Obama’s Free-Falling Economy: U.S. Credit Rating Downgraded for 2nd Time Under Obama Non-Existent “Leadership”
Obama’s Free-Falling Economy: U.S. Credit Rating Downgraded for 2nd Time Under Obama Non-Existent “Leadership”
Citing the “quantitative easing from the Federal Reserve”, and mounting federal debt, Egan-Jones has been able to see through the Obama administration’s reality-bending ahead of the election, and are fully aware that the things that the Obama administration are doing to try and fool the voters into thinking that the economy is making a rebound are just smoke and mirrors designed to trick the American People.
Standard & Poor’s has already downgraded our nation’s credit rating, and Moody’s Investors Service said just this week that it will probably do the same.
…Ratings firm Egan-Jones cut its credit rating on the U.S. government to “AA-” from “AA,” citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country’s credit quality.
In its downgrade, the firm said that issuing more currency and depressing interest rates through purchasing mortgage-backed securities does
...Continue Reading Obama’s Free-Falling Economy: U.S. Credit Rating Downgraded for 2nd Time Under Obama Non-Existent “Leadership”