Kenneth M. O’Brien
If ever there was a situation that called for widely publicized hearings by the U. S. Senate it is the action by Standard & Poor’s to downgrade the debt of the United States.
To assume that S&P is some kind of independent, wholly objective watchdog is absolutely naïve and foolish.
Months before as well as within days of the announcement of the action by S&P to downgrade the debt of the United States from AAA to AA+, conservative media outlets began putting forward arguments that the action was not politically motivated. Forbes Magazine and Fox News’ Huckabee program were in the forefront of such arguments.
To assume that S&P is some kind of independent, wholly objective watchdog is absolutely naïve and foolish.
Months before as well as within days of the announcement of the action by S&P to downgrade the debt of the United States from AAA to AA+, conservative media outlets began putting forward arguments that the action was not politically motivated. Forbes Magazine and Fox News’ Huckabee program were in the forefront of such arguments.
