Good Life

Good Life

Monday, August 15, 2011

Entry # 5: US Credit rating downgrade.


On August 5, 2011, US credit was downgraded for the 1st time in history from coveted AAA to AA+ by Standard & Poor’s in a very dramatic fashion. For the first time in history, the United States was being looked upon as an untrustworthy nation who cannot guaranty paying back its debts. Though I was shocked by how bad things were getting economically in the US, I was flabbergasted by how quick most Americans were to blame it all on Obama. That shows you how humans are to forget the good times when faced with dramatic situations. It was funny to me how all of the sudden Obama was the source of all the problems happening in the US. Really? Are we so quick to forget that we wouldn’t be in this mess in the first place if it wasn’t for GWB’s multiple mistakes in the last 8 years?
We as US citizens know better. We ought to get off our high horses and take responsibility for some of our actions. We voted Bush Jr in office twice and constantly drank the sour Kool-aid he fed us for years. We kept on giving him blank checks while he was working hard for Wall Street and the Republican Party. Why is it now so hard for us to hold off our wild accusations and finger-pointing, at least till the end of Obama’s term as president? We need to look at ourselves in the mirror and ask ourselves what we truly believe in.

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