A Failed Presidency -- The American Problem

Return of Dune said:
Why not? It will be his fault afterall.
Click to expand...


blame-bush-poster.jpg
 
David St. Hubbins said:
Read post #89 and see if you can figure it out.
Click to expand...

i did. it is telling how you won't answer a simple question. you always do this when cornered. i ask again:

is the 2 trillion the sole or main factor in their decision?

simple yes or no, none of your usual games where you waste time running away from the question.
 
The liberals STILL can't understand the gist of what is going on, nor the explanation in full given by S&P for their downgrade. Yes, there was a $2 trillion dollar error in debt calculations. And when that error was corrected, the conclusions remain the same, and the poor ignorant liberals who are SO focused on the "republicans won't increasse revenues" statement they forgot to read the rest, are still confused.

It's not about the hard numbers. It's about how our government, faced with both domestic and international economic crises, cannot get their poop in a group enough to make any significant changes to our fiscal policies to actually DEAL with the crises we are facing. We have an unprecedented deficit which is growing to ever more unprecedented heights, and rather than face that down, our dysfunctional gang of political clowns get together, bicker like a class of preschoolers, led by the least competent leader we have had in a LONG time, (Obama and leader are mutually exclusive nouns), and finally on the day of reckoning, come out with a piece of orgiastic drivel mindlessly called a plan to cut SOME of the projected deficit increases.

Can ANYONE see why, when we have such a HOPELESSLY incompetent and mindlessly partisan government who cannot get a DAMNED thing done, led by a president who hasn't a fucking clue what the word leadership means, that the numbers are SECONDARY to the fact that nothing is being done to correct the crisis? Anyone? Anyone? Bueller? Bueller?

S&P is correct: our government no longer deserves a AAA rating, and they state so clearly, and give their reasons clearly - at least clearly to those not looking for finger pointing excuses. They even contrast the U.S. government's response to economic conditions to the other nations which enjoy a AAA credit rating. And guess what the big difference is? The other countries have actually enacted laws which are cutting spending, bringing down their deficits in the immediate future, and projected that all will start to be able to pay down their debt by 2015. The U.S. could only come up with a bunch of empty promises to reduce the rate at which our deficit is growing over the next 10 years. And THAT is the reason for the downgrade. Like any individual's credit rating, it is a combination of debt load, income, and SPENDING HABITS, both historical and projected. It is our projected spending habits that deserve the downgrade, which frankly should be even lower than S&P placed us.
 
I'll have to remember to bump this thread when they find out that the S&P was running a big short w/ this downgrade...
 
Onceler said:
I'll have to remember to bump this thread when they find out that the S&P was running a big short w/ this downgrade...
Click to expand...
Fine. You going to bump it when Moody's finds out the government won't cut deficit spending to their satisfaction, and follows suit?
 
Good Luck said:
The liberals STILL can't understand the gist of what is going on, nor the explanation in full given by S&P for their downgrade. Yes, there was a $2 trillion dollar error in debt calculations. And when that error was corrected, the conclusions remain the same, and the poor ignorant liberals who are SO focused on the "republicans won't increasse revenues" statement they forgot to read the rest, are still confused.

It's not about the hard numbers. It's about how our government, faced with both domestic and international economic crises, cannot get their poop in a group enough to make any significant changes to our fiscal policies to actually DEAL with the crises we are facing. We have an unprecedented deficit which is growing to ever more unprecedented heights, and rather than face that down, our dysfunctional gang of political clowns get together, bicker like a class of preschoolers, led by the least competent leader we have had in a LONG time, (Obama and leader are mutually exclusive nouns), and finally on the day of reckoning, come out with a piece of orgiastic drivel mindlessly called a plan to cut SOME of the projected deficit increases.

Can ANYONE see why, when we have such a HOPELESSLY incompetent and mindlessly partisan government who cannot get a DAMNED thing done, led by a president who hasn't a fucking clue what the word leadership means, that the numbers are SECONDARY to the fact that nothing is being done to correct the crisis? Anyone? Anyone? Bueller? Bueller?

S&P is correct: our government no longer deserves a AAA rating, and they state so clearly, and give their reasons clearly - at least clearly to those not looking for finger pointing excuses. They even contrast the U.S. government's response to economic conditions to the other nations which enjoy a AAA credit rating. And guess what the big difference is? The other countries have actually enacted laws which are cutting spending, bringing down their deficits in the immediate future, and projected that all will start to be able to pay down their debt by 2015. The U.S. could only come up with a bunch of empty promises to reduce the rate at which our deficit is growing over the next 10 years. And THAT is the reason for the downgrade. Like any individual's credit rating, it is a combination of debt load, income, and SPENDING HABITS, both historical and projected. It is our projected spending habits that deserve the downgrade, which frankly should be even lower than S&P placed us.
Click to expand...

Hater.
 
Onceler said:
I'll have to remember to bump this thread when they find out that the S&P was running a big short w/ this downgrade...
Click to expand...

Good Luck said:
Fine. You going to bump it when Moody's finds out the government won't cut deficit spending to their satisfaction, and follows suit?
Click to expand...

here's a better solution.....let's just make real cuts to federal spending and they can both upgrade us instead.......
 
