United States Heading towards a Depression?

As do lots of others

 

This is awesome. Here we are in August of 2011, years after the mortgage crisis and the landmark 'Frank/Dodd" legislation that supposedly fixed the problems that caused the crisis. Now, after all this time, the justice department has finally gotten around to investigating whether or not the ratings agency S&P improperly rated dozens of mortgage backed securities. Any appearance of retaliation by the Whitehouse for the downgrade I'm sure is purely coincidental.

Let this be a lesson to you other ratings agencies. This administration wants to see nothing but sunshine, or you too could be investigated.

P.S. : Illegal aliens welcome so long as your relatives vote Democrat.

 

One thing is certain, if S&P is found culpable they will have plenty to say about the other two.

Considering the downgrade of U S credit occurred after the investigation had begun it is not out of the question that S&P may not have been retaliating against the Administration.

 

Notice the glaring absence of a start date in this investigation. The story states only that the investigation began conveniently prior to the downgrade, at some time. S&P says they have been receiving requests for information from the federal government since the whole mess went down, which they complied with, but still no mention of an investigation. Perhaps they didn't know they were being investigated.

The NY Times broke the story today because it is news... today... to everyone.... today.

I'm personally thrilled to see them investigated. I just think its pathetic it took a downgrade to get them classified as enemies of the state, worthy of an investigation.

 

I thought you said you were into news. IT IS LAST WEEK'S news. NYT obviously WELL behind the eight-ball.

[video=youtube;fM2dxvS8xQ8]http://www.youtube.com/watch?v=fM2dxvS8xQ8[/video]

 

I'd fire the proof reader/editor of Economics news paper article, also the video editor of therealnews.com
Why?



Well it's just $1,998 billion dollar difference!!

 

So funny. They didn't even get the grammar right in their "evidence". They should have quoted the real source of s&p's so called math error: Tim Geitner/the US Treasury. Now what motivation would the folks being downgraded have for saying the math is wrong? Certainly they are an impartial third party observer to the situation.

Using Geitner as an impartial source for why the downgrade is bogus, was followed shortly thereafter by blaming the tea party for the reason the downgrade was legitimate. Which was it, legitimate, or bogus? Then it was a pre-emptive strike against investigation? The only excuse they left out was that they downgraded because the cat ate their homework. If it was a pre-emptive strike against investigation, either they need to all lose their jobs for stupidity, since investigation was what the downgrade got them, or Moody's and Fitch's need to be fired for the same reason, since they too put obscenely good ratings on mortgage backed securities.

@Bushranger: Let me guess, you know this is "The Real News", because their name says so? I hope you donated, as you were requested to do in the opening shot. I also thought you were going to provide some proof that the DOJ was truly investigating S&P prior to the downgrade. I'll hold my breath.

 

Look at what happened in Italy, land of government corruption. Everyone knows that Italy's debt is junk bond status, but many ratings agencies had been paid off to keep Italy's debt looking good. S&P downgraded Italy's debt to where it belongs - SO - the Italian government raided all of the S&P offices in Italy, seized office documents, and threw S&P employees in jail.

I guess Obama now wants to be Italian!

Breeze Wood is DP's village idiot. He's really a sad, sad liar.

 

There is no issue involving the U S Gov't ability in paying its Debt Obligation. S&P made a political judgement that is not related to facts for issuing a downgrade and further eroded their credibility.

Further evidence the Recovery is still on track. The Administrations September stimulus package will improve the prospects for further strengthening and job acceleration.

 

That funny since Breeze has already admitted that he ignores facts.

Ah. 9% unemployment is evidence that the recovery is on track?

Even though we don't know what this imaginary September stimulus package is.
Breeze never fails to find more ways to humiliate himself.

 

More evidence of the recovery still on track:

Dow: -441

http://www.marketwatch.com/

 

There is the Tea Party House to contend with.

 

I've been watching Dylan Ratigan on MSNBC who has been decrying how money influences politics and Obama's failure to lead. He is predicting that in September, Obama will introduce a completely partisan piece of crap legislation that will have absolutely no chance of passing with Republicans and independents. So, when it doesn't pass, Obama can say "See, it's not my fault!"

 

David Gergen(CNN) made the same prediction last night. Frankly I don't think there is anyone in his base, or outside of it that doesn't actually expect that to happen. The difference between with his base is, they think its a good idea. They think maybe it can boost his numbers.

 

I too read a lot of news and that mob seems to put out some very reasonable stories. I have donated, yes, because I understand it takes money to come up with the goods. I wouldn't expect you to enjoy them as they likely stand for everything you're against, especially the caring for others bit. They, haven't lost their credibility (yet), they come up with stuff the others don't, and they often make a lot of sense with their arguments. For that I hope they continue and I'll probably donate again next time one of their brilliant stories affects me to do so.

 

Funny, I was always under the impression that "Real News" had something to do with presenting unvarnished and unbiased information to the consumers of their product, not standing for something like "caring for others", "murdering others", or "white fluffy bunnies".

Maybe they should have chosen a more accurate mantra like, "The Real Opinion", or "The Real Editorial", or better still, "The Real Propaganda". Either way, you got one thing right. I definitely am against what they stand for, though I wouldn't agree it is caring for others.

 

I have no idea if that is truly their creed. I said it is LIKELY, given their stance on most issues as I know caring for others isn't YOUR first priority. No point calling them names or going off at them when it was you I was referring to there.

 

Personal responsibility is a philosophy that would help most who adopt it. When you look at it that way, helping others is most definitely my first priority.


The lord helps those who help themselves.

 

Corwin: So, when it doesn't pass, Obama can say "See, it's not my fault!"


"it is not my fault", will no longer work for Obama on either side of the pol. spectrum.

There is time left however to make a Stand and if willing to support his fellow Democrats than reacting to Republican rhetoric Obama can still win reelection.....September needs a new Obama more than a new plan.

 

Not at someone elses expense he doesn't.

Sounds like a good theory, which may work if you could sit back and allow that to happen. But instead, you actively pursue an attack on "those who help themselves" (ALL "illegals" for 1), and do your best to stop them doing just that.

One thing you certainly cannot "honestly" claim is that your first responsibility is "caring for others" because that's the last thing your angle does.