Stock market reports from Youtube | Stock market reports on Twitter

Stock Market Drop Not Caused By Credit Rating Downgrade? Video

Was the huge stock market drop on Wall Street caused because S & P downgraded the U.S. credit rating? Cenk Uygur sets the record straight.

The Largest Online News Show in the World.

Google+: http://www.gplus.to/TheYoungTurks

Facebook: http://www.facebook.com/tytnation

Twitter: http://twitter.com/intent/user?screen_name=theyoungturks

Subscribe: http://bit.ly/eWuu5i

Comments on "Stock Market Drop Not Caused By Credit Rating Downgrade?"

Earn money using a ...
Earn money using a computer program! Proven to work. 160eejmhnjna2iv4fg8kwwxo5p.hop.clickbank? . net/?

thanks?
thanks?

don't ignore the ...
don't ignore the fact that? our economy hangs on exports to communist china. if they stop buying we're screwed.

I? think this guy ...
I? think this guy is retarded.

Ron Paul will ...
Ron Paul will never? send Americans to fight & die for Israel & Jew

Wow Cenk,? that was ...
Wow Cenk,? that was b*ll-sh*t

ok lets try this ...
ok lets try this retard.. the economy is tanking because Obama is being puppeteered by the real retarded piece of s**t: John? Boehner. care to elaborate ??? didn't think so.

Cash for Clunkers. ...
Cash for Clunkers. TARP.? The not-so-stimulating stimulus. The car maker bailouts. And yes, the military. We've got soldiers scattered all over the globe for no reason.

Where is the money ...
Where is the money wasted? On the military? Social Security? Medicare? Medicaid? Those four plus interest payments are the majority of spending right there. I'm more concerned about the difference between spending and revenue than I am about the spending itself. Conservatives seem to be the other way around.?

"The government ...
"The government said 10% was the minimum, **therefore recommended rate**" You just didn't understand it was a minimum rate. You though it was a mandated rate and now your back tracking. Your flat out wrong kid. "because you have better means? to do so, and they decided to go with a higher rate" - Idiot. That's not even close to how a rate reserve fraction manifests. Your pride is disgusting, you were simply wrong and you can't face it. Drop this attitude while you're still young.

The government said ...
The government said 10% was the minimum, therefore recommended rate, recommending a favourable rate for them is as good as 'telling them'. Here, they said calculate it yourself? because you have better means to do so, and they decided to go with a higher rate (above 10% is nothing close to 3%???). What misunderstanding? ...... Twist my words because its such a good example? ...

"we trusted to let ...
"we trusted to let banks calculate their own reserve? ratios, it ended? up being more than the 10% the American government ***told*** U.S. banks to have" - Again, you're wrong. That 10% is a MINIMUM not a required amount - did you not know that?. Europe has rates of 3% and lower similar AUS and it didn't help. You have some pretty big misunderstandings. " just get on with your life, work hard and don't let the complex politics make you feel worthless." - Speak for yourself.

Enemy of Greece, ...
Enemy of Greece, Europe, & America ---- Jew 1. Goldman Sachs? CEO, Lyold Blankfein is Jew 2. IMF Deputy CEO, John?? Lisky is? Jew 3. Ex IMF CEO, Dominic Strauss is? Jew 4. World? Bank CEO, Robert Zoellick? is Jew 5. Ex World Bank CEO,? James Woolfesen is Jew 6. Fed Chairman,? Ben Bernanke is Jew 7. Ex Fed Chairman, Alan? Greenspan is Jew 8. Obama Treasury Secretary, Timothy Geithner is Jew 9. George Bush Treasury Secretary, Hank Paulson is Jew

Ouch, touched a ...
Ouch, touched a nerve there, did I? You have no arguments whatsoever against what I say so you stick to the middle school method: retort with words like "stupid" or "moron." Wow, that's some creative thinking. Here's my turn: stick your mom's head up your hairy a*****e and die of pain shock. And shut the f**k up, I'm not even bothering to read your brainless comments. Seriously, don't even waste? your already worthless time.

