WakeWorld

WakeWorld (http://www.wakeworld.com/forum/index.php)
-   Non-Wakeboarding Discussion (http://www.wakeworld.com/forum/forumdisplay.php?f=4387)
-   -   Credit Rating Now AA+ (http://www.wakeworld.com/forum/showthread.php?t=789385)

wakeskatethis 08-05-2011 7:05 PM

Credit Rating Now AA+
 
LOL. When will the sheeple wake up???

xistential 08-06-2011 12:52 AM

http://www.dailymail.co.uk/news/arti...ministers.html

Talk about the roof falling in. The Western world must have some of the most incompetent leaders in their history. All the banks in the UK who played fast and loose with everybody's money, and then got bailed out and forgiven by the government, are still refusing to lend money to home buyers and small businesses thereby stalling growth in the economy. I am in the construction industry and a lot of the really big residential developers sites are made up of housing association (government / welfare homes - therefore guaranteed money).

Who in their right mind is going to spec build homes when nobody can get a mortgage?? AND YET, banks continue to pay staggering bonuses to their top management with the weak excuse that if they don't, said managers will go elsewhere. Not if nobody pays these eye watering bonuses they won't.

Chickens are coming home to roost.

PIIGS - Portugal, Ireland, Italy, Greece, Spain. All virtually Bankrupt. They reckon if Italy goes the situation in Europe will be virtually irretreviable. People, those still working anyway, seem blissfully unaware.

ifishok 08-06-2011 7:02 AM

If I was crazy I would think this is an effort to put in place a global economy and a world government, do away with the bill of rights and take away private property.:eek:

brettw 08-06-2011 9:59 AM

^ Nope, just Americans and their government spending beyond their means is all.

ralph 08-06-2011 7:43 PM

Exhibit A:
http://usdebt.kleptocracy.us/

xistential 08-07-2011 1:22 AM

Age old sayings ignored by every Western Government on the planet

You cannot spend your way out of debt.

You cannot spend more than you earn

You do not strengthen the weak by weakening the strong.

If somebody is getting something they are not working for, somebody else is working and paying for it.

You cannot multiply wealth by dividing it.

We live in a culture of entitlement. People think they are owed something and most (not all) welfare scroungers are so stupid they think their money comes from the government. The government cannot give what it doesn't have.The hard working tax payer pays for the workshy and the shiftless.

The Labour government (socialist) in the UK during their last devastating boom and bust occupation, openly stated that they would tax the middle classes "until the pips sqeak". All of course to pay for a multitude of Labour voting, lazy,unnecessary, state employed incompetents with bullet proof pension schemes and an army of scrounging, life long welfare recipients,all of course,funded by the unappreciated, hard working private sector.

Well, the bill has come due and there is no money to pay it. This coming misery is all self inflicted and once again the tax payer is somehow expected to foot the bill. Not this time, there's no money left.

guido 08-08-2011 1:48 PM

"You cannot spend your way out of debt.

You cannot spend more than you earn

You do not strengthen the weak by weakening the strong.

If somebody is getting something they are not working for, somebody else is working and paying for it.

You cannot multiply wealth by dividing it.

We live in a culture of entitlement. People think they are owed something and most (not all) welfare scroungers are so stupid they think their money comes from the government. The government cannot give what it doesn't have.The hard working tax payer pays for the workshy and the shiftless."

Perfectly put.... I couldn't agree more. Governments need reform from the top to the bottom. Too many generations of career politicians that are out of touch with reality.

Why are we still bailing out banks with the citizens money when they do nothing in return for the consumer?

