Saturday, September 15, 2012

Downgrade

Obama has now presided over the first AND second downgrades of the United States credit rating, as earlier this week the credit rating company Egan-Jones has reduced the rating for the U.S. from AA to AA- despite the treasury secretary stating that economic quarter three would bring us out of this slump. In fact Egan-Jones has stated that "issuing more currency and depressing interest rates through purchasing mortgage-backed securities does little to raise the U.S.’s real gross domestic product, but reduces the value of the dollar" in a direct refutation of Keynesian pump priming. Suck it libs.

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