Qtec
08-07-2011, 02:06 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Amid Criticism on Downgrade of U.S., S.&P. Fires Back
By NELSON D. SCHWARTZ and ERIC DASH
The day after Standard & Poor’s took the unprecedented step of stripping the United States government of its top credit rating, the ratings agency offered a full-throated defense of its decision, <span style='font-size: 14pt'>calling the bitter stand-off between President Obama and Congress over raising the debt ceiling a “debacle.” It warned that further downgrades may lie ahead.</span>
In an unusual Saturday conference call with reporters, senior S.& P. officials insisted the ratings firm hadn’t overstepped its bounds<u> by focusing on the political paralysis in Washington as much as fiscal policy in determining the new rating.</u> <span style='font-size: 17pt'>“The debacle over the debt ceiling continued until almost the midnight hour,”</span> said John B. Chambers, chairman of S.& P.’s sovereign ratings committee. </div></div> link (http://www.nytimes.com/2011/08/07/business/a-rush-to-assess-standard-and-poors-downgrade-of-united-states-credit-rating.html?_r=1&hphttp://)
Bingo.
The GOP/TP caused this.
The TP's first contribution to governing was to destroy the US credit rating.
Well done guys.
Q
By NELSON D. SCHWARTZ and ERIC DASH
The day after Standard & Poor’s took the unprecedented step of stripping the United States government of its top credit rating, the ratings agency offered a full-throated defense of its decision, <span style='font-size: 14pt'>calling the bitter stand-off between President Obama and Congress over raising the debt ceiling a “debacle.” It warned that further downgrades may lie ahead.</span>
In an unusual Saturday conference call with reporters, senior S.& P. officials insisted the ratings firm hadn’t overstepped its bounds<u> by focusing on the political paralysis in Washington as much as fiscal policy in determining the new rating.</u> <span style='font-size: 17pt'>“The debacle over the debt ceiling continued until almost the midnight hour,”</span> said John B. Chambers, chairman of S.& P.’s sovereign ratings committee. </div></div> link (http://www.nytimes.com/2011/08/07/business/a-rush-to-assess-standard-and-poors-downgrade-of-united-states-credit-rating.html?_r=1&hphttp://)
Bingo.
The GOP/TP caused this.
The TP's first contribution to governing was to destroy the US credit rating.
Well done guys.
Q