Unheard: Moody's says USA might lose AAA rating

raumvogel · Post by **raumvogel** » Sun Aug 07, 2011 1:53 am

Your surprised? The government has been using "delaying tactics" since Reagan.

peet · Post by **peet** » Sun Aug 07, 2011 2:11 pm

Interesting.

If the article is true, not one of the hottest jobs in the USA deals with the production of goods, were are the factory workers, the craftsmen?

Health workers (for elderly), truck drivers, email spammers and financial rip-our-clients-money are in high demand. Mobile app coders have to compete with low salary countries.

http://finance.yahoo.com/blogs/power-your-...-184644468.html

Makida · Post by **Makida** » Sun Aug 07, 2011 4:35 pm

Is that unusual? In every developed economy, the service sector is a much bigger chunk of the economy than manufacturing -- isn't that where you'd expect the growth to lie?

raumvogel · Post by **raumvogel** » Mon Aug 08, 2011 12:24 pm

peet wrote:QUOTE (peet @ Aug 7 2011, 10:11 AM) Interesting.

If the article is true, not one of the hottest jobs in the USA deals with the production of goods, were are the factory workers, the craftsmen?

Health workers (for elderly), truck drivers, email spammers and financial rip-our-clients-money are in high demand. Mobile app coders have to compete with low salary countries.

http://finance.yahoo.com/blogs/power-your-...-184644468.html

Most articles like that are BS. They want people to think jobs are available in those sectors so they will pay for education. What ever happened to the good old days when a company would hire you, then promote you when you finished an education in that field. As far as I'm concerned they all went bye-bye along with the manufacturing jobs. I work for a company that collects on student loans.Everyone still owes for their education...few can pay.

lexaal · Post by **lexaal** » Mon Aug 08, 2011 6:52 pm

obi: "I like burgers No matter what a rating agency says, we've always been and will continue to be a AAA country"
prez. bungabunga "I like spagetti and no matter what a rating agency says, we've always been and will continue to be a AAA country".
Πρωθυπουργών "I like sokrates and no matter what a rating agency says, we've always been and will continue to be a triple-alpha country".

Post by **BackTrak** » Mon Aug 08, 2011 8:24 pm

We should immediately revoke U.S. based rating agencies as independent entities. From here on out we will only be rated by nations who have bought our debt.

Then we'll probably get a fourth A tacked on the end of our glorious rating string.

How better to grow your investment, than to tell everyone else how awesome it is so they buy some too?

Wheeeeeee!!!

NightRychune · Post by **NightRychune** » Mon Aug 08, 2011 8:48 pm

this is my favorite comment about this so far

QUOTE I don't want this to unwind over decades; I want it to end in just a couple of years, which means impoverishing what's left of the middle class so that they get angry much much faster. I still haven't seen a decent manifesto though (except maybe in college philosophy class) so with that said we still might need to wait a bit to formulate a decent plan.[/quote]

Broodwich · Post by **Broodwich** » Mon Aug 08, 2011 8:51 pm

i would totally thumbs up an exterminatus on DC

NightRychune · Post by **NightRychune** » Tue Aug 09, 2011 2:55 am

i'll just leave this here

http://slouchingcolumbia.wordpress.com/201...-and-austerity/

MrChaos · Post by **MrChaos** » Tue Aug 09, 2011 5:33 am

Food for thought

So when even mild, and they where milquetoast, budget reform causes rioting in the streets of London, what will happen when a billion exploited workers with a rich and varied history of revolution watch their life savings go BOOM! in the worlds biggest ponzi scheme done by their own government?

It should be interesting time