Downgrade based on mountain of debt, not politics Re:”Dow plunges 513 on recession fears,” Aug. 5
The media’s rationale for the S&P downgrade: partisan battles and the debt burden, with an emphasis on the former and disproportionate blame placed on those rascally Tea Party Republicans. After covering partisan battles 24/7, the media may think they’re at the core of every problem, but it’s just not true.
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