The stock market is in a freefall, losing 5 percent of its value today.
Our country’s rising deficit will cause unfathomable financial problems in the future. Partisan politics in Washington will make it difficult to prevent those problems.
So instead of thanking S&P for stating the obvious and using this well deserved global embarrassment as a motivation to get our finances in order, Obama calls out the S&P, disputes, points out errors, ries to make them the bad guy. After all, a midterm election is coming up and the rule in Washington is to win reelection rather than taking necessary actions regardless of the political fallout.
Now I’m stepping off my soap box. Carry on.