THE POLITICAL ARENA!!! Political Gladiators Inside!!

lonewolf · Post by **lonewolf** » Friday Aug 05, 2011

Kind old King George never came close or even dreamed of the oppressions that this government is doling out. Here are some "secret" laws that the criminals in DC have thrust upon us:

http://www.stansberryresearch.com/pro/1 ... REMM824/PR

Yes, its an ad, but you can check out the provisions yourself. Yes Nancy you were correct, you had to pass it to find out what's in it.

f.sciarrillo · Post by **f.sciarrillo** » Friday Aug 05, 2011

The US credit rating got downgraded from AAA to AA+ today. Does anyone still think Obama is the Messiah? Is it 2012 yet?

http://money.cnn.com/2011/08/05/news/ec ... &hpt=hp_t1

Don Hughes · Post by **Don Hughes** » Friday Aug 05, 2011

Wasn't the Messiah something in the movie Deep Impact?

Everything's the Messiah anymore. Obama, Stone Cold Steve Austin, John Cena, Kobe, Big Ben, I think the word is overused by now.

lonewolf · Post by **lonewolf** » Friday Aug 05, 2011

f.sciarrillo wrote:The US credit rating got downgraded from AAA to AA+ today. Does anyone still think Obama is the Messiah? Is it 2012 yet?

http://money.cnn.com/2011/08/05/news/ec ... &hpt=hp_t1

Now I am wondering how many $trillions of US debt are held by bond mutual funds and ETFs that require all their holdings to be AAA.

Many may be required to sell all of their US government bonds which would cause a massive selloff in the bond market. Some money market funds may even be affected--if any large money market funds can't maintain a $1 per share status, this could get very ugly, very quickly.

Monday morning should be very interesting.

f.sciarrillo · Post by **f.sciarrillo** » Saturday Aug 06, 2011

Don Hughes wrote:Wasn't the Messiah something in the movie Deep Impact?

Everything's the Messiah anymore. Obama, Stone Cold Steve Austin, John Cena, Kobe, Big Ben, I think the word is overused by now.

You are right, Don. The word is used quite a bit nowadays.

lonewolf wrote:
Now I am wondering how many $trillions of US debt are held by bond mutual funds and ETFs that require all their holdings to be AAA.

Many may be required to sell all of their US government bonds which would cause a massive selloff in the bond market. Some money market funds may even be affected--if any large money market funds can't maintain a $1 per share status, this could get very ugly, very quickly.

Monday morning should be very interesting.

I know what you mean, Jeff. I will be watching it closely on Monday. I have a feeling that we will be in for quite a ride.

f.sciarrillo · Post by **f.sciarrillo** » Saturday Aug 06, 2011

lonewolf · Post by **lonewolf** » Monday Aug 08, 2011

Another downgrade...this time on Fannie and Freddie and was a long time coming:

http://finance.yahoo.com/news/SampP-dow ... 3.html?x=0

For those who listen to the talking head cheerleaders on TV or otherwise figure that this can't get any worse, please familiarize yourself with the term NORMALCY BIAS

Banned · Post by **Banned** » Monday Aug 08, 2011

Obamageddon! Barackalypse Now!

Bam is "Debt Man Walking" in 2012!

AAA Rating, what Obama inherited from Bush: First Credit downgrade in US History---Obama's gift to America.

Banned · Post by **Banned** » Monday Aug 08, 2011

New Low: 17% Say U.S. Government Has Consent of the Governed

http://www.rasmussenreports.com/public_ ... e_governed

whitedevilone · Post by **whitedevilone** » Monday Aug 08, 2011

Where's all the fish??

f.sciarrillo · Post by **f.sciarrillo** » Monday Aug 08, 2011

lonewolf wrote:Another downgrade...this time on Fannie and Freddie and was a long time coming:

http://finance.yahoo.com/news/SampP-dow ... 3.html?x=0

For those who listen to the talking head cheerleaders on TV or otherwise figure that this can't get any worse, please familiarize yourself with the term NORMALCY BIAS

I hope Fannie and Freddy go out of business, the crooks.

I see where the dow is down another 470 points. The is nice, NOT!

It is quite a mess that Obama has made, eh? Well, some will say that it isn't his mess. Either way, he just made it worse.

f.sciarrillo · Post by **f.sciarrillo** » Monday Aug 08, 2011

Dow closed down 619 points. The dems are blaming the Tea Party for everything, I mean everything. It is nice to see that they aren't blaming Bush for this, but they must really, really, really be afraid of the tea party.

http://www.foxnews.com/politics/2011/08 ... y-charges/

onegunguitar · Post by **onegunguitar** » Monday Aug 08, 2011

Obama and his administration have to point fingers and blame everyone else,that's what he (they) do best. Obama is not a leader,never was and won't ever be. The only thing he is doing is destroying America,but that's exactly what he wants. He needs to go....... NOW!!!!

onegunguitar · Post by **onegunguitar** » Monday Aug 08, 2011

whitedevilone wrote:Where's all the fish??

Hahahahaha.....

mjb · Post by **mjb** » Monday Aug 08, 2011

LONEWOLF has been calling this now for years, listen to him, hes actually the only poster on here that makes any sense in this thread (although i haven't read the whole thing) his predictions as far as our economy have been spot-on, and the way this mess was going to unfold for at least 3-4 years that i know of.

Banned · Post by **Banned** » Monday Aug 08, 2011

onegunguitar wrote:Obama and his administration have to point fingers and blame everyone else,that's what he (they) do best. Obama is not a leader,never was and won't ever be. The only thing he is doing is destroying America,but that's exactly what he wants. He needs to go....... NOW!!!!

