No other President has presided over a downgrade of the United States’ credit rating. Under Barack Obama’s economic policies, our credit rating has now been downgraded twice:
Ratings firm Egan-Jones cut its credit rating on the U.S. government to “AA-” from “AA,” citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country’s credit quality.
In its downgrade, the firm said that issuing more currency and depressing interest rates through purchasing mortgage-backed securities does little to raise the U.S.’s real gross domestic product, but reduces the value of the dollar.
Barack Obama refuses to release his college transcripts. Is it because he never took economics, or because he failed the course as he has in the real world?