August 30, 2012
The AAA Credit Rating Lie: Is Obama Responsible for the S&P Downgrade?
THE LIE
August 30, 2012
THE LIE
August 8, 2011
I could be wrong, but I do believe there is a trend in extreme right-wing thinking. It goes something like this: If you dream it up and it makes sense to you then it must be fact. That is the only way to explain the following statement from Michele Bachmann regarding the S&P downgrade:
August 7, 2011
On Friday Standard & Poor’s lowered the AAA credit rating of the United States. The new credit rating is now AA+ and it marks the first time in history that the U.S. has had its credit rating lowered. It probably doesn’t even need mention that this will serve as political ammunition for opponents to President Obama. It will be beside the point that the Republicans use of the debt ceiling for political advantage is the only reason the United States came precariously close to a first ever default on its financial obligations.