Comments on: Great news from Moody’s and Fitch: Hopelessly bankrupt country to retain AAA rating for a little while longer

By: BobM88

BobM88 — Fri, 05 Aug 2011 06:27:20 +0000

This has nothing to do with AAA ratings and debt ceilings…but I’ve long thought Erin Burnett is gorgeous!!

By: Poof! Market drops 515 points as Debt deal allows worried investors to buy safer U.S. Treasury Bills « Iron Mill News Service

Thu, 04 Aug 2011 20:24:33 +0000

[...] an extra $400 billion in new revenue and Boehner walked away, the grand bargain was dead. If, as Erin Burnett speculated, shares were pricing in an elevated risk of a credit downgrade, that should have [...]

By: U.S. Debt Ratings Mostly Safe, For Now « Tai-Chi Policy

U.S. Debt Ratings Mostly Safe, For Now « Tai-Chi Policy — Wed, 03 Aug 2011 15:58:31 +0000

[...] downgraded their rating of U.S. debt, but Moody’s and Fitch have said they’ll preserve AAA status…as long as they see us continue to work to bring down the deficit: in other words, spend less [...]

By: IMAO » Blog Archive » Nuke the News: Terrorists!

IMAO » Blog Archive » Nuke the News: Terrorists! — Wed, 03 Aug 2011 15:01:39 +0000

[...] So it looks like the U.S. gets to keep its AAA debt rating a while longer. Moody’s was all worried with our out of control spending and slow growth, but now that we [...]

By: jimver

jimver — Wed, 03 Aug 2011 05:47:31 +0000

Translation:

We’ve been upgraded from Second class to First Class…..on The Titanic.

portlandon on August 2, 2011 at 8:04 PM

going down in style :-)…

By: MCGIRV

MCGIRV — Wed, 03 Aug 2011 04:39:20 +0000

They decided to not downgrade Americas rating because Glenn Beck predicted they would. They will lower it soon anyway because the world knows we are headed over the cliff into bankruptcy!

By: Fighton03

Fighton03 — Wed, 03 Aug 2011 03:14:22 +0000

For something that looks like a rock, you sure do float well.

upinak on August 2, 2011 at 8:20 PM

yeah…but he smells like something else. Could be why he floats.

By: Lawdawg86

Lawdawg86 — Wed, 03 Aug 2011 02:39:38 +0000

Who gives a **** what Moody’s, Fitch, or S & P think? They were completely complicit in the mortgage meltdown of ’08. Who do you think got rich rubber stamping all of the toxic mortgage securities?

All of their bluster has been about trying to restore some shred of their lost credibility on matters of debt. Does anybody really believe that they would downgrade the country that makes them relevant in the first place? Hell, if they downgraded the US they might as downgrade their own relevance and open the door to non-Western competitors.

By: Midas

Midas — Wed, 03 Aug 2011 02:17:52 +0000

A negative outlook means the rating agency could lower the rating in the next 12 to 18 months.

Gee, right after Obama gets thrown out of office – and it’ll be the new Republican President’s fault, natch.

By: BigWyo

BigWyo — Wed, 03 Aug 2011 01:48:44 +0000

Great~!!! The checks cleared the bank.

w00T!!!

By: xblade

xblade — Wed, 03 Aug 2011 01:46:20 +0000

The GOP was so effective in using the threat of default to move Democrats towards their position on deficit reduction that this tactic is bound to be used again, by both sides.

Was that a joke, Major?

By: onlineanalyst

onlineanalyst — Wed, 03 Aug 2011 01:44:14 +0000

I had heard a radio-news soundbite of McCain opining on the economic impact of this “deal of the century” earlier today, and all I have to say is, please lock him in a closet somewhere. McCain admitted during his presidential run that economics is not his strong suit. (Of course, ObaMao the Wonderful would never admit to his even worse shortcomings there.) Why McCain doesn’t simply keep his mouth shut and/or defer to someone who knows what they are talking about is evidence that he suffers from Schumer disease. Neither understands that the camera and the microphone are not enhanced as tools of communication when they leap to the forefront.

By: slickwillie2001

slickwillie2001 — Wed, 03 Aug 2011 01:39:43 +0000

I would expect that the ratings agencies want to stay as far away as they can from appearing to have approved one plan over the other. For the sake of their business they need to appear apolitical. They have probably already made their decision and will wait a decent time before making their move.

What they say in private discussions with democratics though is another matter, and we have to be on guard for the possibility that the democratics and the thuggish little Bammie have corrupted them.

By: wirebitersmith

wirebitersmith — Wed, 03 Aug 2011 01:29:21 +0000

They will wait until a Republican or Tea party president has been in office for 3 weeks then downgrade us. Then the liberals will yell from the top of the mountain how this new president let our credit rating slip. Barry, 3 years later still blames Bush but the new guy will take all the flack from the MSM and libturds!! My oracle has spoken.;)

By: slickwillie2001

slickwillie2001 — Wed, 03 Aug 2011 01:16:57 +0000

Emperor Norton on August 2, 2011 at 8:48 PM

Links from that network are usually refused, as well as Ted Turner’s network.

By: Steve Eggleston

Steve Eggleston — Wed, 03 Aug 2011 01:14:14 +0000

Of course, it was far too late for Egan-Jones, which cut US soverign debt to AA+ a couple weeks ago.

By: r keller

r keller — Wed, 03 Aug 2011 01:14:10 +0000

I get that Democrats don’t want to see eight percent in across-the-board discretionary cuts, but they really, really, really don’t want to jeopardize their Mediscaring message before the election by dealing on entitlements.

well AP…i think you took the trump card out of Hennessy’s hand. The dims will let the trigger go into effect. no downside. 1. slash Defense 2. Reduce Medicare. They’ll be loving every minute of it…GOP kills grandma.

So the R position in the committee will be: well Mr. Durdin, what do you want? Tax increase, yes sir, how high sir?

By: blue13326

blue13326 — Wed, 03 Aug 2011 01:09:37 +0000

This the same Erin Burnette that assured us her sources at S&P would downgrade on the Boehner plan but not the Reid plan???

By: Limerick

Limerick — Wed, 03 Aug 2011 01:03:03 +0000

That was my plan all along. Borrow to pay what I already owe. Perfect crow.

By: Khun Joe

Khun Joe — Wed, 03 Aug 2011 00:54:45 +0000

Regarding the AAA rating: “The fix is in.”

By: blink

blink — Wed, 03 Aug 2011 00:53:05 +0000

This feels an awful lot like groveling. ernesto on August 2, 2011 at 8:20 PM

This feels like groveling? Feels? Do yourself a favor and think about it for a few minutes and the let us know.

By: LegendHasIt

LegendHasIt — Wed, 03 Aug 2011 00:52:35 +0000

This entire situation has become so Kafkaesque that I can’t even come up with a snark equal to the idiocy that abounds within the topic or the commentators.

By: fossten

fossten — Wed, 03 Aug 2011 00:51:49 +0000

Crisis created – check.

Big bill passed – check.

More money spent – checkity check.

By: Emperor Norton

Emperor Norton — Wed, 03 Aug 2011 00:48:37 +0000

Because the postee no workee, I refer you (manually) to the CNBC story, “Europe on Brink of “Major Financial Collapse.”

On the DRUDGE front page right now.

As we say in California, “Have a Nicee Day!”

By: rplat

rplat — Wed, 03 Aug 2011 00:44:03 +0000

Translation:

We’ve been upgraded from Second class to First Class…..on The Titanic.

portlandon on August 2, 2011 at 8:04 PM

The most definitive analysis of this fiasco I’ve seen anywhere.