The latest spin from Democratic Senator John Kerry is that the Tea Party is to blame for the Standard and Poor down grade of our debt. To hear Secretary Of Treasury Timothy Geithner tell it all a mistake. There was this $2 trillion error in S&P's paper work that he had told them about but they down graded our credit rating anyway. Now maybe they were just feeling spiteful over at S&P or maybe they figured that a guy who had $40,000 error on his own tax form ought to stick to government work. Just to make sure the point was well taken, they down graded Fannie Mae and Freddie Mac today.
The same politicians and media hacks, who last week were warning us of the impending doom of a down grade if the Tea Party didn't quit insisting on spending cuts and just sign anything to avoid a down grade, now say it really doesn't make much difference. Maybe in a couple of weeks Charlie Rose and David Brooks will sort this all out for us and we'll know what all this portends but the current assessment is it really doesn't matter unless it can be blamed on the Tea Party.
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