S&P Blames Republicans, MSM Fails to Report It
By Thom Hartmann (about the author)
Image from Wikipedia
Have you seen, anywhere, in any media, or even heard reported or repeated on NPR, the following sentence?
“We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.”
It’s right there on Page 4 of the official Standard & Poor’s “Research Update” — the actual report on what they did and why — published on August 5th as the explanation for why they believe Congress — and even the Gang of Twelve — will be unable to actually deal with the US debt crisis. Perhaps it’s just lazy — the bullet points at the beginning of the report don’t mention the Republicans or taxes, but instead just say, for example (part of one of six quick bullet-points):
“[T]he downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges”
In order to figure out that one of the reasons why is that “Republicans in the Congress continue to resist any measure that would raise revenues,” a hard-working reporter would have to read to page four of the eight-page report.
Read the rest at OpEdNews.com
So, once again the GOP has made things in government worse or, as the S&P report puts it:
“…will remain a contentious and fitful process.”
Hey that’s just great. Thanks again GOP for first lowering the discourse with endless dirty tricks, then activating all the angry wannabe-tycoons and their minions on the internet thereby throwing even more sand into the gears of our civilization. Barbarians.
When push comes to shove most of the people howling the loudest about the debt crisis (the 1%ers) will feel nothing – not that they ever do (except perhaps during a ‘spirited’ boar hunt or while abusing a subordinate). Nope, as usual the people that will end up under the bus the next time are America’s Greatest Generation. Hell of a way to treat the people that generated all the wealth the 2%ers now roll around on like Scrooge McDuck on crack.
One thing’s for sure – the existing news media is proving itself to be more of a frightened puppy than a trustworthy guard dog. Sure, it’s cute and cuddly and hardly ever piddles on the rug but it’s proven again and again when a threat comes to the door it tucks tail and hides. Call me old-fashioned, but I like journalists like Keith Olbermann who report the truth, even when it’s uncomfortable for my side. See, the problem is that the politicians of late have figured out that governance is really more about money and campaigns, not guarding the interests of the American people from the military-industrial complex.
Good news though, Americans are ingenious and we’ll find our own ways to make sure the truth is guarded. That’s what scares the far-right lunatic fringe the worst – an opponent that they can’t just kick into the corner and throw a moldy biscuit. Try that with a real guard dog and you’ll get the surprise of your life.