No, because now it would look like sour grapes, wouldn't it? Vindictiveness? Partisan? Downright Putin-esque, actually. But shouldn't the S&P's grade of U.S. long-term debt have about as much credibility as Henry Blodget's grade of U.S. stocks? The administration should have prosecuted S&P and the the other criminally negligent ratings agencies when it had the chance. Too late now.
Morons. We have morons on our team.*
*Kewpie doll to whomever gets that reference.
Rising Hegemon
4 comments:
if IF they are using bad numbers, shame them. ?
BWAH HA HA HA. what am i thinking.
Morons. We have morons on our team
Butch Cassidy and the Sundance Kid
Great line by Strother Martin
It makes perfect sense for the Hopey Admin. not to have prosecuted the ratings agencies for their complicity in the house bond securities ripoff if you look at it through the lens of Obama being in cahoots with the corporate criminals. Now that the agencies have started to downgrade the U.S. (which I would have done too, because even if dollar-denominated debt is repaid in dollars which the U.S. can issue at will, they're going to be increasingly worthless clownbucks) who's going to be making more money off the higher interest rates that will follow? Oligarchs and rich people who buy bunches of T-Bills. The $10,000 two-year-note your granny bought through her financial advisor will get a little extra, but the $10 million that Rodney Richpigge had in T-bills because he couldn't be bothered to find a better use for a sum that small will get a LOT more in nominal terms. And more taxes or wealth (in the form of devaluation of their money) is sweated out of the American people to pay for it.
To reiterate: Ratings agencies get away with screwing people who are not insiders. Ratings agencies take another move to screw over the people who are not insiders. Obama's corporate owners profit. What's not to love, if you're Obama? For the rest of us, not so much. Or I shiuld say "the rest of YOUSE" because I got out of there in 2005.
Post a Comment