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Is the Moody’s Downgrade the End of American Exceptionalism? (jacobin.com)

submitted 1 day ago by [email protected] to c/[email protected]

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Moody’s decision to downgrade the US’s credit rating is a slap on the wrist. In the past, the US might have dismissed it, but investors are signaling they think America is fundamentally untrustworthy — and they may soon put hard limits on Trump's program.

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[–] [email protected] 0 points 1 day ago

I'm not sure in which bubble you are living in, but US is notorious for flip flopping on their policies with each new presidency. Each new president that comes in and reverses most of the things the last president did. That's literally has been the case since the country's founding exactly because of the separation of power.

That is why Biden keeping many of the previous Trumop policies was noteworthy and scary for the rest of the world.