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Democrats should be playing the Fitch downgrade as a klaxon warning of what will happen if MAGA Republicans' fiscal policies get reinstated. This has to have a huge media push or otherwise the Republicans will make it about "Biden's failed policies." Yes the timing of the announcement sucks but but this is a grenade that has to be tossed back into the Republicans lap ASAP.
Totally agree Georgia. I spent my career in the investment management business (it changed dramatically-and not for the better- over the decades) and this is definitely a "shot across the bow" as Wall Street "does not like uncertainty" and chaos is not usually well received. However, let us not forget the movers and shakers in the financial business tend to lean to the right politically and have done absolutely nothing to speak out against trump. They have no honor. CEO's, hedge fund managers, …
Our current fiscal problems can be traced back to Reagan. He had a likeable personality and his success in dealing with the Soviet Union makes him somewhat immune to attack, but his domestic policies, well beyond fiscal, were abominable.
Absolutely the case, George. Reagan tripled the national debt and began the war on the Middle Class and labor unions while giving massive tax breaks to the wealthy, amounting to their plundering the national treasury. G.H.W. Bush added another trillion. Then G.W. Bush doubled it again with the Iraq War and the Wall Street extraction of more trillions, leading us to the brink of a depression. Obama bailed them out without requiring that they repay. Then Trump in 2017 gave the big corps and the wealthy another $2 trillion tax break, resulting in part to a $7.8 trillion deficit, the largest by number of any president, but it is still less than Reagan's tripling the national debt. We're $32 trillion in the hole, dumping this debt on our children and grandchildren. These plunderers have no conscience.