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#1
08-05-2011, 08:57 PM
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S&P Downgrades US Debt
Standard & Poors just downgraded US debt from AAA to AA
http://news.yahoo.com/p-downgrades-us-credit-rating-aaa-003628509.html
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I'm sick of .sig files 
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#2
08-05-2011, 09:00 PM
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Not surprising.
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Whoever said there's nothing more expensive than a cheap Mercedes never had a cheap Jaguar. 83 300D Turbo with manual conversion, early W126 vented front rotors and H4 headlights 400,xxx miles 08 Suzuki GSX-R600 M4 Slip-on 22,xxx miles 88 Jaguar XJS V12 94,xxx miles. Work in progress.
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#3
08-05-2011, 09:01 PM
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Now who couldn't see that coming ?
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Grumpy Old Diesel Owners Club group I no longer question authority, I annoy authority. More effect, less effort....  1967 230-6 auto parts car. rust bucket. 1980 300D now parts car 800k miles 1984 300D 500k miles  1987 250td 160k miles English import  2001 jeep turbo diesel 130k miles  1998 jeep tdi ~ followed me home. Needs a turbo. 1968 Ford F750 truck. 6-354 diesel conversion. Other toys ~J.D.,Cat & GM ~ mainly earth moving
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#4
08-05-2011, 09:13 PM
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Let me know when S&P is right about anything.
Quote:
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#6
08-05-2011, 10:25 PM
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No surprise, they did nothing to address the ballooning deficit. It's interesting that those same politicians lamenting the downgrading if the debt ceiling wasn't raised don't think it's a big deal now that they got their increase and the bond rating still dropped.
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 1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15 '06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod)
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#7
08-05-2011, 10:31 PM
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Got it. How soon before boener backpeddles on this one
 http://www.cbsnews.com/stories/2011/08/01/eveningnews/main20086598.shtml
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#8
08-05-2011, 10:32 PM
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Gonna be an interesting Monday morning on Wall Street.
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Just say "NO" to Ethanol - Drive Diesel Mitchell Oates Mooresville, NC '87 300D 212K miles '87 300D 151K miles - R.I.P. 12/08 '05 Jeep Liberty CRD 67K miles Grumpy Old Diesel Owners Club
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#9
08-05-2011, 10:39 PM
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Quote:
- Peter.
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2021 Chevrolet Spark Formerly... 2000 GMC Sonoma 1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021  2002 Kia Rio. Worst crap on four wheels 1981 240D 4spd stick. 389000 miles. 1984 123 200 1979 116 280S 1972 Cadillac Sedan DeVille 1971 108 280S
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#10
08-05-2011, 10:40 PM
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I can't say I blame them....
Who, in their right mind, would loan money to a credit applicant who takes in 200 pa'angas a month, spends 300 pa'angas a month, and thinks they're not spending enough ???
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Palangi 2004 C240 Wagon 203.261 Baby Benz 2008 ML320 CDI Highway Cruiser 2006 Toyota Prius, Saving the Planet @ 48 mpg 2000 F-150, Destroying the Planet @ 20 mpg TRUMP .......... WHITEHOUSE HILLARY .........JAILHOUSE BERNIE .......... NUTHOUSE 0BAMA .......... OUTHOUSE
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#11
08-05-2011, 10:44 PM
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Quote:
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#12
08-05-2011, 10:55 PM
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well... we're screwed.
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#13
08-05-2011, 11:31 PM
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Quote:
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#14
08-05-2011, 11:36 PM
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The talking heads and "media outlets" all want to scare us. I hate the news. There is never anything positive, ever.
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#15
08-06-2011, 12:54 AM
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I think this is the first time Japan and China ever showed alarm, due to the brinkmanship and general circus performance of our politicians in these negotiations. Customer not happy.
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1985 380SE Blue/Blue - 230,000 miles 2012 Subaru Forester 5-speed 2005 Toyota Sienna 2004 Chrysler Sebring convertible 1999 Toyota Tacoma
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