But that does not dispute the fact that the US needs to clean up mess. And > > surely a lot of mess !!
You bet, people want to pay less tax and want more benefits !! Economy is not growing.. where will the money come from :-) look around , it's alarming ... 1. Israel - protests around the country over price rise. http://globalpublicsquare.blogs.cnn.com/2011/08/09/will-the-protests-in-israel-bring-down-netanyahu/?hpt=hp_bn2 2. Spain,Greece, Portugal - have experienced protests and rioting in reaction to government austerity programs and bad economic conditions. 3. Phillipines - workers are demanding higher pay 4. China - Cab drivers are protesting rising price of gas. Inflation - food prices have increased by 10% 5. UK - stunning images of riots all over. I was watching BBC , there is anger in UKs urban poors for years.It has now exploded. 6. Arab spring revolt 6. India - great Indian tamasha on Lokpal continues ! ttyl > Date: Tue, 9 Aug 2011 19:03:36 -0500 > From: assa...@gmail.com > To: utpal_bra...@yahoo.com; assam@assamnet.org > Subject: Re: [Assam] S&P President Deven Sharma's comments after downgrade of > the U.S. triple-A credit rating > > Hehehe, Utpal... took the words outtamymouth :-) > > While Desi born CEOs and Presidents don't have to be Republicans or Dems, > they are susceptible to the same errors (?), and often laced with bottom > line numbers :-) > > > > > > On Mon, Aug 8, 2011 at 11:40 PM, Utpal Brahma <utpal_bra...@yahoo.com>wrote: > > > Isn't it the same S & P who had ranked the mortgage backed securities with > > AAA status that brought about the economic debacle? Isn't it the same S & P > > that awarded Lehman Brothers with AAA till the last moment. > > > > Sure they do have credibility !!!! > > > > But that does not dispute the fact that the US needs to clean up mess. And > > surely a lot of mess !! > > > > > > > > ________________________________ > > From: Dilip Deka <dilipd...@yahoo.com> > > To: A Mailing list for people interested in Assam from around the world < > > assam@assamnet.org> > > Sent: Monday, August 8, 2011 10:02 PM > > Subject: Re: [Assam] S&P President Deven Sharma's comments after downgrade > > of the U.S. triple-A credit rating > > > > Do you think Deven Sharma is a republican in disguise trying to throw Obama > > out? > > Or is he in league with Obama to put the blame on the republicans in the > > house? > > Or is he a realist calling things as they really are? > > We have enough economists in the net who can comment on it if they want to > > educate us. > > Thanks, > > Dilip Deka > > ======================================================================= > > S&P President: We Have No Political Agenda > > Published: Monday, 8 Aug 2011 | 5:14 PM ET > > Text Size > > By: Margo D. Beller > > Special to CNBC.com > > > > > > > > * Twitter > > * LinkedIn > > * More Share > > * > > > > Standard & Poor's CEO defended his company's downgrade of the U.S. triple-A > > credit rating, saying S&P had no political agenda and was not > > overcompensating for missing the subprime mortgage mess that precipitated > > the current economic situation. > > "Our role is to call the risks objectively, with transparency, and that’s > > what we try to do to fulfill our role and that’s what our job is for the > > benefit of investors," Deven Sharma told CNBC Monday. > > He pointed out that going from a triple-A to double-A-plus rating "doesn’t > > mean [the U.S. is] going to default, it just means its more risky today than > > a year ago." > > S&P factored in the political process because it "speaks to how the fiscal, > > economic and monetary choices are being made," Sharma said, adding he was > > pleased by President Obama's speech today addressing the need for U.S. > > lawmakers to have a new sense of urgency to tackle long-term deficit > > spending. > > S&P's view was based on a number of factors including projections of rising > > debt levels. Sharma said despite cuts mandated by last week's debt-ceiling > > legislation, the U.S. 2015 debt level will be $14 trillion, or 25 percent > > higher than today. "The fact is, the debt levels are still doubling from > > where we are today and that is an issue to address," he said. > > He said S&P regretted its part in the subprime mortgage mess. "Clearly the > > housing declines were much more severe than we forecasted or anticipated," > > he said, and the rating agency has "made many changes in putting new checks > > and balances in our organization. We are committed to the reform process." > > Sharma said the drop in markets Monday was not necessarily a reflection of > > the S&P downgrade. > > "The market reacts in many ways, sometimes unexplainable, but our ratings > > really address the fundamentals of the creditworthiness," he said. "The > > market could be reacting to the fact there is a slowdown in economic growth. > > It could be reacting to what’s happening in Europe. It could be what’s > > happening in the U.S. There are multiple factors that...contribute to how > > the market reacts." > > > > ________________________________ > > From: Ram Dhar <ramd...@hotmail.com> > > To: assam@assamnet.org > > Sent: Monday, August 8, 2011 8:08 PM > > Subject: [Assam] S&P President Deven Sharma's comments after downgrade of > > the U.S. triple-A credit rating > > > > > > > > > > Read and watch Deven Sharma's comment on the downgrade which has sent > > shock waves across global financial market. > > > > http://www.cnbc.com/id/44062256 > > _______________________________________________ > > assam mailing list > > assam@assamnet.org > > http://assamnet.org/mailman/listinfo/assam_assamnet.org > > _______________________________________________ > > assam mailing list > > assam@assamnet.org > > http://assamnet.org/mailman/listinfo/assam_assamnet.org > > _______________________________________________ > > assam mailing list > > assam@assamnet.org > > http://assamnet.org/mailman/listinfo/assam_assamnet.org > > > _______________________________________________ > assam mailing list > assam@assamnet.org > http://assamnet.org/mailman/listinfo/assam_assamnet.org _______________________________________________ assam mailing list assam@assamnet.org http://assamnet.org/mailman/listinfo/assam_assamnet.org
