In an under reported story- S&P clarifies it was the GOP's fault

[NJMaverick]

Quote:A Standard & Poor’s director said for the first time Thursday that one reason the United States lost its triple-A credit rating was that several lawmakers expressed skepticism about the serious consequences of a credit default — a position put forth by some Republicans.

Without specifically mentioning Republicans, S&P senior director Joydeep Mukherji said the stability and effectiveness of American political institutions were undermined by the fact that “people in the political arena were even talking about a potential default,” Mukherji said.

“That a country even has such voices, albeit a minority, is something notable,” he added. “This kind of rhetoric is not common amongst AAA sovereigns.”

The statement seems likely to bolster one Democratic line of attack, that it was tea party intransigence — not a shortcoming of leadership by President Barack Obama — that is to blame for the U.S. downgrade, from AAA to AA+. Obama himself called on Republicans to “put country ahead of party” Thursday — a dig at conservatives in Congress who are blocking his agenda.

Read more: http://www.politico.com/news/stories/081...z1Uv9VZf8S

[jaxx]

the stability and effectiveness of American political institutions were undermined by the fact that “people in the political arena were even talking about a potential default"

Wow, flat out stating the teabaggers are undermining the country. We know this and the fools on the GOP campaign trail say they would not accept a 10-1 compromise on a little revenue to boost our bottom line. This is something that needs to be brought up every time the teabaggers go on their no tax rants.....you are undermining the USA.

[nofurylike]

"a dig at conservatives"?

absolutely "under reported"!!!

and yes, we must repeat that everywhere possbile. press releases to all media, in fact. daily, even.

thank you for posting that, NJMaverick!

[Cha]

Kick!

[There Is No Spoon]

IOW:

S&P punishes GOP for trying to take down the US economy by threatening default, thus ensuring the success of the Republican's ploy.


Does S&P witness the irony of their statements on this?