Last night's downgrade of the US' triple-A credit rating was the political equivalent of blood in the water for Republican presidential candidates, who immediately pounced on President Obama's handling of the economy, reports Politico. A taste of the blood-letting:
- Michele Bachmann: “The United States has had a AAA credit rating since 1917. That rating has endured the great depression, World War II, Korea, Vietnam, and the terrorist attacks on 9/11. President Obama is destroying the foundations of the US economy one beam at a time. I call on the president to seek the immediate resignation of Treasury Secretary Timothy Geithner and to submit a plan with a list of cuts to balance the budget this year, turn our economy around, and put Americans back to work."