Obama scored another historical first on Friday, becoming the first president to see the U.S. credit rating downgraded by Standard & Poor's, from AAA to AA+. While we hope his presidential reign lasts no longer than January 2013, Americans may have to live with the consequences of Obamanomics for more than a decade to come. The chairman of Standard & Poor’s sovereign debt ratings, John … [Read more...]
Obama’s Downgrade May Last Until 2029
August 9, 2011 By Ben Johnson
Filed Under: *Featured Bottom Right, Big Government, Bill Clinton, China, Democrats, Economics, Floyd Reports, Obama administration, Obama appointees, Politics, Republicans, Spending, The Clintons Tagged With: Barack Obama, Barry Eichengreen, Ben Johnson, Bill Clinton, Birkshire Hathaway, China, conservative, Dagong Global Credit Rating, David Axelrod, debt ceiling, Dow Jones, Economics, editor, FrontPage Magazine, FrontPageMag.com, Guan Jianzhong, Hillary Clinton, John Chambers, John Kerry, journalist, NASDAQ, National Debt, News, Obama's downgrade, Politics, Standard & Poor's (S&P), stock market, tea party, Tea Party Movement, Timothy Geithner, U.S. Credit Rating, U.S. dollar, University of California-Berkeley (UCB), Wall Street Journal, Warren Buffett, Xinhua news agency
