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Downgrade Nation: Seeing Through The Charade Of Presidential Politics

Ress Wrote: Sep 17, 2012 1:04 AM
The only economic activity stimulated by the Fed creating more money out of nothing is bad investments, which will inevitably fail. But the temporary "high" works for the politicians and those stock market players who know when to bail.
The U.S. Federal Reserve initiated more economic stimulus. And the very next day the U.S. Government received another debt downgrade.

Did one lead to the other- or is there more to the story?

Amid last week’s headlines of Islamic terrorist attacks and domestic bomb threats, the news about another U.S. debt downgrade may have seemed anticlimactic. Yet this additional downgrade for the U.S. has been a long time in the making, has long-term ramifications, and was not triggered by the Federal Reserve alone.

After months of speculation, pressure, and mostly bad economic data, Federal Reserve Chairman Ben...

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