The downgrade that began the crisis. Treasury Secretary Timothy Geithner dinged Standard & Poor's for "terrible judgment" in downgrading the federal government's credit rating. Less genteel liberals offered less flattering assesments. "[I]t's hard to think of anyone less qualified to pass judgment on America than the rating agencies," opined Paul Krugman. "The people ... MOREW. James Antle, III: Downgrading The Constitution
The downgrade that began the crisis. Treasury Secretary Timothy Geithner dinged Standard & Poor's for "terrible judgment" in downgrading the federal government's credit rating. Less genteel liberals offered less flattering assesments. "[I]t's hard to think of anyone less qualified to pass judgment on America than the rating agencies," opined Paul Krugman. "The people ... MOREPeter Ferrara: Obama Downgraded, Tea Party Vindicated
Only the national debt was stimulated. President Obama achieved the historic downgrading of America's credit rating the old-fashioned way. He earned it. He came into office with federal spending already near an historic peak, with a percent of GDP at 20.7 percent and having increased by one-seventh during the Bush years. One year earlier Bush had joined with then House Speaker ... MORE
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