CNN blames "Lawmakers" for the S&P rating downgrade

[Brocke]

Well the Cia News Network has just blamed Congress for the S&P rating downgrade. I think we can all see where they are heading with this. Super Congress (my mouth feels dirty just saying those words) will be the answer. Ahhhh, this is disgusting.


from a CNN's S&P rating downgrade: FAQ article

Was this avoidable? Yes.
S&P has gone out of its way to point to the political brinkmanship over the debt ceiling as a key reason for the downgrade.

That puts the blame squarely on lawmakers -- and the political culture they cultivate and participate in.
"The first thing [lawmakers] could have done is to have raised the debt ceiling in a timely manner so that much of this debate had been avoided to begin with, as it had done 60 or 70 times since 1960 without that much debate," Chambers said.

Is one party to blame over the other?
"This is a problem that's been a long time in the making," Chambers said
In a sign that message had not been received, lawmakers and candidates for political office issued a slew of partisan statements Friday night, casting blame and throwing rhetorical stones just hours after the downgrade was announced.

http://money.cnn.com/2011/08/06/news/economy/sp_rating_faq/index.htm?iid=EL