——This is S&P’s way of telling Obama and his minions
“Don’t tread on me.”-——
The S&P guy responsible for the ruling was interviewed today by Niel Cavuto. He was not apologetic and stood up strong for the down grade.
Niel asked if other nations had been down graded before. He answered yes.
Neil asked how long it generally took to have the rating reverted to AAA.
He answered..... well, about 8 or 9 years!
I saw that too, but it was even more dire. He said it took 9 - 18 years. OMG.
“Neil asked how long it generally took to have the rating reverted to AAA.
He answered..... well, about 8 or 9 years!”
I heard him say 9 to 18 years.
Canada got back to AAA from AA in 3 years, but they took serious and major steps, not something our current leadership is at all interested in.