Today Sarah Palin told the world that she tried to warn the world about the coming downgrade, and how she saw it coming from a mile away, saying “One doesn’t need a Harvard Law degree” to have foreseen the impending credit crisis.
She talked of learning all about micro and macro economics at the University of Idaho, and wonders why Pres. Obama obviously didn’t get clued-in while he was studying at Columbia and Harvard…
Any ideas on what else she knows is going to happen in the future?
What other knowledge did she pick up during her educational pursuits?
Finally, if she has such amazing foresight and intelligence, how cum she didn’t know her darling, morally upstanding Christian daughter liked to get blackout, falling-down drunk and have lots and lots of unprotected sex when she was only a tender 17 year-old?
As it turns out, Palin is credited with getting Alaska a AAA bond rating from those agencies. How did she do it? By raising taxes on the oil companies, among other measures.
Everyone knew that the downgrade was a serious possibility, except for the Tea Party – some of Palin’s staunchest supporters. Obama clearly did – he spoke about it several times.
I don’t think so. The Alaska Permanent Fund hit a record $41 billion earlier this year, although it’s down $2B from the recent downturn of the market. They’re operating at a surplus, in other words.
I am more interested in Timothy Geithner (US Sec. of the Treasury and admitted tax cheat). He said (last week) that there was “no chance” of the US credit rating being downgraded.
Maybe Tim knew something we didn’t.
but of course, S&P is not the world’s most rel;iable rating agency-they gave Lehman Bothers a clean bill of health-one week before it went bankrupt.
