View Poll Results: Who cause our AAA rating to drop?

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Thread: Who is responsible for the downgrading of the American credit status?

  1. #21
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    Harry Guerrilla's Avatar
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    Re: Who is responsible for the downgrading of the American credit status?

    Quote Originally Posted by winston53660 View Post
    Librarians rule the world?

    Don't you want to be able to walk down the street, rubbing green jello all over you, while reading playboy?
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Who is responsible for the downgrading of the American credit status?

    Quote Originally Posted by Harry Guerrilla View Post
    Don't you want to be able to walk down the street, rubbing green jello all over you, while reading playboy?

    I'm civilized.....like all people that use red jello.

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    Re: Who is responsible for the downgrading of the American credit status?

    Quote Originally Posted by winston53660 View Post
    I'm civilized.....like all people that use red jello.
    Prude.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Who is responsible for the downgrading of the American credit status?

    Quote Originally Posted by Harry Guerrilla View Post
    Prude.

    Harlot

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    Re: Who is responsible for the downgrading of the American credit status?

    Another case where we should have had the option to vote for all of the above.

    Our economic debacle has been a long time in coming and has been the fast track to disaster since Obama came along.

    This issue goes all the way back to 9-11 and panic was allowed to control what was being done to avoid more of the same and President Bush along with both houses of Congress got into the habit of throwing money at problems or perceived problems when a little bit of thought would have served us better.

  6. #26
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    Re: Who is responsible for the downgrading of the American credit status?

    Quote Originally Posted by Councilman View Post
    Another case where we should have had the option to vote for all of the above.

    Our economic debacle has been a long time in coming and has been the fast track to disaster since Obama came along.

    This issue goes all the way back to 9-11 and panic was allowed to control what was being done to avoid more of the same and President Bush along with both houses of Congress got into the habit of throwing money at problems or perceived problems when a little bit of thought would have served us better.
    Goes back further. Our problems began when the US started to borrow money and spend more than the feds bring in.
    "I can explain it to you but, I can't understand it for you"

  7. #27
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    Re: Who is responsible for the downgrading of the American credit status?

    Quote Originally Posted by mike2810 View Post
    Goes back further. Our problems began when the US started to borrow money and spend more than the feds bring in.
    It was in the '80s that the US went from a creditor nation to a debtor nation.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Who is responsible for the downgrading of the American credit status?

    I blame Republicans, specifically the Tea Party, and here's why...

    Until Speaker Boehner walked out of debt limit talks, the economy was making progress. I know that's hard for many people to believe, but let's look at the evidence.

    The private sector was adding jobs; not in significant numbers, but there was private sector job growth. The DOW had made significant gains; it had climbed up to over 12,740 pts - a level not reached since May 2008. Then suddenly the markets began to slowly tick downward until on August 4 the DOW plunged to 11,383 points, a difference of -1,357 points. To put it in perspective, within a 24-hour period between August 4-5, the DOW lost 513 points! That's just 2-days after the debt limit was raised and it's all because investors, mostly in foreign markets, lost confidence in the U.S. dollar because the debt limit talks drug on. Had Republicans agreed to a clean debt limit from the start and Tea Partiers not insisted on including deficit reduction measure to the debt bill, the economy could have continue making progress and all the other issues related to debt and deficit reduction could have been handle separately.

    (See CNBC.com's interactive stock charts going out from 5-days to 5 years for details)

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    Re: Who is responsible for the downgrading of the American credit status?

    Quote Originally Posted by Dittohead not! View Post
    It was in the '80s that the US went from a creditor nation to a debtor nation.
    Gee, I wonder who started us down that path? Hmmm....???

  10. #30
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    Re: Who is responsible for the downgrading of the American credit status?

    Quote Originally Posted by Objective Voice View Post
    I blame Republicans, specifically the Tea Party, and here's why...

    Until Speaker Boehner walked out of debt limit talks, the economy was making progress. I know that's hard for many people to believe, but let's look at the evidence.

    The private sector was adding jobs; not in significant numbers, but there was private sector job growth. The DOW had made significant gains; it had climbed up to over 12,740 pts - a level not reached since May 2008. Then suddenly the markets began to slowly tick downward until on August 4 the DOW plunged to 11,383 points, a difference of -1,357 points. To put it in perspective, within a 24-hour period between August 4-5, the DOW lost 513 points! That's just 2-days after the debt limit was raised and it's all because investors, mostly in foreign markets, lost confidence in the U.S. dollar because the debt limit talks drug on. Had Republicans agreed to a clean debt limit from the start and Tea Partiers not insisted on including deficit reduction measure to the debt bill, the economy could have continue making progress and all the other issues related to debt and deficit reduction could have been handle separately.

    (See CNBC.com's interactive stock charts going out from 5-days to 5 years for details)
    Of course.
    Partisanship was guaranteed to show up in this thread.

    Edit:
    This here is precisely the point I was making when I said "Americans" were to blame.
    "Ohh no, it's the other team, not mine we're innocent."
    Last edited by Harry Guerrilla; 08-06-11 at 09:04 PM.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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