BF2S Forums S&P Lowers USA Credit Rating to AA+

ghettoperson wrote:

I'm not reading 8 pages of something that can be concisely summed up in a news article. And yes I read Kmarions post. They made an error, but decided to stick with their conclusion anyway. How does that make it politically motivated? It seems pretty clear that given recent events where you came so close to a default, people are quite naturally going to be more hesitant to loan you money. Hence, a ratings downgrade.

So, you haven't read their analysis, which lays out their rationale for the downgrade?

Funny. I did. Then I posted an opinion about it. And then you posted a response to my opinion. Maybe you should read the subject matter on which you are responding before you do so. Or at least read my post, because in it, I clearly stated why the analysis was political in nature, ignoring key realities, and pointed those out.

Kmar's post reinforced the political nature of the call, as it showed that S&P was going to downgrade, regardless. There was data to support them not doing so, or at least delaying their call until they could verify their analysis. Other AAA nations have 4-5x their GDP in debt. We're just now approaching 100%, and we still have the biggest economy in the world. Yes, it's a political move...and probably a move designed to make some money for S&P investors, as well.

Macbeth wrote:

Jay wrote:

FEOS wrote:

Tea party doesn't play the media game as well. That's why it's their fault. Duh.

Apparently not since all the Euros appear to be on the same message.

I'm not a Euro and I think the Tea party sucks cock. You can't blame the media for making the tea party out to be a collection of retards. They did and still do it to themselves.

The point being that the tea partiers didn't play the media game. Reid and Obama spent as much or more time in front of the cameras than they did at the negotiating table.

FEOS wrote:

Macbeth wrote:

Jay wrote:

Apparently not since all the Euros appear to be on the same message.

I'm not a Euro and I think the Tea party sucks cock. You can't blame the media for making the tea party out to be a collection of retards. They did and still do it to themselves.

The point being that the tea partiers didn't play the media game. Reid and Obama spent as much or more time in front of the cameras than they did at the negotiating table.

I mean that they suck period. I'm not referring to just this incident or how they handle their PR. Their movement is shit. Completely.

It had nothing to do with PR and everything to do with the fact they are lead and stocked full of morons.

Macbeth wrote:

Every Tea party member I met is either a  "Christian conservative" or a misinformed geriatric. Sometimes both. I have no faith in that movement and would like it if they went away.

You're an idiot. Kindly go away.

Jay wrote:

Macbeth wrote:

Every Tea party member I met is either a  "Christian conservative" or a misinformed geriatric. Sometimes both. I have no faith in that movement and would like it if they went away.

You're an idiot. Kindly go away.

So we're not friends again?

Macbeth wrote:

I liked it back two months ago when we were friends and you would send me karma highfives and jokes in PM's.

Thats before you expressed a differing opinion.

Also:

Probably the only thing to be said with any confidence is that the downgrade could hardly have come at a worse time, in that conditions in global markets are febrile.

With the integrity of the eurozone, one of the three great economic areas, in some doubt, it is seriously discombobulating for banks, sovereign wealth funds, pension funds, insurers and central banks that the safe harbour of US Treasury Bonds, US government debt, no longer looks quite the comforting refuge in a storm that it once was.

http://www.bbc.co.uk/news/business-14430643

You used to defend me from GS and now this?

My post haven't changed at all...

Do you remember that time we were playing risk with warman and the others on TS and how much fun we were having or all of those arguments with Uzique and GS where you would send me karma and praise afterward?

Can we go back to that? I liked that. I really did. Now you just call me a sociopath and are mean to me.

Last edited by Macbeth (2011-08-06 06:36:33)

John is going to send you karma for that jord...LIKE HE USED TO SEND ME WHEN I FLAMED SOMEONE HE DID NOT LIKE

Blaming this on the tea party is stupid at best.  This was a long time coming.  However count on the media blaming them instead of leadership.  Obamanomics fails, this is just more proof.

Dilbert_X wrote:

Jay wrote:

How is it the tea party's fault? They wanted cuts that would've staved off the downgrade. They want a balanced budget amendment. I don't get how you could blame them at all.

They were prepared to risk default instead of getting the deal they wanted weren't they?
Now they have a credit downgrade, what an achievement.

Default was never going to happen. Maybe they were smart enough to see through the scare tactics...smarter than the journalists who bought into it and fed the beast?

Macbeth wrote:

FEOS wrote:

Macbeth wrote:

I'm not a Euro and I think the Tea party sucks cock. You can't blame the media for making the tea party out to be a collection of retards. They did and still do it to themselves.

The point being that the tea partiers didn't play the media game. Reid and Obama spent as much or more time in front of the cameras than they did at the negotiating table.

I mean that they suck period. I'm not referring to just this incident or how they handle their PR. Their movement is shit. Completely.

It had nothing to do with PR and everything to do with the fact they are lead and stocked full of morons.

Quit reading Huffington Post/MSNBC and just work through some of this for yourself. Some of them are certainly political neophytes, no doubt. But doing what your constituents elected (and continue to tell) you to do is hardly moronic. It's called serving the people as an elected representative.

FEOS wrote:

ghettoperson wrote:

FEOS wrote:

So, you haven't read their analysis, which lays out their rationale for the downgrade?

Funny. I did. Then I posted an opinion about it. And then you posted a response to my opinion. Maybe you should read the subject matter on which you are responding before you do so. Or at least read my post, because in it, I clearly stated why the analysis was political in nature, ignoring key realities, and pointed those out.

Kmar's post reinforced the political nature of the call, as it showed that S&P was going to downgrade, regardless. There was data to support them not doing so, or at least delaying their call until they could verify their analysis. Other AAA nations have 4-5x their GDP in debt. We're just now approaching 100%, and we still have the biggest economy in the world. Yes, it's a political move...and probably a move designed to make some money for S&P investors, as well.

Is there any particular reason you have to sound like an asshole in every post? Debate is quite possible without it, you know.

I said I'd read news articles on it, since I didn't want to trawl through the document.

From what the head of S&P has said, it seems quite clear that the near-default played a big part in their decision. That's a bigger risk to lenders. Other countries can run up more debt because they don't have political parties holding the country hostage in an attempt to get their own way. Were the US less partisan I'm quite sure GDP:Debt would be less of an issue.

Sorry if I wounded your inner child. I'll try to be more sensitive to your feelings the next time I point out how you were intellectually irresponsible. That better?

Toughen up, Nancy.

If you bother to actually read the S&P report then analyze what they said in light of the facts of what transpired--as opposed to others' views of what transpired--you would see that S&P criticized "the republicans" for being the only group to offer up a plan that met their criteria to avoid a downgrade. That plan was DOA with the opposing party. How was the S&P decision to downgrade the compromise solution and then blame the downgrade on the one group that offered a solution that met their criteria NOT political in that light?

Oh fuck off, I'm not saying it because you're hurting my feelings, I'm saying it because it makes me think you're a huge cunt. Which I'm quite sure you are, but I'd rather pretend that you weren't, since it ruins the debate somewhat if your cuntiness is distracting me.

I'll get around to reading the report eventually, but for the moment reading BBC analysis and the comments made in the media by the head of S&P is much easier.

However, the report criticises both parties, "The political brinkmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed." S&P obviously wanted cuts, but they also wanted tax increases, something the Republicans refuse to do.

I don't understand why everything has to be political with you, what do S&P have to gain from blaming the pro-business Republicans?

Anyway from what I'm reading S&P says their rating is based on the sustainability of the debt and its mid term growth, not the amount of debt.