The Dow Jones Industrial Average tanked again today, dropping 635 points to close at 10,810. Ummmm...this is bad, Mr. President. Where do you get the cojones to call the USA a AAA Country? According to Standard and Poors, we clearly are not, as our long-term credit rating was dropped to AA+ for the first time in history. Before you know it, American bonds will be relegated to junk...if they really aren't there already.
Excuse me, Mr. President, as I said in a previous post, the terrorist Tea Party all of your cronies are so willing to assault as the reason our credit was downgraded, probably are the only group of people with enough sense to get us out of this mess. Yet, Democrats and establishment Republicans continue to ignore them, make "deals" that raise the debt limit, but don't really do anything to reduce the deficit. Harry Reid screams we need "revenue increases," but an easier way to save some money is to simply not spend what you already have. It seems so simple, economics 101, but no. As the Lattanzi Corrolary states, if it makes too much sense, it probably won't happen. So it goes here.
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