Rumors of Unfair Labor Practices at S&P Surface
The S&P Cabal: How White Accountants Downgraded the First Black President
Bought and Paid For: Prominent GOP Fundraiser Lunches with S&P VP
Murky Past, Questionable Present: Did S&P Fund Nazi Empire?
How Israel Benefits From S&P Downgrade
David Steinberg is the New York City Editor of PJ Media, joining the company in 2009. Previously, David worked in film development and production in Los Angeles. A graduate of Tufts University with a B.S. in Computer Science, he lives in Connecticut with his wife Melissa, children Jack and Talia, and cats/home office companions Dr. Katz and Earl Grey. Follow his tweets at @DavidSPJM.
Don’t forget the ever popular “This really doesn’t mean anything.”
And S & P “they’re just plain mean.”
Or we could go for the throat — “wha, wha wha.”
Agree-was Barney Frank not stating to just ignore the downgrade??
Obama inherited the AAA credit from Bush! Wait…
Thumbs up.
Isn’t it true that Halliburton owns S&P?
I respectfully disagree at this time because if I read the S&P downgrade correctly, S&P are saying they downgraded us because Republicans won’t raise taxes. If I’m wrong, I’ll be glad to admit it, but watch for this to be played heavily on the Sunday morning talk circuit. Remember, S&P donated heavily – if not completely – to Democrats.
I respectfully disagree at this time because if I read the S&P downgrade correctly, S&P are saying they downgraded us because Republicans won’t raise taxes.
You’re wrong. They cited both the tax and spending side.
But you’re right that only the tax side will get any play in the sycophant media.
Guys! The truth doesn’t matter.
(Sometimes it just sounds like satire.)
Did I call it or what? Fox News is already saying this won’t amount to much:
http://www.foxnews.com/politics/2011/08/05/us-official-says-sp-reconsidering-us-credit-downgrade/
The downgrade is likely to have little to no impact on how the United States finances its borrowing, through the sale of Treasury bonds, bills and notes. This week’s buying proves that.
“Investors have voted and are saying the U.S. is going to pay them,” said Mark Zandi, chief economist of Moody’s Analytics. “U.S. Treasurys are still the gold standard.” He noted that neither his parent organization, Moody’s, nor Fitch, the other of the three major rating agencies, have downgraded U.S. debt.
Japan had its ratings cut a decade ago to AA, and it didn’t have much lasting impact. The credit ratings of both Canada and Australia have also been downgraded over time, without much lasting damage.
“I don’t think it’s going to amount to a lot,” said Peter Morici, a University of Maryland business economist.
Still, he said, “The United States deserves to have this happen,” because of its clumsy handling of fiscal policy.
Of course AP contributed to that report so take it for what it’s worth.
Loss of face is almost always devastating to elites. AA+- in your face a$$holes!
“S&P made a $2T math error. We have pointed it out and they agreed they made a mistake. We are awaiting a revision.”
The “two trillion dollar math error” was a calculation by S&P that the U.S. debt would be $22.7T by 2021. The CBO says it will “only” be $20.7T by 2021. Want to bet me now who will be right by 2021? My guess is neither since inflation will most certainly be outside the range of error in today’s math. What a bunch of fricken geniuses at both Treasury and S&P. Oh, wait, I left out the White House. My bad.
I find it odd that the word “unexpectedly” does not appear anywhere in your list of themes.
I’m surprised that the infamous (nefarious conservative?) Koch brothers can’t be linked to this in some way. And while we’re at it, can’t we indicate that “Holder vows full investigation of S&P.”
Barney the Bad Clown from Massachusetts was on television this morning attacking the messenger, Standards and Poor. He said S&P lacked credibility because they didn’t downgrade the bad actors in the sub-prime crime spree.
Bad Clown didn’t mention his own criminal malfeasance in the whole matter. S&P could claim that they didn’t downgrade in the sub-prime fiasco because they trusted Barney the Bad Clown’s reassurrances that everything was fine.
I agree. They didn’t call out Fannie Mae and Freddie Mac.
I find the “white accountants” meme the funniest, not sure why. Holder has probably already launched an investigation. (David Steinberg, you are probably already on the grand jury’s list of witnesses–don’t answer the door!)
Perhaps the ‘prompterPrez will see this as proof that he was right all along about American exceptionalism. Maybe this grade deflation is because he doesn’t look like other presidents. And the Republicans are meaner to him than to anyone else, evah! Or maybe he’ll try to argue this is actually better because an ‘AA+’ is better than ‘AAA’, right?
Gotta catch some shut-eye before the morning shows tomorrow. The BS-meter is being recharged as well, darn thing just about burnt itself up with all those recent speeches. Had to unplug the meter entirely when Carney insisted the bus tour through swing states was unrelated to BHO’s re-election campaign.