The Obama Downgrade

People familiar with addition and subtraction repeatedly told President Obama that the U.S. government needed to cut spending substantially to better its fiscal situation. Obama and his Democrat Party refused to listen. The result was the S&P’s downgrading of the U.S. credit rating, the first in U.S. history.

Although it has been a while since this matter was in the headlines, we must not forget who is to blame for the downgrade and the continued economic hardship: President Obama and everyone who supports statism.

FreedomWorks has started a petition to set the record straight on the downgrade. I encourage everyone to sign it. Click here.

Related:

• Altruism: The Moral Root of the Financial Crisis
• ObamaCare v. the Constitution
• Tea Party: “Cut It or Shut It.”

Image: Wikipedia Commons

About Joshua Lipana

Joshua (John M.) Lipana was, until his death in 2013, an assistant editor of The Objective Standard Blog and a freelance writer based in the Philippines. His writings appeared in numerous print and online publications, including Free Enterprise,Capitalism Magazine, NewsReal Blog, and The American Thinker.

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