It is something of an unusual development that the opposition party in a major economic power put the global economy at risk and contributes to downgrading their own country’s credit rating for little reason other than their desire to make the incumbent chief executive look bad and modestly improve their own party’s chances in the national elections which are still 15 months away. The story of one of that party’s leading candidates reacting to all this by holding a rally to call upon divine intervention to help his country and to mobilize his party’s fundamentalist religious base, is also notable. This is, of course, the state of political affairs in the U.S. as it might be seen from Moscow, Brussels, or from Beijing, America’s biggest creditor.