Tea Party to Blame for Credit Rating Downgrade ??

Below is an AP story that caught my eye this morning .....

WASHINGTON (AP) — A top White House adviser is blaming the downgrade of the U.S. credit rating on tea party Republicans, whom he says were unwilling to compromise on how to reduce the federal debt.

The adviser to President Barack Obama, David Axelrod, tells CBS' "Face the Nation" on Sunday that the decision by the Standard & Poor's credit agency to downgrade the U.S. from AAA to AA+ for the first time was strongly influenced by weeks of standoff between Democrats and Republicans over the debt.

Axelrod calls the action, in his words, "a tea party downgrade" and says it's clearly on the backs of lawmakers who were willing to see the country default to get their way.

Axelrod also criticized GOP presidential candidates for not speaking up in favor of compromise.

All I can say is "WOW", the only way you can really blame the Tea Party movement on this is if you actually passed a bill that the Tea Party folks were in favor of and then the Credit Rating was downgraded. How does it make sense that you did exactly the opposite of what a group wanted and then blame them when things go bad ?

By the way, if the U.S. Government was an individual citizen and had a real credit report, then the FICO score that they would have achieved by managing their debt and income the way they have would be in the three hundreds by now !

KRB