[Oe List ...] OJWDA

[Evelyn Philbrook]

Well said John, and I  particularly appreciate your last line about 
saying it more forcefully!

Evelyn sitting in Taipei on a soon to be hot muggy summer day while it 
is still cool in the morning

On 8/9/2011 5:15 AM, John Cock wrote:
>
> Good illustration of Bonhoeffer's OJWDA by S&P action on USA credit 
> worthiness:
>
> Observe: all the data
> Judge: USA vulnerable
> Weigh up: "not much difference between AAA and AA+ rating; a nudge for 
> USA to do better" (paraphrase of their head man)
> Decide: publish/proclaim the lower rating
> Act: they did at close of day on Friday and all hell broke loose in 
> global markets today
>
> They screwed up on WEIGH UP: the difference it makes for USA and 
> global economies is enormous, quite possibly a double dip global 
> recession.
>
> A good example of moralism ... which seldom weighs up: go by the rules 
> no matter the consequences (also Tea Party).
>
> Moody's and Fitch agencies left USA at AAA rating.
>
> End of illustration.
>
> I do not like the morality of the Tea Party members in Congress and 
> the S&P. (I could have said this much more forcefully!)
>
> John
>
>
>
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>
>
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