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#1721 roninmedia

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Posted 05 August 2011 - 10:39 AM

QUOTE (Insurrection @ Aug 5 2011, 03:01 AM) <{POST_SNAPBACK}>
Westburo plans to go to Norway

http://www.theatlant...t-church/40842/

Me thinks that will be hard due to government gridlock and the bureacracy mess that is acquiring a Passport!

And if they do go, Norwegian law different from American, you'd get 3 year prison sentence for what they're allowed to do here.


Norway prisons are pretty nice though. cool.gif

#1722 Codus N

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Posted 05 August 2011 - 05:16 PM

http://news.yahoo.co...-210648303.html

Nice to see a Republican NOT being paranoid a_thumbs.gif

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#1723 Insurrection

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Posted 05 August 2011 - 09:06 PM

And when Washington thought that it was over.

http://blogs.abcnews...-downgrade.html

Edited by Insurrection, 05 August 2011 - 10:00 PM.


#1724 Strangelove

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Posted 05 August 2011 - 10:37 PM

QUOTE (Insurrection @ Aug 5 2011, 09:06 PM) <{POST_SNAPBACK}>
And when Washington thought that it was over.

http://blogs.abcnews...-downgrade.html


Why am i not surprised? A Chinese company downgraded the A+ to A. And now this super committee...that sounds crazy unconstitutional.

QUOTE
Well Americans are a forgiving bunch, i see Congress more as a bunch of Monkeys, high fiving each other in celebration, having forgotten that just moments ago they were throwing they're own Feces. Now they can't figure out why they are all covered in each others turds.
-Jason Jones

Edited by Strangelove, 05 August 2011 - 10:51 PM.

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#1725 Insurrection

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Posted 06 August 2011 - 02:02 AM

DOWNGRADED

Saw that coming, but Admin. says S&P has really bad math. How bad?

Treasury says they were off by $2 Trillion dollars

Maybe you shouldn't have caved when they said a deal like this wouldn't work.

Now we may now be AA+ but the US has never been downgraded. EVER. Glad it's the weekend because Monday is going to suck. But I'm willing to take the risk that congressional disapproval will go from 82% to 82%+

Edited by Insurrection, 06 August 2011 - 02:20 AM.


#1726 Strangelove

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Posted 06 August 2011 - 02:07 AM

QUOTE (Insurrection @ Aug 6 2011, 02:02 AM) <{POST_SNAPBACK}>
DOWNGRADED

Saw that coming, but Admin. says S&P has really bad math. Maybe you shouldn't have caved when they said a deal like this wouldn't work.


wow...hello one term President Obama. Forget Bin Laden, this is the final nail in the coffin. Remember back then when Clinton had a standoff with the Republicans...and he used this to show his strength over Gingrich GOP...this is the same exact thing, except that this time the Tea Party GOP used it to show how weak the president was. I was going to pull a vote for Obama if some nut like Romney and Sarah Palin 2.0 win the nomination...but now i am not even going to show up that November.

Edited by Strangelove, 06 August 2011 - 02:21 AM.

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#1727 Insurrection

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Posted 06 August 2011 - 02:26 AM

QUOTE (S&P's reason for downgrade)
We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process. We also believe that the fiscal consolidation plan that Congress and the Administration agreed to this week falls short of the amount that we believe is necessary to stabilize the general government debt burden by the middle of the decade.

Our lowering of the rating was prompted by our view on the rising public debt burden and our perception of greater policymaking uncertainty, consistent with our criteria. Nevertheless, we view the U.S. federal government's other economic, external, and monetary credit attributes, which form the basis for the sovereign rating, as broadly unchanged.


I really hate being right, but this does seem too symbolic and too political from S&P.

S&P: We downgraded you because your government sucks! And might destroy us all!

Also they're saying that they may downgrade us AGAIN in 12-18 months.

But we have to remember that S&P thought that the Mortgage securities were a great investment along with Bear Stearns and Lehman.

Come Monday, Washington has hell to pay for what will happen, the market was too paranoid as is.

Edited by Insurrection, 06 August 2011 - 06:57 AM.


#1728 Strangelove

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Posted 06 August 2011 - 03:05 AM

QUOTE (Insurrection @ Aug 6 2011, 02:26 AM) <{POST_SNAPBACK}>
I really hate being right, but this does seem too symbolic from S&P.

S&P: We downgraded you because your government sucks! And might destroy us all!

Also they're saying that they may downgrade us AGAIN in 12-18 months.



They're stocks plunged down as well as the DOW. I love this chaos.

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#1729 Nick Soapdish

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Posted 08 August 2011 - 06:20 PM

QUOTE (Insurrection @ Aug 5 2011, 10:26 PM) <{POST_SNAPBACK}>
I really hate being right, but this does seem too symbolic and too political from S&P.

S&P: We downgraded you because your government sucks! And might destroy us all!

Also they're saying that they may downgrade us AGAIN in 12-18 months.

But we have to remember that S&P thought that the Mortgage securities were a great investment along with Bear Stearns and Lehman.

