Obama blames GOP for credit downgrade, but here’s what S&P actually said

Published on NewsOK Published: January 14, 2013
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Philip Klein

During his Monday press conference, President Obama blamed Republicans for the first ever credit downgrade of the United States back in 2011, but this is contradicted by what ratings agency Standard and Poor’s actually wrote when it issued the downgrade.

Discussing the dangers of Republicans insisting on spending cuts as a precondition for raising the debt limit, Obama said: “The last time Republicans in Congress even flirted with this idea, our AAA credit rating was downgraded for the first time in our history.”

Click to read full article at Washington Examiner



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