Moody’s, S&P Caved In to Ratings Pressure From Goldman, UBS Over Mortgages
S&P can be bought off. Somebody wanted a higher return from Treasury bonds. Some Obama friends? The Chi-Coms? Who?
Obama wanted to bring this fight over wealth transfer to an international crisis and that is why he threatened to default on the US debt if he did not get his tax increases.
The limo liberal bankster community agree with Obama and are using the political show down to prop up his demand for heavy taxation. They wanted socialized medicine, too, so corporations would not be saddled with this employee benefit. They want heavy income taxes on the middle class to pay for it and the debt.
I think this is an internationalist political battle against the people of the US because we continue to defeat their efforts. For example, we rejected their global warming scam and their self-serving solution - UN taxation (carbon trading) and their new carbon commodies “market.” We won’t buckle under the international court. We bristle at them using our military as they choose. We won’t accept open borders and shira. We created a political backslash when they dipped into the Treasury and Fed for their own profit.
This is economic punishment against Americans for disobeying their internationalist superiors and being uppity Americans. If you don’t want your economy to crash, do what we say politically.