credit downgrade? dude it was clearly the GOP at fault there, never once did bush have an issue raising it while blowing money left and right, then Obama attempts to raise it once and there is a shitstorm where the GOP holds the country hostage. Why do you think they got raped this election? it was shit like that, why do you think that if the country goes off the FC the vast majority of the public would blame the GOP? it's because it's obvious to everyone but a teamster they are trying to smear and obstruct Obama.
The CATO Institute cited BOTH parties (one for not raising taxes, the other for not cutting spending), for the credit downgrade.
Obama blew more money in less than one term than Bush did in two. And we have zilch to show for it.
When we run out of money (despite any tax hikes on the rich, if any) and the bennies run out, so too will Obama's excuses.
All the rich are going to do is either take their money elsewhere, hike up prices on goods and services, or lay off people left and right, to recoup their costs.