Obama calls US AAA nation despite AA+ Rating
President Barack Obama speaks in the State Dining Room of the White House in Washington, Monday, Aug. 8, 2011.
Monday, August 8, 2011
President Barack Obama says the U.S. always is and always has been a triple-A country, despite its rating agency downgrade.
He said also the U.S. didn’t need a rating agency to tell it that it’s political system was having trouble functioning.
Speaking at the White House on the Standard & Poor’s downgrade, Obama renewed a plea to Congress to take action in September of help create jobs and cushion Americans from a still weak economy.
Obama said financial markets around the world “still believe our credit is triple-A. I and the world’s investor’s agree.”
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