DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
3 comments:
Watch the left blame the Tea Party for the downgrade. S and P warned that the cuts beibg made were not enough and the Tea Party wanted more, but with the way the left in this country thinks it will still somehow be their fault.
Sand P also said, in thier press release:
"Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act."
So, no, the Tea Party and the idealistic Republicans share no part of the blame whatsoever. You are right.
All parties are to blame for this problem. They allowed the country's budget to get pushed to the edge of the cliff to 11:59 when they had plenty of time to get it done and divert all the bad anxiety and speculation that drives markets down.
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