http://www.businessweek.com/magazine/charlie-rose-talks-to-robert-rubin-08042011.html
Obama is simply repeating what Rubin says, just like Reagan followed Regan as shown in that perfect clip from Michael Moore's love story. The Chinese govt obviously wanted the downgrade to legitimize its charges of the US leeching (well that's how Putin put it) on the world economy by monetizing its debt. Were Chinese demands behind the downgrade which was obviously not based on a serious mathematical calculation? If so, how exactly did Chinese demands work their way into S&P's thinking? Did Chinese influence work through Wall Street actors, anxious for more business with Chinese actors both inside and outside China?
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