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Democrats seek to pin credit downgrade on tea party
Washington Times ^ | 08/08/11 | Ben Wolfgang

Posted on 08/08/2011 11:07:27 AM PDT by MissesBush

While continuing to cast doubt on the credibility of Standard & Poor’s, several Democrats on Sunday said there is an even greater culprit in the downgrade of the nation’s credit rating: the tea party.

“I believe this is, without question, the tea party downgrade,” Sen. John F. Kerry, Massachusetts Democrat, said on NBC’s “Meet the Press” on Sunday, a day that also saw mounting anxieties in world markets over the downgrade among myriad other economic woes worldwide. Some of the world’s top financial ministers issued a joint statement Sunday night committing themselves to preserve the stability of financial markets and their economies.

David Axelrod, a former senior adviser to President Obama, used the exact same phrase in dubbing the credit rating drop the “tea party downgrade,” as Democrats tried to position themselves as reasonable, pragmatic leaders and conservative Republicans as irresponsible ideologues who caused the downgrade by refusing to accept any new taxes.

That’s exactly the kind of blame game that led Standard & Poor’s, one of three key credit-ratings agencies, to strip the U.S. federal government of its AAA status Friday night and reducing it to AA+ for the first time in the nation’s history.

“Congress and the administration are jointly responsible for the conduct of fiscal policy. So, this is not really about either political party,” David Beers, the head of S&P’s government debt-rating unit, said during an appearance on “Fox News Sunday.”

“The tea party hasn’t destroyed Washington. Washington was destroyed before the tea party got here. The hope is that the tea party and middle-of-the-road people can find common ground to turn this country around before we become Greece.” — Sen. Lindsey Graham, South Carolina Republican, said on CBS’ “Face the Nation.”

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: debtdowngrade; johnkerry
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To: allmendream

*Like a two pack a day smoker blaming the American Cancer Society for catching lung cancer*

Also, like a two pack a day smoker blaming the Surgeon General for catching lung cancer.
;-)


21 posted on 08/08/2011 1:14:14 PM PDT by PATRIOT1876 (The only crimes that are 100% preventable are crimes committed by illegal aliens)
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To: MissesBush
HEADLINE:

DEMOCRATS RACE TO SEE WHO CAN COME UP WITH THE MOST UNBELIVABLE LIE. (Al Gore worried that he may lose his title as Dems challenge each other in “Race to the Bottom”)

22 posted on 08/08/2011 1:15:41 PM PDT by PATRIOT1876 (The only crimes that are 100% preventable are crimes committed by illegal aliens)
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To: MissesBush

The House passed Cut, Cap & Balance no small thanks to Tea Party representatives. Senate IGNORED it. Obama IGNORED it. - S&P reps said Cut, Cap & Balance would have avoided this downgrade.


23 posted on 08/08/2011 2:04:29 PM PDT by Twinkie (Is Obama using the Cloward-Piven Strategy?!?)
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To: ClearCase_guy

I think Obama WANTS a civil war, so he can call out the military to quell “uprisings” and declare martial law before the elections next year. - Did he ever get his personal “civilian security force” that he wanted?


24 posted on 08/08/2011 2:08:16 PM PDT by Twinkie (Is Obama using the Cloward-Piven Strategy?!?)
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To: PATRIOT1876

Love the Fire Alarm, Fire analogy!

Blaming the Tea Party comes close to being as stupid as the dem moron who thought the Island would tip over if all the soldiers stood on one side of it.


25 posted on 08/08/2011 2:17:23 PM PDT by bkaycee
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