“If this downgrade holds, then it’s another example in a long line of
examples of the President’s failure of leadership. Is anyone surprised
at this point? There are 14 million people out of work and looking to
the White House for answers – but they are receiving nothing but a blank
stare. The markets are scared and the credit downgrade has happened
because the President and this Congress continue to address the symptoms
and not the disease. This nation is spending more money than it takes
in and the world knows it – now, it’s time to show the world that the
United States has the fortitude and resolve to pass a Balanced Budget
Amendment to stop out of control spending and shrink the scope of
government once and for all. The deal the President cut with Congress
was supposed to avoid this downgrade but all it did was once again kick
the can down the road.
President Obama and his Administration have been a failure.
I understand the US Treasury is going back to Standard and Poors to say that a two trillion dollar mathematical error by S&P contributed to the downgrade. So, in addition to blaming President Bush for all of its problems, now the White House is blaming S&P – but this happened on the President’s watch – and he has to deal with it. I guess President Obama is left to cling to the “hope” that a mathematical error caused this. Is that the “hope” the President was talking about?
Folks, an AA rating should be so far in our rear view mirror that no mathematical error should affect it.
Tonight, I’m saddened for the millions out of work – but I’m hopeful that I will replace Barack Obama as President and get this country and its economy moving again.
President Obama and his Administration have been a failure.
I understand the US Treasury is going back to Standard and Poors to say that a two trillion dollar mathematical error by S&P contributed to the downgrade. So, in addition to blaming President Bush for all of its problems, now the White House is blaming S&P – but this happened on the President’s watch – and he has to deal with it. I guess President Obama is left to cling to the “hope” that a mathematical error caused this. Is that the “hope” the President was talking about?
Folks, an AA rating should be so far in our rear view mirror that no mathematical error should affect it.
Tonight, I’m saddened for the millions out of work – but I’m hopeful that I will replace Barack Obama as President and get this country and its economy moving again.
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