The Loss Of Americaâs AAA Credit Rating Is Another Bleak Record In The Failure Of The Obama Presidency The downgrade of America on the President's watch is âan ignominious legacy for Obamaâ
President Obama âIs Now Firmly Part Of The Landscape That S&P Trashed.â âBut as he prepares to head out of town on Aug. 15, the bad news keeps piling up: new fears of a double-dip recession, a jumpy stock market and then Standard & Poorâs downgrade on Friday of the nationâs triple-A credit rating for the first time in history. S&P blamed Washingtonâs dysfunctional political culture for its move. Knocking Washington gridlock is a favorite topic of Obamaâs as well, but he is now firmly part of the landscape that S&P trashed.â