Robert Reich just now; "Not only are they wrong about this, they were wrong about the credit default swaps, which is what got us into all this in the first place".
 
Good Luck said:
The liberals STILL can't understand the gist of what is going on, nor the explanation in full given by S&P for their downgrade. Yes, there was a $2 trillion dollar error in debt calculations. And when that error was corrected, the conclusions remain the same, and the poor ignorant liberals who are SO focused on the "republicans won't increasse revenues" statement they forgot to read the rest, are still confused.

It's not about the hard numbers. It's about how our government, faced with both domestic and international economic crises, cannot get their poop in a group enough to make any significant changes to our fiscal policies to actually DEAL with the crises we are facing. We have an unprecedented deficit which is growing to ever more unprecedented heights, and rather than face that down, our dysfunctional gang of political clowns get together, bicker like a class of preschoolers, led by the least competent leader we have had in a LONG time, (Obama and leader are mutually exclusive nouns), and finally on the day of reckoning, come out with a piece of orgiastic drivel mindlessly called a plan to cut SOME of the projected deficit increases.

Can ANYONE see why, when we have such a HOPELESSLY incompetent and mindlessly partisan government who cannot get a DAMNED thing done, led by a president who hasn't a fucking clue what the word leadership means, that the numbers are SECONDARY to the fact that nothing is being done to correct the crisis? Anyone? Anyone? Bueller? Bueller?

S&P is correct: our government no longer deserves a AAA rating, and they state so clearly, and give their reasons clearly - at least clearly to those not looking for finger pointing excuses. They even contrast the U.S. government's response to economic conditions to the other nations which enjoy a AAA credit rating. And guess what the big difference is? The other countries have actually enacted laws which are cutting spending, bringing down their deficits in the immediate future, and projected that all will start to be able to pay down their debt by 2015. The U.S. could only come up with a bunch of empty promises to reduce the rate at which our deficit is growing over the next 10 years. And THAT is the reason for the downgrade. Like any individual's credit rating, it is a combination of debt load, income, and SPENDING HABITS, both historical and projected. It is our projected spending habits that deserve the downgrade, which frankly should be even lower than S&P placed us.
Click to expand...

Yes, the major problem is with the incompetent government insisting on cutting social services. As you correctly wrote, "They even contrast the U.S. government's response to economic conditions to the other nations which enjoy a AAA credit rating."

Exactly! Other countries that have medical plans. Other countries that have those dreaded "social plans". They are handling their debt better than the US. Maybe someone should ask, "How", instead of coming out with old, tired, worn out ideas from the past.
 
The Dude said:
Not sure but I don't think the ratings agencies can own stocks.
Click to expand...

i believe you are correct...that is why i couldn't believe onceler made his comment.... but i could be wrong, i don't believe the agency who downgraded the US has a hedge fund or any other type of fund. they might....wouldn't surprise me.
 
apple0154 said:
Yes, the major problem is with the incompetent government insisting on cutting social services. As you correctly wrote, "They even contrast the U.S. government's response to economic conditions to the other nations which enjoy a AAA credit rating."

Exactly! Other countries that have medical plans. Other countries that have those dreaded "social plans". They are handling their debt better than the US. Maybe someone should ask, "How", instead of coming out with old, tired, worn out ideas from the past.
Click to expand...
I suggest you catch up on the news. Have you not heard the term "austerity" in the news recently? What do you think all the RIOTS are about on the other side of the Pond? Because, despite your rant of ignorance, THEY ARE CUTTING THEIR SOCIAL PROGRAMS!!! And THAT is how they are "handling their debt better" because they seemingly recognize the writing on the wall, and have made the politically unpopular move of making the cuts to social programs and entitlement spending that are needed to cut down their debt.
 
Good Luck said:
I suggest you catch up on the news. Have you not heard the term "austerity" in the news recently? What do you think all the RIOTS are about on the other side of the Pond? Because, despite your rant of ignorance, THEY ARE CUTTING THEIR SOCIAL PROGRAMS!!! And THAT is how they are "handling their debt better" because they seemingly recognize the writing on the wall, and have made the politically unpopular move of making the cuts to social programs and entitlement spending that are needed to cut down their debt.
Click to expand...


Yeah, how's austerity working out for European economies?
 
Good Luck said:
I suggest you catch up on the news. Have you not heard the term "austerity" in the news recently? What do you think all the RIOTS are about on the other side of the Pond? Because, despite your rant of ignorance, THEY ARE CUTTING THEIR SOCIAL PROGRAMS!!! And THAT is how they are "handling their debt better" because they seemingly recognize the writing on the wall, and have made the politically unpopular move of making the cuts to social programs and entitlement spending that are needed to cut down their debt.
Click to expand...

Talking about ignorance the riots were due to a Police shooting.
http://www.cbc.ca/news/world/story/2011/08/06/world-london-tottenham-riots-police-shooting.html

When you get tired of being wrong try tuning in a non-Fox station for news.
 
PostmodernProphet said:
here's a better solution.....let's just make real cuts to federal spending and they can both upgrade us instead.......
Click to expand...
Great, except that is not what is happening. And the fact that there are no signs of it happening is what is driving the move to downgrade the credit rating of the U.S. government.
 
You must log in or register to reply here.
Back
Top