Standard & Poor: If we downgrade the US credit rating you can blame the GOP

It seems as if the republicans will get their wish. All along they have intended to do everything they can so that the economy will fail. Why? So that it all falls on President Obama's shoulders and they can claim victory in the 2012 presidential election.

Per ABC News It seems that Standard & Poor is seriously considering downgrading the United States credit rating. But what I'm sure the GOP did not expect was that Standard & Poor would single them out as one of the reasons for the downgrade.

ABC News states:

[ SOURCE ] Two government officials tell ABC News that the federal government is expecting and preparing for bond rating agency Standard & Poor’s to downgrade the rating of US debt from its current AAA value.

Official reasons given, one official says, will be the political confusion surrounding the process of raising the debt ceiling, and lack of confidence that the political system will be able to agree to more deficit reduction. A source says Republicans saying that they refuse to accept any tax increases as part of a larger deal will be part of the reason cited. The official was unsure if the bond rating would be AA+ or AA.


You know what they say. Be careful what you wish for you just might get it.