[Oe List ...] OJWDA

[R Williams]

Love Robert Reich's statement about the rating agency, that they are neither "standard nor poor."  
 
From: John Cock <jpc2025 at triad.rr.com>
To: 'Order Ecumenical Community' <oe at wedgeblade.net>
Sent: Tuesday, August 9, 2011 9:06 AM
Subject: Re: [Oe List ...] OJWDA


You wrote: "Just using the process does not assure responsible decisions." 
 
TRULY. 
 
That's your job as acting Chr. of ICA-USA Board. Please straighten out the Tea Party and Standard and Poor's values/depth immediately.  
 
John From: oe-bounces at wedgeblade.net [mailto:oe-bounces at wedgeblade.net] On Behalf Of R Williams
Sent: Tuesday, August 09, 2011 9:21 AM
To: Order Ecumenical Community
Subject: Re: [Oe List ...] OJWDA


Just using the process does not assure responsible decisions.  The quality of the values being held in the"judge" and "weigh up" steps are critical.  If the decision is made on behalf of a special interest, be it group and/or ideology, etc., without taking into account the short and long-term impact upon the whole and the common good, it would be difficult to see it as "responsible."  Two of our consistent values were/are comprehensiveness and depth.
 
Randy

From: Evelyn Philbrook <joyful52 at gmail.com>
To: Order Ecumenical Community <oe at wedgeblade.net>
Sent: Monday, August 8, 2011 7:35 PM
Subject: Re: [Oe List ...] OJWDA


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 (Standard & Poor's) 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 (values/depth) of the Tea Party members in Congress and S&P. (I could have said this much more forcefully!)
> 
> John 
>
>
>     
>
> 
>
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