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White House communications director Steven Cheung reacted to the downgrade via a social media post, singling out Moody's economist, Mark Zandi, for criticism. H
by thomassmith65 1y ago
White House communications director Steven Cheung reacted to the downgrade via a social media post, singling out Moody's economist, Mark Zandi, for criticism. He called Zandi a political opponent of Trump.
https://reuters.com/markets/us/moodys-downgrades-us-aa1-rating-2025-05-16/ https://reuters.com/markets/us/moodys-downgrades-us-aa1-rati...
It's always someone else's fault.
- insane_dreamer 1y agoI was wondering how long it would take before Trump targeted Moody.
- Terr_ 1y agoI'd wager that's a significant portion of the reason Moody's tried to spread the blame across multiple administrations: They know the current one is thin-skinned and prone to illegal retaliation.
- chneu 1y agoLol he attacked Walmart because Walmart said they're raising prices in response to the tariffs.
- brandensilva 1y agoI think the real reason is a Walmart heir put out an ad encouraging people to be civically responsible which Trump admin saw as defiance to him. Plus I assume they aren't bribing Trump like the tech bros are.
- insane_dreamer 1y agoThey weren’t in the front row at the inauguration. But I think they’re much less vulnerable than tech companies.