think. 

Having typed that, Moody's and S&P telegraphed this three weeks ago, when they said that $4 trillion in cuts was needed to stave off a credit downgrade.  Skywriters couldn't have done a better job of warning the US.  And the poor, stupid primitives are screaming that it's a Republican plot?

[BlueStateSaint]

Fox & Friends has some interesting info on the head of the unit that does the credit ratings, within S&P.  Apparently, his degree isn't in anything remotely related to finance or economics--"English literature," I think. 

Having typed that, Moody's and S&P telegraphed this three weeks ago, when they said that $4 trillion in cuts was needed to stave off a credit downgrade.  Skywriters couldn't have done a better job of warning the US.  And the poor, stupid primitives are screaming that it's a Republican plot?

Well, I can't "modify," so I have to quote.  The guy's name is John Chambers, and he's 55 years old.  His BA was from Grinnell (sp?) University in Kansas, in Literature and Philosophy.  His MA is from Columbia (IIRC) in English Lit.