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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 Conservative View Post
    Just like Democrats will have happen in 2012, the results show the American people what a mistake they made
    Yes, what a mistake they made voting for Bush INC.

    54 percent of Americans say Bush is to blame for exploding the federal deficit and swelling unemployment, whereas just 27 percent believe it is President Obama's fault.
    Last edited by shintao; 08-22-11 at 12:40 PM.
    One Tin Soldier Walked Away..................

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

    Quote Originally Posted by shintao View Post
    Yes, what a mistake they made voting for Bush INC.

    54 percent of Americans say Bush is to blame for exploding the federal deficit and swelling unemployment, whereas just 27 percent believe it is President Obama's fault.
    Shows the power of the press although current approval numbers for Obama show that changing. After 2 1/2 years in office and generating the results Obama has generated 2 years after the end of recession says it all. LIberals and Obama supporters continue to buy the rhetoric, fortunately that is a declining number as the disapproval numbers over 50% show.

    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! 40% JAR and well over 50% disapproval ratings.
    Last edited by Conservative; 08-22-11 at 12:43 PM.

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

    Quote Originally Posted by Conservative View Post
    Shows the power of the press although current approval numbers for Obama show that changing. After 2 1/2 years in office and generating the results Obama has generated 2 years after the end of recession says it all. LIberals and Obama supporters continue to buy the rhetoric, fortunately that is a declining number as the disapproval numbers over 50% show.

    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! 40% JAR and well over 50% disapproval ratings.
    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.
    Right, and Obama took the jobs report and made it worse, more unemployed today than when he took office, a net job loss, reduction in the labor force, GDP growth indicating a double dip on the horizon. Those are great results and apparently what you voted for.

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

    Quote Originally Posted by Conservative View Post
    Right, and Obama took the jobs report and made it worse, more unemployed today than when he took office, a net job loss, reduction in the labor force, GDP growth indicating a double dip on the horizon. Those are great results and apparently what you voted for.
    The economy is adding jobs every month -- not losing more than half a million jobs every month. GDP is still growing -- not falling off a cliff, like it was when Shrub handed him the keys. Nice improvement.

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

    Quote Originally Posted by AdamT View Post
    The economy is adding jobs every month -- not losing more than half a million jobs every month. GDP is still growing -- not falling off a cliff, like it was when Shrub handed him the keys. Nice improvement.
    if the economy is adding jobs every month how can their be a net job loss? with a growing population how can there be a reduction in the labor force. Do you know what the labor force is and means?

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

    Quote Originally Posted by j-mac View Post
    So what is Harry Reid's response in the past year anytime he gets a budget spending cut measure? Table it? Kill it?

    Look, I'd give it to you that in the Bush years, repubs bought into the liberal pap, and started acting like demo's when it came to spending our tax money. That is a major reason they were voted out in '06. However, at least in the freshmen house members case of '10 the tide toward fiscal responsible actions is trying to make a come back, no matter how liberals, RHINO's, and progressive/marxists/socialists in the congress, and WH cry, moan, and bitch.

    j-mac
    Bough into liberal pap? Please, don't make excuses. Allow republicans to be responsible for what they are responsible for. It's called personal responsibility.

    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
    Bough into liberal pap? Please, don't make excuses. Allow republicans to be responsible for what they are responsible for. It's called personal responsibility.
    Where is the liberal responsibility for the following

    Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 25+ 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! 40% JAR and well over 50% disapproval ratings.

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

    Quote Originally Posted by Conservative View Post
    Where is the liberal responsibility for the following

    Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 25+ 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! 40% JAR and well over 50% disapproval ratings.
    Squirrel!!!!!


    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 Conservative View Post
    if the economy is adding jobs every month how can their be a net job loss? with a growing population how can there be a reduction in the labor force. Do you know what the labor force is and means?
    People retire. People go to school and stop looking for jobs. You do realize that the labor force participation rate fell every year that Bush was President, right? Except for '07 -- at the height of the real estate bubble? Then it really started falling off a cliff in 2008 and it hasn't recovered yet.

    Nontheless, "Total nonfarm payroll employment rose by 117,000 in July, and the unemployment rate was little
    changed at 9.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health
    care, retail trade, manufacturing, and mining. Government employment continued to trend down."

    http://www.bls.gov/news.release/pdf/empsit.pdf

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