Myself, I'm downgrading Moody's

That's right inter­nets. I'm rat­ing them 'neg­a­tive'. I am earnestly and sin­cerely advis­ing my friends fam­ily and blog read­ers to not buy their shares, not apply for jobs there and not buy any­thing from their bond rat­ing stuff store. (I won­der what it would sell - lit­tle cur­rency stuffy toys?).

And I'm sure you all really care deeply. You must. I mean why not? After all appar­ently we care deeply that Moody's has down­graded Ontario's credit rat­ing.

We care deeply despite the fact that Moody's is a pub­licly-traded, for-profit cor­po­ra­tion account­able to exactly no one except its share­hold­ers who count dis­pro­por­tion­ately among those who might expect a slightly higher tax bill than last year because of Ontario's shiny new demi-mil­lion­aire tax.

We care deeply despite the fact that Moody's bread and but­ter is sup­ply­ing credit rat­ings to com­pa­nies and pre­sum­ably gov­ern­ments who pay them to be rated. One won­ders why the McGuinty gov­ern­ment didn't sim­ply just pay Moody's a bit more to keep in their good books.

We care deeply what Moody's thinks because we're con­cerned now that they've put this teensy weensy two per cent tax on those who earn more than half a mil­lion per year that sud­denly all of Ontario will dis­ap­pear overnight.

We care deeply because our fears are actu­ally much more pro­found than that. We fear that all of Ontario's rivers will stop flow­ing, all of its trees will turn to saw­dust, all of its peo­ple will sud­denly become encased in jello and unable to work or pull down a salary. All 13 mil­lion of us. Leav­ing no one, even, to mar­ket the jello. Or maybe it's orange flavoured - every­one hates that stuff.

Yes we care deeply because if that whole democ­racy busi­ness gets out of hand and the will of the peo­ple of Ontario is to put even the slight­est bit of bur­den on those who can bear it, we know we can always count on the power of money to bring those upstarts to heel.

But who are they to the folks who are try­ing to get by, try­ing to find child care, try­ing to fix their schools, bring­ing wipes to the hos­pi­tal because they know there's no money for proper clean­ing? They're no more to them than I am to you.

I do sin­cerely hope we don't let them trump our elected rep­re­sen­ta­tives' deci­sion to take at least some of the money for pay­ing down the deficit from those who have ben­e­fited most from the government's largesse over the years.