+ 1

If his goal was to destroy this country, he is succeeding. If his goal is to help America, I have yet to see ANY evidence of it.

Obama has done more damage the the American economy than anything Osama attempted.

Hawk · Post by **Hawk** » Monday Aug 08, 2011

Wake the hell up and learn the TRUTH...!

S & P downgraded our rankings. Why ?

I'll quote S & P.

"We have changed our assumption on this because the majority of Republicans in congress continue to resist any measure that would raise revenues."

Source: Standard and Poor's

How anyone could be fooled into thinking otherwise is beyond me. Lift the damn wool that is covering your eyes and search for the truth. I really think that you (plural - relative to the few right wingers on here) are so hung up in your ideology that you don't want to take the blinders off.

I'll be back again to spread the facts, even though you never let facts get in the way of your opinions.

RobTheDrummer · Post by **RobTheDrummer** » Monday Aug 08, 2011

It's not about raising revenue, it's about cutting spending.

f.sciarrillo · Post by **f.sciarrillo** » Monday Aug 08, 2011

Hawk wrote:Wake the hell up and learn the TRUTH...!

S & P downgraded our rankings. Why ?

I'll quote S & P.

"We have changed our assumption on this because the majority of Republicans in congress continue to resist any measure that would raise revenues."

Source: Standard and Poor's

How anyone could be fooled into thinking otherwise is beyond me. Lift the damn wool that is covering your eyes and search for the truth. I really think that you (plural - relative to the few right wingers on here) are so hung up in your ideology that you don't want to take the blinders off.

I'll be back again to spread the facts, even though you never let facts get in the way of your opinions.

Bill, show me where he said that please? I was watching the head of S&P on CNN (I can't remember his name) and he said the reason the downgrade happen was because of the debt to income ratio. They wanted 4 trillian in cuts and only got 2. That from he said wasn't good enough.

f.sciarrillo · Post by **f.sciarrillo** » Monday Aug 08, 2011

Ray Stevens does it best -> http://www.youtube.com/watch?v=J6TcpfBHlbs

Then there is also

Cletus T. Judd -> http://www.youtube.com/watch?v=6lV1mIggoqE&ob=av2e

onegunguitar · Post by **onegunguitar** » Monday Aug 08, 2011

RobTheDrummer wrote:It's not about raising revenue, it's about cutting spending.

This is what the problem is.....spending. If this gov. raises revenues,aka taxes,they will just spend more. Live within your means.

lonewolf · Post by **lonewolf** » Monday Aug 08, 2011

Hawk wrote:Wake the hell up and learn the TRUTH...!

S & P downgraded our rankings. Why ?

I'll quote S & P.

"We have changed our assumption on this because the majority of Republicans in congress continue to resist any measure that would raise revenues."

Source: Standard and Poor's

How anyone could be fooled into thinking otherwise is beyond me. Lift the damn wool that is covering your eyes and search for the truth. I really think that you (plural - relative to the few right wingers on here) are so hung up in your ideology that you don't want to take the blinders off.

I'll be back again to spread the facts, even though you never let facts get in the way of your opinions.

The TRUTH? YOU CAN'T HANDLE THE TRUTH!

The truth is, your quote is completely out of context. That's OK Bill, that's the typical MO for democrats these days as their few years of power will soon be over. I don't know that the alternative will be any better. We shall see.

The truth? Here is S&P's standing on the issue:

"Standard & Poor's takes no position on the mix of spending and revenue measures that Congress and the Administration might conclude is appropriate for putting the U.S.'s finances on a sustainable footing."

Your "text bite" was simply an explanation of one of the data changes they made to update their mathematical model to incorporate the extension of the 2003 tax cuts even beyond their present expiration.

Here is the entire paragraph...learn the truth:

"Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act. Key macroeconomic assumptions in the base case scenario include trend real GDP growth of 3% and consumer price inflation near 2% annually over the decade."

Here is the entire statement. Enjoy.

http://www.standardandpoors.com/servlet ... lue3=UTF-8

whitedevilone · Post by **whitedevilone** » Monday Aug 08, 2011

When Hawks are silly enough to be on the ground, they get eaten by Wolves.

mjb · Post by **mjb** » Monday Aug 08, 2011

Owned! Where's that pic hurricane posted a couple years ago take robs face out and put bills in lol

Hawk · Post by **Hawk** » Tuesday Aug 09, 2011

Brinkmanship is the practice of pushing dangerous events to the verge of disaster in order to achieve the most advantageous outcome.

S & P Clearly uses the term "Brinkmanship" as the biggest reason for the downgrade. That was the Republicans fault as the tea party held us hostage. Another problem S & P sighted was the threat of not raising the debt ceiling relative to "Brinkmanship". And congressmen willing to default on our debts for their political agenda.

Brinkmanship is directly related to the exact quote I gave you in the proper context. Spin all you want.

It is against the constitution (an amendment added after the Civil war and upheld in 1936) that says congress MUST pay all debts agreed to by any previous congress.

Rob, the super rich own 40% of the wealth and are hoarding trillions of dollars. If we go back to Reagan era taxes the increased revenue would be a tremendous help. Given that the super rich bought and paid for the majority of congressmen I don't understand your defense of them.
I only ask that they pay their fair share. Reagan understood revenue and raised taxes about five times.

I'm sorry you guys enjoy your hate so much that the truth is ignored by you. You (plural) are a sad bunch. Now go on and laugh at the truth while you love your own hatred. I'm sorry facts and truth get in the way in your little pissing corner here on Rockpage.