What Does The S&P Downgrade Mean If France Is Rated Higher Than The U.S.?
It means jack squat is what it means. Look, I have been hammering on this for the past few days but our financial system is entirely corrupt. The ratings agencies have played a massive role in that corruption. Obama supporters will squeal that S&P wishes him to be a one term president. Meh. Obama is doing just fine to ensure that on his own. But you must understand that corporations and corporate personhood play a very substantial role in shaping neoliberal economic policy within the halls of Congress and the White House. Our government is essentially bought and paid for. These corporate policies serve the self-interest of corporate executives and bureaucrats who enrich themselves in the corporate state. Put another way, S&P’s decision serves the U.S.’s fascist masters and therefore, just as I remarked today about Moodys, one should most assuredly consider S&P’s decision to downgrade the U.S. was therefore highly political.
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