Not so hot, but our problems will be solved if we raises taxes on "the rich."
Did The President's Disastrous Budget Speech Cause The Shock US Downgrade?
Business Insider ^ | 04/18/2011 | Joe Weisenthal The merits of the S&P outlook downgrade aside -- we're skeptical -- it's interesting that the official downgrade announcement specifically talks about the political events of the past few weeks: The Ryan Plan and the Obama speech.
One charge that's been leveled against the President is that he didn't actually introduce a plan, but rather gave a campaign speech centered around accusing the GOP of throwing grandma and grandpa underneath the bus.
As such, the two parties have confirmed that they're extremely far apart, and it's this that the S&P seems to be reacting to.
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