Which candidate do you think has the better chance of taking America from it's current AA credit rating back to it's original AAA credit rating,. Romney or Obama ??
Mr Chin
2012/08/03 06:52:59
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25 votes
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45% | ||
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8 votes
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14% | ||
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23 votes
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41% | ||
Top Opinion
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Hula girl - Friends not Fol... 2012/08/03 07:36:24Romney can restore our Triple A credit rating
+8Obama will drag us to an F rating if elected again! He's the only one to get us down graded.
IT IS WHAT HE DOES.
Romney was elected Governor of Massachusetts in 2002 but did not seek re-election in 2006. During his term HE PRESIDED over the ELIMINATION of a projected $3 BILLION DEFICIT.
NOBODY mentions that he did (of course) receive an inheritance when his father passed away....BUT DONATED ALL of it...quote "In this case I gave it to a school which Brigham Young University established in his (his fathers) honor. ... And that’s where his inheritance ended up."
NOBODY mentions that when he was brought on to the 2002 Winter Olympics and Paralympics, that at the time the venue was almost $380 million IN THE HOLE.
He had to ensure the safety of the Games following the September 11, 2001 terrorist attacks, and coordinatied a $300 million security budget.
He oversaw a $1.32 BILLION (with a B) dollar budget, 700 employees, and 26,000 volunteers..., (only slightly larger than ACORN...I know)
The 2002 Olympiad ended up CLEARING a PROFIT of $100 million.
AGAIN.., HE PERSONALLY contributed $1 million to the Olympics, and HE DONATED to charity the $1.4 million in salary and severance payments he received for his three years as president and CEO.
Romney should put Ron...
IT IS WHAT HE DOES.
Romney was elected Governor of Massachusetts in 2002 but did not seek re-election in 2006. During his term HE PRESIDED over the ELIMINATION of a projected $3 BILLION DEFICIT.
NOBODY mentions that he did (of course) receive an inheritance when his father passed away....BUT DONATED ALL of it...quote "In this case I gave it to a school which Brigham Young University established in his (his fathers) honor. ... And that’s where his inheritance ended up."
NOBODY mentions that when he was brought on to the 2002 Winter Olympics and Paralympics, that at the time the venue was almost $380 million IN THE HOLE.
He had to ensure the safety of the Games following the September 11, 2001 terrorist attacks, and coordinatied a $300 million security budget.
He oversaw a $1.32 BILLION (with a B) dollar budget, 700 employees, and 26,000 volunteers..., (only slightly larger than ACORN...I know)
The 2002 Olympiad ended up CLEARING a PROFIT of $100 million.
AGAIN.., HE PERSONALLY contributed $1 million to the Olympics, and HE DONATED to charity the $1.4 million in salary and severance payments he received for his three years as president and CEO.
Romney should put Ron Paul in Bernanke's chair...and let him AUDIT the FED...and either fix it...or eliminate it.
What a 'moron' as he is being labeled by the progressives..
right now we need more 'morons' like this...
and less 'community organizers'.
RP maybe GJ
Maybe worse.
2. Gary Johnson
3. Virgil Goode
Not that I really care about Moody's & co, but Romney would outsource more jobs, and raise unemployment in America. More bubbles waiting to burst, commercial property, student loans etc. But Romney is only interested in cutting taxes paid by the rich - especially since the government of the Cayman Islands has just decided to tax foreigners.
Ron Paul might restore it somewhat faster.
Again? No thanks.
Nothing is getting fixed because neither party has any intention of fixing anything.
They are still picking at the carcass.
People and countries can't be statistically analyzed like dice, they are learning and dynamic systems where past behaviour is no indication of future performance.
More often than not their ratings cause a procyclic (self fulfilling prediction) process to occur as goalposts keep moving.
For example: an individual, company or government receive the same figures as the CRA on the same day. Both start their analyses and complete them at the same time. The individual, company or government make budgetary changes in order to make a "course correction" of their financial woes, at the same time the CRA issues a report and downgrades their credit rating. This has the effect of increasing the interest rate on the candidate and renders the budget they have just completed useless.
This culminates in a downward spiral where the borrower starts chasing their tales trying to get ahead of the curve in an attempt to beat the interest rates, which even for a country can rise as high as 27%...
It is a dirty little rabbit hole....