After hiding out all weekend and sending his minions to demagogue the Tea Party, President Obama finally makes an appearance. After being late to a press conference on the S&P downgrade of America’s credit rating he engages in demagogic language. He blames the political process and the GOP for the downgrade. Nowhere does Obama admits his deficit spending contributed to the downgrade.
President Barack Obama on Monday blamed a downgrade in the United States’ credit rating on political gridlock in Washington and said he would offer some recommendations on how to reduce federal deficits.
Obama said in a White House appearance that he hopes the Standard and Poor’s downgrade of U.S. debt to double-A-plus from triple-A will give lawmakers a new sense of urgency to tackle deficit spending and said he did not believe the reductions could be carried out with spending cuts alone.
Obama passes the buck again. He’s really a national disgrace. All he does is demagogue and blame others for his failure.
Tags: Standards and Poors, The Debt Crisis, The Obama Boom, The Obama Depression
