It is hilarious how people blame Obama for the credit downgrade, when S&P blamed Republicans for the downgrade for refusing any measure to raise revenue.
Partisan hack, you are.
S&P cited "difficulties in bridging the Gulf between political parties" and "Political brinkmanship" in their review of the downgrade. Last time I checked it takes two to tango.
They mention both parties as being responsible, but I guess when you read the report you don't see the 'democrats' in the phrase "republicans and democrats have only been able to agree to relatively modest savings on discretionary spending"
You forgot to add this little part.
"Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act."
Yes.....it was their fault.
