Posted on 08/07/2011 3:39:48 PM PDT by NoLibZone
(CBS News)
Former White House adviser David Axelrod on Sunday pinned responsibility for the recent U.S. economic downgrade on the Tea Party movement, arguing that the group's political "brinksmanship" during debt ceiling negotiations "brought us to the brink of a default" -- and that, subsequently, "this is essentially a Tea Party downgrade."
In an appearance on CBS' "Face the Nation," Axelrod, currently a campaign strategist for President Obama, said the U.S. economic downgrade was "largely a political analysis" and that "there's a broad consensus that [the U.S.] is still the safest place to invest your money."
Nevertheless, he argued, the Tea Party was responsible for blocking a comprehensive deal that could have prevented such a downgrade.
"We can debate the strength of the analysis that they did, the history of S&P and so on," Axelrod told CBS' Bob Schieffer, of Standard & Poor's, the credit rating agency that downgraded the U.S. market from AAA to AA+ on Friday. "They made an egregious analytical error here but theirs was largely a political analysis... They want to see the kind of solution that the president has been fighting for... that will be balanced, that will include revenues, that will deal with some of our long-term issues."
"For months, the president was saying, let's get together, let's compromise," Axelrod continued. "We thought we had such an arrangement with the Speaker of the House... then he went back to his caucus; he had to yield to the most strident voices in his party. They played brinksmanship with the full faith and credit of the United States. This was the result in that."
They don’t call him Axelrodent for nothing....
He wishes he could blame the average American. The Tea Party will speak in 2012.
The marching orders have gone out for The Big Lie of the Day.
Expect this Big Lie to be repeated endlessly by most corrupt elements of the Regime Media at CNN, NBC, Washington Post, ad nauseum.
Incidentally, this was a huge defeat for the “Tea Party”: $900 billion in “cuts” really mean $7 trillion more in debt.
He’s right, of course. If it weren’t for the Tea Party, we’d have had a downgrade back in May.
So....the group who’s goal is identical to the ratings bureau is to blame. Not the political opposition who are fighting the cuts. I get it now.
Name the TP members in office.
Since the S and P down grade, the DNC response has been to work to stop citizen participation in government and call for more taxes.
The Democrats have done nothing to assure taxpayers or investors.
Obastard will be downgraded next year. I can hardly wait.
LOL! They think because they label it sticks. Naw. That game is over.
The only one to blame for our current problems is President Obama who not only is incapable to leadership, he’s incapable PERIOD.
He’s the Dunsel - a part that serves no useful purpose
~Star Trek.
Keep talking axelnutts.This will just convince more people to join us as you 60s hippies are really screwing this country good.
DNC Chairman Debbie Wasserman Schultz:‘We own the economy’ - June 15, 2011
You own The 0bama Depression!
We're going to hang you, your commie boss, and all the dims with this Ms. Wasserman Schultz!
FUBO GTFO 2012 !
If the american communist party wants to steal more money from the federal tax payer, let them do it the old fashioned way, at gunpoint.
They aint getting a dime more via the legislative process.
This attack on the Tea Party is great. These AH just don’t get it that at least 70% of Americans are the Tea Party.
My tagline says enough!
Dream on RAT B*ST*RDS.
TEA Party trouble for the "Ruling Class" is just beginning. There is no other way to save this country.
What did Obama ‘inherit’ from previous administrations?
a ‘AAA’ credit rating
But he ‘changed’ that. Doesn’t matter how many times the Obama parrots try to blame someone else, the buck stops with Obama...
It’s historic. It will stick to him for the rest of his life.
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