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Thread: United States loses its AAA Credit rating from S & P

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Boo Radley View Post
    Well, you don't know that, but you still have to show such to be true, which you never have.
    Yes, spent 35 years doing what you have never done, actually ran a business and hired, trained, and fired employees. Operated on a 5 year business plan and would never hire employees if the cost of those employees couldn't be offset by business growth. Obama is doing nothing to promote business growth and in fact is demonizing profits and individual wealth creation. Regulations, taxes, Obamacare, OSHA, EPA, NLRB! Yep, that really promotes hiring

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Boo Radley View Post
    The only way government can control jobs is to hire folk. Otherwise, you have to stop blaming the government for the unemployment.
    Wrong. Our massive debt and the uncertainty of how that is going to be paid back is most certainly a drag on the economy and hence job growth.

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Misterveritis View Post
    Those 80,000 regulations do not discourage business? What do they do?
    They've been there for sometime haven't they? And quite frankly, deregulation contributed to our problems. Regulations often have a reason for being there.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by pbrauer View Post
    That's silly.
    That is a fact

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by 1Perry View Post
    Wrong. Our massive debt and the uncertainty of how that is going to be paid back is most certainly a drag on the economy and hence job growth.
    A drag? To a limited degree. But not something a single president can fix in one or two or ten terms. In the short term, all one can do is hire people.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Boo Radley View Post
    They've been there for sometime haven't they? And quite frankly, deregulation contributed to our problems. Regulations often have a reason for being there.
    Both can be the problem.

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Conservative View Post
    Prove to me there would be a default of our obligations. When confused bring up Fox News! That is typical liberal scare tactics void of facts. Our only real obligations are to our seniors, to our military, and to our debt service. There is more than enough revenue to pay those obligations coming into the govt. daily. I gave you the breakdown on another thread, you obviously ignored it
    Everyone who has a functioning central nervous system understands that we were on the verge of defaulting. Our revenues were just about sufficient to meet HALF of our daily obligations. Naturally that means that we could not meet the other HALF of our obligations, on which we would have defaulted.

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Boo Radley View Post
    A drag? To a limited degree. But not something a single president can fix in one or two or ten terms. In the short term, all one can do is hire people.
    That's the problem. Thinking short term. So at least we have you off the idea that the government doesn't effect employment.

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Boo Radley View Post
    A drag? To a limited degree. But not something a single president can fix in one or two or ten terms. In the short term, all one can do is hire people.
    Aw, such low standards for Obama. Here we are over two years after taking office and liberals are still making excuses for Obama failures. This President did more harm in one year and yet people here still support him and want to give him four more years to make things worse. The Obama record today:

    Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!

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    Re: United States loses its AAA Credit rating from S & P

    Quote Originally Posted by Conservative View Post
    Aw, such low standards for Obama. Here we are over two years after taking office and liberals are still making excuses for Obama failures. This President did more harm in one year and yet people here still support him and want to give him four more years to make things worse. The Obama record today:

    Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!
    And what Obama inherited: economy shedding 700,000+ jobs per month, GDP shrinking at 6+% per year, financial institutions teetering on the edge of collapse, trillion+ deficit.... Nice improvement.

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