Come Monday, Washington has hell to pay for what will happen, the market was too paranoid as is.


I was pretty worried about a downgrade and now that it happened, I'm not feeling too bad. Part of it is the difference between getting hit with a SD rating (which was looking pretty likely for a short while) or "merely" getting bumped down to a AA+. And part of it is that I haven't had much faith in any of the credit rating services since 2008 so I'm fine with just saying "screw 'em". Nate Silver touches on several reasons why they shouldn't be taken that seriously and like you say, this seems to be an attempt to play politics.

Just to clarify, I don't necessarily disagree that the US isn't an AAA credit risk. To me, AAA means absolutely risk-proof and I'd hedge a bit on that. I just disagree on their apparent methodology, their ranks of just about everybody else, their past reputation and just about everything else from S&P.

#1730 Insurrection

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Posted 09 August 2011 - 02:09 AM

DOW DOWN 634 POINTS, BELOW 11000 FOR FIRST TIME SINCE LAST OCTOBER

Nasdaq and S&P lose 6.5%.

GLOBAL MARKETS IN FREEFALL

Asian Markets Nosedive

Nikkei down 4.8%

ASX down 5%

Seoul Stock exchange shut down after 7% drop

Hong Kong down 6.3% at Open


In a twist of Irony US treasury bonds soar

If Europe Tanks because of their debt crisies we're doomed.

Edited by Insurrection, 09 August 2011 - 02:24 AM.


#1731 Strangelove

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Posted 09 August 2011 - 03:11 AM

http://www.reuters.c...E7J90NJ20110809

Gold reaches new height.

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#1732 catsi563

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Posted 10 August 2011 - 06:22 PM

And in the did you know about S&Ps downgrade category

Standard and Poor's is owned by McGraw-Hill. Harold McGraw III, the current CEO, worked for H.W. Bush, Dole, W. Bush, Cheney, Giuliani and is currently working for Romney 2012. So the person who has downgraded the nation's credit, "works for Mitt Romney." And Romney released a prepared statement only minutes following news of the downgrade.

I'm sure it's just a coincidence
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#1733 Insurrection

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Posted 10 August 2011 - 10:02 PM

Stocks Plunge, gains from yesterday wiped out

European Debt Fears grow worse as crisis is seen spreading to France.

Fears of French Downgrade.

S&P and Moody's reaffirm French AAA rating

Europe's problems are structural.

America's are political.

Edited by Insurrection, 10 August 2011 - 10:11 PM.


#1734 Codus N

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Posted 12 August 2011 - 10:22 AM

Mark Cuban saw this a long time coming.

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#1735 Strangelove

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Posted 12 August 2011 - 09:34 PM

You know what...business for me is now better, i don't care about the Dow or the Nasdaq, or the S&P considering that i own no stocks in those companies. So if they collapse, i don't care, if they double i don't care.

And now for the GOP presidential debate.

If the elections were online, and it was held today, this is how the map would look like.

http://www.topix.com...op-debate-aug11

In the end this was a more interesting debate than the CNN one, i don't consider anything that Cartoon News Network does or says seriously. They're polls are equal to whether you prefer Scooby Doo or Fred Flintstone to serve under the Supreme Court.

Edited by Strangelove, 12 August 2011 - 11:21 PM.

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#1736 catsi563

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Posted 13 August 2011 - 03:14 AM

I find it appropriate that you used cartoon in your post because listening to these people go at it was like watching a looney tunes cartoon while on lsd. the amount of raw pyscho talk combined with factual inaccuracies spouted was pure comedic gold.

that was some of the most outright ludicrous speech, hate talk, and fear mongering Ive heard in years. Hell the entire debate was an exercise in how ridiculous and insane one could get and not be carted off to an asylum.
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#1737 Strangelove

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Posted 13 August 2011 - 12:50 PM

QUOTE (catsi563 @ Aug 13 2011, 03:14 AM) <{POST_SNAPBACK}>
I find it appropriate that you used cartoon in your post because listening to these people go at it was like watching a looney tunes cartoon while on lsd. the amount of raw pyscho talk combined with factual inaccuracies spouted was pure comedic gold.

that was some of the most outright ludicrous speech, hate talk, and fear mongering Ive heard in years. Hell the entire debate was an exercise in how ridiculous and insane one could get and not be carted off to an asylum.


Santorum talked as to how Iran threats the gays badly, but at the same time he compared gays to polygamist. That i think, destroyed his campaign, since in one of his lectures someone yelled bs.

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#1738 Codus N

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Posted 13 August 2011 - 01:13 PM

Y'know, if I had to vote for a Republican, I'd pick Chris Christie. Take a look at my post a few posts back on this page. It's nice to know there's at least one Republican who's not jumping on the fear-mongering bandwagon. The article I posted about him won me over. Too bad he's taking a non-mainstream position in the GOP which would ultimately cost him the seat.

But as for economic stances, I dunno.

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#1739 Insurrection

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Posted 14 August 2011 - 07:53 AM

QUOTE (Strangelove @ Aug 13 2011, 07:50 AM) <{POST_SNAPBACK}>
Santorum talked as to how Iran threats the gays badly, but at the same time he compared gays to polygamist. That i think, destroyed his campaign, since in one of his lectures someone yelled bs.


