American downgrade and what John Key has in common with the Tea Party
So the US have lost their cherished AAA rating.
No surprise there. Watching Communist China lecture Free Market America for the Milton Friedman dogma that passes as economic policy in the US must surely be one of the most entertaining ironies of all time.
Tea Party activists who put the mental back into fundamental held the planet to ransom just so the wealthiest 1% didn't have to pay a single extra cent in tax, and we can see the exact same blinded ideological policy with John Key. Just like the Tea Party crazies, Key and the National Party refuse to put the tax burden on those who can most afford it and rely on trickle down hogwash to by-pass any critical analysis of their greed masquerading as the 'spirit of enterprise'.
The venal corporate greed that created the 2008 crash was an injury, demanding the wealthy maintain their power while asking the rest to make sacrifice is the insult.