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Terry330

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  • Republicans for the "Super Committee" are set: House Speaker John Boehner chooses Reps. Jeb Hensarling, Dave Camp and Fred Upton, and Mitch McConnell selects Sens. John Kyl, Rob Portman and Pat Toomey. Harry Reid yesterday picked Democrats from the Senate; House Democrats have not yet been named.  [View news story]
    I hope the Democrats will stand up to all the "greed" money coming from GOP and place priory on the American family and not the top 5% of wealthy.
    Aug 10, 2011. 11:44 AM | 1 Like Like |Link to Comment
  • While S&P raters "are the last people whose judgment we should trust," Paul Krugman says the U.S. does have big problems "caused by the rise of an extremist right that is prepared to create repeated crises rather than give an inch on its demands." The big question, he says, is "whether the extremists now blocking any kind of responsible policy can be defeated and marginalized."  [View news story]
    The tea party group want to destroy the US and form a new government with low-low taxes like Mexico and 90% of families are in poverty with no food stamps, social security, retirement. The wealthy will own 99% of everthing.
    Aug 8, 2011. 05:55 PM | 2 Likes Like |Link to Comment
  • Gold is up 3.8% today to $1,715/oz, and J.P. Morgan now thinks thinks the metal could sell for $2,500/oz or more by the end of 2011. Nonetheless, the firm is relatively tame in its bearishness, believing economic conditions are closer to those of a "mid-cycle pause" such as 1998 than a cycle-ending period such as 2008.  [View news story]
    August 7, 2011, at 5:49 pm
    by Jim Sinclair in the category General Editorial, In The News | Print This Post | Email This Post


    My Dear Extended Family,

    I had the pleasure of being interviewed by James Turk at this weekend’s GATA conference at the Savoy in London. With the subsequent development of the downgrade of US Treasury debt this interview is quite important.

    You can access the interview via the following link: www.youtube.com/watch?...

    Respectfully,

    Jim
    Aug 8, 2011. 04:22 PM | Likes Like |Link to Comment
  • President Obama is beginning to speak on topics including S&P's downgrade of U.S. credit; watch live here.  [View news story]
    Partly right, Obama contend these failed policies,tax cuts and borrowing for wars.
    Aug 8, 2011. 02:15 PM | Likes Like |Link to Comment
  • President Obama will make an unscheduled statement at 1:00 PM Eastern according to the White House.  [View news story]
    The tide is turning fast against the tea party,and there leaders.
    Aug 8, 2011. 12:01 PM | Likes Like |Link to Comment
  • In an unusually blunt I-told-you-so, China's official Xinhua news agency publishes a commentary demanding the U.S. address its chronic debt problems: "The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone."  [View news story]
    A downgrade of the nations credit rating brought to you by the same company that participated in the largest financial fraud in American History, namely the collapse of the American financial system that brought us to where we are today. Rating toxic assets as AAA that led up to the collapse of global economies along with Moody's and others brought us to our knees as a great nation. What is their motivation now, to further the collapse of the middle class and the demise of a the country?
    Aug 6, 2011. 04:23 PM | 5 Likes Like |Link to Comment
  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."  [View news story]
    Bush added 5.5 T over his term and created structural deficits (tax cuts, wars & medicare part D) that continue to this day. The OMB forecast the defict the first year O was in office at $1.2 T USD in January BEFORE he took office. We were running ACTUAL deficts close to the value of TARP when Bush was in office (NOT budget deficits since much of Bush's spending was off-budget legislative appropriation - I think he called it "fuzzy math").
    Aug 5, 2011. 10:22 PM | 4 Likes Like |Link to Comment
  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."  [View news story]


    Happy, tea baggers? Your whole agenda is to bring down the government. You are at heart traitors. You will pay. Read the latest poll. Less than 20% of Americans trust you, and for good reason.
    Aug 5, 2011. 09:38 PM | 4 Likes Like |Link to Comment
  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."  [View news story]
    The outlook on the long-term rating is negative. As our downside alternate fiscal scenario illustrates, a higher public debt trajectory than we currently assume could lead us to lower the long-term rating again. On the other hand, as our upside scenario highlights, if the recommendations of the Congressional Joint Select Committee on Deficit Reduction–independently or coupled with other initiatives, such as the lapsing of the 2001 and 2003 tax cuts for high earners–lead to fiscal consolidation measures beyond the minimum mandated, and we believe they are likely to slow the deterioration of the government’s debt dynamics, the long-term rating could stabilize at ‘AA+’. From: S&P
    Aug 5, 2011. 09:32 PM | 3 Likes Like |Link to Comment
  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."  [View news story]
    Thanks Tea Party for the downgrade.
    Aug 5, 2011. 09:22 PM | 6 Likes Like |Link to Comment
  • Despite what happened today, tomorrow's trading should be even more "epic," according to Joe Weisenthal: "The panic in Italy is real and it's only a matter of time before the banking system is infected." Add to the mix a potentially weak nonfarm payrolls report tomorrow, and it could get ugly very quickly.  [View news story]
    Which President cut taxes while borrowing for forever wars, expanded health care on another goverment borrowing from China?
    Aug 4, 2011. 08:35 PM | 2 Likes Like |Link to Comment
  • House Majority Leader Eric Cantor says it's time for Americans to "come to grips with the fact that promises have been made that frankly are not going to be kept for many," and young people must "adjust" to a future with fewer entitlements. Straight talk for a change, or a betrayal?  [View news story]
    I support no one in public office longer than 4 years. You can never run or be reelected. No government benefits after 4 years.
    Aug 3, 2011. 07:19 PM | 7 Likes Like |Link to Comment
  • House Majority Leader Eric Cantor says it's time for Americans to "come to grips with the fact that promises have been made that frankly are not going to be kept for many," and young people must "adjust" to a future with fewer entitlements. Straight talk for a change, or a betrayal?  [View news story]
    Now days all Conservatives can talk about is transfer of your money to the top 5% of Americans so they can pay lower and lower taxes, and you fell for the con over decades.
    Aug 3, 2011. 07:16 PM | 5 Likes Like |Link to Comment
  • Paul Krugman assails the media for failing to "acknowledge the one-sided role of Republican extremists in making our system dysfunctional." Making "nebulous calls for centrism, like writing news reports that always place equal blame on both parties, is a big cop-out," Krugman writes, which "only encourages more bad behavior."  [View news story]
    Have you ever read any extrema right wing positions? Class warfare,segregation of classes, taking more from middle class to pay to wealthy, endless wars with borrowed money, eliminating all social security and Medicare.
    Jul 29, 2011. 06:08 PM | 5 Likes Like |Link to Comment
  • Paul Krugman assails the media for failing to "acknowledge the one-sided role of Republican extremists in making our system dysfunctional." Making "nebulous calls for centrism, like writing news reports that always place equal blame on both parties, is a big cop-out," Krugman writes, which "only encourages more bad behavior."  [View news story]
    Polls this week blame Tea Party for drop in stocks and gridlock in Washington.
    Jul 29, 2011. 06:03 PM | 7 Likes Like |Link to Comment
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