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August 8th, 2011
The Govenment Causes Downgrade

More than 48 hours after Standard & Poors lowered its triple-A credit rating for the United States, President Obama has not said a thing about it, although one of his advisers is blaming tea party conservatives.

The president's Saturday morning radio address had been taped in advance of his weekend trip to Camp David, but if he chooses to, the president can always do a live broadcast to reflect changing events. S&P's downgrade was announced Friday after the stock markets closed.

According to the White House Web site, Obama has "no public schedule" on Monday, but Politico reported he will attend two fund-raisers in Washington Monday evening.

The president's adviser David Axelrod told CBS's "Face the Nation" on Sunday that the S&P's downgrade from AAA to AA+ for the first time in U.S. history was a "tea party downgrade."

"I think first of all, people are less concerned about that than where we go moving forward," Axelrod said. "But let's look at the history of this: The fact of the matter is that this is essentially a tea party downgrade. The tea party brought us to the brink of a default," Axelrod said. 

(Source)

Yeah, because a minority representation that's only had eight months of influence is capable of THAT much.


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