Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Soph0571

(9,685 posts)
Wed Jul 14, 2021, 08:02 AM Jul 2021

Top Credit Rating Agency Warns Trump's 'Failure to Concede' and GOP Voter Suppression Could Tank

US AAA Status

“The failure of the former president to concede the election and the events surrounding the certification of the results of the presidential election in Congress in January, have no recent parallels in other very highly rated sovereigns,” Fitch declared, explaining its negative outlook warning. “The redrafting of election laws in some states could weaken the political system, increasing divergence between votes cast and party representation. These developments underline an ongoing risk of lack of bipartisanship and difficulty in formulating policy and passing laws in Congress.”
---
And it cited as one of three possible reason for a downgrade, “A deterioration in governance quality that undermines the integrity of the U.S. political system, with potential negative implications for the effectiveness of the government and institutions in managing the economy and absorbing adverse shocks.”

[link:https://www.thenewcivilrightsmovement.com/2021/07/top-credit-rating-agency-warns-trumps-failure-to-concede-and-gop-voter-suppression-could-tank-us-aaa-status/|]
Emphasis mine

Banana Republic Wannabees don't get a triple AAA... Economy is always going to influenced by governance and the big lie and authoritarian right wing governors who are running rampant across red states undermining democracy in every which way possible have international consequences as well
13 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Top Credit Rating Agency Warns Trump's 'Failure to Concede' and GOP Voter Suppression Could Tank (Original Post) Soph0571 Jul 2021 OP
And yet the capitalistas cast their lot with repuQs EYESORE 9001 Jul 2021 #1
And there it is..... FalloutShelter Jul 2021 #2
Exactly..dictators and their cults have a very destabilizing affect on business PortTack Jul 2021 #11
I was asked this question in late December 2020 Best_man23 Jul 2021 #3
The Federal Reserve would monetize all of the debt dumped into the markets. roamer65 Jul 2021 #5
We Really Need Budget Reform modrepub Jul 2021 #4
With dumbass repugs in charge, who would consider the U.S. a good risk mdbl Jul 2021 #6
They do not care what they do to the USA credit rating. Scalded Nun Jul 2021 #7
That was Rebl2 Jul 2021 #10
The strength of our institutions, courts, and governance is what allows Pepsidog Jul 2021 #8
I don't think you get it malaise Jul 2021 #9
This hair on fire Cosmo Blues Jul 2021 #12
The corporate state is concerned. More Trumpism could cost some their jobs as we move more toward jalan48 Jul 2021 #13

EYESORE 9001

(26,450 posts)
1. And yet the capitalistas cast their lot with repuQs
Wed Jul 14, 2021, 08:07 AM
Jul 2021

It’s as though they want everything to turn to shit. Are they holding gargantuan ‘short’ positions on every segment of the economy?

FalloutShelter

(12,173 posts)
2. And there it is.....
Wed Jul 14, 2021, 08:08 AM
Jul 2021

This is why I have thought all of this GQP vote fixing would eventually fail. 4 little words...
IT'S BAD FOR BUSINESS!


Best_man23

(4,953 posts)
3. I was asked this question in late December 2020
Wed Jul 14, 2021, 08:16 AM
Jul 2021

What would happen if TFG were successful in overturning the election results and was able to stay in power. I said at that time, and I still think this would be true if Republicants did this in the future, there would be major economic ramifications the likes this country has not seen since the blockade of Confederate states during the Civil War. Such sanctions could and would likely include product embargoes similar to those imposed on South Africa during the 1980s as a response to Apartheid. Many countries, including close allies, would most likely cease buying and in fact might just dump US Treasury bills on the open market. This one action would crash the US economy in short order.

The statement "Banana Republic Wannabees don't get a triple AAA" is spot on.

roamer65

(36,826 posts)
5. The Federal Reserve would monetize all of the debt dumped into the markets.
Wed Jul 14, 2021, 09:41 AM
Jul 2021

We wouldn’t have a debt crisis, but we would very possibly have a currency crisis.

The Bank of Japan has monetized most of the Japanese government debt.

modrepub

(3,535 posts)
4. We Really Need Budget Reform
Wed Jul 14, 2021, 09:41 AM
Jul 2021

There are no repercussions for voting no on any Federal budget. You can vote no, still receive your state/district's allotment and then crow to you constituents on how much government money you secured for them.

I'd like to see states and districts get a percentage lopped off their government allotment when their Senator or Representative votes no on a budget. Could make them more reasonable at the negotiating table when their vote actually impacts their constituents.

Pepsidog

(6,285 posts)
8. The strength of our institutions, courts, and governance is what allows
Wed Jul 14, 2021, 10:31 AM
Jul 2021

the USA to be the world’s reserve currency and pile on debt. The damage these republicans are undermining over 200 years of work to make America the leader of the free world and the place other countries rely upon to keep world order. So the demise of our country is going to come at the hands of the minority who rule over the majority because of the electoral college and gerrymandering. I guess if we allow it to happen we het what we deserve. Looks like China is poised to overtake us as we allow the Christian fascists and ignorant destroy what once was a great country with great values. Seems fitting that the start of America’s decline primarily began with Reagan and his immoral majority. Is Canada allowing immigration from the USA?

malaise

(272,008 posts)
9. I don't think you get it
Wed Jul 14, 2021, 10:34 AM
Jul 2021

The only thing that matters to the narcissistic Slobfather is that he is in charge -remember now only he can fix it. He must get his own way - anyone or anything in thet he way can die, be destroyed, bow up down or whatever.

To be kind he is raving mad and should be taken away in a strait jacket. And his enablers should also be locked up - sedition and treason are still crimes.

Cosmo Blues

(2,610 posts)
12. This hair on fire
Wed Jul 14, 2021, 11:04 AM
Jul 2021

Is coming at least a year and a half too early we've only had the government for 6 months, give us a little time see what we can do

jalan48

(14,052 posts)
13. The corporate state is concerned. More Trumpism could cost some their jobs as we move more toward
Wed Jul 14, 2021, 11:04 AM
Jul 2021

Monopoly Capitalism.

Latest Discussions»General Discussion»Top Credit Rating Agency ...