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Aug 9, 2011

USA News, Aug 09, 2011


Obama to speak at 1 p.m. on downgrade
USA Today
By David Jackson, USA TODAY President Obama said today that the US lost its AAA credit rating because analysts "doubted our political system's ability to act," and Congress must respond with a debt plan that includes taxes as well as budget cuts. ...
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USA Today
Obama aides angry at S and P
USA Today (blog)
By David Jackson, USA TODAY President Obama and his aides may have found people they dislike even more than Tea Party Republicans. The agency's decision to downgrade the US credit rating from AAA to AA-plus triggered intense criticism fromObama ...
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USA Today (blog)
US economy still paying for past debt binge
USA Today
By Scott Patterson, USA TODAY WASHINGTON — The debt fight that played out in the nation's capital this long, hot summer and the ensuing US credit downgrade by Standard & Poor's was the latest chapter of a painful story that began years ago. ...
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USA Today
S&P president: No political agenda in credit downgrade
USA Today
By H. Darr Beiser, USA TODAY Deven Sharma, president of Standard & Poor's, center, at a 2009 House committee hearing. "Our role is to call the risks objectively, with transparency, and that's what we try to do to fulfill our role and that's what our ...
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USA Today
INSIGHT-S&P in the dock: Are US government charges unfair?
Reuters
"They underestimated the risk of subprime failures and now they are overestimating the risk of a USdefault." It's true that America's ability to service its debt remains very high, as one would expect from a country rated in the double-A category ...
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Trump: If I were treasury secretary...
CNN (blog)
Obama appoints a tax evasionist as the Sec of Treasury and Democrats want to blame those who want to see a balanced budget and responsible spending? Sheer lunacy! ....and in would be deathly painful for the United States. For God's sake, where are the ...
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American economy on the brink
The Nation, Pakistan
Obama's Chief of Army Staff said: “We may have a few stressful days coming up, stressful for the markets of the world and the American people.” US House Speaker Boehner says: “No one wants todefault on the full faith and credit of the US government, ...
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Commentary from Citizens for Legitimate Government: 7/8/11
Scoop.co.nz
America's black day: Bin Laden hit team troops shot out of sky by Taliban --31 dead after rocket-propelled grenade destroys Chinook helicopter --News comes as USA loses gold-plated AAA credit rating --Deadliest single incident since Afghan war began in ...
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EURUSD: Asian markets eventually fail as Standard & Poor's cuts US rating.
«Market Leader» - news and previews making you rich.
The markets are declining on the unprecedented event: Standard & Poor's have cut theUSA's credit rating form AAA down to AA+, with a negative forecast. It means that the country will be able to get its rating back only in 10-18 years. ...
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«Market Leader» - news and previews making you rich.
AAA...Tchoooo!
Resource Investor
Memo from President Obama to the GO [Tea].P.: “Thank you very much; you have managed to bring about the same results [or worse], than an actual default would have. I should have stuck with another course of action.” Dimwit, would-be President-ess, ...
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How Not To Talk About Financial Panics: New Rules For Pundits
History News Network
What not to do or say, just for today, or until next Sunday, when the New York Times proves again that its new format leaves everyone except Maureen Dowd bewildered, unhappy, and bored, all, miraculously, at the same time? (1) Never act like you know ...
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The current crisis: brought to you politician by inaction and unaccountable ...
Left Foot Forward
Yes, and now we have the CRAs telling us the USA might default although the US dollar is the world's reserve currency and the FED can borrow cheaply and/or monetise. Innocent messenger, my foot—these guys (who are generally Wall St second raters) are ...
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Left Foot Forward
America needs a new political party
Pravda
The Vice President of the United States, Joe Biden, holds a rosary while watching the Bin Laden kill operation and would later say after the kill, "We should all go to mass tonight." The ObamaAdministration is once again talking up war with Iran. ...
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Vermont Today: Will Vt. lose fed funds? Plus Obama on market plunge; reader ...
Rutland Herald
The agency was dissatisfied with the deal lawmakers reached last week just in time to prevent a government default. Obama said most of the world's investors agree that the United Statesremains a wise place to put their money. ...
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US will always be a triple-A country: Obama | PRAVASI TODAY : NRI ...
By pravasitoday
“We knew from the outset that a prolonged debate over the debt ceiling, a debate where the threat ofdefault was used as a bargaining chip, could do enormous damage to our economy and the world's,”Obama said. ... Calling the situation a “ legitimate source of concern,” Obama said the “good news” is that “our problems are eminently solvable. And we know what we have to do to solve them. August 9th, 2011 | | | Print This Post | Email This Post Category: Top Story, USA ...
PRAVASI TODAY : NRI NEWS : NRI HELP
Obama: Republicans Knew Threatening Default Could Damage The Economy
By Jason Easley
During his remarks about the S&P debt downgrade President Obama said it was known that a, “threat of default used as a bargaining chip could do enormous damage to our economy and the world's.” Here is the video from NBC News: ... Republicans knew that using the threat of default as a negotiating tactic could do enormous damage to the US economy, yet they still did it. This is the ultimate proof that Republicans are intentionally trying to tank the economy and blame Obama. ...
PoliticusUSA
USA Patriotism! ... Article > Service Members Embody Best of ...
6 -- and their fellow U.S. service members -- embody the qualities America needs most for its future, President Barack Obama said today. “What sets us apart is that we've always not just had the capacity, but also the will to act, ... and to move forward not just for this generation, but for the next generation,” Obama said during a news conference dedicated mostly to the latest downturn in theU.S. economy and the national political stalemates that have accompanied it. 
Obama: Back in the debt talks – USA Today (blog) (Pacy) | Digital ...
By David Jackson, USA TODAY Updated President Obama and White House aides are ... Digital Crossroads News. The latest trending and breaking news ... the Deposit Sectionalization's adoption ascendency loses and faces doable default ...
news.digitalcrossroads.com/.../obama-back-in-the-debt-talks-u...

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