[Vision2020] CNN Breaking News

[Donovan Arnold]

I know not all three credit agencies will. Moody's has already said it will not. I am not suggesting it won't have an impact. I am simply saying it will take more to motivate people to do more to fix the country and the economy. I don't think people are going to change their habits, including investing in the US economy. I think retirement is in the far back reaches of people's minds right now, they are worried about the here and now. 
 
Donovan Arnold

From: Tom Hansen <thansen at moscow.com>
To: Donovan Arnold <donovanjarnold2005 at yahoo.com>
Cc: Moscow Vision 2020 <vision2020 at moscow.com>
Sent: Friday, August 5, 2011 8:13 PM
Subject: Re: [Vision2020] CNN Breaking News


This downgrading, if adopted by the other two rating firms, has more of an adverse impact than you suggest, Mr. Arnold.

Do you realize that most, if not all, 301Ks are committed to investments with AAA ratings ONLY?

The result could be catastrophic 


Seeya round town, Moscow.

Tom Hansen
Moscow, Idaho

"The Pessimist complains about the wind, the Optimist expects it to change and the Realist adjusts his sails."

- Unknown


On Aug 5, 2011, at 18:57, Donovan Arnold <donovanjarnold2005 at yahoo.com> wrote:


The good thing about a democracy is you get what you voted for. And the bad thing about democracy is you get what you voted for. Unfortunately, it is going to take much more than a downgrade of AAA to AA+ from S&P to make the American people respond to this economic crisis. I heard on NPR today that only 58% of the adult US population is employed. Scary! 
> 
>Donovan Arnold
>
>
>From: Tom Hansen <thansen at moscow.com>
>To: Moscow Vision 2020 <vision2020 at moscow.com>
>Sent: Friday, August 5, 2011 7:17 PM
>Subject: [Vision2020] CNN Breaking News
>
>Read on, V-Peeps.
>
>More "good" news to pass on to the Tea Party stench, the cause behind this
>downgrade.
>
>http://money.cnn.com/2011/08/05/news/economy/downgrade_rumors/index.htm
>
>The downfall of the market this week may foreshadow things to come.
>
>Seeya round town, Moscow.
>
>Tom Hansen
>Moscow, Idaho
>
>"Believe we're gliding down the highway
>When in fact we're slip slidin' away."
>
>- Paul Simon
>
>
>---------------------------- Original Message ----------------------------
>Subject: CNN Breaking News
>From:    "CNN Breaking News" <BreakingNews at mail.cnn.com>
>Date:    Fri, August 5, 2011 5:31 pm
>To:      textbreakingnews at EMA3LSV06.TURNER.COM
>--------------------------------------------------------------------------
>
>
>Rating agency Standard & Poor's says it has downgraded the U.S. credit
>rating to AA+ from its top rank of AAA.
>
>Rating agencies analyze risk and give debt a "grade" that reflects the
>borrower's ability to pay the underlying loans.
>
>The safest bets are stamped AAA. That's where U.S. debt stood for years.
>
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