S&P Slams Third GOP Debt Stance For Jeopardizing U.S. Credit

[cal04]

The Downgrade Trifecta: S&P Slams Third GOP Debt Stance For Jeopardizing U.S. Credit
http://thinkprogress.org/economy/2011/08/12/294609/the-downgrade-trifecta-sp/

Since the Standard & Poor’s (S&P) agency lopped one “A” off the U.S.’s AAA credit for the first time, Republican politicians and pundits have been quick to blast the White House for the downgrade. Labeling it “Obama’s downgrade,” GOP lawmakers like Rep. Michele Bachmann (MN) blamed Obama’s “failed economic policies” as the root cause. House Speaker John Boehner (R-OH) insisted that he “warned the President that his plan didn’t cut spending enough but he didn’t listen.” House Budget Committee Chairman Paul Ryan (R-WI) even viewed the downgrade as “a vindication of (the GOP's) actions.”

S&P, however, takes the exact opposite view. In fact, the credit agency cited almost every stance the GOP took during the debt ceiling debacle as a reason for the downgrade.

-Tax Increases
-Balanced Budget Amendment
-Default Denial

(snip)
That the downgrade is a result of this Tea Party trifecta has forced many Republicans to do what they do often: ignore the facts. Responding to S&P’s default denial charge, Rep. Tom McClintock (R-CA) insisted that “no one said (default)would be acceptable.” And, as is her fashion, Bachmann completely disregarded the facts last night in the Iowa GOP debate. “Standard & Poor’s essentially proved me right,” she said.

more at link

Bachmann Claims ‘S&P Essentially Proved Me Right’ — S&P Really Disagrees
http://thinkprogress.org/economy/2011/08/12/294557/bachmann-sp-proved-right/

[SpiralHawk]

1. Republicons & their TeaBagger Boy-Os must shoulder the blame

Republicons have clearly and definitively screwed America's and the global economic pooch.

The mythic "Pants of Responsibility" are around Republicon & Bagger ankles now that they have screwed the economic pooch.

[cableman24]

2. this is good, but I can't trust these ass hats anymore.

[Bandit]

3. Doesn't matter what the truth is, Republicans will repeat over and over that it is Obama's fault

and that is what will be picked up by the Media and the people will begin to believe it.. It has worked that way for about three decades now..Repeat the LIE often enough and the people will start to believe it..