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| Name: |
Lifer
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| Subject: |
China's S&P Rating
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Date:
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8/9/2011 3:10:43 PM
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Like everyone else after the downgrade on Friday I heard a lot of BS about the rating and the rating system. The only thing that really interested me however, is that China, who has been buying our debt of late, has an S&P rating of AA-. That's AA minus where as we were just downgraded to AA+. How is it we are borrowing from someone with a lesser rating than ours? That makes NO sense. And even crazier is that we continue to pledge BILLIONS in foreign aide. So we borrow money to turn around and give away....
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| Name: |
water_watcher
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| Subject: |
China's S&P Rating
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Date:
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8/9/2011 3:14:33 PM
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It is because they are a communist country. And if Obama had his way, we would be as well. That is how Michelle turns him on ... just talking about that.
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| Name: |
GoneFishin
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| Subject: |
China's S&P Rating
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Date:
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8/9/2011 9:56:58 PM
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Reminds me of those with junk ratings who were able to borrow to buy a mcmansion and now are into foreclosure. China should love the downgrade as they can demand alittle more interest to loan us money. We are not exactly junk bond status. The Chinese are alot like ole Barnie...they are producers. Communist producers!!!!!!
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| Name: |
MrHodja
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| Subject: |
China's S&P Rating
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Date:
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8/9/2011 10:05:53 PM
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Strange...seems that the Chinese began to prosper when the "communist" government began to let people keep what they earn.....can you spell c-a-p-i-t-a-l-i-s-m?
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| Name: |
Barneget
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| Subject: |
GF and the rest of the mosquitoes
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Date:
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8/9/2011 10:48:07 PM
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Ah, such is the plight of the parasite. Sees their food source as the enemy. Bless their hearts......
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| Name: |
water_watcher
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| Subject: |
China's S&P Rating
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Date:
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8/10/2011 7:21:07 AM
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Do you ever read what you write or do research before you say something?
China is not negotiating a loan with the US where they can demand a "better rate" ... they are buying US Treasuries ... which the rate has fallen further since the downgrade ... so they are getting an even lower rate.
I think I speak for many when I say it is exhusting trying to educate a liberal.
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| Name: |
water_watcher
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| Subject: |
and jellyfish ...
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Date:
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8/10/2011 7:30:07 AM
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yes they are producers allowing sweat shops, no workers compensation, child labor ... oh the glory of communism.
BTW .. China banks require a minimum 40% down payment to buy property, including a home. Think that would fly in the US? Even 20% ... fact is the liberal policy under the CRA is what started the financial mess ... zero down, everyone should have a "right" to own a home even if they can not afford it. It was not the Mcmansions, as you say that created the problem. That was a symptom of the real problem created by CRA when it all started to collapse.
But we already educated you on that ... do your homework or you will not pass and get to move on. You see conservatives do not believe in just "passing" poor students like you. You actually need to learn something so we do not have to support you the rest of our lives.
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