» S&P More Explicit In Blaming Tea Party For Credit Downgrade Liberal Values

S&P More Explicit In Blaming Tea Party For Credit Downgrade

August 14, 2011 — Ron Chusid

The original report from Standard and Poor’s made it quite clear that it was actions by the Tea Party and other far right Republicans which precipitated their decision issue their downgrade for the United States. Of course Tea Party supporters have a very weak grasp of public policy issues (as well as problems with reading comprehension) and immediately started trolling liberal sites with claims that it was liberal policies which caused this. Late last week Standard and Poor’s was even more explicit that it was the far right which brought this on:

A Standard & Poor’s director said for the first time Thursday that one reason the United States lost its triple-A credit rating was that several lawmakers expressed skepticism about the serious consequences of a credit default — a position put forth by some Republicans.

Without specifically mentioning Republicans, S&P senior director Joydeep Mukherji said the stability and effectiveness of American political institutions were undermined by the fact that “people in the political arena were even talking about a potential default,” Mukherji said.

“That a country even has such voices, albeit a minority, is something notable,” he added. “This kind of rhetoric is not common amongst AAA sovereigns.”

The statement seems likely to bolster one Democratic line of attack, that it was tea party intransigence — not a shortcoming of leadership by President Barack Obama — that is to blame for the U.S. downgrade, from AAA to AA+. Obama himself called on Republicans to “put country ahead of party” Thursday — a dig at conservatives in Congress who are blocking his agenda.

I imagine this will also be beyond the reading comprehension levels of most Tea Party supporters.

Posted in Economy, Republicans. Tags: Deficit, Republicans, Tea Party. RSS feed for comments on this post.. TrackBack URL.

Brett says:

August 14th 2011 at 5:15 pm

If S&P put out a statement on Monday saying “We downgraded the United States because the arch conservative Tea Party caucus ignored the advice of the Fed Chairman and every reputable economist and chose to play a dangerous game of chicken with America’s ability to pay its obligations”, they would still have reading comprehension issues.

It is to be noted that nothing can penetrate the self delusion of a mob, convinced of it’s own moral imperatives, and armed with reckless hatred. I almost want Obama to hold a press conference declaring the sky is blue, JUST so I can listen to the Tea Party assert that it is red.