Obama’s Downgrade May Last Until 2029

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...]

U.S. Credit Downgrade: Another Obama First!

Three years ago, many well-meaning Americans suspended concerns about Barack Obama's experience, judgment, and associations in order to vote for an "historic" president. To paraphrase H.L. Mencken, they got one -- good and hard. Friday night, for the first time in history, Standard & Poor's downgraded the U.S. credit rating from AAA to AA+. The United States earned the top rating the moment … [Read more...]

Daily New Round-Up, April 20

More failed diplomacy: Obama tried to keep Standard & Poor's from lowering U.S. credit rating. (First he loses the Olympics, now this. At least he can still outmaneuver John Boehner.)   What's the Worst that Could Happen? Obama gives Libyan rebels $25 million. (Hillary admits we do not know who the "rebels" are but some of them are tied to al-Qaeda. The president will … [Read more...]