The dow plunged another 634 points Monday in reaction to Standard and Poor’s lowering America’s credit rating from AAA to AA+. President Obama made a speech to try to calm markets but critis say it probably just made matters worse. He offered no plan and said that no matter what a credit agency says, America will always be a “Triple-A Country.”
- Which means we can all get free “Triptiks” to all the vacation destinations we can no longer afford to go to!
The president also noted that investment guru Warren Buffet said the same thing, not mentioning that on the same day, S&P also downgraded Buffet’s company’s credit rating from stable to negative.
- Maybe Obama is just a “glass is half-full” kind of guy.
- I’m going to start taking advice from JIMMY Buffet and head off to “Margaritaville”