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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (623067)8/5/2011 9:05:33 PM
From: i-node2 Recommendations  Read Replies (3) of 1579676
 
>> But officials told the agency that they were “trillions of dollars” off in their analysis, in part because of the complicated “baselines” that are used to compare long-term government spending and revenue projections, according to reports.

Yeah, what actually happened was that Obama told S&P, "If you downgrade, we'll drag your ass through the mud. Don't you dare do it."

And S&P promptly did what? Downgraded.

And, of course, the "experts" at the White House quickly started slinging the mud:

A source familiar with the discussions said that the Obama administration believes S&P's analysis contained "deep and fundamental flaws."

My only question is why the hell they didn't do it sooner.
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