|Coverage you can count on..........NOT!|
Well, I guess we shouldn't be surprised anymore. Tonight, again, Pro8news completely left out any mention of Standard & Poor's downgrading of the United States' credit rating from AAA to AA+. It's the first time in the history of our nation that this rating has been lowered. According to CNN, The US had maintained its AAA rating since 1917. I guess that wasn't newsworth enough for ol' Tim Gutierrez.
From what I was seeing on FOX, MSNBC, CNN tonight, the finger pointing is already going on. All the GOP presidential candidates are blaming Obama. Senate Majority leader Harry Reid is blaming the GOP and the Tea Party for failing to include any revenue (tax hikes for the rich) in last week's debt ceiling deal. It's is noteworthy that a spokesman from Standard and Poors did mention the lack of any revenue as part of the problem with debt ceiling legislation. Also, the widening gulf between the various factions in Washington is believed to have convinced S&P that Washington still doesn't get how important it is to reach a "balanced"
approach. That means tax hikes for the rich are definitely needed.