I wrote: > I think I know what the downgrade means: in effect, Wall Street is > telling Obama (and by extension, the US government as a whole) who's > boss. Obama appointed their men as his main economists (Summers, > Geithner) and went along with the Wall Street program, especially that > of its most powerful elements (Goldman, etc.), to accept the Tea > Party's "no new taxes" program to cut domestic spending. But he's not > totally their servant, since after all there are other political > pressures and other campaign donors. So he needs to be brought to > heel. Servants can never be too loyal, after all.
It shouldn't say "Wall Street is telling..." Instead, it should say, "One influential part of Wall Street, claiming to speak for the whole, is telling..." -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
