See my last post and everyone needs to go below and copy it as POLITICO 44 actually reporting/admitting the market tanked while Obama spoke yesterday
http://www.politico.com/politico44/index.html
S&P warns of a second downgrade
One day after lowering the nation’s platinum triple-A credit rating, Standard & Poor’s analysts warned Saturday that the U.S. government could face a second downgrade if the economy continues to struggle and the government fails to make the cuts outlined in the debt ceiling agreement.
http://www.politico.com/news/stories/0811/60803.html
this and the original, initial article BOTH focus on spending cuts.