Wait, I thought the new “deal” that Boner just pushed through was supposed to keep our AAA status intact.
Silly you. ;)
If it was so predictable how dumb were the world markets not able to have made earlier cost/price considerations into the equation? I agree it was always jumpy, stalled or dealing with a cliff hanger but still...............a fall like that which goes down in the record books?
Ah..the promises & lies announced to the world press by Obama, Pelosi, the Congress/Boehner Plan, the MSM all said.....but most of us understood the dirty fighting fear tactics.
However, Boehner did [defend himself] say after "the fall" :
" Boehner revealed that he had seen this coming[ah investors around the world thank you--little Late?]. “In May, I warned, ‘if we don’t act boldly now, the markets will act for us very soon,’” Boehner said. “It is my hope [hate that word] this wake-up call will convince Washington Democrats that they can no longer afford to tinker around the edges of our long-term debt problem. As S&P noted, reforming and preserving our entitlement programs is the ‘key to long-term fiscal sustainability,’”--
Politicians believed it but the brains in the markets didn't--are we suppose to believe that???
So they all knowingly [they said they predicted this would happen] risked "people's money" to win in a political wrestling tag match? [to even be continued at another date?]