From Moody's:
“This one-notch downgrade on our 21-notch rating scale reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns,” the rating agency said in a statement.
From the WH:
President Trump’s spokesman Steven Cheung pointed out that the economist for Moody’s is an Obama/Clinton hack.
“Mark Zandi, the economist for Moody’s, is an Obama advisor and Clinton donor who has been a Never Trumper since 2016. Nobody takes his “analysis” seriously. He has been proven wrong time and time again,” Steven Cheung said.
Of course they waited until the election was over and they had a chance to hurt the Bad Orange Man, though the debt buildup was years in the making. Anyone who doesn't see that just isn't looking.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now