…This proves two things:
- S&P is a silly company that doesn’t understand American politics, because the votes of Michele Bachmann and other dead-enders like this were never needed to raise the debt ceiling. Are they really making sovereign credit ratings based on the dumb rhetoric of a few, even though the ceiling was raised on time? This is one more reason that the U.S. should be like every other country and not have a debt ceiling, just to keep things simple for the ratings agencies.
- Michele Bachmann, the one who’s made “being right” about the debt downgrade her chief campaign selling point, was the one who caused the downgrade!
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