Mr. President,
Happy Birthday.
America's credit rating has been downgraded for the first time in history. Totally predictable. Totally avoidable. Totally on purpose.
I have been writing for more than a year now that this is all part of your "fundamental transformation of America." This has all been according to your plan.
So, you got what you wanted.
Don't even think about blaming anyone else this time. The ratings agencies claim that "Cut Cap and Balance" could have prevented a downgrade, but you and your cohorts in Congress didn't want it. You demonized the plan, as you demonize anyone with any real solution to America's debt problem.
So now, America has been discredited. According to your ideology, we deserve it. Who does America think she is? We are no better than anybody else.
So, fret not, Mr. President, you will get your "redistributive change." Inflation, stock market losses, higher interest rates, and more printing of money will destroy the savings of millions of Americans.
The forced-redistribution-of-wealth-train is happily careening faster toward the cliff, isn't it Mr. President.
Happy Birthday.
Monday, August 8, 2011
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