Pack93z
  • Pack93z
  • Select Member Topic Starter
13 years ago
Ignorance or trying to rein in the free fall on Wall Street?

Either way.. I think it is going to take more than common sense and compromise. I think that minimizes the peril that we realistically find ourselves.

One has to believe that few in this country truly buys that we aren't in trouble.


Obama calls US AAA nation despite AA+ Rating 

WASHINGTON (AP) — President Barack Obama on Monday essentially dismissed the first-ever downgrade of the U.S. credit rating, trying to reassure investors and the public that the nation's leaders need only show more "common sense and compromise" to tame a staggering accumulation of debt.

Seeking to demonstrate command in a volatile economic climate, Obama said he hoped the decision by Standard & Poor's would at least give Congress a renewed sense of urgency to tackle debt problems. He said that must be done mainly by taking on the politically difficult issues of reforming taxes and entitlement programs in the coming months.

In his first public comments on the credit downgrade, which S&P announced late Friday, Obama said Washington had the power to fix its own political dysfunction.

"Markets will rise and fall," he said. "But this is the United States of America. No matter what some agency may say, we've always been and always will be a triple-A country."

S&P officials dropped the government's rating to AA+ from the top rating, AAA, based on a lack of confidence that Congress and the president will be able to shake their political gridlock and make more serious reductions in the long-term debt. The agency was dissatisfied with the deal lawmakers reached last week just in time to prevent a government default.

Obama said most of the world's investors agree that the United States remains a wise place to put their money.

Still, stocks sunk in trading Monday as U.S. investors joined a global sell-off after the downgrade.


"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
vegOmatic
13 years ago
On the news Obama is blaming the Tea Party.

LOL
blank
Zero2Cool
13 years ago

On the news Obama is blaming the Tea Party.

LOL

Originally Posted by: vegOmatic 


maybe they should have tried cappuccino instead?
UserPostedImage
porky88
13 years ago

On the news Obama is blaming the Tea Party.

LOL

Originally Posted by: vegOmatic 


As he should. He should blame them, himself, republican leadership, democratic leadership. One side is dumb and the other is dumber. The trouble I have is figuring out which is which.
Pack93z
  • Pack93z
  • Select Member Topic Starter
13 years ago

As he should. He should blame them, himself, republican leadership, democratic leadership. One side is dumb and the other is dumber. The trouble I have is figuring out which is which.

Originally Posted by: porky88 



Agreed.. one party if carrying the shovel and the other the pick.. just waiting to bury us for good.. lol.
"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
Since69
13 years ago
Remember Kevin Bacon screaming, "Remain calm! All is well!" in Animal House?
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Pack93z
  • Pack93z
  • Select Member Topic Starter
13 years ago

Remember Kevin Bacon screaming, "Remain calm! All is well!" in Animal House?

Originally Posted by: Since69 



Classic.. lol. Well played!




"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
zombieslayer
13 years ago
Obama's seeing if he can do more damage to the USA in 4 years than GWB did in 8. It's gonna be a close call.

Kudos to those who shorted the DOW at 12k. Now you guys look brilliant. Unfortunately, I was asleep at the wheel and didn't.

We may be downgraded again. Buy the DOW heavily when it drops down to 8k. I told a stranger who was reading the finance section of the paper that we'll drop below 11k tomorrow (last night). He looked at me weird. He should have listened as I was right. It dropped another 600+ points today.
My man Donald Driver
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(thanks to Pack93z for the pic)
2010 will be seen as the beginning of the new Packers dynasty. 🇹🇹 🇲🇲 🇦🇷
DakotaT
13 years ago
I intend on keeping my children's 529 plans going and my deferred comp plan here at work because I can buy service time with it all pre taxed - but other than that, I never intend on feeding the crooked monster on Wall Street.

My short term goal is to have my mortgage over with in about 8 years. Mrs. Dakota is pissed at me cause I've shut off the spending spree, but her spoiled ass needs to shut down a little anyway.
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Wade
  • Wade
  • Veteran Member
13 years ago
If I were a con man, my targets would be...

ANYONE who thinks Obama, Bernanke, and company have ANYTHING to say worth listening to.

Unless, I suppose, you have a scholarly or contrarian-investor interest in the history of insidious uselessness.
And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)
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