President Obama on the S&P downgrade:
“Markets will rise and fall, but this is the United States of America,” Obama said. “No matter what some agency may say, we’ve always been and always will be a AAA country.”
Translation: “Don’t worry if you lost a quarter of your life’s savings within the past one week. This is the United States of America. We will continue to borrow and spend, and live beyond our means.“
“Markets will rise and fall, but this is the United States of America,” Obama said. “No matter what some agency may say, we’ve always been and always will be a AAA country.”
Translation: “Don’t worry if you lost a quarter of your life’s savings within the past one week. This is the United States of America. We will continue to borrow and spend, and live beyond our means.“
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