“Ratings agency Standard and Poor's said in mid-July there
was a 50-50 chance it would cut U.S. ratings in the next three
months if lawmakers failed to craft a meaningful
deficit-cutting plan. S&P could downgrade U.S. ratings soon after the bill issigned by Obama, given that the agency will have all the
information it needs to make a decision.” Did you read that carefully?Knowing how effective or innefective the debt deal alone is, is enough to make the decision. We know the debt deal is really just more deficit spending, so whaere do you think the rating is going?
“Geithner, along with Federal Reserve Chairman Ben Bernanke, have warned that failure to raise the debt ceiling could send shockwaves throughout the financial community and lead to massive job losses” Wait, wasn’t the Tea Party risking our credit rating by not just raising the debt limit? How many times did we hear that? In reality the massive debt the Tea Party fought against is the problem. And now that Obama and Reid has successfully raised the debt limit our credit rating is in jeopardy. Doesn’t that make Obama, Redi, Geithner, and Bernanke the real villains and culprits for the rating drop?
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