Figures. Obama Downplays Dismal S&P US Credit Outlook

Worst. President. Ever.
Thanks to the failed economic policies of the Obama Administration and democratic lawmakers the S&P downgraded the US credit outlook today.

President Obama downplayed the historic news today that the S&P moved the US credit outlook to negative.
CNBC reported:

The Obama administration moved swiftly Monday to downplay ratings agency Standard & Poor’s downgrade of its U.S. credit outlook, calling the decision a political judgment that should not be taken too seriously.

The timing of S&P’s announcement was unwelcome for the White House, coming just as President Obama tried to regain the initiative on the deficit debate in Washington.

Last week Obama laid out his plan to reduce the budget deficit by $4 trillion over 12 years, trying to give markets confidence that he was serious about tackling U.S. fiscal woes.

House Republican leader Eric Cantor on Monday called the S&P downgrade “a wake-up call” against those seeking to “blindly increase” the U.S. debt limit.

S&P downgraded the outlook for the United States to negative, saying it believes there is a risk U.S. policymakers would not reach agreement on how to address the country’s long-term fiscal pressures by 2013.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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