But they love Obama in Europe

[Wagner]

Yeah, some great fiscal policies over there as well...no wonder they like him...

S&P cuts UK's rating outlook to negative - May. 21, 2009


S&P downgraded UK debt to "NEGATIVE" essentially meaning there is no confidence they will every pay their bills.....

Yup, lets follow THAT PATH, we started in CA...lets see if we can do it even bigger.

[StumpyPete]

This has got sod all to do with Obama. This is the result of Bush screwing the US economy, meaning the UK government had to rescue the banks that were trading in US mortgage securities.

[Wagner]

Originally Posted by StumpyPete

This has got sod all to do with Obama. This is the result of Bush screwing the US economy, meaning the UK government had to rescue the banks that were trading in US mortgage securities.

Sure it does, he is deflating the dollar just as the UK crapped on their own GDP with dumb socialist endeavors to save industries from their necessary reduction. Too much time spending, not enough time earning.

If the UK thinks it is in deep water now, wait a year when inflation comes around to the US.

[StumpyPete]

Originally Posted by Wagner

S&P downgraded UK debt to "NEGATIVE" essentially meaning there is no confidence they will every pay their bills.....

You need to do a bit more research - that statement is wrong. The UK is still rated AAA which is the highest rating possible. The negative rating is simply a statement that they see it reducing in the future. There is no implication that the UK cannot pay its bills.

You also have very little understanding of the UK economy - Banking is the only place where the government has taken a substantial equity stake -Letting RBS and HBOS go under would've meant many thousands of entreprenurial businesses would've gone to the wall through lack of funding, and would've screwed the free market economy in this country.

Even with this hundreds of businesses are folding every week and not being propped up by "socialist endeavours" so the UK government is allowing industries to have necessary reduction.

So I politely suggest you research a topic a bit better next time before using it to support your ridiculous ideas.

[Wagner]

Originally Posted by StumpyPete

You need to do a bit more research - that statement is wrong. The UK is still rated AAA which is the highest rating possible. The negative rating is simply a statement that they see it reducing in the future. There is no implication that the UK cannot pay its bills.

You also have very little understanding of the UK economy - Banking is the only place where the government has taken a substantial equity stake -Letting RBS and HBOS go under would've meant many thousands of entreprenurial businesses would've gone to the wall through lack of funding, and would've screwed the free market economy in this country.

Even with this hundreds of businesses are folding every week and not being propped up by "socialist endeavours" so the UK government is allowing industries to have necessary reduction.

So I politely suggest you research a topic a bit better next time before using it to support your ridiculous ideas.

Very simply, UK outspent GDP...problem pressed by socialist spending philosophies, and confirmed by a negative rating.

So why was the UK given a negative rating? Love to hear the rational for that since you imply it has zero interpretation on liquidity.

Some of my favs:

stop the bailouts

YouTube - Daniel Hannan MEP: The devalued Prime Minister of a devalued Government

[ssan586]

I find it extremely interesting folks, especially Republicans in USA are blaming Obama for so much and complaining about his bailout plans as if he's an ultra-liberal money waster. However, folks seem to have forgotten that it was Bush who started this line of bailouts and he was supported by many of these same conservatives.

As a totally non-partisan, open-minded, and intelligent individual, this back and forth bickering in our country really irritates me. With both, Democrats, and Republicans, it seems that everything everyone who is not on "my team" supports, is automatically stupid or doing something bad. I think people need to stop thinking like elementary schoolers jumping on a bandwagon and overlooking common sense, and join forces to do what is best for us all. We're never going to get anywhere as earthlings (yes, everyone is affected by these actions, not just folks in one country) unless we work together and stop the childish pursuit of conquering "the other team". It's pointless...

[StumpyPete]

Originally Posted by Wagner

Love to hear the rational for that since you imply it has zero interpretation on liquidity.

I will happily discuss it with you when you put your blinkered and biased views to one side and are prepared to discuss it rationally. So not this century then!

