The Pardu

Fitch Issues a Credit Rating Warning! Ameircans Know Who Is Driving The Train Wreck

In Boehner, Cantor, Congress, GOP, Martin Bashir, President Barack Obama, USA Today on October 15, 2013 at 6:33 PM




The GOP keeps pushing.  

USA Today is reporting Fitch has issued a warning about the US AAA Credit Rating. As you read on, we ask that you keep in mind the federal government shutdown has been in the works for at least two to three years. Our research indicates it has genesis in uber wealthy plutocrats who sue political contributions (and only heaven knows other forms of enticements) to influence right-wing politicians.

Fitch issues warning on U.S. credit rating

Fitch Ratings said Tuesday it has placed its top rating on U.S. government’s long-term debt on review for a possible downgrade, citing the drawn-out debate over raising the nation’s debt limit. 

“Although Fitch continues to believe that the debt ceiling will be raised soon, the political brinkmanship and reduced financing flexibility could increase the risk of a U.S. default,” the ratings agency said. 
The Treasury Department has said the emergency measures it has been using to manage the nation’s finances under the existing debt limit will run out Thursday.


The signs are there and it appears the US House of Representatives (House Republicans) do not care. Boehner, Cantor and their tea party caucus are busily working to deflect their shutdown on Democrats and the president. Their failure in defunding the ACA has turned into an international embarrassment and has pushed the middle class to a cliff over and abyss of financing ruin.

If we look back a couple of days and a couple of news reports on the GOP Shutdown, the GOP mantra of “The American People” fizzles like most GOP presidential campaign.

Martin Bashir, MSNBC video segment. Linked

HuffPo
Nearly three-quarters of Americans disapprove of Republicans’ handling of the budget crisis, according to an ABC/Washington Post poll released Monday. 
Disapproval of the GOP, which has risen steadily since just before the government shutdown began, is now at 74 percent, up 11 points from late September. 
A majority of Americans are also discontented with Democrats’ role in the budget negotiations. But disapproval ratings for Democrats in Congress and for President Barack Obama, both of which started at a lower level than disapproval of Republicans in Congress, have remained largely unchanged in the past two weeks. Sixty-one percent of Americans now dislike congressional Democrats’ handling of the crisis, while 53 percent dislike Obama’s. Those are rises of only 5 points and 3 points, respectively, from before the shutdown began.

Republicans themselves are increasingly negative about their lawmakers. In the latest survey, Americans who identified as Republican were about evenly split on congressional Republicans’ performance, with 47 percent giving them a thumbs-down. Sixty-three percent of “very conservative” Republicans, however approve
Other surveys have found similarly bleak results for the GOP. A Gallup poll last week showed the party’s rating at a record low, while an NBC/Wall Street Journal poll, also released last week, found that Americans assigned Republicans far more blame for the shutdown. The latter survey also found evidence of an “ideological boomerang” against the GOP, with support rising for a Democratic-controlled Congress, Obama’s health care law and an expanded role for government.

Suicide is ugly whether committed by a person or a political party.  

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