American dollar stumbles

[sumdumguy]

S&P dowgraded American debt today.Think
interest rates will have to rise?

[Fransisco]

Okay kids, everyone say thank-you to Mr Obama.

[BTOfarmallll]

Theys will not be Downgraded fer long. Comedia & Japan have both been Downgraded before in Thee Past. This Market is Oversold, Buy, Buy, Buy!!!!!!!!!!!!

[jensend]

so much for american exceptionalism.

[riders2010]

Actually thank the bush and cheney right wing nuts for owning oil and military supplies companies that the army, navy,and airforce use and buy from them, spending on wars that their own policy started. Wow talk about a setup!

Then say that you cannot tax the rich tax the poor, but don't even tax them that much, and then expect that you can keep infrastructure going to operate a country of what 450 to 500 million. Yeah pretty smooth. Then wonder why debt is out of control.

And take a good look where we are headed!!!

[Fransisco]

Bush was a spender, no doubt, but he was a scrooge compared to Obama.

[Fransisco]

[Fransisco]

http://startthinkingright.wordpress.com/2011/07/28/who-spent-more-average-bush-vs-average-obama-spending-per-day-proves-obama-most-reckless-and-irresponsible-ever/

How much in deficit spending did Bush spend on average per day during his presidency? It’s pretty easy to figure out: $607 billion/365 days = $1.66 billion per day. That’s a lot of spending.

But compared to Obama’s $5 BILLION of deficit spending per day? <b>Obama spent well over three times more per day every single day than did Bush.</b>

If you want to argue that Bush looks bad, fine. Bush looks bad. But Obama looks positively vile.

[jensend]

there isn't a credible republican that would have done any differently because bush got them into the wars and started the stimulus spending. i'm hoping bachmann or palin or some other teaparty candidate wins in '12 and gets this crash over with because that's the only difference between them and the democrats - one's the slow route through hell and the other is the express. the last forty years of increased standard of living and military spending has been done on credit and was as phony as disneyland. now reality is knocking on the american door.

[BTOfarmallll]

Palin is a Neocon & Bachmann used to work fer the IRS before getting into Politics. Both are not anyhere near a True TaxedEnoughAlready Party Candidate. Dr. Ron Paul is our only Chance in Hell of Turning this Ship around. We're all F******* unless he wins in 2012.............

[jensend]

this week american politicians proved they are incapable of governing and financially retarded. ron paul is thirty years too late. should have had him instead of reagan's voodoo economics.

[riders2010]

You can do all the pretty graphs you like, but in reality many of the policies of the previous governments affect the next governments situation more than their own. Effect takes time, the reality of the wars cost nevermind the terrible cost in lives, but in money terms takes time to reveal itself. It's kinda scarey because the f'n terrorists plan is not to blow up the entire U S it is to break them and us financially. So who is really winning that war? They want to kill themselves to kill our troops, so big deal we bomb them, they don't care anyway.

I'd ban them f'rs from coming over here at all, until they sorted it out themselves.

But you are right Fran the democrats are not much better. They are all like alcoholics, the only way they will cure themselves to admit what they are doing wrong, they never will.

[Fransisco]

&quot;You can do all the pretty graphs you like, but in reality many of the policies of the previous governments affect the next governments situation more than their own.&quot;

You know who else inherited a government from Bush?

[URL="http://en.wikipedia.org/wiki/Rick_Perry"]Rick Perry[/URL]

[Fransisco]

Oh and guess what else Obama inherited from Bush? A triple A credit rating. (Just sayin)

[cottonpicken]

Im in babylon right now in a small corner named
mandalay.

Amazing how oblivious people are to a currency
crisis.

I explain our currency is now worth more,and
they call me a liar.

A mile wide and an inch deep.