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Standard & Poor’s Hates America

This whole issue of S&P downgrading the U.S.’s long-term credit rating is hard to figure out.  There’s the rather obvious question that has been raised by so many people as to why anyone would pay any attention to S&P after the total incompetence and complicity they displayed in the Wall St. meltdown of 2008.  But then again, this is Idiot Nation, where you would have thought that after suffering through eight straight years of one failure after another with the Bush administration, that no one would ever again give any credence to anything a Republican said.  And yet here we are just two years later, and those same Republicans are pretty much running the country right now.  So I guess here in modern day America, the more you screw up the more credence you have.

But the real question behind the S&P action is what in hell is their motivation?  There’s clearly no factual evidence to back up the downgrade, as Treasury bill rates have been at record lows for some time — hardly a sign that the market place has any concerns.  The only explanation I can come up with is that the S&P execs are hoping that this becomes a self-fulfilling prophecy.  The tea baggers having failed to force the U.S. to default on their debts, I guess this is the next attempt by the Republican psychopaths to destroy the economy.

When will this lunacy stop?