But they did send out their Cronies on the Sunday news shows and blame the GOP and calling the Standard and Poors Rating change the, “Tea Party Downgrade”. They say this despite the real resistance from working toward 4 Trillion in cuts finds itself squarely on the Democrat Party. Democrats ignored shots across the bow like the Dagong Global Credit Rating service lowered the United States to A+ last November.
The Obama Administration sent out David Axelrod, who didn’t even want Obama to admit the Tea Party existed, Blamed, in their own words a “fringe group” for causing the reduction of the most powerful county in the Worlds credit rating. If it weren’t so serious, one would laugh on the ground.
Here is another example of Obama being way over his head.
It’s been 48 hours now since Standard and Poors downgraded the US credit rating.
On Friday the United States lost its coveted AAA credit rating. Credit rating agency Standard & Poor’s downgraded the nation’s rating for the first time since the U.S. won the top ranking in 1917. 18 countries now have a better credit rating than the US.
Barack Obama has still not released a statement.
Jay Carney, The White House Press Secretary put out this statement on Saturday but did not mention Standard and Poors once
Statement from the Press Secretary
The President believes it is important that our elected leaders come together to strengthen our economy and put our nation on a stronger fiscal footing.
The bipartisan compromise on deficit reduction was an important step in the right direction. Yet, the path to getting there took too long and was at times too divisive. We must do better to make clear our nation’s will, capacity and commitment to work together to tackle our major fiscal and economic challenges.
Over the past weeks and months the President repeatedly called for substantial deficit reduction through both long-term entitlement changes and revenues through tax reform, with additional measures to spark jobs and strengthen our recovery. That is why the President pushed for a grand bargain that would include all of these elements and require compromise and cooperation from all sides.
Over the coming weeks the President will strongly encourage the bipartisan fiscal committee as well as all members of Congress to put our common commitment to a stronger recovery and a sounder long-term fiscal path above our political and ideological differences.
- Standard & Poors to downgrade the U.S. credit rating if no Agreement is reached on Debt Ceiling (politisite.com)
- You Knew This Was Coming… Top White House Adviser Blames Tea Party for S&P Downgrade (Video) (thegatewaypundit.com)
- For whom the downgrade tolls (hotair.com)