Debt downgrade as Sputnik moment?
Within a commentary in Financial Times on the downgrade of US debt, one finds an allusion to the term "Sputnik moment":
For the sake of their country and the wider global economy, both parties should resist the urge to begin bickering. Instead they should seize this potential “Sputnik Moment” — a visible shock to the national psyche that can unify Americans around a common vision and a renewed sense of purpose — that of halting gradual secular decline by putting the country back on the path of high growth, job creation and financial soundness.
A Sputnik moment requires the presence of an event not foreseen and not in keeping with expectations. The downgrade was foreseen, at least by some.
See also
A "Sputnik moment", again and again?
For the sake of their country and the wider global economy, both parties should resist the urge to begin bickering. Instead they should seize this potential “Sputnik Moment” — a visible shock to the national psyche that can unify Americans around a common vision and a renewed sense of purpose — that of halting gradual secular decline by putting the country back on the path of high growth, job creation and financial soundness.
A Sputnik moment requires the presence of an event not foreseen and not in keeping with expectations. The downgrade was foreseen, at least by some.
See also
A "Sputnik moment", again and again?
posted by Lawrence B. Ebert at 4:46 AM
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