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August 8, 2011 3:50 PM

Credit ratings agencies in crosshairs after U.S. downgrade

The Obama administration's response to the downgrade of the U.S. credit rating has been nearly identical to that of other countries that have suffered the ignominious hit to their reputations: attacking the messenger. In doing so, the administration is arguing that the United States is different from the rest of the world. Is it?

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