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September 18, 2008

The Warm Embrace of a Job Well Done

Posted in: 2008 Election, Economics, St. John McCain

John McCain, George Bush, truly a legacy worth embracing:

Pressure is building on the pristine "AAA" rating of the United States after a federal bailout of American International Group Inc, the chairman of Standard & Poor’s sovereign ratings committee said on Wednesday.

The $85 billion bailout of AIG on Tuesday by the U.S. Federal Reserve "has weakened the fiscal profile of the United States," S&P’s John Chambers told Reuters in an interview.

"Lack of a pro-active stance could have resulted in further financial stress and put pressure on the U.S. triple-A rating," Chambers said. "There’s no God-given gift of a ‘AAA’ rating, and the U.S. has to earn it like everyone else."

There could not be a more damning statement on the policies these two clowns have deregulated us into.

Heckuva job, boys.

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