If
Rant filibusters an increase in debt limits,
Will
S & P follow through on its threat?
Probably not until Wall Street decides
How much each bank will pay and how much each will get.
Business models for raters require they get paid
By the bankers whose deal they're agreeing to "rate."
Bond prices will plummet. It's a matter of timing.
So they'll sell before paying for the threatened update.
But the
opportunity to please Grover Norquist
Will prevail over prior beliefs that Rant had –
Before Grover forced him to sign his
No Taxes Pledge,
So our
S & P rating. could be changed to "Bad."
Grover Norquist apparently thinks he knows how
Rant can make sure that the
Kochs take a hit
While increasing the odds that
Wall Street gets hammered.
So who wouldn't pressure the courts to acquit?
Unfortunately that would leave Grover Norquist
Ruling Republicans with an iron fist,
So at the very first hint of recovery
His puppets could let billions in tax breaks persist.
Bob Carlson
www.politicalboondoggles.com
On Twitter @PBoondoggles
4/20/11
To 'The Norquist-Abramoff Circle'
To 'Grover Norquist'
To 'Grover's Jack Abramoff'
To 'The Flaw In Grover Norquist's Evil Plan'
To 'Coburn spars with Norquist over tax breaks for ethanol'
To 'Anti-tax pledge directs budget debates nationwide'
To 'Democrats, Republicans See Clashing Debt Views
Bolstered by S&P Revision'
To 'Moody’s, S&P Caved In to Ratings Pressure
From Goldman, UBS Over Mortgages'
To 'Rating Agencies'
To 'Rand Paul Threatens To Filibuster Budget Deal'
To 'Rant Paul Rants'
To 'Bush League Bankers'
To 'Secret Koch Boy Conspiracies'
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