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

  1. #421
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    Re: United States loses its AAA Credit rating from S & P

    Liberals love to talk about the mess that Obama inherited yet never talk about the AAA rating he inherited. He is the first President to oversea the decline in our credit rating. Most liberals don't seem to understand that spending as a percent of GDP is close to 100% due to the 4 trillion added to the debt during the Obama term yet they still want more tax revenue to fund the liberal spending appetite. That just shows how intellectually bankrupt liberals are.

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

    Quote Originally Posted by Conservative View Post
    Liberals love to talk about the mess that Obama inherited yet never talk about the AAA rating he inherited. He is the first President to oversea the decline in our credit rating. Most liberals don't seem to understand that spending as a percent of GDP is close to 100% due to the 4 trillion added to the debt during the Obama term yet they still want more tax revenue to fund the liberal spending appetite. That just shows how intellectually bankrupt liberals are.
    If the boat is already sinking, you can't blame the new captain when it finally goes under because he didn't patch it fast enough.
    A man without fear is a fool, a man that succumbs to his fear is a coward and a brave man acknowledges fear yet presses on.
    http://soulinblackandwhite.blogspot.com/

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

    Quote Originally Posted by Tettsuo View Post
    If the boat is already sinking, you can't blame the new captain when it finally goes under because he didn't patch it fast enough.
    So since deficits are yearly, it is all GW Bush's fault for the trillions added to the debt in 2010-2011? Do you ever accept responsibility for anything? It is amazing how Democrats controlled the entire Congress from 2007 until the end of the Bush term and the recession ended in June 2009 but it is Bush's fault for the results in 2011

    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!
    What is it about liberalism that creates such loyalty to these results? How do you explain the 3.9 and 3.8% GDP growth in 2010 and then the .4 and 1.3% GDP growth in 2011. Did GW Bush suddenly return to the WH and implement economic policy?

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

    Quote Originally Posted by apdst View Post
    If Keynesian economics had worked, the depression wouldn't have lasted as long as it did.
    ...another case of the stimulus not being big enough in the circumstance (and the Republicans losing patience and messing with the formula in '36, but that is another discussion.) Seems like the war ended the depression. What is a war, but huge government spending; the ultimate Keynesian style stimulus.

    One of the reasons Keynesian economics does not work is the politicians are never have the guts to be bold enough to deploy sufficient sufficient stimulus. Case in point: 2009... it was so watered down that is wasn't terribly effective. It should have been $2T on real infrastructure projects. A real Keynesian stimulus would take expenditures that had to happen anyway in the next 10 years and do them now, so that you really were not just spending money to spend money, but actually getting something worthwhile done.

    That said, the results of the 2009 stimulus can be seen in the employment numbers in 2011. Private sector job growth has actually been ok, but total job numbers are being depressed by all of the government workers now being laid-off as 2009 stimulus money ended, along with the funding for their jobs.
    Last edited by upsideguy; 08-11-11 at 10:48 AM.

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

    Quote Originally Posted by upsideguy View Post
    ...another case of the stimulus not being big enough in the circumstance (and the Republicans losing patience and messing with the formula in '36, but that is another discussion.) Seems like the war ended the depression. What is a war, but huge government spending; the ultimate Keynesian style stimulus.
    Not big enough? How about spending it in the wrong areas? Did Reagan implement a 787 billion dollar stimulus plan to get us out of a worse recession than the Dec. 2007-June 2009 recession? NO, he implemented the right stimulus by putting money into the hands of the consumer.

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    Re: 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

    The liberal cult followers will always buy another liberal's rhetoric because that is what they want to believe. Not sure what you call that but I wonder what it is that leads to this kind of loyalty. Rhetoric trumps actual results as Obama supporters totally ignore the failures of this Administration and continue to buy what he says even though what he says has been proven to be a lie.

    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

    PzKfW IVe,

    Before the system went down:

    Quote Originally Posted by My Email
    ---Quote (Originally by pbrauer)---
    What is the interest on Treasury Bills these days?
    ---End Quote---
    Leave it to to ask a question that nullifies your point.
    T-bill rates are down.

    *US Treasury Bonds Rates*
    Mat TD YD LW LM
    3 Mn 0.00 0.01 0.01 0.00
    6 Mn 0.03 0.03 0.03 0.05
    2 Yr 0.18 0.19 0.32 0.35
    3 Yr 0.32 0.34 0.51 0.60
    5 Yr 0.91 1.00 1.26 1.47
    10yr 2.11 2.24 2.61 2.92
    30yr 3.51 3.61 3.90 4.21

    Bonds Center - Bond quotes, news, screeners and education information. (Bonds Center - Bond quotes, news, screeners and education information.)
    Please explain how the rates on Treasury Bills going down nullifies my point about high interest rates on poor risks.


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

    Quote Originally Posted by Conservative View Post
    The liberal cult followers will always buy another liberal's rhetoric because that is what they want to believe. Not sure what you call that but I wonder what it is that leads to this kind of loyalty. Rhetoric trumps actual results as Obama supporters totally ignore the failures of this Administration and continue to buy what he says even though what he says has been proven to be a lie.
    Reagan, or at least his economic team, was smart enough to realize that he went too far cutting taxes, which is why he subsequently raised taxes almost 10 times. Now the refusal to raise taxes has become a religion rather than an economic issue.

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

    Quote Originally Posted by Conservative View Post
    The liberal cult followers will always buy another liberal's rhetoric because that is what they want to believe....
    cults tend to believe in extremism and refuse to compromise on their beliefs (increased tax-rates for the rich or simply closing tax-loopholes). they vehemently attack members who dare to stray from their extremist views (RINOs).

    so who exactly is the cult?

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