The United States is in for another credit downgrade

[katty]

more: http://abcnews.go.com/blogs/business/2011/10/merrill-lynch-warns-of-another-u-s-debt-downgrade/

The United States is in for another credit downgrade by year’s end if Congress fails to agree on a long-term plan to tame the nation’s $14.8 trillion debt, Merrill Lynch warned.

In a research note, the Bank of America unit predicts that either Moody’s or Fitch will move to downgrade the U.S. AAA rating. Standard & Poor’s cut the nation’s bond rating in August, causing the stock and bond markets to swoon, after months of bickering by Congress on how to best reduce spending and cut the deficit. The United

[TwilightGardener]

1. The first downgrade hurt Obama, but didn't knock him out. Time for another swing. 100% political.

Get him out of office--one-term President.