Standard & Poor's downgrade of United States securities is devastating, but probably inevitable thanks to Obamacare and other big spengding out-of-control entitlement programs.
How does the nation's supposed leader react? He doesn't want to take the downgrade seriously, calling it "political."
In his world, everything is "political." We don't need no stinkin' reality, man!
He also thinks that a massive government takeover of health care is going to save the government money.
We have an administration with zero understanding of economics.
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