Tag Archives: USA
Downgrade

Don’t Blame Obama for the Credit Rating Drop

August 5, 2011 by binarybiker 5 Comments

S&P dropped the U.S. credit rating today from AAA to AA+.  This is a huge blow not only to US interest but to the global economy as a whole.  The ramifications of this downgrade will be felt all around the world.  According to S&P, the US medium-term debt reduction strategy isn’t enough and is a reason why […]

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