So if Standard & Poor's is supposed to be so prescient about credit-worthiness, what took them so long to recognize what the market saw right off hand when Barack Obama was elected President of the United States?
The graph at left measures my company's FedEx package count. I posted it on the wall in my office to serve as a daily reminder of what we're up against. It is not that we lack credit. It is not that we don't have diversity in our work force. It is not that we don't do green business. Rather it shows exactly what happened in November 2009: 35% of our business disappeared virtually overnight. Thanks to regretfully shedding employees, cutting costs, and working much longer, harder hours, we've stayed in business and recovered a portion of our former volume. But it's no thanks to the socialists who have supposedly had a laser-like focus on "creating" and "saving" jobs.
Now it's nearly three years later and Standard & Poor's has just figured out that if America were strictly a business, it has been handed down to the incompetent, profligate son-in-law because none of the spoiled children of the founders stepped up and took charge?
The Republican establishment are those spoiled children. Time and time again, they have caved to the most atavistic of Democrat tendencies in the name of "civility" and "compromise", claiming false achievements to cover up their own lack of spine. Case in point: our Tennessee Senator Lamar Alexander says about the recent Debt Deal that it "cuts cuts cuts" when in effect it does almost nothing nothing nothing to reduce debt and deficits. And now, Standard and Poor's downgrade is even being used to rationalize the tax hikes after which Obama, Pelosi, and Reid lust so passionately.
Believe me, my actual income is not rich. I pay an obscene amount of taxes. But just because of my company's gross receipts I qualify as one of those rich people that the Democrats want to tax yet more...
Who represents me in Congress?
If the Senator Alexanders of the Republican Party are not going to take the momentum of the Tea Party and run with it, then it is time they retire and give a chance to someone with fire in their belly to take their place.
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