Black People : U.S. Credit Rating Is Downgraded to AA+ from AAA

Discussion in 'Black People Open Forum' started by Monetary, Aug 5, 2011.

  1. Monetary

    Monetary going above and beyond PREMIUM MEMBER

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    What political affect will this have on President Obama's chances for re-election?
     
  2. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    a negative effect since he is to timid to blame the tea party.......
     
  3. Proverbs31Woman

    Proverbs31Woman Be kinder than necessary! MEMBER

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    I found this article interesting (link below) as President Obama gives a comparison of AA rating countries versus AAA, not a huge difference.
    ________________________________________________________________________
    A downgrade in America's credit rating is now a distinct possibility. That's true even if politicians in Washington reach a deal to raise the nation's debt limit while curbing federal deficits.

    Credit-rating firms are focusing not just on whether a deal gets done, but also on the uncertain outlook for the nation's future fiscal health. The debt plans currently under consideration don't rise to the level of the "grand bargain" needed to stabilize the national debt at an economically safe level.
    But even if a rating downgrade occurs, that doesn't automatically mean financial catastrophe.
    Consider the contrast between nations that have the strongest rating ("AAA") from Standard & Poor's and nation's that are one notch down, at AA. Often it's hard to tell, from their interest rates, which is which.

    http://www.csmonitor.com/Business/2...edit-rating-drops-Other-countries-offer-clues.
     
  4. Monetary

    Monetary going above and beyond PREMIUM MEMBER

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    This is purely political. S&P knows the ramification of what it did. I was surprised that they were allowed to stay a rating agency after it came out that they received money from companies' securities they were rating. That's obviously a conflict of interest.

    Politically, this was done to put a negative mark on Mr. Obama's presidency. First, he couldn't lead. And now he can't manage. I'm waiting to see what happens to the stock market on Monday and how President Obama and his administration responds to this.

    Peace
     
  5. Monetary

    Monetary going above and beyond PREMIUM MEMBER

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    Yeah, I can understand that.

    But, how can President Obama turn this into a "positive effect" if he blames the Tea Baggers?
     
  6. Proverbs31Woman

    Proverbs31Woman Be kinder than necessary! MEMBER

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    This country's pendulum has been unbalanced for quite some time..I too wonder what the next phase is, the impact on President Obama's second term and have a hard time forecasting at this point. The sad part is that Obama himself predicted the outcomes that have surfaced, from causes way before he ran for office, smh.
     
  7. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Sankofa,

    .......Wow!:(....the tea party are members of the Republican Party, or at least they report he's blaming them...smh

    PRESIDENT OBAMA CONTINUES TO CAST BLAME

    The President has no problem blaming the Republicans, he continues to lambast the millionaire, the corporation with a jet, the oil companies with tax credits. President Obama wants you to take the eye off the ball. Blaming the wealthy resonates with his legions of moochers. President Obama promulgates the continuation of lucrative entitlements, encourage more citizens to become welfare recipients, encourage the socialized education system run by unions to continue to dumb down their charges and continue to encourage spendthrift ways of the past. President Obama needs to do is to tell his flock that they can't continue to bleed the government coffers dry. The time now is tell his flock, go to work.

    http://thenewbostonteaparty.com/2011/07/25/president-obama-writing-his-epithet.aspx
     
  8. Destee

    Destee destee.com STAFF

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    Monetary ... this happened because a Black Man had the office.

    Raising the debt level has NEVER been an issue, NEVER debated like it was this time.

    Put Black People in, and white folk gonna change the rules, even if it means hurting themselves.

    I've seen it before, though would have thought, once a Black Person rose so high, they'd be exempt.

    So much for that theory ... :)

    As far as your question goes ... i don't know ... if the right white folk want him in ... i think he will be.

    That depends on if they are finished using the Brother or not, and only they know.

    Love You!

    :heart:

    Destee
     
  9. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    this be true. they going to fight every point against this president.........until he hurts one of them
     
  10. Destee

    Destee destee.com STAFF

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    Of the ones you've worked for ... how many have you hurt ... and how did you hurt them?

    :heart:

    Destee
     
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