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The S&P Downgrade: Economics and Politics

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Downgrades, Debt Crises and Double DipsAfter a weekend of silence, President Obama addressed the S&P downgrade and the US economy this afternoon from a White House dining room. He said that the US will always be a AAA-country, and Standard and Poor's is the only ratings agency to downgrade its credit rating to AA+.

Credits

Guests:
Daniel Gross - Strategy + Business - @grossdm, Zachary Karabell - President, River Twice Research, James Galbraith - University of Texas, Austin, Stephen Moore - Heritage Foundation - @StephenMoore

Host:
Warren Olney