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Schneed10 · 08-05-2011, 11:35 PM

The S&P called out both parties in this release. They said that the US failed to do what the Democrats wanted and the Republicans blocked - raise tax revenue; and failed to do what the Republicans wanted and the Democrats blocked - hack away at entitlements.

We deserve this downgrade.

HUGE hit to Obama's re-election bid here. Regardless of who you like to point the finger at, the public by and large is going to view this as having happened on Obama's watch. He gets to go down as the president who presided over America's first downgrade in credit. He's as good as gone.

08-05-2011, 11:35 PM	#5
Schneed10 A Dude Join Date: Feb 2005 Location: Newtown Square, PA Age: 46 Posts: 12,458	Re: US Credit Rating Downgraded To AA+ The S&P called out both parties in this release. They said that the US failed to do what the Democrats wanted and the Republicans blocked - raise tax revenue; and failed to do what the Republicans wanted and the Democrats blocked - hack away at entitlements. We deserve this downgrade. HUGE hit to Obama's re-election bid here. Regardless of who you like to point the finger at, the public by and large is going to view this as having happened on Obama's watch. He gets to go down as the president who presided over America's first downgrade in credit. He's as good as gone. __________________ God made certain people to play football. He was one of them.