| U.S. Credit Downgrade: Another Obama First! By Ben Johnson, The White House Watch |
| Three years ago, many well-meaning Americans suspended concerns about Barack Obama's experience, judgment, and associations in order to vote for an "historic" president. To paraphrase H.L. Mencken, they got one -- good and hard. Friday night, for the first time in history, Standard & Poor's downgraded the U.S. credit rating from AAA to AA+. The United States earned the top rating the moment such rankings began in 1917 -- which means we maintained our AAA rating through the Great Depression, stagflation, malaise, and the 1982 recession. Thirty months of Barack Obama, and it is gone for the first time in history. Change we can believe in! The retrogression is neither surprising nor is it the only "historic" first The One has perpetrated against the United States. Obama cajoled Congress for weeks that it had to.... |
| Read More and Comment: |
No comments:
Post a Comment