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Downgrade Nation: Seeing Through The Charade Of Presidential Politics

John_Selden Wrote: Sep 16, 2012 10:22 AM
In the end, monitizing the debt and the unfunded entitlements is all the folks in Washington can think to do. That Bernanke still believes there is a monetary solution to unemployment is amazing - didn't he see the examples of post WW-1 Germany and Zimbabwe? It didn't do much good then either.
traitorbill Wrote: Sep 16, 2012 11:44 PM
It's the path of least resistance for cowardly politicians. It's also called kicking the can down the road. Our founders must be turning in their graves.
Matt in N.C. Wrote: Sep 16, 2012 12:27 PM
Monetizing the debt probably isn't all the fools in Washington can think of, but it's evidently all they dare to try in an election year. In the long run, it will cause catastrophic inflation and force lenders to cut us off. But for now, the stock market is up. Releasing oil from the strategic reserve will bring pump prices down. As long as the press stays on message, illegals and the dead turn out in large numbers, and Israel doesn't attack Iran, Obama may win reelection. That's all that matters to them.
robinsky2 Wrote: Sep 16, 2012 6:37 PM
Bernanke should be ashamed for what he just did. Printing more funny money to help B Haussein Obama get re-elected is outrageous and dangerous!
The U.S. Federal Reserve initiated more economic stimulus. And the very next day the U.S. Government received another debt downgrade.

Did one lead to the other- or is there more to the story?

Amid last week’s headlines of Islamic terrorist attacks and domestic bomb threats, the news about another U.S. debt downgrade may have seemed anticlimactic. Yet this additional downgrade for the U.S. has been a long time in the making, has long-term ramifications, and was not triggered by the Federal Reserve alone.

After months of speculation, pressure, and mostly bad economic data, Federal Reserve Chairman Ben...

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