Monday, August 08, 2011

1 Downgrade, 1 Upgrade

We watched the sky fall on our iPhone stock ticker on Friday as we were headed into Chicago. Apparently the US debt rating has slipped due to some riskier financial behavior of late.

While some appear to blame the tea party for the new $2T deficit, we're going against the pack and leaning towards blaming the Obama Administration.

Time will tell.

The 5-day DOW chart at today's market close:

Gateway Pundit mentions the recent upgrade for Ohio, and includes this video of our Gov. Kasich. Our Dear Leader says higher taxes will restore America's credit rating, but lowering taxes and cutting spending was what Gov. Kasich did. Only a die-hard commie would ignore this.

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