Sunday, August 7, 2011

So this is what Obama meant when promised "Hope and Change"? First ever downgrade

But... but... Obama got the debt increase he wanted, the stimulus, Obama-care and his treasury secretary said a downgrade won't happen.

Good thing classless Democrats know exactly where to place the blame - the American People and their representatives from the Tea Party.


Yes, this Tax avoiding douche-bag, is lecturing America it's the people's fault - for not paying enough taxes. John Kerry - the biggest douche-bag in the world.

U.S. Senate Blame Game Vitriol Demonstrates S&P Disgust
Standard & Poor's faulted political entrenchment in Washington for this weekend's U.S. credit rating downgrade, but it was lawmakers on Sunday bickering over S&P's move that provided insight into how such a decision could be reached.

"I believe this is without question the Tea Party downgrade," said Sen. John Kerry, D-Mass. "This is the Tea Party downgrade because a minority of people in the House of Representatives countered even the will of many Republicans in the United States Senate who were prepared to do a bigger deal."

"I agree that there is dysfunction in our system, and a lot of it has to do with the failure of the president of the United States to lead," responded Sen. John McCain, R-Ariz. "The fact is that the president never came forward with a plan. I was gratified to hear that he had plans, but it was never a specific plan, it was always the so-called leading from behind."

On Friday, S&P lowered the credit rating from AAA to AA+, it said, because Congress and the administration were too partisan to get anything done that would significantly improve the nation's debt outlook.

"The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed," S&P said in its announcement.

"The downgrade reflects our view that the effectiveness, stability and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic
challenges," the announcement continued.

For Democrats, blame lies with Republicans who refused to allow tax increases.

"We need a balanced approach. And the extremism, the Tea Party obstructionism here in Washington, is keeping us from restoring that balanced approach that America has always used of investing in the future, investing in job creation, and also being fiscally responsible at the same time," said Maryland Gov. Martin O'Malley.

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