U.S. Credit Downgraded: S&P Reduces Rating To AA+

yyyyyyyyyeah, the other side of that is that the public and the body politic let their guard down, and we passed some horribly oppressive, undemocratic, unconstitutional, and anti-public legislation at that time.

Let's not look back at the period of late 2001-2003 with a sense of upbeat reminiscence; our collective lack of hand wringing was not us getting along for a change, but us tacitly accepting and failing to stand up to things we most certainly should have.
 
In a conference call on Monday, David Beers, S&P's head of sovereign ratings, said: "We still think that the risks to the rating are still pitched to the downside - that's why we have a negative outlook. We don't anticipate a scenario at the moment in which the US would quickly return to AAA."
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Well it's nice to have a name for our new world leader.

ALL HAIL EMPEROR BEERS !!

US markets were lower on Monday in the first trading session after S&P downgraded the US economy.
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He downgrades the economies of nations with one sweep of his mighty hand. The US had better learn its place, lest Emperor Beers downgrade them once again !
 
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