I would expect most ...
I would expect most people around this channel to believe that the Government helped the banks do what they did through deregulation? I don't want to get into a debate about that, but for example we trusted to let banks calculate their own reserve ratios, it ended up being more than the 10% the American government told U.S. banks to have. Deal with it means that if you are an American just get on with your life,? work hard and don't let the complex politics make you feel worthless.

this is the? truth ...
this is the? truth the media is full of s**t

this this this ?
this this this ?

@crankCINEMA " ...
@crankCINEMA "Don't forget that you have about 15 times..." No, mineral wealth it's not relative to population. It's luck of geology. Australia is the largest exporter of coal, iron ore, lead etc... not many countries can match that. "Because we weren't so reckless with our financial system " - What does that mean? The banks bankrupted themselves. "deal with? it" - I'm not American either and if I were that statement still would mean absolutely nothing.

We have our ...
We have our resources, you have yours. Don't forget that you have about 15 times more GDP, but 15? times the people, so its really in proportion. The big difference again is that we did not have a recession whereas other countries that were proportionally the same did. Because we weren't so reckless with our financial system and had a tax system that led us to a surplus in 07. You funded medicare and wars from excessive company taxes, now all of that has to be reduced, deal with it.

That's because your ...
That's because your country has small rather small population and huge mineral? deposits that are in insatiable demand. Take that away and you'd be in the same boat as many countries. Taxing individuals in an economy like US, UK completely ignores that 70%+ of jobs and GDP are from the retail sector.

My country has ...
My country has lower tax rates on businesses, and higher tax rates in individuals? and it seems to be working better since we didn't have a recession, deal with it.

lol your stupidity ...
lol your stupidity is beyond words.?

You make an ...
You make an excellent point. But unfortunately, im afraid we never will find a president that suits EVERY need our country has. It basically comes down to picking the lesser of two evils. However,? If Paul is elected as the republican frontrunner, then he has my vote.

That's the point, ...
That's the point, though. If the government would quit wasting money, there would be no need to raise taxes. I'm not saying? "starve the beast"....but we do need to stop it from getting so fat.

Even if you favor ...
Even if you favor spending cuts you should also support tax hikes or anything else that can reign in the deficit. It seems like most conservatives are focused only on spending cuts at the expense of the deficit and the general economy, as shown? by 'starve the beast' rhetoric and the recent refusal to raise revenue.

Unfortunately, ...
Unfortunately, though, the only way to reduce deficits within a reasonable time frame without cutting back on important things like R&D (not only military, but also medical and alternative energy--related) is to raise revenues. I'm sure Ron Paul knows a lot more about this than I do, but I just don't see why he couldn't raise revenues? (even if tax rates for the middle class remain untouched) *besides* decreasing spending. Deficits would decrease at a much faster rate.

That's true. I'm ...
That's true. I'm sure if we weren't in a huge debt crisis right? now, I would give my vote to Ron Paul and he would be the best possible candidate. But to refuse to increase revenues, purely based on ideology, when you are $15T in the red, that's not completely sensible. Obama is not the solution, either, and we definitely need somebody who will do something, at the very least. If it's Paul vs. Obama, I'm voting for Paul.

It may be made up. ...
It may be made up. I just assumed that Obama was right when he said that it would bring in around 700 billion over a decade. I've read other reports that said that it was in the high? 600's. In order for taxes to do any good at this point, they would have to raise EVERYONE'S taxes by 50%. What needs to happen is spending cuts. The government needs to stop buying everything on credit. Yes, Democrats AND Republicans.

Without the truth, ...
Without the truth, there can be no real morality, justice, equality, success, freedom, love, security, peace, spirituality or even survival. If you are? seeking the truth, search? "Truth Contest" in Google, then open The Present on the homepage and read what it says.

Ron Paul supports ...
Ron Paul supports slashing the military spending, not healthcare. Think about all the money that is going to the hole for all of our military activities overseas. Changing our foreign policies could save a substantial amount of money and put a noticeable dent on the debt we are currently dealing with. A smaller government with the abolish-ion of the federal gov't is what we? need.