Here's how you can explain Mitt Romney in a nutshell. He's a Wall Street guy, he cares about big banks, big corporations and the people who raid companies by breaking them up, firing the American workers, selling the assets and outsourcing any remaining jobs overseas. So it's no surprise that his first reaction to ONE rating agency being worried about debt in the future is to demand that Obama sit down with someone (he doesn't say who) at the Wall Street rating agency and grovel. It's an odd stance for someone who wrote a book titled, "No Apology." An American president shouldn't apologize for killing civilians while fighting terrorism but he should go to Wall Street and grovel. Here's what Romney said in an interview in San Diego.
In my own view, this is not something to be laughed off as the president’s people seem to be doing. The president really ought to personally sit down and meet with S&P
As economist Paul Krugman pointed out yesterday, the S&P warning was ignored completely by actual bond investors on the day it was released as bond prices continued to drop to new lows. The bond markets are, you know, the investors who determine whether the US has too much debt by raising and lowering the price on federal borrowing.