Let me guess: There is nothing to fear but Fear itself? And even that is Bush’s fault.
Blah, blah blah, Bush, Tea Party, blah, blah............
Though I oppose virtually everything he has done, I really wish he would be straight with the American people, tell us what this downgrade means, and what plans he has, if any, to deal with the fallout. There will be fallout in the form of higher interest rates for all types of borrowing, as well as a higher federal deficit. I heard that this move could add $100 billion a year going forward to the interest expense for the existing debt. America is a higher credit risk now, so our interest expense on borrowing will be higher.
Now, if we have a blame game / pity party type of speech, then it will be more of what we’re used to hearing from this president.