Obama: Sees US credit downgraded, goes to dinner…

Posted by on August 5, 2011 10:44 pm
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Tomorrow, he golfs.

They always call Obama a historic President, today he breaks ground again;

Standard & Poor’s announced Friday night that it has downgraded the United States credit rating for the first time, dealing a huge symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system.

Lowering the nation’s rating one-notch below AAA, the credit rating company said “political brinkmanship” in the debate over the debt had made the U.S. government’s ability to manage its finances “less stable, less effective and less predictable.” It said the bi-partisan agreement reached this week to find $2.1 trillion in budget savings “fell short” of what was necessary to tame the nation’s debt over time and predicted that leaders would have no luck achieving more savings later on.

Two World Wars, a Great Depression, the Cold War, all the Presidents in between; none managed the US economy into a credit downgrade until Obama.

Just an ordinary, average guy

Crossposted to Tow Dog

6 responses to Obama: Sees US credit downgraded, goes to dinner…

  1. cactusjack August 5th, 2011 at 11:05 pm

    SHAME!

    How will the MSM window-dress this?

    • EastBayLarry August 5th, 2011 at 11:12 pm

      Blame it on the Republicans, then ignore it because the next emergency will have arrived.

      You know…
      LOOK! Over there! A Unicorn!

    • TNJim August 6th, 2011 at 4:08 am

      CJ the spin could well be something like this:

      GOP’s delaying tactics on debt ceiling vote causes downgrade. Tea party also to blame. Also, Bush!

  2. nessa August 5th, 2011 at 11:56 pm

    Jimmy Carter is the happiest man in the world tonight. After 30 years there is no doubt his title of “Worst President in History” has been usurped.

  3. texasgalt August 6th, 2011 at 12:20 am

    Obama delivers on fundamental change

  4. JadedByPolitics August 6th, 2011 at 4:22 am

    This man is doing what he set out to do, DESTROY the USA!

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