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Politicians points fingers over credit crisis (Axelrod blames Tea Party)
Houston Chronicle ^ | August 7, 2011 | AP

Posted on 08/07/2011 11:58:17 AM PDT by Cincinatus' Wife

A top Obama adviser blames tea party for downgrade

WASHINGTON — Who's to blame for the U.S. debt-ceiling mess? Politicians and political advisers took to the airwaves Sunday to point fingers, mostly at each other.

David Axelrod, a top political adviser to President Barack Obama, blames the downgrade of the U.S. credit rating on tea party Republicans for being unwilling to compromise on how to reduce the federal debt.

The Obama campaign strategist tells CBS' Face the Nation on Sunday that the decision by the Standard & Poor's credit agency to downgrade the U.S. from AAA to AA+ for the first time was strongly influenced by weeks of standoff between Democrats and Republicans over the debt.

Axelrod calls the action "a tea party downgrade" and says it's clearly on the backs of lawmakers who were willing to see the country default to get their way.

Axelrod also criticized GOP presidential candidates for not speaking up in favor of compromise.

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


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: 2012; aaa; aaplus; bhofail; creditrating; cutcapbalance; davidaxelrod; democrats; downgrade; economy; gopprimary; liberalfascism; obama; obamadowngrade; presidentdowngrade; rating; ratingsdowngrade; reid; scapegoat; standardpoors; teaparty; teapartydowngrade; usa2aa
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To: newzjunkey
"Cut, Cap & Balance" offered $4T in cuts which is what the ratings agencies asked for. It passed the House under Boehner with a bipartisan vote. CCB was the "Tea Party" plan.

But the MSM will tout the liars in the administration and on Obama's re-election campaign.

July 14, 2011: Rick Perry and Nikki Haley: Break the spend-and-borrow cycle "As governors of states whose residents, like all Americans, are desperate for the restoration of fiscal responsibility in Washington, we are proud to have signed the “Cut, Cap and Balance Pledge” amid the debate over once again raising the federal debt ceiling."...........

21 posted on 08/07/2011 2:06:49 PM PDT by Cincinatus' Wife
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To: All
Remember Friday they blamed "faulty analysis" by S&P.

Obviously that didn't poll as well as "TeaParty downgrade."

22 posted on 08/07/2011 2:17:35 PM PDT by newzjunkey (the circular firing squad has got to end now)
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To: Cincinatus' Wife

The answer should be simple. Ask anybody about a hypothetical situation about someone with a credit card debt. Should the person: (a)reduce the spending, (b) ask for an increase of his credit limit, or (c) ask his relatives to pay for the debt.


23 posted on 08/07/2011 2:34:49 PM PDT by paudio (The differences between Clinton and 0bama? About a dozen of former Democratic Congressmen.)
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To: newzjunkey
The Rats are pathetic.....
24 posted on 08/07/2011 3:12:40 PM PDT by 4Liberty (88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
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To: Always Independent
This is really really pathetic. They are at their wits end, will see if anything - ANYTHING - can be thrown out there, and sticks to the wall. All these blatherings? No RAT budget in over 2 years? After a massive massive deficit ramp-up? Really? Trying to point fingers away from themselves?? It's a cry for
25 posted on 08/07/2011 3:19:12 PM PDT by 4Liberty (88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
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To: Cincinatus' Wife

Blame a bunch of baby boomers that wear strange clothes and hold funny signs.


26 posted on 08/07/2011 3:41:45 PM PDT by Mike Darancette (Obama get our AAA back.)
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To: Cincinatus' Wife

It’s all your fault America: you were dumb enough to vote for us.


27 posted on 08/07/2011 7:39:31 PM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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