| "The credit decision put a price tag on the agenda of dysfunction that Republicans brought to Washington, in which unnecessary crises are created to achieve their goals of shrinking government and bringing down Mr. Obama. When one of the two political parties announces its willingness to let the nation default, S.& P. essentially said, those who lend it money can no longer trust it to act rationally. Whatever flaws may exist in S.& P.'s arithmetic, that scolding is one that lawmakers richly deserve."
"President Obama tried on Monday to restore the plunging confidence of investors, insisting the United States remains a triple-A country whatever Standard & Poor's might think. It didn't work with the stock markets, which sank again, and it did nothing to reassure the most important shareholders: ordinary Americans living from one paycheck to another, worried about their jobs ..." |
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