F'n S&P

Krugman:

I’m fairly sure that if and when we get the whole story here, it will turn out that S&P was being political here, trying to do someone a favor — and it just wasn’t going to let facts get in the way of the downgrade it wanted.

What’s going to be painful over the next few weeks is listening to all the Very Serious People keep treating these clowns as if their opinion was worth anything.