Home Politics Atheism Culture Books
Colophon Contact RSS

With regard to the downgrade, to what degree is Obama really to blame?

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."