Saturday, August 06, 2011

A Brief Comment On The Standard & Poors Downgrade

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Some people want to blame Boehner and Cantor. Others say it's McConnell's fault. Or the GOP's or the screwed up political system, or the fault of the out-of-whack social system that's become less and less fair in the last few decades. But I'd say this video get's it just about perfect:




UPDATE: Bernie Sanders

Good someone noticed! "I find it interesting to see S&P so vigilant now in downgrading the U.S. credit rating. Where were they four years ago when they, and other credit rating agencies, helped cause this horrendous recession by providing AAA ratings to worthless sub-prime mortgage securities on behalf of Wall Street investment firms? Where were they last December when Congress and the White House drove up the national debt by $700 billion by extending Bush's tax breaks for the rich?”

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