Monday, August 8, 2011

Why our Double A Rating Isn't that Bad Based on Battery Ratings

           I was watching news reports of our triple A rating being lowered to double A.  I explained to my kids that this is like losing a personal credit rating.  They understood personal credit ratings but could not apply it to a country.   For as long as they have been alive, the U. S. has held the highest credit rating.

          As we were completing our Economics discussion, one of my kids asked why I were so concerned.  His stated that since a double A battery was bigger than a triple A battery, doesn’t that mean we are better than before?  I immediately closed down the discussion as I began to wonder if the President doesn’t feel the same way.

          In 2008, my cousin and I were discussing what would happen if Barak Obama became president.  I told her that if he became president and did what he said he would do, he would ruin our economy and polarize race relations.   I don’t claim to be a prophet but I believe my words have more than become true.  This man’s left wing ideology makes tea partiers seem like wafflers.  




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