Quote:
Originally Posted by jaysay
which is going to have no effect on this country what so ever, according the a professor of business who was interviewed on Breakfast TV. I'm sure it will be the end of the word as we know it in the Guardian. We now have a situation started By Labour being tackled by the coalition, under less favourable terms than Labour ever had. only two countries in the G7 nations still have AAA rating Canada and Germany so we are in good company. Lets face it though we could have had Ed Balls as chancellor, now that's a fate to worry about
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So, Labour was responsible for the last global economic meltdown
And I read that Osborne is not going to let this downgrading affect his policies? Oops ... that should have been "policy" ... cut here, cut there, cut everywhere.
Even the ususally conservative, small government yanks had the sense to bail out GM and Chrysler. And the present administration seems determined not to go for massive cuts without some complementary increases in spending and in taxes on the wealthy. Whatever kind of positive spin you try to put on the loss of the AAA rating, you can't deny it is a blow. And although you think you are in good company, it would still be a much better sign for your ailing economy if you were in company with us and the krauts.