The once mighty $?

Loss of confidence in dollar may turn out to be our greatest economic problem.  Moody's, the rating agency, is threatening to take away our triple-A credit rating. Some feel this is undue pressure from Wall Street, but nobody wants to take the risk of finding out. Moody's hour on the stage is getting attention as media focus is on maintaining our credit rating now that Washington has finally decided to make a deal on our debt ceiling.

A German paper contains an item about a Civil War atmosphere in Washington. This is absolute nonsense and the writer, possibly a commenter writing an editorial opinion, has no understanding of either the Civil War or Washington.

What is happening is that our politicians are fighting for themselves, re-election, their financial backers and their pet projects; all under the guise of helping America and its people. We seriously need to rotate the crop and from hybrid seed that has not been tainted with the infestation of self-interest promoted by overweening egos.

It could be argued that the compromise vote was the best on offer. After all, everyone is displeased, or claims to be. The loony right is moaning a bit, but they moan every time Obama's name is mention and, like the boy who cried wolf, can no longer be trusted.

We shall see and in my opinion an evaluation of the compromise is best left to history.