{"id":14208,"date":"2011-08-08T14:34:39","date_gmt":"2011-08-08T18:34:39","guid":{"rendered":"http:\/\/ringsidereport.com\/?p=14208"},"modified":"2011-08-08T14:34:39","modified_gmt":"2011-08-08T18:34:39","slug":"sp-defends-us-downgrade-dow-down-450-barack-obama-speaks","status":"publish","type":"post","link":"https:\/\/ringsidereport.com\/?p=14208","title":{"rendered":"S&amp;P Defends US Downgrade: Dow Down 450 \u2013 Barack Obama Speaks"},"content":{"rendered":"<p><strong><a href=\"http:\/\/ringsidereport.com\/?p=14208 \"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-6946\" style=\"margin-left: 10px; margin-right: 10px;\" title=\"Obama header\" src=\"http:\/\/ringsidereport.com\/wp-content\/uploads\/2011\/01\/Obama-header.jpg\" alt=\"\" width=\"232\" height=\"169\" \/><\/a>By Geno McGahee<\/strong><\/p>\n<p>Standard &amp; Poor\u2019s, a rating agency, are under fire for downgrading the United States last week.  Today, they restated the reasons why they made their decision, while Moody\u2019s, a rival, said that America still has the characteristics of an AAA-rated country. <!--more--><\/p>\n<p>S&amp;P officials were on various TV shows and did many phone conferences with clients to explain their move, which helped fuel a ninth day of losses in global equities.  The Barack Obama administration has been very critical of them and their stance. Obama gave a statement today, reinforcing just that.<\/p>\n<p>&#8220;No issuer of debt welcomes or is happy with a downgrade by us. And as you know, we&#8217;re no strangers to attacks by governments when we downgrade sovereign debt ratings,&#8221; David Beers, S&amp;P&#8217;s head of the sovereign ratings group, stated with the publication \u201cReuters Insider.\u201d<\/p>\n<p>President Obama came forward today and made clear the intentions to have the country rebound, noting that it was a mess when he became the President, but the plan is to rebound and rebuild.<\/p>\n<p><a href=\"http:\/\/www.amazon.com\/Family-Secret-Forris-Day-Jr\/dp\/B004GLZ4YG\/ref=sr_1_1?s=dvd&amp;ie=UTF8&amp;qid=1309134704&amp;sr=1-1\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-11987\" style=\"margin-left: 10px; margin-right: 10px;\" title=\"family secret ad pic\" src=\"http:\/\/ringsidereport.com\/wp-content\/uploads\/2011\/06\/family-secret-ad-pic.jpg\" alt=\"\" width=\"100\" height=\"143\" \/><\/a><a href=\"http:\/\/www.authorhouse.com\/BookStore\/BookDetail.aspx?Book=232300\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-11989\" style=\"margin-left: 10px; margin-right: 10px;\" title=\"boxing interviews ad bio\" src=\"http:\/\/ringsidereport.com\/wp-content\/uploads\/2011\/06\/boxing-interviews-ad-bio1.jpg\" alt=\"\" width=\"100\" height=\"143\" \/><\/a><a href=\"http:\/\/ringsidereport.com\/?page_id=1371\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-11990\" style=\"margin-left: 10px; margin-right: 10px;\" title=\"advertise header2\" src=\"http:\/\/ringsidereport.com\/wp-content\/uploads\/2011\/06\/advertise-header2.jpg\" alt=\"\" width=\"200\" height=\"143\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Geno McGahee Standard &amp; Poor\u2019s, a rating agency, are under fire for downgrading the United States last week. Today, they restated the reasons why they made their decision, while Moody\u2019s, a rival, said that America still has the characteristics of an AAA-rated country.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4508,4509,541,4507],"class_list":["post-14208","post","type-post","status-publish","format-standard","hentry","category-boxing-news","tag-downgrade","tag-moody","tag-obama","tag-sp"],"_links":{"self":[{"href":"https:\/\/ringsidereport.com\/index.php?rest_route=\/wp\/v2\/posts\/14208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ringsidereport.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ringsidereport.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ringsidereport.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ringsidereport.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14208"}],"version-history":[{"count":0,"href":"https:\/\/ringsidereport.com\/index.php?rest_route=\/wp\/v2\/posts\/14208\/revisions"}],"wp:attachment":[{"href":"https:\/\/ringsidereport.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ringsidereport.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ringsidereport.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}