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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (134128)	5/31/2012 6:50:15 PM
From: TideGlider	2 Recommendations Read Replies (1) \| Respond to of 224682

Hopefully John Edwards can represent the Democrat party on some level. Maybe even V.P. I am sure the rest of the country sees to good in him that you see.

To: Kenneth E. Phillipps who wrote (134128)	5/31/2012 7:04:35 PM
From: MJ	5 Recommendations Read Replies (1) \| Respond to of 224682

"DEMOCRAT WAR ON WOMEN" SEVEN GOOD REASONS TO VOTE REPUBLICAN Bill Clinton and Monica and his other friends John Kennedy and his affairs -Marilyn Monroe and the young intern who has revealed all in her recent book Barney Frank , how many lovers has he had Ted Kennedy left Mary Jo to drown - Is he through purgatory yet? Edwards, champion liar as Dem VP Candidate - " may his wife rest in peace" Weiner, purient exhibitionist What a bunch of two-timing immoral sleazy Democrat men in the Democrat Party. Henry VIII is beginning to look like a Saint in comparison to this bunch of retrobates . Who is next in the Democrat line up?

To: Kenneth E. Phillipps who wrote (134128)	5/31/2012 8:22:46 PM
From: tonto	2 Recommendations Respond to of 224682

44 Comments Share NEW Portfolio Relevance LEARN MORE By Robert Powell, MarketWatch BOSTON (MarketWatch)—The rating agencies have put the U.S. on notice, as Forrest Gump might say, again: Come up with a credible plan to deal with the budget deficit or face yet another downgrade. And that warning has investors wondering what, if any, moves to make with their money should Uncle Sam’s credit rating get dinged—again. We’ve been down this road before. A little less than a year ago the rating agencies, after issuing a similar warning, did in fact downgrade the U.S. credit rating (in the case of Standard & Poor’s, by one notch from triple A to double A) and nothing all that bad happened to most of our investments. Yes, there was a good deal of volatility last August. But, ultimately, with few exceptions, the sky didn’t fall. Stocks, bonds, and commodities didn’t collapse. There was no “rapid re-pricing” as some money managers said would happen when the credit agencies followed through on their warnings. “Medium- to long-term, it has not appeared to have any substantive impact, said Greg Gocek, a charted financial analyst and independent investor in the Chicago area. Read my July 12, 2011 column, No debt-limit deal? Your investments plummet. Now, many experts don’t expect history to repeat itself. Investment professionals and others think lawmakers will reach a temporary agreement on the debt limit and avert another downgrade. Read one such report, in The Hill’s On The Money blog. A downgrade’s unlikely What’s more, the probability of a major budget deal being reached in early 2013 is higher than usual for at least four reasons, according Jeffrey Kleintop, a chartered financial analyst and chief market strategist with LPL Financial. One, the economic impact of the many scheduled tax increases and spending cuts is already set to begin in 2013, he said. The fiscal headwind comprising both tax increases and spending cuts under current policy totals more than $500 billion, or 3.5% of GDP. The 2013 budget changes, primarily consisting of tax increases, are already in the law and would need to be changed to mitigate or restructure them to be less of an economic drag. If not, a return to recession may be looming in 2013. Two, the debt ceiling will be hit again in early 2013 and require legislative action to approve an increase. Three, the rating agencies have warned that they will be watching in 2013 for the U.S. to take actions to return to a path of fiscal sustainability. And four, President Barack Obama and a newly elected Congress will have maximum political capital to make it happen in early 2013. “The most likely outcome is a fiscal tightening that exceeds 1% of GDP is likely next year,” said Kleintop. In fact, he predicts a fiscal tightening of more than $200 billion—with about half from tax increases—totaling about 1.3% to 1.5% of GDP. From his perspective, the $200 billion is made up of the likely expiration of the payroll tax cut ($110 billion), a reduction in discretionary spending (of about $80 to $90 billion), and the imposition of the 3.8% surtax on investment income from high earners ($21 billion). “This combination of about $100 billion in tax increases and $100 billion in spending cuts may be the sweet spot for markets,” Kleintop said. “It is significant but not enough, by itself, to cause a recession; it may allay the immediate concerns of the rating agencies and avert a downgrade of our debt, and it may boost confidence that we can address our long-term fiscal imbalances and return to the path of fiscal sustainability. This is why the makeup of Congress is so important as Washington attempts to avert the budget bombshell from going off and taking the economy and markets with it.” But if there is a downgrade ... Still, there are some things to consider if there is a downgrade. For instance, if Uncle Sam’s debt gets downgraded, so too would government-sponsored debt. “Agency issues like GNMA, FNMA, and FNMC basically have government guarantees parallel to Treasuries and their ratings would likely fall sympathetically to match,” said Gocek. Page 1Page 2

To: Kenneth E. Phillipps who wrote (134128)	6/1/2012 12:03:04 AM
From: Hope Praytochange	2 Recommendations Respond to of 224682

demorat steals money, cheats taxes,cheated his sick wife, infidel.... rolemodel of kennytroll

To: Kenneth E. Phillipps who wrote (134128)	6/1/2012 11:20:22 AM
From: joefromspringfield	8 Recommendations Read Replies (2) \| Respond to of 224682

"Jury refuses to convict Edwards in case that should never have been brought. The indictment was secured by a Republican prosecutor who was running for Congress." Yes it was brought by a Republican prosecutor. BUT "The final decision to prosecute was made by the Obama Administration and the Justice department's Public Integrity Section." mcall.com Thanks for pointing out yet another example of the incompetence of Holder and the Obama regime.