By: Truthiz

Truthiz — Wed, 10 Aug 2011 17:14:09 +0000

I posted a little on this yesterday. I think the S&P made the correct call. In fact: Not only do I think we're currently NOT a AAA credit nation…but I actually suspect we haven't BEEN a AAA credit nation for years..perhaps going back at least to the dot.com BUST(?) I think S&P was complicit, along with Wall Street and the U.S. government in keeping the ILLUSION alive until the entire scam began to fall apart beginning with the housing-bubble IMPLOSION and then the stock market CRASH of 2008 which has left this county shell-shocked and S&P all but totally discredited. So Yes. I get it when critics say.."Given S&P's horrific track record, and the nitwits running that agency who are they to judge the U.S. fiscal situation?" But I think those critics are missing the point. We have a totally DYSFUNCTIONAL government. And as one writer put it: "Standard & Poor's knocked the Unites States rating from AAA to AA+…NOT because of economic risk but because of POLITICAL risk." Btw: Slate has a pretty good article up by Annie Lowrey on this subject: "S&P Is Right. It's Congress' Fault." …"The politics of sovereign-debt ratings downgrades." Full read: http://;http://www.slate.com/id/2301171/;” target=”_blank”>;http://www.slate.com/id/2301171/; Not to mention: Anything…and I do mean ANYTHING…that gets this President's attention and forces him to finally spare Us any more rhetoric and GET.TO.WORK. developing a JOBS plan and being an effective LEADER…I've got no problem with it.

Comments on: STANDARD & POOR’S CRITICIZED

By: Truthiz