Another Historic Moment for Obama – First Downgrade in U.S. History!

They said Obama’s Presidency would be historic, and man were they right!  For the first time ever in U.S. history, it’s credit rating has been downgraded by S&P.

Credit rating agency Standard & Poor’s on Friday lowered the nation’s AAA rating for the first time since granting it in 1917. The move came less than a week after a gridlocked Congress finally agreed to spending cuts that would reduce the debt by more than $2 trillion — a tumultuous process that contributed to convulsions in financial markets. The promised cuts were not enough to satisfy S&P.

The liberals are screaming their stupid heads off trying to blame the Tea Party for this, but as usual, it is all lies.  The Tea Party were the only ones who wanted a $4 trillion cut which would have avoided the downgrade.

As they said themselves, Obama owns this economy!