It was the republican forced default that cost us our credit rating downgrade you stupid fuck.
Nice opinion, but I am afraid not. (I have posted several links many times regarding this - I advise you to look them up.)
The GOP called for more spending cuts, and Obama - in his arrogance - was determined not to do anything the GOP wanted - he refused.
The bank that eventually cut the US Credit rating actually came to Obama and warned him that if he refused to agree to more spending cute - as a gesture that he was truly concerned about the quickly expanding / growing debt - it would be forced to cut the US Credit Rating. Barry refused - the budget was passed...and not long after that the Bank cut the US Credit rating:
"For the first time ever, the United States lost its perfect credit rating as Standard & Poor's reduced its U.S. long-term debt assessment from AAA to AA+ with a negative outlook.
In announcing the move late Friday, the ratings agency said a deal this week to reduce the nation's debt did not go far enough..."
S&P Downgrades US Credit Rating to AA+
"The S&P believes that we spend too much as a nation and that we don’t have the political will to stop spending. The Tea Party was formed primarily to send a message to Washington that America needs to stop spending money we don’t have.
The Tea Party won’t get the blame for the debt-rating downgrade. President Obama will get the blame and it will hurt him with the American people in the next election."
The Obama downgrade
Coincidently after that, just about every Obama administration possible paid that bank a visit, auditing and doing all they could as 'payback' to punish the bank:
"The White House’s first reaction to this news was to blame S&P itself, claiming that their math was wrong as spokesmen pointed out S&P’s past rating failures. Correcting the math didn’t correct the problem, however, and so S&P went ahead with its downgrade. Debating S&P’s credibility misses the more important point, which is there for all to see: Projected deficit spending properly raises questions about U.S. credit quality."
Why Did America Receive a Credit Rating Downgrade? - AskHeritage
Of course - Barry's 1st reaction is ALWAYS to BLAME SOMEONE ELSE!