Another Historic First for Obama!

By Proof

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A credit downgrade for the first time in American history! How's that Hope and Change working out for you?

Standard & Poor’s announced Friday night that it has downgraded the U.S. sterling credit rating for the first time...S&P decided to lower the AAA rating, held by the United States for 70 years, to AA+ after a bipartisan debt deal signed into law this week failed to assuage concerns about the nation’s growing spending.


Frankly, the country deserves a little better than merely "historic".

Cross posted at Proof Positive
Discussion: Memeorandum

5 comments:

  1. just shoot me now. i don't want to see how this ends.

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  2. It's going to be ugly. No telling where the stock market will bottom out before it starts to rebound.

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  3. All hail the end of the economic prosperity. Can the Media grown a brain? Oh wait, they don't have any. Even Carter couldn't mastermind this bad of economic policies to the point of a downgrade. Now I understand why the founding fathers wanted to be sure someone loyal to America, not some Kenyan or Indonesian loyalist to become president. We voted in a 3rd world man, and now we're getting a 3rd world economy.

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  4. Hold on folks; it's going to be a bumpy ride

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  5. Maybe just maybe, the people will wake up and throw the elitist bums out.

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