<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:12pt"><div style="RIGHT: auto"><SPAN style="RIGHT: auto">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. </SPAN></div>
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<div style="RIGHT: auto"><SPAN style="RIGHT: auto">Donovan Arnold</SPAN></div>
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<DIV style="BORDER-BOTTOM: #ccc 1px solid; BORDER-LEFT: #ccc 1px solid; PADDING-BOTTOM: 0px; LINE-HEIGHT: 0; MARGIN: 5px 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; HEIGHT: 0px; FONT-SIZE: 0px; BORDER-TOP: #ccc 1px solid; BORDER-RIGHT: #ccc 1px solid; PADDING-TOP: 0px" class=hr readonly="true" contenteditable="false"></DIV><B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> Tom Hansen <thansen@moscow.com><BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> Donovan Arnold <donovanjarnold2005@yahoo.com><BR><B><SPAN style="FONT-WEIGHT: bold">Cc:</SPAN></B> Moscow Vision 2020 <vision2020@moscow.com><BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Friday, August 5, 2011 8:13 PM<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> Re: [Vision2020] CNN Breaking News<BR></FONT><BR>
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<DIV>This downgrading, if adopted by the other two rating firms, has more of an adverse impact than you suggest, Mr. Arnold.</DIV>
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<DIV>Do you realize that most, if not all, 301Ks are committed to investments with AAA ratings ONLY?</DIV>
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<DIV>The result could be catastrophic </DIV>
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<DIV>Seeya round town, Moscow.</DIV>
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<DIV>Tom Hansen</DIV>
<DIV>Moscow, Idaho</DIV>
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<DIV>"The Pessimist complains about the wind, the Optimist expects it to change <SPAN class=yiv1254811069Apple-style-span>and the Realist adjusts his sails."</SPAN></DIV>
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<DIV>- Unknown</DIV>
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<DIV><BR>On Aug 5, 2011, at 18:57, Donovan Arnold <<A href="mailto:donovanjarnold2005@yahoo.com" rel=nofollow target=_blank ymailto="mailto:donovanjarnold2005@yahoo.com">donovanjarnold2005@yahoo.com</A>> wrote:<BR><BR></DIV>
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<DIV>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! </DIV>
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<DIV><SPAN>Donovan Arnold</SPAN></DIV>
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<DIV style="BORDER-BOTTOM: #ccc 1px solid; BORDER-LEFT: #ccc 1px solid; PADDING-BOTTOM: 0px; LINE-HEIGHT: 0; MARGIN: 5px 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; HEIGHT: 0px; FONT-SIZE: 0px; BORDER-TOP: #ccc 1px solid; BORDER-RIGHT: #ccc 1px solid; PADDING-TOP: 0px" class=yiv1254811069hr></DIV><B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> Tom Hansen <<A href="mailto:thansen@moscow.com" rel=nofollow target=_blank ymailto="mailto:thansen@moscow.com">thansen@moscow.com</A>><BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> Moscow Vision 2020 <<A href="mailto:vision2020@moscow.com" rel=nofollow target=_blank ymailto="mailto:vision2020@moscow.com">vision2020@moscow.com</A>><BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Friday, August 5, 2011 7:17 PM<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> [Vision2020] CNN Breaking News<BR></FONT><BR>Read on, V-Peeps.<BR><BR>More "good" news to pass on to the Tea Party stench,
the cause behind this<BR>downgrade.<BR><BR><A href="http://money.cnn.com/2011/08/05/news/economy/downgrade_rumors/index.htm" rel=nofollow target=_blank><A href="http://money.cnn.com/2011/08/05/news/economy/downgrade_rumors/index.htm" rel=nofollow target=_blank>http://money.cnn.com/2011/08/05/news/economy/downgrade_rumors/index.htm</A></A><BR><BR>The downfall of the market this week may foreshadow things to come.<BR><BR>Seeya round town, Moscow.<BR><BR>Tom Hansen<BR>Moscow, Idaho<BR><BR>"Believe we're gliding down the highway<BR>When in fact we're slip slidin' away."<BR><BR>- Paul Simon<BR><BR><BR>---------------------------- Original Message ----------------------------<BR>Subject: CNN Breaking News<BR>From: "CNN Breaking News" <<A href="mailto:BreakingNews@mail.cnn.com" rel=nofollow target=_blank ymailto="mailto:BreakingNews@mail.cnn.com"><A href="mailto:BreakingNews@mail.cnn.com" rel=nofollow target=_blank
ymailto="mailto:BreakingNews@mail.cnn.com">BreakingNews@mail.cnn.com</A></A>><BR>Date: Fri, August 5, 2011 5:31 pm<BR>To: <A href="mailto:textbreakingnews@EMA3LSV06.TURNER.COM" rel=nofollow target=_blank ymailto="mailto:textbreakingnews@EMA3LSV06.TURNER.COM"><A href="mailto:textbreakingnews@EMA3LSV06.TURNER.COM" rel=nofollow target=_blank ymailto="mailto:textbreakingnews@EMA3LSV06.TURNER.COM">textbreakingnews@EMA3LSV06.TURNER.COM</A></A><BR>--------------------------------------------------------------------------<BR><BR><BR>Rating agency Standard & Poor's says it has downgraded the U.S. credit<BR>rating to AA+ from its top rank of AAA.<BR><BR>Rating agencies analyze risk and give debt a "grade" that reflects the<BR>borrower's ability to pay the underlying loans.<BR><BR>The safest bets are stamped AAA. That's where U.S. debt stood for years.<BR><BR>=======================================================<BR>List
services made available by First Step Internet, <BR>serving the communities of the Palouse since 1994. <BR> <A href="http://www.fsr.net/" rel=nofollow target=_blank><A href="http://www.fsr.net/" rel=nofollow target=_blank>http://www.fsr.net</A></A> <BR> mailto:<A href="mailto:Vision2020@moscow.com" rel=nofollow target=_blank ymailto="mailto:Vision2020@moscow.com"><A href="mailto:Vision2020@moscow.com" rel=nofollow target=_blank ymailto="mailto:Vision2020@moscow.com">Vision2020@moscow.com</A></A><BR>=======================================================<BR><BR><BR></DIV></DIV></DIV></DIV></BLOCKQUOTE></DIV><BR><BR></DIV></DIV></div></body></html>