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View Diary: CNBC: Fitch Puts US AAA Rating on Rating Watch Negative. Thanks to GOP Default Threat. (30 comments)

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  •  At this point... (4+ / 0-)

    ...I think it might be a good thing if some rating firms downgrade America. The fence sitters may need one last shock to make them realize just how bad it has gotten.

    •  I would disagree... (3+ / 0-)
      Recommended by:
      ZedMont, bwintx, Catte Nappe

      ... it's one thing to warn, it's another thing to actually do it.  If they actually lower our rating it's going to cost us a lot of money - real money.

      Looking through the bent backed tulips, To see how the other half lives, Looking through a glass onion - John Lennon and Paul McCartney

      by Hey338Too on Tue Oct 15, 2013 at 02:19:25 PM PDT

      [ Parent ]

    •  the actual costs of downgrades (1+ / 0-)
      Recommended by:
      Hey338Too

      get buried though,  how many news stations have been repeating wha the last downgrade has cost us to date?  

    •  yes.. maybe Koch folded his hand too late (0+ / 0-)

      poor fellow...

      I  imagine the downgrade would be rather irritating..

      Wall Street needs to connect with Main Street. Since they downgraded Main Street with all their mean spirited legislation at state levels and the Feds too.. why I think Wall Street really needs to adjust.

      What needs to be good for the one.. needs to be good for the other once more..

      what was the phrase??

      oh yeah   "what's good for General Motors is good for America"..

      that's why they opened the door to China in the first place...so our workers would be employed in plants making cars for them... long before outsourcing ended that.

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