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eran_morad ,

Who tf gives a shit about ratings agencies?!?

jeffw OP ,
@jeffw@lemmy.world avatar

Lower ratings make debt more expensive. More expensive debt drives up the cost of the US borrowing and doing things.

So, I guess anyone who wants the government to spend money on things?

eran_morad ,

The cunts get it wrong 100% of the time.

jeffw OP ,
@jeffw@lemmy.world avatar

While there is limited reliability, it still matters what they say. I wouldn’t say they get it wrong most of the time though

eran_morad ,

FFS, The Economist did a whole fucking piece on how shitty and wrong the agencies are.

jeffw OP ,
@jeffw@lemmy.world avatar

When I search through their articles, I find a mixed bag. This is the most recent: economist.com/…/in-defence-of-credit-rating-agenc…

Clearly defending the agencies (as the title suggests). Other articles point out racial or geographical bias (or their shortcomings before the financial crisis/great recession), but I’m not seeing anything that says they are outright “shitty and wrong” most of the time (or even often).

PugJesus ,
@PugJesus@kbin.social avatar

"Why would Biden do this" - Average voter

0110010001100010 ,
@0110010001100010@lemmy.world avatar

Don’t you know? The president has magical levers behind his desk that control inflation, fuel prices, congress, etc…

NOT_RICK ,
@NOT_RICK@lemmy.world avatar

I had a teacher in high school that had us read an unlabeled and genericized (no direct references to the king) Declaration of Independence as an assignment. She told us that she once had an irate parent call the school to complain to the administration that she was having her students read “communist propaganda”.

I think about that a lot when I imagine the average voter.

SheeEttin ,

And when NPR tweeted the lines from it and some people got offended: buzzfeednews.com/…/we-hold-these-alternative-trut…

NickwithaC ,
@NickwithaC@lemmy.world avatar

Just wait for the “I did that” sticker on the news paper stand…

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