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Why Washington, Not Europe, Will Roil Markets for Rest of 2012

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Start thinking about a second credit rating downgrade before the election. Everyone shrugged off the first downgrade as a one time event. A second downgrade will really put doubt in people's minds as to whether or not Washington can really deal with our problems. Coupled with the downfall of Europe, this event will make our new recession worse.

alan of CO 10:57PM May 04, 2012

I think that it's time that Washington got it's @#$%^%$ act together before it's too late. The public knows that the entitlement(s) are too big - but the military is too big as well; we need a controlled reduction of BOTH. Likelihood is vanishingly remote IMHO...
I feel like a diesel mechanic trying to diagnose a gas turbine - what is it going to take to fix DC? Less theatrics and more planning and execution please!

US_Citizen of TX 7:58PM May 02, 2012