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


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

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

  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.

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

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


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