Here's A Disturbingly Astute Line From When S&P Downgraded The US Credit Rating Staff
Posted: Oct 07, 2013 8:53 AM
This is from S&P's historic downgrade of the US credit rating on August 5, 2011: More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.