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If you are unfortunate enough to follow the media or be within earshot of CNN, you know that they added the Moody’s downgrade to their portfolio of economic doom and gloom stories. Interestingly, the media had very little interest in the previous downgrade by Fitch in 2023.
The Biden administration protested and blamed Fitch (much like the Obama administration had) and Yellen began claiming that the downgrade had really happened under Trump, but what was most striking is how little interest the media had in the story.
While the first downgrade by S&P under Obama had been widely covered, the Fitch downgrade went by so fast that unless you were in finance you may have never heard about it. That’s in stark contrast to the coverage for the Moody’s downgrade. (And there’s far more justice in assigning the downgrade to Biden than there was in Yellen pretending that a downgrade in 2023 was really Trump’s fault.)
But the rule of postmodern journalism is that bad news involving Republicans and other political enemies must be covered as widely as possible while news involving Democrats has to be covered up.
It was politically motivated. A sad day for Moody’s.
Moody’s can suck my dick. I’ll never see a penny I ever invested. Who knows who’ll cash in but it won’t be me.
The market is for suckers.
The average return a well-diversified portfolio of stocks, easily purchased through an S&P 500 index fund, has been close to 10% over the long run. Invest $3,000 for 30 years and you’ll have $52, 348. Invest $3,000 every year for 40 years and you’ll have $1,327,78.
Stocks lose money in 3 out of 10 years but more than make up for the losses in the other 7 years. The rule of thumb is that the longer your investment horizon, the larger the percentage of your portfolio should be in stocks.
Avoiding a total loss is easily achieved by investing in any mutual fund.
I know who cashes in. It’s those who have a long run perspective and ignore the inevitable ups and downs of the market.
There are 5 counties around Galveston, TX that have privatized Social Security. (For public employees only)
That experimental retirement system yields many benefits; pass on to kids, much more money than gov’t SS, but it’s most striking thing is . . . It’s SOLVENT.
Invest in what you understand. Investing is a calculated risk at best. Life is a calculated risk.
Vegas is a sucker’s game. Vegas is not a calculated risk. It’s losers’ holes.
Mutual funds though Vanguard and real estate is the least of the calculated risks. Sprinkle in a few CDs.
And the once homeless guy who lived in his car, is a multimillionaire decades later. Living the American dream.
The data provided is overwhelming, oh sorry, absolutely missing.
Trump didn’t make Social Security and Medicare the third rail of politics. He just increased the voltage.
Quick: name the Republicans who might not vote to renew the Trump tax cuts unless the SALT deduction is increased substantially? Let’s hope the GOP doesn’t once again squander the trifecta in government. Maybe, if the tax cuts are not renewed, the GOP can claim the vote in Congress was fraudulent.
I accept the assertion that the “role of postmodern journalism” is to make Republicans look bad and Democrats good. The role of too much right-wing journalism, not all, is to ignore Republican inconsistency. The Wall Street Journal justifiably criticizes big deficits regardless of who is in power. The consequence? We get the clueless claiming the Wall Street Journal is not a conservative publication. How dare they be critical of Trump!
What are the projected deficits going forward, even after DOGE? As a percent of GDP, are those deficits a recipe for a debt spiral or not? Demonstrate your economic bona fides. (Alternatively, just make some gay joke and pretend you’re not conspicuously avoiding unpleasant facts.)
Most Republicans and Democrats in Washington have zero credibility when it comes to fiscal responsibility. Remember the GOP’s politically successful “Contract with America,” which included a balanced budget provision? Suckers! You thought we were serious about that?
It was President Trump who called the printed-money, deficit-financed stimulus checks of $600 “measly.” He said it might take two terms to balance the budget. Here’s the progress he made in his first term, even when the unemployment rate hit 3.5% pre-pandemic partially thanks to lowering tax rates–> <–
It appears that Frontpagemag authors are "oddly uninterested" in the demonstrable fiscal irresponsibility of the GOP at the federal level. I don't think my children and grandchildren will care which party saddled them with a "huuuuge" national debt and unfunded liabilities. Maybe President Trump can just state "unfunded liabilities and huge national debts are two of the most beautiful phrases." and that will solve the problems.
richard johnston:
You’re claim “the demonstrable fiscal irresponsibility of the GOP at the federal level” is a deceptive half truth. The who truth is that both parties are equally fiscally irresponsible. Democrats more so than republicans but the impartial facts render that a moot point
But I presume that you have an ax to grind with the republicans and hence the deception. Understandable but you’re looking at the issue with tunnel vision.
I on the other hand am a registered independent. To me, republicans are as equally contemptible as democrats.
Moreover, in the interest of full disclosure, I was once a life long republican until circa, 2003 when GWB, neocons and RINOs compelled me to leave the party in disgust.
(I don’t like forever wars or expanding US debt and deficits, shipping American manufacturing and jobs abroad and looking the other way while our country is being invaded, among other things but I digress.)
I’ve been a registered independent every since and have zero regrets. It’s one of the most astute things I’ve ever done in life.
Moody’s is a joke, that’s why the markets didn’t react. They rated Lehman Bros AAA two days before they went bankrupt. The Biden administration said the amount of debt and deficits didn’t matter and they could print and spend limitless amounts of money. Now barely 100 days into an administration that is actually trying to do something about it and they downgrade. Again, a total joke.
Exactly! And enemies of America.
Of course they weren’t. The mission is to destroy Trump by any means necessary. There could be a two mile wide asteroid headed directly for the center of the country and the media wouldn’t bother covering it. Why? Because the mission is to destroy Trump. Everything else takes a back seat.
At the same time, Trump could announce that that asteroid is going to hit the center of the US and everyone should evacuate the area. The MSM would immediately call it a hoax and accuse him of being a liar. The dems would call for him to be impeached. In the aftermath, they’ll also blame Trump for the asteroid hitting the US.
I did not know until today Moody’s rated politicians. If Moody’s was not biased and bought by the demoncraps, they would have rated Trump 45 as stellar, President Donald J, Trump as a Knight Excalibur! Trump 47 and POTUS 47 Stellar Cabinet Knights Excalibur as anything but stellar.
So Moody’s should be called Poody’s because they are equal to our morning dumps