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Tag Archives : Debt Downgrade

Obama’s Failed Response to the Downgrade and the Outlook for Fixing America’s Spending Crisis

Obama’s Failed Response to the Downgrade and the Outlook for Fixing America’s Spending Crisis

Posted on August 8, 2011

President Obama just spoke about the downgrade and his remarks were very disappointing. He uttered some empty platitudes, offered no plan, (amazingly) called for more government spending, and continued his advocacy of class-warfare taxation. So what does this mean? Other than expecting volatility, I have no idea what will happen in financial markets over the […]

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