Obama's Failure to Defend our Economic Reputation

Obama and his Democrat allies are so hung up trying to repair our nation's reputation overseas ... but they are completely failing at repairing our nation's economic reputation.

Case in point: The U.S. could lose its triple-A bond rating. Note that despite the economy being so bad under Bush, the U.S. never had to worry about its bond rating until the Democrats and budget-busting moderate Republicans (yes, including Bush) began burning through money via TARP and Obama's stimulus bill.

A ratings downgrade would be crippling to the U.S. economy. Foreign investment would flee to "safer" pastures, limiting our nation's ability to raise money. It could also shift control of the world's economic engine to better-capitalized nations, i.e. China.

If Obama fails to preserve our nation's triple-A bond rating, it will be the greatest economic policy failure by a president in nearly a century. Since Moody's started its rankings in 1917, the U.S. has never lost its top-tier creditor status.