It happened on Obama's watch

[Mornac]

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[johnhp]

Great logic Mornac.

[ivanm]

He didn't allow space on the dial for Wonder Boy's great golf game.

[makesenseplease]

He didn't allow space on the dial for Wonder Boy's great golf game.

Golf is on speed dial.  There's no need to put it on the face.

[IM2]

Again the right wing obsession with this downgrade ignores some critical facts. S&P is one of three companies that is respected and whose ratings are recognized. The other two gave the USA a rating that is equivalent to the S&P AAA+. So then we are talking about essentially a downgrade that really doesn't exist. Secondly the AA+ rating means that the US bond rating is still very strong, so again anyone happy about a downgrade and uses it to politically condemn Obama is silly. So then 1 out of 3 bond rating agencies says that the USA 's bond rating is very strong, and 2 others say is superior.

So then this downgrade you claim happened on Obamas watch, well, it never really happened.

OBTW, S&P is also a company that rated mortgage backed securities AAA+.