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U.S. Credit Rating: Don’t Shoot the Downgrade Messenger

Paul Hsieh, MD writes:

Suppose you saw your doctor for a persistent headache. After performing a full battery of tests, he told you that your MRI scan showed a malignant brain tumor. Would you 1 work with him on a plan to treat your cancer, or 2 threaten the MRI manufacturer with a government investigation? Although most normal people would choose option 1, our government is responding to the news of the S&P credit downgrade with option 2.

Read the whole article: Pajamas Media » Don’t Shoot the Downgrade Messenger.