THE DOWNGRADE: How much is Obama really to blame? Not much, apparently.
DIMINISHING CREDIBILITY: Administration looks to minimise influence of S&P decision. "There were no plans so far for Obama to address the
S&P action himself, something his aides said would bolster the
credibility of the ratings company, which the administration and
its allies were trying to diminish throughout the weekend. The Treasury Department said S&P made a $2 trillion error
in calculating the government’s debt in the initial analysis it
presented the government."