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Harley-Davidson, Inc. Message Board

  • fishnman1973 fishnman1973 Sep 20, 2012 7:14 AM Flag

    US credit rating downgraded again thanks obama and bernanke

    CNBC Sept 14 2012 - US credit rating cut by Egan-Jones again.
    Obama administration "pumping" or overprinting money is blamed
    for the credit downgrade to AA- from AA.
    S&P also rates US credit at AA-, and Moodys Investor Service also downgraded
    US credit last year and will do again if the Democrat majority
    Senate does not pass a budget. (The republican House has passed
    several budgets only to be blocked by Democrats in the Senate)

    The US has long enjoyed a AAA credit rating until two years after
    Obama was in the White House.

    Any money assets you have will lose value even stocks as the stock cap gains must exceed inflation and taxes just to break even. Devaluing money is a way for government to spend the money stuffed in your pillow because it will keep losing value from the inflation they caused. This is the behavior similar to a 3rd world country, a banana republic. Maybe I should buy Harleys with my lifelong savings!

38.71-0.59(-1.50%)4:02 PMEST