Dems Use Downgrade to Amplify Anti-Tea Party Charges and Dow Jones Plummets
Dems Use Downgrade to Amplify Anti-Tea Party Charges
Published August 08, 2011
| FoxNews.com
AP
In this Jan. 28 photo, Obama adviser David Axelrod is interviewed by the Associated Press in his West Wing Office at the White House.
In the wake of a bruising battle over the debt ceiling and now a first-ever credit downgrade, Democrats have launched a salvo of rhetorical attacks on the Tea Party and appear determined to blame the movement for everything from the debt crisis to the sputtering economy.
"I think they're totally unreasonable and doctrinaire and not founded in reality. I think they've been smoking some of that tea, not just drinking it," former Democratic presidential candidate and Democratic National Committee ChairmanHoward Dean said.
The term "Tea Party downgrade" gained currency over the weekend as Democratic leaders took to the airwaves to cast Standard & Poor's decision to downgrade U.S. credit as a Tea Party-triggered event.
They argue that because the rating agency cited the toxic political environment in its decision, the Tea Party is culpable.
SELLING ACCELERATES: DOW DIVES 550 POINTS BELOW 11,000, VOLATILITY ...
Stocks in Selloff Mode: The selloff on Wall Street heated up, volatility surged more than 30%, and the Dow nose dived below the 11,000 mark, as traders made a flight from beleaguered equity markets.
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