Tag Archives: Crisis? What crisis?

America goes tits up

Well the news that Standard & Poor have downgraded the US’s AAA rating outlook to negative has been a bit of a bombshell. It does vindicate George Osborne’s decision to treat our own defecit with the seriousness it deserved though…and Obama’s come out of it looking completely useless again. He’s in danger of making Bush II look like a collossus in comparison.