"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?"
Bernie's right but like I say when it comes to football (soccer) and teams complain about a bad call or two by the ref: If you play well enough (score enough goals, play good defense), a bad call shouldn't matter.
S&P should never have been in the position to judge our creditworthiness*. Had they not manufactured this debt ceiling "crisis" (Obama and the Republicans) - if our elected representatives would govern instead of act like children - the "good faith and credit of the United States" would never have been in question.
To use another football analogy: play the game the way it's supposed to be played. In football, there are The Laws of the Game and none may change them to suit their whim. All over the world (from playground to Premier League), the rules of football are the same. It wouldn't be the same "beautiful game" if FIFA allowed individual regions and leagues to put their own spin on it.
We're changing the rules of the economic game for stupid political motives and we're ruining the game for everyone else. If we want to play with the rest of the world, the people in Washington will have to grow up and govern. American Major League Soccer learned that and so will the rest of us.