John Ransom

It was a bad week for men wearing silly capes.

This week it was revealed that Superman announces his intention to renounce his U.S. citizenship before the UN and become a citizen of the world in episode #900 of the DC Comics classic.

Things have just gotten too complicated for him to be the front man for U.S policy, the citizen of steel explains. Plus, he’s a naturalized and pastel-ized U.S. citizen, being born in Kenya… er, on Krypton.

The episode is proof positive that the founders knew what they were doing when they required you to be born in the U.S.A.

I blame Obama’s Libyan debacle for this storyline, with the economy a close second.

I mean, the big “S” stuck through the Iraq war. That war was a lot less complicated.

George Bush was a lot less complicated too, whether you spelled it with an H or a W. 

Even so, I’ll be trashing my plastic tri-fold Superman wallet distributed by DC Comics and made in- you guessed it- China.

You don’t grow up in Kansas, as Clark Kent did, and then dis the U.S of A. They teach that there.

Instead, I’ll be shopping for a Mighty Mouse wallet as a replacement. 

But the bad news for our president, doesn’t end there.

Weiss Ratings downgraded U.S. debt this week.

Yes, the superman of all debts, public and private, got it some kryptonite.    

“We believe that the AAA/Aaa assigned to U.S. sovereign debt by Standard & Poor’s, Moody’s and Fitch is unfair to investors and savers, who are undercompensated for the risks they are taking," Weiss Ratings President Martin D. Weiss said according to the South Florida Business Journal.

Weiss rated the U.S. a “C” credit risk, behind even Mexico.

The U.S. isn’t just a banana republic under Obama, it’s close to a failed state; at least in its ability to pay the bills.

To make matters worse, Weiss made the announcement after Federal Reserve “superman” Ben Bernanke admitted in a press conference that his policy of printing money has resulted in higher inflation and no jobs.

The announcement by Weiss may not be unrelated to the Bernanke press conference.

As Forbes observed this week, the Fed under Bernanke may not have the ability to judge anything anymore.

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.