America’s economy has suffered setbacks in the past, but during those perilous times, the leaders in Washington have come together out of concern for the stability and survival of the economy and the nation. The country now finds itself in another tenuous situation and instead of coming together to make important decisions to save the nation’s economic standing, Republicans are working to keep the economy on the precipice to portray the Obama Administration as ineffective. What the nation, and indeed the world, sees is that Republicans obstructed difficult economic decisions that prompted one of three credit rating agencies to downgrade America’s credit rating. It is difficult to know exactly how the downgrade will affect the economic picture, but suffice it to say, it does not bode well for the nation.
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