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Standard and Poor’s vindicates Tea Party with downgrade of U.S. Debt.

Written by a member's brother. Good piece! Darla

P.S. If you  aren't watching the Response in Houston on live stream then you are missing out. The link is on the Home front page here.

Standard and Poor’s vindicates Tea Party with downgrade of U.S. Debt.

While the Tea Party gets slated as a bunch of extremists, the truth is they're a legitimate mass movement. And they've just been proved right.

John Vax

Written by John Vax on 6 August 2011 at 11am

1 2 3 4 5

Save capitalism. The message is simple.  
Save capitalism. The message is simple.

First off, I should start with a caveat. I have no love for the ratings agencies.

They have had a pretty miserable track record at performing their primary function, which is to assist investors in assessing the risks of bonds issued by governments and corporations by assigning a rating. 

They are often way behind the curve when it comes to spotting issuers who are getting into trouble or they get it completely wrong from the start, like they did with ratings on portfolios of mortgages and sophisticated financial instruments known as collateralised debt obligations (CDOs).

That being said, late Friday evening, one of the major credit ratings agencies, Standard and Poor’s, downgraded the debt of the United States from its “triple A” rating to “double A plus” while maintaining a negative outlook.

This downgrade, the first downgrade of US debt below AAA since the foundation of the agencies, increases the chorus of critics of Washington’s borrowing and spending practices.

 

Don't Miss the Rest of this good article...click Here:

http://www.thecommentator.com/article/351/standard_and_poor_s_vindi...

Tags: and, congress, credit, donwgrade, poors, stand, teaparty

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Ditto for all stated
Personally I thought the name Progressive was a dead give away!
My friend, The term Progressive, is an acronym for Communism.
I have followed in your footsteps exactly.I also contacted them to let them know...
Don't forget HBO provides Bill Maher's ridiculous show. In a call to cancel my HBO subscription, I let my cable company know in no uncertain terms I was cancelling HBO because of Maher. Ironically, Maher's show has received a number of awards - of course, from the liberal award shows and that is probably why they continue to sponsor him. If more people cancel they will get the message, too. 
I read somewhere that George Soros owns or partly owns liberal Progressive Insurance.  I agree with your post. 
Beverly...here where I live the newspaper circulation has gotten so bad that now they set up a table in the grocery store when you walk in they try to sell you a subscription. Ahhh but being the smartass that I am I tagged one of them one day. He asked me..."Sir would you like to start a subscription to the paper "? I said..." No thank you I don't have a cat or a parakeet." He said.."Why would you say that "? I said..."Well the only thing your paper is good for is lining the bird cage or the litter box "!  I'll never forget that look on his face.....hahahaha I can still see it !
Yes!  It is through the support of the advertisers that we keep the filth spewing!  I'll try to do my part, but it has to be across the board....everyone, not just one.
Thank you.  I always make mental notes to avoid the products and services marketed by those sponsoring the vitriol and propaganda on the left leaning cable networks.  And I would never buy a copy of the NY Times or even take the free ones often provided by some hotels. We didn't lose our country to these strangers in a day and we won't take it back in a day either, but every dollar directed away from those who support Obama and the left is a statement and millions people simultaneously making the same statement is a popular movement that will have significant economic impact. While you're at it, look at every label of every product you purchase and try buying something other than Chinese.  It's tough, but it can usually be done.
John, my 13 year old granddaughter makes it her "duty" to check where things are made before we buy it. However, it seems that most of the time we can't help it; but we try.

I got an e-mail some time ago, that if you look up the Bar Codes, if it Starts with 06. it is made in America. But this Lets me Buy for MADE IN AMERICA!

 

GS1 Prefixes do not provide identification of country of origin for a given product. They simply provide number capacity to different countries for assignment from that location to companies who apply. Those companies in turn may manufacture products anywhere in the world.

The management of the GS1 System is carried out locally by GS1 Member Organisations established in over 100 countries. GS1 Member Organisations use their assigned prefix to allocate GS1 Company Prefixes to their member companies to enable them to create GS1 Identification Keys.

