07.29.2011 0

Obama Tries to Strong Arm Rating Agencies

By Bill WilsonThe Obama Administration has been attempting to strong arm credit rating agencies to back off their threats to downgrade the United States’ Triple-A credit rating, and even to endorse the Reid plan in the Senate that falls far short of the agencies’ calls to cut at least $4 trillion to prevent a downgrade.  To the agencies’ credit, they have not backed down.  How dare the Administration try to get a private company to do its bidding to cover up the sorry state of the nation’s finances?

Obama should set aside his strong arm thug tactics, and stop bullying the rating agencies that are just doing their jobs.  We need to get our fiscal house back in order, not kill the messenger.

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