[StanF18]

Originally Posted by ssan586

.....As a totally non-partisan, open-minded, and intelligent individual, this back and forth bickering in our country really irritates me. With both, Democrats, and Republicans, it seems that everything everyone who is not on "my team" supports, is automatically stupid or doing something bad. I think people need to stop thinking like elementary schoolers jumping on a bandwagon and overlooking common sense, and join forces to do what is best for us all. We're never going to get anywhere as earthlings (yes, everyone is affected by these actions, not just folks in one country) unless we work together and stop the childish pursuit of conquering "the other team". It's pointless...

If everyone took a moderate, rational stance instead of forcing themselves into a radical corner (whether it's Far Right or Far Left), some important things could actually GET DONE.

However, you have made one false assumption on your post: that every adult in the US is as well-educated and well-read as the posters on this thread. Which is unfortunately far from the case. A sizable chunk of the country DOES "think like elementary schoolers". Unfortunately for Republicans, it appears they are getting the larger share of these, while the college-educated crowd is gravitating towards Obama. Gone are the days when young Republicans could take solace in Michael J Fox's portrayal of Alex P. Keaton on Family Ties. As much as I loved that awesome character back in the 1980s, where can a well-educated individual gravitate in this day and age, given the fact that your typical Republican politician now denies global warming and denies that evolution is a real concept? Seriously, the GOP needs to re-evaluate their silly stances on some of these issues, and stop denying everyday scientific realities. Or they will make themselves even more irrelevant than they already are.

[MrLabGuy]

Originally Posted by ssan586

I find it extremely interesting folks, especially Republicans in USA are blaming Obama for so much and complaining about his bailout plans as if he's an ultra-liberal money waster. However, folks seem to have forgotten that it was Bush who started this line of bailouts and he was supported by many of these same conservatives.

As a totally non-partisan, open-minded, and intelligent individual, this back and forth bickering in our country really irritates me. With both, Democrats, and Republicans, it seems that everything everyone who is not on "my team" supports, is automatically stupid or doing something bad. I think people need to stop thinking like elementary schoolers jumping on a bandwagon and overlooking common sense, and join forces to do what is best for us all. We're never going to get anywhere as earthlings (yes, everyone is affected by these actions, not just folks in one country) unless we work together and stop the childish pursuit of conquering "the other team". It's pointless...

The problem is not Democratic or Republican its government. What we need is less intervention and more personal responsibility. The government should protect us and our rights as a society. Not much more...If personal responsibility was to rule more people would act responsible to survive. When will we realize you can't remove consequences and expect people to learn for themselves? If I want more out of life I work harder. If you want to earn more money as an adult study hard and apply yourselves as a youth. If you decide to be a drug addict then you suffer. If you decide to be a criminal you earn your right to be taken out of the free society. If you make a ton of money and decide to give it to your children then you have that right because you earned that right or someone down the line in your family make some good decisions. We need to teach personal responsibility and reward personal responsibility. This whole idea of taking from hard working law abiding individuals and transferring it to irresponsible lazy people who spend their welfare checks on drugs, beer and lottery tickets is ridiculous.

[X5rolls]

Originally Posted by StanF18

If everyone took a moderate, rational stance instead of forcing themselves into a radical corner (whether it's Far Right or Far Left), some important things could actually GET DONE.

However, you have made one false assumption on your post: that every adult in the US is as well-educated and well-read as the posters on this thread. Which is unfortunately far from the case. A sizable chunk of the country DOES "think like elementary schoolers". Unfortunately for Republicans, it appears they are getting the larger share of these, while the college-educated crowd is gravitating towards Obama. Gone are the days when young Republicans could take solace in Michael J Fox's portrayal of a Alex P. Keaton on Family Ties. As much as I loved that character back in the 1980s, where can a well-educated individual gravitate in this day and age, given the fact that your typical Republican politician denies global warming and denies that evolution is a real concept? Seriously, the GOP needs to re-evaluate their silly stances on some of these issues, and stop denying everyday scientific realities. Or they will make themselves even more irrelevant than they already are.

Well said.