The downgrades of Fannie Mae and Freddie Mac reflect their direct reliance on the U.S. government. Fannie Mae and Freddie Mac were placed into conservatorship in September 2008 and their ability to fund operations relies heavily on the U.S. government. In addition to the implicit support we factor into our ratings, the U.S. Treasury has demonstrated explicit support by providing these entities with capital quarterly, as necessary.

Nemo's omen | August 8, 2011 at 4:21 pm

#downgrade
For some reason, Obama didn’t tell us the good economic news, that Creditrepair.com just got another 312,000,000 new customers as of Friday.

Kitty | August 8, 2011 at 6:12 pm

Rush googled “Obama blames” and came up with 6 PAGES of headlines:

http://www.google.com/search?sourceid=navclient&ie=UTF-8&rlz=1T4GGHP_enUS428US428&q=%22Obama+blames%22

Midwest Rhino (not RINO) | August 8, 2011 at 6:23 pm

I’d change it to the doctor is to blame for a “Camel no filter chain smoker’s” cancer.

Whippersnapper | August 8, 2011 at 8:54 pm

Yes indeed, that darn doctor who warned you every year for 25 years to stop smoking or you’d get lung cancer. It’s most definitely his fault.

Instapundit » Blog Archive » TWEET OF THE DAY: “If the Tea Party is to blame for the downgrade, then your doctor is to blame for… | August 9, 2011 at 8:44 am

[…] TWEET OF THE DAY: “If the Tea Party is to blame for the downgrade, then your doctor is to blame for your lung ca… […]

elspeth | August 9, 2011 at 10:58 am

I think we should put the 28th amendment in place: the one that makes congress not exempt to any rules they make; the one that makes congress rely on social security like the rest of us; the one that takes away congress’ special healthcare; the one that takes being elite out of the congress that is supposed to be for our best interest.

If The Tea Party Is To Blame For The Downgrade - Transterrestrial Musings | August 9, 2011 at 10:59 am

[…] …then your doctor is to blame for your lung cancer. […]

zplantman | August 9, 2011 at 5:18 pm

Love this quote “To blame the Tea Party for the S&P downgrade is like blaming the Betty Ford Clinic for alcoholism..”