Moody's: Um, We Weren't Kidding in 2009

Posted on NBfPB in 2009...

"The Aaa rating of the U.S. is not guaranteed," said Steven Hess, Moody's lead analyst for the United States said in an interview with Reuters Television. "So if they don't get the deficit down in the next 3-4 years to a sustainable level, then the rating will be in jeopardy."

And, right on schedule...

The U.S. may lose its triple-A debt rating if next year's budget negotiations do not produce policies that over time decrease the country's debt, Moody's Investors Service said on Tuesday.

 Of course, it's not even clear that Obama knows what a credit rating agency is...or for that matter neither do the 49% of people who are telling polsters that they'll vote for this bozo again...