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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] 1 points 9 hours ago (1 children)

Pretty sure "American Exceptionalism" was never a real thing.

[–] [email protected] 3 points 9 hours ago

Sure it was. All it took was a massive war that destroyed the manufacturing capabilities of most other modern countries and a significantly higher tax rate on the rich.