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Is It Time to Downgrade the Rating Agencies?

The neoliberal agenda

I am in general agreement with this article. Neoliberal economic elites are using the money markets, rating agencies and an alphabet soup of international regulating agencies to attack governments and social safety nets that protect ordinary people. To borrow a phrase from the Constitution, it is not about governments that promote the general welfare and provide for the common defense! It is about using government for the benefit of the money markets and multinational corporations. Certainly, both the Republican and Democratic parties in the US have sold out. It is rather amusing to see accusations of socialism thrown about, when socialists, social democrats and communists are practicing neoLiberal economics in Europe, China and elsewhere. Viable parties on the left do not exist! It is about creating, on a “global” scale, a two-class system consisting of wealthy elites and the working poor. This is about class warfare as a business model!

Pervis James Casey

Riverside, CA

Aug 6 2011 - 1:49pm

Is It Time to Downgrade the Rating Agencies?

The Democrats’ “credit rating”

It is fairly obvious that these credit ratings are being used to privatize government and eliminate regulations on businesses, along with reducing taxes on corporations and the wealthy one percent. It has nothing to do with the ability of governments to repay bonds. It is about demanding austerity measures that destroy government services that protect and serve ordinary people. It is about creating a two-class society of the very rich and the working poor. According to polls, voters blame both the Democrats and Republicans for this mess, and hopefully they will vote for a third party of their choice in 2012. You can't keep rewarding failure and hoping for the best!

Pervis James Casey

Riverside, CA

Aug 3 2011 - 5:09pm

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