U.S. Credit Rating Downgraded – GOP Presidential Candidates Respond

Bachmann Comments on Standard & Poor’s Decision to Downgrade the U.S. Credit Rating..Calls on the President to fire Geithner and submit plans to balance the budget

Dexter, Iowa – Republican presidential candidate Michele Bachmann issued the following statement in light of Standard & Poor’s (S&P) decision to downgrade the U.S. credit rating for the first time in U.S. history:

“Tonight’s decision by S&P to downgrade our credit rating to AA+ is a historically significant and serious event for the United States. The United States has had a AAA credit rating since 1917. That rating has endured the great depression, World War II, Korea, Vietnam and the terrorist attacks on 9/11. This President has destroyed the credit rating of the United States through his failed economic policies and his inability to control government spending by raising the debt ceiling.

“We were warned by all of the credit agencies that a failure to deal with our debt would lead to a downgrade in our credit rating, but instead he submitted a budget that had a $1.5 trillion deficit and then requested a $2.4 trillion blank check. President Obama is destroying the foundations of the U.S. economy one beam at a time. I call on the President to seek the immediate resignation of Treasury Secretary Timothy Geithner and to submit a plan with a list of cuts to balance the budget this year, turn our economy around and put Americans back to work.”

Urbandale, IA – Former Senator Rick Santorum (R-PA) made the following statement in response to S&P’s decision to downgrade U.S. debt from AAA Rating.

“If this downgrade holds, then it’s another example in a long line of examples of the President’s failure of leadership. Is anyone surprised at this point? There are 14 million people out of work and looking to the White House for answers – but they are receiving nothing but a blank stare. The markets are scared and the credit downgrade has happened because the President and this Congress continue to address the symptoms and not the disease. This nation is spending more money than it takes in and the world knows it – now, it’s time to show the world that the United States has the fortitude and resolve to pass a Balanced Budget Amendment to stop out of control spending and shrink the scope of government once and for all. The deal the President cut with Congress was supposed to avoid this downgrade but all it did was once again kick the can down the road.    President Obama and his Administration have been a failure.   I understand the US Treasury is going back to Standard and Poors to say that a two trillion dollar mathematical error by S&P contributed to the downgrade. So, in addition to blaming President Bush for all of its problems, now the White House is blaming S&P – but this happened on the President’s watch – and he has to deal with it. I guess President Obama is left to cling to the “hope” that a mathematical error caused this. Is that the “hope” the President was talking about?   Folks, an AA rating should be so far in our rear view mirror that no mathematical error should affect it.    Tonight, I’m saddened for the millions out of work – but I’m hopeful that I will replace Barack Obama as President and get this country and its economy moving again.”

(Stockbridge, GA)- Republican presidential candidate and renowned business leader Herman Cain issued the following statement in response to the Standard & Poor downgrade of U.S. credit from AAA to AA+ saying:

On Tuesday, April 19, 2011, Treasury Secretary Tim Geithner promised that America faced “no risk” of a credit downgrading. Less than four months later, he is proven shamefully wrong. As I have feared for months, the S&P has chosen to downgrade America’s credit rating from AAA, which we have always enjoyed, to AA+.

Perhaps this is because the Obama Administration and Congressional Democrats never once demonstrated a willingness to propose its own ideas for meaningful spending cuts, something credit agencies signaled were necessary to redeem America’s financial standing in the world.

As a corporate executive, I’ve rescued companies from the brink of bankruptcy and returned them to profitability. That involved balancing budgets or even creating them in the first place, something that the Democratic leadership in Congress hasn’t done for 828 days. If I couldn’t run companies without budgets, how can the government?

I also had to make tough budgetary cuts to save companies. Leadership is about doing what’s right, even when it’s difficult. But somehow, that sort of idea was never floated among those within the Obama Administration.

Now, Americans are fearful for their retirements and for their children’s educational savings. This is a country known for dreamers and innovators, for thinkers and doers. And now, we are a nation living in fear.

This is a sad day for America. Such a rating is unfitting of the greatest and most prosperous nation the world has ever known. And such a weak leader is, as well.

When is someone going to go after this POS head on?

Try This you coward candidates:

“I have restrained myself as long as I can. I can no longer listen to the LIES of this president and be respectful. President Obama is a DISASTER. President Obama is destroying our country right in front of our eyes. The only question is whether it is on purpose. Although that is hard to believe, his actions and policies would indicate no other possible conclusion. The reason doesn't matter at this point, the results are just as devastating.

With the MSM putting a positive spin on, or downright lying, about everything this administration does, it is hard for the American people to know the truth.

The lowering of our nations triple A credit rating on Obama’s watch is the straw that breaks our economy's back.
I heard someone comment that this is a “stain” on the “Obama” presidency.

More accurately, PRESIDENT OBAMA IS A STAIN, ON THE PRESIDENCY.

Some are calling on Secretary Geitner to resign, as if Obama has no responsibility. I call on president Obama to resign, TODAY.

The huge list of damaging things that Obama has done to our country is too large to list here. Many things are yet to be discovered. The items on this list could, should be considered sabotage. Whether intentional or not, the result is the same, the destruction of our country as we knew it.

If a foreign enemy was doing all these things to our nation, would the results be less serious?

President Obama is a disgrace, an embarrassment to our nation. His Marxist, Progressive agenda must be repudiated. The Progressives (Liberals) in the Democrat party must be eradicated from our government at all levels. They are destroying our country from within (sabotage).

President Obama and the Progressives in his party, are a cancer on our nation, that must be excised (To remove by or as if by cutting: excised the tumor) or exorcised (Drive out or attempt to drive out (an evil spirit) from a person or place).

Let me answer in advance.

Am I suggesting that the president and his administration are intentionally damaging, sabotaging our country?

Yes, they are definitely doing so, it is quite possible, even likely, that they are doing it intentionally.

Am I suggesting that the president and his administration is evil?

For what they are doing to our country and its citizens, Yes.

Are you calling the president a liar?

Yes.

Are you suggesting that the MSM are willing accomplices to the president?

Yes.

Are you comparing the president to a foreign enemy?

Yes.

Are you saying that the Progressive movement is a disease?

Yes, a cancer.

Am I going to apologize for these statements?

NEVER!

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