Apr 18, 2011

Another Study In Contrasts…

Today’s coverage of Standard & Poor’s outlook tells you all that you need to know about the difference in seriousness with which Republicans and Democrats are addressing the nation’s mounting debt crisis and its impact on the country’s future.

The Obama Administration Is “Minimizing The Significance” Of S&P’s Downgrade. “The White House is minimizing the significance of a credit rating agency’s decision to downgrade its outlook on U.S. government debt.” (“White House Minimizes S&P Decision On US Debt,” The Associated Press, 4/18/11)

  • Reuters Headline: “Obama Administration Pushes Back Against S&P Downgrade” (Corbett B. Daly, “Obama Administration Pushes Back Against S&P Downgrade,” Reuters, 4/18/11)