Obama’s Downgrade Rhetoric Just More of the Same

In the aftermath of the disastrous downgrading of the credit rating of the United States, President Obama had nothing new to offer. Rather than speaking in a presidential manner and taking responsibility for what has occurred, Obama merely reverted to the same rhetoric we heard over and over during the debt ceiling debate. After a few words disagreeing with the eminently debatable decision by Standard and Poor’s, Obama spent most of his time addressing the subject in his speech to the country today, blaming those who sought to restrain his out-of-control spending. All he had to offer the nation was more of his demands for a “balanced” approach to the deficit while saying nothing about his own vast expansion of spending and entitlements via the stimulus and Obamacare.

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Obama’s Downgrade Rhetoric Just More of the Same

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