 

ASSIGNED GS1 PREFIXES

000 - 019 GS1 US
020 - 029 Restricted distribution (MO defined)
030 - 039 GS1 US
040 - 049 Restricted distribution (MO defined)
050 - 059 Coupons
060 - 139 GS1 US
200 - 299 Restricted distribution (MO defined)
300 - 379 GS1 France
380 GS1 Bulgaria
383 GS1 Slovenija
385 GS1 Croatia
387 GS1 BIH (Bosnia-Herzegovina)
389 GS1 Montenegro
400 - 440 GS1 Germany
450 - 459 & 490 - 499 GS1 Japan
460 - 469 GS1 Russia
470 GS1 Kyrgyzstan
471 GS1 Taiwan
474 GS1 Estonia
475 GS1 Latvia
476 GS1 Azerbaijan
477 GS1 Lithuania
478 GS1 Uzbekistan
479 GS1 Sri Lanka
480 GS1 Philippines
481 GS1 Belarus
482 GS1 Ukraine
484 GS1 Moldova
485 GS1 Armenia
486 GS1 Georgia
487 GS1 Kazakstan
488 GS1 Tajikistan
489 GS1 Hong Kong
500 - 509 GS1 UK
520 - 521 GS1 Association Greece
528 GS1 Lebanon
529 GS1 Cyprus
530 GS1 Albania
531 GS1 MAC (FYR Macedonia)
535 GS1 Malta
539 GS1 Ireland
540 - 549 GS1 Belgium & Luxembourg
560 GS1 Portugal
569 GS1 Iceland
570 - 579 GS1 Denmark
590 GS1 Poland
594 GS1 Romania
599 GS1 Hungary
600 - 601 GS1 South Africa
603 GS1 Ghana
604 GS1 Senegal
608 GS1 Bahrain
609 GS1 Mauritius
611 GS1 Morocco
613 GS1 Algeria
615 GS1 Nigeria
616 GS1 Kenya
618 GS1 Ivory Coast
619 GS1 Tunisia
621 GS1 Syria
622 GS1 Egypt
624 GS1 Libya
625 GS1 Jordan
626 GS1 Iran
627 GS1 Kuwait
628 GS1 Saudi Arabia
629 GS1 Emirates
640 - 649 GS1 Finland
690 - 695 GS1 China
700 - 709 GS1 Norway
729 GS1 Israel
730 - 739 GS1 Sweden
740 GS1 Guatemala
741 GS1 El Salvador
742 GS1 Honduras
743 GS1 Nicaragua
744 GS1 Costa Rica
745 GS1 Panama
746 GS1 Republica Dominicana
750 GS1 Mexico
754 - 755 GS1 Canada
759 GS1 Venezuela
760 - 769 GS1 Schweiz, Suisse, Svizzera
770 - 771 GS1 Colombia
773 GS1 Uruguay
775 GS1 Peru
777 GS1 Bolivia
778 - 779 GS1 Argentina
780 GS1 Chile
784 GS1 Paraguay
786 GS1 Ecuador
789 - 790 GS1 Brasil  
800 - 839 GS1 Italy  
840 - 849 GS1 Spain  
850 GS1 Cuba
858 GS1 Slovakia
859 GS1 Czech
860  GS1 Serbia
865 GS1 Mongolia
867 GS1 North Korea
868 - 869 GS1 Turkey
870 - 879 GS1 Netherlands
880 GS1 South Korea
884 GS1 Cambodia
885 GS1 Thailand
888 GS1 Singapore
890 GS1 India
893 GS1 Vietnam
896 GS1 Pakistan
899 GS1 Indonesia
900 - 919 GS1 Austria
930 - 939 GS1 Australia
940 - 949 GS1 New Zealand
950 GS1 Global Office
951 GS1 Global Office (EPCglobal)
955 GS1 Malaysia
958 GS1 Macau
960-969 Global Office (GTIN-8s)
977 Serial publications (ISSN)
978 - 979 Bookland (ISBN)
980 Refund receipts
981 - 983 Common Currency Coupons
990 - 999 Coupons
Note: From the 960 prefix range, 9600 to 9604 have been assigned to GS1 UK for GTIN-8 allocations. Prefixes not listed above are used by GS1 Global Office for number allocations in non-member countries and reserved for future use.
The pain I am feeling is about 30" below my head.

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