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Original poster

Standard & Poors says the economic outlook for America is negative

41 replies

longfingernails · 18/04/2011 21:13

Can you blame them, after the humungous dose of socialism Obama has inflicted on this once mighty nation?

Thank heavens for George Osborne. Without him, we too would be in danger of losing our AAA credit rating.

OP posts:
newwave · 18/04/2011 22:33

The problem is LFN is obviously intelligent and very well informed, it's the sheer inhumanity and spite of her posts I cannot fathom.

expatinscotland · 18/04/2011 22:28

And yes, I have two personal mates who are Tea Party members Wink.

expatinscotland · 18/04/2011 22:27

She makes Tea Party members look like wooly liberals :o.

Original poster
longfingernails · 18/04/2011 22:27

Never in practice. 67 is far too high.

And I think it is perfectly valid to have an opinion on foreign politics - especially US politics.

The biggest problem the GOP has is in finding a credible challenger to Obama. If they can find someone appealing, Obama is gone. But even I couldn't vote for McCain in 2008 in good conscience, with the idiot Palin on the ticket. I hope Mitch Daniels - or even better - General Petraeus - runs - and destroys Obama utterly and totally.

OP posts:
newwave · 18/04/2011 22:26

expat, you need to remember from LFN's perspective anyone with a caring bone in their bodies is a socialist.

You only need to read her solution to cutting benefits after a set period of time all benefits should be removed and the state should only provide one hot meal a day to realise LFN is not a very nice or decent person.

expatinscotland · 18/04/2011 22:20

Oh, a veto can be over-ridden, too.

expatinscotland · 18/04/2011 22:20

As for Obama being a socialist. Haahahaahahaaahaahaaahaaahaaaa!

expatinscotland · 18/04/2011 22:18

You thought it was sensible, they didn't. They're elected officials.

Honestly, why do you care, other than using some foreign country you don't even live in and are not a citizen of to make senseless comparisons to laud Osborne?

That's really clutching at straws.

But that's unsurprising.

Original poster
longfingernails · 18/04/2011 22:14

Yes - I am perfectly aware that Congress has to authorise the budget.

Yet Obama and the Senate Democrats have vetoed the perfectly sensible Ryan plan.

If the Ryan plan had been passed, America would not be on negative credit rating watch today.

OP posts:
newwave · 18/04/2011 22:01

the borrowing due to Obamacare alone will be well into the trillions.

Yeah far better people died because they could not pay their medical bills.

The USA needs to grasp the fact the American century is over and cut their military spending to the bone.

The bric countries if they have any sense will grow their economies but not their military (except China)

Chil1234 · 18/04/2011 22:01

A centerist agenda (I think it's stretching it to call Obama a socialist) and social reform is always going to be difficult when there's a shortfall of cash. But I don't think it's Obama's 'fault' exactly. The whole system in America seems designed to stifle change - either way...

expatinscotland · 18/04/2011 22:00

'Bush was bad - very very bad - he was a spendaholic too - it's just he spent on wars.'

and that bank bailout . . .

Honestly, long, stick to your own country it's already easy enough to make a fool out of oneself just with that.

expatinscotland · 18/04/2011 21:59

You do realise he is not autonomous and can't spend much of anything without Congress.

Probably not.

Really, I don't know why I bother engaging with someone who so obviously has FA grasp of how it really works there and who's never lived there and who is sitting a computer 5000 miles away spraffing a bunch of bullshit.

Original poster
longfingernails · 18/04/2011 21:55

Bush was bad - very very bad - he was a spendaholic too - it's just he spent on wars.

However, Obama's expansion of the American deficit is scary. Even subtracting the immense bailout, the borrowing due to Obamacare alone will be well into the trillions.

OP posts:
expatinscotland · 18/04/2011 21:54

You really are ignorant if you believe this was all caused by Obama.

Niceguy2 · 18/04/2011 21:52

Nah, Obama hasn't caused this.

What's caused it is the yanks have been running a ridiculous deficit for as long as I can remember. So much so that the national debt counter had to have extra digits added!

Now they're slowly realising that they have to pay the money back. The austerity cuts they've been so painfully making are frankly laughable. They've cut $38 billion off a deficit measured in trillions. And they somehow managed to ringfence defence spending rather than health or education!?!? This is despite US military spending being about 50% of the world's military spending!

I doubt they have to balls to do what it takes. Once they are forced to (or indeed wake up to the fact they're deep in the shit), the inevitable fallout will make the current crisis seem like a walk in the park.

They also won't be amused either when they wake up and realise the US economy is owned by China & Saudi Arabia!