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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 hazlnut View Post


    The New FOX NEWS tag line: Repeat a lie enough times...
    Then you shouldn't have any problem proving these results as lies

    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
    Then you shouldn't have any problem proving these results as lies

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

    Quote Originally Posted by AdamT View Post
    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.
    Did Obama inherit the results I posted? How long are you going to give him a pass and ignore what has happened the last two years? Why are you ignoring the results of 2010 when we had 3.9 and 3.8% GDP Growth that is now .4 and 1.3% GDP growth? This is the worst economic performance 2 years after a recession ended in modern history. Did GW Bush sneak back into the WH in 2011?

    By the way, what did it cost to create these numbers?

    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 AdamT View Post
    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.
    Gallup Poll: Obama’s Job Approval Rating Slips to a New Low | The State Column

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

    Quote Originally Posted by Conservative View Post
    Did Obama inherit the results I posted? How long are you going to give him a pass and ignore what has happened the last two years? Why are you ignoring the results of 2010 when we had 3.9 and 3.8% GDP Growth that is now .4 and 1.3% GDP growth? This is the worst economic performance 2 years after a recession ended in modern history. Did GW Bush sneak back into the WH in 2011?

    By the way, what did it cost to create these numbers?

    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!
    Yeah, it's interesting how things hit the skids after the republicans took control of the House, isn't it?

    The problem, of course, is that the stimulus was too small to provide the necessary momentum to make the recovery self sustaining, and Republicans are not only making it impossible to implement further stimulus, they are in fact pushing for spending cuts, i.e., anti-stimulus. And that, Mr. Hoover, is that.

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

    Quote Originally Posted by AdamT View Post
    Yeah, it's interesting how things hit the skids after the republicans took control of the House, isn't it?

    The problem, of course, is that the stimulus was too small to provide the necessary momentum to make the recovery self sustaining, and Republicans are not only making it impossible to implement further stimulus, they are in fact pushing for spending cuts, i.e., anti-stimulus. And that, Mr. Hoover, is that.
    You really don't know how our govt. works do you. The fiscal year of the U.S. is from October to Sept. The Republicans didn't take ovder Congress until the second qtr of fiscal year 2011 so the Oct-December, first qtr 2011 was Obama's and the Democrat Congress.

    You really are being made a fool of by the Democrat Party of today. Sad, very sad!

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

    Quote Originally Posted by SypherAL View Post
    Growth may be slow, but we are not going backwards.[/qutoe] That's hardly good enough. Growth projections by the current administration and the fed have been cut, and cut.
    Federal Reserve cuts GDP forecast for 2011 - Jun. 22, 2011

    It's not backwards yet, and two consecutive months of negative growth would signal a recession. However, there are differences in projected growth, actual growth and growth corrections from an estimated 1.9% growth to a 0.4% growth. Couple that with inflation, the European economic issues and high debt to GDP and spending problems here at home. We're not going to grow significantly any time soon.

    Quote Originally Posted by SypherAL View Post
    Obama is still managing to slowly grow the economy even with the GOP trying to destroy every aspect of his leadership, even if it means they have to destroy the economy to trick Americans. I believe congress has 15% approval rating as of current? correct me if im wrong?
    You may believe that, but the GOP has no Obama leadership to destroy. Obama leadership is absent.

    Quote Originally Posted by SypherAL View Post
    Poll after Poll shows Americans blame the GOP for our lack of ability to govern. Poll after Poll also shows Americans wanted a blanaced approach in terms a defecit agreement, something Obama tried to provide, but was denied because it would have made him look like a good negotiator.
    Obama did not try - he had speeches, but no Democrat came out with a plan and the only two plans the GOP came out with were 1.) demagogued by Democrats and demonized (link:YouTube link), or as in the Cut Cap and Balance bill, was identified by the Democratic Senate leader Reid, "Is dead on arrival". Obama and the administration never put out their own plan during the debate, and as much as many want to believe, a speech does not equate to a plan.


    Quote Originally Posted by SypherAL View Post
    You dont fix an economic mealtdown in two years, it will begin to grow faster as soon as we get the Tea baggers and GOP out of congress and actually allow the President to begin doing his job.
    That's true it's not fixed in two years, but certainly fixes can be planned on and voted on in two years. What did we get with the Democrats and Obama? 1 full year of pushing through an unconstitutional health care bill that was sold as "reform" to cut costs, and it actually INCREASING costs. No leadership on jobs, no plan on jobs, in fact everything BUT jobs was addressed by the Democrats when they had a majority in both Congress and the White House. The meltdown? Addressed by spending Trillions - the result? Abject failure. Jobs: Not addressed at all by the Democratic Congress and President, another abject failure. I mean, I'd agree with you if there was some sort of substance to your claim that it takes longer than 2 years but that requires an assumption that someone's been working on it. Then we get to the tea party who, changes the discussion and turns apple cart upside down and forces everyone to discuss the debt... now they are the boogie man of the left and at fault for all things. Nice propaganda and I'm sure it's effective to the illiterate.

    Ideological idiots with messages about how the tea party is the root of all evil have one objective: To continue to poison the well using lies, deceit and ignorance. I'm all to happy to point out facts and reality as an alternative to the moronic lies.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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

    When trying to assess responsibility for the credit rating downgrade, one must look at all the elements involved:

    1. Fiscal: Structural imbalances go back to myriad Tax Code changes and entitlement programs. Costs of dealing with the financial crisis and ensuing recession have also contributed, as have the costs of three conflicts (a component of which will continue even when the conflicts are over e.g., health-related expenses for injured Vets, etc.).
    2. Political Risk: The process worked badly, narrowly averting a self-inflicted crisis, and developing an inadequate fiscal consolidation solution. All participants in the process, including the President, bear responsibility.
    3. Macroeconomic Risk: The long-term growth rate is likely less than the 3% real annualized figure currently assumed. S&P has not yet accepted that condition, but it would likely lead to an additional downgrade if it were to do so. The long-term growth rate is a combination of the nation's debt overhang (broad domestic nonfinancial debt, led by households and the federal government), structural factors (domestic and international), and public policy. All of those factors interact and the boundaries can be quite ambiguous e.g., public investment choices made in the past can, to some degree, impact structural factors such as workforce quality today.

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

    Quote Originally Posted by Conservative View Post
    You really don't know how our govt. works do you. The fiscal year of the U.S. is from October to Sept. The Republicans didn't take ovder Congress until the second qtr of fiscal year 2011 so the Oct-December, first qtr 2011 was Obama's and the Democrat Congress.

    You really are being made a fool of by the Democrat Party of today. Sad, very sad!
    Liberals aren't so quick to respond when given actual facts.

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

    Quote Originally Posted by Conservative View Post
    Keep defending the empty suit, another of the 39% that support Obama. Congressional ratings are irrelevant but play right into the hands of those who will never address the Obama record. Congressional elections are local not national yet the Presidential elections are national. 39% approval rating doesn't bode well for the cult followers.
    Should I address all the strawmen here or the fact that, depending on the poll, Obama's approval rating is still about DOUBLE what Congress's is?

    Quote Originally Posted by Conservative View Post
    So you think the 4 trillion dollars added to the debt the past 2 1/2 years helped keep our rating?

    When are liberals going to stop posting lies about the Clinton surplus. The Treasury Dept and the debt service we pay doesn't show any surplus yet you and others continue to post that lie.
    Dear god, stop repeating this lie.


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