Just hours after President Obama declared the private sector was "doing fine" -- a comment from which he later backed away -- one of the nation's major credit rating agencies affirmed neither the private nor public sector was flourishing.
Standard & Poor’s affirmed its long-term credit rating on the United States at AA+ and said its outlook remains negative.
(This post was last modified: 06-08-2012 11:56 PM by SumOfAllFears.)
Just hours after President Obama declared the private sector was "doing fine" -- a comment from which he later backed away -- one of the nation's major credit rating agencies affirmed neither the private nor public sector was flourishing.
Standard & Poor’s affirmed its long-term credit rating on the United States at AA+ and said its outlook remains negative.
Why do people still pay attention to these credit rating agencies? They have lost any credibility they had with the derivatives fiasco.
(06-08-2012 08:02 PM)firmbizzle Wrote: I think things are getting better. Private sector is hiring. Public sector is laying people off. We are moving in the right direction.
Just think how many commercials Romney will have with COTUS saying that.
Overlay that comment with the unemployment rate...the underemployed...jobs going overseas like Immelt at GE moving his entire division to China...food stamp usage going through the roof....the immense debt and S&P downgrading the US credit for the FIRST TIME IN HISTORY.
(06-10-2012 11:53 AM)boss man Wrote: Just think how many commercials Romney will have with COTUS saying that.
Overlay that comment with the unemployment rate...the underemployed...jobs going overseas like Immelt at GE moving his entire division to China...food stamp usage going through the roof....the immense debt and S&P downgrading the US credit for the FIRST TIME IN HISTORY.
COTUS is the gift that keeps on giving.
Given the private sector is just fine, not sure Romney or any of his Super PACS can get away with lying and say it is not.
Note: THe private sector is making HUGE profits they just refuse to hire.
(06-10-2012 03:34 PM)firmbizzle Wrote: You must beat something with something. What is Romney's plan for getting things going while Europe and China are in decline?
I think that right now, you can get China going if you get this country going. THough, in about 10-20 years, I suspect that is going to change.
(06-09-2012 06:13 PM)UConn-SMU Wrote: Obama knows nothing of economics. He doesn't even understand the simple stuff like supply & demand.
In a country that cranks out MBA's by the boatload, we have a president that's an economic ignoramus.
Sad.
A bigger joke is the number of lawyers cranked out by diploma mills in the US, INCLUDING HARVARD. There should be a limit on the number of parasites that can be introduced into the US each year.