So, all over the Internet are hysterical darts being thrown at S&P who, according to many experts, got the downgrade right.
And at the crux of the vitriol is the “liberal arts guy with a masters in English literature, who never studied economics.”
So? I have a Master’s in English lit. It requires a decent amount of logic and reasoning. And when a country brings in too little money to pay for what it spends, but can’t get its leadership to close that gap by, for instance, raising what it brings in and lowering what it spends, I would downgrade its rating, too.
Which, for the record, the lit MA guy didn’t do. He’s the spokesperson, y’all. He’s in charge of the words. You know, the part English majors know a lot about. The econ people watched the numbers and cried foul. The Lit guy told the world.
Shoot the messenger? That’s English literature, too. (Or Greek. Don’t believe everything you read on the Interwebs. I don’t see anything about harming messengers in Henry IV part 2, oh unfettered misinformation depot known as wikipedia.)