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The $2 trillion error not withstanding, S&P noted that we did not make the $4 trillion in cuts that they were looking for, and that much of the cuts we did plan on making were to come years from now under different presidents and different congresses. They have understandably lost faith that our idiots in washington can get things done and carry it out. When the president & congress promises cuts over 6 years from now, does anyone seriously thing they will happen?
Error or not, after August 2nd the dow dropped like 700 pts. People knew this was coming.
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