Top Ten - U.S Debt downgraded, Biden + Trump = 70% say No Thanks but...oh well...

George Costanza, Rolling Stones, Go Go's, and Fleetwood Mac

Chris Saxman

Aug 04, 2023

Fitch downgraded U.S debt this week. WSJ Editorial here.
From the editorial:
The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to ‘AA’ and ‘AAA’ rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions,” Fitch said in explaining its decision.
Not to worry says Jamie Dimon of JP Morgan Chase
It doesn’t really matter that much, because it’s the market, not rating agencies, that determines borrowing costs, Dimon told CNBC’s Leslie Picker.
Former World Bank president and Treasury undersecretary David Malpass “tells the Federal Reserve to Wake Up”
The downgrade is a clarion call to rethink fiscal, monetary and regulatory policies. With Europe, Japan and China nearly stagnant, the most important swing factor in the global growth outlook is U.S. private-sector innovation. To reach its potential, that ingredient can no longer be stalled by regulatory mandates and government’s passion to grow and pick winners and—mostly—losers.
Summary of this week’s cable news programming: “Jerry, just remember. It’s not a lie…if you believe it…”
According to recent Harvard/Harris polling, majorities of the three major political food groups ALL do NOT want a 2020 rematch:
The numbers have grown for both Biden and Trump over June. August numbers will be out soon and it will be interesting to see if they move given recent headlines.
7. Flawed question here, I think. Q - does a viable independent or third party candidate need to be “moderate” or “centrist”? Still, it’s a solid majority are open to the idea.

Must watch CNN interview with former AG Bill Barr. Balanced, forthright, and thoughtful answers given. Also an example of CNN being CNN.
Second part of the interview.
Devon Archer interview with Tucker Carlson - analysis from The Hill’s Rising.