S&P Downgrades US To AA+, Outlook Negative

russ_watters

That would only necessarily be true if imports and exports were the only components of the economy.

WhoWee

Not to be a wet blanket - but Apple was "saved" by Microsoft a few years ago.

SixNein

The tea party is a misnomer in the sense that it is a party; instead, its a movement within the GOP base. In other words, the tea party is a part of the base of the republican party.

SixNein

I think asian markets are going to be interesting to watch tonight.

WhoWee

I find the (apparent) need to identify the TEA Party movement as part of the Republican Party to be counter-productive to the Left. I've talked to many independents and moderate Democrats (in OH and PA mostly, but NY, VA and MD as well) that consider themselves part of the TEA Party - ridiculing this group in 2012 will be a BIG mistake.

SixNein

The tea party is a part of the republican base.

http://www.sourcewatch.org/index.php?title=FreedomWorks

OmCheeto

Anyone else besides me doing substantial* ACH transfers into their investment accounts?

*"substantial" of course being every last penny of cash I have in my bank account. Which amounts to little more than $200. Gads I hate being poor.

But I do love roller coaster rides. Yippie!

russ_watters

That link has nothing to do with your claim.

turbo

I'm not moving my assets around because I don't need access to them right now. Actually, I hope the Fed has to raise the short-term lending rate soon, because I'm earning practically nothing on my liquid assets.

ParticleGrl

Its a basic accounting identity. Consider, GDP (Y) is C+I+G+NX. Your total GDP is consumption+investment+Governmentspending+net exports.

Now, also, Y = C+S+T (consumption+savings+taxes). Any dollar not consumed or taxed is saved.

Put them together, and you find

NX = (S-I)+(T-G).

If net exports is negative, then either I is bigger than S, or G is bigger than T. A trade deficit requires negative household balances or deficit government spending. If you have a macroeconomics book, crack it open to the section on twin deficits to read more.

Jimmy Snyder

Did she really say "He's got to come up with a new deal" at 1:31?

OmCheeto

Yes. He and she repeated it later.

Thanks a lot for making me watch that.

I almost threw up.

I would like to remind people that I've been without cable for the last 18 months now, and this is actually the first time I've listened to Sarah Michele Bachmann speak.

And thank you Jimmy for making me watch that. If she's our new leadership, I think I'll just cash out my whole portfolio and move to Waterworld.

Who the **** elects these kind of ******* morons?

moderator deletion precognitived.......

WhoWee

At 3:25 she explains the comment.

WhoWee

Here's my point - there are hundreds of "TEA Parties" across the country. They are local groups - many actually formed around kitchen tables.

Yes, I agree they came together at a few large events including the tax day rallies and the DC events. Also, I agree that Glen Beck motivated a great many people to form groups with his 9/12 Project.

However, I challenge you to name the leader.

Last, the new House Republicans along with Michelle Bachman have formed a group and taken the name TEA Party Caucus - and this causes some confusion. The members of the TEA Party Caucus happen to be Republicans but answer to their respective local groups (voters of both Parties and Independents in some cases) - not a national organization.

DevilsAvocado

OmCheeto, you’re the last person I want to make any sicker, but at the same time I think it is good if as many people as possible understands what we’re dealing with here:

Michele Bachmann Says The Darndest Things
http://www.youtube.com/watch?v=e9bvreW08X0




Did I hear someone (who seems to have lost it completely) mention "Breivik-inspired rhetoric"??

WhoWee

It's nonsense like this comment that the Left has trouble competing on talk radio - IMO.
(I mean without a Government subsidy of course)

DevilsAvocado

Agree, Michele Bachmann is pure nonsense, but IMHO the problem is she’s Running for President, and before even starting the campaign – she’s involved in a possible threat to the global economy.

Asia is opening in 1½ hr, let’s cross our fingers...

Anyhow, thanks a lot WhoWee for bringing up talk radio! Here comes the truth (@0:59) about "Breivik-inspired rhetoric" and extreme rightwing fanatics:

http://www.youtube.com/watch?v=bscp0ou3o40