Simple solution to the downgrade and the Market plunge

If Congress really wanted to strengthen the US economy and stave off a rout on Wall Street, they only need to get leaders of both parties (including the Tea Party) to hold a press conference to say they will include revenues, such as ending several loopholes and several unnecessary subsidies, and agree to change the way cost of living is calculated in Social Security, maybe even raise the cap, and fund a significantly sizable infrastructure bank, all of it first thing when they return in September. If they made a statement today and kept with it, we might get our rating back within months and the country would move to a sounder footing, possibly also helping the world economy. That is all we need to do. It is that simple. If we can’t even do that, then Standard and Poor might be right.

As much as everyone freaks out about any change in the cost-of-living calculation, the potential of another recession and a serious and lasting Stock Market plunge is far more detrimental to everyone. The same argument could be told to people on the right: the current dangers are far worse than the tiny increase in some taxes being put forth. What is so pathetic is that the solution is really so simple, but the political capacity to do it is so absent.

and looking good to its lunatic fringe base to do anything like that. This is why 2012 is so fucking important to me. I don't want to know what a Teabagger White House looks like. I don't want to know what a 7-2 GOP SC looks like. I don't want to know what a completely Teabagged Congress looks like. It would be absolutely disastrous for the economy. And we need to make sure we re-elect Obama and fill Congress with liberals so we have a shot at saving this economy. Only re-electing Obama, but keeping Teabaggers would do no good. Otherwise, we are totally screwed.

The Tea Party will block anything remotely progressive. And we are all suffering because of it. We need to fight to get them out of power. And we need to start now before it's too late.

it had been at a proper level to begin with. But that's not the case and Social Security is not the problem with our debt-running several wars is.



Strange how no one mentions that.:banghead:

the Market Drops are due the Slow Down of the European Economy
China fighting Inflation with increase in Interest Rates which
will automatically slow things down in China, Japan and Asia
slowing down. International reporters said the other countries
have factored in our Downgrade before the day started.

Wake up Wall St and Big Business. YOU HAVE FIRED AMERICANs
America for good or not so good, was the biggest market for
all the other countries. They sent their stuff here for Americans
to buy and buy we did until you fired us. OOOPs , what a
mess you have made, huh? Yes China India and Asia will be
great and hard to beat in 10 to 20 years. We darn well knwo
China and India are not ready to asorb all the buying power
the USA once had. Stop with the Lies. In your greed you
outsourced America and now no one has any customers.

Stop with America in Decline. We are still the envy of
the world and just look around. The world economies are
wobbling--Europe in slow motion, China and Asia having to
slown their overheated markets down with highr interest
rates, Get real S. America can only do so much.

No more fairy tales. Adjust your expectations for Wall St
downward. At some point Wall St and Main ST have to
be in step or we will really crash.

Austerity will only make the bad worse. Think about it.

Yep you fird the Worlds best customers.
CU