Why Obama Is The Big Loser Of The Summer
“You can always count on Americans to do the right thing after they’ve tried everything else,” quipped Winston Churchill, who did not live long enough to witness the rise of the Tea Party.
Congress got ’er done eventually. The debt ceiling was raised. The U.S. did not default. But the damage was done. Faith in Washington spent. The S&P downgraded the lone superpower’s sterling credit rating from AAA to AA+ for the first time. Our sense of humor along with it:
– “Yo momma so poor she raised her debt ceiling and the S&P STILL downgraded her.”
– “Caught a just downgraded AA+ 11-inch Maine bass. Gotta cross to Canada across lake for AAA fish.” Economist Nouriel “Dr. Doom” Roubini’s tweet from a Maine fishing trip.