Robert Reich Calls S&P "Extortionists"

Robert Reich calls Standard and Poors a bad name:

With Republicans in the majority in the House, there's no way to lop $4 trillion of the budget without harming Social Security, Medicare, and Medicaid, as well as education, Pell grants, healthcare, highways and bridges, and everything else the middle class and poor rely on.

And you thought Republicans were the only extortionists around.

Speaking of Pell grants, Professor Reich and his colleagues at the University of California claim they levitate above class conflict and self-interest but they were the number 1 donors to Barack Obama's 2008 campaign. We are sure University of California employees understand the "extortion" of the taxpayer.