So why does John Kerry hate this country so much that he would give credence to S&P? Just to tar a political rival that bested him and his party?  His hate of the Tea Party and the Americans that support them is so great that he would give credibility to S&P’s downgrade? Why does he hate middle class, working class, middle Americans so much as to give credence to S&P???

Maybe we should just call them violent teathuglikkan racist terrorists and be done with it.

>>In other news, Americans have collectively released a statement saying that they don’t care S&P didn’t invite us to its birthday party because “it will probably be boring” and “we didn’t actually want to go anyway.”

Sure it doesn’t matter. That’s why we had a month of hysteria with the debt ceiling stupidity over trying to stave off a downgrade that predictably came anyway.

This casual collective pundit dismissal in the press likely had more to do with Obama’s re-election chances being downgraded than anything else.

If it was no big deal, then why the race by the ThinkProgress talking point brigade, led by John “Reporting for Duty” Kerry, to blame this “non-big deal” on the Tea Party?

I haven’t been a big fan of S&P since their act of establishing AAA status on mortgage backed securities that were essentially rigged to blow up.  They missed it boat either through ignorance or deceit.  I’m not sure which is worse but either makes me not willing to trust their intentions or their math.

Also, how can they give a credit rating to a deal that hasn’t had ANY of the details worked out?  It’s only just goal numbers at this point.

This is patriotic Murcuh.  We dare not examine reality.  Yup.

I guess since S&P screwed up so badly, got burned so badly, they have decided to take steps to regain a tiny bit of credibility.

The problem is that this downgrade could have come any time in the last several years, and knowledgeable people are asking why it took so long?

I would have to disagree, considering that the other AAA nations have a significantly higher Debt-GDP ratio and much higher insurance prices than the US.

The more I see the admin’s reaction to the S&P downgrade, the more I agree with the decision.   Pres. Obama should react by calling congress back to session, eliminate the summer recess, and get the super committee going.  The senate still hasn’t passed a budget.  yet the S&P is wrong?  I don’t hink so.     

I agree totally on your assessment.   If S&P had been more conservative in 2008, investors would have had warning about Lehman, Freddie etc.   April was the S&P warning,and it was ignored. They’re doing their job, even if we don’t like the tighter evaluation.

The top management of the big three rating agencies should have been investigated for their complicity in the blowing up of the mortgage backed securities fiasco. Surly, if the justice department had investigated, they would have found these agencies guilty, and that top management would now be doing time.

However, this all seems to be just a dream, as our “Justice” Department under Obama, doesn’t seem to have the balls to investigate any of the top players responsible for much of what went on in the previous decade. I guess he figures that if he doesn’t investigate them (the republicans), then when he is out of office, they won’t investigate him. Huh! Good luck on that.

On election day, if he isn’t re-elected, the republicans will be formulating their investigation process before he’s ever out of office. It looks like he believes that if he plays fair, then they will play fair. Hasn’t he learned how wrong that thinking is by now.

Standard and Poors has become a petulant child attacking those who disagree with it’s downgrade. They doungraded Birkshire Hathaway’s Warren Buffet after his comments about S&Ps action in the U.S. downgrade. As one pundit put it, what S&P has done would be like a credit card company raising the intrest on your card because they heard you had an argument with your wife. 

They’ve ignored the debt crisis in other nations with AAA ratings whose problems are far worse than ours simply because the tea-party are buttheads.  What they don’t appear to realize though is, they’ve possibly placed the final straw upon the camels back.  S&P should be making financial decisions based on merit but instead they have decided to make a political statement based on their beliefs.

The progressives who are pushing this are the bunch of jerks.

Isn’t it funny that before the downgrade, S&P was perfectly fine.   Then again this is so typical of a good many Americans these days. There’s no way they’d accept any part of what a mess the country is in,  instead they pass the blame onto S&P and call them childish names. 

This attack on S&P is a classic case of ‘kill the messenger.”

Actually, I believe that S&P is not a bunch of stupid jerks, but a bunch of very smart crooks.
Good day America.

The top S & P executives gave money to Democratic Liberal candidates;

http://thehill.com/blogs/on-the-money/801-economy/175739-sap-execs-have-favored-democrats-in-recent-cycles

Obama is the Blamer in Chief.

“Blame the messenger” is becoming quite the pastime in America, it seems.

A downgrade WAS the doom at the end of everyone’s worst case scenarios throughout negotiations.  Not a default (would never have happened – monthly revenues are enough to pay interest to bondholders, social security, military pay and then some – if not every park ranger in the federal employee) and not a government shutdown (we’ve done it before without Armageddon breaking out).

S&P may not be staffed by perfect seers, but a good deal of people warned in advance that a downgrade was in the offing even with a debt ceiling deal (especially one considered none too aggressive), too many to credit those who now want to issue a collective shrug.  Inside the beltway Washington’s approach to the national debt isn’t serious, nor do they wish it to become so.  They believe it’ll go away as a top concern when the economy starts moving again and pressures on where to apply “revenues” are relaxed.  Too many subsidies are at risk, too many tax loopholes, too many pork barrel spending projects, across partisan aisles.  Everybody is more interested in electrifying 3rd rails wherever they can to lock in some voter base or another than they are in addressing fundamentally how Washington spends our money.  The bashing on S&Ps on this point can be seen is in defense of business as usual for the establishment.