Downgrade

Quote:Ratings firm Egan-Jones cut its credit rating on the U.S. government to "AA-" from "AA," citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country's credit quality.

Quote:In its downgrade, the firm said that issuing more currency and depressing interest rates through purchasing mortgage-backed securities does little to raise the U.S.'s real gross domestic product, but reduces the value of the dollar.

In turn, this increases the cost of commodities, which will pressure the profitability of businesses and increase the costs of consumers thereby reducing consumer purchasing power, the firm said.

So important for the conservative cause of destroying America so Obama is defeated that this is posted twice!

(09-14-2012 04:58 PM)Redwingtom Wrote:  So important for the conservative cause of destroying America so Obama is defeated that this is posted twice!

Obama is beating himself. Romney should just sit back and watch Obama implode.

(09-14-2012 04:58 PM)Redwingtom Wrote:  So important for the liberal cause of destroying America so Obama wins this is completely ignored!

FIFY

I'm sorry but this is going to bum you out.

Obama is up to a 67.1% favorite. Highest I have seen it.

http://www.intrade.com/v4/markets/contra...tId=743474

In turn, this increases the cost of commodities, which will pressure the profitability of businesses and increase the costs of consumers thereby reducing consumer purchasing power, the firm said.

The poor are going to get poorer because of this. No doubt.

That's nice. It has nothing to do with our credit downgrade.

(09-14-2012 05:07 PM)Ninerfan1 Wrote:  That's nice. It has nothing to do with our credit downgrade.

Ensign : Captain, we have an incoming credit downgrade

Captain : Deflector Shield to Max

QE3 sealed it for Obama. He's went up 8% points in the last two days.

(09-14-2012 06:10 PM)Machiavelli Wrote:  QE3 sealed it for Obama. He's went up 8% points in the last two days.

Depends on the poll. And since QE was just announced yesterday giving it credit for any bump Obama got is fairly unrealistic.

The majority of voters don't understand QE to begin with. It's not moving he polls.

(09-14-2012 06:19 PM)Ninerfan1 Wrote:  

(09-14-2012 06:10 PM)Machiavelli Wrote:  QE3 sealed it for Obama. He's went up 8% points in the last two days.

Depends on the poll. And since QE was just announced yesterday giving it credit for any bump Obama got is fairly unrealistic.

The majority of voters don't understand QE to begin with. It's not moving he polls.

Yeah but...free money!

I can't wait to pay $9 for a gallon of milk.

BY READING THIS POST YOU RECOGNIZE THAT IMATY IS THE LAST GREAT CRUSADER FOR TRUTH AND JUSTICE SO HELP YOU GOD.