Today, S&P downgraded Spain's long-term sovereign rating from AA+ to AA. Yesterday, Greece's long-term sovereign credit rating was downgraded from BBB+ (which is investment grade) to BB+ (which is 'junk' status). Portugal's rating was downgraded two notches to A-.
The USA currently has a Aaa rating but, earlier this year, Moody's warned that continued pursuit of Obamanomics, see plot below, would threaten that rating.
PREVIOUSLY on the subject of Obamanomics and how it differs from economics:
• Obamanomics prolonging the recession
•US Aaa bond rating threatened by Obama's budget says Moody's
•Obamanomics illustrated II
•How Dems are prolonging the recession
•How Obamanomics destroys jobs
•Obamanomics illustrated
•Deficits: Obama goes where no man has gone before (illustration)
•How to raise the standard of living
•Obama's anti-intellectual economic theory
•Obamanomics and the test of science
•Obamacare may raise insurance costs by 54%
•Harvard economist explains why Obamacare will raise premiums
•HHS says Obamacare will cause costs to go up and cause employers to drop coverage
The USA currently has a Aaa rating but, earlier this year, Moody's warned that continued pursuit of Obamanomics, see plot below, would threaten that rating.
PREVIOUSLY on the subject of Obamanomics and how it differs from economics:• Obamanomics prolonging the recession
•US Aaa bond rating threatened by Obama's budget says Moody's
•Obamanomics illustrated II
•How Dems are prolonging the recession
•How Obamanomics destroys jobs
•Obamanomics illustrated
•Deficits: Obama goes where no man has gone before (illustration)
•How to raise the standard of living
•Obama's anti-intellectual economic theory
•Obamanomics and the test of science
•Obamacare may raise insurance costs by 54%
•Harvard economist explains why Obamacare will raise premiums
•HHS says Obamacare will cause costs to go up and cause employers to drop coverage
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