flying cuttlefish picayune

Some articles of note –

MarketWatch –  Kiss the AAA rating of the U.S. goodbye 

World Socialist Website – Wall Street steps up pressure for deal on budget cuts

Hussain Khan reports China is buying up Japan

Mike Davis inspires our headline with his essay “Crash Club”.

There, after all, are the Tea Party Republicans, accelerator punched to the floor, grinning like demons as they approach Deadman’s Curve. (House speaker John Boehner and New York Times columnist David Brooks, in the back seat, are of course screaming in fear.) 

David Goldman writes about Treasuries Downgrade possibility.

A downgrade (and, more importantly, the Obama administration’s incompetence and brinksmanship that provoked the downgrade) would accelerate efforts to replace the dollar as a world reserve currency.  

Or are the Daddy Warbucks crew just playing chicken to cow the (out of) working class??