Wednesday, May 16, 2012

The Credit Rating Lie (Standard and Poors Downgrade): Anderson Cooper, Liar on The Liar Network (Keeping Him Honest)

This particular LIE is becomng so engrained that the media has accepted it as "accepted truth".  Anderson Cooper, liar, stated it in that offhand way when describing the FALSE "debt ceiling" crisis. 

This is the statement:  "It appears that we are headed for exactly the same brinkmanship that led to the downgrade of the U.S. crfedit rating."  You may think this statement is "true".  It is NOT.  It is a LIE.  Now it is true that Standard and Poors, the very fallible private company which downgraded U.S. credit to NO EFFECT,   Europe has been so BAD that U.S. interest rates are as LOW as they could possibly be.  The interest rate on 10-year U.S. Treasury notes has recently been as low as BELOW 1.8%.  It is impossible to believe that the interest rate would be any LOWER if the U.S. had the HIGHERST credit ratig.  Yep.  No matter what Anderson Cooper OR the GOP tel you, the "downgrade" of the U.S. credit rating by Standard and Poors was MEANINGLESS.  People in the markets DOWNGRADED THE CREDIBILITY OF STANDARD AND POORS, by voting with their money.

However, that is not the MAJOR Anderson Cooper lie here.  Despite this Anderson Cooper/mainstream media mantra, Standard and Poors did NOT "downgrade" U.S. credit based on the debt ceiling debacle last year.  Standard and Poors said so in report on the downgrade. Sure, the political DEADLOCK was MENTIONED asa a negative, but the MAIN facotr was the DEBT of tgeh United States, and the failure to have nay long-term plan in place to address that debt.  It shows how STUPID the people of Standard and Poors are that they even mention a Long-term plan".  That is the Soviet Union (constant "5-year plans" that never happpened).  What we really need is IMMEDIATE ACTION on CURRENT SPENDING.  But Standard and Poors is the agency that "cowngraded" the United States a YEAR BEFORE it downgraded FRANCE.  Since the downgrade of the U.S., the MARKET has told lyou Standard and Poors got it exactly wrong (in terms of teh relative financial strrength of the U.S. and France) .Now Standard and Poors probably got it right that we are heading the way of GREECE, if we don't cahnge our ways, but that is not a matter of the DEBT CEILING DEBATE (teh Anderson Cooper LIE).  That is a matter of the U.S. NOT ADDRESSING OUR DEFICIT AND DEBT. 

No.  Anderson Cooper is a liar, on The Liar Network. (Keeping him honest)

P.S.  No proofreading or spell cehcking (bad eyesight).  Warning:  my typing gets WROSE as it gets late, hard as that is to believe (taht it could get worse).  Caveat Emptor. 

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