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

To: Tenchusatsu who wrote (623402)	8/8/2011 10:39:21 AM
From: bentway	Read Replies (2) \| Respond to of 1583675

In your favorite mode - victim!

To: Tenchusatsu who wrote (623402)	8/8/2011 3:59:59 PM
From: Alighieri	Read Replies (3) \| Respond to of 1583675

Really pathetic. Shoot the messenger mode. They're even attacking the S&P, comparing their downgrade to the "Catholic Church lecturing scout leaders on the proper behavior toward boys": Hmmm, yeah, they were kind of making fun of the messenger...for a number of reasons...but that wasn' t the crux of the commentary...the point was that republicans are rigidly hanging on to an austerity stance only when the country needs critical investments as well(bloomberg and others)....and of course the point that one can't cut his way out of the problem...some new revenue (taxation, reform, etc...) must be part of the initiatives and that seems impossible now with the republicans... *S&P>* Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act. To some extent this is silly since nothing is required for these tax cuts to expire at the end of 2012... Al