Monday, August 8, 2011
The Whitehouse rolled out its strategy for the credit downgrade "blame game" this weekend, giving top Obama strategist David Axelrod the thankless job of hitting the news shows to declare the financial debacle a "Tea Party downgrade."
Axelrod, along with roughly every liberal in America, is focusing on Standard & Poor's declaration that their decision was made owing to the "political brinksmanship" recently seen in Washington...and pointing out that there would have been no brinksmanship, or even reasonable debate, without the Tea Party. And that much is true - after all, the Tea Party representatives are the only ones who demanded that fiscal responsibility be addressed at all.
But those who would try to blame the Tea Party need to explain one nagging detail: how can the Tea Party be responsible for a massive, unsustainable debt that existed before the Tea Party did?
Representatives of Standard & Poors specifically said that part of the reason for the downgrade is Washington's refusal to deal with entitlement reforms. And by "Washington," they of course mean Lefties such as Barack Obama, Harry Reid, and Nancy Pelosi who stated categorically that no such reforms could ever be considered while they're in office.
Meanwhile, as predictably as the little goosesteppers in today's cartoon, Democrats are flapping their wings and honking that taxes need to be raised as soon as possible.
No doubt in the belief that our credit rating will go up if they can just bring the rest of the economy down.