Obama’s Failure: S&P Downgrades U.S. AAA Rating

Heckuva job, Barry. You’ve tanked the economy and now wrecked our credit rating. But don’t let us interrupt your parties or golf. Maybe Obama should have put Osama bin Laden body on ice, because this week would have been the week he needs anything he can use to look at least half was decent.

The credit rating agency Standard & Poor’s says it has downgraded the United States’ credit rating for the first time in the history of the ratings. This is the ultimate blunder on Obama watch, although we can expect liberals to somehow pin this on Bush, whom by the way has not been president for over two and half years.

The credit rating agency says that it is cutting the country’s top AAA rating by one notch to AA-plus. The credit agency said late Friday that it is making the move because the deficit reduction plan passed by Congress on Tuesday did not go far enough to stabilize the country’s debt situation.

A source familiar with the discussions said that the Obama administration believes S&P’s analysis contained “deep and fundamental flaws.” Proponents say the leadership in the Whitehouse is the main reason for the recent credit failure!

Sure, it’s always someone else’s fault, and you bet Obama will be pointing the fingers anywhere but to himself, he is only the president after all.

Remember when tax cheat Timmy Geithner said this?

Treasury Secretary Tim Geithner said Tuesday there is “no risk” the U.S. will lose its top credit rating amid a new analysis that revised its outlook on American debt to “negative.”

Good times, good times indeed, thats what Obama’s Whitehouse keep selling the unemployed or foreclosed on Americans

There is no chance that the U.S. will lose its top credit rating, Geithner said, forcefully disputing the notion that S&P or other ratings services might downgrade U.S. bonds from their current AAA rating.

No chance huh?

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