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

[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!

[Scottie]

Originally Posted by StumpyPete

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!

my man Stumpy

[Wagner]

Originally Posted by StumpyPete

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!

So you admit defeat How was anything "blinkered" or "biased"? And by rationally do you mean accept your opinion as correct

You can't define how liquidity relates to negative credit ratings..yet you took an uber defensive position when the association was applied...so were you just commenting for the sake of it, if you don't want to defend your position that is implied?

[chile1]

Originally Posted by StumpyPete

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!

Very well stated.

[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...