Obama's poll numbers are getting so high that the corporate media is starting to hint that he might actually win. Well duh, that was decided when the Republican Party allowed the monster they created (tea party) to escape the castle and run amok in the village.
Moody's is making new threats against the sovereign debt of the United States. Let's be clear, the US can cover as much debt as it wants to. While it's in the Constitution that the US has to pay its debts, it doesn't say how. Nor is there any reason that the US couldn't simply tax the rich people who are holding the debt they created by not paying taxes.
For another thing, Moody's shouldn't even be in business anymore after its willful participation in setting up the banking collapse of 2008. A lot of Republicans should be in prison.
So what is the likely outcome of another 'downgrade'? US Treasuries will go up again, and interest down. It's just a political stunt to try to keep Republicans from being massacred at the polls.