Actual news instead of Obozo campaign bullshit:
Reuters reported that the credit rating agency Egan-Jones has in fact become the first rating agency to downgrade the U.S. rating.
Most of you understand the REAL reason for the downgrade:
...the cut is due the U.S. debt load standing at more than 100 percent of its gross domestic product. This compares with Canada, for example, which has a debt-to-GDP ratio of 35 percent, Egan-Jones said in a report sent on Saturday. [CANADA??]
If you believe Obozo and McConnell, your refrigerator will be empty tomorrow AND your mortgage-interest rate should go to 15%. Dow should drop to ~6,000 on Monday.
Or something.
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