Nikola Neocon Swann may profit from the glitz of the Olympics but he looka like a man who hate Social Security and Medicare. You can't trust anything a Republican says.
lynchie
· 1 year ago
So those same incompetents who did not plan for the Mortgage collapse are reassuring us there is nothing to worry about with America's credit rating. Well Chris, ask them to explain why the dollar is in the toilet, simple, the world is changing from currency valued against the American dollar to the Euro. Using their logic, the banks are fine then why the bailouts, using their logic the $15 trillion in debt can be paid off. Simple question Chris, with what? Are we going to sell them SUV's or maybe we just give our debtors America, we have slowly privatized roads, port protection, etc. Why not just give them the whole country because our elected officials and corporate CEO's sure as hell don't know how to run it.
tofubo
· 1 year ago
one of the things that brought down the u.s.s.r. was the drain that was the afghanistan war
we are in both afghanistan and iraq with bleatings for involvement in iran, you do the math
OlderAndWiser
· 1 year ago
The rating agencies have been under fire for some time, having bungled the subprime mess (see this year old article):
Would you really trust them to rate the US with all its debt, deregulation, bailouts and pending bailouts, and the added-to daily deficit? I believe other countries will do the rating themselves as the dollar falls even lower. Of course, US bribes to China and other countries in the form of technology, aid, etc. could soften their responses.
Certainly Congress has taken no moves to improve the US rating during the last 8 years.
Andrew
· 1 year ago
You have to love getting only half the story from people associated with government statistics. 15 trillion is just the start. They seem to forget that we also have unfunded liabilities like Social Security, Medicare and Medicaid as well as a war and triple deficitis that continue to grow. The actual number is north of 70 trillion. That sure would kill my credit rating.
vkobaya
· 1 year ago
AAA rating? Who's kidding who? These are the same idiots who tell us we aren't in a recession, that America has the greatest medical system in the world, that the Iraqi would greet our soldiers with flowers and dancing in the streets, that our economy is greatest in the world, our kids get the best education, etc.Oh yeah, but the streets of Baghdad are safer than the N---- streets of New York or Washington DC.
Oh yeah! Same idiots who thought it would be a great idea if China became a capitalist nation. A nation with 1.3 billion people who are far, far and away the most materialistic culture imaginable.
HowisitBushsfault
· 1 year ago
Chris-
Giving credit where credit is due, this is definitely Bush's fault and you are quite right to raise it as such.
For what it's worth, Bush finally got rid of Rumsfeld, and replaced him with Mr. Gates, a true American patriot; he also appointed Mr. Paulson as Treasury Secretary. At least he's trying, though you are again quite right that he bears full responsibility for whatever results.
Thanks again for identifying a key economic issue facing our nation and, indeed, the world.
Apt604
· 1 year ago
As they say on the blog Calculated Risk . . . "we're all subprime now," baby!
All Comments
The BBC has found the first evidence that China is currently helping Sudan's government militarily in Darfur.
http://news.bbc.co.uk/2/hi/africa/7503428.stm
http://news.bbc.co.uk/2/hi/africa/7503441.stm
AP: WWII US bomb forces evacuation in Japan
http://news.yahoo.com/s/ap/20080713/ap_on_re_as...
we are in both afghanistan and iraq with bleatings for involvement in iran, you do the math
http://money.cnn.com/2007/08/20/magazines/fortu...
Would you really trust them to rate the US with all its debt, deregulation, bailouts and pending bailouts, and the added-to daily deficit? I believe other countries will do the rating themselves as the dollar falls even lower. Of course, US bribes to China and other countries in the form of technology, aid, etc. could soften their responses.
Certainly Congress has taken no moves to improve the US rating during the last 8 years.
Oh yeah! Same idiots who thought it would be a great idea if China became a capitalist nation. A nation with 1.3 billion people who are far, far and away the most materialistic culture imaginable.
Giving credit where credit is due, this is definitely Bush's fault and you are quite right to raise it as such.
For what it's worth, Bush finally got rid of Rumsfeld, and replaced him with Mr. Gates, a true American patriot; he also appointed Mr. Paulson as Treasury Secretary. At least he's trying, though you are again quite right that he bears full responsibility for whatever results.
Thanks again for identifying a key economic issue facing our nation and, indeed, the world.