4 replies to this topic

[jjf3]

Who can actually see this happening:

[Unrequited Lust]

lol how ignorant. Sucks that Obama criticizers know so inexcusably little about world politics. Almost ensures his reelection.

Foreign creditors aren't going to stop. We're a AAA (except for the AA+ give to us by S&D, a decision based solely on the Republicans' opposition to relinquish the Bush tax cuts) nation. China is getting rich off of us. They're not going to stop. It's profitable and it will remain profitable for a long time.

2012 my asshole. Get a reliable source.

[jjf3]

Haha its funny how obama supporters will follow him and do w/e the hell he says without even looking at the facts or how bad a state our economy is. I could definitely see this happening. He will definitely not explain it as clear as this video does. 2012 is a bit of a stretch i'll agree, but 2015? If obama is re-elected and we stay on this course, than I don't see why not. S&P clearly stated that there was no political agenda in it's decision to downgrade us. And I would believe them, over MSNBC or FOX News.


"Our role is to call the risks objectively, with transparency, and that's what we try to do to fulfill our role and that's what our job is for the benefit of investors."

I don't think it really had much to do with the Bush Tax Cuts otherwise Mr. Obama would have seen them expire, not re-sign them into law!!!!! There is something called political power, that Obama might have forgotten that he has. He didn't have to bring them back. There are much more things that we need to worry about than the Tax Cuts. Like actually paying off our debt, which wealth distribution will not accomplish.

[Unrequited Lust]

Haha its funny how obama supporters will follow him and do w/e the hell he says without even looking at the facts or how bad a state our economy is. I could definitely see this happening. He will definitely not explain it as clear as this video does. 2012 is a bit of a stretch i'll agree, but 2015? If obama is re-elected and we stay on this course, than I don't see why not. S&P clearly stated that there was no political agenda in it's decision to downgrade us. And I would believe them, over MSNBC or FOX News.


"Our role is to call the risks objectively, with transparency, and that's what we try to do to fulfill our role and that's what our job is for the benefit of investors."

I don't think it really had much to do with the Bush Tax Cuts otherwise Mr. Obama would have seen them expire, not re-sign them into law!!!!! There is something called political power, that Obama might have forgotten that he has. He didn't have to bring them back. There are much more things that we need to worry about than the Tax Cuts. Like actually paying off our debt, which wealth distribution will not accomplish.

Are you hiding under a rock? First of all, I'm not an Obama supporter.

In the freaking report that Standard and Poor gave stating their reasons for the downgrade, it was the debt ceiling crisis and lack of (what they perceive) new revenue.

Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise
revenues, a position we believe Congress reinforced by passing the act.

Obama has been wanting to get rid of the Bush tax cuts for a long time. A long time. Haven't you heard him saying "pay their share"? The "Buffett tax"? He renewed them in December 2010 because the lame duck Republicans threatened to deadlock which would mean the federal government would have to default on unemployment checks. A compromise that Obama left off until 2012 where he could use it as a political ploy. A good majority of Americans want to see tax hikes on the rich so he's going to get a lot of votes just for that.

[Zachemc2]

We've got to cut spending NOW. Not in 10 years, NOW. If we repeal the Bush Tax Cuts (20% of GDP), we're still going to have a deficit of $1,000,000,000,000 and probably more since raising taxes in a stagnation will probably cause us to 'double-dip'.