So Standard & Poor’s downgraded the U.S. long-term debt from AAA to AA+ (with a negative outlook). Ouch. Yeah, it’s a bit of a joke. After all, these are the jokers who declared Lehman Brothers AAA a month before they went bankrupt. They rated junk mortgage securities AAA, leading directly to the financial mess we’re in now. And we can argue till the cows come home about whether S&P oughta be in the business of downgrading our credit rating because our political system is so dysfunctional.
Doesn’t matter. What does matter is that they did. They looked at the recently completed debt ceiling debate and determined that although we haven’t defaulted, and probably won’t in the near future, our idiocy is so complete that creditors should think twice or more about extending further credit.
Now, that would probably suit the TeaPublicans just fine. They seem to relish the idea of the United States becoming a backwater country where the majority of its citizens have little to no access to decent health care or education. And why wouldn’t they? Stupid, sick citizens are much easier to bully into submission. And the handful of others who know better? Just throw ’em in jail, shoot ’em if you have to. That’s what they do in places like Zimbabwe, Syria, Yemen and Iran. Never let a little inconvenient truth bother you.
And all of this could have been avoided. We’ve had so many chances. After Reagan put us on this wretched road to ruin, Americans wised up after a term of George Bush Sr. and elected Bill Clinton, at the time branded The Most Liberal Man On The Planet although he was a Blue Dog at best. Never mind, though, he was certainly far better than another four years of GHWB, or, god forbid, one of the other whackos who could have been on the Republican ticket. You know, people like Pat Buchanan and David Duke.
The GOP Noise Machine went into high gear of course, lying and stretching the truth at every possible moment to paint Clinton as Evil Incarnate. It worked to some extent, but it didn’t wholly work because Bill possesses one of those thing the Republicans like in their candidates: He’s Affable. You wanna have a beer with him. So what if he had sex with that woman? I mean — and here’s where the Right Wing Crap Machine worked wonders — look at that bitch he’s married to.
But after two terms and a deficit surplus, the Noise Machine had also done a job on the man who should have been Clinton’s successor, the truly more liberal Al Gore. And Gore was hampered by a tendency to appear rather wooden, plus, it appears that an awful lot of Democrats/liberals/progressives at that time had not caught on to the Republican Bullshit Machine strategy: Lie at every opportunity, and make the other guy out to be in league with the worst things you can think of. And if all else fails, ridicule from the lowest common denominator.
Thus, George W. Bush. Of course, the conservatives needed a little boost from the Supreme Court, but honest to god, it never should have been close enough to go there. The Noise Machine works very, very well, indeed. See Kerry, John – Swiftboating.
After eight years of up is down, black is white and Alice doesn’t live here anymore, it’s a wonder any of us could even walk. But walk we could and unbelievably enough of us had seen through the LSD haze to actually not give the presidency to another Republican. But the Noise Machine had a hand in who did select too. See Clinton, Hillary – Clinton Derangement Syndrome.
Again, we selected a very moderate, albeit black, Democrat who was again portrayed as The Most Liberal Man On The Planet despite no evidence to support that contention. But we, suckers that we are, thought we had a chance. My god, a black Democrat in the White House, majorities in the House and Senate — we’re saved!
Except we weren’t. The right started its anti-anything but them campaign with its most ugly component yet: Racism. Well, they actually tried that with Bill Clinton. Who do you think came up with “the nation’s first black president?” Problem of course, was that Clinton clearly isn’t black.
Barack Obama is, and racism is a ready-made weapon so easy to deny. “Tar baby!” “Oh, I’m sorry if anyone was offended. I didn’t mean that as a racist statement.” And, with our well trained stenography pool ready to bring every utterance to the national media, nobody but us crazies ever challenged the clear bullshit. So while the our so-called journalists bring on birthers to talk about whether or not Obama was born in the United States (doesn’t matter, idiots, his MOTHER was), nobody challenges the racism fueling charges that Obama is from Africa, that he’s Muslim, that he’s anything but a good ol’ boy. Seriously, do you honestly think that conversation would be going on if Obama’s father were named Olsen and he was born in Norway?
