Will the recent downgrading of the U.S. credit rating have a negative effect on manufacturing?
“It will make it more difficult for companies that operate internationally but are based in the U.S. to get credit to buy raw materials and other items for manufacturing.”
“Seems unlikely, but money thinks in unpredictable ways.”
“S&P is only one organization rating credit. There are two others who have not budged. Our economy, while very slow, is still relatively very healthy.”
“Manufacturers will fiend new markets. The world is big enough that can run without the U.S.”
“The credit downgrade will have a negative effect on just about everything, including the image of the U.S. To manufacture anything, you need to borrow money, and you need an excellent credit rating to get the best interest rates. As a country, we no longer have that top rating, and very soon this credit downgrade will begin to impact companies and consumers. This downgrade was purely political in the making; it didn’t have to happen. This is further indication of the sloppy, irresponsible, and dysfunctional government that we now have.”