Forgive me, but I'm about to go on a post debate rant.

He got mad at Paul for saying "so what if Iran gets a nuke, how's it our problem?" Santorum hates Iran sooo much that he would save the gays to destroy them. The only moment from him that seemed realistic was his argument over the fundamentals of the 10th amendment arguement. Though that argument was over the individual mandate when it began. And the fact he complained where he was and how he recieved less time is well to be argued. But he's equivalent to Thad Mccotter at this point, who wasn't invited.

But the debate was mostly BS. I hate the modern debate setting, especially this FOX one that was a game show. The bell was annoying, and so was Bret Baier's Lightning Round: Take a Swipe at Perry for Extra credit.

Newt Gingrich has caused a Fox News Schism between the pundits and Chris Wallace who was trying to do his job for asking questions that Ginrich pulled a Palin, "Stop these Gotcha Questions!"

This all started when Wallace pointed out when Newt said we should intervene in Libya with a no-fly zone then two days later when we had a no-fly zone, changed his opinion. How dare Chris Wallace have the gaul to ask him what his opinion on Libya is currently. Such a gotcha question!

Romney didn't self-destruct or win, therefore he did not lose. Rick Perry's candacy right now is the largest threat.

Pawlenty Campaign 2010-2011, though he pulled a Chris Dodd 2008 and gave his opponents a battle plan against Bachman. But he is proven to be such a wimp for failing to attack and stand up for his comments in debate setting he did the standard operating procedure, if all is failing, blame Barack Obama. He didn't make any move to show how effective he could've been.

Huntsman has the same problem with effectiveness but cast this aura as if "what the hell am I doing up here with these people?" He obviously has the ability and he used his credentials on China.

How can I miss Michelle Bachman. Starts off by saying we should've defaulted instead of pass the bill (Which I hated) gets applause, then goes on to say one of her best achievements in politics was the Lightbulb Freedom of Choice Act. She was clearly show her tea party chops but what brought her back was when the moderator asked if she was "submissive" to her husband. You don't ask the question like that, in fact it's probably best you don't asked that at all in that context. That rallied Bachman support and she got out of the debate alive. She has the ability to win Iowa, but New Hampshire will think differently politically then Iowa and with Perry in the fun will be short.

Ron Paul is Ron Paul he has his very supportive base, his message is well recieved in Primary circles.

I don't even know why Herman Cain is even there, he said in the debate Americans need to learn to take a joke (which no, it's the press) but then why is he even there?

Then there was the Mormon thing. Look it up you'll know.

The Point is that it's 2011 in August not earily 2012. We're in the stage which we haven't weeded out the serious candidates and the whacks.

People pay more attention to Preseason football then the Ames Strawpoll. Which a vote costs thirty dollars you basically have to woo people with parties and tents and whoever wins doesn't really account for much after 2007. Bachman won, but Ron Paul came in second by 150 votes.

Romney was smart after 2008 when he spent valuable resources only to lose the state to Mike Huckabee in the caucas. That's the other thing, Iowa's a caucas state, they have no primaries!

And the changes the Republicans made in the Primary system is designed to be a prolonged fight from state to state. Iowa, New Hampshire and South Carolina no longer hold the value they used to since the complete Winner Take All System is no longer in place. Republicans do not vote Democrats, massive pandering is still there but the type is different. While we watched in 2008 how Barack and Hilary duke it out in an ugly battle that the GOP hoped they would destroy each other Republicans do not have the same luxury. In 08 it was a pander towards the center in 12 they're trying to pander to the right. 2008 was a wave election that whoever was in power after 8 years of a Republican it wasn't going to work because the R was next to their name. In 2012 the Republicans won't have that because they are still more unpopular then Obama slightly. If we have an economic miracle (highly unlikely) then I doubt it.

The election if Obama can dodge the seething rage about the current state, is about partisianship and the economy. But Obama can be rebuffed if the situation continus to decay in Congress and bleeds into the Economy even more, if positioned correctly then he'll be fine, but reports of a massive Anti-Romney Campaign won't give him the same edge he had in 2008. Plus we've never seen a prolonged Primary campaign on the Republican side be interpretted by the 24 newspunditblogopinion cycle of the 21st century. However the way it's shaping up Bloomberg and Trump might be in this thing by next February, Obama might have Far Left Progressives openly revolt and then the circus really begins.

But Both Parties are set up to fail for another reason. How many of us think the Supercommittee in Thanksgiving will get a deal done instead of causing immediate cuts in entitlements and military spending? Which would tick of Defense department, contractors, the Poor and Old People. Not a fantastic combination.


*sigh* Massively Flawed Rant over.

Edited by Insurrection, 14 August 2011 - 07:38 PM.


#1740 ciardha

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Posted 14 August 2011 - 08:16 AM

Good informative links

http://www.nakedcapi...nstability.html

http://www.ianwelsh....-will-play-out/

http://www.correntew..._to_london#more
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