A senior S&P executive said today that the cavalier attitude of some members of the Republican party towards national default contributed to the downgrade of the US credit rating:
S&P senior director Joydeep Mukherji said the stability and effectiveness of American political institutions were undermined by the fact that “people in the political arena were even talking about a potential default,” Mukherji said.
“That a country even has such voices, albeit a minority, is something notable,” he added. “This kind of rhetoric is not common amongst AAA sovereigns.”
So just who said that kind of thing? Talking Points Memo has made a list. It’s instructive; many of these people are leaders in the party, not backbenchers.
- Paul Ryan, R-WI
- Eric Cantor, R-VA
- Rand Paul, R-KY
- Jim DeMint, R-SC
- Pat Toomey, R-PA
- Mike Lee, R-UT
- Michele Bachmann, R-MN
- Ron Paul, R-TX
- Louie Gohmert, R-TX
- Jim Jordan, R-OH
- Tim Pawlenty, Republican ex-Gov-MN
- Ron Johnson, R-WI
- Jon Bruning, R-NE Senate candidate
Details at the TPM link.
And three of these people are running for President. No wonder they downgraded.