“This is really a mismanaged country.”

Now S&P is the target of those who support this country’s disastrous fiscal policies.  An investment banker made the most valuable comment in this story.

Solomon said yesterday in a telephone interview that politicians are wrong to criticize S&P’s decision. “If I were a politician I wouldn’t shoot the messenger,” he said. “This is really a mismanaged country.”

A couple of weeks ago, casino mogul and self-described Democrat Steve Wynn made his assessment of our current policies. I wrote about it Friday in this Carolina Journal column.

Casino mogul and entrepreneur Steve Wynn, CEO of Wynn Resorts, recently put into words the essence of my view. During a conference call to discuss his company’s quarterly results, Wynn addressed the negative impact of overreaching government. According to the call transcript provided by Seeking Alpha, he said in part: “And I’m saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation, in my lifetime. And I can prove it, and I could spend the next three hours giving you examples of all of us in this marketplace that are frightened to death about all the new regulations, our health care costs escalate, regulations coming from left and right.”

 

Folks, it’s not the ratings agency that should be criticized for where this country finds itself today. It’s the ill-advised policies we’ve implemented.