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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (623067)	8/5/2011 8:54:09 PM
From: steve harris	1 Recommendation Read Replies (1) \| Respond to of 1579714

every time, you guys take enough rope to hang yourselves........lol washingtonpost.com S&P downgrades U.S. credit rating for first time

To: tejek who wrote (623067)	8/5/2011 9:05:33 PM
From: i-node	2 Recommendations Read Replies (3) \| Respond to of 1579714

>> But officials told the agency that they were “trillions of dollars” off in their analysis, in part because of the complicated “baselines” that are used to compare long-term government spending and revenue projections, according to reports. Yeah, what actually happened was that Obama told S&P, "If you downgrade, we'll drag your ass through the mud. Don't you dare do it." And S&P promptly did what? Downgraded. And, of course, the "experts" at the White House quickly started slinging the mud: A source familiar with the discussions said that the Obama administration believes S&P's analysis contained "deep and fundamental flaws." My only question is why the hell they didn't do it sooner.