Plane flew by S&P dragging a sign that said “Thanks for the downgrade. You should all be fired.”
Financial situation must not be that bad if people have money to spend on this shit.
Maybe the guy could loop by DC too.
( in before the lock!!! ;D )
The mods have decided to let this one stay for now…please think before you post!
“One financial industry professional was blunter in dismissing the downgrade. “Frankly, S&P could have delivered their opinion to me at my desk, printed on vellum, two weeks beforehand, hand delivered by a naked singing supermodel, and I would still have ignored it,” he wrote in an email.”
I’ll post EXACTLY what I put on FB a few days ago. Those that know me know I am not very political at all, but I am gonna vote out every sorry SOB I can at the next election if I don’t see some results out of my representatives!
[quote]Open letter to ALL my elected officials, local and national - be forewarned if you don’t show me something positive out of your office before the next election, I am voting for your opponent. PS - if you choose pass blame and to not acknowledge your own responsibility, I may just vote for your opponent anyway! Enough already!!! (note - after the recent fiasco I believe the average person off the street can do a better job and work together better than our elected officials - ALL OF THEM!)
[/quote]
I think we should be thankful for the +. I’m surprised it’s no lower. Instead of complainiing, we should consider it a wake up call.
Well, I bet he wouldn’t have been paying much attention to what was actually delivered. 
Only those that haven’t studied Adam Smith are shocked and surprized by all of this.
For those of us that have, we raise a pint and smirk. The old man is right every time.
Don’t know how to fix it or prevent it, just not surprized.
The invisable hand wins again.
Ok, you got me there.
I would probably ignore any thing in the hands of a naked, singing, supermodel.
Okay, I can think of one thing that would get my attention. ;D :o
What if it was a beer?
A beer wasn’t what I had in mind, this time. :
A good beer hand delivered by a naked, singing supermodel? Did I just die and go to heaven?
Well, she would have two hands…
Of course they should be fired, they have no idea what they’re talking about. They downgraded the US’s ability to pay debt, but when the market tanked what did everyone buy? US bonds. If it was really less safe, why did investors flee there? And remember, these are the same jackasses who rated the mortgage securities AAA+ up until they failed and everything crashed. That is the same rating that the US debt used to be.
Why would anyone believe anything these idiots say? Their track record sucks. It seems to me like they are just trying to manipulate the markets to get what they want.
I’m not one of these Glen Beck gold nuts, nor am I an economist, but I am pretty happy with my recent decision to invest in (physical. currency) gold. The current situation, with everything being built on debt, cannot stand. Not advocating a return to the gold standard, but right now gold as a savings vehicle seems to be a good thing.
This is going to get worse before it gets better, and at this point, politics (at least conservative vs liberal) have nothing to do with it, it’s beyond that now.
The unfortunate truth to all of this is that we (the western world) have gotten too used to being able to have anything we want with little actually cost. This goes from the guy next door buying on credit the huge TV he doesn’t actually need, to the guy a few blocks from him who wanted a mansion on a $40,000 a year paycheck, to the government wanting a war it can’t pay for (note please that I am not arguing whether the current war is just or not, I’m just saying we can’t afford it). It can’t continue.
Reminds me of the old gospel song, “My hope is built on nothing less” http://www.youtube.com/watch?v=ekUGXnRcR-M “All other ground is sinking sand.”
The debt is such a huge number it is difficult to understand something that large. But the debt as a percentage of GDP is way less now than it was during/following WWII. You can’t fix the debt without fixing the economy.
It’s one giant ponzi scheme. And the scheme is unraveling before our eyes.
Anyway, guys I know this is a BFI thread but politics are like cancer to a beer forum. Unless it’s beer politics. Tread wisely
I hear you Euge - it’s hard to talk about this in a way that avoids politics - although perhaps that means it just shouldn’t be discussed on this forum… The problem is that I don’t really have any other Americans to talk to about this with, other than you guys. Believe it or not, this forum is pretty much my only contact with the US outside of talking to my dad or brother occasionally, so forgive me if I sometimes toe the line a bit.
But hey, it looks good on you, yah?