Credit Rating of US Downgrades again

[The Nature Boy 4,224]

Well my Liberal friends it appears that the Current admin has set another economic millstone. How can any of you defend Barry's Economic record is beyond me.

My link

(CBS/AP) NEW YORK - Credit rating agency Egan-Jones is downgrading its rating on U.S. debt to AA- from AA, citing Federal Reserve plans to try to stimulate the economy.

The firm said the Fed's plans to buy mortgage bonds will likely hurt the economy more than help it. Egan-Jones said the plan will reduce the value of the dollar and raise the price of oil and other commodities, hurting businesses and consumers.

"Up, up and away -- the Fed's QE3 will stoke the stock market and commodity prices, but in our opinion will hurt the U.S. economy and, by extension, credit quality," Egan-Jones said in a report Friday, alluding to a third round of quantitative easing announced by the central bank Thursday. "Issuing additional currency and depressing interest rates via the purchasing of [mortgage-backed securities] does little to raise the real GDP of the U.S., but does reduce the value of the dollar... and in turn increases the cost of commodities (see the recent rise in the prices of energy, gold and other commodities)."

[웃 910]

[Pinocchio Liberal 268]

Libs are willing to go down with the ship very very sad.

[Usui Takumi 1,562]

Hahaha stupid libs! Why the hell did the Dimocrats appoint old ben....oh wait.....they didn't.

Edited September 15, 2012 by Sousuke

[The Nature Boy 4,224]

Hahaha stupid libs! Why the hell did the Dimocrats appoint old ben....oh wait.....they didn't.

Oh actually they did . Barry Re appointed him in him in 2009 and he was it was confirmed by the Democrat held senate in 2010.. You better find another lame excuse for Barry's sucky economy.

[Usui Takumi 1,562]

Oh actually they did . Barry Re appointed him in him in 2009 and he was it was confirmed by the Democrat held senate in 2010.. You better find another lame excuse for Barry's sucky economy.

Doesn't really matter, once appointed they tend to hold on to the office beyond their original appointment. The Fed is NOT political.

[I AM NOT THAT GUY 5,715]

Not to let Barry of the hook, but I wouldn't worry too much about Egan-Jones, the new kids on the block, and they are already in hot water with the SEC for misrepresentation when they filed their application in 2008.

The Fed is NOT political.

[X Factor 1,112]

Downgraded again - Yikes

[The Nature Boy 4,224]

Doesn't really matter, once appointed they tend to hold on to the office beyond their original appointment. The Fed is NOT political.

Folks that is called a full retreat LOL..

[Usui Takumi 1,562]

Folks that is called a full retreat LOL..

Never retreat, never surrender, sepukku is always an option. Seriously though, what party was Ben affiliated with again? Republicans.

Yet to argue that what the Federal reserve does is somehow connected to "liberals" truly represents a naive view of our government. Thats the type of view that assumes we could still return to the gold standard.

Edited September 15, 2012 by Sousuke

[The Nature Boy 4,224]

Never retreat, never surrender, sepukku is always an option. Seriously though, what party was Ben affiliated with again? Republicans.

Yet to argue that what the Federal reserve does is somehow connected to "liberals" truly represents a naive view of our government. Thats the type of view that assumes we could still return to the gold standard.

Ah the Liberal squirm.. All I said was that under Barry's watch we had reached another Milestone, another credit downgrade. Then posted the link to the article.

You replied with "Hahaha stupid libs! Why the hell did the Dimocrats appoint old ben....oh wait.....they didn't." When in fact they didd

You brought this up and blamed it on the Republicans, by saying they were responsible for the current Fed Charmian

When I pointed out that Barry re appointed him in 209 and that he was re confirmed by a Democratic senate all of a sudden it did not matter anymore to you and that the fed was not political Then in your next post you claim they are Republicans.

Bottom line is .that you libs will blame anything and everything on Barry's failed economic polices and will not admit the fact we are way worse off today then when he took office.

One thing for sure. If Barry get's reelected the liberal war cry of --"He inherited a mess" will sure be true.

.

[Dan J 277]

1. Credit ratings don't really matter when every other option is worse.

2. Quantitative Easing is relying on getting wealthy people and companies to spend more money to create jobs, which is more of a conservative principle on how the economy works, although there is little else the Fed can do when it comes to job creation.

[Usui Takumi 1,562]

Ah the Liberal squirm.. All I said was that under Barry's watch we had reached another Milestone, another credit downgrade. Then posted the link to the article.

You replied with "Hahaha stupid libs! Why the hell did the Dimocrats appoint old ben....oh wait.....they didn't." When in fact they didd

You brought this up and blamed it on the Republicans, by saying they were responsible for the current Fed Charmian

When I pointed out that Barry re appointed him in 209 and that he was re confirmed by a Democratic senate all of a sudden it did not matter anymore to you and that the fed was not political Then in your next post you claim they are Republicans.

Bottom line is .that you libs will blame anything and everything on Barry's failed economic polices and will not admit the fact we are way worse off today then when he took office.

One thing for sure. If Barry get's reelected the liberal war cry of --"He inherited a mess" will sure be true.

.

1. I'm not by definition a liberal - though I do think when you start calling people names it shows your heavy bias.

2. I wasn't replying to you in my initial post, if I had I would have quoted you.

3. If you reread my posts I'm actually not blaming republicans OR democrats for the actions of the Fed - Thats my entire point! LOL

4. I agree that QE3 is probably not going to be effective. I don't think QE2 was either.

Edited September 15, 2012 by Sousuke

[The Nature Boy 4,224]

1. I'm not by definition a liberal - though I do think when you start calling people names it shows your heavy bias.

2. I wasn't replying to you in my initial post, if I had I would have quoted you.

3. If you reread my posts I'm actually not blaming republicans OR democrats for the actions of the Fed - Thats my entire point! LOL

4. I agree that QE3 is probably not going to be effective. I don't think QE2 was either.

You defended Obama by saying the current Fed chief was in office because of Republicans. That statement is not true. He was was the Choice of Obama and the democrat Senate.

Your right calling some one a liberal is a nasty accusation.. Sorry

[Danno 1,228]

Doesn't really matter, once appointed they tend to hold on to the office beyond their original appointment. The Fed is NOT political.

But Obama swept into office with the promise of Change.

OBut perhaps he was referring to our credit rating?