I agree with Krugman, who agrees with Atrios:
The Best Summary of the S&P Downgrade
Paul Krugman
“Conscience of a Liberal” Blog @ The NY Times’ website
August 6, 2011, 10:00 am
Atrios:
Apparently we’re supposed to care about what some idiots at some corrupt organization think about anything.
As Krugman also notes, what else can one say about an organization that was giving an “A” rating to Lehman Brothers in the runup to their implosion in 2008?
They're pretty good when it comes to predicting yesterday's weather, and that's about it.
(Echoing the sentiments of many on this blog with regard to my own posts, LOL!) I stopped giving a sh*t about what Standard & Poor’s thinks about anything a long time ago. IMHO, you should, too.
(Disclosure: I’ve worked briefly with staffers at Standard & Poor’s on a few occasions throughout my career.)