The drums are getting louder. The middle class is starting to take notice and becoming tired of being societies workhorses.

trace 08-08-2011 9:20 PM

The White House today blamed the Tea Party for the downgrade. I have my concerns about the Tea Party, but come on... it's like blaming EMT's for highway fatalities! Pathetic.

psudy 08-09-2011 8:24 AM

You know, the tea Party didn't help the situation. They are as bad as the extreme left, but the real blame lies squarely with Obamas lack of leadership. His pushing the blame to others just reinforces it. This guy is a joke, and people are starting to wake up to the fact that he couldn't lead a girl scout troop.

brettw 08-09-2011 9:10 AM

The blame comes from both parties, past Presidents, etc. and years and years before and during Obama's administration of over spending and poor decisions.

psudy 08-09-2011 10:20 AM

Thats what Obama wants everyone to think. That in itself shows lack of leadership. Good leaders don't blame others.

fly135 08-09-2011 10:23 AM

Quote:

Originally Posted by psudy (Post 1699699)
Thats what Obama wants everyone to think. That in itself shows lack of leadership. Good leaders don't blame others.

This might lead one to believe that you think there are some good leaders in Washington.

psudy 08-09-2011 10:47 AM

Opps. Not at all John!

08-09-2011 11:16 AM

Quote:

Originally Posted by psudy (Post 1699660)
You know, the tea Party didn't help the situation. They are as bad as the extreme left, but the real blame lies squarely with Obamas lack of leadership. His pushing the blame to others just reinforces it. This guy is a joke, and people are starting to wake up to the fact that he couldn't lead a girl scout troop.

LOL... that's funny!

deltahoosier 08-09-2011 12:30 PM

I do love the blaming the tea party theme Obama is going with. That is like blaming the sober friend at the party that was trying to stop you from getting hammered, then tried to get your keys all while your boys are calling him a buzz kill and to quit being wimp. Then you get a DWI and blame it on the sober friend for not stopping you.

bftskir 08-09-2011 12:49 PM

who gives a ratsazz what Standard and Poors says? They are crooks, they took highest bidder $$$ to rate mortgage backed securities as AAA...so now they down grade the US to AA+.... BFD. They deserved to be put out of business and prosecuted.

psudy 08-09-2011 1:02 PM

Obviously the Market.

Plus the rating system was never set up to rate MBS. Its for single debtor obligors. There is always default written into MBSs.

08-09-2011 2:28 PM

Quote:

Originally Posted by bftskir (Post 1699792)
They deserved to be put out of business and prosecuted.

YES! Finally, another real free market capitalist!!! LOL!

What ever happened to caveat emptor? You wouldn't buy a used car at a dealership because another used car dealer said it was a great deal would you? Whatever happened to being accountable for your own actions, doing your own research, and being self reliant?

and when it comes to mortgage backed securities, the buyers got what they deserved! It wasn't that hard to figure out what was in them... also, if it looks to good to be true, it probably is.

"The world ain't what it seems....the moment you think you got it figured, you're wrong."
<iframe width="425" height="349" src="http://www.youtube.com/embed/PZw1qUWlViE" frameborder="0" allowfullscreen></iframe>

psudy 08-09-2011 2:50 PM

http://www.performancetrustuniversit.../flvplayer.swf

denverd1 08-09-2011 4:10 PM

Because Washington has seen no real leadership in decades doesn't give the current leadership any wiggle room. The debt ceiling fiasco was laughable.

All it did was start a week long bear market b/c US treasuries were once again safe.... for the time being, and money flooded out of stocks and into bill/bonds.

just kicking the can down the road..... The funniest part of the fiasco to me was how the Dems wanted to push the whole problem off till Nov 2012. Do they really think Obama has a chance at reelection?

brettw 08-10-2011 2:50 PM

Here's a little related video I recently came across.

http://www.youtube.com/watch?v=Jjv-MtGpj2U

wakeskatethis 08-10-2011 3:07 PM

two years ago this made me cringe. now it just makes me sick
http://www.youtube.com/watch?v=eAaQNACwaLw

brettw 08-15-2011 4:49 PM

How can you not listen to Warren Buffet?

Buffett calls for more taxes on 'mega-rich'
http://finance.yahoo.com/news/Buffet...pphu-container

Sounds good and makes sense to me. It's not like we have a lot of good choices at this point.

wakeskatethis 08-16-2011 1:15 PM

Brett we have a spending problem not a tax problem.

psudy 08-16-2011 2:04 PM

If buffet wants to pay more in taxes, he is free to do so. What they will come up with the definition of rich is what scares the hell out of me.


All times are GMT -7. The time now is 2:08 AM.