Wed Jul 14, 2021, 08:02 AM
Soph0571 (9,685 posts)
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
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13 replies, 2683 views
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Author | Time | Post |
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Soph0571 | Jul 2021 | OP |
EYESORE 9001 | Jul 2021 | #1 | |
FalloutShelter | Jul 2021 | #2 | |
PortTack | Jul 2021 | #11 | |
Best_man23 | Jul 2021 | #3 | |
roamer65 | Jul 2021 | #5 | |
modrepub | Jul 2021 | #4 | |
mdbl | Jul 2021 | #6 | |
Scalded Nun | Jul 2021 | #7 | |
Rebl2 | Jul 2021 | #10 | |
Pepsidog | Jul 2021 | #8 | |
malaise | Jul 2021 | #9 | |
Cosmo Blues | Jul 2021 | #12 | |
jalan48 | Jul 2021 | #13 |
Response to Soph0571 (Original post)
Wed Jul 14, 2021, 08:07 AM
EYESORE 9001 (22,998 posts)
1. And yet the capitalistas cast their lot with repuQs
It’s as though they want everything to turn to shit. Are they holding gargantuan ‘short’ positions on every segment of the economy?
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Response to Soph0571 (Original post)
Wed Jul 14, 2021, 08:08 AM
FalloutShelter (10,391 posts)
2. And there it is.....
This is why I have thought all of this GQP vote fixing would eventually fail. 4 little words...
IT'S BAD FOR BUSINESS! ![]() |
Response to FalloutShelter (Reply #2)
Wed Jul 14, 2021, 10:57 AM
PortTack (29,645 posts)
11. Exactly..dictators and their cults have a very destabilizing affect on business
Response to Soph0571 (Original post)
Wed Jul 14, 2021, 08:16 AM
Best_man23 (4,444 posts)
3. I was asked this question in late December 2020
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. |
Response to Best_man23 (Reply #3)
Wed Jul 14, 2021, 09:41 AM
roamer65 (34,970 posts)
5. The Federal Reserve would monetize all of the debt dumped into the markets.
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. |
Response to Soph0571 (Original post)
Wed Jul 14, 2021, 09:41 AM
modrepub (3,243 posts)
4. We Really Need Budget Reform
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. |
Response to Soph0571 (Original post)
Wed Jul 14, 2021, 10:28 AM
mdbl (4,972 posts)
6. With dumbass repugs in charge, who would consider the U.S. a good risk
I certainly wouldn't
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Response to Soph0571 (Original post)
Wed Jul 14, 2021, 10:29 AM
Scalded Nun (1,153 posts)
7. They do not care what they do to the USA credit rating.
Response to Scalded Nun (Reply #7)
Wed Jul 14, 2021, 10:45 AM
Rebl2 (10,998 posts)
10. That was
my exact thought.
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Response to Soph0571 (Original post)
Wed Jul 14, 2021, 10:31 AM
Pepsidog (6,081 posts)
8. The strength of our institutions, courts, and governance is what allows
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?
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Response to Soph0571 (Original post)
Wed Jul 14, 2021, 10:34 AM
malaise (256,816 posts)
9. I don't think you get it
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. |
Response to Soph0571 (Original post)
Wed Jul 14, 2021, 11:04 AM
Cosmo Blues (1,989 posts)
12. This hair on fire
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
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Response to Soph0571 (Original post)
Wed Jul 14, 2021, 11:04 AM
jalan48 (13,692 posts)
13. The corporate state is concerned. More Trumpism could cost some their jobs as we move more toward
Monopoly Capitalism.
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