Obama: Sees US credit downgraded, goes to dinner…

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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

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Erick Brockway
Work seven days a week at two jobs, a newly RETIRED EO1 (E6) in the Navy Reserves (Seabees), blog when I can from cellphone and computer. @erickbrockway #catcot #tcot

Currently living in Camarillo, CA, about 45 miles North of LA. I have a wife (20+ years) son, and two daughters.
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Work seven days a week at two jobs, a newly RETIRED EO1 (E6) in the Navy Reserves (Seabees), blog when I can from cellphone and computer. @erickbrockway #catcot #tcot Currently living in Camarillo, CA, about 45 miles North of LA. I have a wife (20+ years) son, and two daughters.

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cactusjack
cactusjack
August 5, 2011 11:05 pm

SHAME!

How will the MSM window-dress this?

nessa
Editor
August 5, 2011 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.

texasgalt
Editor
August 6, 2011 12:20 am

Obama delivers on fundamental change

JadedByPolitics
Admin
August 6, 2011 4:22 am

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