It's all well and good to say this now.

But I remember that the United States people voted in the Republicans
overwhelmingly, and the Tea partiers especially.
Everyone said they shouldn't be in government, that they were racists,
extremist what have you.

But they were voted in anyways ahead of more moderate Republicans
(let's just assume the Democrat candidates never had a chance).

So now based on their own political decisions the US faces this
fallout, what has been learnt?

On 12 August 2011 11:24, Larry Lyons <[email protected]> wrote:
>
> Or so he said without explicitly naming name:
> http://www.politico.com/news/stories/0811/61147.html
>
> Geithner told CNBC earlier this week that S&P had “shown a stunning lack of 
> knowledge about basic U.S. fiscal budget math, and I think they drew exactly 
> the wrong conclusion from this budget agreement.”
>
> Nonetheless, Geithner did not necessarily question S&P’s political judgment.
>
> “They, like many people, looked at this terrible debate we’ve had over the 
> past few months, should the U.S. default or not, really a remarkable thing 
> for a country like the United States,” he said. “And that was very damaging.”
>
> Mukherji acknowledged that the definition of political instability can vary 
> among countries, as some nations are prone to striking workers and rioting 
> but not necessarily unst

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