Tuesday, August 16, 2011

Identified—the 19 people responsible for the U.S. bond downgrade

Standard & Poors says the reason it downgraded the U.S. bond rating WASN’T because of the deficit or the seeming inability of Congress and Obama to reach agreement on a deficit reduction package.  It downgraded the U.S. because some lawmakers were saying that defaulting wouldn’t be any big deal.  Joydeep Mukherji, senior director at S&P, said recently: “"[P]eople in the political arena were even talking about a potential default," said Joydeep Mukherji, senior directior at S&P. "That a country even has such voices, albeit a minority, is something notable," he added. "This kind of rhetoric is not common amongst AAA sovereigns." See: http://tpmdc.talkingpointsmemo.com/2011/08/after-triggering-downgrade-debt-default-skeptics-try-to-run-from-their-records----but-they-cant.php

So, who were the people who were saying default wasn’t such a big deal?  Who were the people responsible for the S&P downgrade?  Talking Points Memo (TPM) has compiled a list the 19 people destroyed America’s credit.  Here it is.  Click on the link to TPM to see what these people said:

Rep. Paul Ryan (R-WI)
Rep. Eric Cantor (R-VA),
Sen. Rand Paul (R-KY)
Sen. Jim DeMint (R-SC)
Sen. Pat Toomey (R-PA)
Sen. Mike Lee (R-UT)
Rep. Michele Bachmann (R-MN)
Rep. Ron Paul (R-TX)
Rep. Louie Gohmert (R-TX)
Rep. Jim Jordan (R-OH)
Republican Presidential candidate Tim Pawlenty
Sen. Ron Johnson (R-WI
Republican Nebraska Senate candidate Jon Bruning
Rep. Joe Walsh (R-IL)
Rep. Steve King (R-IA)
Rep. Mick Mulvaney (R-SC)
Rep. Phil Gingrey (R-GA)
Rep. Jason Chaffetz (R-UT)
Rep. Scott Tipton (R-CO)

No comments: