Obama regime begged Standard and Poors not to lower US debt outlook

obamaoEver since the Standard and Poors downgraded the US debt outlook from stable to “negative” last week the Obama regime has been spinning more than a top. The regime has claimed that the S&P move was nothing but “politics” and that the US’ debt is fine. Now it turns out according to Fox News, that the Obama regime were privately trying in recent weeks to convince Standard & Poor’s not to lower its outlook for U.S. debt from “stable” to “negative.”

White House chief spokesman Jay Carney said Monday that the political atmosphere for consensus is better than S&P predicts.
“We think that the political process will outperform S&P expectations,” Carey said, adding that both parties agree on a long-term deficit-reduction target of about $4 trillion — is looking to achieve that in 12 years, while Republicans are shooting for a little bit more than that in 10 years — and that they can find common ground on how to reach it.

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April 20, 2011 · Filed Under General Politics


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