U.S. Loses AAA Credit Rating

For the first time since 1917, the United States has lost it's AAA Credit Rating tonight. What will this mean to the U.S. economy and to the other nations in the world in doing business with the United States?

What a double birthday gift Mr. President. The stock market dropped big time on your birthday and now you have AA from a AAA.

 

So what? I've resigned to the fact that worrying creates no solutions so let's see what they do Monday

 

Uh OH :smt071

 

I'm resigned to the fact we are fucked as a country with the coming rise in interest rates from getting loans to credit cards to mortgage rates. The U.S. was once a great nation. The politicians fucked us all.

 

Well I hope the congressional hostage takers (tea-party) are happy.

 

How much you wanna bet Monday there's some kind of "meeting" that changes things. The rich have a lot to lose too if our credit rating stays low.

 

We knew this was coming since last week when top politicians said AA is still good if we falter down. Besides, S&P who determined this have a high bar they want met. Sucks for the US, still.

Here's some top financiers have also spoken out on it interesting comments by them -

http://www.reuters.com/article/2011/08/06/us-usa-debt-downgrade-view-idUSTRE77504J20110806


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All great Empires have fallen. And the next one after us is...China? Please no....


I still think we will get this great country back on track.

 

This country is known for coming back in the darkest hour. The film industry is built on it. This is the time where patriotism counts. So fuck the blame game and whoa is me. It's time to make some sacrafices and move forward.

 

All Hope Hasn't Faded Yet...

This is only for S&P. There are still other credit rating agencies like Moody's and Fitch who still retain the U.S. with a AAA credit rating.

Credit Ratings Definitions & FAQs

And here, you can see Moodys and Fitch and compare them...

 

Exactly. We still have the biggest GDP and GNI in the world. We've only stumbled not fallen.

 

HI-LARIOUS!

OMFG, I love it! thank you so much for the laugh!

 

Do you think of the US as an empire?

I prefer the term "great power," but yeah, over time what goes up must come down in terms of the international system.

 

Funny but totally true lol

 

"Great Power" I would say is the modern saying of it, so your term is spot on.

 

I guess the only true solution to boost the economy at this point is to legalize and tax "it".

 

That would be a start. An influx of brain cells would help. Tonight, a woman I've known slightly for years said she can't quite support Rick Perry (already a big red flat - Perry?? Governor Goodhair??), but that's she's decided to support Michele Bachmann because - she's the most intelligent person running.

I didn't know whether to defriend her or keep her on my friends list for laughs. :smt073

 

The rest of the world must already know how stupid we are electing people like that. Then again, Geert Wilders would be considered a savior.

 

China will be world's greatest economy by 2050 America should get ready to play second fiddle and i will be learning mandarin in the very near future

 

Just heard Moodys has given Canada a AAA rating.