But the Machine had done well making sure a natural compromiser was elected president. That’s what community organizers do, yknow. Nothing wrong with that, of course, but when one side deviously plots to suppress the other side and uses good intentions to doom the process from the start, well, that’s another matter.
And then there was the Tea Party, rabidly taken up by my colleagues in the stenography as some kind of populist movement despite the clear evidence that it was and is funded by billionaires and political insiders. Follow the money, my friends. Follow the money.
And the politicians, never ones to take any kind of principled stand (with rare exceptions. See Sanders, Bernie – Socialist, Vermont), bent and twisted any which way the wind blew to make sure they stayed in office. Then came 2010, and the intentionally ill-informed won big in those places where once more moderate conservatives might have flourished. And now, the stage was set.
A barely Democratic president, a Senate with a narrow Democratic majority, a House full of full-on crazies with little to no understanding of anything beyond Well, sheeit, I’m a US Congressman now! and a House constituency of the ignorant masses who don’t realize Medicare is a “socialist” program nor that their champions have every intention of destroying it.
Oh, and the completely out in the open No. 1 goal of the Republican party: Get rid of the black guy in the Oval Office in 2012 if not sooner.
So despite Standard & Poor’s culpability in the our economic morass, somebody there had the sense to realize that the United States was indeed on a slippery slope and it isn’t one to socialism. It’s sliding into what’s much closer to the corporate-run colonies of the British, Portugeuese, Dutch, Spanish and French empires. Seriously — they were all about profits and coopting some local group to give their corporate rulers some legitimacy. And the corporate rulers, of course, answered to the crown back home.
In America, though, we’re dispensing with the crown. The corporate rulers answer to no one.
And that’s very, very dangerous, something even Standard & Poor’s can’t ignore. The debt ceiling fight, then, was our last chance before someone outside started taking action. Obama must have known. That’s where the Grand Bargain came from. It was the only adult proposal made, one that in all likelihood would have satisfied S&P that we were seriously about fixing the economy. Of course, just lifting the fucking debt ceiling and focussing on a jobs plan probably would have worked too, but the TeaPublicans would have none of that and instead pushed for this showdown, a playground battle royale.
So Obama offered the Grand Bargain and the TeaPublicans, so enamored of their rich overlords that they cannot conceive of taxing them one penny more than they already are, poor over-taxed bastards, said no fucking way. And the pitiful “debate” that followed showed S&P, and every other sane person on the planet, that the lunatics indeed have taken over the U.S. government, and no one is safe.
The reasoning, which people who aren’t TeaPublicans actually note contains criticisms of both Republicans and Democrats, is far more damning to the GOP. Here’s the full report, go read it. You can be sure the TeaPublicans won’t. They were satisfied with the press release. But here’s the key passage. S&P says the recently completely debt ceiling deal is a step in the right direction, but is not sufficient to correct the slide. Previously assessments have given the United States the benefit of the doubt, S&P says, assuming that reason will overcome the pitchfork-bearing masses. No more:
Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. 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.
And there you have it. If those tax cuts don’t expire, S&P says, the credit rating will likely slip to AA. Killing those tax cuts off might — might — “stabilize” the rating at AA+.
So what’s it all mean? Basically, we’re screwed. And the Republicans and Democrats are to blame. The Republicans for all their lying and bullshit and the Democrats for showing their bellies every time the GOP or Fox News yells “Boo!” And that dysfunction, which is what S&P is talking about, isn’t likely to change, because our politicians are too addicted to being in Washington to see what’s really going on in the world around them.
Instead, they’ll take what S&P says and make further cuts into “entitlement” programs, along with things like education, public safety, environmental regulation, banking regulation — basically anything that a civilized society needs to thrive — keeping only enough to maintain the military dictatorship the Teahadists so desperately yearn for. Austerity times 1000. This is how Saddam Hussein ruled Iraq, and we really do have weapons of mass destruction.
I don’t pretend to know why the rich want it this way (even less why the lied-to masses work so hard to make it happen), but I do know this is how they want it. Follow the money. At the end you’ll find people like the Koch Brothers whose only goal, for some unfathomable reason, is to get richer.
I also know it will get better. But not, apparently, before it gets a whole lot worse.