Report: Tim Geithner threatened S&P after it downgraded America’s credit rating in 2011 « Hot Air: "My favorite part of this is a DOJ official wondering why no one had made this allegation publicly until now, more than two and a half years after it supposedly happened. Any theories on why a business that had already been threatened by a cabinet member but couldn’t prove it might want to keep mum lest it piss him off further? How many minor or major threats are government officials involved in daily, do you suppose, and how many get reported? (Timothy Carney cites a few examples from Hopenchange’s first term in his post about this.) Sometimes they don’t even bother to hide it: Remember, one of the reasons HHS was able to “convince” insurance companies to start moving ObamaCare deadlines around is because Sebelius threatened to boot companies from the exchanges next year if they didn’t comply. When you can strong-arm private industry in public, without fear of reprisal, that’s when you know you’re on the road to a de facto, if not de jure, government takeover."
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