Stocks fall as U.S. credit rating outlook lowered to negative by Standard and Poors

Stocks fall as U.S. credit rating outlook lowered to negative by Standard and Poors

latimes

The credit rating agency Standard & Poor's lowered the outlook on the United States' credit to "negative," sending leading stock indexes down in early trading.

The report released Monday morning says that the United States has a large debt and deficit compared with other highly rated nations, and unlike with those other nations "the path to addressing [the debt and deficit] is not clear to us."

(visit the link for the full news article)

For those wondering if we lost the AAA rating, the article goes on to say that they stopped short of that, however there is a 33% chance that it will be lowered from this in the next two years...

The United States kept its AAA rating, but the downgrade means that S&P analysts believe there is at least a 33% chance that the agency will have to lower its credit rating on U.S. debt in the next two years.

[url=http://latimesblogs.latimes.com/money_co/2011/04/us-credit-rating-outlook-lowered-to-negative-by-standard-poors.html]latimesblogs.latimes.com[/ur l]
(visit the link for the full news article)

Do you hear that?

That pounding sound?

That's the nails being hammered into the coffin that is the United States.

Am I the only one able to hear it?

Seriously, people, if you can't see what this type of news is bringing to the VERY near future, there's not much more that can be said.

Of course we can all hear it. Many socialists choose to ignore it. They refuse to put the US back onto the path of fiscal responsibility. They would rather rob their children and grandchildren of their livelihood, than accept responsibility for austerity themselves. Millions will die and be "displaced" by the coming collapse, but it is ok in the name of "fairness"

Oh geez, never saw this coming.

Fed Govt, keep spending and taxing. Take from some to give to others.

What was everyone expecting? Especially if the Fed raises the debt ceiling.

reply to post by HunkaHunka


It'll be interesting to see how Washingtonians try to spin this mess come next election.

Stocks fall as U.S. credit rating outlook lowered to negative by Standard and Poors

Translation: The bankers are threatening politicians to raise the US debt limit or else.

reply to post by Jomina


Your not... I would actually prefer the Government not raise the debt ceiling. It would force us to deal with the problem, instead of continually making it a political issue.

I would prefer to see bread lines again than continue down this path.

I am sure the creation of trillions of dollars by the Fed has alone triggered this drop.
Why are we letting the Fed wreck the American economy?
Where is the goverment oversight at this time?
There is nothing being done to stop this rape of America!Surely there are traitors in our midst!
The whole world is teetering economically!
japan, America, The EU debt crisis.......There is some heavy weather ahead for the stock marlet im sure.....
get out yer bear suits....

reply to post by HunkaHunka


[atsimg]http://files.abovetopsecret.com/images/member/d1734e3fe0da.jpg[/atsimg]

Says it all

Originally posted by SLAYER69
reply to post by HunkaHunka

 

It'll be interesting to see how Washingtonians try to spin this mess come next election.

Maybe they will actually tell the truth, that would be a great spin.

It would confuse me for sure.

WE get to overthrow our Government every 2 years. Because of that, we should not be in this mess, yet we are. If people woul get involved, hold your elected officals accountible, and fire their butts when they do something they shouldnt.

We let this happen but not caring.

Well, we have all the statist/interventionists to thank!

Gotta love the Entitlement programs, and Unconstitutional social welfare programs.

But lets face it though, liberals have never pretended to be champions of smaller government, much less fair and balanced government.

Personally I see this as yet another signal that we are one step closer to a major conflict.

My thoughts are the bankers will saddle the losers of such a conflict with the current debt burdens, and rape all sides of whatever they have...

Originally posted by HunkaHunka

Stocks fall as U.S. credit rating outlook lowered to negative by Standard and Poors

latimes

The credit rating agency Standard & Poor's lowered the outlook on the United States' credit to "negative," sending leading stock indexes down in early trading.

The report released Monday morning says that the United States has a large debt and deficit compared with other highly rated nations, and unlike with those other nations "the path to addressing [the debt and deficit] is not clear to us."

(visit the link for the full news article)

edit on 18-4-2011 by HunkaHunka because: (no reason given)

edit on 18-4-2011 by HunkaHunka because: (no reason given)

edit on 18-4-2011 by HunkaHunka because: (no reason given)

edit on 18-4-2011 by HunkaHunka because: (no reason given)

Standard & Poor's.. is that the name of the credit agency? Freudian slip?

Originally posted by SLAYER69
reply to post by HunkaHunka

 

It'll be interesting to see how Washingtonians try to spin this mess come next election.

Congrats! A retrograde increase in prosperity!

Originally posted by Whereweheaded
Well, we have all the statist/interventionists to thank!

Gotta love the Entitlement programs, and Unconstitutional social welfare programs.

But lets face it though, liberals have never pretended to be champions of smaller government, much less fair and balanced government.

I dunno about that, all the liberals around here only want is a smaller, less intrusive government..
Perhaps there is the difference between the liberals here and the liberals where you are...

Everyone should listen to the below, released today


This is why it's IMPOSSIBLE that liberals will fix anything
They will only want to expand this corrupt govt. with more useless regulators and govt. bodies.
Spend spend spend, throw money at the problem and all will be well.

It's imperative to return to free market and a limited govt. like yesterday!!

Originally posted by thoughtsfull

Originally posted by Whereweheaded
Well, we have all the statist/interventionists to thank!

Gotta love the Entitlement programs, and Unconstitutional social welfare programs.

But lets face it though, liberals have never pretended to be champions of smaller government, much less fair and balanced government.

I dunno about that, all the liberals around here only want is a smaller, less intrusive government..
Perhaps there is the difference between the liberals here and the liberals where you are...

That's why they keep pushing for more entitlement programs, redistributing other peoples fruits from their labor huh? There intervention in your paycheck, and ever increasing inflation, is a serious sign of less government huh?

Our financial markets are anything but free,bond raters have a quasi cartel. Banks and insurers have even more regulation, ( aside from the Federal reserve ),. Money is monopolized by the Fed,.

Since Bush expanded govt, more than any other president since LBJ, Obama has now expanded even further than Bush. It makes obama the most " big government " president in history.

But yeah, if you're all for intervention, and denounce individualism, and honestly believe that Liberals are champions of smaller government be my guest.

Oh less we forget, entitlement programs consume most of the national budget, paid by whom? Thats right, the tax payer. Sounds more like a burden to me~


That's a far cry from less intrusive government...but nice try though.

reply to post by ModernAcademia


and who is that controls the house right now? hint, it's not liberals. liberals were in control before them. that you and others in this thread continually fall for the left vs. right sleight of hand is just appallingly hilarious. it's all one in the same, bad government choices of career politicians from mostly lawyer backgrounds.