"S&P recently said that a 'watered down' package from the Super Committee would put downward pressure on the rating. Moodyâs said the outcome of the Super Committee would be informative but not decisive for its rating analysis."
In the real world when people fail to do their job they get fired. Why should this be any different? There needs to be a huge public push to vote every one of these self-serving shmucks out of Washington and into an orange apron at Home Depot. Forget OWS, it should be just "OW!" (... Washington).
Um, why do people think that the "automatic cuts" will happen? It is pretty clear that in the 13 months (I think) until the "automatic cuts" will take effect the law that mandates them will be changed.
Wathcing the metals. Looks like a flat day for tommorow. Wall Street does not really care what DC does they just work around them. It does make it easier to trade, it means keep your current positions on and sit back and wait. I don't hace much faith in anything getting done in in DC until afer the 2012 election. Any non decision will be used as political amunition for the debates. The Fed has few tools left in its toolbox and not alot of political backing. Welcome to Planet Misery, Akuma BUY MORE GOLD!!!!
Too bad someone can't sue for political malpractice! When they churn the usual endless BS, some hotshot lawyer and an official affronted citizen rip their lifetime pension and medical benefits away, AND makes him give back all his insider trading gains. Wouldn't that be sweet.
very simple-failed to act and do their job 'properly"? kick them ALL out without any benefits or salary or pension. ALL of them,regardless,who's fault that is..just like that. make sure that they all walk out of congress holding their shit in the plastic bin...just like everybody else,who's failed..
just vote the mukerfuthers out,all dems,all reps,dont ever vote for one again,time for the dinosaur to become extinct