Skip to comments.US Credit Rating Downgraded to AA-
Posted on 09/14/2012 12:41:26 PM PDT by therightliveswithus
The United States' credit rating has been downgraded from a AA rating to a AA- rating. Egan-Jones is the rating agency that has made this decision.
The lowering of the United States to AA- marks the second time in the Obama Administration that the US has had its credit rating lowered. Mr. Obama is the only President in history to have the United States' credit rating lowered. Now it has happened again.
This comes one day after Ben Bernanke announced QE3, or "Quantitative Easing," aimed at lowering unemployment by buying bonds. The trade-off is higher inflation and possibly greater debt.
(Excerpt) Read more at punditpress.com ...
Another “mess” that Barack the Kenyan “inherited”. From himself.
FUBO and the Democrat party and media that has assisted you!
That actually is unexpected. I figured we were in for another downgrade if Obama won in November, but this early downgrade caught me by surprise.
In the words of our esteemed VP, this is a Big F’n Deal.
Will. Moodys. Follow.
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