On Friday, Pres BO blamed everything for the lackluster US economy. I guess that the Japanese earthquake, the Euro crisis, and everything under the sun is now responsible for the sick US economy.
By the way, all of those "external" factors did indeed play a factor. At the same time, presidents have to deal with the world as it is.
Stuff happens to presidents. Just ask Pres Bush about Katrina or the increase in oil prices in the summer of '08 that clearly slowed the US economy.
Also on Friday, S&P decided to pin the blame on Pres BO with a historic downgrade: S&P Downgrades US Credit Rating to AA-Plus
S&P understands leadership. They understand that leaders provide solutions rather than come up with excuses!
S&P wants a plan rather than "hope and change" speeches or unspecific "shared sacrifice" rhetoric.
Pres BO is now on course to be remembered as the man who gave us the first trillion dollar deficit and "downgrade".
Pres BO is indeed very historic!
Check out our chat with Richard Baehr about the impact of the "downgrade":
Listen to internet radio with Silvio Canto Jr on Blog Talk Radio
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