My thought is the economy was in such bad shape at the end of the Bush administration that Obama had to try something, even if it was wrong. That's why you have the stimulus, which turns out was too small. That's also why you have the healthcare overhaul. That's also why you had the FHA $8,000 First-Time Home Buyer Tax Credit (of which yours truly was a beneficiary) and the Cash for Clunkers. If the President hadn't done anything, I fear we would be even worse than we are now. We were flat on our backs when Obama took office. We're now starting to be able to sit up, but everybody, including the President, knows we have a long way to go. The credit rating drop was probably going to happen regardless given our economic state, and I place little blame on either Bush or Obama for that. There is all this talk about us going over the fiscal cliff in the next few months if we don't get a budget passed. We were just about ready to fall off the same fiscal cliff in January 2009 and Obama had to do everything he could think of to keep us from falling off the edge. Not to mention, we were fighting two wars on a credit card. Things are not much better now, but at least we're not at rock bottom right now. There's still a LONG way to go, but slowly but surely we'll get there.
All this post amounts to is making excuses for Obama. If he tried something and it was wrong, he needs to be voted out. The downgrade happened q3 2011, long after Obama's stimulus etc came into effect. Can't blame bush for a downgrade 3 years after he left office, since shockingly, it wasn't downgraded during his presidency. Continued "negative outlooks" do not point to a significant improvement in the future under Obama's tried and tired policies.
And p.s. wars still being fought on credit cards, only today the mantra is Seemingly "now with drones!