Downgraded

For the first time in American History, the United States credit rating has been downgraded to AA+ by Standard and Poors.

With the ridiculous spike in Federal Spending done by this president and the Democrat Congress between 2008 and 2010, combined with the ineffective debt compromise, this move was inevitable. Will the President take responsibility for his actions? Will he backtrack where he could on the spending? (Note: the Stimulus money is all gone!) Likely no on both. We'll just see more of the same: blame everyone else, continue to spend and push to tax Americans. Assuming the President continues down the path he's going, a landslide is likely and the only way to win in 2012 will be to cheat.

Hang on to your hats, friends, as this is going to be a rough ride on Monday when the NYSE opens.