LA downgraded by Moodys - California riskier than Kazakhstan

[Kassz007]

Californians elected an actor to run the state.........enough said.

 

[endsongs]

good points. It just seems like politicians want the status quo to continue until the economy is already falling off the cliff. Then, all of a sudden, the real size of the problem is seen when the "rescuers" arrive to save the day. Greece (with the CDS to hide tons of debt) is a great example of this.

 

[longleaf]

Quote from Kassz007:

Californians elected an actor to run the state.........enough said.

It's not the first time they'd ever done that. And the previous one went on to become President.

 

[Scataphagos]

I'd like to see Meg Whitman get elected and see what she would/could do... and perhaps be a model for the US as a whole...

 

[TGregg]

Quote from Scataphagos:

*heavy sigh*.. I understand. But what are they going to do... just keep escalating deficits on social spending, government workers salaries and benefits, a few wars... until we implode? THEN what?

Exactly. Then what? That's what everybody is trying to figure out. Once Then what? is figured out, one can position to protect themselves, if not profit from it. It'll suck to be part of the herd during Then what? Tough to feel any real pity for them though, since the herd is composed mostly of DFIs who caused the problem in the first place.

 

[TGregg]

I wonder how big our allowance from Uncle Sam will be once Then what? gets here.

 

[traderlux]

Quote from longleaf:

It's not the first time they'd ever done that. And the previous one went on to become President.

....and a damn good one at that....

....name me one elected pol that is not an "actor"....what do you think a lawyer is?.....

 

[bozwood]

Oh, you mean like the last time they were in power?

Quote from Scataphagos:

Which is why America needs for the Dems to lose the House in November... somebody has to tone down the spending... mandate some cuts, even.

 

[Scataphagos]

Quote from bozwood:

Oh, you mean like the last time they were in power?

Yes, like the last time when the were in power and EFF'D UP! The Repubs need to straighten up and start repairing the damage.

From your sarcasm, sounds like you are in favor of Obama's actions, that right?

 

[Scataphagos]

Quote from TGregg:

Exactly. Then what? That's what everybody is trying to figure out. Once Then what? is figured out, one can position to protect themselves, if not profit from it. It'll suck to be part of the herd during Then what? Tough to feel any real pity for them though, since the herd is composed mostly of DFIs who caused the problem in the first place.

News Flash! It's gonna suck for everybody... including 99% of those who are thinking they will cleverly avoid the carnage and not be among the body count...